Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-26

would crratea den,andforit. which would
keep IL ai!oat. He com.irded with say
ing, that the golden aye was returning
but was of opinion, that policy must as
sist lis approaches. m .R
Mr. Scott said, he rose to explain some re-
marks oth'S, which had been misconstrncd
that If any unpleasant sensations were produ-
ced by what he had said, it was not hare he
meant to answer them-tllat he was not ac-
quainted with the Directors of the Bank s-and
Iad only spoke" OF Directors in general terms
that no banks were regulated by strict moral
ciples-Thev were mercantile. not moral
lnstitntous-and were seldom guided by the
moral principles of those who conducted
them.
The question was then put on the question:
and t9sf.-Mr. Ta-ereH then hoped the com
nlitcc would rise TO give time for considering
the substitu;eand amendments which had been
snggcsted-Which motion prevailed.
TO TIE FIRGINIA LEGISLATJRE-
GENTLEMEN,
The man who now addresses you has no
interest but that ofthe State. My Judgment
cannot be swerved by mcrccnarS considerable
onS, for do not own one share in any BANK in
the WORLD. III err thcn, it is from the head,
and nos the hsar..-But, my convict tons are so
strong, hstycu liavea measure before You cal
culatcd to do mischief 10 my country, that
cannot forhear to speak. adopt the sentiment
OF tht generous 4 tlscniar-tiat in times Of Great
public concern, whoever holds himself neutral,
IS traitor 20 the interests Of the Common
wealth.
Pause, Gentlemen, pause for IIeaycn's
sake, pause !'--I on have already by one meas
IRE given irgai Hfe 10 all those WGchartered
banks, which sprung up Ike mushrooms on the
body politic-Ihev vet live and have vour
sanction to operate until the 3ist of August
next Think you, ,hnt. thcy will die even then
VIII they, who came into beil, in the very face
OF the law, so Ont oft al the command OF the
law II they will not destroy tbems ewes, will
your special laws do it' VIII YOU trust 10 the
Grand Jures 10 enforce that very law which
they themselves have presented! Do you look
t. the Chsucery Court, the only realirstrument
of coercion IN that law9 The June Term will
not reach them-vou have permitted them to
live beyond it'll the 3iSt of August-The
next Term after that will not be before .JaBua-
~, l8iS-by which time, the Legislature may
be once more i'll session, to play over again the
same process of petition and suSpension-Or,
what perhaps, is the strongest consideration
with them, they will live until you charter as
many banks as mayabsorb all their tranSferra-
bic funds.
viii YOU grant these charters? This is the
object, upon which beg leave 70 address YOU
VIII you grant all the petitions and applica-
tons, which have been laid before you, for new
charters?l have carefully traced the proceed
ings of the House, and / find not less than -
banking companies applied for at thefcliowing
places, viz:
The Bank of AIartinsburg in Virginia,
BAN, of Winchester i'll Virginia,
WarrentOn Company,
The Saline Bank,
Leesburg Union Company,
Western Bank of Virginia,
CharlestOwn Manufacturing and Exporting
Company,
Ohio Company,
Dumfries
- Wheeling,
Farmers, Merchants & Mechanics Bank in
Jefferson,
The Farmers & Merchants Bank Of IIayper's
Ferry,
The South Bank of Potomac,
The Virginia Saliue Bank
Shepherdstown,
Norfolk,
Iecsburg,
ParkersbJrg,
Abingdon,
Stamt0n,
West End, Fairfax.
Twenty-Five new banks applied for-Satsuch
atime l-EXcuseme, SirS, but AIN filed with
establishment and alarm.
These feelings are far from being abated by
the language which has been held in your Sc
lect Committee. There we have been told by
a gentleman, whose genius calls forth all my
! admiration, that the present Banks will never
| be able to resume specie payments, If left to
| themselves ti,aftie day o. Judgment would al
rive first that he would vote for every new
| bank that is solicited and that the bestway 20
| smooth the return of the present Institutions
| TO specie payments is to multiply new ones =
| But, if the old banks will not resume payments,
! the deception is indeed complete. The Dircc-
| tors themselves are the dupes-for, there's not
| man among them, certainly not two, who
| have not yielded TO the conviction which has
| deceived them--But, if this were even true, is
/ IL possible that any man can believe, that the
| best way to assist them,is to create new rivals
| Can genius labOur under such an hallucina ton?
| That the best way to throw specie into the
vaults of the banks, is to create twenty-five new
| competitors for the specie that is in the mar
| ket-specie, that already falls short Of the
| wantsof the present banks
The Report of the Committee itself does not
| allay NV fears--Jt is couched in general terms,
! and so far as goes, would myself assent to
! them.-It asserts, that the " number Of bank s.
| ought to be augmented and certainly, no man
| can look at the situation of our Western Breih-
| rem, without yielding TO their claims-It lays
down certain conditions Upon which the new
| banks should be established and asfar as they
| go, they seem to- be sucllas ought 10 be approx
| ed.--Bnt, what alarmsme in this Report is, not
| what il does say, but what 1t does not say--uOt
| Its ggestiOns, but its silence FOR, why does
| not this Report prOvidein its first resolution
| that g the additional banks" not only abe
| properly lOcdfcd," but properly timed THAT no
| new banks should be established until that
| period, AT which the old ones had reseated
| themselves on the old basis of metallic pay.
| neuts why does not the Report say, that the
! bOOksOught to he thrown open to every citizen,
! who wished to take a share and moi monopoli-
zed By any particular association Of citizens al.
| ready in eXstcucc9
/ feel, as citizen ought To feel for my bre.
| thren Of the West. 7 feel for men, who are
| called upon to pay their dues in a circulating
medium, which they donot possess. They are
entitled 20 ask at your hands two or three or