Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1816-10-02
ID O Nj K S z 50.
PHILADELPHIA, Sept "a.
FROM tie Bemocratic Press.

E'ro,n tie Democratic Press.
)he ihtei est, the prosperity, the happi-
ness oi tins community, have For some time
past, been dependent ON the discretion,
the prudence, and the integrity Of a lew in
dividuals. The property of the citizens has
has made IT, auctuate in value Wiili the in
consistency oil the weatte, cock, according
as bOatd Of Bank Directors should de-
eide oil the course oi measures they should
adopt, One month, the t,adc of the city is
conducted with ease, with comfort, and Sc
cuuty every one meets his engageme
witA .ac:i''.. alsa- is ,ssradueiy collecting
lei, tFads ;5geticr. Another iDdnth brings
WITH II embarrassment & distress, & wa;it
oi Confidence. isun s,args eyei one ia
the iAce--t::e whole continuity becomes
strateaet'. :, tte c1iuhlty mas lIs igOtstep
on every a,tesho,a. iia hand ui power
Is ielt striking Luwn the do,nestiU pcace uf
eve: family.
W Ao Ite these mcE. and whence ema-
mates ;iis stutsuri's They are kuowii to
Us ai,--.yery lldiy.du:sl o. tcm. W. can
measure .:clr uapsc.iy-we can telt their
ht.lcss lot sac" >tluuns. And aie lacy,
feinw ci.iz -u.. ne Hen wiiu,r you aeiect
10 ~ ln.tstet Ylth despite Gu;hOHty OVer
yvli. ouuie$U- haPp,ness l'say iaSpo-
t'cGari,ositt, tut W..aivYer l0Werl,. Uncor-
t"Iied aid Tses, ons.tie, is despite. Ia
Mh0m re tno 81. cctUis Z: banks ,eapoUsi-
Eto, lar tue uiustvro tney may produce, ur
the eNd' trey Ha, hct RIO no one.
" has ,,.eC Xist. ~ CoGtt9,i ,n-ir acti-
t,Iie ) tse,e il. ;.une. TE,yc t'.;u exists a
noag,i IL a bQ,,y ot u"en nno>n:ig. usur-
Re b caEis Invested hy ,pc4l.ai e;rcau-
STAGES, Wit, arbitrary power-nore inTe-
Ge.teij and idtaily destruct,se to uUr pap-
lnnros and resese, slian any ,hat .cauid Dts
assumed II our ..eueiai aT staie ppgttn-
neEts. Sliali wc suonit 10 be l;it va9sAiS
OF this arstCciacY? ur shall we not de-
,'Ai,., d con rouiins aetinri.J ever those IN
suta,iaas. TO guard irp,n abuses our money
Affairs, rs we haye eb;.b',shsd cgtltroai
over oar ppl'reai iGsliratvns 70 guard our
own rights
But lhe total want of system, tic c9m-
pIete ignpraucc OF banking principles ny.
hhl eel IN all their transa uo,is FDint ant
the unhtoes, the iNcapaei'y ~ ti,e,e neu
who drect die finances Oh tue co,nmuIi-
t. at tins criS;s. The, shameful jirks pro.
dneed by the circulating medium, ono Iao-
ment rapidly incre ,sing 1t, another a. ra-
pidiY decreasing, nov their total want al
stem and ignUraace OF pfiGc,ple Tie
desperate speculation IN government stock
and the outrageous refusal 10 sell tba1
stock. tiIegey prudacinga permanent IS.
que of hank totes as long a. 'ita, stock i.
held, whIia TREY a!;CiN9t 10 naGc tie mer,
chants return nptes 10 ,he same amount, j,
al act Of oppression, which ought to excite
the iadi.nausn tne resistance d The corr
D,ui.tf.
We have long bsen trpmpied on, insult
ed and apAoed by tlesc INSTITUTION. Th,
people haze grnanrh wnh ,isl, suietiuss
but nave n1r dared to con?laip. Bat on,
man has lad lie bUjdngss 20 utter his pro
tesr arainst " t. puiat 0u, the aesLcuuuyC
tendency .! tncir ncesgrez "a direct Z,
the safe ana ce,.aIn J4d, Is be parsusn.-.-
W. ia ,,is he Z, gcngIUu, 10 his natu !.
his yu ,hI"s have Seen exciied by IT,,
Nostfcs a. In woe sef. aOtt7it. ana ar.
&C.. on 10y tie iieOlest fce.i0gs.he b. stoor
frrh ,hc cnGm ipu pa .o2ie, TOO inscn.
si5in TO their WIS. 500 indifferent q
Ct- 3Jsarday ofthe present system q
The 5aHS-, most be apparent on a Hlomc &,
reflection, 3hry a'e curiaiiug tieir ,iis
counts nto ~ . narly their accGminGJ g
tioa paper. Wat IS lie object pro ,osed
t. Withdraw ulcF ajtCs FROM eirenla ION
Where DO d e,e nyte icu,ate ? ihe,
haze passed into tre count-g, aad olere
have been aD,mbcd by the country b,Dk,.
o. b. iadividqaia who reiaip 'heyo. o. stu
Gra ~ at Piilqdeppia. Inc cxpciienc
g. orr 10 business pr,rss ''lar Nc Ph;lsiei.
lfia bapcr circuistcs iI.tae country ui 3
1905 received 10 recittasce ou AGRA,
Dnt 30 will be our own n0es. They 9re
then, only circulating n this city /: ard ,-
~ reduction nf 'he ancunt issued, uass
BE- withdrawn from the circulation of the
city.
|tc smcuut of totes issucd Is between
q and 100000 doljars--of this large
part is lOck'd up in foreign barks.or IN the
Golfers of individuals. NecsurJt 1ar'e
the som circulstEg in this city, beyond 8,
ooo,00o. By this sum Of 100000 dollars