Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-02-24

1 poses OF tiaie aud internal intcreourse ana
'hai AZ can be aided very little by the paper OF
! EXISTING oankr; there seems TO be no resort
| let, bnt TO the paper of The government the
very tact stated by Colbert, as AN objection TO
4 mat, rs precisely shat makes IL a practicable
eNpedient and that is, that Il would not De. re-
deeinabIe in specie at the wilt Of the holder
but at stated pc, iUdS 10 ne lin ri by the vnvert-
! meniS when they would certainly be able Ia
me't The engagement. iu this way "A snihcieui
circulation could be had aud in u safer mode
than by SuSpsudinS specie phNmP,.is aS ~, Eng.
'""d, Al tins mOineH; ny ittvate associations
anu rene! given IN the CIuutry Without sus-
pending executions. COibett thinks that bv
assuming as IA principle thai this national pa
per eau only get ihiO circulation in one al two
ways, aud That bUfh are cxrel,Iionable that lac.
mas interrosed an insupeiabie obstacle o., the
project. lie sayS 1t the government i've il ia,
payment, the large amount they now Ia: "a. aud
mat wt'icA th"y VIII soon receive must l,e idle
unemployed III the vaults Ut The bank 'Ihe
feF;Fl OF the secretary 0i the treasury has ai-
s"eied thar objection by sheains that tue snv
ernnIent has very liIilp mun V ,l ,hp y,,ults nj
the Oduk and that here will be deiirieutv of
at least hre millions next wear Whici, >i,s,,srt
may with mere safety lie counted ten and nm
YES. >oinc relief ~ Given, rucl larger sun
i"is difhcnliv may be tnrihpr removed bN "A
reduction OF the duties winch ia eSnti.e .yuuid
not be unacceptable TO the ppnu,e al his ma
ihcht OF distress aud pressure. I'm the same
way ihc state governments miglt add to the
cir'u Ihiion, by paying claims upnn the state
and reduce the taxes so that their amount
WoniG only he sufficient in redeem the install
ln"hlS OF those notes as tIrN bpcamp due
mere Us YET another mode, large su!ii could
ne dlSbo>td OF IN internal improve n,rnis The
sIea' WORK OF opening ac' inmuLicatIOn thrcIu II
the heart oi this state, with the western waters
could he accomplished. and al ii time when
iahor aud provisions would he cheaper than
thet nave been tor twenty wears f. This WAY
great national and state object world be ac-
coihpished that would be more ihan a. coui-
vaiamt Tor the s,Oney II the state should redeem
IL anu evth without receiving principal or isie
rest sbere can he no doubt hOwrvcr thai
the daN rs not distant when ii,r stock " i'll sell
tor a premium viii Colhrrt give me credit
we" assure him, feel great respect tor hun
~ say, II was not quite far, by his scconii
oDlection L. the rs rne ui treasury notes tn ava.
hinsef OF the alarm and prejudice " hifii p.lst4
against the Iiank at the UHited States b, At.
tempting 10 Shew that an issHo 1T treasury notes
Wouid aid IN prositaii"a the Stale Hanks
think III would nave d direct contrary ndency
ana that the STATE Banks cruId eye, afford Ia
pay reasonable interest Tor deposit az snch
notrs payable Al certain times. They won ar
al eVents nave the advantage of Il comsiderable
POI ii0n OF the circulation OF the country within
thelr reach with which they could raw The
Gratis OF Other banks upon Them. ~ present,
they can pay III uo;hin. bat specie which soon
hndS Its way 10 bourne. from winch no travel.
Ter ever returns bnt the agency of any bank
IS unnecessary IN >uch operations 1t cannnt
ne necessary 10 say any thing to the credit
this paperw'n he III: the character aud means
on Doth governments puts that beyout all
"o"Dt; 'leir D'tug payable III duties and taxPs
would make them equal TO gold and silver
SUILY.