The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-02-11
ORIGINAL.
EoR THE ENQUIRER.
h9TT0N:aL B.aAM.


The President OF the q. States has return
ed the Bank bill 70 the Legislature for re-
consideration, for reasons that are so coyent.
that il is hoped that Congress will, without
any further delay, amend the bill or pass a
supplementary one, SO IS to embrace the
Presidents views. If the Bank is compelled.
or even allowed, TO pay specie during the
war, and the Government have no cOntroul
over the election os the directors ii would
AS merely estabHshinga great receiver OF
specie for the British government, because
British agent or any man of credit can sell e
bill of exchange sel0o sterling, on his friend
or agent IN LopdoA, payable so DAYS aftrr i,
arrives there for $3.50 10 $500 Of our Bank
Notes Exchange being nov 2 TO : per cent
aSove what used to be called par, but in fact
so per cent above par, when our Banks psid
specie When the bill becomes due, It is 10 b.
paid " II S.l0O British Bank Notes. which
Bank Notes can be bought in London for $500
Ia g III or silver, so that If a man eould get
specie for notes, he would, by sendingit O.
Aondon, make $50 on every 5000 sent in.
Emeto pay the bills. That the Commanders If
fhe British ships wonld forward ia there can.
De no doubt, and that Il could be got on board
British ships, every days experience proves.
by which, means We should be drained of sne-
Gle. That notes will pass being receivable
for all payments - the Government, the
experiepce CT the notes OF the Bank IT Eng
land proves, - that Bank has not paid ssccie
since ehe 25tR February, 1927, OF nuar il
years
Ifthe Government Of the United States do
not have the .conroul Of the election Of the
OFFICERS of the Bank, the British Government
vii, as st would Only be necessary for them
20 add about SIX millions sterling 60 one of
their loans, which would be 0ut trife. to
tsem, and their agents could take ths, Nyhole.
of ON Bank Stock, elect such uffcers az sui
ted them, vino would make excuses for not
&en6lus the United States a dollar, sell the
sock that would &c paid in part for the cap
Hal, and send every dollar Of specie they
s,puld get - Britain. II the capital ofthe
hank was largcr,it would certainly be bet
Eer, as it would take more Of the United
States Stock and Treasury Notes ont Of the
Market, and would probably encrease the
number OF Stock holders which would be de-
sir2hle, as every StSck-holder would be in
Ierested IN circulating the notes, detecting
lnrgerIes, &c. There should, N nv opinion,
Enongh the President does not notice t. be no
clause preyentinr TIE United States from es-
Sablishing another Bank, as the profits hel4
o1t by THIS, are sufficiently great 90 insure the
stocks being e ken--and il would certainly be
desirable that there SHOULD be the DO v,er. If
necessary, 10 eularre the Banking & .pi.a
iit - i5TsvSis the Esieul5:s ri fhr il stiturion
from soaring the tinlid by telling them that
" 80
lhey subscribe, they win not ret their money
back, there should be a clause that if the
Bank did not so into operation, or the Stock
was not subscribed for ~ given time, that
She subscriptions should be returned.
A-war cannot be carried on advantageous
ly, without a rnSdium that VIII circulate
shroughou OFT the whole country, aud In as Pz.
acnsive country this, no other I,le2ium
xh2u paper viii answer; for Il we hsd Silver
vf1 q
pence OF coin ye and wagrorae. CURING war.
% the norteDniand astern e,: tr .rS,i Ties of the
Union, or even 10 Boston. " u,d rreveut
there being = suiFcfucv - answer the de-
Enand. let the mines be as rich as they
NAV, and inexhaustible
treasury Notes or no other kind Of paper
bu; Bank paper VIII answer the purpose of
seheral Circulation, unless all ire State Banks,
9r nearly so, would agree to take the paper.
because nearly all the large transactions car
rlGd on, are IN the towns, anl generally on
credit Of from few days to iolper time
- sec0re tue Bunclualty Of payment Notes
payable az Dank in the town, where The
transaction kes place, or BY bills poyas!e ii
81 bans m another town are nearly alwafs ST.
ven as more money perhaps is used IN tits
w9Y than any other, TO paDer ths{ ,gfH not
answer the purpose, OF paying those Notes,
Gan become the general circulating ned
MT is 70 be hop-d The Congress vii no
5cnGrF pc Perishmg the army, by postPoniug
,,-e sS'aGHso htoi so necessary an insCtu-
Non, aud that such msrube-s as are f.ien g
q their country and think, in opposition 10
Al IRE soiefnH decisions made on TN SUBJECT.
Eha' It IS Unconstitutional, would al sent tkeln
seiyeS when vote rs taken on the su.siecf
md rot by voting with the opposioon, be
aiding tfss enemy.
4 SUBSCRIBER