Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-11-08


Mr. Clay and vetoed ~ President Tyler, was an III
corporated Stcck Bank, the L. s. being required IL
subscribe Cor third, and individuals corporations
companies States 10 subscribe for two thirds OF III
capital stock: that was to be under the direction ant
government Of nae directors three Of whom were Il
be appointed bv the Government ana six by the Stock
holders shat al the public money 10 he placed IL
.ienosi,e in SAID Elnk, and the public funds deposited
in said Bank considered being in the Treasury
of the L. :.
Resoired Tha. as The said six directors chosen by
the S,ockhoGers would control the minority OF d.
rectots appuntedby the Government, and as The public
money held on Gcposiie in the SAID Eani, was 10 b
considered gs being III the Treasury or the u. ,
followed that the pubic money, and the Treasury o
the IT, s would be placed hy said bill beyond th'
power and control of the three directors of the Govern
ment or Ike Government Itself, and woud have beer
p;-ced untrg dc absolute and exclusive control ant
GENE ot irresponsible directors, not choseI
BY, or Responsible ~, he people.
R1s0ired, That he subscription OF onc-ia'rd oil Tx
capital stock, beng len millions OF the same, was
subscription OF money which was not III the Ifeosnr.
at The time 80 be paid but directed 10 be borrowed
and public debt created 10 the amount bearing interest
aud not redeemable Tor fifteen years.
hesofEfl. That there HcTe other objectionable pro
visions couained in Sir. Clay said Bank bill, which
rendered i, Objectionable and hostile 10 pub
lie liberty, than tic late Bank of The United States
and We believe that President Tyler performed an &c
o! duty to the Constitution and pario'so, IN Withhold
Ing from ii his Executive approval.
Rssolred That supporting Mr.. Clay, as candidate
for the Presidency, the irrcsisb!e inference follows
that his friends and advocates desire 10 procure the esia
bllshmen, Of the Bank, IN provisions end pri:.c
pies, which was vetoed by President Tyler.
Resoircd That We are opposed to The partnership
which such Bank creates between tte Government
and individual stockholders, aud nola that i, is the
duty of The Government to keep TIE public money in
the National Treasury, in is own control and custody
10 he dsburscd appropriated by law, and not suffer
il 10 be placed under Tie contrcl Of partners and cor
perators nc, responsible TO Ike people.
Rssoteed, Tha, tie political party in power, and
.,ayine maor.es in both Houses Of the present Con.
gress who bring Mr. Clay forward as their candidate
Tor the next Presidency, have totally dsTegarded and
forfeited all ,heis pledges and promises made to Tie
peose before Tie Presidential election Of los0-and
ac.ong others, they have forfeited The pledge that they
soul prescribe prescription that they would reform
absscs-reauce expendurcs-and restore confidence,
r.asnrrity and letter ,nes To he country
Etsoirfa Tia; in The opiuion OF this meeting her
aoov union aad concert Of action a'e anne necessary
10 asue the Democratic party "i the ih'en ehtiTs ant
complete success a; The mex; general election.
EtsDired That as the most effective and certain
means Of securing such hsrnny onion ana concert OF
.....n 80 onr-o"n nf" No.i"aal herH"tn;r t"nv'r.