The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-07-03

is founded, are known tn be purely Democratic
that is, the object of,e Institution hss been to
promote the creates, possible good OF the great
est possible number of the good people of this
commonwealth and that the exclusive accom-
mediation of the people of Richmond, Norfolk
Petersburg aud frcderioksburg-th Bank ot
fcers-or Bank share holders was never though,
of as primary consideration, to preponderate
20 the exclusion losses aud prvation OF the whole
population OF this immense state besdes.-The
following check in the person Of the treasurer,
who must be an ardent, acknowledged Repu5l
can, will sufficiently manifest the temper of the
trainers of that law, nor " i we trust their sue
cessors ever abandon principles SO equitable and
salutary.
= And be IT fvthe, enacted, That for the we'll
ordering OF the affairs t the said corporation,
there Shall be fourteen directors, being citizens
or this state, elected yearly by the stockholders,
at general meeting to be held annually at Rich
mond on the Fl st Monday in January, for that
pu pose in which election the treasurer on
behalf OF the state shall have vote equal TO the
greatest number ofvotes which shall be given at
The said election on any three Thousand shares,
held by the greatest number OF stockholders {:
and moreover, the treasurer Of the state for the
time being, 0T shall be o6icic"
The readers of this paper alre ady sufficient
ly acquainted with the measures taken for the
purpose of obtaining for Lynchburg that Cash
and Bank accommodation, 10 which its
! merce so eminently entities it. The Memorial
OF the upper country on the subject is before the
public and sought and subscribed, with all that
ardof and anxiety, which experienced prIvaton,
hazard, losses. and Inconvenience so naturally in
| sp're When the necessity for Bank in Lynch
burg was fist felt, the comparative advantages of
! 4 Branch an independent Bank were maturely
weighed and considered and to the former the
preference was given, for the following reasons
never taking into calculation that the " insolence
OF ofce," or the Internal spirit of chartered mo.
nopoly, or exclusive privilege, you'd, in that re
publican institution, and in this Republican state
| dare venture to raise either voice, effort, a.
HainSt ire communion oil a right, alike the priv
! ledge of al
| A Branch of the Virginia Bank, I say, was
preferred for the following reasons
LIST Because the people ofths place and coun.
Try had become measu;ably Infatuated to the
| Mites OF the Virginia Bank so much distinguish
| ed both in design and execution for taste, ele
| gance and security as not to be readily counter
/ teited
| z The State had measurably guaranteed the
| solvency Of the Bank, and enacted that its Notes
should be legal tender in all payments to be m de
on account OF the state and that all public mo.
neys of the state when lying inactive should be
constantly deposited in the Bank of Virginia =
| with regard 10 knowledge of tine details
OF Banking, the people OF Lynchburg are precise
! ~ now IN the same situation that the Richmond
! people were, when the Virginia Bank was es,ab
/ lished- they know comparatively nothing at all
lkl. e.
vent OF the extension of branch to Lyncbbure.
a Clay or a Neke,vis might he borrowed (as our
brethren of Richmond had similar occa
SION SO successfully Prsctised from Pniladelphial
to set the M achine motion.
DIV ng the uneXpired term of the Vireini :,
Bank c. It r, the people here would have been
schooled .'ttlei they would have acquired such
knowiedge, practical and theoretical, OF lnkinp,
as would enable them to form correct estimates
OF the relative advantages of branch, an indie
pendent bank, and then act accordingly
! he foregoing have been the principal induce
ments, w!ya brasch was pettioned for, in pre
terence TO an independent bank But what must
have been the establishment of every independent
intelligent man in THIS country, who felt interest
ed IN inc success OF the project, to be told that
some bank officers and bank stock holders. were
violently opposed to the measure and had decla.
red that they would use every effort and resor,
te every eXpedient to defeat the project II ia
on this account only, and to ensure success that
resort is had to tins last eXpedIent OF an indepen
dent bank, as the commerce of Lynchbu,a nov
in amount fully million and hall annualiv' can
not be supported without some cash establish
inent OF tins kind-and 1t is with the most ner
feet confidence, that the writer of this article an
tcpates the success of the project either in ey
tension or IN tbs grant tol charter of an indie
pendent bank This confidence is based on -.
following grounds
lst Tie Republican Legislature of Virginia
can never debase, or degrade themselves, bV be-
coming the panders of faction-the tools of :.
ser OF money changers-or the mnions of char
tered privileged order-to the exclusion and de
tIment OF any portion ofthe people oil thu com
monwealth
=. Lynohburg, on the ground of principle ana
Justce, and under the guidance and Determines,
On or such legislature, is as much entitled to n
bank, or the branch of a bank, as either Rib
mond, Norfolk, Petersburg or Frederick b,rg
lprovdedI It's commerce ana capital possessed 60
| UllidT Claims and would .iIertx \
fmcastie, Staunton, Winchester, or any town in
.he wesi, under parallel circumstances Wede
~ any Chartered, interested banker or stock hoI
der, to controvert this position and principle
The Legislature of Virginia will, j, is ex
tpected, prove themselves, not only in this n,
stance, but IN all the great concerns of the STATE
Inc true and impartial guardians OF the rights. Il
interests OF the great body of the people. unin.
huenced by delusOn or Misrepresentation.
line principle will be discussed and the ouee.
ton decided, on its own intrinsic merits and evn,
diency, dvesied entirely OF sophstry, self mt.
est or party spirit
Shodld an Independent bank be granted. the
direction aad control will be III the hands of thns
alone, who will, IN all respects be Interested an
the success OF the institution & no mans money
transactions will be idly submitted to remote or
Jealous curiosity
1t will notDe asserted in the alledeed language
OF great man" LynchDurg wants q bank and
must nave 1t :" But fortified as is the PRAYER for
bank, by reason, by justice, necessity and truth
no ooubt Is admitted as to utimat succcss-ior
The claim is founded on right-a and the appeal IS
I l..