Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-09-25
POLITICAL.
vINDlcATIoN OF THE U. s. RANI

VINDICATION OF THE u. S. Rank.
FROM THE FRANKLiN GAZE1TB--No.i
NO man III The community disapproved
the organization of the United States
Bank more heartily than did. ioresaw
The results OF MANY OF its operations which
was convinced The directors would feel
themselves called upon To set in motion
And what little light was able 10 shed
upon the subject, 1 communicated. was
aware tina, much evil existed, on The one
hand, IN the undue multiplication OF pri-
yate banks: whiistupon the other dread
ed The remedy which toresaw the Uu.t-
Ell States Bank would apply | wished
The number OF private banks lesstned,
but opposed the creation of the United
States Bank, although knew their pssfii-
bers wenld Ire diminished by il. AYbeu,
however, the bank was made; after II be-
came al affair Of legal existence, and WAS
warmed INTO being, by lie heat OF lcgis-
iatiye InterirTr'fe, my opposition Yielded
10 tkai expression OF The pnb'ic viii. Bat
never ceased 10 inki'propcr TO guard,
with The utmOs, vigilance, all the modes,
which ti,e Eianasers Of tins great engine
might aiiopt, III the deve!apcmeni OF lis
po"ers... .I'his considered, from the
FIRST, 10 be called for under the adn.iliea
principle which attaches always 10 over
grown power. 1t is but justice, however,
10 add, ihatl was not induced ia fear e,ii
consequences from TIE agencies employ
Ell IN Tie management al The bank these
tended, rather, 10 lessen Hy aPprshCn-
slons. some oiihe directors are known 10
me; with the president and cashier have
a personal acquaintauce-and | cecl.ir,.
with all The iIaBkuesS which is due 10 the
subject, that believe there are no men
III America who possess ADLER quali6ca-
lions ljr the task, ora more uneXceptiUn-
able fitness, on ihe scare At integrity,
and honor. But, however exalted il. tie
point Of honor, conceive those gentle
men ie be, still they are Geu, and as such
are liable To mistake bad policy for good:
and whilst they conceive themselves 10
re cons cautiously engaged III promot-
lug The inter SIS Of the bark, aud the wei
fare OF tie community, Uhe two points
which oushi never 10 De lost sight ot)
may inv olive both. Ii is proper, there
fore, 10 notice their movements, aud ex-
plain, with all honesty, and with becom-
ing respect, whatever cases NAV occur To
agltae the public mind, Whether they are
for, or against the banh-It is national
affair.
Perhaps no man in the community is
less influenced than am, by those cou-
siderations which influence parligans -
and no body can be less interested OF the
score Of interest, IN what concerns the
bank. lave no interest in II whatever;
nor did ever lose or make cent by it,
nor have ! any expectations that | ever
shall
There are many whose abilities fit
them, far beyond any preiensionS OF niue,
tor a discussion OF ise points which |
have concluded io write a"oui--Dui il is
noialuays The abest menwlO are Opposed
10 meddle with such natiers--aHd often
a resort To ordinary talents, is more sue
cessiul IN illustrating a subject, iir hich
all descriptions, and grades of intellect
are concerned. than when extraordinary
powers are put in r-quisition To discuss if.
The points which have in nly eye,
and which, judging from tie papers, have
created some excitement III the public
min /, are
First--The late circular addressed BY
the cashier, MIR. Jonathan Smith, TO ihe
cashiers of the branches, IN the following
words 81
Bmh Of he United States, AuS. IS 1913.
SIR-I am directed to nfofm you tildi The
notes vt Tins uAuk, whic!i are made paHat,P at
its several Offices OF Discount and DEPOSIT, viii
not be received al lhs bauk, amer tins day, cX.
&c pt IA payment of debts due 10 ire United
States such notes however OF the Offices rs
your bank may have reCcived duiiug lt.S day,
will be received la exchange tomorrow morn
ing.
(Sicned) JONA. SMITH, Cashier.
------, Esq.
Cashier - -BB.
Secoud-The refusal on the pari uf The
bank, and lis branches, 10 grant accom-
nodatIOuS i'm bills gf ~ q baurp ut ..0t.