Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-16
SUSPENSION.


I'VE have furnished fiji sketch of the
proceedings of the Legislature, on two
bills, which have already been adopted
i-of very interesting character, and
somewhat similar in their provisions.
They both relate TO the Banks.-The one
to the Chartered, the other to the IN
chartered baIhs.-They are both inten-
ded 10 s7,Spend acts of the last session
The one, the act to compel the chartered
banks to resume Specie PAYMENTS
the otheg, the act, whose principal OBJ
ject was TO arrest the circulation of the
notes of the uncliartered banks.-Both
these Acts were TO take effect on the
18th inst and IN both cases, it was found
inconvenieut for the Banks, on whom
they were 10 operate, TO comply with
their requisitions.-They both, there
fore, sought a suspension, though with
out any understanding, or conbinati-
on, or compromise between their friends.
In both cases, an attempt was
made to shew their claims to this indul-
gcnce; in both, evidence was produced
to shew that they had manifested dis
position, and made exertions to comply
in good faith with the laws-The evil
dcnce was indeed of different charac-
ter; from the chartered banks, it was e6i-
ciai, being astatcment, by the officers OF
the Institutions, OF their condition the
debts they owe i'll every shape, and the,
funds which they have TO meet them: the
situation of the chartered banks, was sta
ted in general terms, by gentlemen upon
the floor, most of whom, however, declared
they had no connection with those insti-
tutions, and were not officially informed of
their situation.
The law as TO the chartered Banks, was
suspended till the 18th of Deeember-to
give time for further Would
II not have been better TO have suspend
ed the other law upon the same principle
and with this further recommendation,
that more detail, q view of the situation
of those banks might have been obtain
ed-to know particularly how far they
had attempted to comply. with the law,
and what time it was sufficient TO allow
them to wind up their concerns
The Western parts of the State Ore en-
titled to Banks@-ihey have claims which
plead irresistibly in their tavor-But
ought these uncllartered associations to
meet with any indulgence themselves,
however much we consider the case of
their dealers In framing new charters,
ought they to have any preference 2
Ought not the books to be thrown open
to every citizen who chooses to take
shares, without partiality or monopo-
Il?
= As-soen the old banks have got back to the old
and SAFE tfa'i 9t specie payments.
81. The Senate yesterday passed the
bill for suspending the law relative TO
| unchartered banks-without any amend
ment.
e5- Tie Washington National Register states,
| in alusion 10 Monsieur HYDE de Neuvilles
| ludicrgus letter, that Mr.. Monroe not having
| the fear of Honsieur's royal master before his
| eyes, bnt being prompted bya spirit of indie
| pendence, gave nj. dc Melville 10 understand,
that his application could not be placed upon
| the file of the department of state, it being
| informal and subject with which he had no
| right to meddle-That our citizens considered
! it no crime to express their sentiments, not only
| of foreign governments, but also Of their own /:
therefore his eXcellency could take his letter
| tack again."