Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1848-10-03

popular understanding JAW i'f'
= machine for the corruption o, the Legislature
for he observed that man could be governor y
ono II two motives only, force or interest
force he observed, in this country was out u
the question; and the interests, therefore, OIL ''0
members must be laid hold Of to keep 'hen' :"
unison with the Executive. "He then reviews
this financial system. First was the iuh''ne
.,s,.u Certificates of debt had been issued 10
the public creditors during Inc he'o''''o
These had been accumulated IN the hands oil sP.-
c,,l,tors. who by fraudulent representations III
,n,,v instances. had purchased them Tor lit'le OF
nothing. Jefferson thought that 'here 'us"' =
he discrimination between lhesc sP''''"'
and Inc original creditors Ham'l'o''s S'"'"'
discrimination. When it was ascer-
80, that this scheme would pass, "the base
scramble began. Couriers, ana relas horses y
land. and swift sailing pilot boats oy sea- were
sailing ia all directions" Members Oh oon-
cress and their associated agents, bought up
this paper even sometimes as low as TWO s''''
lines in the pound, before the holaer hne" '''a'
ts REDEMPTION was provided for. Immense
sums were thus lilched from the poor ana sho-
ron, and fortunes accumulated by those VINO
had themselves been poor enough before. Ncn'
Tins enriched by the dextcrity oil leader
would follow, of course, the chlel VINO was
leading them to fortune, and become the Jealous
Instruments of all his enterprises" Inc mex.
feature in this scheme was Inc assumption vi
.bo State debts-"the more debt Hamilton could
rrke I'D. the more plumber for his mercenaries'
:. "Stil the machine was not complete nc
effect of The funding system, anu inc assuihP
ton, would be temporary-t would DC iost VII"
the loss of the individual members whom II mao
enriched. and some engine of influence more
permanent must be contrivcd, while these myr'
midons were yet in place, TO carry II through an
opposition This engine was the BANK or HE
UNITED STATES "Here then was The
real ground of the opposition which was maze
TO the course of Administration. It's oDJec'
| was 10 preserve the Legislature pure anu inde
pendent Of The Executive, TO restrain inc AZ
minstralion to Republican forms and prlnci
pies, and not permit the Constitution to De con-
strued into monarchy, and 10 be warped, II
practice, into all the principles and Pollution'
of their favorite English model
Thus We have Mr.. Jeiicrson's own exposition
that il was by means, not Of The veto, bu! oi Inc
funding system, the assumption OF Stale debls
and the u. S. Bank, lha, the FeIcrals's designed
10 strengthen The Executive and 10 warp The 60
yernmenl 10 the form and principles OF monaf
chy. Which party at the present day adheles Y
those schemes? We had two ont OF lhrce-ih'
assumption and The Bank-denounced IN The re
solutions Of the Baltimore Democratic Conven
ton. Ii i, well known thai the only advocate
that either have are embraced within the VIII:
parry.
Il is b. these large appropriations. dishnrsedb b,
the Executive, that his powers are enlarged. |
was from this quartz, that Mr. Jefferson expect
Ell danger 10 our institutions. The veto may al
rest these schemes; il cau never induce lhs.n.-
General Jackson, by The iEterposlion Of the veto
arrested The internal improvement projects, whei
there were bills before Congress 10 appropriate
two hundred millions Of dollars Love OF powe
would have persuaded him To withhold The veto
and y rmt the appropriation in its fullest scope
81 air. Polk contracted his own power and iniiu
cncc by vetoins the river and habor bills an
Inc French spoliaiions bill. Blu, Tor thus arrest
Ing measures which were 10 concentrate influ
ence in their own hands, they are denounced a
adhcrcu,s al the zone man power"
The large Taylor Wing meeting in New York
on Wednesday night, denounced the "undu
exercise of the Veto power coudemn tn
| financial plans of the present Administration
| and squirt at National Bank; avow thcmsclve
| in favor Of Tariff for "protection" and Of in
teraal improvements; and declare that on Ere
soii the Wing party stand where they have a
wam stood, and will not desert their position 70
another, supported by single prop, and lha
| OF doubtful character" This Free SOL mcetin
was addressed by General Leslie Combs, fror
slave holding Kentucky! OF course, we cXpeC
the Wing to denouncc these Iauior factionis,
| and disunionists with rs much wrath and bill
terness as il did the Ciav New York meetin
which passed no Free soil resolutions, bl
| whose presiding officer avowed himself Ere
soil man. Ii there be any consistency in III;
journal, il will storm and rave against the RI,
soil Taylortes Of New York.
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