Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-02-20

sh;S: trej .c ease os tie i;r Ci,.s metals
r.,r.u. hout tlc World u car p .S'op~uen
theiesi thr u.;1 an ext no-i Ctsh'nVr (.
sunoe tel ,yltn the geucfai '.,l 'pton OF tnc
btui,unE -y,tc:n = NIn,L' OF urtry,pS'.
to.se,i c, Elf lei - re'act nn ~ tac V"llt
OF &C. ri'c, ioU, ute.'tts q $ pr [eh''
pe- ai...un. co,.s-ole lily a W county
b,nks est Sh>hcI ~ Virginia, Mn capl
tslot ) mliiDnS and p1y'.g specie ior then
jiotes. woold ia ),,v,: 8. in tierTetuc,jon N
It's value OF PC con-. per annum. II N
deed. tn, cc.aa.,tCta we. =, as ScLcN calls
them, bind ,sudts,w 81 aid ere h..ve IN
bind icadirg the BIT. -" The refusal,
SAYS the co.n,ne0tIt3r, GOT the existing
lian4-s, 20 receive iGey'tiIna,e children ntc
ti;c;r families, has marh more wSiSht W''h
me, tam nj tic assc:tINuS OF the report
ift'ey thought they caa!d safe increase
their b.,,ness Nv K, obey would have done
so.'' When ! see sach statements and
such irfer,ic s, must be permitted to
doubt the canAolr ii The writer. -p1es
son < heiity- til4t Wien the GUS IN was
8 ,bmiue TO tbs BAu,< OF Virginia, and the
Farmers 3 .nk, whether they We're wliinng
- adopt IS branches. the new establish
- cnts -ksy viewed the matter ii any otncr
rnt thaR as t lnicGtaaect Inc proht ant
+; IS account ofthe,r so kho dcis: Does
hs ,icve tl.1 :, .ovmed q moments re-
roc IN W &, them whether the ihteteS's OF
TIC stat. wouid be r1,no.cl thereby, OF
whether : woli be % the advantage q
tl,c u q nrYy { re Hsi;'tedtq parlcipa-
tilH IN ~. banking system 40, he must
/. ". Il aware. tlat t.ie soc consideration
With them, was, whether taeir diElAcaGS
could be IN reascd tak.ng IN new pant
t.er --fhey z ,nciu,i j, ri hav; no .iolbt
sorr@-ty, tnat th-y would not. H. d coC@
Ilsi follow tbat Occaoss tusSc DaEss cannot
cary Oh Dusin IS TITO, N1e.1 give
iherl 10 + : per &c :. DIVA ends INT !
~ gAt not Be their interest AN tN.st ~ the
cor! Glr1,ty, that It should b. Carried On Tor
shc SMALLER profit OF g or 9 per cs nt.-An
cthcr "ahsur;.ity" is attributed q the re
port N the following terms: " l. considers
Shat IN rnchartered banks viii ttc'!ttite
INC coil -cton Of reVc uUe while l. denies
'ihyir notes the privilege Of being received
IL taXes.-Nay. more, while 1t declares that
faSes hall e. p.yab,e only m specie on ~
III, ns;es of tle now chartered banks.
- / IS is 20 suppose the IA ihty az cqur-
IN IL II y to b in proportion t. ITS din
city,' as .hesc notes OF the, new banks are
20 dove "uut Oft the Country the Only two
thi s TIA, W Ii be ceceivcd as x TX
nin on here, as els where, tur~s back
in, Ch RE ct .bsurdi.y upon Scnex HIM
seif.--The NV banks were wiling to re-
CetYe ch,r.ers Uhder lie express Condition
th4, th"y should issue no more paper than
IA Y Goa redeem with specic.-N then
ther u'cs were equal to specie, would
they nos b. taken i the banks ct islch-
IoOot cn account OF the revenue, as tlcclj
as il they wer~ placed upon that footing by
law ; Exp renee his shewn that thcy
would When the bank note 81 our coc2ty
represented sDe-ie, the shciitis Of Cur
country freeV II ccved the notes OF Alex
andria and Baltimore, ana Is freely passed
thenn III r., hood Z. ! would thSn TASK
; mex wlether such a currency rs this,
established by law, ard ban'shing from our
country the dCoreciatei paper O. Baltl-
UioTe ard .8leY t9dria, would not material
" ala the collection Of the revenue I'm
Qaes.i, naUiy i woud-Cpon the inability
OF farmers . pay interest on money, Sc
mex remarks - hive never Vt seen
taree farmcl s, who would not, but Tor
the rise in tie value Of their proper
~ while il reiHcns in their posses on,
te absolute Users by the i farm
Now If 5 mex is farmer, / from my soIl
pity him, for | fear ms agricultural and
i'm ncial skill are about upon par From
hsackGow'ed nj there is no Iroht from
farm bu, thy rise il is value and what
can give rise ia V Tue to q property that
can give no ncome, am at loss to Con-
je ture. ] can ilform ScneX, however,
'1A titD NJI.l ~ 80 VIZ seems ~ W - - sCtI4
TO II farmer, tlat Their coalition IS not
81 hard in every part of the country. H. some
improving SECTIONS Cf our Stfto thsy can
aHlrd % borrow money ocCas on tlly, and
with pref. from tn banks, and il is veiy
c,CfnOE 70 see Industrious men bay POOd
farns, AID pay an interest 90 cons dera-
BE p.rt a he lu. chase money uni. they
can work he pre- out Of the soil itself
IS BAnN shar s." mex obs rvs, &" have
h thsrto been sold in market overt, and
bot 10 tic secret rs cesscs of those who ar
rog te TO thc1 selves tie power of Gre
ting IN ~" II re is anolh + u'f uuded
charge The proposition was to open
DO IS for subs ripGo1s to establish banks
at the p. ces where the unchartcrsd ba KS
were lo"at d, and those subscriptions were
so be ak ii' overt market and we're
free 10 ali. thus oic Ov one 10 the objec-
.i1us of this enemy OF banks. and OF The
bank r. port, ta.i at tue t,uch ctisYesiiSa
u II. 1t only emains - me TO eZan.ns the
10 ! V ng curious proposition " Though it
III ~ seem a Pal adox 1t first sight that the
bonus Of 10 600 dollars per annum viii be
loss to the treasury. yet urder the condi-
lions upon which it is paid, nothing Can be
more muthematically true" u support
this strange propos tion, lie assumes rs
fact upon which be fouuds his calculations,
That the new banks ale 70 produce dc
pgccia1 n in the value of money OF exc city
two per cent. per annGn, winch b~iLg ap
plit d To TIE whO,e revenue 6 the State,
f.ctifn9fe ri Inv him q mil ION (tNrire the