Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-03-12

CO.." with the power OF corrupting the press ana
sc,slaure to promote the politics OF IFS frenos,
u" n.ocure the renewal Of its charter. Shall we be
o.! ~ NIL the mischefs OF the tremendous explosion
Nsa lac Bank OF the United States Shall we be
|,o The warning words of Jefferson, that It Is "one
t most deadly hostility existing against the prnci-
. ,d form Of our Constitution, strengthened az
i lords have been by the subsequent experience
h,ys obtained from the actual corrupons Of the re
, ,sn, Bank; - : :. a..
,,lis,s promise you in return An equalization OF
i',b,nGes which are alone regulated by the immu-
,ss oil trade itself, that no Bank permanently
-, The Bank, which attempts il, under all CIR.
''-,nrss must incur an expense, for which II must
'n,,te itself out of the pockets of its customers,
gun, of the profits which its usurious privileges may
.s 40 receive Even this advantage must some
sen,ige the producing States of the mutual DIFF
! 80 Of the exchanges IN their favor, and reduce
~ N some degree 10 species of commercial vassal-
4 ,o,,e importing cites of the North But the sim
- -. that this equalization of exchange is no,c
4 -b, about BY the natural laws of trade, with
4 .ny such institution, shows that 1t IS not ne
u go. 10 produce or to preserve it. If our own
y r.b the rest of The world be free, even as
4 - onr regulations can permit and the metals are
,,sd 10 flow where they are most wanted, and the
,s Banks are properly regulated by State laws, the
r,,hsnge never exceed the expense OF
- ,,sc,ous metals from one CITY to another w hat
w. =, tho Wings Ger you safe depository for the
80 ,oon,ss-but they conceal from you The hagrant
,,,,ce OF permitting corporation to speculate AND
,s ,,s profits and expand the currency, to an aft,-
,l extent out of the funds oil the nation lhey Tor
, mind con, that its officers beyond your con-
-, .so,osble 10 your penal laws, whilst they have
49,, dor oower to refuse the payment OF their notes,
"a ;, sns oct the Government 10 the law delay, IN
5,oioy the use Of lis deposites. They otter the
Rank 20 you as resnator of the curreney-and yet
IN ibey can say of It, is what the address OF Their
hat TO rom xyll
~ conceded TO have reached desirable perfection,
b,n i. shall xpand and only within the same
.,ort ona lmls eIeluSipe currency OF the pre-
,s metals must, and would, under all circumstances,
~ HE natural and ineritable laws OF trade Thus,
sy virtually give up the whole question, by denying
s- monstrous Bank the power OF regulating the CUT
.sncy under all crcumstances Thus, too, they pal-
., y.h us in double sense, aud offer to furnish us
m insecure ncomplrt-, and uncoost tniional MODE,
wt1 a currency which can be more simply and GER
oy ottlined in the only mode "nnder all cir
elnsances, by The natural and ineritable laws OF
.ale.
