Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-05-17

To he James Riper and Kapa,oho IMPROVEMENTS,
me day Is last approaching, when The question is TO be
oecided, whether Tins grand work Shall he speedily car.
red inio effect, or slnli ngsin bc postponed. for an india.
ihte period OF Time. Having laely. greatly To nv ostonixI,.
myi''' ne""i doubts expressed, whether the Banks would
su'sel'oe e MS Undertaking or not, | have eudcavored 10
ascertain the cause OF those doubts. and can find no oround
Tor any, so lar IS the interest OF the Stockholders. ne
SfochhoideTS merely, is conccrneG; far, so far as ! ran a.
Iy on my own knowledge OF the snhie ct. or any n,or,o,.
ton can procure, can see nothing bat rood 10 result IN
the Banks iron, the subscription, "a the execution OF Ibis
work cannot iail 10 enhance considerable the value Of ali
real prope'ly, through the Whole limo of lhe contemplated
Improvements which must bo productive of positive
good TO the Banks, Ivy the Increased mice they viii
Ge eh"u''H TO obtain, on a sale Of tie property thew
have ,a';en from their debtors, who NAV in consc.
q"ence be enabled with ease 10 pay oil their debts
TO 'he h1nks, which otherwise they may be unable
10 60. Trade viii almost Immediately lie cniveu.
ed, and III lair 10 presume wc shall SEQ MANY Nv set.
tiers amongst IL, coming forward 10 seek for a s6are Of If
even before TIE work is fairly commenced, without advert.
ing 20 The great benefits to be derived by the CO ,ntIv gc-
nera'ly from the disbursement of the money necessary Tor
carrying on The work, whence TO B,nks will almost i'm.
,ne"'"tely derive tie advantage Q. being able to choose be-
tween real business and accommodation paner II NAV
also he 'airly inferred, that when The proper period arr
nPes Tor application TO be made hy the Banks, Tor the re-
newaI oil their charters, they will be able TO procure Inc
same on more favorable terms by a compliance with the
wishes OF the legislature, than by a Illustration The reof.
SO lar, therefore, as the in'efes; of the Banks il ronrern-
ed, The only Objection which can plausiblv he offered
against Their subscribing, is, that the dividends from the
James RIVER and hAndwha Company will, for lime. he
small; but when we consider the amount of deposlts which
the payment OF the quotas will leave in the Bank. tits evi.
uehl wat 'her means oi aflOFilng accommodation TO their
customers VIII scarcely be at all impaired by their sub
sctiPuon. J therefore consider that objection n entirely
groundless. Moreover, the Legislature ut is last session,
empowered The Banks IN case of their subscripti,n lo in.
crease lhtir capml TO an equivalent amount, 4. hich, if il
IS found cHpedieut Tor them 10 embrace, will give them 4
bonus on The new stock equal to the premium il will bro.
ducc, ~ place OF their paying a bonus, as her ctofore. TO
the state. IL appears to me therefore, we must look TO
ollief causes, than thcirIuterest IN the Bank as Stockholders.
for the hostility to he subscription unprecedented from a mari
OF The stockholders, which am told NAV be cxuc cicJ.
principally from Norfolk and Petersburg, and those stock
holders hating connexions with the Roanoke aud Appo.
diatox Rivers.
Having made ii TO appear, as I trust ! have sat.facfori.
~, That Their interest as stockholders Will not be injurious
~ affected by the subscription Of the Banks, IL remains to
examine, whether those stockholders, in Welding Them
selves up TO heir Jealousy OF the benefits to be derived hy
Richmond in particular, and the whole country through
which this projected improvement is 10 pass, are not blind
W Sacitbctug TIER uwn paramount Interests; for, assnrcJly
there can be no doubt, that after this grand undertaking is
idrly under way, every other eptcrptize which can offer
q ihr reirlbuuon Tor the requisite expenditure viii 80 lon
ger meet with opposition. bat viii receive every cncoiI.
mcni which the patronage Of The Legislature can Offer.
aided by The co opera ion oi Inc shes River and Kama.
"ht Company, who will doubtless be found willing. as soon
as their means viii permit, TO extend arms or branches TO all
such places as may seem 10 promise mutual benefit from
SO doing; whereas, should THE work BE- DELAYED, it viii
certainly be The mean ct prOcrasinatiug al other improve
meuts, AZ the friends ~ tbis scheme, will asstrcdly continue
their efforts 10 is favor. until it is rendered hopeless. by
our sister states having in the mean time seized upon lie
profits dno TO His Slate by its locsl advantages, when we
may bid adieu 10 all hope Of ever seeing Richmond, Nor.
folk, or any other Of our fo9us becoming any thing more
man mere tributaries 10 our more chterprizing noigbbors.
Fellow Citizens: Many Of YOU have shevn nv your
subscription That you feel a warm Interest 10 tbs coniebl.
plated Improvement therefore ask you TO come forward