Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-10-25
T. Oa1IYHGAH.
rFtom the N. Y standard \

n. Y. I'd
IL is now good many months since Mr. Bidilc in.
cuicaed so earnestly the necessity of putting the Bank
into condition OF great strength, and his abors that
end have doubtless been unremittng. II must BIO sup
posed that he has achieved all that possible in the
listing condition Of the Bank; and that all the resource.
which s podga administration had left available were
called into by the degree of his success then an
tlnae may be formed OF the situation OF the institution
The Branch in this city has been curtaing its discounts
Tor two or three and calling Tor specie Tor its balances
against the other banks, and the result as show in
returns for the last month, is that il cannot nav The
pubic dePostes IN specie by deficit OF 81 500 OOO
that even its balances could he made AVAILABLE would
still be deficient by than 300 900 In five other.
OF the principal Atlantic branches there were Deficiencies,
equally Large in proportion to the depostes and going
lar south a: Norfolk, the whole eleven taken os Their
were, by large balance, unable pay the money in
trusted them In our paper of Monday last some oi
these facts were shown, and lind siatcme nj i'm
the Washington Globe corroborang ours and going
extensively into dos That paper has had access to the
nature that We feel bound to lay them before our adj
ers:--
- From the Globe
UNITED STATES BANK LIBERALlTY!
The insolence and folly of the Bank OF the United States
are without parallel Its well know that the Branches
OF the Bank at Baltimore, New York and Boston, as eli
elsewhere have heretofore, in general refused TO nav
or to receive in deposit or even in payment OF debts the
notes OF the other distant branches W hich in mercanlo
transactions, considered discount of one fourth
per cent 1t is announced that they will receive
those deposit and payment OF debts and the Rail
presses eXtong the lheray of that institution in
thus receiving its notes S cash!
Who has forgotten the numberlcss declarations OF these
u he IA
and Branches would not only refuse their notes
but would throw out immense quantities Of them in the
commercial Cities which, the State Banks would be
Obliged by law 10 lake te in payment Of all public dues
would embarrass their operations and nder the public
deposres OF no value 10 them, if did even compel
them 10 stop payment Who has forgotten their conhden,
assertions, that the removal of the deposes the
the Bank would take to defend itself mus, dc
range the whole currency OF the country and produce
universal embarrassment and ruin? The State Banks EN-
ployed by the Government, once to be crushed
ana it was to be shown forthwith tat the Bank OF The
United States depended not only their existence but the
ability OF the country TO maintain sound currency and
carry on its mercantile operations.
Those who knew the real condition of the Bank of the
United States smiled ~ all these predictions The
said the Bank Of the United States since the enor-
nous extension OF its business in 1851 has BEEN and
now at The mercy Of The Government; that il would he
destroyed in moment il order given for sudden
transfer OF al Tho public moneys had in its vaults TO the
State Banks; that the State Banks which might be select
ed in the commercial cities receive the hubble
would compel the Bank oil the United States and Breaches
to cash the distant Branch paper whercver might be de-
sired; that refusal TO do would inevitably bring sud
den destruction on most Of it's Brancsot; that the power
oil the Bank over the State Banks grew chiefly ont OF the
possession aud disbursement Of the public depoes that
when these Withdrawn, the scspre would not only
depart them, but would pass into other hands, where il
would be used TO rule them into good behavioar and
In such an event whhe present extension OF their hu.
ness, il would be the weakest aud defencoess
the continent.
portion of these view have already been comple,r
ly verified BY the Treasury Department and The state
Banks they have, tCeek the time the State
Banks began to receive the deposes, and before mil
lion was transferred to them, been COMPELLED to
make the distant branch notes equal TO cash in all the
great commercial cities. The hbersly at which their
presses boast, forced as we w prove by lemony the
most conclusive.
curry Department, which have been permitted 10 ex-
anime, hive inside the following table embracing
hs Atlantic Branches az sr south Norfolk and exhibit
Ing tho condition in which they meet sudden de-
The whole