Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-08-24

the tSt Of July, 1917 Thev XIV" nct-rrs
cealed this fact. but have disclosed if ike
upright men, who scorn TO decciys on 70
,leiude the public. Ther. wLy Sh.,h the
Legislature of Virginia--why shall the
Treasury Departm cnt--wav shat the
Congress itself require imposs 81 es9 Il
is very true that the prcsen, orc'r ~ al ngs
aforts an ample ne d for dcFnor LII g
speculation. But is it possible to Introduce
any order of things by which speculation
caa.be prevented? 1t may be practiSed
and will be prsctised by cum ing men {"
greater degree under the Treasury project
than under the Resolutions of the Coatedc-
ration of Banks.
This union of Banks. and Of Banks. too,
in the three largest anil most ops!ent com
mcrcial and manufacturing cities on the
continent. forebodes no gond to this union
ct States, if one single Department OF the
Fe 'eral Government, under powers the le-
gali;y OF which re doubted. can set up its
g sic poio, sic ju6eo," in opposition to the
acknowledged interests Of those Banks and
of those great Cities. Great Cities are
great Evils. They are certainly adverse,
III every point of view, to the genius of re-
publicanism. II were much TO be wished,
that instead of a few large and overgrown
towns. we had hundreds of smaller ones,
scattered, at convenient distanc IS, over the
country. But it mas been our unfortunate,
ferhahs, fatal policy, to foster and encou
rage their growth /; a policy, which, it is to
be hoped. will soon be changed, and as
they ha, c now risen to almost uncontrou'a
hie greatness and power, it is absolutely
necessary for our governments to concede
and to conciliate.--Ether my brain is de-.
al and awful. The Executive ought not to
hesitate moment now to convene the le-
gis!ature. The determination of the late
confederation of Banks has placed our pc
cuniary concerns in point OF view which
neither the legislature OF the State nor the
Congress of the u. S. could foresee at their
late session.
That which was affirmed then thcoreH-
cday is now proved PRACTICABLE. The move
ments OF all the Banks that are linked to-
sether, such as are the two Banks OF Vir.
ginia. the Congress Chartered Banks of
the District of Columbia, the Chartered
tanks OF Baltimore, Philadelphia & New
ork, must be simultaneous in regard to
the resumption of specie payments AS
vel! might the 4" Centipedes' attempt the
locomo,ion of its whole BODY by the move
ment ut enc or two of its 100 feet, as this
congeries of Banks, to be operated upon
by the specie resumption of one or two
the Banks. The legislature of our Coun-
try, God be praised is composed of ra-
tional and well-judging men. When the
Governor states, as he ought to do in his
proclamation, the cause of their being con-
vened at an earlier than tue usual time they
will see the necessity of the measure at
once. and will applaud it. The times
have changed-things have changed-and
the policy of all wise men should be guided
by such changes.
Let the Executive in their first letter to
the Assembly on its notwithstanding it
to abandon all local prejud,ces----to con-
suit the Interests OF every part of the State
Ito crush the baneful spirit of monopoly
IN word, to do Justice to the Country
to equalize and diffuse capital over it, as
IN Pennsylvania, for the benefit of agri
culture, and necessary manufactures, leav-
lag all external commerce in external luz
uries and gewgaws to shift for itself. and
the calling of the Legislature at this juno
ture, Will be the most popular act of their
administration. Let it be convened on the
lst OF October at furthest. 1t is not posi-
bic for the people to pay the State Taxes.
Virginia Bank Notes are Withdrawn from
circulation, and Specie is invisible. The
former are boarded by the Unchartered
Banks of the State and by the National
sank, in order to draw specie on the 18th
OF November from our two Banks. The
Notes OF the Congress Banks of the District
or Columbia and of baltimore, absorb all
our circulation al present. In these, only,
Can our State lakes be paid nor can the
snerlifS refuse to receive them. The Courts.
acting under the authority of the law. have
declared them equal to Virginia Notes, &
that, moreover. which the Legislature tho't
good 70 pay OH executions, they cannot,
shsy care not without immortality, disho
nesty and injustice. refuse for taxes. The
same measure which they deal out to the
People, they must receive from the Peo-
pie.
.ARISTIDES.