Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-15


knowing the purity Of lis character, lie knew that the
Secretary would scorn 10 place his name 10, and adopt
the report written by another. lie had no doubt that
it from pairlolic and the pErcst mo:cs that the
Prcsidcn; and Secretary have submitted the pan with
the view OF compromise and reconciliation on the ques-
ton OF currency.
No Senator had YET declared himself in favor Of the
pan and he agreed with the dissenting Senators on the
other side ;ia the plan does augment Executive power
and patronage to certain extent, and he could moi,
therefore, that extent % for il. But he coniended
that The augmentation Of dich power BY tbs plan
was not near so great the iify million Bank bill which
these Senator'S had supported, and which had re-
ceived the Of the President at the Extra Session
That bill gave hn 4 control III the whole revenues Of
the nation and fifty mon- les des. The deposes re-
ceivablc under ths lu Limited; under that, they
were noi. The operations OF this plan were open 10
The view ana scrutiny u III whole nation The opera
tios OF Tie other ,oc secret is these conducted
against tie vicas who used 10 b put t. tie torture IL
was be i'll the PRISON house, aud but eye 10 witness
il and a, the eye Of the President The operations Of
that bill 20 be secret death, bat this is open
to scrutiny. This epeaabe by the representatives
of the people, and subject 10 such modification from
time to time, experience and lis operations might
suggest The bill voted for bg those gentlemen, and
vetoed by the President lrrepeanbe and irresPon-
Siie to the people for il could not, within period Of
twenty wears be repealed proceeded against by the
people. Whatever mign be the abuses by il, and I'M
der il, however much II might prove injurious TO the
L must proceed till the limitation Of twenty years in
lis charter expired /, was responsible 10 ndlyidu
A. 1t also gave The President through The Secretary
The absolute control Of The State Banks: Tor the Banks
were to be selected and continued at tie option o the
Secretary Of the Treasury, who aect TO removal
by TIE President. Unlimited power was thus gwen TO
the President through the Secretary. Although the
Senators on the other side viii no: vote Tor tins
measure on the ground that II accur,ulatcs power
in the hands Of the President, yet i; infinitely
less Objectionable and less obnoxious 10 the charge
than the measure they voted for at the extra
SION The gentleman i~sm North Carolina Mr.
Manguml had painted the picture Of accumulation Of
Executive power well-ht did il with the talents OF
LA p,ae and Rubens-but he had used ant-Bank and
Democratic paint. They vino voted Tor the i,y nil-
lion Bank and oppose this plan, on the ground as
snned stop at a mole hill, sler having stepped over
Pyranees an Alps, an Andes, even Chimbogazo, the
highest pinnacle Of Executive power. No gentleman
had stated what he was willing to vote for compro
mise He woad state that he would take that part Of
he plan which proposes TO safe keep and dsburse the
revenue That part Of the plan pretty much the
same in principle the Sub-1reasury, though ii was
no, so economical To that part OF the plan, then,
though il was not economical as the Sub.Trcasury
he would not object, BY way Of compromise. lie would
not vote for any bank, Government circulation, that
was no, based dollar for dollar, specie.
Mr.. w dweIl At much length on the operations O.