Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-01-23

that !, cannot he found a. all lati,ude of lmpca
ton and of CONSTRUCTION which must necessar ly De re-
sorted 10, Il il t1ere, must dononstraoiy prove
fatal to all written Consntons-because IT would ne
leave III, riyhts of which it supposed to
be the safeguards as unstable their tenure as tSey
could be- held subject to the caPcious oraces OF Inc
| Pvha or the arbitrary rescrip's OF an emperor. Tue
inc rpo.a,ion of Bank, The exercise of po,cer a
great ss the raising Of army navy and necessn
Tlv carries with IT. the right TO pass all laws conseiuen
upon the grant Of the charter IT conceivable, thc
the trainers of the Constitution, could have lett such
power-a power of vast aud comprehensive magnitude
I, be hunted out Of $50 crack Granny OF The Con
s,itu,ion bv the light OF The magic llnhorn OF con
slruct;on, No. They were too honest 10 deceive
too wise have granted P0ner, the exercise OF wct
they foresaw would prove fatal TO that liberty WIN en- "
was the great object OF all their holy ibors TO establish
One word as 10 s eXpsd'ency. Wesay I, cannot ne
necessary. as means of facilitating the commerce
and xcha between the States OF the United States
| which is comparatively sma-because we regard The
analogy as perfect and the fact as Notorious, ta Tue
agorsgate trade OF whole United States, with TO-
reign countries is now, and always has been carried
ON without any Bank. If them the export trade and
the import trade of the conederacv has always oeeh,
and is now successfully carried without the inter
yention of a Bank, how Bank be necessary
means for carrying on the commerce between Tue
States?
But can The friends Of such Institution ever nope
10 establish one under favorable auspices, IMAM
those cuioycd by the late Bank OF the u STATES =
During twenty years, lis frends had every 'ac''''y
granted them that they asked for. The capital was
fixed by then--they exercised Unlimited ana whoiy
IRRESPONSIBLE powers for they shut their doors III 'ne
face of all euquires-they had directory oil their o"
choce-and President {Mr. Bddle,) VINO was 'auu-
ed throughout the length and breadth OF the ia"u' a.
the greatest inancier of the age 10 dreet us "Pe'
tons The Bank Board sat III conciave VI tIs'l 'ai
BILE palace in Phladsl pa, and by scratch vi 'ne pe'
ar word, or nod, made The fortunes oI '"e''
friends or consigned their enemies 10 perjury D"' "
ne providence of God there is a n't at winch "u'-
der Itself will The whole establishments tie mo
ment il was exposed To the light oi day, tumo'eu '.
| ruins, The President aud Directors, me auiocia'' "
Yesterday were in the last stage OF pulfe'aetu..-a
| touch reduced them 10 atoms iD"ty-h.c '''
Of pod Yesterday dross to-day The cry OF me 'olao'
and the 0rphan bere Of the wealth wh'ch llt'' nus
bands and fathers had deposited IN the oahh IS "eu
in the and--they go weeping nno i'msht,"I So
the streets Such was The late Bank oil 'iie = 90
What homes. man can desire 10 see anolhet es'"os"
- ,c, tho same scenes over again Biddles physlc
was doubtless like the Evanselists Door, snee !" 'e
aonth" but the commissions OF siomacl' oi lo"""u'
sinking into hopeless rum, attest 'hl' u was aisO "
Ter in The beiiy" Aye! but the expiodeo Da"h wa,
not Bank of the United Staes-t was chartered
bv the State of PENNSYLVANIA. Now, how does 'h's
fact palate the dreadful consequences resulting rom
,,s explosion, Was not Pennsylvania 4 sovereign
State competent TO the grant OF charter: ~" sur
not IN fact renew the charter already IN exislebce
newing every privilege heretofore enjoyed by Tue
corporation-the same identical CAPITAL the same
identical notwithstanding iull power 10 'hs ae
President and Directors to continue all the opera
lions of the bank the same house, ana al le sa'
cnunier Did not Mr. B'dte proclaim 10 the woilu,
with The aooroba,ion OF friends, that the institution
was stronger than before; and cIctate lie stocHhoio
ers upon the dissolution of The legal connection when
had existed between and the United Staes-a con.
nectoD which h added, had always been injurious 10
bo.h But ,rptl IL mighty and viii ultimately pre-
val, Facts have long since bsen brought TO light,
wicl, demonstrate that tho institution then was, and
had long been whi'ed s-puchre, "iu'i CT rot
tenness and dead men bones.
