Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-18

nav not b. ri.hi!ully repealed. IN this we have
,aned mucn SI%pnhlican ifmness. and the IN
iaul.tcd advocacy of the true Democratic doctrine,
,onctjer Ssh the results OF the late elections, have
fiSh,cned NJ TYLER and he whole ohjs supporters who
connteuanc, II. project, out Of all idea Of Fiscal
| Corporation any oiher corporation. We shall hear
no more OF Coppraion, except from the bold and ad-
yenturous Cay and his reckless followers Aad II a.!
probability The late political reversps OF the Wings have
"a tar rcp,essed ie huoyancy OF his spirits 10 pre-
ven. HIM, ,r while al least attempting TO rise 10 the
snhline fa,ty oi anolher Fiscal Bank" But 10 return
Ia The cues;er, "i}ank no Bank, our old friend
Richie wonlGA'y Does not the nature of the bust
da,os;; and ID ,i certificates therefor without with
e hprs, for ~ Keeping; and whether or moi these
cer,,ica;es shall n.come circulating mrdunito bay
and sell bits OF exchange an accommodation TO The
commercial community, and not simply aud only for
Tho transfer Of rs iundsto grant discounts upon
nils pnder CERTAIN restrictions and reguations-to Is
spe bills oi crcit' redeemable i'll gold and silver,
r,oer currency or circulating medium, Tor the whole
conriry-eac and all Of these operations will ch1rac
feriz. Inc conce<n which carries them banking IN.
st;uton Ii Government carries them on with
some portion Of individual deposites, but mainly upon
the credt OF the safe, Commonwealth, or Coniedera
cv and UPON .ii,i Of the Revenue, and consequently
,irourh the ms sumcntaty OF the Treasury, IS then
properly demon mated an Exchequer Bank. Mr. I'y
lers "Fiscallig embraces all the operations which
have mentioned is constituting an HxcheGner Bank
Is it no them n veil OF dGplcy winch is spread over
lhs monster oil ri Exchequer Bank, to conceal from
the eority o lis features and lie nature Of the
beast, To suppose that the People could be battered
with in double sense, could be thus easily duped and
deceived, indeed making 4 most daring and IN
zardoas experiment upon Their gG!!ibty But, who
or what this BOARD Of Conro: | would speak Il
H. Blu, confess, that il approaches III question
able shape, kro.: not how 10 address il. Whether
il be = phantom Collin damned-whether IT he tie
ghost Of the ieiunc L. Is. Bank, returned 10 haunt Us
whether il b. scion q. noble arls;cciacy, welded IL
our simple Republican GOVERNMENT Tor the purpose oil
producing by the cross Of breeds heterogeneous pro-
renywheher, III fact, II is designed as sly n,roduc
lion of the Lords nj the II. lsnry INTO the chamber OF
Republican Liberty whether il be designed 10 sup.
plant the present Treasury Department, BY ransier-
ing its duties 10 .hosc vino shall hold office by more
firm and stable tenure-wIic her, indeed il be rugged
Hl.canian bear, to rghten children in the nursery, or
be the fifth wheel To political COACH by the
present ncum5"nts ndispcnsab necessary TO It's
easy and graceful pro- ss--Who or what it is know
not! To me il seems be stranger and s"joutner n
cur constitutional lalS This board Of control, il
would SEEM is corpsMf agents selected TO carry the
plan into execution, aud 10 he located at the seat OF
Government with rami,icalons, affiliated branches, or
agencies 4. prominent commercial points, or wherever
else Congress may direct Tor the safe keeping and dis
bursement OF the public moneys Thus, the regular
officers OF the Treasury Department 10 be stripped
Of their appropriate aud legitimate functions OF safe
" keeping and di>hursing the public moneys
But 10 what genus or species belongs this board
Of control? BY what tenure are they to hold their
places How are they to be anpoihted-and how re-
moved. Iusecnl that the plan contemp plates that tie
members Of this board shall be firmly fixed IN their
places than thr Executive officers proper, and the
President To be denied tie usual control and super
vision over them. In the Of The fathers OF the
Constitution, what sort If thing IS this great central
