Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-01-06

To BE -Spieit-ia other Sfstes, you may record
ny PAPER ~hen you please on tho day wri,tou OF
oaFsa'isrwMds--it IS private trsusa.iinn between
MN ami man iiil recorded, and oaiy public Ia cx-
ciuie private claims iro,n the ~, is made pub
70 by catering it o. the book ofihc County Clerk
lbs Is, perhaps, the chief reason dat tlerr il no
eoye cd property in pepns, wanna
bnt Whenever Banks lcul money In purchase
real estate cut down credit ~ t, banks b, fifteen or
twenty percent % compel merchants 10 borrow
money OF individuals At Eve per cent pr mouth
end THIS money PUT into the hands of individuals
tor the purpose ct ,xtor;on, AMI si ior the gene
raj benefit Of the stockholders, ora pagt of them
the Bantng stem. isabnse ii the whole eon,,n,,ni-
~ Indirectly Injured. hthe freeholiers Of Virri-
n"eo'ld Only be male 10 understand such abuses.
they we''id soon provide rcmouy, and courpel
,hs 3~hSs TO move in the useful channel. And Il
they could understand their s for the cause of re-
pnbiicaiiiStn, Banks would be more ,,o,ulsr thon
tLey
But think that for any Rank to stop payment in
specie, IS not only unjust, but inpolit.c II any
i'snk were now to offer To pay Of its paper in spe-
e'e would hot at all be har pressed, for It's paper
wouG cnme iato sucL credit rs e. oitain general
circulation, and its vaults would be flied with gold
and SILVER, as experience has proved ia Europe
he use nj Banks is 70 enable every goni man,
r'ch or poor, To pay really money for whichever he
buys, to be traded OFF irDmeds.ely and TO be con-
sumed; but IT IS fatal abuse OF Banks 10 get paper
from them IN purchase property of IN uncnnsunla-
bic natirc, To- the Banking sysem is ther perve,t-
ell to the purpose APPROPRIATION, which is tie most
successful nea:s TO ruin the appipeFs and prosper
ity OF country. know that people who are no,
crSas sd IN nusne-s, ts hard 81 laiure to blrrow
money as cheap rs the Banks lend. But repeal the
law which prevents the wi iog ard orphan a. we'll
other people, 10 hire their money 10 the highest
bidder and any person will be able TO borrow mo-
aey - low rs The BANS lend il he can give suf-
Meant security. This alone. besides enabling Wild
.ows aad orphan children and tire hest sort OF peoe
to lend money On equal terms with tie sharper and
Speculation, would 20 a greater length TO lessen
DC sll1cuve li'igatos and to prodrcr purcual pay
mcnis aud moral honesty, than AL the laws our e-
gisat'lre nave sSed fer the last cv yrnrs for IL
creditor cpui'l give notice TO The man. who BY te
d1us X vexatOus sat, keeps him out of his money.
he charged fry per cent interest, few ould keen
back psy ments.
When merchant hrs i in his power tn borrow
ron; Bank whenever he ehoses, o.c hundred thou
sand donrs, he so busn.es ~ e'ar.in, what is
bosgh; othim one tenth the profit he nus, have 10
live by. provided there WAS no Bank, and he was
compelled to deal on eapit-l Of his own Of ten ,lo,l
sand dollars. The farmer, therefor pays So much
less Tor what he buys, ad receives so much more
tnr what he sells tor cOuatry does rot regulate
the prcesoi the rest OF the work., but is regulated
by 1t. The country whose commerce Is mostly ia
ci'Itated by Banks, viii attract the com
nierce, wealth and prosperity Of the world, while
the rest sins INTO nsgn:iicancc, poverty barbarian
and seryitndc. But when planter borrows 100. 900
dollars, nc can only employ il t. buv land and ne
eroes and thereby 10 drive the indus rious and wor-
King people the Tnounsa;ns u the new country
Perhaps there is nothing inmcal to the prosn. IL
ty, the happiness and The equal rights OF country
as that one man should be able 10 engross the land
Ola whole neighburhood and stock it with slaves.