Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-02-04
REMARKS or MIR. TAYLOR or MlpDLrsEx,


Delirered in The Senate Of Virginia, on the lSh Of
.January-im opposition 10 IN .?ct extending HE
provisions Of the .ici authorizing The Banks 10 issue
!SmdH .iOitS.
Mr. SrKAKER:-l beg the indulgence of the Senate,
whilst shall attempt TO give expression 10 my oppo.
stion TO the bill before this body, and in support
of the motion submitted by the Senator from Nottoway,
for lis indefinite postponement. But in doing go, II IS
not my purpose design TO attempt an elaborate and
heightened discussion No, Sir; should be dlsheart
ened from the attempt, even If capable OF doing full
Justice the subject from the consciousness that the
Unanswered ard unaEsv cradle arguments delivered OIL
another fuor against this bill, were Insufficient TO
ensure its arrest and defeat. feel, Dir. Speaker that
no thing which may say here, can cause different
result The alliance between Bunk and Common wealth
is too intimate, 10 permit 10 indulge IN any such
hone When this connexIon shall have been dissolved,
perhaps The people may receive at the hands Of their
representatives, independent course of cgisla.
ton, and approach 10 even handed justice. -
But, Sir, standing before this Senate Us did before
generous and coufdng people, with feelings oil deep
rooted prejudice agalnat the banking institutions 81 our
country growing out OF the settled conviction, that
their operations have had the most baneful influence
upon tie morals industry and prosperity oil ilie con
,ry a. large and believing, as DO, that the bill new
b-f5rs ~ is but bantling of that system OF !egsaton
which is but too well calculated still further to entail
n,on us Spurious and worthless currency, | should
feel under such circumstances, that should be want
u in self respect, and III proper sense OF oblsasion
10 the and wishes OF those who sent me lere
were to fail to my efforts, however irehie they
may be, to arrest the further perpeluaon oil this eT
Mr. Sneaker, is there be no limit 10 our acts oil
lerislaton for the control and management OF these
Banks Is there to he limit IL our overwesnng De
sire to anticipate study and consult the wishes oil lhese
Banks? Or, would enquire is there TO be no saoily
or ,urnnss 10 nv of our uarou3 acts t. regulate and
manage these institutions: Sir, for the Inst SIX or seven
wears the acts Of Banks have been bu rerc;tion5
Of violations Of their charters, and an unnecessary De
uar,ure from The spirit and design oil theis specieu
MOVERS And, Sir, session acts but too lamentuhy
show that the representatives oil the people, curing Inc
whole Of their time whose province Il was, not only
TO enact wholesome laws for the regulation OF every
department and interest IN society," bnl TO see ihaI
those laws were faithfully and rigidly adhered 10,
have been not less wiling 10 pardon ana overlook
their transnrcssons, than the Banks have been to
disregard and violate their charters. But, SIR, II The
declarations CT gentlemen here and where are to
be believed this application comes not from the BANKS,
but from others aided and abetted By gentlsmen who,
however orthodox whilst soliciting the smiles and sup
oort of an honest and confdng people, now engaged
in reyoking their limitations oil restraint upon
these institutions, and offering them The strongest
Involvement TO perseyere in the enoruy OF their ans
deeds.
Mr. SPEAKER i had in common with The people,
generally throughout the country INDUCED The hope,
HAT the paraonins grace often extended 10 the
Bank for The repaaed violation OF thci! charters,
and the length Of lne allowed them a. The last sess'n
prepare for a permanent resumption oi sitce pay
mcns won!! at least have afforded us some little res
pie from the necessity OF again attempting to do thai
which we have been 80 lru,essly doing, nnd undoing
at every succeeding Legislature, for lie last six or
eight years Eut Sir, the presence Of this bill bnl loo
orciby admomsics Of the delusion OF such hope,
and but the more strongly confirms me in rly former
impressions, that the part which We have played
towards these Institutions, would have been better
suited 10 the capricous whms Of children, than 10 lie
sober deliberations Of men.
But il is sad, hr Speaker hat We must pass this
bill or else we cause withdrawal Of some four or FIVE
hundred thousand dollars from already too contract
ed circulation II these Banks be in this healthy con
d,on, which their friends claim FOR them, Why this
cautious and parsimonios dealing with the community
Why this eleventh hour prudence and c'rcunspec'ons
IL they he, as alleged for them, stronger than hereto
fore, why this alarm al substituting the same amount
of specie or notes Of larger denomination, for that
which they knew only intended TO be temporary,
and designed only 10 facilitate their resumption