board Of control: II Is species Of unconstitutional
mammoth monster never before discovered, and Of
yyk rh Yer man. "a
snce s9c, am uu rrahs hoard Of control, with its
subordinate ciIiai"n> subsequently carrying into
cutnn the bcess Of us centralized power, would
acquire the control over She sword, and his cSccen-
cy the wearer 81 It, ~ Of having already com
United char -, The imos; irresponsible custody OF
the purse and The dssbur$er CENT OF its contents Such
Capitalization Of The mhot force power, aud nilu-
ence OF the revenues Of thesU. 5. IN the hands Of
grand controlling board, with power 10 Issue a paper
currency deal N EXCHANGES and 10 receive the gold
and silver of individuals opposite, would con
vert glorious Conedrracy into Consolidation L
be swayed at VIII Us board OF control. Such board
Mr.. Tyler5 plan cOnemb'GicS, and what true Republic
can what sincere STATES Rights man, does not shuddeI
at its bare contemplation
Blu, w,ll thank you . send me the plan in detail
when submitted b. ;!e Secretary ofthe Treasury. tina
nav thereby come better know ledge OF the cha
taclc. and purposes and p"sess OF this hoard Of con
troll! and may endeeyor indeed, hy application and stu
I
entire recommended ~ the President in pur
suance OF his pledge, than find myself able 10 do by
perusal the vague, general description OF the Pre-
sident
We discover, however, that it is substantially n
Exchequer Bank intended TO the credit Of the Y
S. and The revenues Of the Government, Ia uphold AM
carry on is business Of dealing IN exchanges, issuing
paper currency, and granting circulating certificates
| individual depostoIs
Now w, IN our primary meetings during the pas
- , 4. I.,1l
ted these claims Of power. We denied, ~ toto, thci
risht.u existence. and maintained that II they did ex
ISL Incorporated Bank vas not necessary 10 Tue cx
ecution Of the powers thus c!almcd-so that wheihe
MIR. Tyler plan ~ properly denomna'ed an Exchc
quer Bank or moi, whether his new device Of boar
Of control be is, les'i, or fungus excresccncc
we deny il,y that Congress consiituiionally, b.
any trick DEVICE Gavin fraud, deceit, d. the acts
the things, whic he recommends 10 he done. AN
one thing remarkable IN the Presidents explanation
Of his pan-an awful silence about regulating IN
currency" Did not Albert Gallatn, in his pamphe
on Blinking, undertake. 10 prove that Congress ha
power y regulate tie cu>rency3 Where all Da
mel Wrbstcrs profnrn4 arguments in favor Of BAN
based upon the asSumpsa. that was the duty OF Con
gress TO regulate the cufrencys Where, OH where,
all the Wing and Fcacral slang for the last twelv
years, ab"n, regulating HE currency and cqualizin
exchanges Happily Tor the people Of America, undc
Our system Of government, they have an oppcriun
Of reflection before they irrptrevahly ruined by an
prevailing opinions, hastily adopted policy and ca
save themselves !rom perdIilon by consulting "iiei
sober, second thoughts. Political chnratans, by
temporary success and elevation, have only expose
themselves and their tricks 10 detection aud scorn an
an honest and indignant Democracy have flung ther
down from their gidiy height EmpIrlcsm had a rap
hood,tiGc-t is fast cbbns. The great WIFI
Hobby (cxcrse the paradox Of great l'e horse) Ia
run alike brief and ingnrous. The idea tina
the Federal Government may or can regulate the cut
rency II tic country, consisting Of promss0ry note
issued Is State E9nks, is now abandoned The suprem
folly Of tie necessity Of great rcg,ia'or Of the Stat
Banks, to be provided by tie Federal Government,
no longer Tie theme al cfvcrsation or declamatio
anon: the wings 1t is bic on which they no long
er delight 10 dwell. The aesu'ator IF the Currency
Oh! no, they Il never men'ie' It's name shall ne
be called.
When the wings rct into power, Mey will regulate til
Currency "No more Of that Hal, an lhou lowest me.
Presden, Tyler in his pau cschews any regulation :
the currency, any interference with tie institutions
the States lis plan "enscs The banking privilege
oc ,yi,hont 10 nronosss NJ