Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-08-17
NtN'iNaVIND, AUbUN u
BANKS OF VIRGINIA

ou' du dti VI JuSItct 10 SuOloIn tSu uller
statements.
Isl. rs To The state tie Fa!mers' B,rk,
witch * furnished us lei piece pnbliSse,i
I" HE Winchester paper, SIGNED ii Banf
DireCfOr the source 10 doubt ot.irEH
II Is made III reply TO il g Far Dedtcr,"
who had previOusiy brought ouI cctiaIi
charges against the Bank IA Winchester
paper. " 4 Bank Director" states THAT
''i'he Bauk OF Tie 'Unued States either from
poiicy or necessity. or Doih Instead Of iurui III
ihg circulation such as its advocates ~ Udict-
ed. instead -! aiding the facility OF exchange
netwcth Inherent places, have failed IN both
these important Particulars. They have with
diaHnnedI;S Tin. " li"ie diuuun; OF llieir paper
from circulation, al leaSti th;- stale and trade
on Ike pager OF the state backs and as soon
az thtN Get balance against them they de-
nsh' specie or what j. equiv dlent. The ha-
ianct OF trade being against this slate ena-
hles The northern banks and brokers' to traffic
ia our notes aiiI MAKE constant demands or us
for specie.
The hveessityof the mother banks receiving
the hiduch Mates, aud the large balances due
trom ihe branches Of the parent institutions
expose them peculiarly Ia stand the brunt of
'p"ci" dcn4i.'.> add 10 this. tia, The haaks
are compelled nof OHly by wish TO support
the credit OF th"ir institutions, bur law OF
the Siaic ;nD'ciln- penaiiN Ca them 10 pay
hlecie. tn"eI these ca cumstaucts what could
t''t bank do fhcy had only one course 20
pn'Nne t" Keep up Stead, curia.i, making II
a. moderate as the GlsjrpSScS OF the country
conid near a"'! etH7e 20 60 paper TO any con-
siderable extent"
. 4 Bank RI rctg' further states, tina,
thu lmnu"5 -. balls discounted b, the
bans h"7e tbIChWond) Goes uoi mow tx
c@Su n: CagGai; tia. ltiS, aud ihe
necessity ~ pf0shibE inud 10 cover
Suppns tu losses uOi .ncrgrsd al the parent
sd;iN, i'ds pGcNCNito a dividend lOr The
iast iiaii y'dJ' ils.asks, II II he "noi
better /, ice depgNc,! lor short time OF
a divIdeud, 30 weather the Slur,n ui com
merc!ai adversely and afterwards 10
present his shares safe, and make future
dividends, than by an .mprovldemi en-
eruarhmeni on the capital to endauger
all & he further states, (in reply 10 a
statement OF" A Far DeaIer" tlIaither
Is nn' one debt due the bank amounting
10 S 5O,OOo, not two exceeding S 30, U00
nor three amounting 10 ) 5000 that
very lew OF lis debts are bad, or even
doubtful - that there is " not more than
oi 1000, lii suit, aud considerable
part OF that Is secure ;" that the charge
OF one OF The boards oMImg S 1000 10
the hank, Is utterly untrue; the largest
debl any single director owes does not
exceed z 800 several of the directors
owe nothing, and HE whole amount
ioah"d 10 the directors would nuIayeragu
s $500 each.
"a. We learn that the question of useless
oinces and eXirayagaDi sal"vies was la
zen up respectively III boih banks Oh
Thursday and Friday, the 5Ih and Ola
InSt.-On FRIDAY laSl, the board ot The
virginia Bank came 10 HE resolution Of
abolishing two bookkeepcfS'an one clerk,
"a ri q a.. a. Al
IRON The cashier DOWN ards, after The lst
OF October neAi. This c,ononising
principle Is 10 be eAlehied 10 all the
branches {; lac whole saving To the es-
ENLISTMENT Is estimated al IS 5000 The
Farmers bdnh has tie subject yri under
consideration. That Bank has two book
keepers less illan The other bank. The
salary OF Iiqe prcsiicBl Is lp.yond Inc
Ieaci of The board, beng fixed by tic
stockholders themselves.
There Is one idea which Is not noIiced
in the reSOiuiionsirom WImchrsicr-uhich
=, throw out tor consideration. !iun - n
possible, that with the 60ans 0f2Bprrceut.
TO Tie sIaIe'and the exprnces Oh The rsiab
lishGemi al 81 Or S 10000, II can he the
interest OF Tie stockholders under the
circumstances OF these times, 10 go ON
them To dissolve The cOrporalonS, or To
reduce The scale of their operations fms
srcIns 10 our poor capacities 10 be tue
greatest question for The consideration OF
tie Stockholders. The questions for the
Legislature will be-Wiil they rvluquish
or reduce the bonus! VIII hey conSeu
10 Il dissolution of the corporations p
But again will they leave the whole
field 10 Tie United States Bauk that
ACKNOWLEDGEMENTS which vas generated
III All niracIiun Of the constitution.
which might possibly gather additional
capital and greater slrcHglh from ilIe dis
solutions ni our state corporations, which
shoots Us lDiiGcnce with It's branches
Throughout our country aGI which threat
ems 20 OvetsladOH lis morals AMI lis IL
bcfliec or has tiie sidle ! lsiaiure any
legitimate aud constitutional means OF
RESTRICTING Us operations or bduishlug n
altogether from our soil '-'ihcsr, and
other remedial projects, are big Will ia-
poridnce. lheN are suunuuied by dRi
cu',Irs nn All sides. They ase moi so he
settled by a Siap ddst Of the pea. HE,
require tlmr and profound Thought
i"r vi, n discussion. We dO not profess
{" decide them ai present. Wpni>h 10
hazard 80 opDlUu lightly upou His great
subject. 49," Ihre "a time .jyr oH things"
FLORIDA.
We liave already observed, that many
OF iie newspapers nave taken up thcgues
Ton OF tchat 'Ce ShaH 10, ShOaid tie HUriiu
treaty be 7gecisd 6y NpaiR. Fioyjta ~
(orce Is iEr conclusion to which ihcy
have arrived. They Aaye arrived az IT,,
81 I. 4
Of Tie laws OF nations or ihe cog>edarn-
COS OF coercion but as matte OF scnii-
mcni an Impulse Of unprecedented
rhi'airy the effect OF holy Indignation
against iHe dggtCSsiOns and DPTldy OF
Nlnln Tim IN SnniI,rrl pnirlnl l,nL