Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-08
7" tho Editor II Tie Giote.

W.
Al Editor The anncXed extract IS from "speech
If Hon W G. R,yca, al public dinner gwen hun ut
Louisa Court house, Virginia, on the 'lh sept, io''
.,rhe more too reflected On the practical opera.
tons OF this scheme, Subj feasnryl WIN It's s'el a'',
nononol,ynr exacticm Of specie for the Government aud
lie slime ndiares the more thoroughly was convinced
Of its runous effects the general prosperity ana Dns
ness concerns Of ,iewhoe community; ana that WIN
The additional apparatus with winch II 'caS Pr1r"Sfd 10
orr H. oil Treasury notes. Of certificates OF depoSItr,
founded on The Government, hoard Of specie 10 serrcdS
general eurrencY obuyng and selling balls OF exchange,
and Of making transfers, through lis own instrument
tality Of large sunsof money iro; the places OF col
lection to the places Of disbursement, separated ny the
immense distances OF our Continent y Wouo inev,,
ablv work itself into a GREAT GOVERNMENT
BANK-hc realization Of The most eartat c"y"nctioh
Of he nontd and political po,,cr q Tie country uhtrh
The Imagination ran conoe're WIN hese views o. the
character and tendencies of the ffccnf.re scheme,
boaestiy and norourhlg entertained, should not, TEL
citizens, have been traitor, "a traitor to my com
rUl if had permitted any slav'sh ana demorai.z'ng
motive Of personal purity allegiance TO The PRESIDENT
to draw me into rs support
The words .'aalicised, "Government Bank and
o.raitor my country, were so IN lie pamphlet copy;
the Others have chosen thus Ia emphasize.
recommend 10 MIR Rrves To incorporate this eA.
trac, m the speech he will doubtless make against W
he means TO preserve his consistency the "Exche-
ouer bin reported By his friend and fellow committee
max ~ Dr"sge. II appears to me TIA, the Iii IS
OK Hgs &Ea,k thing he intended 70 describe IL
II eloqucniy denounced under the
Il prhal il would be proposed by the De-
Ynod MP'ecr,aInly armed with the very ''add-
ton. VYIyFTtus' with which he sad il was proposed
10 as'n the Suh1reasury, although the public know 1t
was ~, 50 armed, and which he no less truly than for
chilly asserted ,coatd harc mule a "GRE.'T CO.
IERS.ME.rT B.7Nk-tht reatt,atton of the mast fear.
FIJI conjunction Of tic montyed and political Po,oer ~
thc country ,chich the Imagination can coneetre.
He does not seem 10 have been very hostile 10 the
~ ~
ing and paying specie being 's,crn and monopollz-
ing" But il was the "Treasury notes and certificates
of tcpos,tc founded the G"r"rnment boards Ut spe
cic 10 as ge"erat currency the "buylng and
selling bills Of exchange, and making transfers OF large
sums of money! Sc, those dangerous concomant
powers with which lie sad al was proposed to arm
this simple Government agent, that aroused his patrI-
otto feelings against II in anticipation.
Now, Mr. Editor, II II ever, before the present
time ssprUposed 10 cngraii upon simple Subtreasury
such unconstitutional o@srs and make such ear.
full engine, totally ignorant of the fact, though
was III favor OF tho law, and still hope 10 il enact
ed watched lis progress, too and the course oil our
legislators respecting H. but have recollection OF
any such proposition. !! may have been, however,
that, in his better acquaintance with the secret arcana
of our national legislature, MIR Rves did hear such
proposition whispered did perceive lurking dFpo-
sition omewhere convert il into "a great Govern
ment Bank, or "EXchequer, 80 raught with evil 10
our country 10 subject supporter OF It TO the impu
taton al reqsou En; think il must have come from
the party who now make IT, if made at all Certainly
no Democrot-no who advocates the divorce OF
bank and S.aeno ne who adhcres to the principle OF
combining our Fedora legislation to the legitimate and
specific purposes Of Government, and Of lisconnecng
it from all interference with private and individual IN
tercss and lasl Of all Stale Rights strict consTuc-
zionist could have proposed il. But the proposition IS
now made and hope that Mr.. Ryts, with his "vlews
o the character aud ndt ucics o!te Executive scheme
honestly aud thoroughly entertained, will not turn
''tfaiior 10 his country, 10y permitting any slapish OF
demoralizng notion 81 Ps'Somal parfy allegiance to
draw him into lis support
ii is very clear TO ny mind Mr. Editor, that the pre-
sent dominant party design to snGer Mr.. Tallmadge'
bill 10 pass. Both Clay aud Webster generally
viii vote for il. Not that is their first love Oh, no
But that il suits them better than any thing likely Ia
be enacted under the present Executive And, hlr
Archer lately sad Of The Fiscal Corpoa;on, is
can entering wedge admitting Of supplemental lcgsla-
ton.
| perceive that tie prominent Wing papers-Wcbb's
Courier aud Enquirer, The Commercial and the Anne
rican al New York The Boston Atlas the Philadelphia
Gazette, The Balimo0 Patriot, the National lnte!li-
gencer, and the Ma,rsouan--arc already out in lis
favor.
In regard 10 The certificate Of dcposile clause, think
u Will b. proven H. execution that they will he main
IL ISSUED al The Western and Southwestern agencies
and be used Tor the purpose OF renting debts to the
East and IT New York, where two thirds OF our rere
nue. ~ collected, Government will get nothing but
these certificates in payment Of lis dues would then
inquire where VIII tan specie I" make its ds'"Fse-
mens "ail al"ng shoy from Maine 10 Louisiana,
cept BY ocurrng the expense Of transporting the very
specie dcpoalic IN the West, the mountains,
which private individual traders avoid by getting Go
vernment 10 40 Il far them \. y. Il.
WIG REFORM.
| In rcccn. sAeci, Mr.. McReon, from New York
called ailen Ia the following expenditures Of the
State Departn t within four months Of the year lS4l
viz: