Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-01-27
FoR THE WI,tC.

FoR THE WIG
An cfinrt is now making in the Legislature 70 70.
new the Charter OF the Bank Of Virginia of the Bank
OF the valley, and of the North Western Bank -
hcSe three Banks, IT seems, by singular con-
Junci ION of circumstances have npped fur r, newnl
OF their Charters at the same moment In this nj
tempt atm altogether at loss, to or To
explain the cause of their simultaneous movement.
me Chartcr ofthe Bank OF Virginia, expires IN Nav,
l6J3,-those of the other two, not till 1885 \ am
cISdlbly informed that The last named Banks had no
luea OF applying at the present session of lac egsla
ure Tor renewal of their Charters and the
cohnIma'ioH OF this opinion consists III the fact that
the Delegations from jeff rson, Loudoun and Hmm
shire, where Branches of the Bank of the Valley are
established had not had the slightest nimation from
any ihav"Ial Whatever, interested this institution,
that such an appiration would be made For the
correctness OF Tins assertion. who Curious TO
Know are referred to the gentlaincn in question
AT what time pray you, was the petition for the
valley Iank gotten 10? Pardon the term for ex-
press myself as think and feel assured as am that
not one 81 those gentleman is prepared say that lie
has received any Instructions whatever from those
whom he represents, who have, have not an intc-
rest IN this subject. Assuming this then to be true
am still more perplcxed 10 account for this Joint ap
plcat!on Has there been any correspondence be-
tween the Bank here agents and it's co a,liu-
tors beyond the mountains. Ifso, should like 10 see
the arguments employed induce the latter to sec
ond, win go much promptitude. the wishes of the
former, four long years before their Charters were
limited to expire. Surely the great change about to
be wrought IN Constitution Of Government uld
not have had the effect of influencing them to sus-
tain and counieuance the application To echarter
Bank, which from some strange mismanag cement of
It's funds, is admit ed 10 sunk more than one
tenth of its entire captal'-which will require two
years dividends TO replace that loss. Sometimes
indeed,
~ fellow feeling makes US wondrous kind
But here the kindness appears to be gratutous
" is mysterious.
But object to the log-rolling character of this an
DlfTht fIlpcn 10 Ia,
upon their separate merits, apart from any principle
involved In all other similar cases ca cs canvnsscd
and reported upon separately in this the origin and
progress is tria juneta una, indicating dot ermna
ton TO share common fate. While am UNWILLING
to question the motives to impeach the word of
ny gentleman tavorng the pretcnsious of these Banks
must exercise my Judgment and make those infer.
ences that existing facts, inevitably bepet;-For
am credIbly assured, that far the Bank of the
valley Is made To be concerned in this matter, nIne-
teentwenticths Of the Stockholders never dreant Of
any such application and have remained ignorant of
1t even TO this day, unless apprsed through the
medium OF the newspapers. AN OBSERVER
u An Observer dscloses some singular facts in
relation TO the applications for the renewal of Bank
Charters. Do not all the facts of the case and the
peculiar circumstances ofthe time, Indicate the su-
pefior expcdencyOf referring these matters to the
Legislature ofthc new Government, where the pco-
Pies voice will be more equally heard, where the
cost will not be heavy, and when the applications
will be strip, of the features which now 30 rresst
IDLY progresses the public with the ideas of coalition
log rolling and management This matter is begin
ming to be considered by the public, with no small
share of offence and curiosity. There was evident
y expect alton, that the three corporations were to
force each other through without reference TO the
separate and independent merits Of the respective
applications.