Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-03-25

=, over EuroPt and acknowledge the power OF inc
h ;,ra.ti9s l" ,c not ceased in cur country ~
Nc. The e"'. ,n, and render our citizens IN some
/ TIE "v'N ,,,nendaries on lis bounty.
az chcr s.t n,rtv. taking advantage OF me eur
he oi ZION Of The people and oil ''le u
Sss'' o,r commercial relations We. dah,
-, before ~" o., dollar of our heVo!nuona'y o
\ qt. o. iae .stIsh,d Bank of the u >, unoef
\, been pa'"' ~ sustaining the credit OF me VIZ
H. double "' ,cl,ev,nn the people II was afsusu
r,mfni qua ,b., the powers OF The GoVernn'e",'
be-, IS ",| s,trtion, were not aoeq"a,e ~ ~,
4 = the i""S" ~, -erennes, without the aid OF
l.. ard d'sUC' ,bo were permitted as stockholo'
ttw cay "-,h,c money, TO lend 1t To the peoP'''
l. % NeP :, had been collected a"u 10 .u'"'s',
/ IN V''] and the Government IA Tue 'oi'' VI
the tt'g' o,ss n circulating medium or suosll
h. pronsso: g,s arrnmen, OF privilege prevailed,
ic' money 90, authorized 10 Use the credit and
e" c. ,,.,re,uinen, for their own exclusive,
| .'onsy {" ~ Asan equivalent for these powers
vac 80. comment on the few, the many were
u'e'Ted y .r,or satisfactory security, to borrow
n;'isa' Ca ccrno,a,ion, or 10 exchange their own
c'eo' OF w sIl endorsed, for the prom'ssory notes
IN sso't t redemption OF which, no individual,
NJ pans - ,ny individual, was bound Inc Io-
TIE cry authorised the stockholders OF 'h's
ef capital and cred'a as wen Us ''S
and credit but 1t became partner ~ pso ,h
"A ,1,ars
zef rem ~l WAS cited then as now, 10 show the
kaS '' Ius sn,h an auxiliary to Government IN
n 'eHel'' In order TO furnish what alone
t'el' '' = r,t. the British precedent complete,
: N""'' ,I. States were assumed, and national
II c'o' ~ - nv many 10 be a national biessng)
n ,P'o|,,,b' She'd The same party soon enacted
al INV AGAINST foreigners, who, attracted by
II - -. merry here, and repused BY tear ct des'
" "'iV Ln.s bsd souch, refuge in the U. States
Ism q, laws aeains, the freedom of The press
,,,r., The freedom Of speech. lhey organized
7.miss - ;.me OF peace, 10 awe tue c'''|e"'
I6.,S,:c,n pa-,v resisted these sggressons-
az ~ ,,q nsopie we're ;iiumphantly indicated
-, Of .,r' Jefferson. Though our foreign
'' ..,.,s embarrassed By unexampled difficulties,
1.. domestic prosperity was frequently checked ny
..r.,,ars or oar commerce, the country enjoyed
.s,e.a tor a period Of quarter OF cen
,5 ,fh The exception OF some unfortunate
-. ~, Government adhered TO the Repnbi' :
1, nb TIE FEDERAL party no longer existed un,
l. .,,,p.ne lis scattered remnants now assumed
more imposing title Of National kepnoiicnns'
r., which many Of the doctrines Of the elder
-, viewed IN the administration Of the younger
40. Trese doctrines Involved, IN various plausible
ssea;ions, the right of,he Federal Government to
late the domestic interests Of society, and to as
a. o,ye-s whca had been either entrusted 10 the
,ss alone or reserved TO the people. heavy pup
s5, had bsen contracted by the second war with
"a, Britain, and great private embarrassment re-
vi from the suspension of commerce. Under these
ns.snc,s a second charter for National Bank
:'orted fran the fears, after It had been TeJec'eu
| .5 cdgment Of the country. ooo
,.,ba first time since its signal triumph in lS00,
as2rbl'can party differed IN l3ci, as 10 Tue toue
.s,srr,nr It's candidates for President and Wee Ere.
