Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-05-31
To the Stockholders of The Farmers 81 Bamk of Va.

10 Me StocfhosaerS0 The Farmers Bunk Of Ia.
The result OF the vote recently given by you upon the
question Of subscribing the Stock Of the James River
and kanawha Company mus, be "a OF deep regret
to almost every sincere friend of the Bank and also of The
State. Ii is which be deeply ,eplor.
ed, when reflect that i, may be the arrest
ing Tor long series OF years at least, improvement
upon which the future prosperity only OF the whole
district OF country bordering upon James River but OF
The whole State, essentially depends Every ardent and
devoted friend TO his country with fey excepons)
whose mind was not biased by local pre- liccs, looked
forward to the 9Th day Of May with feeling patriotic
pride and exultaon 10 the period for the accomplish
ment oil his fonet hopes TWAS the almost universal OPT
hon mat the Banks would avail themselves OF the power
given by The Legislature TO take each half million of the
Stock oil the Company And in proportion the anicpa.
uohs upon 's subject were pleasing and delightful the dis
appointment was bitter and ori all those who look
ed TO the success OF the James River Improvements as the
means oil rescung their native State from the ethargy
anu 'orpor IN which she had been long involved Your
refusal To subscribe the Stock to produce
rayzng effect upon the friends Of this great
put tins effect trust will be only temporary; indeed
nave discovered already strong symptoms reaction,
aud oil determination not to be baed by this unexpec
ell repulse Various plans suggested obviang the
ev. eoSrquenceso oil tins defeat Some say that the Vr
gina Bank will obtain from the Legislature am in
crease oil their capital and will then take the other halt
million; others suggest the propriciy OF applying Tor
new Bank, TO be incorporated upon condition OF subcrb.
ing 10 the stock-and third party recommend the call
another meeting oil your body. This last is the course
which am clearly OF opinion would be conducive TO
your interests, and which confident is auhoris-
ed hy the law. independently OF the advantage which
as Stockholders, you woulddeiive subscribing 10 the
James hiver Improvement and OF which there very
e doubt, there other considerations which should in
duce you TO subscribe under existing circumstances The
Virginia Bank having subscribed, il you should adhere to
your reiusa you would be thereby giving the other Bank
decided advantage yo Your Bank would very soon
become unpopular with your fellow citizens with the
Legislature The necessary consequence would be- thai,
The State depo,iies and those OF individuals in your Bank
would be arrested; the whole patronage of the govern
men OF the people would be transferred to the Virginia
Bank ana your institution would very experience
ue W enecs oil tins general want OF confidence Another
Bank might be incorporates and the Legislature would
almost certainly refuse TO your charter which
could not be wound up without considerable sacrifices
WIN these views OF the subject, il is demonstrabe
conceive that your best interests require that you should
subscribe 10 the stock OF the James River aud Kanaw ha
company nave no doubt whatever, oil your legal pow
er to call another meeting and carry the measure il
you think proper. RICHEIIEU