Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1818-02-21
sAruR nay. FEBRUARY 81, 1918.
Mr. Snosctiea.


can Alexandrian," is pleased to ex-
press for me. land feeling an ASST
rance, Independently of that which
his signature implies, that the end we
have in view is the same-the good oil
the town. should have rcioiccd, sir,
if by correcting an error into which !
might very naturally have fallen, he
had succeeded in convincing me and
the public. that there was no grounds
for the apprehension expressed, that
the directors of Banks would render
the India voyage unpopular, by com
mencing a system Of retreEchment
and curtail, simultaneously with the
commencement of that operation. III
your correspondent will reperuse my
remarks, he will fiad that he has mis-
quoted me in saying that imputed to
directors "design" to render the en-
terprise unpopular. should have done
violence 10 the sentiments ! entertain
for a great majority of those gentle
men, by imputing to them any " de-
sign" incompatible with what they
roaeeiped to be the interest Of their
respective Institutions and of the town.
] should also have been pleased il he
had accounted for the resolution to
withhold discounts. in a way more
c8nsistent with that elevated ground,
that soiidity, and dignified iudepen-
dence Of exterior circumstances of or
binary Importance. which the Banks
of Alexandria have right to assume
and the ability to maintain.
To attempt to discuss the merits Of
The general system, if any there be,
pursued by our Banks, would be D.
peniag wider field than have time
or disposition to enter upon. ] will
merely remark that ! have in my re-
collection all institutions which for a
series of years Tin which are included
the eventful period of the late war;
has never known any material varia-
ton in the amount of its business
loans, and has at the same time, by
the wise, liberal and uniform policy Of
its direction aud ministerial agents,
sustained its credit and responsibility
abroad. promoted the interests Of its
stockholders, and elected from its Gus
toners the expression of their CRATE
full sense Of the uniformity and libe-
rality of its course: and although he
who prophesies good for Alexandria,
viii not be credited, though he were
to produce proofs IF inspiTatiun...yet
4 will venture to assume it as princi-
ple incontestibIe. that Alexandra, by
a proper concert in its measures, a
proper union Of its capital and resOur-
Cos, and proper direction of its en-
ergies, possesses the means Of uni
iermly and amply supplying all the
reasonable demands OF its traders -
and il this result is not constantly pro-
duced, we may search with certainty
of success for the cause. in the want
of some one Of these prerequisites.
That the storm which your CORES
pondent sees with such alarm lower
ing in the west, is to burst upon US
with such awful force, ! cannot be-
lieye on the contrary, feel a conf
dent hope that it will be dissipated by
a shower as mild and as little to be
deprecated as those peculiar to the
auspicious season with which it CON-
mences its course. The influence
which this District will possess in the
councils of the Bank Of the Valley,
from its interest in its capital, toge-
Their with the strong disposition which
is known TO exist in that quarter of
the state to foster the interests of A
lexandria, will render the call on it
for specie to supply its demands. as
light as possible; and the heavy claims
which that section of the country holds
ON Baltimore (wbere its weight will
not be regarded). will all be realized
for this emergency-and think ] am
safe in asserting that our Banks have
it now in their power to procure sui
ficient amount of northern funds TO
meet the demand which Baltimore may
make to supply the deficiency thus Gre
ated.
With regard to the second remark
Of mine. on which your correspondent
animadverts, ] will merely observe
that I agree with him entirely as to
the fact that the Banks OF Alexandria
supplied large portion Of the specie
nerrssary.. land believe he will as
readily admit that it was owing. in a
considerable degree, to the recupera-