Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-05-15

nnos and get, no sooner did the pcop1e readily. ~
~ axe Il. than j. disappears. so that scarcely
Ask, ~ The Southern part Of Virginia has suffered
ny this exclusion Of North Carolina paper Car
AMY not; for its place was Immediately supplivd
~ ~" virginia paper. which is now 81 plenty a. N.
Ns,on"A paper was before Perhaps, Il will ba
said, mat but for the Banks in virrinia. thero
wou'd have been nothing with which to cover the
srace ieit vacant by the dsappc arance of tho N
ar AROMA paper; yet there can be nothing de-
'oPuous tnsn THIS notion. The fact, that good
currency will take the place of bad. II Won ar
e'"de the bad by common consent, is clearly de-
monstrate ed by the fact just stated: and Yrsini.
money was nowto be excluded n the same way
certain, than that specie would rapidly succeed H.
Tbetruth is, money is of no other rcsl vaiue.
than to purchase that which its posscssor desires.
and which somebody else has to spare. Beyoui
this, the value Of money is altogether ideal; for
human wants. as Nature made us, are but few;
aud from the largest fortunes, we can only use as
much AZ will serve our persons
There Is no more danger ofsurplus produce spoil
tn"s, ior want oil market IL there be demand
Tor II any where, than there IT, OF surplus money
nor being able to 6nd the produce which its hold
er wants. II man holds money. and wants
bread, winch others have, he will send hi. mo-
hey alter the bread, and if man holds bread, to
spare Tor which, he wants money, he NAV either
send his bread after the money, or he may wall
Tor him who wants bread 70 send after i.--one. or
the other, II not both. will surely happen From
me premises these deductions flow; that country
WHICH mas surplus produce of any kind will AZ
ways ind ready means of disposng of it, and that
the country furnishing the surplus, may On receiy.
ing payment, limiushn currency in which the par-
n; is TO De made, to either paper metsc as,
in pts wisdom, il may choose. Suppose. that no
banks were nov In Virginia, and she should pass
raw ueciaring that no paper currency Of any kind
should be circulated in tho state under heavy
penalty; does any body believe that bank notes
would be seen amongst US. Or does any man
of
not have specie currency equal Ia the value of
our surplus produced II would seem ID me- that nc,
experienced, rejecting mind can arrive at con-
eusion so full Of error. In the case supposed.
would ask what would become of our surplus p,o.
duce! Would IL not necessarily be shipped either
coastwise or abroad All will admit that il would:
and II So ought 1t not also be admitted tina. the pro-
ceeds OF this surplus produce whether IL wac sent
coasiwise or abroad, might be brought back IN
specie! Ii this would not be the case, L should
like to hear the reasons which may be given in on
position TO It, For myself. can conceive of but one
and that is, that The owner of the produce did NOT
choose to bring home the proceeds in spssie
GEO. CLINTON.
A CARD.
The author of George Clinton thinks il proper
tnat he should, at this stage of the publication of
ms numbers, plainly declare that he rs i'll no tra
interested IN the local banks of the Com
monweaiih. He is not stockholder nor is his
name III either OF the banks, that he knows of, Ell
'her Tor himself or any other person--nor is he.
at all interested in the United States Bank,
except as the owner OF few shares of too
incrnsderable amount TO operate upon his iudg-
mont. These few shares he would readily giue Up,
upon condition that the charter Of tha. bank should
never be renewed. To the system of banking.
ne has been constantly opposed and he is not less
disposed to see an end put TO the u. 8. Bank than
10 all others La such numbers az he has writ
ton or may hereafter write, the author dsclaims
any i'll -ieeling towards those who manage those
institutions, or towards any body else His sole
oo,eet Is to awaken reflection upon a subject
which he verify believes involves the he's, ;n,er.
ests OF the country believing that, il the peopie
can once he brought TO think seriously, they will
discover the miscl,ies Of banks, and apply rernc
Cyl ms may be considered, for the present,
s''hcient notice of The article conisined in the Tei
egraph of the sth Inst