Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-11-02

The figures being given for each year the Journal thus
| recapituates the RESULT
"Eence appears that the aggregate tonnage arriving
in ports from the British West Iudes aud British
American Colonies in 1884, when MIR. McLanes arrange
men was in operation by S6629 tons, than on an
average o the three preceding years, when was not In
operation and the tonnage departed from the United
States for the islands and colonies greater by
! 1874 tons"
Reader, what be required to establish the claim
upon the people OF the present national Administration for
continued support Let be remembered that this branch
OF our trade thus reganed aud Increased by Jackson and
his cabinet, destroyed lost by Adams aud Clay during
their stay power DO the people desire to roinsate
those men, The exclusion OF the statesmen who have
been successfully engaged in repairing the Commerce
OF the country! Let political aspirants demagogues
say what they may aud magnify minor faults into unpar.
donablc offences, and still the people will discriminate real
services from mOCnShne preensions, and repeat with
mat President Jackson may safely eXclai"O that mine
enemy coutd tcrite boOk" provided only that
would guide his pen.-.hdne 1frgmS.
The following very appropriate and judicious remarks
we take from the Journal of Commerce, neutral and
ry Influential paper, upon the Bank authorised circular
OF MeSsrs Earrings, together with the entire having
on a former occasion given only an extract
Inc following Circular addressed generally 10 the
tee to which II refers is that OF the Secretary OF the Trea
sury dated July 10TH 1892 informing the holders OF per
cents that two-thirds OF each OF their certificates would
De pau OH on the l oil October, 1882 and the other third
on the lst OF January, 1888 We do understand 10y
what authority the u s. Bank nimated 10 the holders
stock that they might their scrip receive inter-
est from the Bank. The Bank directed to pay the IT,
States debt We can hardly suppose it would adopt the
course pointed out in the Circular below, without the
appreciation OF the Secretary of the Treasury the
other hand, suppose that the Secretary would Ell
Their ieei authorized Or inclined to give such approbaion
LONDON, August %, 1892.
Gent The annexed notice GOT MIR. MeLane) will APP
prise you of the periods at which the So per cent.
American Stock standing in your name will be paid of,
and the interest thereon cease Should you think fit TO
employ the correspondent employ, for the collection
thereof 1t will be necessary 10 forward the certificates
immediately to the United States accompanied by pow
er oil attorney and instructions the
capita-whether there TO be in some other
curty or RENTED to England. Should you however, be
DESTROYS to postpone the time of we have
the authority cf the Bank OF the IT, engage, that
!! will continue TO pay the interest heretofore, up
the LIST oil Oct 1888, when the whole OF your capital will
DC 10 you or your attorney i'll one payment,
on delivery o the necessary documents prov ided YOU in-
ma,e TO us In writing your wish To avail OF this arrange
nent on or before the iih OF September next We have
the honor To be, sc.
(Sgne,) Barring, BROTHERS s CO.
Ia this ii will be SEEM that the Bank has nteriered d-
ccy to defeat the government in their financial opera
tons TO pay OIL the public debt, and relieve the country
from its responsibilities.
The operation is this: The government give notice
that on certain day they will pay the per cent debt
which they owe;-they place in the hands of the Bank
lhe money Tor that purpose, and instruct ii pay
70 'he nouers ana receive the certificates The Bank, in
stead OF proving faithful agents. say TO the propretors of
The government debt hold upon the responsibilities of
me government; let us keep It's money aud will paw
you the interest. Thus is the country continued in debt
notwithstanding it has provided and appropriated the mo-
ney TO eXunguish il.
Can any look this, and in canlor saw that such
an unheard-of interference by the Bank with the affairs
of the nation does call for the most exennarv
iShmcnH We think not The government possesses the
power, aud :he mode is very summary The with
drawal oil the public deposits and placing them i'm the
hands of such agents will observe its wishes and obey
ITS instructions This doubt many OF the local banks
VIII gladly do; and while they afford equally safe de
poory OF the public treasure, they will extend TO the
commercial, manufacturing aud trading classes of the
community as great, II not more liberal accommodations
Than a., the Bank of the United States has done.
lat such punishment should be visited upon the Bank
we uhk no one can deny; and that the power exists
hcing IT, is fully manifested in the charter in the 10Th
specialization OF the 18th section OF the same which is as
ioows THAT the deposits OF the money of the United
STATES IN places in which the said bank or branches NAV
DC established shall be made in the said bank or branches
'hereo unless the Secretary of the Treasury shall al
any fhe OtheTtoiSe order and direct; in which case the
secretary OF the Treasury shall Immediately lay before
Congress- In session. if not Immediately after The ne
SESSION. Tie reasons OF such order direction" We re-
peat we think that this interference of the Bank is
Exercise h 1r ihe SsSraiary If me charter WITH
= .o--7 nI'crerence by its officers and the aid
which 1t has lent to influence eecions-Pennsyl-
UGRidn .