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

'hFW "Dltct Is 10 Keep up healthy err
cutilon ia the sy stem by simple aud ma
'nrai "edns. aud no,hing more. He pro
poses That Tue next general assembly shall
forever put down those unconstitutional
moAopoheS, the state banks. Here the
ci"'eh foot appears. II Is impossible 10
discern ANY other active for The senii-
tncn' 'han The desire 10 sacrifice the stale
institutions 10 the national bank. With
nm no backs are constitutional but those
chartered by Congress. The right, al The
sia'eS, ana thrinierc-, of the ili rarS aud
internal improvement funds 81 Virginia are
oi no concern 10 iin. Can This winter be
really A DELEGATE
With his abuse OF James River and th.
city of Richmond | have noihlng 10 do.
They only serve to sire. the mnpotent
rancour Of lis feelings, AMI the Iniinode
rate itch he has Tor scrbbliny.
As TO the bad management" of The
stale banks, his assertion Is d,sproyea Inv
The ANIMAL report of every committee 81
the legislature from the periods of their
establishment. The dividends have for
the most part been good, ani during the
last veas, no less than lbs u cent Was
divided BY the Bank of Virginia Ata,l
Times, previous Ia the present wear. the
profIs ul the . two mother banks 4,
Richmond" have been unusually great.
Inc present r,rin-nt being critical one
Tor ihe state banks, the directors ihInk il
cNpedienl, aud tor The permas>m adyan
'dSe 81 the SiOckhultcrS, not TO divide
ne proiiiS which have been accumulated.
i ne reasons are obvious-ist. The ger
fanny al losing Il considerable part Of the
specie, from lnr uniavordbie course OF
tiaue AID the facility OF Transporting il
anu 'iN, tile apprehension of sustaining
loss Iroh ilie, failure OF some of the
debtors. IhlS caution on the part OF The
directors of The STATE banks does moi
SUIT the views oi 4 Delegate, although tlr
Bank OF TIE united States has nursucd
Ia SaGir policy For ms asprrsions on
ne Prr'i'ieni OF the Bank # Virginia. il *
ho' easy 10 account. unless his object be
L vary ihe mode of alta, k on HE state
bank by VI lily ng the officers of hem.
J ne character aud conduct Of The prrsi-
dent need 40 def, nee. In his official ca
paclty, they nave been open 10 The pAa-
nlnallon ui the siOckiio!dprs for more
man ID Years. lie has neither had occa
sion L" shnn enquiry nor Ia court il. He
oppnScd III" renewal Of tie charter Of The
hank, because he was convinced (as time
mas pr0vrID That tie terms we're unrea-
snnabiI towards The Individual stock
holders. THIS al least proves that he has
40 'XceSsiVc love OF ofi,c... and he ~ be.
iieFed To have rendered services eou,ya.
ieat 10 The compensation he has receive
he augmentation os his salary from
900, cat which II was fixed is wears
ago) TO 1900, was made by the stock
hnld' rs VI 'oni any previous iBtimatIon
10 or from tim. He, doubtless. apnreciatt a
ms mark OF tier confidence m The faith
ini discharge of his duty, bui be uroba-
biy never dreamed that lis salary was IA
reward g for literally doing nothing ="
dnd, surely, Tor The lastyear or two tslnce
ne commercial embarras ,meuis berap)
MS ONCE has not been ii bed OF roses. II
~ H. eGl IS TO enieT mic Suu.paiison of
MS salary "ih that oi oIhcrs Ia a similar
SITUATION, or II might be asked why the
president OF lhr Bank OF tie United
Sia'es receives 6 or 7OG0, while the pre-
sideuts OF inr Offices receive only 1900
eacn; he salaries OF The oihcr officers of
thr Bank OF Virginia have been regulated
ny those OF liner institutions, and are
e"o 'ei t"iftrcas or diminui!Un, accord
ing IL circumstances,
IN NE fuinrss ut his candor, this writer
aSsegfS ihai the money OF The siOvkhoid-
cry oi Richmond, by building Banking
palaces" and III providing ;" Jobs for
friends and relations" In induIging hIs
spirneiic humOur against Richmond. he
iorgeis that banking houses have also
been built or bought IN Petersburg. Nor.
iolk ana FREDERICK snurg Ii san nkeom e
task to correct oil the insldinus ISLANDERS ot
al anonymous writer, but 10 prevent mis-
apprehension II may be proper to assign
he reasons for erecting the new banking
houses. The house III which the brancn
bank OF Virginia was kcptal Fredericks
burg had been consumed b, five. I'm
JAY 1873 the same accident befel fhe
branch OF The Farmers bank al PETERS
burg. The banks at Richmond being
exposed 10 similar ;.!;;i,gefs, il was mutu
ally agree Immediately after lie la Il
eVehi 10 purchase ground and erect
houses entirely secure against fire. The
directors could not attend TO lie details
OF The buildings and improvements, and
u was necessary 10 employ supeTinten.
dan', 10 have The work properly executed
Al thdt lime Tie superintendent who was
subsequently employ ed was not AT ali
InVlew. He lived III tie western mart nf The
state anu WAS not even known 10 The oen-
lleman who suggested the expediencv OF
building. The directors OF lie Two bank
afterwards gladly accepted The services OF
man on whom they could rely, athouri,
lac might even be the relation of one OF
'he presidents. He had The work execu
Ted, settled all the accounts aud received
Tie Ordinary compensation. He was al
itr"drds engaged 10y the Executive m
Tie JOB OF directing tie public i'm
proveDenis about the capitol, and is now
nperlntending the buildings Of the Cen
lrai College. He new banking houses
have more imposing appearance from
DtinS uniied IN one buiidiDg-bnt very
nile useless exprnce has been incurred
and no ornament introduced except m the
| front.
BY MaV of relnrnlinr Ill liz uL...n-