Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-12-06
POLITICAL.
Fem tie G.Dse.l



The Cia, section OF Federalism, and now follows in the
wake Of Mr. Webster has just given birth to several
cabofac articles, 10 prepare The way for The tFeef
moveul.n;s al the approaching session OF Congress.
Tie irst of tie aficles 10 which refer IS most
eo9uea appeai intended 10 reconcile the Federal ma
inriy r,iuraed n Congress in 1910 10 MIR. Webster
Ills sfaliowed in Mondays journal Of Commerce, by
i aho.td article urging the adoption Of MIR Webster :
plan offnance that plan upon which Mr. Webster SAID
he c1;ld stake his putaton-assu'ng his Boston
friend in TanuciI Hall, Tia; il The skiIiul mechanic
could ely upon the implement constructed by him for
his work lie Mir. Webs,er) could answer for the tnan.
GA nnchinc he had provided for the Government.
al. Webster, being perfectly conscious, however.
that is paper money PROJECT cond never succeed @iti'
out t,e AID o his old Federal associates, the attempt 10
pr0t,ae them hy recurring his former services, and
h1 s;cad.ast devotion 20 Federal principles and urea
sres, very naturally! made t,c preface 10 The scheme
Urged them IL. adoption.
The appeal opens TINS:
"DA.l&L WEHsrFR.-In the contest OF lci0, Daniel
Webster indsputably the Achilles al his party he
licn led the assault and sustained the defence; and
all acknowledged him az champion and advocate oil
commanding and controlling vigor, worthy OF every
confidence, to whom their might be safely in,
trusted IN any emergency and whose industry and per-
severance had tired in their behalf. Ills Former
efforts aud his whole political life were nstanced az
models Of propre,y aud parity, of correctness and fore.
sight, az well as of !rrvor and devotion unsurpassed
aI5 un:quaed i'll our history. Has speeches formed
.he text book Of his political associates and every Wing
banner winch then fol.cd III yietory might have teen
INSCRIBED with separate and suitable motto from sen
timents first uttered BY him III defence and support OF
lie distinctive principles Of his party.
The appea! continues III the sane VEN, through n
long paragraph specifying the Federal Bank doctrines,
and concludes bv asserting that hc principles n the
y hs party of -iO cmphaiicaily The principles OF
Daniel Websier-every "ne os them; and were Upheld
and carried forward b. him with unsurpassed aby and
thoui doubt compromise, or hesitation, fnr !lar.
ter Of century. Such his position in Iciu. And
where do has principles d,r from those oil the Wing
party 10 day. Can any man answer that question:
What has he done oppose, what within h:s power
do has lie giecied 90 forward the interests Of the
Wing party since 1910 Can any man answer that
question
Thcy arc then reminded that the Rite Of the Federal
party scattered throughout the Union, look TO alf
Webster as "he first 81 their country; that
.9:.cn lie led The ie in the glorious campaign %!
La, thev all rallied 10 the rescue, ard hailed with
pride, and with 4 united voice, his views and his
speeches az the constitution Of The Wing party.
They are then told that '',hey know that lie lahored
zeaousIy aud assduously, haugh unsuccessin!ly, to
avert the ruin oi great and once united party and
are invoked to rally under his banner: Cor the article
concludes: They surely most know that to insure the
success of tie Wing party the union OF all those pro-
Tossing lis principles is Indispensable 'an abiding,
iratcrnal, sympathetic union
The Journal OF Commerce of Monday, spreads out,
on one of it, broadsides the aag under which Webster
Hirgcry Is now prepared to do battle for lis old credit
system cause conducted by lis great nancer q. the
Nicholas Biddlc school. We give he heads OF this
project, os cp;:nmizcd in the Journal of Commerce.
from the report first prepared by Mr. Webster Tor The
Treasury Department; and the reports oil
aiessrs rallmadse and Cushing, explaining upon ard
explaining it. Here is the new model which, 1t VIII
be pcrceived drawn with view 10 escape some oil
The objections urged agains. i. in Congress- in its ors
nal form
"rlcn for c ufckeepins and disbursement cfe patir
rercauc, for uniform currency, mt for facilitating
trojan ~: IN Mc L. S.
1.-The arrangement Of the currency and exchanges
in the C. s. has caused the ruin Of private fortunes
aud filed the country with bankruptcy; has paralyzed
is trade and industry, corrupted It's morals, and spread
desoalon over of the ares, portions of The Garth
"At the last session Of Congress, 10 restore and pre-
serve I sound system Of currency and exchanges,
pian was submted 10 the Senate and House Of Repre-
sen;a,ives by the committee Of which Mr.. Tallmadge
and MIR Gushing were respectively chaIfmen. othei
objects OF grca. public interest then prevented action
upon those reports. II hoped that subject so deeply
felt by the people, will command the early attention
Congress at their next session.
1.-THE system presented by these committees IS sub
sianally the in principle, although variant IN
detail. Without following the details Of either ! pro
pose submit the elements OF plan for pn5ic cons
deration in a form plain that lis principles may be
readily understood, and its value appreciated 1t is EN-
braced in the following provisions
al Let n national depository be established Mt the
goat of Government, and at such other places III TIE
L S. as may be deemed necessary or convenient-say
at New York Philadelphia Cincinnati, New Orleans
Charleston, Boston, DC.
all In each depository there should he two distinct
Offices, viz revenue Office, md an exchange Office
"Ill The moneys belonging to the I. 5. must be
kept in the revenue Office, and those belonging - 'Ed
yiduals in The exchange Office.
"lV. To each depository there must he snpeFin'
tendent, aud register 10 each Office, with such mum
Der Of clerks The business may require.
~. Each exchange Office must have the power .r
issue paper currency payable at the office at which
il issued hut the amount OF such currency mus
never exceed the actual amour. specie holden for its
redemption. The paper thus Issued should be in Tic
following form
twenty dcl!ars 10 specie, deposited II tie
Exchange Office OF the National DePosl-
tory in The City of New York
"New York, July 4, loi3.
ar Fem, Register J. Stiles, Snp't.
sTne issues will be Of such denominations may be
prescribed ny law, and everywhere receivable Tor al
dues TO the United States.
"vI No department or Office OF the National 20
vernmenl must ever be permitted TO make drafts either
an the revenue or exchange Office in the form of paper
currency OF To circulate such; but such paper mus
be made only by The superintendent of the depository
and register Of the exchange oce from which 1t ISSUES
"Tll The L. S or any person or corporation, may
deposi:e specie IN the exchange Once, anu e"s'e e
amount in bill or bills Of exchange or an acceptance
payabe a, some exchange Office, in the paper cur.
reicy hereby authorized no account must be opened
with any depcsitor but he musl receive the iui amount
Of his depnsi,e ct the time il is made
"vIII The exchange officer MIST cause such trans
missions Of specie from time 10 tme from ore exchange
Office 10 another, may te necessary Tor the payment
cf al! bills of exchange according to their tenor; but The
paper currency shall not be redeemed any other office
imam that Nv which it Is ss:ed.
ok II shall be the duty of the superintendent TO
examine the nditicn of each Office in his depository at
the times prescribed BY law ard at such other times as
the Secretary of the Treasury may direct, and make
report TO tina. department; and he shall have power I"
examine the officers and clerks OATH; end the revenue
and EXCHANGE officers shall be It III tines open - i.e
examinations by committee Of either House CT Con
g'ess.
az The superintendent and registers may be ap'
pointed and removed by the President OF the L >,
with the advice and consent Of the Senate; but may be
suspended by The President on The written co'afa,at
Of The Secretary o.: The Treasury, anil; he action OF The
H.. o,,to. sc hall