Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-07-16
THE tiAtrS

he - an aeic"i,urst and has no sinister motives 10
mist'ad ms judgment. We have doubt, he Is per
tcdb conscienIous I'll. er,nion which he Npressrs
bht We trust that tie Virginia and Farmers hama az
least, will escape nece sity sprr,e
nehts l. The state taxes will biIng them bach aig.
quantity OF Them More of ther botes viii lac
required for the huie circular IN As IN, d.r,rri,,sd
I ~per Is thrown Out Of u. s. Il IL lheIT uoies
NJ" abroad which ate purchased w by bioheIs and
brought back to them foI specie which constitutes ihe
e'caI's source 81 their But thetep les
w'li he ~ 10 return honewards, III payment ton he
n'ur aud tobacco which shipping from our ports
pui ne" noh' IS afead! sent qua ia small lots The
h"'h Inc quantity will every day decrease aud
,elu SWIM Ne" hack TO us IN August aud SEPTEMBER
frequently 40 doubt III the shape sim,a bank notes
Nth aienow ihoat IA The northern cities Bat sub
Ject So very hhstrus-, which embraces man cornp
| Ia $40 -. ~ "e a''""s' di'osaht IN any sue
=" 'NP''s' Nt'y positive opinion. The case the
tennessee Backs WATTS us agamst,t.
no THE EDITOR OF THE ENQUIRER.
| AZ ums like this, which greatly distresses
| a'hoN' all Tie citizens OF the United States III
| consequence of the great demands on our
hahN& Tor specie, which cUmpeIs them To call
! "a men nnIeS 20 prevent Il general bankrupt
cy, c"nSider a the duty of ever, citizen that
hGieytS that by pursuing proper measures.
MAX Tie approaching calamity to the country
may be checked, 10 Ouer. as a friend 10 his
country, such plans, as may gieatl, lessen
thr Impending evil Permit Inc 10 premise
ia L IN 1916, when there appeared a general
tam M against the banks 10 urge them 10
ply specie, !" your paper. humbly offer
"a my sentiments 10 the pnbic: | si.ewed
them that from the great quantity of Goods
shipped 10 The United States from Futone
mat we had overtIad.d 10 the amount of ma
NY mi!iOns. beNOH the amOuaI of our annual
exports That 1t the banks were to resume
specie payments, 1 recommended 70 them to
appoint delegates 10 meet at some convenient
fIh'e, ad fX on some par ocular day To re-
commence specie payments, which was done
D"t th"t II was all iRiaible Iruth that v hen a
can Was made on the people To ia, that M
meuSe balance. there would he a pressure on
"'' vac o@IkS Ihat wle'a nation traded ~ eat
L. o. nIII H. "A
or"ih"n from the bank aS certainly az the ebD
l'de carries the waters al The river mto TI,e
SEA. nave frequently given my opinion in
id''T 81 'iie wisdom oi The British Parliament
'or suStehni"g specie payments bN the Bank
90 England that measure prevented "A nations
A. nhnkfurtcy. - = ouid have been ,npossib,.
| 10 have collected sixty millions a wear IL 81
mio"nI "' net ieNenne taxes, II specie had heen
uia"n out of her bank. Money is only lie
! representative properly Ii rs the m;nnf,r-
| tui es, ihe produce OF lands the industry of a
iali0n thai constitutes its real wedlh-to car
!! u" WHICH req ares specie OF good paper as
| Ia Tie year 1916 the Goods impor,ediptotbe
! states. produced revenue of more than tu en-
| tH-siN mliiicnS and an halt, which appears
| h""' 'ns NepoIt or the Secretary of the Trea-
S"r> OF e I. tates, and adIoiiiug that Il
| dn'ies on an average we've a. high as twelve
aitl an haif per cent. the amount of goods
| imported INTO the United States for thar year
comes To- about two hnudr, Il and twelve nil
! mount OF The exports from The United Statps
nOur, tobacco, cotton, rice, &c sold very
| niSn' never exceeded about ninety millions Of
| uo'dTs so IL appears that IN one year wei
| traded 10 the anIOnat OF one hundred mllIinns
81 dollars, after allowing tor -seoss =. shinneb
10 tht amount OF twelve millions of dollars
| coHtlhne specie payments by The hanks
| WIZ compel Them Ia cali ia their notes in self
ue'tHct, "hIch Tor fiIe want OF a circulating
! medium will produce 90 thc country dist,ess
! suci as was never felt before. believe il the
| p'eSeu course Is persisledin, that Z likely ne
| Sio man "on'd not two SeaTshence bring one
hnHdIed and fifty dollars easn.
