Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-06-16
To tie Editors Of the ENQUIRER.

To the Editors Of the Enquirer
IN these Gays OF Reform, am glad 10 see YOUR
lndefafigabie correspondent, {" G EoRGE Civ
TOM entering tile list against the Banking Sys-
tenn. hope he will 20 on until he has eradicat-
ell every Bank in the United States. II is true.
ne docs moi cut with very sharp instrument, but
he repeats his strokes often, that if his industry
does not fail, he will in time, leave not radcle
from whence sprout can rise This is what I
call recurrence to fundamental principles. He
is for return OF the gold and silver age. When
that Is attained, he will doubtless rscur 20 the
more primitive times of Barter Indeed. he has
shewn the utter uselessness of silver hy propjng
That " man on a barren rock can live long err ON a
oushei OF meal than on hushe of dollars" On the
Senerdt system Of Banking he has Frustrated such
visionary theorists in political economy as Adam
Smith, Malthus, Ricardo s. Say, & tell you thai
the boosted wealth Of England with her eight hum
dred Banks, and of Holland, with her, know moi
now many, is all ideal. Spain and Portugal with
their gold and silver mines, tcere the truly rich
New FORK aud Pennsylvania with their rai,-ways
and canals and banks must neeessitate rel be in
the road to ruin."-If one bank produces GER
tain 9itdnttnn OF mischief, how much viii 20 BANKS
pro1uce: schcoi-boy can work the by the r,.ie
Of Mfee Our sister st tie, N Carolina has very on.
Portunely opened her gold mines to slperee,ie the
paper OF the" Slate Bank" and hope She will
| furnish US with abundance for circulation-anJ to
| spare &c. Z. has priced that the Banks have
brought sterility on the lands of the Ancient
1 :,
| ton TO The W est; and once heard a. venerable
patriot, who remembered the COOL old times
when the thirteen States colonies assert that
g the country had been ruined by the use of the
ID plough, for so long as the hoe only was EN-
p'oyed 10 work our corn, you no guiiies, and
AL the corn was not eaten up by the horses" /
am Radscdi too, and wish to see the country
restored to its pristine condition-int.eed, [ am
confident, that the whole civilized world was better
OIL before the discovery ofthe art OF priu,ius- as
q gun 1
mischief that has done. We are ruined nv what
are cJlied improvements. Banks are called the
iaoour-savlng machinery Of commerce, and are
compared 10 the use of the steam-engine in ma
Vigaflon-of the cotton machine in manufactures
and the threshing machine in agriculture Rely
on ", all this Is mere hufn-bug. There is over
production in every thing aIr we should be hap
pier without any OF them. Let us get back 10
nara a0iiars-to our river-crait instead OF these
steamboats, that consume all our Rood>-to our
hand cards and spinning wheels to econoinze la
oour-and to the fail and tread yard 10 save ex-
pense There is so much head-work in our DAYS
TO abrdse labour, that there will soon be nothing
ieft Tor men and women to do with their hands I
expectto our corn-fields worked by loco motive
machines ere long, unless the Banks are nut
uown. All things must have be ginning and
your correspondent very wisely suggests the ex-
Pediency OF not re- charterng the Bank of Viz
giDia Now, the great fear have il, that the Ma.
tons OF Europe will get 10 logger. heads before
the termination OF the charter, and we shall then
obtain such good prices for our bread-stuTj tIa,
the people will forget their dis.resses and
care not bg about The Banks, for their
ands may rise in value, and they can then nav
their debts. Should this not be the case. and
the Stockholders are satisfied with the conjeettral
proofs OF w. Z. as 10 the situation of the BANK they
can nave no desire to extend the charter, for they
PROBABLY feel as much interest in ther own siocy
"a he does in that OF the Commonwealth. II NAV he
some little hardship on them, that the Directors
have managed their affairs 50 irnproyiden,Iv, es.
pecialy as they had no voice in the appointment
OF them-out :" partial evil must yield TO uni
versai good" When the Bank begins to wind NO
its concerns, and TO draw in its paper, the oner,.
on WIZ be the more etiectua in Fastening the pol
Den times, by the necessity the other state Rant
VIII be under to proceed paJi passu in drawing In
as o. OF having all It's specie taken away by
The Bank THAT winds mp. To ensure the return nj
the golden age, the Legislature hope win On enc
step farther, and declare il 10 be rnisde1neanor in
any citizen OF the Commonwealth TO receiv. ar 40
me notes OF other Banks for, such is the inYeerats
preference OF the people Tor these r,,,s - ,L,t
they will otherwise continue to tske the,, n,srnI
10 save themselves the trouble of counting vvcj.b
ing ana transporting the precious metals Wha,
the whole United States shall have dseijrd 10
ABANDON the RANKING system, IL will moi reo,tire
ihueh more tDan The entire exports of tSo years IN
buy specie enough for our circulation. and snreio
we can 90 very well without Blankets and hroai
cloths Tor that space Of time. This. revep,,e -,
suffer from non-inportatou, but that il the lonL
on. on 'ne General Government. There may be
nuie dinchity too in prevailing on, o,he u.S;ona
10 puy our produce when we take none of tbeir
productions IN return but the Embargo pr,yeI
mat they could not tlo without us The Com.
, ~. cannot be very much inconmoJcd''
70 ahy loss u may sustain in putting down the
psnso OF Virgina-seeing that Il has already gain
90 great deal from the Bank and only paid for
oVVV out oi 5000 shares that il holds. snJ one is
not badly on in these times who gets back his own
Besides, steam boiler occasio,,.I,., -,