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

have produced the hate unparalleled de.
mand for specie. We believe The de-
mand SO great that every dollar in The
country Will not satisfy II. Within less
Than two months, upwards of $50. 0O0
nave been drawn from The vaults oi ihis
DARK alone Were thespecie drawn from
The banks 20 be KEPT III the c0uuiry, there
"uuld be no canse Tor eAcitemen,.-it
would return again iu the course of hu.
sincss: but When II IS To be taken oul of
HE state Ter expor!aiian, or 10 supply the
exhausted condition of other banks. and
nothing LETT but deprecated paper car
reney, WHICH none eau be compelled To
receive, The consequences become seri-
Gus and alarming We consider II a
mailer oi interest 10 the community, when
so much bank paper is aiiuat, that eveIy
legitimate step should be taken, to give
To II, as circulating medium, all tl,ecre-
hii To which II Is really entitled. The
| pnservatlcn of the specie in the country.
| aud The timely suspension Of specie pay
! nen', Is, III our opinion, an iniportant
step towards tive believe all HE banks
| IN HE western county will ultimately be
con'ptiIen 10 adopt this ulcasule; and II
50 We soontr 1t IL done, the better ior Tie
rouiily. Iha, The public NAV know HE
state OF this bank, We exhibit The annex
| Ell exposition.
lis soivcucy must depend upon The
manner the notes discounted hy lie
Lal k are secured. Thai we miyhi avail
| ourselves at The iu,ismen, of dlsimiercst-
ed persons on tins subject, ~e REQUEST
rd Tie Eranch Bank of ihc Stale OF Ten
ness e. at Nashville, to appoiui ommi,-
'ec |" make anuXar.iilaiIun, tor ihai u,r-
pose WHO did so, and have certified as
| 10 ln~s:
The undersienedha,iny lecn appoipt-
ell Il oummilice on the par, of ,ii+. Bran, h
Bank at Tie State 0i Tennessee al Nash-
vile, by The request 81 tie Directors Of
ihe Farmers ana Mechanics Bt.,k In OK
| AMIN" HE manner Ia which its discount
Ell mo'es are secured, nave no l,e.i1aI,ou
, III saving that they are as well se,lIed NV
endorsements, az by real estate, as II Is
| customary fox ban ks 10 require.
HENRY CRAH8,
THOMAS RAMSEY
JOHN l.. ERWIN.
June 25fh, 1919.
we believe the course pursued by fh;s
Bank, IN as effects, calculated To- prevent
general distress anu Individual Tuni-ana
al The same tI,ae preserve the cbaYart.,
- ''' P":''i' h''i tb0uSu tBe specie GE
TINS nor any other Bank, where no,es a,..
discounted, can he cquai TO The au,n,,,f
OF notes in cireuialion-S ct, i'm The secu-
ray ni ihai paper, ami IA The Specie OH
hahd, there Is uoi only ample means OF re-
detininS III" notes Ia circulation. Whence
verH shall be rAp"dient 10 do so. but of
producing "a oividrnd 10 the Stor hhuliers
~ 1858. We therefore submit, II In
The cubic :" say whar crcdi, HE pau.r NJ
las Sank shalt receive" ard 10 the Stock
h"lfers TO appyubaie or cOnd. nm the mo.
lives W!!ch have Influenced our culduct
) III rs iDE, President.
WM CARROLL.
u u \ >HlNGIO&f
~, 10; III, ~ 49, kDirec,ors.
he Stdtc Of tae Farmers and Mechanics Rank
1919. """ -ot"'
Amou.t paid for Real Estate, siIoos :.
Bills receivable under dis
MN 'oant 80 2i0 II
; HH'hdh@e 90. - oUG 80
Notes of other Banks 992e 10
> iJ5 l53 %
Stock paid in, : 400 350 an
Bills payable on az mand
u ~ cremation, 1902 90
i oS. Notes dnei Is 300 90
DO. not due. ~ Ga, CS
Deposits Of other Banks. 17Tln ~
Individual Deposits. 30 OH -
Balance of prOht AID loss
favor Rank