Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1842-12-13

Gen. JAcKSoS.-Ihe Cincinnati Enquirer OF nday con-
tans a correspondence between the Old Hero and his
Gent friend Moses Dawson, Esq., the subject of the
EXchequer.
The correspondence is not of late date 1t was COM
menced in lS4l after Mr. Tylers plan of finance
published in his message But Moses Dawson fearing that
the faithful might be led asray that there might be
thing like unity OF opinion, and seeing besides, hat
there in this neighborhood feeling favorable 10 the
Excheque the General for permission publish
that correspondence in order suppose TO change this
feeling, and stop of party from signing
rails in behalf OF the Exchequer.
"On finding however, says Mr.. Dawson, writing TO the
editors Of the Enquirer stately, that there feel
ing in this neghborhood favorable the plansnd that
persons seeking for signatures memorial Congress,
in Its favor have stated those Democrats whose
asked for, that the plan such would be
approved of by Gen. Jackson:Now being impressed with
the belief that the plan which that worthy pa
trot and is opposed him for his permission
TO publish his letter OF last which, have received
reply, conserving the publication of his letter And
considering highly important that the Democrats of Ha-
milton county should be in possession of the Generals
uments upon this important subject have request of
the favor of giving publicity the correspondence in your
paper-and therefore, propose publishing the latest letter
from the General on the subject"
Measures not Men-This is the great doctrine of the
parry. But where the harm in letting the faithful know
what the old General thnksl 1t will stop all division
among ihem and make them feel-naughty they
are! If they ought have countenanced
ragged such a scheme the Exchequer. IL may be- too
hat another thought entered into the head of friend Moses
Just there entire union in the party regard the
Banks There is hard money clique and a mixed cur
clique and report don't belle hem they have had
hard words and hard blows the subject
How pat then, is the Generals letter. IL puts a stopper on
this division The old holds paper currency a curse
and sheer humbug the pretence that there
specie enough in the world the business the
world And VINO will dare dispute this point
What man OF the party venture 10 tilt against auho
rity Hight Measures, men; but still General Jack
son knows the views of the Democracy and therefore,
it will support and sustain him. So the old writes in
reply to Mr.. DIS request.
HERMITAGE, Nov. "a, 1912.
r
been received in which you ask permission publish my
letter. from it, TO which you refer. have
copy of that letter. and when written, had idea
Its being published, and il in haste, there be
errors, both grammar and spelling, which may need
recton; STILL you say be useful for information
the public, having the confidence in your udg
ment, the permission you ask is freely given YOU new
put to paper any thing but what matured opin
ions.
AS SO the illusions made my Message TO Congress-
had strength, would give you the full outlines of that
project, If Congress had made the call But why
the call was not made upon upon me- Congress well
aware OF my opinion OF the Constitutional powers of Con-
in their legislation for the District and of the States;
with regard TO charterng Banks. will give you concise
and hasy view Of that opinion That the power Of Con.
gress the District equal that Of the States
their respective limits, and that neither had the Cons
tona power 10 charter Banks Of paper ssues-tha the
only in this respect charter Banks based upon
specie basis and OF deposte and exchange The States
having resigned 10 the General Government the sovereign
power coin money, regulate the value thereof &C. c.
and prohibited themselves from issuing bills of credit or TO
make anything tender in payment of debts but gold and
silver confidence the reserved rights OF the States
tanned power charter Banks with power bills
of credit ask what is Bank bill but bill Of credit
The charter allows them 10 issue three dollars in paper for
OF specie-hree five dollar bills issued-I 90 the
Bank with of them-I draw five dollars in specie
Il ask, what the other fves represent They an
swer nothing but credit. These well known by
Congress TO be my opinions therefore my project
called for. Many committees representing Banks called
upon whilst in the Executive Chair 10 know If would
not approve charter upon other terms than based upon
specie bassmy already was that would approve
no charter; therefore presented 10 me.
am and have been. opposed all kind Of Govern.
paper Currency, let il be derived from Exchequer
Otherwise II the paper the real representative Of SPECIE
why pay the debts specie and let the specie circulate
in the hands OF the aborng and producing classes Then
the dealings between the merchant and the nboer will be in
specie and the merchant by making deposit can geto bill
any part Of the Union. Where, them s the Of pa
per currency Neither the merchant laborer it
The merchant wants bl-not n Bank or EKchequer bill
but upon Banker where he lays in his good-as in Ger
many.
Il is Of the greatest humbugs attempted be i'm.
posed upon people, that there - specie enough in the
world TO oil the wants Of the community
Look at Cuba There ~ paper there. Shut out from
circulation all paper and specie will flow in upon
tde hut will flow TO any country that has paper
currency, which will always depreciaie National Paper
Currency is great 10 any people, and particular
the labor Of county, for it7 depreciation always
falls upon this labor. But with these hints close
being exhausted am greatly debilitsled, and remain
your friend. ANDREW JACKSON.
Moss DAWSON, Esq.
Comment upon this letter is unnecessary. II is pity il
was written, Or being written, thaitwas published ltenvcs
s wholly AT fault the financial plan which the General
said he ready give IL called upon by Congress- and in
asserting ultra doctrines the subject Of the currency
sorts 10 arguments or assertions rather, which have been
refuted and again, and which business men,
oil sides knoto be incorrect. II IT, In Short just such
letter a discreet friend would be sorry read and
cry opponent rejoice behold We regret that par
zan zeal has brought to light and place II upon re-
cord rather chrOncng the present opinions OF politicians
home than utering sentiments that at all accord with
the views expressed by Gen Jackson in his PALMER days
Cincinnati Gazette.