Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-10-29
1881 81
Nett proceeds. l.2020 OH 20

Nett proceeds, Sl,202, OIL 30
Thus. it appears, that lands must be sold 10 Il
much larger amount than fifteen millions year,
20 give virginia one million. and that many years
will probably clarse before We should he able In
receive under this law The half OF what,ae Wigs
wonld promise to place al our service. But this
is oniy The first step in the objection The great
est difficulty is vel TO come. If you take all this
land money out of the Treasury, how are you 10
supply the place of il! We take ii for granted,
that in this free and enlightened country, no more
money is TO be raised from the people than the
Government really wants. II you give away 4
portion of the receipts be il from lands or duties
YOU must supply The remainder from some other
fund. That position seems clear enough Now,
if we take all the land money away, We must
supply its place bv duties. Well, who pays the
duties The people-plincipally The great body
of the farmers oil the land. What, then, Is The
amount Of the whole II you give halt mil
lion to the S,aicE you mus raise bali million
from The pc0p!c-iiay you must raise more. lon
mus. raise enough by duties, 10 pay also the cx-
penses OF collection and distribution You must
do sill morc. You mus; make The farmers paw not
only that sum on all the foreign goods which they
consume, but they must pay the augmented price
on all the corresponding manufactures that are
made AT home because the domestic goods will rise
10 the same price with tic foreign fabrics. Are
the people prepared for this imposition ? Will
they consent 10 enrich their own State Treasury,
by paving much heavier tax themselves -
What is the sense OF putting dollar inlo one
pocket, called the S'e'eS, in order 10 take iwodol
lars out Of the other pocket, called he Peopie'S
This is really paving too dear for The whistle and
is the very climax Of hnmbu@gcry.
Bat Messrs Clay and Frelnghuysen will also
give MS a National Bank make money more
plenty, and prevent lis depreciation. Ii an: thing
could satisfy us Of the folly Of these humbugsers
il would be The bodncss Of such assertions. They
first violate the Constitution, 10y fastening upon us
an institution "of the dcadlies, hostility Ia our IL
berries we are 10 have money as cheap as
if. as the children say, il grew upon trees. What
does Experience say upon this SUBJECT What
does il say now, when, without any National
Bank, the ship has righed itself from the storm
the currency or the Exchange never was better
than il is mar! But what did experience say I'M
der the late Bank of the United States! Did il
make money more abundant. the currency more
pure and the exchange constantly equal? We
produce the two following evidences ut The con-
rary-and we leave the humbuggerS to settle the
DISPUTE with their own organ al Washington. and
with the Cashier Of the Bank itself
The National Inlel!igcncer OF November lih
1915 SAYS:
"Slocks are down, down. while the rates OF Ex-
changes are advancing at a rapid and unprece-
denied rate The currency is in confusion-ruin
and bankruptcy meet us on every hand The do
mcs,ic Exchanges never were worse, and scarce
" ever can he The Southern bills are almost
worthless at the North. and, in the West, are in as
nearly as bad situation. What is 10 be done
We know not. TnF UNITED STATES BANK can
AFFORD Us 30 RELIEF, IF EvES n SHALL EE ABlF
To STAND ITSELF"
Mr.. John White, the Cashier Of the L. States
Branch Bank at Baltimore, addressed letter to
the Secretary OF the Treasury in February, 1890
in which he gave the following picture OF The
country, from The very date OF The charter Of the
Bank
Looking 10 The peace a short period fresh in
the memory of any man. the irrcteied state Of The
currency, for two preceding years, cannot he over
looked-lhe disasters Of 1919, rhied scriouay affect
cd The circumstances, property and industry Of amy
district ofhe U. s., ,rM tong be remembered. A
sudden and pressing scarcity OF money prevailed in
the spring oflS22-numerous and very extensive
failures took place \. York, Savannah, Charles
ton and New Orleans, in lS25-there was great
CONFUSION among the Banks and other moneyed
institutions in The State of New York, 1896; the
scarcity ofmoney among traders in that State and
Eastward, in the winter OF 1897 and 1928, was