Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-11-17

H6s'us Speech at .4ndocer, Massachusetts,
he public have felt much curiosity TO know
. y Vi. Webster '.was to co., we have made the
sag extracts, enough 10 show his present opinions
ard 10 The great political measures of the day
Why's and Democrats agree, that the speech is
", .p'ri!!ess affair, unlike his bold and giant eff
when he tie Ajax lebanon Of the party
!, le was he "God-hke," and his nod shook the
:, Wig nation to its centre. .No1o, he is content
cover from his false position on any terms, and to
4 he ranks as the lowest private. Every honor is
sn and The door to promotion is rudely shut
lace How the mighty fallen . We wish the
. or Of this return of the "prodigal SON. They
inls!a and nurse him kindly, lest he again de-
he FEDERAL camp, and leave General Clay in his
F'::rset They should, especially, keep down the
| d The L chmond Wing, who was for kicking the
ITO; and "mcral leper' out of the party, and
's feeling; a,e, perhaps, not yet sufficiently cool
:'*n 70 Welcome him with very cffactionate en-
BE- Bl, athe extracts:
/ 's,a': 10 a National Bank Mr.. Webster SAID
ssree that Congress has the power TO regulate
'sf'e, because the words are in the Constitution.
agree that Congress has the power to coin money,
/ Ag the value of foreign coin, because these
f. IL III the Constitution. But then, there has
ia' there u, wide difference Of opinion as to the
= sac1 are and a-e not, and which seem to be
a'r'rlo.e from these grants of power. Now,
easa a ;egard 10 this matter, which has so long
as; hs country, and which will continue to ngtate
ny 4-man,, until 1t be completely settled, we
s:'n upoa general principles, and we must con-
.',sves to Just conclusions by careful process of
f.:'lon nave just remarked, that Congress has
ser to com money and to regulate Commerce.
+'Ss' also 10 its own bills of credIt-Trea-
''ss sand other paper at pleasure. But the States
.n no money -can afiix no value to money--can
fr IA. NJ lt1 c. shAa A4r,
o. ae Constitution the use Of paper as circulat.
ae'.9n has become almost universal, the question
L i''-s on what Government, on what power, does
c'''i'e the care and duty of experimenting this
f. ei:gaton. That's the question. Now, it is my
~ s'n'iemsn, and has been for many years, that
4 's Gaiy OF the General Government to take care
St'frncy oil the coun.ry-to suPesintend tt
a' u1srrnment has a duty beyond the coming
'-'hat the power 10 regulate Commerce does give
tess authority over that great instrument of all
''ee-in'oey, whether that money exist in a
shape or IN the shape of paper medum-that
''fl 10 see that The actual circulating medium of
-n'ry Is safe for the uses Of the people-that if
to ,aae the place of coin, then Congress is
@:se That such paper is under proper regulations,
as and such as is not likely to deiraud and op
'.s people, and deprive them of their just earn
,'a smy opinion"
"ease' then proceeded to state three propositions
''A'datons of his opinions upon this subject,
= '.nS''a;ed a, some length, viz
ast IN the present state of society, paper money
GOES make, bat will continue TO make the great
~ Circulating medium;
'"'' II IS very desirable that some part of this
A'ney should be received with perfect credit
~ VI tue country; and
oirAa paper currency of universal credit can
FINISHED by State institution 'but, said
IN hp ma
lag whole country, and furnish 10 the people
"ohey with the credit Of that Government,
al has the spread eagle upon it, il is every
'-Sh,wiedsed And this IS in the nature fittings,
reasonable, is just, for the people of all parts
la'ry are acquainted with the General Govern
M recognize The currency it has established.
: gentlemen. where is the power-where is
's When | say that it is in the power Of
4 : 10 regulate commerce, 1t is derivation from |
AE possesses authority to regulate that which |
rat agen. Of commerce. money. Congress,
ne power TO regulate coin; and, according to
''''ons matured judgment, the General Go
o. chose business it is to furnish the metallic
Z e, country, has necessarily the power of
'as; shall take the place Of that currency, if |
y a'sd by paper money. will not, gentlemen,
"a The constitutional question. Suffice it to
- Coe'a! with the Constitution itself, this power
.'ed TO exist. They who made the Cons,itu
ia: aoabt it Gen. Washington didn't doubt
,a'lished National Bank for this very pur-
vas at all events established with his sane
'Fca'fence. Madison dida doubt it; and |
sn 'ecanse II has been intmated that he did
0nst',ulionality of National Bank
49, seniiAmen, do not say-I never have
X.t,St,a Bank of the United States was an
,,,... agent, whether for the good of the
10 80. a.. OF The prosperity Of the people. All
80 - IS that it is the duty of the Govern.
'x,g 's s ea;c Of the currency and in favor of
eb.nen' of Bank for that purpose, it can
'een trled and that, generally, for thirty
-t,.S. with success. On the other hand,
d., 'aal remark to make on this subject, be-
~, i9m 1t. 1t is now seven or eight years
'ar, pace IN the Senate, declared, that al
L: nay conviction that this was good mea
-L''a'ed to promote the prosperity Of the
20, i'm, Inv nevertheless I, made up my mind in Gen,
's mat il was not worth my while to pro.
@r.5s.. : nnent of another Bank until decisive
ss ,Se 'o' 1t By the people. remain of that
nave SAID further, and on more recent