Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-04-18
H.. p.oof Of ne Turks If TIC Whigs !.

Tho wake. The article begins with saying.
| an has ben repeatedly asserted by tae Locoioco
,,;,,s tia, Mr. Jefferson at all times OF his ne
pnn,s,dto e Bank, and they rely upon his ar2u-
~, ,,ns, the incorporation Of The first Bank 10 sus-
,.;n them. The VIII lie of THIS argument is based upon
The suoooston that there were other means OF carry
,no ON, the several powers with regard 10 me coee
,;oo s,f,xeeping and disbursement OF The revenue III
h;h cass he thought it unsafe TO bring in the inc-
ao,al ,,vers thus granted. What would have heen
h ooin,on. had he lived to our day, and witnessed Inc
successive and sigma failures OF the Pet Bank sysl'n
and the Sub-Treasury we venture to say aam''s % h
do,b We arrive al his CONCLUSION, from The TACT OF
m bavino in the year 1904 approved the bill Tor The
establishment OF ofench OF tue hfsl Y. % Da"A ~ Wv
| Territory Of LOUISIANA &C.,, 90,
The Wing then republisfes the law of March 2!d
ls0A-"A oproved, Tn. Jefferson and adds, "lf MI
ffr.on then were convinced of the uneonSutiondAty
or,be Bank by did he approve the extension OF IT over
onr territories and Dependencies. Is 1T not EVIDENT
Ina, whatever scrupes Mr. Jefferson may have at one
time of his life entertained had given way TO the convc
tons of inevitable necessity
This same law has been quoted BY the wire drawing
soph st the qubbng Nos on the Bank, IN the hicn-
mond Whig in his Sd No :,
Such is The statement. Now how plain tale will
put him down This argument is not new, but II
was urged in 1871 and then refuted by the lips OF his
own champion Call Mr.. Clay into Court
Cues You made speech in 1911 against the Bank oil
the U. Sa:es?
Ans Unfortunately, did.
O. You said on that occasion, that "Gsnlemen con-
tend that the construction which they gave to The Con-
sttution, has been acquesced IN by oil pates ana uh
der all Observation-Disclosures they rely particularly on
an act which passed IN 1904 for extending branch 10
/ New Oreans'"
I A. | did SIR.
@. Did you think there any thing in this argu-
ment in 1871
| A. am SORRY 10 say, ,ha, did not On the con-
trary then said, tina, "With regard to the ti's law
passed no doub; upon the recommendation OF the lrea
sury Department, won'd remark, that 1t was The ex-
tension Of branch TO Territory over which Congress
possesses the power of Legislation almost uncontrolled
and where without any constitutional impeachment, chaf-
ters Of incorporation may be granted
So much for Mr. Clay's opinion on this law.
But what says Mr.. Jefferson himself, when this pro-
position was mad? Had he abandoned his constitution
al scrupes as the Wing conends' So far from -that
in his famous letter he some OF the strong
est expressions he ever employed against the Bank
II is letter addressed, officially, t, Mr. Galatn, then
Secretary Of the Treasury the 18th December, lso3
in which he says:
Prom passage in the letter Of the President (of the
Bank } observe an idea Of establishing Branch Bank
Of the United States in New Orleans. This institution
is one Of the most deadly hostility erstinS against me
principles and firm IF orr Constitution" u
deem no Government safe which under the yassaiage
Of any selfconsue ed authorities, or any other aulhor
IS than that Of the nation or It's regular funciIonarie
What an obstruction could not this Bank OF the United
States with all It's Branch Banks, be in time of war;
Ii mi hit dictate to the peace we should accept, or
Withdraw ii. aids Ought then to give further growth
to an institution so powerful, so hosie:'
His difficulties overruled. perhaps they were. i'm
properly in the of few weeks, the question
Of erpediency, what reason is there TO believe that his
constitutional scruples had given way None IN the
word. In this very letter he spoaks OF the Bank as
one Of The most deadly hostility existing against the
principles and form Of our Constitution" Besides, look
further on, and hear the declarations he continued 10
.ko D. tba ,,t,1 Sfnfar H. tbn
midst Of the war of 1912, when some Of the Rcpub
cans gave way from the panic and pressure n lie
