Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-04-20

mvective, or w'nton,y ontFssins your feclin-p, p
procedure Whih variety oil mOtn cs leads me 70
avoid.
have charged OF with error 1.-THE CHARGE b.
just, you have only done " hat all other pubic bO,s
have occasionally done on cannot claim an ex.
empton from the common TOT oi mankind. lou
DO not, presume, prrtend io usllib'ii,y. II YOU
d'd, II wodId prove nothing but you. ususccndan;
ful'y.
believe from, what have stated, tie following
t tar INF i,nc's
/. ! hat the hherarty of The barks in the montrs
IT June, IDLY and August. rails, the price OF almost
ever! article oft rcd Tor sale, and nnmoderateiy
rie cd he sellers.
3. hat the curtaiiment of The succeed z no-t It's
dheci the prices and MUIR, ali, aud nearly ruin
al Son'e 81 Z { t.en settlers, most OF WHOM W re
those WHO had previously purchased from the ior
mei' class
s. 1ts, t.' s,slems c. ul,. uot possibly be right
and ti.Ht OO;l, taken teso the,, must have been
wrong.
i. i'l,as tie amount Of the government, stock and
large Is's Ia the s,rt, AID corporation OF ba KS
Is M ar'y half the amount oil then capital Stock
OF two OF the banks is above No-tlirds Their c.pi
tai
5. That is ortrary to the intent of banking In
situations to have so large portion OF thor espita!
iCeke'' up IL tits way, While they unable To an
swer tn FIR, honest aG sale d, mSEis oi the public
e I disc unit
t. liza, the ed proposed by curtamcnt OF
discount, w TO nuke bank notes scarce and DEAR
woHld have been better answered by tie sale OF lhs
stock.
rlst Lad The banks sid the wholcor Chief part
Of this stock, tie ~ tai depreciation OF properly
the ,araly 81 0f udn lry-the s'agration oil trade
commerce aud msnn.aetlres-whch have arisen
from the nj .GIeious measure of ourtaiiment, would
have been avoided
S. That the bills ii ccu-ted in tie cy orplsdel-
phia in Aug. ISL having been II ,6o5 1913 collars
1856 ,3Gg 1o.Is, the present amount, cannot be
adequate to tie eXtert # The business Of the city
or otherwise the former amount must have been
most eXorbtant and eXtrayagant. This is fair diem
Ua.
Q. That an increase of du,ies Of ncar'y 500 per
centsm--snd Of imports OF I20 per ceutun. from
the year ISL. to the pres ut time, requires Il
gr>"tcr lie ease OF discotn's 'h"n - Der cent
10. That those sudden vibrations q bank scco--
muda on Whereby n,C"ey is NJ red superaburtl-
ant ~ onc tim, anil nnodcr t:lv e .lother
iayorshi ST. Culatinr AID tn the w-ath a one
and are rtinicuuS To- Inoiss, l. dustry, tad, aud
CONNIE ce. dat he tend 10 enrich tie vel nv and
10 impoverish IN So who stand IN the m,'dle and
lower walks ollte-ins wHr TO make the rich
re er, and tie poor poorer
II. That the trading part Of the commute are
anrroachHg towards tlict Situation II Which IT, En-
sis' merchants were in 1898 when tn parliament
wisely afforded tie loans of excl equr bill.
-. That the system at present pursued by the
hanks ofths City generally, IS in cirect hes iity
with q e ahove measure OF thu Parliament, which
the concrri'g voices of all enlightened mcn have
pos ounced wise, profound, and sound poll
ey.
Is. That ahst'acte from ai attention the irtor-
es's otthe community at lars", i; is srperemincn,y
absurd impoc ard ;'uriNus, itr. garrs he inter-
ts's merely Of the banks, press the citizens to
the WORT Of Bankruptcy.
i. That Tie bank cePital emo'o"rd IN he b'i,i
nses f dsc2'ritsi L. 1901 Phi W s ZOO
ano ayd that notwithstanding the great a7c Of
rae and population of,he city since that period,
II is dnced to s ,slSs67
Is. That this reduc ion is calculated 10 st7rve the
trade ard commerce. aud to parazs the industry
and prosperity fthe cijv.
G. And, finally, ihat unless a speedy and radical
change otsysem takes place, the most luinous con-
sequences will ensue.