Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-02-09
EXTRACT TO THE EDITORS, DATED,

Asnapoiis, Feb. 5. 1919. 3
After two or three days debate of very
desultory kind, on tue subject of the E!eusinidn
Mysteries, alias bank question, the bill compel
ling the banks to pay specie. finally passed. 1t
would be well if this law could have had the
effect of filling the Golfers of the bank with
specie. The bills but lame in its provisions,
in consequence of a clause tagged 10 the end of
it.
Its provisions are as follows.
l. Banks may be sued before Justice of the
peace for all sums snder s so. The pro-
ceediugs the same appointed in the
act for the recovery OF small debts.
2. Those banks refusing to pay their debts, are
foPay 9 per cent. interest from the time
of the demand.
3. That on application made to the county
courts, supported by affidavit, a scire Jd-
ciaS to issue to shew cause whylthe charter
should not be forfeited by the court.
q. The court, in its discretion, to appoint COM
missioners to settle and close the con-
Germs of the bank. The csurt to deter
mine the manner of proceeding by the
commissioners, taking care OF the inte-
rests OF the creditors, stockholders, sc.
These are among the principal features of
the BILL which is to take effect next January
except i'm cases of banks which have. ceased to
pay their notes since last October.
1t is very doubtful what effect this law will
produce. The bank evil has been sorely felt
Legislation may perhaps contribute some
thing to the cure which is already going on .
perhaps not fast enough, but certainly moi
slowly. i am almost inclined to think that, the
best way is to leave them to find their level OH
the great stream of commerce-they must sink
or swim. in virtue of their own intrinsic cha
racter. We are every day undermining sonnet thing
OF our present notions of banking.
Baltimore american
WINCHESTER, JAM 30.-We are authorized
to slate that Capt JARED WILLIAMS will
he a candidate at the next election, for the
Congressional district composed of the Conn
ties of Frederick and Shenandoah.
MIR. EDITOR,
To prevent any embarrassment among the
freeholders, at the ensuing Congressional
election, deem il proper to state, that TO d
committee appointed by meeting of FIRE eh0l.
ders OH Applepye Ridge, to wait on me forthe
purpose of ascertaining whether would serve
the district f elected 10 Congress; / gave
this answer, that would rather not serve, bat
at the same time admitted the right of the
people TO command any mans publie services
unless sHch services were greatly injurious to
him, and if they did elect me felt myself
bound to serve and would serve.
hold the principle or practice of Offering a
mans self without call from the freehoders,
respectable as to number, to he incorrect and
hostile tojust views ofpopnlar election, because
il is in some measure obligiDg the people to
vote for one of the candidates when another
mot caDdijate) would probably bepreferred
to either of those thus offering, and uBder this
conviction do not feel myself at liberty TO
declare myseIfa candidate and will continue to
hold my present Office until il shall be ascer-
tanned whether the freeholders choose to call
me to perform a different serviee-If it shall
be the opinion of mony in the district that 1
ought to resign my present Office and declare
myself candidate without which their vote will
be refused to me, / now notify the district
thatI can do neither consistent with my notions
of proprlety, and therefore the people had
better select another maU to represent them or
follow the old custom of voting for those who
offer. II. HOLMES.