Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-10

The difference between them arises from the nature of the
business transacted by the Banks in these different places
Inc State Banks selected are all institutions OF high char
ac'er and undoubted strength aDd under the
ment and control Of persons OF proby
intelligence And In order to the safety OF
public money, each OF them required and has 10
give security, whenever the amount of ,l, ,,pos,e
shall exceed the half Of the amount Of ia. csp,si
iusy paid in and this Department has reserved IN H.
sell the right demand security whenever il NAV think
advisable although the d-posite may not be
equal to the above stated The Banks selected have
also severaily engaged to transmit money any point nj
which may he required by the directions Of this Depart
nent, for the public service, and to perform all the A..
vices to the Government which were heretofore render
cd by the Bank OF the United States. And by agree.
nen,s among themselves TO honor each 9TH mites and
drafts they providing general currency at least
sound that of the Bank OF the Unied States and will
afford facilities commerce. In the business OF dome site
exchange, to equal any ~h the conmuu " here
toiore enjoyed There has not been yet sufficient time
to perfect 'hese arrangements but enough has already
been done, TO show, that the Of pedie
Cyl Bank Of the United States Is necessary either
lie convenience and that every object which the char
ter TO the present Bank was designed attain, may DO
eiec'ualy accomplished by the State Bsnk.. And, Il
this can be doue nothing that 10 useful will be lost or en-
daDgered by the change, while much desirable
be gained Oy IT, For these corporations " in
possess that ABSOLUTE and almost Unlimited dominion over
the property oil the citizens OF the w. States which the
present Bank holds and whch enables any nome
It's own pleasure, TO bring distress upon any portion OF
the community, whenever il may deem Il useful TO its in.
,eres to make its power felt, Tho influence OF each Of
the State Banks limited to it's own
neshhorheod and they will be kept In check by the other
local Banks They will not therefore be tempted by tue
consciousness oil power to aspire political influence nor
likely to interfere in the elections OF the public servants
They will moreover be managed by persons who reside
In the mds, OF the people, who be imme diaely al
tec'ed by their measures, aud they cannot be nseusbe
or nderento the opn aud peculiar interests those
by whom they daily surrounded aud With whom thew
are constantly assocang. These circumstances ALWAYS
furnish strong against oppressive
power, and orcely recommend the employment Of State
Banks IN prefe' ence TO Bank OF the w. 8, wi its
numerous and distant Branches. A corporation the
latter description Is continually acting under convic
uo OF It's Immense power over the money
whole country and is dealing also with tho fortunes and
comforts OF men who distant from them TO whom
they are personally strangers. The Directors of the
Bank not compelled hear daily the complaints and
witness the sutferngs Of those who may be ruined by
their proceedings From the nature OF such an in.
su'ion cannot always be expected to sympahize with
the wants and feelings OF those who affected by its
policy. And We ought not perhaps to be Surprised il
corporation like the Bank oil the u s. from the feeling
rivalry or from cold calculations OF or ambition
should deliberately plan aud course OF
hghy Injurious and oppressive, in places where Drec.
tors who control its conduct have local sympahes
restrain them. Ii is fixed principle OF our political in
stutions, TO guard against the
oil power over persons and property, in any hands, And
no hands are less worthy to be trusted with than those
o monied corporation In the selection therefore OF the
State Banks as the fiscal agents of the Government no
disadvantages appear have been on the
safety or or the general interests of
country while much that is valuable will be gained by
.ne change; am, however, well aware Of the pow
er oil the Bank OF the United States, and of its ability 10
bring distress and suffering the country This is one
Of the evils Of charerng Bank with such an amount of
capital with the right OF shooting its Branches into every
part OF The Union, extend it's influence to every
neghborhood. The immense loan of more than tv
eight millions OF dollars suddenly poured ont chiefly in
inc estern States in 1881 aud the first four months of
1857, suhceny aests that the Bank is sensible of the
power whchits money gives il, place itself in an
attitude onake the people Of the u s. feel weight OF
resentment they presume TO disaPpont the wishes of
the corporation by severe curtsilment, il has already
made proper to withdraw portion OF the money held
on depoe, and transfer it TO the custody of the ne s
cal agents. in order TO shield the community o The in
Jus'ice OF The Bank OF the United States But have not
supposed that the course Of the Government ought
to be regulated by the fear OF the power of In,
bank. II such motive could be allowed to influence
,ne egaion oil Congress- the action Of the Executive
departments oil the Government, there is end the
sovereignty oil The peoples and the liberties the
are al once surrendered at the feet of moned copora
tion. They may now demand the possession of the pub
TIC money or the renewal Of the charter; and these OBJ
Jects are yielded them IRON of their
er or from the suffering which rapid curtamen,s on their
s ss are III the community what they no.
more iorbeariDg in its course What NAV Il, NOT here
alter demand, that il will not lift peases be all. IN onirc.
by the means
These considerations need not however, be pressed fur
er I'D tnis report They too obvious and striking To
need enforcement by argument. And reiy with conf
dence on the Representatives Of this nation
70 sustain measure which the best interests OF the cou
"y calico Tor, and which had become absolutely
sary 70 preserve untanted its free institutions 10
euro 'h" 'eorieo e"d happiness or the people.
am very respectfully, your oLedent servant,
H. ID. IANEY, Secretary of the Treasury.
FROM ALADAMA-O1ens' Case.-We have been
informed Oh the authority OF letter ION the OF dis.
turbance in Alabama, Lieut. Manning Of the u s. ARMY
who commanded the detachment OF Soldiers by whom
ovens was shot, has given Bond for his appe at
Cour and that the Soldier who committed the act had de-
serted and fled the counry-ChdTieston Mereury
JAMES RIVER AND KANAWHA Commission
Frs.