Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-04

Though We had Tiber and Goose creek, we hs
no Iarpean rock; but had he thrown himself. Gu
thus like, into the gull, and nobiy persisted for Il
'aWauon OF his country, there might have bee
some hope that these gentry would have conducte
the Government on the principles which the Peop
had sanctioned. And who could telil-perhaT
there might he hope yet. IA taught
when the Government treasure was enttuste
10 existing corporations. there was something OF
muiua! liability, between them; bu, here in this bill
we found an Immense machinery, flooding the cour
Try with million upon million, anu no power any
where but IN the will Of the sovereign To control
In n free Government MIR NJ. would never conse,
| 10 trust such a power anywhere. whilo prival
CLAIMS OF the clearest and most ndubitablo iustic
were constantly rejected from year TO year, heeaus
the government could not bo sued, would they in
vest with the like prerosatve Of unsueabiiiiy in
sttution with all the powers to be enjoyed by thi
Exchequer. For one, he never would consent TO il
he had said that 1t was not his intention to go in
10 an analysis of the bill. yet there really on
or two things IN 1t which had forciby struck hi
mind, and which so pllpably demons, rated the lilo
gtca' character OF the much vauntcd argument il
| the report, that he could not but rcler to them.
The first occurred in page OF the printed rcpor,
where Il was asserted that this ExehcQuer Boar
was no bank, because il did not collect its capita
by suhscrption-just as il that feature were essen
tai To the existence Of bank. Might not n banl
bo incorporated and endowed with all banking IA
cultics where this requisite wholly wanting
What were the banks OF Alabama Ii this reason
was sound one, they were no banks at all, STATE
OF things which the people of that State might wei
desire TO be the ca,e.l-lA laughl This was
specimen OF the ineoutrovcrtbc logic which th
| paper Ind been 81 highly praised and praised toe
| bv the Senator from South Carolina, whose search
ing eye any one would have supposed, insecu
tive conclusion could have escaped. But he sup
! posed that the Senator had been so much gtaticj
and entirely cnsrossed by the concessions in tn,
report, that he was not disposed to look with very
| microscopic gaze upon its other features.
Aclin. cOnicuuCt Tint this "
| no Government bank, because 1t did not discount
Now, here doubled and twisted faacy; the
reason given was untrue in principle and untrue in
fact. Untrue in fact, for confcssedly the Board
would discount bills Of exchange and untrue in prn
ciplc because hank may cxis, without this powe r
Here was another instance Ut the imprcsnabe logic
OF the report, another evidence Of that gantic in
te'lec' hose impress was said 10 distinguish every
word and line.
The third iillacy might be found on pages and
6, where the Secretary insisted tina, the b propos
Ell no union of The puse aud sword, because neither
The President o. his Secretary could touch dollar in
the Treasury without an appropriation. Why, had
not this always been the easel Yet what had been
the ground taken by the wbis party a; the time OF
the removal OF the depostcs1 What had been the
cutlery on that occasion Of this Secretary himself
both master and mani Although every petty Lo-
coioco parer IN the country had defended the act on
Tins very GROUND, that Gen jackson could not him
self touch dollar of the public money uncss by the
Appropriation OF Compress did the Wings admit this
reasoning valid1 Did they not still contend that
that act effected union of the purse and the sworc2
And was not the case the SEINE row2 In this falla
cy there were two untruths involved; nay, three.
In the hrsi place, the principle
Ii was said that neither the President nor the Secrc-
iary could touch dollar of TIC public money. But
THIS government had fallen into decay, and though
commerce had become quite too mcrcenary con-
Germ Tor the aIstocracy OF the present day, sub
stltute they turned their attention to banking and
as the revenue collected ut different points and
had 10 Pass through the hands of subordinate unc-
uonareS, every whinper in oil custom house might
appropriate the whole amount 10 the purchase Of
exchange. The argument entirely overlooked the
Tact that tho entire revenue might be seized upon
without dollar being appropriated. II this an
example OF the severe, consecutive, impregnabe 10
sic OF the report, he Tor one, must have capa
city before he could be able 10 appreciate H.
Mr.. NJ. said, in conclusion, that the Bank in the
bill was ultra beyond any United States Bank that
had ever been though, of. When Cesar, at the
head OF his victorious legOns, broke into the Tenn
pie Of Vesta, and seized the public treasure, he had
not IN his hands power so gigantic that which
was conferred 10y this bill. Il was the ong.sough,
philosophers stone; the lamp Of Aladdin was no
touch 10 1t. II converted reams of paper into gold
merely by putting 1t under the press Of the Govern
mcnt.
With all this gigantic scheme, concoc,ed and
elaborated by tie master mind OF the age, backed
by all this force OF argument, and defended by all
these illogical conclusions, he would not say that
thcre was man III this Senate who would not
take It, but this he would say, that there was none
here who had nerve enough to say al teiH take IT."
"Erpede Hereuism." Here might be SEEM on n
narrow strip of land, which separated on one side
the calm, deep blue of Wing principles and
doctrines, on whose bosom were upborne the desti-
MES OF freedom and the hopes Of gazing and en-
pectant world, from the raging sea of Democracy,
whose Wild surgcs were roaring and dashing on the
o.her, the foot print Of HeTcues-but no, the whole
impress OF the foot for so narrow the irail and
one side encroach upon lis limits and threaten 20
not room for the giant TO tread without having
portion OF his foot print obliteraed by the waves
And, finally, next TO the daring and presump-
tuous attempt at the subjugaiion OF the People by
the seduclns influence OF the money power, tina,
which most offended Mr. VI. in this document was
the spirit OF ba and Uii> subserviency and nlttery
towards the President which every where marked
us pages, and which presented the revolving specta
Gle OF gross and mercenary nduation, in the face
and at the sacrifice Of principle, nobly avowed and
defended for twenty years
But, said Mr.. NJ, | have TOO long occupied the
attention OF the Senate with this desutory and dis
ntegrated and disconnected rigmaroe. | had in
tended to say moro, but ii is always my desire 10
speak with srenttenderness and respect OF the ninc
tionaries OF Government, loud laughier,l shall
forhear, and will now resume my seat
MIR BENTON here moved to lay the subject
upon the table for moment, IN order to move that
when the Senate adjourn, it adjourn to meet again
on Monday next.
The resolution was informally passed over and
the motion put upon the question OF adjournment to
Monday, which was carried Ia the affirmative