The question -. what ousltito he done;
am OF opinion thar tie Assembly of Virginia
| should be called. That they, by their act
should suspend specie payments Tor one wear
FiONden me stockholders bind their real and
personal estates To take up their notes and In
| give inIiher credit to them Let the A ssen,biv
Sndiantee their ultimate payment; that auy
| "oieS discounted at hank IN lIlnre in case OF
| protest Tor uOn-pay meni shall bind the real
ahu personal estate of the debtor a htue
| before the expiration of The YEAR if il shnuId
be the opinion OF The executive OF this state
thdt 1t would be ineXredlcnt for The banks
ofeeohinithte specie payments, to give power
10 Tie executive ny It's proclamation to sus-
pend such paJ ments nnfil thu ee DAYS after tbe
meeting OF The next General Assembly of Vlr-
| GINA.
That the Assembly in their private chsrac
| teIS meet Ahu recommend it 10 the citizens 10
| be frugal and industrious, TO eucour,ee home
| manufactures, not 10 purchase any impertcd "A
| broad cloth That eXCreds > peryard nor Irish
linen that - more Than 5s. current money ,,e r
yhrd. to substitute good parched W., instead OF
cOhee, WHICH Wien properly prepared is
agreeable to the taste, n more salubrious than,
cOnte; 10 substitute balm saae sassaTras aud
upoh i'aS for the imported teas. 4 ofIt g
ana Imported teas are hutful to the nerves
OF ddlicaie persons. Ii the above measures
! aie Soon adopted, while our hanks are solvent.
" "hl give spur to industry and prevent Sc
| ii9us evils TO the cOuhlry. Bank STOCK and
Dd"k nOies VIII We IN GOOD credit, havIuy for
| tHelI iedepmtUn not only tine Tivate to,Iupes
of The stockholders but the sec rityof tLe
| Out lei us have no mOte banks / was of OH,
mon that a national bank under preper rem
UOhS were n national convenience bat tht rs
Ought TO Lave beeHdpUWerin the clIariersivtur
! Authority To The bank OF the u. States ts ans
pend specie payments ~ that bamk (yghenever
| III I'VE OpihlOn Of Tue president II wOuld be a
national beneilt) by proclamation To he ia force
| until ten days after the meeting Of Congress.
| II is believed that there is not tIu,t,-6ve
| ~ ilions OF tafn ! specie ~ the United States
nrlnding all the specie ~ the wants Of all the
| banks IL - 'aid that The revenue of the Unit
| ed states and Of all tine states ~ thr union
| amount annually 10 thTty millions ask hoyy
It IS possible f"r the PEOPLE 10 pay their taxes
| unless some certain credit Is given TO the back
| paper. II may be asked When ind mems are
obtained oi individuals how can they pay, as
Bank Notes are not a tender
I answer It the creditor will not receiv,
| them. on the debtors gving bnud and GOOD
'-cur'iy, the debt may he suspended until tue
| psOuc good, aud the condition uf the bauk s
| WI render IL proper 10 pay specie
| NOHknow mei r. triibr do assure you
| own no bank -tock have no dealings I'm an,
Oa"k' pave Deen more 'han forty years Of