Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-07-01

That they held the bonds OF The people LOT aoou 'oo
millions of dollars.
And tina, the aggregate of specie in their vaults was
only -. millions OF dollars.
Ii il certainly not unreasonable 10 estimate that the
hanks on an average make profit OF ~ per cent on
their cap,al This would make their income do mll-
lions ofdolars per year,-or, millions more than ali
the spece III their vaults IN lcIo
Durino the two las, years Of Mr.. Van Burcns adm.
n;s,ration the tax paid by the people TO The Federal
Government, did not on an average exceed 81 oo pe'
head:-while the tax paid To The hank system ooiihs
The same period was more than 81 per head.
Itis Questionable whether The whole cotton crop q"
1871 a, the present reduced prices vii bfing ~" l'f
country as much money as the Peop,2 pay The bahks
the banks without work, make more Than hii the col
Ton rusers in the u. S. by all their toll and labor
| Al the head and front of this banking system may
he placed the late United States Bank lis stock was
mostly owned by foreigners, who had no sympates 10
common with our people, or love Tor our Government.
The Bank itself was managed by as corrupt set OF n
nnnciers as ever existed. After this institution had Tor
wears wared war against the Government, after having
taken lead in the political contests OF the day. bro
ing presses and buying up politicians, 1t became bank
rupt and failed for millions. Every dollar OF The stock
has been lost and millions Of its notes have fallen dead
in the hands of the people would Gil book to write
the history of this corrupt institution we cannot ehler
on the task here, bV recommend to all who may wish
10 see the conduct of this Bank, painted IN IT'S true CO.
,ors TO read The letter of the Honorable Louis d. Hen
re- on accepting the nomination as Democratic caad
date for next Governor 1t there be any OF the free
men of North Carolina who have yet read tins clear
comprehensive, and abe letter. we say to such, rest
not until you can procure ii, and then SIT down ana
read it thoroughly.
From the history Of banks already presented, oil may
see how much they have contributed 10 produce the
difficulties that now Cypress the country-oanks hrst
make money plenty by the facilities they Afford people
run in debt enter into specuatons and become extra
vacant; then comes the reverse. The banks begin to
II l,rth otn becomes CQrCe
ueinp begins note shavcrs and usurers, set to work.
shers and constabes turned loose; and rum ano
distress fill the country.
These are the fruits of the banking system, and this
system is the offspring of Wing polcy-to Wing poll
cy then may be Justly attributed the troubles OF The
times.
! From what we have seen and felt of U. S. Bank,
is it wise TO establish another in this country; The
HhigS say it is,-the Democrats say no',-ana the
| people must decide.
When the Wing leaders were seeking power IN lolo,
they promised, if elected, to reduce the burhens on the
people, hut getting into power, one OF Their
at the Extra Session. 10 increase these burthens
md they are not even satisfied with this, but have
agan brought before the present session OF Congress
another Tariff bill to raise the taxes still higher This
new Tariff bill not only violates the Compromise aci
Of -, i'm the most shameful manner, but proposes 10
brna back on the PEOPLE the abomlnable protective
polcv of l22 and 10 lay taxes not for the support OF
Government but 10 FIJI the pockets OF the great manu-
laciureis.
This bill, as reported by the Wing committee, pro
poses the following import dnes-that is to make the
people pay the following taxes 10 wit on iron, TWEEN.
ly five dollars per tonon cut nails, three cents per
pound-on urought nails, four cents per Pound-on
salt ten cents per busheon tcad, two'anda nan cents
per pound-on jro,rn sugar, two cents per pound-on
iump and ioaf sugar, six cents per ponnd-on common
roton sLirtinn such as now sells al TO II cents per
ward the tax is TO be six cents per square yard-on
q coarse racors or PRINTS and half cents per
Warden windo,r giasS, by TO- per hundred square
loot, two dollars and forty cenis-on nrooslen c!oths oil
the quality generally used BY the common people, forty
rer cent--ihat is forty cents in the dollar
i For The purpose Of throwing dus, into the eyes oil
the farmers the bill further proposes The following I'M
, port dnes, viz be.f and pert, two cents per
pound-on bacon, three cents per pound-"n "uaef'
five cents per pound on Rour % cents per IL pounds
on arheaf twenty five cents per bushel.
These are are but a few OF the new taxes the Wing
leaders in Congress propose 10 lay, but they are
enough 10 show the people what is intended, and what
they NAV EXPECT if the Wings continue in power The
obec, i, mnosnr these taxes is and the effect will be-
TO raise the prices whatever the farmers have TO
buv and to lessen the prices whatever they have TO
sell
II Now the Democrats do not object TO paying taxes
for the reasonable support of Government, tut they
are utterly opposed 10 paying taxes 10 enrich the manu-
rociurers hirh duty foreign goods necessarily
raises the price of them, and enables the Northern ma
nuiactoriss charge more Tor all they sell Our lore
fathers establishing tue AoHsulutoH, '"teHueu "
secure equal rights to all classes OF the community,
but Protective Tariff imposes high taxes
on the cultivaors of the SOIL and mechanics, for the
benefit Of great capitalists who have invested their
millions in splendid manufacturing establishments. II
is taxing the people generally for few rich money
holders Why should the farmers mechanics and other
classes be taxed for the benefit Of the manufacturers
Besides the great injustice Of the 'proecve policy
we object TO il another gronnd-llke the BANKING
system il creates prricgcd class OF mon IN the coun
- MILL ty
Government itself The Republican portion OF the
Committee of Manufactures, in their report against
these high duties have taken this view OF the question:
aud have furnished several striking examples oil The
effects of this system in England there, has made
the fsu rich, and the many poor;-there The rich are
very ric and the poor wrechediy poor Let every
friend of euua rights read and consider the following
extract from the '.Minory Report Of the Committee
Manufactures submitted TO Congress OIL the oth Vi
i May, 1872, pages and >.
Gas evidence Of the effect of this system upon the
large andholders and upon the day laborer in England
we have only to turn to any newspaper OF that coun'
try which finds lis way 10 this. AS an instance near
est at hand we give the following extract IRON an
English paper, found in the National lnlelSencef Vi
the 10Th inst:
alt is said that by the death of the late Duke OF
Cleveland his eldest succeeds 10 tco,000 4 year.
or nearly $500 600: Lord WIN. Pawlett has legacy oil
$500 600 or more than S2,500,000; and Lord Harvey
another of S4400 600 or upwards Of $1,000 900; there IS
legacy of f200,U00, or nearly Sl,0O0,00D TO grand
son. the dowager has the Yorkshire estates the house
in London, and an immense amount oi plate Jewery,
and furniture. A large portion OF the unentaiied es
,aies in Durham goes 10 one of his daughters tbs
Grace it is said, had II ,2500O0 about $1,000 ooo
IN the 3! per cent consols besides plate and Jewery
TO the value Of El00,000"
"n the paper We find The death OF The MARQUIS
of Hartford announced with the remark that he died
worth f2o00,o00 or upwards of $9,0O0,OOo
! "Now, let view the reverse side oil the picture
We extract the following from the first paper at hand
recent report The cases stated are accompanied
BY others of like character and are doubt true re-
presentations of thousands Of cases in England, Scot
land, and Ireland
"et us peep into the report Of the POOR law comm's
soners that may The better understand this new d'c
rine which The humanity of Great Britain is about TO
cnGran on the law of naiioLs.
"rhese commissioners visited The poor in their abodes
Of wretchedness and the following few of the iacts
selected from their report: