Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-30

were here-that they were Tctat this moment
III the bosom OF. their families and their homes
w.noush ne did not pretend to censure the
motives off those who called them together. But,
why was he sorrys-Becausc he wished these
gentlemen directors to take their own course !;
10 see whether they would have obeyed the law
but as to this excitement, twas always So,
when the banks were spoken Oft continues,
aoay after day, till our Recommendations lob
pvull-and the houses of these people stript of
tneir inhabitants-When we adjourn they re-
,ire TO their houses-and they say, soul, thou
mast goods enough, take thy full.rhs night
wish couldsay, in the language of confidence,
CURED of theew
Mr. B. dlscamed the idea ofshutting up the
vaults because the second instalment Of the u
SIS. Bank was to be paid--he said, that il might
De poilte to close them on this account, but it
wasnot honest; that as to this opposition to
the national Bank, which one gentleman had
caiied colossus, another mammoth, Il third
Won, ie coulu say, that II was our duty to sup
port the national government, and not to en-
barrass its fiscal concerns that so far from iniu-
rug, the National Bank would benefit us.
MT Is; SAID, the gentleman from Norfolk had
enlmred, why there were not suits instituted
against the banks-The true reason was be-
cause every man had looked to the legislature
and TO the law taking effect on the 18TH of No
vemoer.but, he would not pledge himself, that
suits would not be brought, if this were to pass
--Hehad indeed learned from the newspapers
that suits had already been instituted here and
that they had ended not much to the credit of
the banks; that after the officer had the keyin
his pocket. the officers of the bank had gotin
under the wall or over tile wall, he co.lld not
say which-And how tiidit endS Did the Off
Ger at lastprocure the Pagent or has the Off
Ger any accommodation there? He wished to
know, IL this suit had been designed by the
board to prevent suits (; that il might be said,
That aman of wealth and OF Importance had
tried it in vain.
He commended, that the process authorised
by the law against the banks was not anew or
an extraordinary onc-being granted against
sherifis, securities, &c
The gentleman from Norfolk had spoken of
rdce-i-e suspected that gentleman had late
~ been TO the north, where he had heard of
race among certain high characters a race,
where Gilpin had been quite uudone. He APP
pretended no such race in Richmond We
were also told of scramble for specie. Per
maps even the convlcts from the Penitentiary
might have claims upon the banks. WHY then
d owe not 6 We them fair play' Why does not
the gentleman move to let them out, TO have
Chance IN this general scramble They would
surely be ,he only distressed part of the COM
munity. 6ut is this the light in which anv adj
yocate would represent the capital of the
State There would be no mob; or if any
symptoms of IT should appear, the good police
OF this city would suppress it.
,but the gentleman says, he has great conf
tdenccin the Directors; he wonld trust them
with his all. Great is thy faith; verify, have
not seen so great faith in this whole Assembly
But, the Treasurer isset over them as a Cent?
mel; like Cerberus, with his three heads to
watch the doors of Pluto; but when Orpheus
came with his music, he wagged his tail and
licked his hand. So when Juno was dis turbed
with the attentions of her husband to 10, Ju-
piter changed 10 into a heifer, and sent Ar
gus with his hundred eyes to watch her; but
Mercury came with his pipes, and cut off his
head
The gentleman from Norfolk Yesterday led
him from doubt to doubt {; until at last he
cleared up all his doubts. He had discovered
method from Boston, by which in given
time, man may pay all his debts, by GER
tain calculation. He wondered if the Boston
gentleman had got a patent for it. would
go TO England, (said Mr.. b. } pay off the nation
al debt, and make my fortune.
MIR. Il. touched upon avariety of points in
| the speech of Mr.. Tazewell-bnt in so rapid s,
unique manner; in such strain of huniour ;
and the whole House, ever and anon, thrown
into suchroars of laughter, that we cannot trust
ourselves with any attempt to catch the es-
| senccand present it to the reader.
lHr. blackburn was followed by 6fr. Smith,
who latter having requested the reading Of the
JOINT letter of the Presidents of the two Bank 8
| accompanying the Governors Message OBJ
| served, that he should occupy but small por-
| ton of the time of the Committee, at least, az
| TO the LIST section of the Bill:-The very able
arguments OF the gentleman from Loudoun, q
the gentleman from Norfolk, seem to have so
| completely balanced each other, that neither
| OF them can be regarded as MISUNDERSTANDING
| takensuch different views from each other.
| we are compelled to form our judgments from
| other sources. For his own part, lie would
| found his opinion principally upon the evil
| dence which had just been exhibted-he
would pay respect TO it, because it was the
| evidence OF professional men. He was neither
| tor very distant, nor very short day. and
| he thought the bill upon the table happily cal
| culated to steer between these two extremes
| he preferred the day mentioned in the BILL
ne was aware that the Directors of these in
| sttutions had changed their opinion since last
| winter, because at that time they had expected
| to recommence their payments by August last ;
| but three circumstances had contributed to
| produce different result these were Ist
| mercantile speculation, I'd. the resolutions OF
| the principal banks III the u. S. moi to resume
| their payments till next July, and Sd. the es-
| tablishment OF National Bank, all whose in
staments would fall due before July. These
were the reasons, why the Directors had chan
| ged their minds. 1t was particularly to be
| recoliected, that seven millions of specie
| would be wanting III seven months, to com
| plete the instruments of the u. s. Bank Was
4 II not proper 10 permit these seven millions to
| be paid up, before our OWE banks recommence
4 reason why they should be closed till july
| From the Documents upon the table, Mr.. s.
said, ii appeared that there was 81 200 900, OF
| specie, in the vaults of our own banks, and
| that one of them expects SI5O,OO0 more-and
| from the u. s. stock and other sources, they
may be able to make up in short time, the
! sum of % millions-But their deposits, and
| S5,390,000, say 5 millions, which will be liable
| to be drawn for. He then begged the Com
mittee to keep these sums in their mind-that
| the u s. Bank will want z 600 900 of specie
| that there are 81 millions which our banks will
be liable topay.-Add that ~ millions will be