~, TIE consequence was, that the election de-
I'd ami The House of Representatives, and politicians
.. President for the People The peculiar c,rcum'
"a, -,s under which this election was made, the tact
10, bs choice of the politicians fell one who had
.scs,yed the largest popular vote, that thus was ei
s,,j by combination between the friends OF two OF
h ,.sc,eG candidates, whose previous relations had
-, such a. 20 render this combination unexpected,
N some respects unnatural, the decided National
,sblcan east of the administration which ensued,
,a.-ibuied 10 unite the Republican party, when
I arnalv t.iumphed in the election of Andrew
aes,s1
ia5nc TIE may questions which rendered his ad-
n ..,f1or one Of the most even,fu IN our history,
.1cled more interest, or involved greater conse-
er,rs than the .echarier Of the L. ). Bank. For
,ey for the rights and interests of the people, this
4.ao was now presented under circumstances more
able 10 calm reflection. The public debt had been
,5a-red under General Jackson's Administrations
h minds of the people were left free, 10 consider the
If which the banking system, IN our own and
a. countries had been The source; and TO conlem-
~ those Greater evils of which II capable, ii not
scksd This system had become licensed monopoly
subGc wrong and private fraud, which seemed TO
aws. public opinion and morality al open defiance
,ssnned 10 itself the high perogatives, not only OF
dating the profits of labor and capital, according TO
,s n fictitious standards, but of controlling the opln
- we'll as the fortunes Of the people. It's influence,
.so,.,,ed in the hands Of the few who managed
Ntona Bank, was extended through the agency
s branches and IT'S power over the State Banks, IN
i-.,qrs mad over every interest OF the country
ears of direct advances Of money, 1t had made
osr felt in the halls OF Legislation and justice IN
,.ess and n elections. Its intimate connex'on with
ys-Dmen, and with The business Of the people, made
b political engine peculiarly adapted 10 The designs
hose who sou rht 10 use both for their own exclusive
.vaa.ere BIZ encouraging private and public extra
a.aace It p7ofesscd 10 lavish wealth on the people,
"a +; ony bss,owed bouu.es on its few iavnrtes,
% guard The re-cnue Of Government by using 1t
! b. o-anef'y Of corporations. This combination oil
safe and political interests have made the strugg e
r.; and doubtful.
isi tie United States Bank been re chartered under
Aon ..ltion Of Je kson, the veil might not have
% 50 9rn removed from lis at.ocous rapIns and
,,e;Y II might have continued longer 10 WELD
faG OF EMPIRE and 10 lis rottenness under the
9age appearance Of prosperity. Its present victims
w have escaped, while more tasdy but not less GER
,l,a would have overtahen others IN their stead.
Those who had been gambling with the private
.sace and public credit Of the country, might still
s,ar3e as tinancicrs OF consummate skill and in
:'y Those who flied the country with paper cir
,l5o destined from It's own excess, TO inevitable
.eciiion might still! be hailed national bencfac
Tie ey!.s which have come upon US, might have
postponed 10, averted. What the country now
and fees. would have been seen, and felt later but
accumulated Disaster The moral and political
agion viich now atll;cts the land-lhe decay and
-; total destruction Of private and public conf
the disregard ol charlottesville crimes OF per-
j 1d pecull'i5a, which, a people, we so much
70. have been brought TO iigh:-but they have not
q eau'ed by tie exposure O. the true condition Of
ban lag system. Had they been longer concealed,
would lave struck their fatal roots deeper into the
y aud prosperity Of the country, and we might
teca reused from stupor, when ii was to late
10 more than repent Of our folly.
nled On most practical measures, the Republican
Heie divided IN opinion, and, unfortunately, IN
Gals2, on some questions which arose IN General
,s-as edmlH stlallon These divisions have con-
zee 10 lho present time, either 10 men or as 10
''ials u some measures Involving more the ap
'.oh OF principles, acknowledged as common, than
'-e,cll ci9aIencc as 10 the principles themselves
ape asatryed, when all who profess the faith of
Republican party can unite--when, warned by
experience Of The past, and by present dangers
lao longer permi, personal or local preferences
~ :.'ces, or shades Of opinion merely, TO obstrpct
''-at ;c-union, 10 perpetuate the grea. cardinal
i'ns Of institutional Liberty, on which alone our
'-42.cla Government can rest forever, the pyrc
% lis base Let US not recur to the past, except