Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-02-07

which their money will not circulate? In every possi-
bic way and shape in which view the subject the
measure will be attended with the disastrous conse-
quences 10 the countrywhist, the other hand,
perceive no possible good which arise from IT, Among
those who in debt, which unfortunately forms very
large portion of the community, universal dismay will
take place, at the idea OF their property being sold for
tie or nothing, whilst the rich man, who has money TO
bnyit' will revel in their misortunes. Then indeed,
shall see Gas Mr. Hayne said in his late speech ON another
very important queston) 'thc rich man made rich
or, anu me poor man made poorer"
Du It Is said the institution is dangerous onc-that Il
may do harm. AS well mghtit be said that we will dis
ense with the oftose great elements essential TO
the lie aud comfort of manfrc and wa,erbecausc the
one may occasionally conagratc cities, and the other
lnundae our country But can perceive danger from
these rptions in this institution As yet it has been
kept within salutay bounds; and long is restrained
Dy wholesome laws and managed by udicious and honor
able men, Of which the stockholders will take especial
care am utterly at loss perceive from whence the APP
prehended danger can arise On the other hand the mis-
CHIEF oil putting it down. Is positive palpable Every
and child i'm the community will be made TO
ieei 'c elects in tho fall Of the value of lands and ag-
cultural producs-in the prostration OF commcrce-and
finally, in currency in which will have any con-
iidencc. ~ -
Another objection have heard made 10 the Bank IL
that considerable portion of its capital is owned by
Foreigners Englishmen This is strange objection
rom the circumstance of our being young country and
wanting capital, should suppose it would be great nd
vantage, that citizens of an older one having
should locate it among trade upon So far from this
being an objection, ought 10 be proud that we have
am institution inspiring such confidence among strangers
MS confluence Is so complete, that they rcnounce all
hc OF tner own lunds--ior,
nave undes'ood they have not voice in the choice
oil the directors But il they had, il TO be slpposed
they would choose men inimica TO American interests
when their partal,y for country and its instit
ions, had induced them To make this uvesiire, real
Englishman, with English notions and English prelces
would country sunk into the bottom of The OCEAN
before he would place dollar of money nj onr
posal Ii must, then, be different of persons
who furnish these foreign funds and it must therefore
be evident that there be danger from this o,arr
because IL suiilclen guarantee us, that men who
nave placed part OF their capital here and are ready 10
follow with the balance, whenever the occasion shall ar
nve VIII do nothing which is opposed to our Interests
Even now, many oil them may be their wav hihcr i'm
consequence of the insecurity of all property in ENGLAND
growing out Oh inc reform question; which, before this
the foundations of their Government bv the roots I'm
der such circumstances, would ask what kind of pocv
that would be, which would deprive such persons OF safe
deposit Tor the wreck OF their fortunes?
AS to the question Of constutionaly, saw nothing
aboutit; because that must be considered as settled #
an acquiescence OF more than 40 years. by all the depart
ments oil our government, considered sufficient we
can have nothing hrm-nothing stable-and we shall al
ways be kept floating backwards and forwards upon the
great sea of uncertainty.
This subject is very fruitful one and mucb couI bo
said upon it, but will not occupy your valuable columns
by saying than that implore the Almigbtv in his
mercy, 10 put aside this bitter cup
will, however, further add that am not so vain ne N
suppose that an humble individual, like myself living in
the interior of the countryr removed from tho angry
conflicts of party stiewho therefore sees tbnos ne ey
arewho neverowncd share i'm the bank in ouesiion-no
ever expects 10 own influence the opinions o The
PRESIDENT OF the U. s. in the smallest dcgrec-bu il this
shonld meet his eye and should contribute i'm anv man
ner, to divert him from his purpose, and STAY this wide
spread ruin, shall consider that have done my full part
towards contributing to the good of my country pdenen
dent OF any other feeble exerions NAV have beretoor,
made, with the same object in view. BANOUO