Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-03-24

to an Individual. or a c,ass Of iadi4idua,s. "a
vored by the Central power. the golden stream of
fae'ous would How direct To all such, the munifi-
cent mandates of the High Directory would come. as
the tabled God made his terrestrial visit Of love and de-
sire, enveloped in shower of gold But TO others
TO those favored and to those hated tho mandates
OIL this same Directory would be as =" the planetary
plague, which hangs its poison in the sick air " death
to them death TO all who minister to their wants.
what state OF things What a condition Tor con.
federacy OF States What grounds for alarm and ter
rioie apprehension, when, in a conederacy OF such
vast extent so many Independent States so many rival
commercial CHESS much sectional volen
Pohuca parties, such herce contests for powerhere
should be but one moned tribunal before which all the
rival and conendng elements must appear but one
single dispenser OF money, TO which every citizen eve.
ry trader every merchant every manufacturers every
planter, every corporation, every city, every State and
the Federal Government itself, must apply in every
emergency, for the most indispensable loan and this
IN the face OF the fact that in every contest for human
rights The great monied institutions Of the world have
uniformly been found on the side OF Kings and mobiles
against the lines and liberties OF the people.
D. 10 hold real estate receive rents, aud retain DO.
oil tenantry-Ihis privilege is hostile TO the nature
oil our republican government and inconsistent witl
the nature and design OF banking institution Re.
pubics want freeholders, landlords and tenants
and except the corporators in this Bank and i'm the Brit
ish East India Company, there is net an incorporated
oody oil landlords in any country upon the face of the
ear'h, whose laws emanate from Legislative body-
Banks are Instituted to promote trade and industry
10 aiu the Government aud its citizens with loans o.
money Inc whole argument in favor OF banking
every argument in favor OF this bank-rests pon that
idea. No one, when this charter was granted pre-.
sumed 10 speak in favor of Incorporating society OF
landlords, especially foreign landlords TO buv lands
ouiid houses rent tene ments, and retain tenantrv
Loans OF money was the object in view and the nur.
chase OF real estate incompatible with that object
& Oh remaining bankers the corporators may turn
iand spectators; instead Of having money to lend
ney may turn you out tenants 10 vote. To an applica
uon Tor loan, they may answer, and answer truly
una, .hey nave no money on hand and the reason may
10, Ia1 in NJ.
De 'he case at present Committee of the Iegisla-
lure OF pennsylvania has Just applied for loan: the
Lresheht OF the Bank, nothing 10th to make loan to
.ha great Saie for twenty years longer than the char
Ter mas exist expresses his regret that he cannot
lend out limited and inadequate sum- The funds oi
.he institution, he says, will not permit il to advance
more IMAM eight millions Of dollars. And whv be-
cause II has invested three millions in real estate To
TINS power to hold real estate is superadded the
to acquire it. The Bank is now the greatest monied
power IN me Union; in the event of the renewal of
ITS charter, ii will be the sole one Sole dispen
ser OF money, ii will soon be the chief owner of pro-
perry 10 unlimited means of. acquisition, would be
united perPetuity OF tenure for corporation never
dies and Is free from the operation of the laws which
govern the descent and distribution of real estate in
the hands OF individuals The limitations in the char
ter are vain and usory They insult the understand
ing and mock the creduliy OF foolish believers The
BANK Is hrst limited to such acquisitions of real estate
as are necessary TO its own accommodation then
comes provso to undo the limitation so far az II con-
Germs purchases upon It's own mortgages and execu-
lions This is the limitation upon the capacity of such
an institution TO acquire real estate. AS if il had anv
'hing TO do but to make loans upon mortgages and
push executions upon judgments Having ali the mo-
ney would be the sole lender mortgages being the
road TO loans all borrowers must travel that road
when birds enough in the net, the fow Ter draws
his string, and the heads are wrung Off So when
mortgages enough taken, the loans are called in
discounts cease curtaimens are made failures 10
pay ensue; writs issue; judgments and executions
follow all the morgaged premises arc for sale AZ
and the Attorney of the Bank appears at the elbow Of
the marshall sole bidder, and sole purchaser
ITO be continued