Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-12-10

Government agsnis For several years past they hsra
been thus made in the form OF Treasury noes, and
have answered valuable purpose Their usefulness
has been limited by their being transient and Temporary;
their asing To bear interest hi gwen PERIODS necesa
ry causes their speedy return, aud thus restricts their
range of rculaton, and being used only IN the dis.
bursements Of the Government they cannot reach those
points where they are most required. 81 rendering
their use permanent, TO the moderate extent already
men,ioned by Offering Involvement tor their return
and by exchanging them for coin and other values they
will constitute certain extent the general currency
90 m,cb needed 10 maintain the internal trode Of tile
country. And this is the ExchcGuer plan, SO ias as
il NAV operate in furnishing currency
cannot fo,ego the occasion TO urge lis importance
TO the credi: Of the Government in financial point Of
vew The orea, necessity Of resor,ng to every proper
and becoming exredeEt in order TO place the Treasury
on footing Of the highest respectaohty, entirely
obvious The credit OF the Government may be re.
ga-dei as The very soul of the Government ilsef-a
ooriocinle of vitality without which all its movements
are lanruid and ali its operations embarrassed In !Ls
sprit the Executive felt itself bound BY The most I'M
pera,ve of duty TO submit TO Congress, al lis Ia,
session. the propriety OF making spec'nc pledge OF
the land fund, the basis for the negotiation OF The
oa ms authorized to be contracted then thought that
such an application of the public domain weud, with
Oh, doubt have placed at the command OF the Govern
me nt ample funds TO relieve the Treasury from The
temporary embauassmcn's under which y aeoret--
American credit has suffered considerable shock
E,uT
the temporary inability Of some OF them to meet tie
interest on their debts The utter aud disastrous pres
tration of the United States Bank OF feHnsylYar4,
had contributed largely TO increase The senin'fal At
disrust by of the loss and ruin sustained oy The
holders Of its sioc. large portion nt whom wr:e 10.
re;rners and many Of whom were alike gnoan. 81 oar
political organization, and OF our aetna! responsibilities
II was the desire Of the Executive tha IN The
effort 10 negotiate The loan abroad the American No.
goiator might be able 10 point the MONEY lencet To
the fund morgsged for the redemption OF the principal
and interest OF any loan he might contract, and Thereby
indicate the Government. from all suspicion o! bsd
fllh or inability 10 meet It's engagements congress
differed from tie Executive in TINS view OF ;he subject
IL became, nevertheless the duty OF the Executive 10
resort every expedent IN lis power TO negotiate We
authorized Loan After failure 10 do SO IN The Ame
rican market, citizen OF hi character and 'aen,
was Europe with no better success; aid thus He
rnortlying spectacle has been presented oil The ma
bilty ofhs Government to obtain loan so small A.
not in the whole IN amount 10 moro that ore fourth q!
it's ordinary annual income; al q time wien The q"
yernnens Of Europe although involved in debt, ami
with their subjects heavily buthened with taxation.
readily obtain loans OF any amount al gfeaty fedoesd
rate Of interest II would be Improbable to look fur.
Their into this anomalous state OF things, but cannot
conclude w;thou, adding that, fora Government "hc'
ha. paid OH liz debts OF two wars with The largest
maritime power Of Europe, and now OWING dtlt
which is almost next nothing when compared with
its boundless resources, Government the strongest
in the world because emanatng from the popular ~'!
and firmly rooed in the affections OF great ana tree
peope and whose fidelity to lis engagements has never
been questioned for such Government TO have ten.
dered 10 the capitalists of other countries an opPotu6
iy for small Investment of s stock, and yet to haze
failed implies either tie most nnfounced distrust III It's
rood faith or 4 purpose, 10 obtain which, the course
pursued is the most fatal which could have been adopt
ed II has now become obvious 10 all men ttst The
Govcrnm mt must look 10 its means for snppyl7.
