Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-06-04

interests Bankers from sectional jealousy OF the
contemplated improvement, were insufficient at the
the Bank OF Virginia; but not so with the Farmers
Bank was about to say, that the superior Judgment
OF Its owners had,willed different result The fact is
however, that owing TO undccounfd6ie apathy the
subject though deeply inter sting to them did not bring
70 The meeting the number required by law pass upon
me measure The vote actually taken, however, being
about TWO TO one in favor OF it, indicated clearly my
mind that an adournWent of the meeting 10 some future
period, aofdng 10 absentecs opportunity of attending
e ADJOURNED meeting, and time ior reflection BY those
Stockholders opposed 10 the upon the attitude in
which the decision OF the Bank of Virginia had placed
the Farmers Bank, would the subsc of the
latter Here regret that the interest OF the Farmers
Bank, (Which is the single object OF this communca
uon,) will not allow 10 pass over occurrences at
The meeting OF the 9th, which would have rendered
the proposition OF such an adjournment useless con-
Sumption oil the timo OF the meeting. Though, rs
already stated, the vote, lar taken decidedly
sVouraoe 10 the measure, 1t so happened that most oil
NOSE IN favour oil the subscription retired they voted;
whist lose oil The opposition, remained at the meeting
IN 'his state OF things (he vote yet proceeding)
proposed when the meeting adjourned, il should be,
had been the at the Bank OF Virginia. TO meet 10
e succeeding day, and although il perfectly mani
lest that such necessary 20 a full
OF The viii OF the Stockholders, convened aud residing at
the seat oil the Bank, voted out by a majority too
decisive to Justify the hope OF distant Adjournment
and was moreover followed by proposition, anxously
urged Tor an immediate aud final adjournment, in the
lace OF the Stockholders then voting upon the proprie
" OF the subscriptions, and when the poll had been
open nut about an hour and half The latter
though unsuccessful obtained support which sincerely
regret TO have witnessed, and O'clock the meeting
adjourned sine die.
As Is probable that an effort will he made to effect
her meeting upon this important subject whatever may
De your views oil the James and Kanawha scheme yoHr
own interests as Bankers should induce you look well
to the present attitude OF the Farmers Baukoomed il
she continues to occupy it, by the audabe decision of the
Bank oil Virginia. aud her apathy if TO an early
DEATH at least, TO scky existence he remainder of her
lte One or the other, OF not boh) OF these consequent
ees' however opposed by theorists, inevitable that
latnr sl.allr
proof! Then say that the Bank OF Virginia accepting
the offer presented Ivy the last Legislature alike to her
anu 10 the farmers Bank, has rendered it almost certain
the latter persists in her refusal that the ground which
she refuses, should it remain until the meeting
another Legislature, will then be occupied either by the
BANK oil Virginia or some new Institution. In such a
state oil things, what can the Farmers Bank expect
at the hand OF the Legislature? Can any one at all
conversant with the of events, find difficulty
IN answering this question? l think not But the
"o"ns oil the Legislature are not the most immediate,
nor III my view the serious of the ills which must
await her continued refusal AS that the pop
lar scheme OF Improvement which the Bank OF Virpin
IA ABOUT TO subscribe, commences without the aid OF the
Farner' Bank, will large share of the best business Gus
tom oil the latter determine 10 the former The postes
OF the James River and Kanawha Company and of its
trends upon the whole line OF improvement must
take the same direction, leaving the Farmers Bank
as principal reliance, Except at those branches OPP
posed 10 the scheme) the business refused by others
and such banking institution ought TO desire and
what is there so terrific in the James and Kanayha
schene as TO Justify your encounerng by your refusal
oil 1t, consequences opposed your own prosperity?
DO you dread the additional trade which success must
inevitably creates the improved value will give your
own real estate; and to that which constitutes the main
resource OF many OF your debtos' Or you alarmed a,
me option to increase without bonus your capital 3?
Like most other schemes oil improvement of trade lis
results are not absolutely certain; but you find one oil
equal eXten, in this country which promises better and
would your chances OF loss by it, equal those which are
inevitable from your refusal? Ponder ell upon this vic
OF the subject.
SroCKHoLDER, AND SINCERE FRIEND OF
THE FARMERS BANK VIRGINIA
June LIST, 1888