Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-01-06

w tilcfn dt inc ttne thcN subscribed. but the
stricteSt concord and union OF sentment are,
interest in promoting their own pecunial
concerns thus to promote the welftre Uf.tbelr
common country, aud who Wi wonder mach
TO see themselves thus piavees ia an Opposition
winch they do not feel. aud which they never
VIII eNerctSe-But we are thus driven Ia II bV
Siici writers WHO cndeaVof 10 bring politics 10
bear where their OWL private interest Is con-
cefied, VINO attemp, to rouse NJ patty spiiu
Nhcn every Cansc for Its a. cttemPn has ceased,
aud attempt to MAX e an iUstrumcIt q a %
carry their point, when their personal! profit
anu advantage rs alone concerned; as in q
foreign country which might be named the
ininiOnS OF The government for the same pur-
rose ifaNe been ih the habit oil raising the cry
OF church and King. But harpiiN for us, in
STAGES OF this Kind are AT ihis time in this
country, and we would charitdbiy hope THAI
The citizen of the Valley is not OF Them,
though he may nave Inadv criSntiv fallen INFO
their mode. But the Justice, the candor, tiic
maghaItniiy OF republicans is relied upon To
defeat Such attack. II Tile proposition for
increasing the capital OF the Bank OF tile Valley
isreJeeted, W. hope il will be ON other conside
ratiOhs than those suggested Ivy the Citizen OF
The Valley. IL will he hardly necessary now
10 shew that the Citizen of the Valley has
or iecls rppersona mte,csI in The hlanch
OF the Fai t,erS bank al Manchester. Ii IS not
necessary for MS To stop here TO enquire OF
what species that INTEREST," Is.
HE Citizen OF the Valley saws that the lHte-
rest OF the stockholders Viii delfesId il great
measure on the control and paruiage u Ihv
state and that IhiS conirui " Guild .d ance the
secnri,H and currency OF the nries * i;iat lie
Is sup -ried IN this BY tie Uniform thcor, aud
siul practice siuia. Immediately al
tviwards he tells uS that TO increase the capital
OF The Bauh at tle Valley, wOud he "A manifest
injustice to The baak previously established.
IL would, says he, Suhitcf corporations midcr
tie saiutaIy influence of the state TO an unjust
competition with Ufl e. corporations liable 10
he guided by pfSJlc caprice. How We to
understand tals, OF iiOw s!ic vc Ia rccolclie it
Ia rod ty hi.
lie told uS ltai Oyni. under the caDt OF OF the
government wonid have tbs advantage in e.
very part. ana immediately after tells us that
Il bank under i diiec ttOu uncontrolled DV the
gos eminent, wiz nave the advantage of the
former many competition. SuIciy that bank
| the notes u; which have the greatest currency
ana Secniity iGust Edve The adNdHta &c la every,
competition. TINS IS mote OF those dOSurdiiies
| ana contradictions winch result from the de-
| termination 10 carry ii aid cause with any
| KIND al arguments. Buj tie CItIzeu OF the
| valley would have II understood some how,
| tndt 10 eStaOtiSn any subsequent bd. n would
| infringe lie extensive frisIleges OF his favor.
| lie. has is the language OF every iuOnuaoiist
whenreduced INTO pia.t Eng iisiI, notwittl,and-
! iiiS the circunloc|uUu theN Giay use. Ii would
| De ratner gross To teIlus az once, that because
! they had received a favour ironithe state the
| Id.th OF the STATE was pledged that no other 81.
| Iillar favour tor the good Of the pubic should
be bestowed ON any othef portion Ofihe cit.
IcDs again. lie very pi,iinN lnSInHaiCS that
| because the Farmers Bank lent money 10 fhe
state, during tie last war, that IL Is emitted TO
| exclusive privileges, in Otner words monopu-
| ~. III those BANKS did lend money 10 the state
during the war, II Is presumed, that il u IS pro
| htable business TO tEem and no doubt thew
made as mnch money IN that way OF more than
thtN WouiC have done ia any other. And the
Valley Bank had it been then IN existence.
would nave been conducted with as much pa
trlotIsm as those others and nodoubt with The
same prudence III embracing the Opportunity
OF lending money 10 advantage.-in one other
particular we will set the Citizen of The Valley
| 10 confuie himself. In his inst number he
SAID there was no occasion for the million of
| capital; that il would moi be used and there
fore would he Il loss 10 the stockholders LIN
his second number, he recommends that one of
tht Slate banks III iIchnoud should be autho-
riZed To locate a certain number OF Banks in
| the Valley with this very same capital which
| he before said would not be used IA The Valley
OF yes, mark what rs to remove all elilicuitiesI
his tatouilte child OF his IN Winchester, en-.
| dowed with this same capital, which, would not
he used by the Valley Bank, is all al once 10 be-
come prolific mother, planting her thriving
children ali through the VALLEY. W e have now
the authority oil the Ci.izen OF the Valley him.
self Ia shew HAT The capital asked for for the
Valley Bank would be used 10 advantage
But as that writer's so frequently contradict
ING himself, may justly weaken las authority
| we will take the liberty OF advancing some.
thing independent ofIt. The branch OF the
| Farmer i;auk in W Winchester has not discount.
eG any new paper, II Is understood tor several
|
| lime II contihsedt To draw M It's paper aud cur
tai IFS dcaitt.. That that branch cannot and
docs not supply one 9th part OF the demand
| ioi capital or circulating medium, which
! comic ne uSed to advantage. Ia consequence
! of WhIt IL vacuum OF iiIe circulating medium
was created, mo W. Ch rushe i ii IioOd of trash
from The western parts OF Maryland, feEAsyi-
| wanna, and from ONO, which the Citizens Vt the
| valley and parts adjacent were compelled To
| use while they despiseG II. That section OF
! the state, in which the capital would be used,
| cOmprebends population Of more than one
| hundred thousand possessed of DIS mach real
| weaiu, industry aud enlerprize, as any other
| PoTHoh % The same extent in the state, and
| requires at least three millions ofmoping CAPT
TAI 10 carry en- IT'S necessary business, commerce
| aud improvements, more especially as the Ca
| Pltdl does not return as quick as ii does in
me SEA HUrtS. AS To The executive control, the
| want OF which in the Valley Bank seems to en-
cite the CItizeIis' patriotic synpatiies in 20
| lIVeiy 1t degree; the executive las its coatroI
| AZ haS the appointment Of three directors,
| Nhlch is sufficient number when the distant
| situation OF tie bank is taken into cUnsdera.
| uon. without admitting OF dcdNing 4 present
| tHe CORE ctness OF the doctrine, which take
'oi granted that II is consistent with republi-
can principles, that the executive should have
| this control IN any bank ii is merely advanced
| tnat Inc control of the executive is not the
| control OF the people. But in the case of the
| I'ahk OF ihe Valley, il cannot operate to any
DeheHcidl result TO this state. For tic eHecr-
| i've wilh tie best intcntiOIs i'm the world can,
not exercise this control upon their owa know
| ieuge, 0ecarse they are undcquainted with the
| Ip1l 'iduaiS from among whom the directors
are 10 ne chosen, being placed at so great
| distance from them But they must exercise
IL some how. What then Is to he done They
| must apply TO some one or two men, who are
| known 10 the executive, TO recommend proper
| peisohs 10 Toe appointed directors, aud theS
| are appointed On this TcC0mmenhaIior So tbgt
! tnI' one oriwo OF mote, you choose, de virtu.
| any appOintthe directors, contrary t. the nten-
non Oh Tie IA contrary TO Tie wish OF every
| ieP"Dican. Aud certainly the interest of the