lis wants and il consoling 10 know that these MEAS
altogether adequate Tor tie object me E1cheqret
if adopted vii greatly aid in bringing sbon; this "a
suit, Upon wha, | regard well-icunGed sap.
position that It's bills would he readily sought ior
by the public creditors, aud That The issue w""id
in short time reach the maximum oil STAY G1
it is obvious that $l0,000,CG0 would thereby be ID
Ged to the availablc means of the Treasury wticUt
cos, or charge. Nor fail to urge the great aad
beneficial effects which would be produced in aid CT al
the active pursuits OF life lis effects upon the solvent
State banks, while IL would force into liquidation those
OF an opposite character through its weekly settlements
would be highly beneficial and With the advan,ass
of sound currency, the restoration Of confidence AMI
credit would follow, with numerous ,ran OF blessings
My convictions are most strong that these benefit
womid flow from the adoption CT tins measure bDi %
the result should be adverse there this security con
necon with H. that the Lass creating it may be repealed
the pleasure Of the Legislature, without The sig k.,s
implication Of lis good faith.
recommend 10 Congress TO take into considerable
the proprietv Of Inbusing fine imposed on Gtnfta
JACKSON III new tiIlc u tit attaSh sHA
defence Of that city and paid by him. Without dessn
ING nv reflection on the judicial tribunal which imposed
the fine the remission ut this day may he regarded -
unjust ncxpcGent. The voice AZ the c.v antno
rity heard amidst the glitter Of arms and obeyeG Big
those Who held the sword, thereby giving accii0r-
lustre 10 memorable military achievement II tie
laws were offended, their ms iesy fully vndicaec
and although the penalty incurred and pad, is wo:!
Of little regard IN pecunary point ct view, can harcy
be doubted that would be crafty ny 10 The war worn
nd in of his
to be relieved from TIE circumstances IN which ihai
judgment placed him. There cases IN which public
func,ionares may he called on to weigh tie public ~.
erest against their own personal hazards, and If lie
civil law be violated from paiseworthy motives, or NJ
everything sense of public danger and public neces.;y
punishment may we'll be restrained within that lEi
which asse and maintains the authority Of the las"
and the subsection Of the military TO the civil power
The defence of New Orleans while saved city i:cr
the hands of the enemy, placed the name Of Genera
Jackson among those OF The greatest Captains OF tie
age and illustrated Of the brightest pages Of cu'
history. Now that the causes OF excitement existing
at the time, have ceased 10 operate, believed 's
The remission Of this fine, and whatever cf gtauic2on
thu, remission mig ht cause the eminent man who "
CURED and paid il, would be in accordance win TIE
general feeling and wishes &C The American Psor!r.
! have thus, fellow citizens, acquitted myself Of ~
duty under the Constitution by laying before yoH, -
succincy as have been able the state Of tie tI'on
ard by inviting your attention TO measures 81 n"cH
linpoItduCt Tue county Inc wa '.'
zeaously unite It's Efforts with those Of the Legl-i''e
Department in the mpshmen, Of all THAT'S ;eqpne4
TO relieve the wants of common constituency, OF
elevate the destin.es Of beloved country.
JOHN TYLER
WAsniScroS, December, 1912.
DEATH or THE HON. J. W WILLIaMs
A message received from the House u ii"p'e'
sentaves, informing the Senate ha, they had lrarne
with deep regret, OF the death Of The Hon j. J" WI
l:ams late Representative TO Congress from Tie ,''
of Maryland, and that they had passed the reso!u'as'
CUSTOMARY similar occasions.
Mr KERR as tesno:al OF the respect enter!aT'-
FOR the memory Of The decreased, submitted resc'rii
declaring tina; the Senate bad received the inessac
with deep regret, tina, the members oil The hody @'a'
Grape ;he lei, arm for thirty days. and thai til >
nate 60 now adj ourn
The resolutions were adopted, and the Senate -
jouIned Until To- morrow.
HOUSE OF REPRESENTATIVE
Dir. JOHNSON, Of Maryland, gave notice 'h'' *