4 Bank Of the lln,.ed States il probably the mos.
prominent Of the issues involved IN the approaching
Presidential election: and it is for this reason that we
would recall far possible in the brief notice which
We We taken Of the subject the attention OF evsry
true friend o. the free constitution, under which It is
our happiness 10 1--we, to the necessity oil opposing
with all his power, and forever.
4 Thrift for Protection The Republican party oil
Virginia have been, believe, uniformly and hrmiy
opposed 10 a Tariff for protection We believe
it TO he unconstitutional, impoltic, and immoral =
The taxing power OF the Government IS limited
10 the raising of money, to pay ITS necessary ex,
penses. II is iniquitpus 10 tax The farming and
pllnung interest, to raise money TO be disposed OF IN
bounlles for the manufacturers The subta'nge lately
resorted TO- of smuggling IN protection under Inc wing
of s not less objec,ionabe "Becanse by sub
hitting to Tariff having protection for its Object, no
matter how modified, whether incidental or primary,
discriminating direct, we surrender The principle,
and admit the abstract right Of the Federal Government
10 lax us for this OBJ jet alone
We had earnestly hoped that by rg.d and hones'
adherence 10 the provisions of the Compromise Act IN
which for some years all part es poiessedy acquescea
ia hnyc been saved the necessity OF again vindcahg
our rights on this vexed question 1t 10 one OF me "
sues however, 10 be tired al The next electnh ahu
bshooves US to be prepared for the contest The father
of the American system, after having soiemniy gwen
sanction the Compromise Act, and having pieds-
ed himself to adhere t. II, became the champion OF
his Wing brethren al the extra session o Congress Tor
is violation 1t deserves the notice OF every upright
man in the coinmunt9 that al the very moment thai
the pa.,;sanc o Mr. Clay adding 10 hs burhens OF
the PEOPLE, by augmentation OF the Tariff, he should
he writing letters she Son,h, denying the paternity
of The act of 1928, termed the bill OF aoomnnt'ons
and in fact, that he ever was Ill favor oi hign pro-
iective Iacilf.
the distribution OF the proceeds Of Tie sales Of the
Public Lards--a law which could never have been
passed but by open and notorious ior-ol'ng-is TO De
another Of the joined between the parties at the
No If election We utterly opposed 10 TINS scheme
because 10 reserve for the present the constitutional
question: it evde lla; its effects will be- after dis
tribu.ng the peoples money IN g'aues TO the states
then 10 tax the people II replace tior the TACT IS no
torous that such has been the effect of the late iar'i
net, increasing the duties almost IL the point of proh-
hlon that the revenue of the Federal Government
falls Annually some millions short OF its expenditures;
so that if the land money gwen away, 1t must be
eplaced in some shape or other.
we regard Distribution ds lHe VI Tue ms
sumption of the debts of the Statsa measure already
avowed the oor of Congress- as the object of some
of the Wing leaders, but upon which the party has not
as yet specifically committed at IL simply because II
thinks the public mind not yet prepared for It. The
very idea of such proceeding ought 10 kinde the in
d,cnation of every freeman. The debts OF the States,
added to the dsbt Of The Federal Government may be
safely estimated at go /, $50 millions Of dollars =
Where IS Congress {, get the money 10 ray these Stale
debts: Assuredly there is hut one method-ax a'on-
direct odrec., upon the psopls When did the pee
pie of Virgin 4 transfer to Congress The right to tax
,hem 10 pay The debts OF Mississippi or Pennsylvania
The idea is monsirous. Upon Tbs issue, then, surely
the people, the ,.S-paYers arc with ns
We are osoos d 10 The exercise of the power Of In
,ernal Improvement by the Federal Government, be-
iev,nc thai i; is unconstitutional.
| We wcrc opposed 10 The passage Of The Bankrup;
law NJ. Clay voted for lhlt ubiquitous law, in palpa-
Die violation the Instructions Of the popular branch
Of The Leei,.:ure Of Kentucky whose representative
he was. Iaw many millions Of debt were conscated
under The operation of that law, have Of
Judging. But we hold it t, be sound morality, that
once debt always dsLt, I'll j; is paid!
i We are opposed 10 The doctrine "ttat public debt
IS public blessing, any more than private debt is
private blessing. 1t is policy 10 see the expen.
ditures Of the Federal Government, brought down by