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

" HON are these banking Institutions e(tt,rot
ed s,na mere. Chartered company of n,sl'
country at large. If the house AGREES ~ The
bill, then you can give the banks n ~ W This
~ relief; but you have right to do il "pora'
tain conditions. Letthem cease to curtaa Ger.
they at once relieve their dealers The ,, and
man from Wvthe adsaid, that they had ehtle.
out their foreign paper--And some of,ii1Sahed
per had become due, aud SO embarrasse5ss pa
their dealers, that they could not comni, were
their bargains, and had been indulpe5 wita
longer mefor payment. What does the Mn''h
do. Relieve the Banks, who press upon aouse
body else-snrely, then, il should be on III. very
dition that they should relieve their dcslese1o'
As to busness.paper--h contended this ~
the only sort of paper, which, they ougbt 70 was
In England, as he understood, none WAS u ouo.
ciated but real bona fiac business-paper ,irpeSo-
was no ACKNOWLEDGEMENTS in that cou mere
by which, he meant, loan to individuals Try
kcptit for an indefinite time, without oji1,,'Mh VINO
chance ACCOMMODATION to subseoua","
pcants. 1fthis were the case here. Won up,
let theiarmers who come to market win ,,ia
produce, have their money immediately. TT sr
would be the course. Those who brops,h, ms
or wheat, or drove cattle or hogs ,yo,,Io,n
paid for their articles in a GO dax note r'I. ne
they would carry to bank, and have disconn.Ica
But as 1T now is, these notes cannot be raa',:
discounted, because the money 1t the banIsa
lent out in accommodation-p paper Lool a,,h
prices fproduce in Richmond and.to fIa S ~ he
Why. are they higher there than they ar. InIa;
1t is because the banks do business n..
But, here the holder of produce cannot yet ~.
oYnnQte done at the bank nor the .o.e &C. us
merchant wE0> bIys his .prpduce., II thev .M ne
more business-paper,rhe would give his o ~a
per cent. tor the note and go l,aane with i III.
money. Another condition should be. that ,Ie
Damks should redeem their small notes win
specie. You now receive "a species of trash "nh
Change, which Will not paw yoar, Tavern ,,f
nine miles from Richmond. Let the banl, oHs
us good change for their small notes.~Tbsss
IL i nSs .ss1f any more small notes-But hi,
tney rM issue no more, when thew return NV
them for spece.--The last condition mnst upon
that they should max sc no dividend they resr'
,hea speeiS payments. Why did not our bank,
preparing, while the Virginia banks copt;mroh
10 Issue their paper ad Gbitum The Rostnaa
banks have made scarce any dividends I'LL
ours nave been dividing 10, ~ OF Is per cen,
among their stockholders. In fact. thev rs'
er VIII prepare, unless you force them u
was Wiling TO guardth interests of the Sta.e
and the Citizen; but what he wished was ~ r0s
t .i the community at large.-If these coudi.
tons were annexed to the bill he wonld n",r
for it, whether it was to take effect on tbs so.,
offebruary or lstOfJuly 0'h
General Blaci;Iurn had the honor of heinz or.
OF thecommittecwhch brought this bill in I'M,
nc nay asreeu 20 IL on an understanding thatit&
would nave no effcctinprecIpding him from yo
Hihg imaliyont the question ON general grounds D
for ms own part, he was no friend of banIS T.
hehau no connection with gentlemen who wer.
concerned IN the banks butstill he was anvil
GUS 10 90 them justice. He knew that ther,
we're men.ready TO polInce upon the yaults Nh
the banks, as soon as they were opened-arG
ne would rot aid the views of such men nv ro
lusinc asmSpens;ono of the law--bnt ifthe propo.
sea amendnent prevailed, if the bill did No,
pass In Its original shape he would be prevent
ea from considering the1uestion rs he wished
he mad nothad time TO go into the enoury ON ihI1
generai merIfs.EBut gentlemen saw that a
n fsafl fasgret
tosuspend the law for, while we taIk the Ca B.
rNDaSis onwhich you legisIate, is sinking undyI
us-in few hours the money of the banH
%ouiu melt as snow. Either then. the HouS &
iis ,. .sislate without information if they f.
uopt ms amendment, Orif we come to no de- a.
sion before we deliberate that decision will i H.
useless. One gentleman had said. he consil (.
ereu TINS measure as a rcprieTe-but he hin y
self considered it as an Injunction Upon thoy 81
who were about to proceed 70 serve the eve r.
cution, and lay their hands ON the cash of N,
6anks:-Is the time asked for too long, II,
reared that long as it was, the house would sit
mere after that day. But iftoo long, why not
shorten II is there any man, cxcept the zen
tleman from Amelia (Nfr. Giles,) who has cot
the necessary information TO decide this ones S.
non! That gentleman has so large TN acouair.
lance win the affairs the state and the nation
his capacious mind embraces so large an bor b
izon-that he could take in aDy subject at a sin.
gle glance-But, for his own part he ynui
crawl on bydegrees, and acquire his inforrna s.
non step by STEP. 1t would take him at lea,t 81
ten days to comprehend the documents on the III
tabie,--BUt, If he were called upon TO dscid, NJ
the whole subject instantly, he should be CON Il
PEELED to vote against the BILL Either. the5 81
we must take time for dclibcration as this Bib
VIII allow, or we must decide at once ,Ipon The II
whole question. viii tbeHouse do the latteTU
The gentleman from WytIic had read staicH
ment In his place Of the situation of the banks
Are YOU willing to take that statement with
out examination3 ItNvas wrong. as well as unE
n rict tff H. tadh
Deen moved TO amend this bill so as TO suspend Is
ihe specie payments till the st of Iuly--MrM
Blackburn could not agree to this propositions
-Ibut we want light-What assurance have w
that Trey will comply with their engagemeEu
ON That day Where is the responsibility DIE
not the last Legislature pledge its word thai
they would pay specie before the 18th Of M
NcmDer,-i1e was not member of that Legs
lature-but here we are flying from an engage
Ihheiii which We made ourselves. Max not ~
banks DO the same? But il is said there be-
been change of circumstances which reco1 II
menus the suspension of our law. What -
tleyH Why the Bank Ofthe u. s. has been sire r.
established. But at the time the iegislatuH
passed this lapy, was not the National Bank IL
The eye every member of the house2 DlE
they not that time calculate upon its estat
ilslment but one instalncnt of that banE
has already been paid up--Are we thus TO COO
closing our vaults tilithe I'd and sd instalmenT
nave been dischargeds And where are we
stops What new change of circumstances II
next 10 arise! For his own part, he wished u
be done with DELAY, and to repose at once %
peace-Ihe worthy gentleman from BerkkH
(Mr. Colston) prefers the goth February, an
says, that after that day, the dues ofthe u
are 10 be paid in specie and treasury notes 81
Indeed and arc not taxes TO be collected
fore that day comes rounds Where is the -
neyto come from Can wego to the banks
specie If We permit them TO close their yaulsh
But thenwe are told of the paper which "a
Il. S.are to send among us. Sir twill be alJkM
time before il will reach our western fIonpe 81