Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-09-15
POLITICAL.
FROM THE PHILADELPHIA PRESS.

expressions ofpuhiic opinion and puhl,,
feeling, the late Conduct of the United
States Bank, has given universal offence
People are losiin searching for lust and
sufficient reason why, III these DAYS o!
peace and national prosperity, the Bank
should adopt a measure so extensive in its
influence and SO ruinous in its conseuucn.
ces. Ii these things are done in the green
tree, what will be done i'm the dry ?Ifihese
things are tolerated i'm the infancy of the
establishment, what may we not expect
III It's advanced age, when il becomes more
| hacknied IN all the ways and means OF
brokerage. and finds THAT it's aggressiops
| arc nnresIsted and its cciiers filled bv pre-
m,fps of exchange and long catalogue
| OF injuries which il will devise mears 10
ihiiici, and which It's increased and in
creasIng influence viii cnabi i, 10 enforce
| These are serious inquiries in every point
| OF night IN which they can he placed, and
| IL well becomes the people while the chains
| OF IL monied arisiocracy are yet unriyet-
| Ell, To examine them freely and fearless!y.
In my last paper, on this subject, have
shrwn, that upon legal principles The
Bank Is bo'uid and can be compelled, 10
pay all tie notes of lis offices; and have,
from lie words Of the charter, in nav on
mon, proved that every honest magistrate
IN tins district would feel it his duty so
to compel the bank if any suit Tor that
purpose was instituted before him. Be-
tore proceed 10 the examination of %; Der
parts OF the charter Which bear directly
upon this inquiry, would remark that
The manner in which this check has been
gwen 10 the trade Of The country, by the
act oi locaiising lis currency, rs as indie
fensibe as the act Itself Al The time Of
IN oar hon
making from the interior 10 the sea board.
preparatory TO The supply of fall and win
ter goods being sent on, the means of re-
miliance is Topped off, and this is done so
suddenly, so Unexpectedly, that much of
what had been remiited is either render
ed useless, or thrown into the Offices of
Discount and Deposit of our Brokers.
VIVA, notice was given of Tins grea,
change?
On Friday the Bank ofthe United States
passed Oft Il large amount of their Branch
notes, and that same day, after the Bank
was closed, as am assured, and disappears
from the face OF their Circular" they
gave notice that that after this day" The
notes of the several offices would moi be
received, except in payment of debts
due TO the United States "
Who That has read this Circular can have
tailed to mark the striking difference in
lie department ef the Bank toward indi-
viduais, isnard the public and toward the
Banks To the Banks they publicly ac-
knowledge that injustice aud good faith,
trey Were bOnnd to take their Branch Notes
nntat Mey kad giren public notice TO the con
frary. Let me establish this fact, let ne |
make il clear as the light Of heaven. before |
proceed one step further. TO do Ills, |
but little trouble and no research is ne |
cessary. have only 10 copy and repub-
llsh lie concluding sentence of the Cir |
cular sent by the United States Bank cash
Ter To The Banks OF this city. Its in these
Words" Such notes, however, of The |
" Offices, as your Bank may haze receircd |
" during this day, 'UiH e received in ex
change - morrow morning" Thus the |
Banks were warned /; we're put upon their |
guard; they were told before hand, that |
II they took lie notes ofile Offices IL would |
be at their own peril, and because they !
had moi the fear OF Brokerage before their !
eyes. Further, they were told that " hat |
they had taken should be received, and /,
time was given them 10 gather all the |
branch Notes they had, and carry them |
IN Tor exchange, 10 the Bank Ct United |
States. Not so with the public They |
and their opinions and their interests |
nere set at Hought! No circular was |
addressed To them. No notice tn bring |
IN what they had and have them excIang- |
ed. NO! The ligiiniug's fash is not !
more sudden, more unexpected than was |
this determination. The notes Of tlr Of !
fees taken on Friday we're by the United |
States Bank made good TO the Banks on !
Saturday. Blu, not so with individuals
so unjusily strict were the Bank tliatindl- |
vIdua's who on Friday at tie United States
Bank, for checks and for United States
Bank notes, had received Branch notes,
were positively refused TO have cxclang-
ed those very notes taken at the bank.
Thus 1t ~ that Corporations bow down
TO each other, while they unfeelingly tram
pie upon tlie rights aud interests of the
people. Whether the circular issued by
the branches, stating that they would not
take tile notes Of the mother bauk, or of
any other branches or the United States
Bank, was selI before or after bank hours,
we are unable TO determine; one thing,
however, is certain, on the face Of tlle Cir
cular, that it was issued in pursuance Of
" Instructions from the Directors of the
" Bank of the United States" Is not this
most strange proceeding The Bank
dIshonors, discredits and refuses payment
for the notes issued by IFS own Offices,
created by lis own fiat, conducted by a.
gents its own appointment, and whose
whole and sole credit, and even existence
depend, wholly and solely upon the Gre
dit and existence of the bank who refuses
them a credit for a five dollar note Not
yet satisfied, the Bank issues orders TO
IFS own agents, at its own offices, and
directs them 10 refuse credit to The very
bank which had established them Sup
pose any mercantile house were To issue
such orders, and pursue such system,
would they not be considered bankrupt
would not meeting Of their creditors be