Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-10-27
From The shel5yoills FIRE. Prts'.j

| UNITED STATES BANK.
In our remarks upon this subject, in the second No
Of paper, gave the opinion OF General linrri-
son, embodied in letter, from Mr. Rives OF virginia
to friend showing that he opposed to the charter
Of Bank, upon the ground Of lis unconsutnonaiiy
and not being necessary 10 afford Facilities TO coni
merce Below, we have given the opinions at several
Dustin sushed persons the subject, which we wish
our eaders examine for themselves. In the hssl
place. will give The sentiments Of Langdon CheeYes
the second President of the Old United States Bank
as to the powers OF such an institution. lie Gays
81 am of the opinion that National Bank WILL NOT
AID, But EMBARRAss the restoration of the currency
and that Afterwards it would be an 'ns'iiulion minute
iy dangerous, under many circumstances and IN many
views.
81 admit, that under rcry wise and circumsPect
mana it might be an useful institution but il
ia as any thing depending on human action,
and human will, that it will not be SO managed Be
sides have doubt, Congress has no Constitution!
power establish such institution and this, |
think has been the clearly expressed Judgment OF That
school al public men, who claim Mr. Jefferson as he'r
/ head nnd who have administered the Government Tor
almost forty years
"The institution Of the late Bank, was departure
from the principles of that school, badly Justified or
rather amely excused at the me-since, generally re-
GREETED BY them-und, finally by themselves atoned for
IN the best manner III their power by putting IL down
! Next We have The opinion of James Madison, with
regard to the constutonalty OF Bank. All must
admit, that he better able 10 understand The mean
ing of the Constitution than the designing politicians
of the present day, who seek by forced construction
of that instrument 10 give the power to The General
Government TO charter Banking interpretations
This power TO incorporate Bank) was proposed
to be vested in Congress- in the original plan, reported
BY the Committee of The Convention among the emu.
meration Of powers which now form the 9Th section OF
the LIST artcpbut that after three days ardent debate
on The special subject, IN that body the power was re
iecied and stricken out upon the principle that was
power improper TO be vested in The General Govern
ment.
Next, have the opinion of Thomas Jefferson
the father of Repubcenism, in regard TO the powers OF
Congress this subject Surely those who profess TO
be The admirers Of MIR. Jefferson, will give INTO his
opinions end contend for the of this power
by the General Government. Mr. Jefferson speaks in
language not to be misunde rstood and those who
honest IN their principles, must admit that he was en-
tirey opposed 10 the establishment. OF u. ). Back
! Hear what he says:
81 consider the foundation of the Constitution laid
on this ground that all powers delegated TO the
States by the Constitution prohibited by it 10 the
States reserved 10 the States or the people. To
take snglc step beyond the boundaries thus especial
" drawn around the power of Congress- is to take pos
session of ooundless field of power, longer sus-
ce ptble of definition. The rporaton Of Bank,
and other powers assumed by this bill, have not, IN
my opinion been delegated to the United States by the
Constitution.
at is known, the very power now proposed as a
means, was rejected end by the Convention which
4
to authorize Congress 10 open canals and amendato
ry empower them TO incorporates but the whole
rejected ind of the urged the debate
was, that they would have power TO create Bank,
which would render the great cities, where there are
preudlces ar jealouses on this subject adverse to the
rec-p on of the Constitution.
! But, 10 cap The CLIMAX, we have the opinion of the
champion of Whiggery-Henry Clayton this subject;
and should al! the rest fail forced 10 believe his
supporters will pay some regard to it. 1t may be said,
however, that Mr. Clay has since changed his notion,
and is warmly in favor of Bank We admit this;
his argument in opposition to Bank, when we take
It in connexon with the opinions of the wise sages Of
our country, some OF whom the trainers of our
Constitution. Mr. Clay early mbibed his principles
from the school of Jefferson, and better able 10
know the sentiments of the Republican party at tina,
day. Men may change, but principles cannot. VIVA,
the Je.ie9sonan doctrine then, must be the same
now; and II III that the opponents vi these pm
cpes, attempt To deceive the people under false colos
they will find them out and know, that while they
assume the name of Wing, they nothing more than
the old Federal par,y-the "same old coon land
they will most assursdy put the seal Of condemnation
upon them. Mr. Clay says:
1.-THE power 10 charter companies is not specified, IN
the grant, and contend is of not transferable
by mere implication. II is one of the most exalted al.
tributes Of sovereignty.
as to BE- imagined that power vast would have
been left by the wisdom of the trainers of the Consti
tuition TO doubtful Inference;
81 conceive, then, Sir, that not empowered b.
the Constitution, nor bound by any practice under it, to
renew The charter Of this Bank