Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1831-01-03

mat winch required tie House O attend d,v nv d.,
! WE ,H"nN YOU I" insert this correction in YOUR
P'P''' N'SPcc"uiy' T.. DODDRIDGE
FoR Tur WuG
To the joint Legislative Commute ,r,oi,.,l,
t,Nam'nr IN the state and coalition of the Bnni;s
o. Virginia. D''NS
Gcn'i'men YOU viii have n.,luiy To rprfo,n,-.or,
mighty responsible character. The people of virgin
:. "N' ,ieir eyes upon lnu, and upon your works
You will be the first committee under tb. ,,.r -
'""tn'' TO ascertain, and faithful, report To I'M,
i"Visiature the true and actual condition. of liz
,a',"S OF Virginia over one of which, clouds and
narEness have hung for wears past, To -,
'"''h'"'N' VIII require much irnnrss of purpose M,
YOUR part you will not only have to contend agains.
az hf influence, which th- Banks can practise ahoYt
inc metropolis, but YOU will have Tn c,cnun,a.
ynur own h0 ~, the influence of two rr.s,I, ''r W
th"Sr institutions, pr baby some directors, and NJ
CoNot many stockholders besiucs, there arr. now
md !nvs'oiy operating "Pou the feelings
'"u judgment Hi tic memhersof the Legislature
,h" new gv"rnn'en Mt oug hit to begin ITS operations
y, W" very un'hH sound and If their be any tbinp in
tncsr Institutions unsound, the people oupb IN -
at. Remember, that of the two and his ILL:
capital, belonging To tho Virginia Bank mos Ia
one million belongs To the people, that if This Ri
s,'N' sIEr way, ul' large sum will be ieoparded aud
;, y" occurrence VIII carry with il, the neccs-
Sy OF new and heavy taxes at in.a wien me neo
PIE are less' .hie 4" tear such burden. As com
"'t'ec Following the usual course of acting be nseI
RED, that nothing can ne done, which Will ep,bi 80
TO arrive nj knowledge of Such facts as will be ~
pectcd Al your hands. You are not alowcd :, =: ca
derstpod To ascertain the of Individual acconn,
wuhou which, there pronounce all your LAHORE -,
b" farce. '' 10
How you understand the stair and co1;,;o
the Banks. without being allowed to examine in, ,
accounts which compose the millions that mr.. ,e
Standing How can you ascertain the condition of n
Bank, unless you first ascertain how much Ri it "
to be found amongst the funds of such Bank How,
can you ascertain good debt from bad unless Won, Nv
pe'",'ed 10 kn"w all The dcbtorsi Again saw that
your duty viii be bot badly performed ,,rIess va.
look M indN dual accounts and what ubicc,iop ca,
there beto ii! If every thing IS we'll the Ri LII
take p'cnsu IN shuwlE their accounts Ru, -, h..
been sad, that there is danger of these ,l;no ~
ing PunHh ny orng mentioned gain: il may he asl-
ed, are the members IF Legislative commute -
Uus' ""r''y 'Ian thirteen directors to eyery branch
OF these ins,iiutions' You can do 'no,h;ng nc n
seFes' uhIcS' you make an inspection of accounts
me basis OF your report But f you will decline H.
VIZ" S"u my ,'Ke another course, which will conduct
you To valuable information. The Treasurcr of ,L
commonwealth IS a vigiani and faithful oHic.r ~
VIII do his duty the Bank or .Isrwhero -, a
praSewnrtil independence: call this officer before
You, and ask him for all such informa,ion -, rI,:
10 accommodation paper, bills of exchange nriva,n
accounts, or any thing else calculated TO give = n
u''' 'S'in"hE "' 'hr whole subject. The Treasurer
eP'sS'''" INC commonwealth, at the board and II
wa be his duty, as well as lis pleasure TO NV g.,
Legislature faithful account of the nreyio,5 VIC
proceedings. THIS officer IS independent q 81,
"f wants ~" 'ayors at their hands, and will
hlyc no restraint upon has feelings, giving al, smch
information, as may be called for. lie will hov :, =;
'P""FF 10 give important information, rcllting In
two l"trrs which he received some rnnn,ls "6 ="
WI" INFORM YOU o his having laid these letters 6eC
'hr BOARD OF directors, and of his having hcer 80,
yea on 'hc Questions arising upon them 'TLis 10 a.
important poini OF reflection. the State ovn;,,r -
~ one 'ali the capital stock, is 0utvoted g., th hn
"hnn questions deeply intcre sting 10 the cor.U1s'
We''in, 5y persons who may represent GG,v sbar
w 1919. Is 'hls 'ighN and eau you return To vour
cnhf'Nucnts with clear conscien noes. un,es 49,.
Yg,nntly into the meant & of those tbings ''' ''o'>
INC tanks are now being placed in a ,Icrca,o ;,
@''" -"'tmeFt" they have probably deal, largeIy =;
,nrc'E' hls OF exchange, by which the, boye - ~
W" prom oy each operation; this sp,,rce re ,,r,c.
. ''S p'SnF away, and new state of tlings ,,;lI
rs ENcn,nge ~ill ccmc down perhaps as low a
~, "I MINING eS's's IN The commercial world In ir
uuce prudent mcu 60 ask Accommodated re-, VI
ABOUT The. towns who are cautious and i,', ~ "'c
"'e" paVr 'hcr money lying IL the Banks g,r biH
oEe'ner without use and without rnterest rothn h/
"'""'u y IN dangerous enterprises. Those vbo ~
l"""od''ion are IN general pres sed for none, -
10y arc on'y desirous OF making new debt a.. liz
purpose OF paying AN old one In suei, an go, w VIC
state oi things. the Backs will nccs..S c., 9,"a'e
serves CUTE Idlc--both with their Gicers "a ,t.
money iherc VIII IN truth be nothin, to H., ,ni
" '"enue" WIN danger Can il be piec o. a..
we" 70 continue the high salaries to ti,o offices, just
" man Eetsa thousand dollars per 1esr co. 49,
."s n'rd rom morning 60 night, is it right In con,;
Than half AN hour in tho day3 ~ w "o'K more
~ cannot he necessary 1, cor,;,,,. 80,
" 70 snning. Thatthe Banks feel tl,e ,,aat &c 49,
uS'' ~ evident tom the cycumstapcc ,b., - IS
va" ,t'tIy made large purchase Of sto,k ,,h;eh
WV Only GIYc our and three quarters percs,, rcy
"",,'' o." paper they get SIX and three quarters
th 'onclusOu, caH Che Treaeprcr b.C,e. i,''orJ
an may be WELL bu' IT. you fai m this and n, NO, e.
"!ne 'cc"un'si then will your iabors be laughed ~
wha.eye they may he. r..
~ tor le ~ ""o .r"'r,