Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-10-19
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RICH MON ID, VA.
saturday Morning. October 10. 1914.
ANOTHER MONEY KING!

ANOTHER MONEY KING!
II is now established beyond question, that tn
election OF Henry Clay will be the precursor 10
another attempt 10 establish a Mamnolh Ma
tiona Bank lie himself will scarcely cehy inc
fact and, if he were, his Raleigh speech VIII
stand up TO contradict his acclaraion, ~ ~ ','1
startling document he even puts The pohcy oil a
National Institution upon the alarming ground
Of lis having been adopted by all the nations oil
| Europe-as if our lmiied Constitution were 10
( be construed upon the analogy OF their mohar-
chical insli,u,ions-and because they had an
established Church, that the United States must re-
sort TO a similar system. a NATIONAL BANK
is therefore, part and parcel OF Mr.. ola! ae
sinns He tried il at the Extra Session OF 1911,
when he was headed by Captain Tyler and he
will ,ry il himself should an unrigh,eous coalition
nalm him upon the nation, as the next Chicl Ma
a.israte of The Republic. Ii becomes Us, then
we'll 10 consider not only the unconslliutionailly OF
the measure, but lis dangerous consequences al all
times-and the want OF any apparent excuse lor
It's present adoption. Ii cannot he pretended now,
as il was in 1916 that the State banks nave s's-
pcndcd-that the currency Is vicions, ana lie eN-
changes unequal Certainly. there is no shadow
Of excuse in the present condition OF the currency,
or OF The exchanges forsuch monster; for, never
was The one more solid or the other more equal.
And. in fact, il il had been olhcrwise-i we were
brought back 10 the embarasslnen,s oil 1916. we
hold il would be most unwl>c 10 violate The iunda-
mental Constitution OF our Government and 10
tascn 4 permanent monster upon Inc country, iol
the purpose of applying an Immediate remedy to
a temporary maady. Better would II have been
for Mir Madison in 1916, TO leave Nature 10
cure herself. instead OF calling in such phy>i-
elan as Il National Bank. The people would
have suffered much temporary inconvenience and
much serious distress, before the ship would have
rshlcd herself; but everything would have come
straight by degrees, precisely ASH has done, during
the last four years. without eEtailing upon Us The
evils Of 50 formidable a corporation. But after
having passed through this period OF ibulaiion, 10
talk oil living to ILLS that know too well, 2"
by establishing a Bank. is really the extreme
OF iolly We would be creating new ina
lady for fear OF the uncertain recurrence OF
anoher-which, happen when it may, admits
oflhc same remedies from the same saeac!y, pru-
dcnce and economy, on the part oi The people,
as have contributed 10 alleviate our recent attacks.
What should we think of the Commodore, com
handing the Constitution, old lronsidcs, who when
the storm ragged, and the waves rolled mountains
! high when every sail was rent, and every spar was
/ strained, should swear 10 weather out the Storm
and stick To the hull of the noble ship-and vet,
when the storm abated, and her sails had been re-
paired and her maSts and spars were all sound
and the good vessel lay like swan upon the
quiet waters, should take the alarm, apprchend
the coming of a new tempest, and command his
crew to desert the Constitution and take 10 The
long boat for safety? Such was the figure which
Mr. Patton exhibited in his noble speech al the
Eychanse-but diycstcd, oil course. Of all the
beauties and graces with which he embcished
the comparison.
Under a solemn belief, therefore, that Mr.
CLAY is decidedly bent upon the establishment Of
another and more powerful and formidable
National Bank-and under an equally solemn
belief that such an institution is Incompatible
with the Constitution, and that it is OF deadly hos
tillv 10 the best interests and the liberties of the
country, we deem il our duty 10 bring the CUES
ton again before orr counlrymen, and 10 Gedi-
cate a large portion of the precious interval, be-
tween this day and the lth OF November. 10 the
exposition OF lis dangerous consequences. For
this purpose. we shall commence on Monday
with powerful article in The August No. Of
the Democratic Review" and will conclude il
the next day. We cannot too earnestly invite
the readers attention 10 the subject. Let them
Judge the future hy the present, and read in the
history OF the last Bank the. mischies which
| threaten us from s;'nildr institution.
