Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1817-02-06


Ill the next harvest. arrives say judi
ciously, because pains will be taken SO
To manage the supply, that flc feelings
of no receiver of lis benefit can be woun-
died and moreover TO prohibit the detri-
meut thai might possibly cnsue, if such
aims were permitted 10 relax the proper
MOVIES To virtuous industry.
You ask me what the general opinion
is touching the scheme contemplated by
the House ct Delegates, for the establish
ment al twenty or thirty new banks i'm
Virginia General opinion, YOU know,
being composed of many particular Opin-
ions, few men have opportunities, and
fewer still the faculties requisite TO cont
pass and ascertain it. But 50 far as one
particular class Of society in this reg ion,
contribute to TIE public sentiment of the
Commonwealth, | can answer you with
out hesitation a great majority OF our
middllng class Of ireehoders, men who
belong neither to the froth on The top. nor
10 the dregs nj the bottom of the commu
niiy, are becoming more and more IA
harmed al the prospect of a fresh deluge
OF paper currency. These people have
no faith i'll any law whatevertha pretcnds
to disiranchise Banks for disseminating
10 pay metal money; aud not one OF thein
would sue any chartered bank with Il
spark Of hope, that lie should coerce
them by virtue of any law, or in any cir
cumstances whatsoever. They know
that every such statute is fort.le sirongtoo
weak-iiie weak too strong. lnNain may
the Legislature suppose, that by calling
tii,s brood Interpretations specie pay ng
banks, and multiplying penal clauses 10
coerce item 10 perform an imposslljility-
that they can satisfy tins class of our
peOple-that the creation 1T this time Of
twenty chartered banks, Is not a virtual
emission of paper-money. These sober
people mind less what members say than
what they do. Think not that they have
forgotten The UnCllartered banks which
were put down by law last year; have
been rcsusciiatcd by law this year-and
whose spurious paper an act of this ses-
sion has legi,imated. They loathe bank
rags Iii all the variety of their wrcichcd-
ness and TO the new dcluge of bank
paper proposed, would prefer an utter
annihilaiion all the existing banks iii
the Commonwealth. Judge then of their
alarm on hearingtliat law for establish
ing twenty -four new Banks had passed
the House of Delegates. In the history
of this measure, they were Disguised Ia
read, and mGrk with what facility bank
after bank was brought up in your house
TO stuff and fatten the carcasc of scheme
which they deemrank ifnot detcstable. II
has been rumoured in the country, but
| trust the rumor is groundlcss, that while
| this enormous measure was depending Ill
your house, that Instructions have beer
procured coercing members TO revers,
illeir vote for the passage of this porten
| tous bill-by proffering bank capital to
| their constituents. | have heard Peters
burg named-but l incline to disbelieve
| the matter of such fact.
" is generally understood here, tina
the Senate, aliho' willing TO concur il
granting an adequate banking capital f.
! our brethren in the northwestern section
| Of the Commonwealth, have smitten tn,
main BODY of village banks. In conse
| quence of such belief, the Senate are dai
| ly becoming more popular wirh these peo
| pie thanyour house. know that for thu
acting individual members of the Senat,
have been warmly thanked, by severa
of the most intelligent OF their censtitu
ents."