The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-12-27
CON SIDERHTIONS.
On fhe APPROACHING dissolution. of he u
States Bank. IN a series ofnum6ers, 6y
Jesse Afsva.er. .Nezo Haven.

Jesse Afso6.er, .Ve70 HaTrn.
No. /.
On the 9Th Of August. 1890, was establish
ed The funding system and On the 25th of
che succeeding February. the ak'ofthe u.
cited States. twin brothers, OF the full blood
from the same progenitors.
The first erected, from the sweat & blood
OF the revolution. an aristocracy, 10 endure
gill the rltional debt should be eXsinguisned
The last erected another. with enormous
privileges, but Hniiie1 to The 4th of March
1911, when its chatter will cease.
1t is understood that the s;oc kholders wish
a newal OF the charter that ;hc stock
holders OF other banks, which will be pres.
Sed. and that Individuals who feel pres
sure, in case Of the dissolution of the u. s.
bank, also wish renewal. This is per
fectly natural. Millions of other citizens
would be gratfied. if the government could
consistently add thousands 70 their proper
~ but let us look at the effect in a single
point Of view. which shall be presented af.
ter a short preface.
If the charter shall be renewed, because
IL cannot be apoidcd. then the renewal TO
the present stockholders will be considered
us an act of ncce ssity, and the charter to be
endless. In such case the stock which un
der the limitation has been at AZ pr. CT a
bove par. will rise TO so.
OF TIE STOCK or 10 MILLIONS. 70.
REIGNERs OWN TWO THIRDS.
a renewal OF the charter will be giving
them, as n bounty,
LIST. Two thirds of six millions
I'd. I7vo thirds forever ct the profit ari
sing from the paper of the bank being re.
Ceivable for y. bonds and dues.
Sd. 1soo thirds .forcUcr of the profit of
U. S. deposits, and the enormous deposits
which, by reason of the solidity and perpe
ttitv rF hap mil La, .la
vaults.
4th. A semi-anaual drain in stecie of tzvo
rfirdS or all profits.
5th. 1Soo thirds ,forever of the influence
in the most monied, most pow erful and per
pc tual aristocracy in the union.
9th. Tapo hirds of an everlasting & most
Da'etul influence on our elections.
7th. ISco thirds of an enormous CAPT
tai, with which TO speculate ON our pro
duce, and create artificial scarcity or plen
ty.
9th. T4uo thirds .foreVer of the inordi.
nate power Of crushing all the other banks,
OF laying under contribution our commercial
capitals, OF paraliaing our manufactures and
Of awning our government.
9th. 1'zpo fhirds forever of power too
gigantic in 1910 TO have been arrested ard
held to- its own limits, and bidding fair in
1920 to lord it over Congress and give laws
60 this western world.
Heaven and earth forbid .hat {; rehu6H
tan Congress should want energy to crush
this hydra In the Goth year Gifts age.
No. II.
In the establishment of this bank were the
hllowing provisions, LIST That one third
e~,y of the capital should be required in
specie, the remaining two thirds to be in fun
ded stock Of the u. 5. drawing an interest,
while upon the strength of the funded sock
bank bills should be issued and lent on iute-
rest. Here was an arm chair for the fund
ing system
Cd That the bills of this bank should be
receivable Cor all debts due the U. S. Here
was fair outlet Cor 10 millions of paper.
Sd That during the term of this bank no
other bank should be chartered by the u
s. es.
An. The duration of 90 years for the pc
Cnliar privileges of this bank
The intelligent managers of the bank have
made the most OF their privileges They
have divided per CT and left surplusses,
which in addition to the 1troft on lost bills,
are TO be in the last dividend. Their infu
ence on our commercial, agri cultural, man
, utacturing and hoHficaL concerns has been
without limit. Their stock has been at AZ
per CT. above par. 1t has fallen to co.
Beginning to feel the rgors of winter, il will
fall till the Ash Of March. when the day of
dissolution will assured arrive, as is clear
ly foretoid in the 1st. vol. Of the laws of the
u. S page 285.
The Limitation TO that time is a public
Covenant between the government and the
people of these states, that the bank, or.
gsnized in 1871, shall close its concerns in
1911, and on the 4,h of March will return
to the people a charter, the regranting of
which, on terms like the first, would be
worth 10 the grantees Sir millions Of DOL.
lars. Every holder Of 100 shares in the
existing bank paper hopes that government
Will renew, and thus make him a present OF
twenty tour thousand do!iara.
To foreigners our government will not
glue Two thirds of SIX millions, and to cIti-
zens it will not give one third of six mill
ons, The United States will not be pro
vince of the United States bank.
No. H.
man borrows ten thousand dollars of
the United States bank On his note due on
the LIST of January next A few DAYS be
fore that, he will receive notice that his
note will be due on the Isl, and that pay.
ment DiuSf be made OF the 4th Will he.
as prudent man, begin in December 20
prepare Tor that payment or Will he wait
till the evening OF the 81 of January, and
chen suddenly press he president, direct
ors or cashier. for monies due him, ex-
pec;ing 20 compel postponement on his
note +. like prudent man ne prepares in
season, and expects, in case of moo pay
nent, protest and the ruin Of his credit.
On the 25th OF February, 1871, public