In oonneXion with this matter, We avail oui-
selves of an editorial article in the last "PcerS-
burg Republican," Ii furnishes another Illus
lration of the unfair character of "Thc Fair
Proposition" Gifts author. The Republican says
THE Fair Proposition BY citing Mr.. Craw
ronl's letter 10 Mr.. lngcrsoll in 1881, Tin which
he states, that his opinions on the Bank remain
unallcred, endeavors 10 produce the iass impress
sion, that the authority OF this great >latcsman's
name is on the side OF the Bank Blu, in his lei
| ter to AIahlon Dickcrson OF New Jersey dated
Woodawn, Feb. ilh, 1893 and published in The
Augusta Consti,utionaist OF February 10Th, 1893
/ he saws" (bu; in place of merely giving the ex-
tract which the Republican specifics, We prefer
/ giving the whole OF w. b. Crawiord's admirable
| and manly letter)
| from the Macon Democrat
lillian IT, Crarjord's Letter. 10 NJ. DaeLcrsOa
! dcclUQtorD Of his Geejdcd belief IN the UhcOnSti
tniioaal,ty Of United States Bonk.
/ We have seldom been more surprised than to
| learn that the existence gennincness or authenti
city of that document had been called in ques
! ton We should as soon have expected Henry
| Claws former dennnciaton OF the United States
| Bank. or that OF Daniel WebSler's of The Tariff
being denied We referred 10 it as matter ot
such general notorieiy that It's insertion would
be unnecessary, though il was then before us in
the Conslutionalist. We have addressed note
to the gentleman editing that paper, requesting
republication of the letter; and shall not relax
our search ill il is generally before the public
Want of space prevents the detail OF Mr. C.'s re-
marks when conycrsing with ourselves on Yates
secret debatcs-which we per force defer.
Extracts ofa Letter hom William H. Crawford, NJ
Georgia, 10 iIolRon U'cicr0n. al -Neir Jcfau,
dotcd Uoodtaara. Ftbrnarg ], 1888, and copied
front The Coastitutiona'iS. Of Elb. - 1888
ii admit. that fthe United States were govern
cd By consolidated Government, the power TO
regulate commerce would, in the absence of tho
| journals OF the Convention and Mr. Martins re-
port have authorised The protection OF manuiac-
lures II the State Governments and State lines
were obli,eratcd, the protection OF manufactures
might be effected under the power 10 regulate
commerce, because it has been done 10y most of
the civilized States in the world. Bul the Tariff
I is clearly measure of consolidation and 80 are
measures of internal improvement which have
! been carried on by Congress without the shallow
of authority. II is this reckless legislation OF
| Congress that has produced the present alarming
crisis in the affairs of The Union, and The present
| is but 4 commencement of difficulties of that
kind unless speedy return 10 the true principles
of the Constitution is effected. The difficulty of
wardino of the blow aimed by South Carolina,
ought 10 admon>h the Federal Government of
| the necessity OF moderation and rigid adher
cnce to the powers granted, and such as are me-
ccssarily incident 10 them, and without which
| they cannot be carried into effect. The publ;ca-
ton OF the journal of the Federal Convention, and
other documents connected with il, has thrown
much light upon the powers OF the Federal Go
vernment. verify believe, if they had been pub
| llShed before the organization OF the Federal Co.
vernmeni, neither the Bank of the United States,
The assumption of State Debts, nor 4 Protective
Tariff, would have ever been found in the Fede-
raj statute book.
''When | made mp M opinion upon the Banl,
question in 1911, that opinion was founded ex-
clusiyely upon the Constitution The publica-
ton of the journals which have now perused
for The first time has changed that opinion. You
| formed Your opinion of the protective system in
the same way, before the publication of The jour
nal, and probably without having seen Luther
Martins Report.
Review, besecch you, the whole ground: lay
aside during the review all preconceived opinions
upon the subject, and entertain hope that we
shall agree in the conclusion. You say the re-
venue may be reduced TO the necessary expenses
Of The Government by reducing or entirely abol-
ing the duties upon unprotected articles; that this
course will relieve the nation from a large portion
OF its bur,hens, and ought 10 be acceptable 10 all
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