Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-01-22

RICHMOND, JANUARY p.
To 1rE kpIroR on WE rNorInuR.

!" frda!fforf, { Ken jan. l, 1878.
SIR have seen in the papers that my
letter reldtin. to the sales oil lands tor the direct
tax OF lI9S. has been published >Ou will per-
haps think il strange, that the Enauirer ana
National lnteligenccr have been the means of
giving circnlatonet that important decision
even to Kentucky. Ihave as yet been disap-
pointed IN getting the opinion of the ia I..es |:
bu, as the decision took in all cases, the rea.
sonstor IL arc not important 10 those con.
cerned.
My motives for giving the information was
to prevent speculations ell nun-residents.
non resident claiming. lands il this state, is
considered by niaiiy as troublesome inter-
ineddler, and a fit subject for speculation and
fraud. For although ilie principles Of justice
are well understood. and the principles OF law
wetlsustamed by the courts-it is not easy a
matter for nonresident to bring himself aud
case fully and fairly before the courts.
therefore advise every NONRESIDENT having
claim which the late decision has revived, TO
go to the adverse claimant aud endeayor TO
compromise with him in person.
!" will now apprise you of another impor-
tant matter, but of different characterize.
Many years ago an insurance company was
established here. Their charter contained
some expressions which authorized the com
papy 10 use their capital in banking The
capital was 5 100, 00o-Many attempts have
been made toextend the term, and increase
the capital, without success. Abovetwo years
ago almost all the stock was purchased bv one
man, a new conner from Boston. lie dismissed
all the old officers. appointed such as suited
hinlseif; and as The institution had been ia,
high credit, AN extensive circulation of notes
was made. For some time back the doors of
the office have been closed, except about 80 or
10 minutes on each day, aud at no ocular time
et the day. This conduct, with knowledge
that the charter was about to expire, induced
many holders OF notes to press for payment
Some would wait with patience, others losing
confidence have sold their notes even at the
doorfor 10 or 20 per cent. loss. The charter
has now expired, aud have heard il said that
The doors would not he opened more than
once week, or once n month. There are
various Opinions concerning the solyeacy of
the bank and the honor pitts conductors.
MY opinion is, that the notes will II be satisii.
ed with notes of other banks nv advice
would be TO those who have them, not TO sacri-
fice them at much loss; and to those who have
not, TO refuse them III payment. Should there
be any IN Virginia, the holders should prevail,
on the cashier of the branch bank of the United
States OF Richmond To transmit them to the
branch bank here, or to some other agent
The person authorized to collect ought to he
resident of this town, who would know when
and how to apply.
:" The purchase of the stock Of this company
by an individual, and the present situation of
Its officers, sliew the improperly OF giving a
charter to any company with tie power of
circulating notes where the largeIisss of the
capital will not insure the public from the
grasp and designs of mouopolist.
am ours, &c.
HENRY BANKS"
- We see extract from the Frankfort Argus (date
given which states above institution is kent
notes, which are presented IN cash 0r u s. bank
Editor.