Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1829-07-06
Win thee we'd wish to lite,
with thee we'd wish TO die.
ga. sweet.hearts and wives, Is cheers.


n, N, Editors ofiks Lyiehburg pirgimian.
10 g.,1o,,eo You hive undertaken to notice
a,'r,hers lately published n, the Richmond
Encu;rer. in a way somewhat mysterious, and
i-"ss s an,;reIv inesplicabie. Your first article
,,,on the subject was curious enough, but, when
lien in connection with your second notice,
,,,,,a;ned in your paper OF The 10th INST. par.
don me for saying that some explanation OF
The following views, presented by you, VIII ne
.es.arilv be expected, because, they certainly
do mol explain themselves. Ia your hrst piece.
Won sas that, although you agree with u. =.
IN the view which he presents Of the evils hris :
40 from Banks, vet, so long IA commercial
communities exist, they cannot, OF ougui not
20 he nut down. Now, will simply ask, whe-
r.. .nrmercial communities did not exist
a'',.r;or n The year 1904, (when the bank of
W;ra;n;a ras creaied) to much larger extent
...s, ,hev do nav I Aud was not The amount
81 aach years imports in Virginia more than
double. iripie, and quadrnple what each years
;mnortation now is You will be obliged to
answer in the affirmative, 10 both those cues
lions because the records Of the country may
he broupbt forward as witnesses to the Tact.
Nad Virginia any baak Mt that time Certainly
,,o,e except in Norfolk where was located a
hrancb of the United States Bank, about the
ear 1900.
Ask the old men, and even merchants. If you
lease who we're active business men IN those
,lays whether any Inconvenience was fell for
wan, oS hanks, and they will tell you there was
none Nav more-!venture TO affirm, that The
scheme for banking 10 Virginia never proceed
cd from merchants but from others, possess
ing yery little practical knowledge Of Banking.
Your fret proposition, then, as far as can
understand it, is nj once contradIcted 10y The
facts which have mentioned. In your short
view of the subject, to be found 10 your paper
of the 25th, you say" so long as commercial
communities exist, banks are necessary, and
will be sustained even, il instead ofnine tenthS,
ninety nine hundredths OF the people, should
<ndeavGr to put them down.
The first part of this proposition rs already
answered, and will not be again touched. but
VIVA, do You mean by affirming that ninety nine
bupdredtbs ofthe people could not put down
,he banks Do you mean TO say that, one
hundredth pnrt of the people aided by The err
asting bnnks, would be mOrc PoaeeJa than the
ninety nine hundredths who may he opposed
to them? DO you mean 20 say ihat the hanks
having now all the money IN The Common
wealth. can sustain themselves IN spite oil me
people Do you mean 10 say that the banks
can bun IN as much foreign force rs viii ena-
bile them 10 resist the will oithe people OF thus
Commonwealth Iisou do not mean TO say
any thing ofihis kind, pray inform us whatyou
do mean, when YOU say that the banks, with the
aid OF one huqdredlh par! ofhe people, can re
sst the nLral and physical force Of ninety nine
hundredths OF the same peopief
Believe me, when say, that this language IS
calculated 10 do but little service 10 the banks
1t presents a spritof defiance, worthy OF beng
probed, and deeply probed. IL such De m
deed the alarming power OF banks. the people
viii soon exclaini, every where. that It Is time
TO attack them, with every description Of pow
er.
know not who George Clinton ia, bat like
his views, and trust he will he sustained by
the people. whoever be may he, and wherever
he may live. A COUNTRYMAN.
REMARKS.
OF In reply TO the above Communication,
without date, but bearing the Richmond post
mark, we have but few remarks to make.
We q not doubt the truth of the assertion
made by our correspondent, relative 10 the dit
ference between the amount Of each year s
imports anterior 10 the incorporation Of the
Virginia banks and the present period--but
does that prove that the amount ofimpofts into
the State no,D would be increased by the re-
fusal OF the Legislature to re-charter the
backs Certainly not. Causes existed then
TO favor i'm portations into the State which
have ceased TO operate. Norfolk was very
extensive importing town-so we're Petersburg
and Richmond. Indeed these three places
bore the same relation 10 the State Of Virginia
and n large portion of North Carolina which
New York now does TO nearly the whole of the
two States, including, in great measure,
Richmond, Norfolk and Petersburg. The
large importing houses which formerly ex
sled in those places exist no longer. viii
our correspondent contend that the jncorpor
poration Of the Virginia banks have driven
imports frcm the States He surely will not
The trulh is, importers find greater facilities
IN New York, Balim ore, &c. ; and they can
supply the Richmond merchants cheaper than
fhe merchants can themselves by direct
importalions. The imports have not dimn
ished--bu. they have been tiansferred-from
Virginia elsewhere.
We have enquired as TO the state Of things
IN this place before branches were established
here and the answer we have received justi-
iies the assumption at which our correspondent
cavs, that banking DiH exist in commercial
III some shape or other ; and our
assertion that il cannot be put down if ninety
nine hundredths oil the people wished it to be
done.-The system of banking existed here be-
fore any branch OF either of the banks had
been given 20 US: and hoap did il exist Why
two or three mercantile houses. who possessed
nearly all the capital, monopollzed all the
trade-weve' the bankers ofthe farmers-held
their surplus cash in their hands-& gave them
what prices they pleased for their produce. The
small fish were excluded from all competition,
and larger ones eat mp the substance of the peo-