Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-03-06
FOR THE ENQUIRER.
SALKM. ESD Feb. 1916.

SALEM, Esd Feb. 1916.
A well Informed writer, who Signs him
self A. Il. in your paper of the 20th, having
hesiowed some OF his charitable attention
upon Senex, not indeed out of respect to
him, but merely to explain the principles
of the report, VIII CHI drew SeueX reluctant
lv from his ubscurity, to tbs tribunal oi IL
liberal crit cisnl, SeneX begs to ryjoin few
words in reply. a. h. it seems. thinks it
necessary to defeud the report, only from
an apprehension that 1t may not have been
read misfortune one wodid think e.
oually likely TO befal its vndlcaton. He
adds, " TO those who have an opportunity
and the disposition to analyze tue report,
ami who Will 90 so with minds capable of
conprehending the subject, TIE very able
report OF the committee might safely lie left
for its justification to its own strength and
perspcuity." Senex had every d.spositi
Oh fairly To anaiyzc the report and If his
mind was not capable OF discerning the
correctness Gifts principles, 1t Is MS mIsfor-
tune: one the less mortitylng TO ms vanity,
because il IS common To sofas OF the first
men of our country, ana to i large majority
OF the Legislature, who, not only by refn-
sing charters, but by q Jaw OF sigma. sever
ity against the petitioners, seem 10 enJoy as
little Of this economical illumination OF the
understanding as S-nex. If Tie track CT
Senex be devloas,' 1t was the committee
which made it 50, as ne asplrcd 10 higher
than 70 fellow It's flight.
have but few words to say in answer
to A. b. and beg, as neither know him
or the committee, nor have any interest i'll
the decision OF the question, except as
citizen of Virginia, that he VIII aCquit me
of any want OF candor IN my opinions. A.
B. on his part, has certainly acted with
more generalship than justice, for instead
of Wind eating the report as he promised,
Re attacks, and that only In the out-works,
is exa mination. Sometimes, he varies the
propositions of Sencx TO suit his purpose,
and refutes Arguments ofhis own creation
at others, he evadrs an objection by a trope
and claims a victory where he has ucy-
er even encoun' cred his antagonist. This
passion for conquest becomes the ardor OF
his age, and when a little more experien L
mas taught him that his victories are only
ever himself, he may 1T ouce engage his
valor and dsCre ton in more useful adveu-
lures.
Senx had said that the fiuctuation in the
value of CON might be constantly correct
Ned by recoinage, SC A. =. objects that the
ability 20 procure the remedy does not dis
prove the existence Of the disease ia.
Il. considers the possession OF specie POI
Etical disease, his figure is apt, and his
backs might be- proper remedy but, TIL
question is not concerning a disease which
may or may not happen, but to provide a
galnst certain want. Ii bullion be import
ed in proper time, the deficiency in the
weight Of the coin may be supplied as soon
AS ie is discernible, and until then, it will
not prejudice its currency abroad, unless
n "a J. L
tore II is visible md
Optics sharp, it needs, ween
f" 10 see what IS not 10 be SEGA"
This is the refined perspective which a.
.. has taken Of most of the propositions Of
oeneX. He sees some things invisible to
others, ana inverts what others see.
1t was proposed to obtain capital for
domestic use, by exporting our various
produce instead Of borrowing one at 6 per
Cent. and this, in the mind Of II. means
"a only that il IS better 20 have a capital than
TO borrow one lie makes Sencx contend
also, that though individuals may borrow
money az per cent. and make 20. vet the
2Ston IS loser Senex said no such
nHng. He said, and still maintains that it
IS better TO obtain foreign capital by sell
Ing for 1t equivalents in su ,erfiuous proc
dace than to pay foreign nation per
cent. per annurn for its use and that if a
hatlou borrowed Oh these terms, when it
could procure the capital by trade, II lost
exactly the price Of tue loan.
The commit}ee having admitted the DOW
tr Of banks to ruin the country, Scnex ask.
ed, If il was wise in the leg stature TO give
orincreass it ? Ioths, A. B. made the Uery
5rigi'iaL o5JeCfi1n, that the possible abuse
vt q necessary foaocr,' Vas no objection to
mtrusting iJ under the best checks which
ne case admits Of But 70 have made
this noUei objection Of any vsue, he should
havc shewo tile Il banks proposed t. be
necessary The legislature, 50 fsr from
lntnsiug them necessary, have thought
Gem worthy Of he heaviest penalties, and