Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-04-07

,;c;sn will make one remark In his political course
for the last eight years there IS much TO con
DENIM At the same time, wish TO 90 MN Inc justice TO
say that ia his administrations tar as he concerned
there many things TO approve; ana nothing chai-
enpes on. approval and admiration more than his vetoes
unon he ba nks and distribution. IL IS nothing than
magnanimty to award praise to .polilca! opponent
/ where praise Is due.
/ THE BANKRUPT LAW
Is another of the healing measures of The extra
sion But the country has. to some extent had an
opportunity Of testing lis BENEFITS, will be saved The
trouble of remarsing upon al length Voed against
H. and for liz repeal; and proud 10 know thu. my
course in that regard meets with your hearty approba-
ton | could not see the applicability Of such mea
the evil to be remedied by that session, as sci
forth by General Harrison could not see now was
to aid the ureveane and finances Of the country, ill
an empty treasury; nor could view 1t as Of
relieto The people True, 1t would ansoive many from
their debts; but very often, their discharge would in.
vove others and instead OF oeneft TO the country,
served spread wider and deeper the general distress
which then perYaded the land. Like every man OF hu-
name and proper tngs, sympatbze truly and deep
~ with the debtor class OF the commnhlty-with the
unfortunate aud the oppressed. desire TO aid them.
Il would gladly alleviate their suilerngs, and better
their condition. But was unwilling TO DO SO by CIV
inn my sanction to a law which nteriered with, and
DESTROYED vested rights: which not only "impared,
but annued contracts and set Tor naughl the obsa-
tons thereby created much less could vote Tor law
which enabled the pnworthy TO Piunder he worthy citi
GEN. which induced and even rewarded fraud, corrnp-
ton and perurv Yhlch "hwartcd the States in their
domestic policy and disregarded their legislation on
the subject of nsovencies-a law which destroyed pub
lie and private confidence, and brought an unnecessary
pressure upon the country No one can douo that such
have been lis effects. The creditor abroad would not
indulge his debtor III this country, when lie did not
know !, What moment he would avail himself Of the
ad an tares of the Bankrupt law The wholesale wonld
press upon the retail merchant Tor payment, that he
mig ut be able 10 meet obligations resting upon him.
TIE latter of course, thereby driven TO collect
pr onp,y and rcidy OF his customers and they save
themselves from rnin press each other' general
rush epsues; every man becomes distrusiful Of his
neighbour and trying TO save himself rom the general
wreck refuses 10 give credit indulgence until the
whole country is IN one universal ierment And thus
IL is by our Improper and recsess legislation here,
destroy confidence; create panic which lilies upon
the Wings Of the wI1d TO every spot and corner oil this
broad land taniing, corrupng paralyz'ng, and, with
the power Of the wrrlwnd, prostrating every business
interest directly remotely connected with, or de-
pendent upon, trade Tor commerce. 1--WE have fallen
upon evil times" fear some strange enchantment
has come the spirit o dreams, and that we see
through n glass da.ky. II should not be cause oil
ongatulaiIun that have invaded The rights oil the
citizen; that we have entered tho sanctuary of the
Constitution; rejected and violated its holy nnncons;
that have abrogated and discharged the obligations
between and man, growing out oil private contracts
teaching by high example, total disregard for,
and reputation OF, them.
TIE PLaS A. ExcHEQrER,
Recommended to Congress by President Tyler, de
serves q passing remark, two l could not vote Tor
ill., Tor several reasons,-some of which will here
mention. 1st IL kept up the odious connexlon be-
tween this Government, in the management OF It's
nances, and the banks authorized the dealing IN bills
of exchange ut the risk and upon the responsibility OF
the Government; authorized the issue oil exchequer
for
having the specie in It's vaults with which 10 redeem
them | do not touch upon this subject, however, 10
discuss It's dement's, but To exhibit 10 The
country the OF the Wing party IN regard 10 IT,
Who peg not remember the charge made by them
during the administrations of Genera! Jackson and Mr.
Van Buren,, that the purse and he4swod were united
in The hands of the President, and the awful conse'
quences the liberties of The people forelod and de-
pcted: And who could have supposed that they ESQ
soon after coming into powerl would have torn down
and demolished the checks and guards wh'ch they
found existence for the safckeePng oil the pubic
money: The deposite act, by which the public money
was put into the State banks, though an unsuccessful
experiment. in financial point of yewD placed it be-
yond the Presidents control, and strictly guarded II
against his use; the Independent Treasury law put II
entirely whou, and beyond his reach, and made It's use
by any OF the officers of the Government, other than
in pursuance of law, high crime, punishable IN al
exemplary and severe manner. The latter was the law
Of the land when the Wings took charge OF the 60
Verument; and, strange TO say, they, al an early day
and before a substitute fully provided, repealed
both the independent Treasury and the Depos,e laws
thereby throwing the Government back TO the law OF
l1cg which, though good far as II goes tails 10 CO.
yer the grounds of their obi econ to the former ADMIN
stratons They have not yet put IN operation SUB
s;itute their excuse for the failure 49, that they were
defeated in establishing their invorte scheme by The
veto Of the President that the country must submit
10 the existing state of things. Curious determination
Because they cannot get Bank of the United States
they viii have nothing. Noble magna"'mons sent
menu May ask if that IS the dictate oil purely
patriotic or purely party feeling Your response, as
we'll as that of the whoe country, will be that it is the
latter They do not hesitate TO say that Mr. yer Is
corrupt treache ros and in every regard, incompetent
20 the discharge Of the duties oil his ONCE; thai lie IS
destitute of mental ability, as well as moral pFncr'e
And vet they choose leave the public money without
proper regulation, because they cannot obtain his
approval of Bank for its keplng; they refuse 10 take
Il second choice, and act if they would willingly see
the Government fail of It's original purpose, because
they are defeated in one Of their measures ana
stranger still is the fact that after they had good
reasons to believe that they could not have Bank oil
The United States, SGmsomhfc, they put their shoulders
the pillars of the Independent Treasury, and IN thelf
blind party Phrenzy, tore 1t down. burymg beneath us
ruins oil of the salntary laws restraining and guard.
ing the peoples money--leaving il, as they charged
in lo4O TO "Execuve discretion, 10 he controlled and
changed about at his bidding. They to have lost
sight of country in their mad and protess upon
Mr.. Tyler: and now, after they have (as they
neglect pass any other law for the collection, safe
keeping, and disbursement of the public money
When the Committee of Ways and Means, by vote
of the Wing party in the House, had that subject com
mi;,ed to their charge at this session. hoped they had
taken counsel of their PATRIOTISM and that they would
report some bill for lis better regulation. In that was
sadly disappointed. Instead Of doing so, the Committee
after long and unexplained delay, reported 10 the
House, for adoption the following resolutions:
"Resoired, That the plan Of an Exchequer presented
b,, nf cat he
last session. entitled "A bill amendatory of the several
acts establishing the Treasury Department, ought not
TO he adopted:
And very gravely debated it, negative and senseess
il WAS, for days, before they would take the vote
wasting the of the House and The money Of the
People, when they proposed, and even intended no.
thing by it, TO benefit the country Why dd they re-
port against that specific plan aud there stop Was
there one member ol The House who wanted iha. par
icnlar plan 10 be adopted without amendment Not
orc Had that committee no power 10 report another
plan or that one go modified and amended suit
them, Had not the President friends shown by their