What is the next great article Of their creed1 The
5 ot examinations the Tariff of ~, which they boast
Is lhe principal fruit Of their victory in 1910 They
,oess themselves ready u support "n principle and
:eial Must point out TO yoa the inJustc OF mea
.ire winch fosters the interests OF small class IN con-
.ld section of the country, at The expense OF all ne
..nsr classes Of the community? Mr.. woodbury., IN
rs late speech, which We most earnestly recommend
your attention. tells US, ',hat, as general principle,
the enhanced price OF the foreign article ana also Of
~ domestic article, is paid by the consumer rms
EQUALS here now beyond far revenue about foFy-
hree millions OF dollars yearly and as The manu'acu-
,srs constitute but one-elevenh OF the whole, ten
.vsnhs OF il is paid By other consumers and for the
sne of that eleventh As most of these Others
soar 10 the agricultural classes they being three
artns Of all population, the OF this
NOES burden is thrown on them Trust not the pre-
nces with which The Federalss idly attempt gloss
,set injustice Tney would cheat you into the be-
2, ll the prices of articles have decreased under
s.surs, which ororedly made to raise them to such
prce would enable the protected manufacturer {,
noao2oze TIE market at home. Their organ in this
tr now eagerly circulating some commercial tables
p:spard by of merchants, for the purpose oil
supporting the paradox We lay before you the true
,a $685. this subject, which suboin among the
;1coments appended TO this address. Ii is prepared
Under the eye Of one Of most enlightened mer-
slsns--ass,sied too by the lights OF of the most
inruiShed hnanclers in Congress The Wings will
confess that such paradox,cal proposition they
sroried, refues sef-tha if there a real fall
the prices Of our own market, below the prices of 81
Mir ar les abroad, II would only prove that pro-
al;ion all neceSsaru--and, that high duty on
such articles would only be wanton insult 10 the
c,asuu.er-for, that it undertakes 10 deprive him
d his right Of consulting his taste and inter
ISIS IN choosing an article, which the home and the
orsrn manufactures can furnish at the same price
Without even the pretext of the former standing
q need Of protection. These gentlemen further in
ga YOU 10 adopt policy they say, for the purpose
| 8 increasing the revenue-but the result of which
s BE- % use the words Of one of their organs, that
i, ~we y II make al we need within ourselves, and in
1 su!ungs adds, ''snH WHAT WE CAN. II is astonish
~ tlsy sill not see that for every additional qua
II anv article. which high duties enable the home
oqopo to force on the consumer, the less of the TO-
:.ya article will be imported, and the LESS revenue,
aetsfoe ill accrue to the Treasury They will not
;ss ehr that the less buy abroad, the less can
send therefor that if our exports were to continue
he same Tor time, the fewer would be the goods
re should import, under high Tar,ff-and the more
.,.rs W. should receive But this great accumula-
ton Of the precious metals in country would be
Unnecessary to Us, whilst foreign nations could lily
j .sNafa tn. drain of their space-and our commerce
ass, he redued lower, than the interests of the
lso9s the revenues of the Government would
.sF. These Federal projectors pay but a very
:1r com, mert 10 your understandings, when they
,sa., 10 flat,er you with a brilliant prospect OF
4 tlmss'lc market. Is !. not evident, that such
market cannot absorb the immense amount OF pro-
buttons which genial soil is continually pouring in
rgi .ap' What substitute can We find in 1t Tor the
extensive markets Of the old world The home market
would cous's. of comparatively few wealthy monopo-
IS, aud their aborers-asssted as they would be by
ha sanning iennies and the abor-saving machines,
sach consume none OF our corn or our meat. MI
Woodbury. has lately shown u.s. how even comparative
r YEA ~ bales or cotton WOulO De CONSUMER d.
hnns, { We were cut off from the markets OF Europe,
4 tie tel Us in his speech, that "the foreign mar
le took las, year 100000 bales, to only about 300,
eO Consumed at hoine--or more than seven times as
nGch and The rtester demands Of England alone are
s9ca. tina, she mak.s two hundred and fifty millions
worth yealy Of cotton fabrics, II our fortyseven and
H'i m!',ons--or five hundred per cent. more. He
els US that, Ito test by the actual Official figures, no IS
?'ory the home market has grown in whole quarter
on century, absorb all most OF our surplus
aappears that thus surplus, required to be exported
o ,orot our hands, is hundred per cent more
a,n twenty years ago. and, as before shown, the
'.Iega,e OF H. exported during the last ten years. is
aoe than double what the aggregate was in the prev
Gus len Even during the greatest height OF the duties
appears by the tables used on the other side, trou
i:2i 10 $50, the period when the duties began to be
'eGncad, the surplus instead of being more and more
esed up and purchased in the home market, in
:'eased from 43 GIL S94 TO S63 470-abou 80 pei
,sn Ahs OF progress in the home maTket taking
n al surplus,) it would not be effected t'l' dooms
-ig aud, indeed, would yearly worse and worse
'sead Of better and better" What then would be the
nsqaence Of thus quasi Chinese system Of esricton'
Our asrcu!tur,ss would be compelled toturn their abo
INTO other less productive channels They would carry
snh them much greater number OF ne'o producers
NJ The home market would furnish Of ncac consumers
M necessary fer portray to you the effects of this
tnnlshed commerce upon our shipping and our navy