son. and when their Yielding prepared Inc way fr The
Bank OF 1916, MIR Jefferson stood firm with his old con-
situtionaI scrap!es lie writes Mr. Eppes, November
6, 1913, Us follows
.After the solemn decision of Congress against the
renewal of the charter of the Bank of the United States
and the grnund of that decision (the rant Of constitution
al po,cer Ind imagined that question al rest and that
no applications would be made 10 them for the in
corporation of Banks. The opposition on that ground
10 its first establishment, the small majority by which il
was ovcrborne and the means prac sed for obtaining it,
cannot be already forgotten The law having passed
however by majority its opponents true TO The sacred
principle of submission TO majority suffered the law 10
flow through its term without obstruction During this
the nation had time TO consider the constitutional ques
tion and when the renewal was proposed they condemn
ed it, not by their representatives in Congress only but
BY express instructions from different organs OF their
will Here, then, might stop, and consider the mt
mortal as answered.. But. setting authority apart we
will examine whist Their the Legislature ought TO comply
with it, even if they had Tie power
possible that the Richmond Wing could have been
ignorant of this extract, Agaiu-sse what Mr. Jeffsr
son says in his letter to Mr. Giles, OF December 1895
lie, (Mr. y Is speaking Of the Federal Party. (,he
true descendants OF Zebedee,) your present Wings,
whether they be The uld Federalst, of john Adamss
day. your equally rank but modern Federasts, and
some OF the lecl elite Of the Central Wing Commit
tee, who stand up TO defend the name of Alexander
Hamil,on, and VINO, being once in their own eoncet
the true States Rights men, ard -Proclama onists
nave gradually slid INTO he OF Fed-ralism-and
who, though they charged Andrew Jackson with
attacking State Rights, have been gradually betrayed
by their feeling and political alfntes with Henry
Clay and the Federasis, into decided opposition
to The States Rights doctrines, the old Ftderasts
MISUNDERSTANDING the extraordinary phenomenon
Of The lesven Of States Rights working itself and
ing and degenela:ing into The extreme of Federalism
Mr. Jeferson refers TO the Clique OF his day, and it is
equally applicable 10 the Clique Of The present blessed
year Of le14
"Under the power 10 regulate commerce, they assume
indefinitely that also over agriculture and munuac-
iusee and call il regu,tion 10 take the earnings OF
Of those branches Of industry, and that, too, the
most depressed, (Alr Jefferson, Of course, means
ugrlcuure) and put them into the pockets OF the
other, the most fourishing of all, (meaning manu-
/" features
81 doubt, whether single fact, known to the world,
!" will carry clear conviction 10 it, OF the correct
ness Of our knowledge Of the reasonable views OF
the Frde-a party of that day-as that disclosed by
6 this neiarious and daring attempt disclosed
/" by G. Adams TO Messrs. Giles and JeffersonO to
" discover the Union, of winch the Hartford Conven-
" ton was subsequent chapter, and both OF these
" having failed, consolidation becomes the first book
" of their history. But this opens with rast access
" sion of strength from their younger recruits, who hav-
" ing nothing them of the feelings principles OF
" &c, now look to single and splendid Government
" of an Aristocracy, founded on Banking institutions
i" and monied corporaiions under The guise and coah
Of A.r taro,ei branches Of manufactures, commerce
and narigation riding and ruling orer the pundered
p'o"ghman and deggmed yeoman. This ,eiH DC to
" them nsrt best essing TO the monarchy of their
" fist uim-und, perhaps, the sures stepping stone
't TO II"
| Here are MIR. Jefferson's most authentic and ma-
tured opinions : his last will and testament!
It is futile to say, as the Wing contends, that Mr.
J. was driven IN 1904, to Bank by "irreslsble
necessity, because here is the remarkable fact, that II
is IN this very eIt,rto Mr. Gaatn he shadows forth
the plan of Sub Treasury He says, nsa substitute
for National Bank, Gould not make beginning
fawarda an independ ent use Of our own money. To.