Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-05-09

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nave conferred homer and benefit tie country There
- strong crunta ;oT reging that such system must
haze innate incuraoie defect Of which no le-
gsaiion can c!vest IL, and agaHs; which no human
ais9on eau gna!t, or human integrity sustain itself
Inc history ol the past however leaves little roor,
oi doubt, that paper money some form WILL no,wit,.
SANDING continue TO constitute part of the cjrcua
ing medium oil The country Blu, my most sincere and
arden. wish is, that its issue by the Federal Govern
men may IN all future time, be prevented. The lights
OF experience have in vain been dfused-the lessons
OF repeated and widespread ruin have been unavailng
1t there be any who yet can bring themselves TO believe
mat the Government Of the United States which pos-
seSses nothing but what 1t receives from the people
can testow On them any thing other than what il has
thus eceiTed. II IT contracts loans the people must
pay them-and II /; issues paper money il must be re-
deemed by the people. How, then, can relief to the
people be- derived from mourning Obligations which thew
the mselyes must redeem
Bn!, ~ addition 10 this deception, might al,nos. gay,
fraud on the people, there decisive objection 10
the issue Of pager currency by Governments, upon
whatever principle It may be founded. The expe.
renee OF all nations, where this cxpedient has been
adopted, demonstrates that this preroga,iye which
vii always be abused. 1t gives amos: unlimited faci-
liles for raising money, and has every where led 10
extravaganza expenditures, public debt and heavy bur-
thens, always increasing and never diminished -
where extraVagant appropriations can be met by
mere vote OF Congress, and without immediate re-.
sort 10 the pockets OF the people " III be found
when the Government. finally loses is credit by push
ing 10 excess J, Isl then, that 1t acts upon the
peoP!eior, this. great resource being exhausted the
whole smprrslructure OF credit falls on their hands
and they mus. bear 1t as best they can.
The history Of the cid continental money issued
under ext gences that could alone justify such mea.
sure, is one case in polnt-thc present condition of
many Of the States is another, ana both together fur
nish ample illustration. In addition TO tins facility in
supplying immediate demands, paper money being the
cheapest OF all manufactures can be made will
occasion requires 1T is not the product of labor like
the precious metals, but of the mere WILL and NAV be
increased TO any extent that human crcdulity will to-
lerate. Hence, the RICH. of Government to coin mo.
ney out OF silver and gold, is the only prerogave re-
serring 10 that subject which be safely exercised
because these metals cannot Be increased diminished
Ike paper issues By mere act of legislation.
To insure econcmy in public expenditures it is in
dspensable, that those by whom they authorized,
should have SEINE difficulty and even serious respon-
sbIllty in obtaining the of de!rayng them In
M other way extravaganza he prevented since it
is the nature Of spend that heedlcssly which he
acquires without effort, and 10 think little of that
which costs little trouble to gam
have dwell mere at length that part Of your in
quiry which relates to National Bank than | might
otherwise have DONE from belief that you look upon
OF the most vital quence TO the public
welfare. In this entirely coincide with YOU. Such
being the case, ii seems due 10 you, well my
s~lf u say that in referring 10 the public declarations
have iereioo'e 'made his subject have been in
gree influenced by any feeling of dissatisfaction
al the repetition Of these inquiries the present
sion. So far from this, mos. highly applaud the
iiglened patriotism Q! the Democracy of Indiana, in
se,zing an occasion so appropriate that Of APP
proach,ng Presidential Election, TO require
rites, that the principles they themselves cherish
should be carried TO their fullest extent and more
especially on this all important question.
am not ore OF those who believe, that the long
cherished project of re-esahshug National Bank is,
or ever will be, abandoned by that party which always
has been, Still; is, and eyer will be, the advocate and
support of such institution. Ii may lie dormant for
season, from conviction Of lis being inexprdient
10 revive II but he must be blind to oil Indications OF
the future, who, seeing that at the very period
when The old Bank was injecting The very
breathed with its corruptions and when public indig-
nation most heavily weighing lis long series Of
delinqucncicsat that very moment successful effort
made in both Houses Of Congress IN create
similar institution, should nevertheless lu his eau
ton TO sleep w:th the delusive idea that the project
will be abandoned Most assured,y, nothing but
the stern vigilance of the Democracy will guard il
agains; institution which may thus be prostituted
the ruin of individuals the disgrace of the country
and which, while SO limited in lis power 10 do good IL
SO potent for the preparation Of evil.
DISTRIBUTION OF PUBLIC LANDS
The tenacy with which our opponents adhere 10
the Distribution OF the Proceeds Of the Public Lands
among Tie States, in the present condition OF the
Treasury, is political anomaly, which it is not
little difficult 10 explain to reconcile, with fair
understanding oI, proper regard for the in
teresls of the country. II any apology for il be
made il is 20 be traced to tia, unwingness to ABANDON
IN the face OF their opponents, position which has
been assumed with confidence, and supported with
earncstness-an ndisposition from which but few pc.
litlcal associations are altogether exempt Whatever
may have been expected from the measure by its au-
tlors or however plausbly deceptive lis theory may
have been, at period when the country was threaten
ed with the evils incident 10 overlooking Treasury,
subsequent experience in regard 10 the working Of
political and financial systems, ought long since
have satisfied every rejecting mind, well Of lis
Ter nutty of relief 10 the States as Of its
destructive tendency 10 The stability and welfare OF the
Union. AS the matter stands, and has Tor years
stood, presents in the former aspect the simple
question: whether the people OF Ike States can possibly
bc benefited by receiving into the State Treasury
certain sun: OF money annually, TO be Immediately
collected from themselves in The shape of upon
what they eat, drink and wear, with the addition of
the expenses of collection. Every attempt give tie
any ether tenable aspect has proved utterly
unava'iing. II is certainly paying but poor complI-
nent 10 the capacity Of the people, to suppose, for
moment, that they could be brought by any preext,
however plausible 10 stn.tfy themselves far to
adopt proposition so preposierous. Can any Intell-
gent mind hesitate in giving 10 il prompt negative
And any patriotic fail 10 regret that The charuc
Ter of our people for intelligence ard sagacty in The
estimation of mankind should be exposed hLzard by
the grave and coniiausd agitation oil such question
before them
II car, after this, ind after whn; | have heretofore
SAID upon the subject, be scarcely necessary repeat
that am opposed 10 the Distribution Of the Proceeds
Of Tie Pubic Lands among The States. The best ev.
dencc can give you Of my present opinion, in regard
The proper disposition OF the public lands to refer
you those which avowed and acted upon by
Wills, in office, and which were very fully stated
in my first annual message TO Congress, in December,
1897
TARIFF.
NJ views relation 10 the Protective System, were
also called for by The Shocco Springs meeting in 1899,
and freely given. A conyIcton that the establishment
of commercial regulations with view to the en-
enlargement OF domestic interests, is within the Con-
s,utona power &C. Congress, was, on thu. occasion,
distinctly cvowcd Bet, holding this opinion, ], at the
same time, denied the prorrie;y Of exercising this
power in calculated 10 oPpress any portion Of
nv fellow citizens or 10 advance the interests Of one
SECTION o.. the Un'on "a; the expense CT another on
iae utrary ali, ind it 10 he the duty Of those who
entrusted with the Administration Of the Federal Co.
vernmcn,, 10 direct rs operations in the bsst
calculated 20 distribute, equally possible, its bur-
hens nd blessings among the several States, and the
people thereof In addition 10 the declaration Of these
general views, suggested more specific rules for the
of The Government in this particular by the OBJ
nj vhich halieved fhoca ,;au.e u.orIJ bo