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

money institution, district rs that which Their if's
| dent p'cvor.'y p:o"ouHe,d a.d the coa''S' was sup
posed TO be forever Terminated.
MOI sn did the fact prurc. So far from rstiflha from
the Political arena and commencing 10 wind up lis ei
fairs, Tue bank was found 10 and increase lis o.
forts To control the public mind, BY lis power over NE
credit and the fortunes oil men, and 10 use Ge p'i'f
money III lis keeping TO control the Governments ssii
or enIbarrass ITS operations and obsruct lis progress
OF the panic Of 1884, The expansion of 1888, ana The
scenes which attended and followed each OF those steps
Of policy the part of that all powerful bank, II Is
not necessary now 10 speak. The consequences oil
these and like acts Of Tie ''gfeat regulator are, at tbs
moment, resting upon the country with weiSEt 100
crushing TO render il possible that any be itsesIbe
of The visitation Of evil forget the causes ut so
recent origin which have brought this paralysis upon
trade and industry, capital and credit.
The second bank, though beaten and rejected by the
country, did not, like The irsl, go into qudation but
continued lis operations and rather expandsd Than
contracted TO the last day Of lis legal existence, as
National institution; and then by process which would
have been crcd;able TO nggers than to the bank
crs of great nation and free people, took refuge
under State charter, with The stultyng boast from It's
chic officer thai lis strength had been increased and s
bufhens diminished by It's entire separation from the
National Treasury.
1t is needless o.inw The history Of this second Ma.
tional Bank further. It's hual and utter failure and
bankruptcy followed loo closely upon this vain and
empty boast, ard spread distress and ruin too broadly
fair country, 10 require that the close Of lis
history should be written in address to the present
generation That portion Of It's history is too deeply
engraven upon the hearts of The innocent and conid
ing sufferers, and has too deeply alarmed the patriot
sm and aroused the consciences, 0! The citizens gene
rally, TO require its repettion TO propose TO The country
10 pass upon the question Of third National Bank,
while the fraudulent and corrupt if not swindng trans
actions Of the last, are almost daily furnishing
and astonishing developments TO surprise and motIfy
lis most attached and creduous friends and advocates,
and more than realise the wofg. predictions and fore.
bodpgs OF lis opponents
One good result however, can scarcely fai! to follow
from this most wicked and disastrous experiment OF
great national money institution 10 compensate future
generations far II may for the suerngs and losses
of the present. The intelligence of The American pco-
pie cannot fail TO see from this sad trial. that National
Bank is inc pedent, the Republicans believe il
to be unconstitutional and it is an impeachment Of
their PATRIOTISM as we'll intelligence and integrity,
10 suppose that any considerable portion o! eemen,
will again Intentionally, VISIT upon themselves, their
posterIiy or their country, another similar institution,
with equal powers for evil, and equally faint promises
Of good.
And yet, strange 10 say, in the face Of this expe-
rience, and while the mIscheis wrought, and the
frauds perpetrated by the last National Bank not
half Developed and the losses 10 be sustained not
even proximately measured, new institution of the
same character is the darling measure of this ancient
l
name oi Wing. Indeed, cinpba,Icay is this party
welded 10 a central corrupt, and corrupng money
power Of this character that the country has not been
nllowed the period from 1885, TO this time 10 The
fate Of the old Bank, but the Presidential election of
1910, as IS now avowed, covery contested upon
this issue To cheat HE electors into the choice of a
Bank Congress, fortunately for the country, il
became necessary 10 play so deep game that the
players themselves ms,ook the cards, and while the
proper Congress secured by the fraud, President
rtpHh y upfn Raplr
iefs OF their Congress. Hence, and for this
cause alone, has the country been called to witness
triumphant party, within the first half year OF its
power itself pieces, and neglect the great and
suffering interests of the people to carry on bitter
and terminating warfare between its members and its
own chosen head
Thus nlled IN this masked Iovement for Bank by
! the COMPLICATION OF s fraudulent game, the same
party takes the field without disguise; places nj
It's heud lis prominent Bank advocate and champions
and uniUIs lis banner openly, inscribed with Bank
Bank !. A Fifty Million Bank =!
Snch has been the desperation ul The late Bank;
snch The reckless appropriation and the use CT lis
means and IFS CREDIT IN the open attempt TO WELD the
powers aud c"nlrol the polItcs OF the country and
such las been the pernsciiy Of lis advocates and par
lzans 10 renew and continue IL, or TO obtain new
charter for similar institution with enlarged capital
that The Democracy have teen compelled to advance
larher and to take higher ground than upon any
former occasion. And 1t belle we'd 10 be the sell
in every State Of the Union, in any future system
OF political frauds any e1ertion of The posef Of
money, snch prac'lseG IN lSi0, shai! again
secure Congress, determined 20 fasen such 4 Bank
upon the country aud which Shall he able 10 succeed
that ngerous exercise of assumed power, constant
~ 10 INSTRUCT lis representatives III the National Legis
ature 10 repeal the charter, and to continue snch m
slrucons until they shall be made eectunl. No prn-
cipr is better settled by the highest judicial tribunal
of the country, the Supreme Court of the uni,cd
States, than that public law not even the charter OF
public Incorporation passed by legislative BODY
can be- made irfepeniahic iy and IN
nj The charter of National Bank by any Congress
hereafter The undersigned consider il certain that
The Democracy shall obtain the ascendency during the
ME of the charter that the institution shall be sent into
prompt liquidation, with entire abrogaion OF all IN
ture powers and privileges except ouch as may be ne
cessnry existing rights, and 10 permit speedy
and final close of rs affairs.
Such the undersigned consider Tic issue between the
two great political parties of the country III regard to
National Bank, and such the positions occupied by EACH
and they but follow The spirit Of their principles and
The principles Of their party when they avow 10 their
opponents and The world the sentiments Entertained anu
the course 10 be pursued.
Resistance TO the unconstitutional exercise oil power
and the passage of the unconstitutional and lnexp dent
law, in every way consistent with honor, IT lneieciua
is 10 he followed By repeal. This the ground as
sumed hy the Democracy in ls4I, it az
cerained that Bank Congress had been elected, and
was assembled and intent upon passing bank charter
II is constitutional ground and The undersigned have
no reason to suppose it will he yielded TO unconsu-
tional legislation CT bank influence.
Congscsa prepared To look boy ond the express. con-
sti,ntoua grants of power, and TO find the authority
for it's acts in construction and Inference IS not kely
10 confine its encroac hnens TO single subject The
Congress- which found lis warrant in its construction
OF the Constitution, for the passage Of the Alien law,
could have met with little difficulty in coming to the
conclusion that the sedton law also constitution
al act.
So with the Congress last asscmbled having been
able, without scrupe, to derive from construction the
pow er to charter National Bank found no difficulty
in deriving, in the same why, authority to pass The
nanda,ans act, called, commanding The legislatures
OF The sovereign States Of the consderacy 10 d'voe
their respective States into single congressman as
rics for the election of members TO the House Of ne.
representatives., and imposing upon The people OF the
State, go far law Of Congress can d. Tor
citurs Of their representation in that branch OF Con-
gess, as penalty for failure Of their Legislature TO
obey the command This s an entirely new ene1oach'
.,en; upon the limits Of constitutional power, 81 oate
sovereignty and Of popular right MS act recsiseo
The pointed condemnation OF the Democrats 81 me
al