Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-29
4 DEYEboPEMENr

We lay before our readers, correspondence between
number OF merchants i'll New York, and tie Presto .n
oil The United States Bank which il worthy OF the special
notice OF the whole American people, displaying co IN
pleeIy the truth OF what have constantly assert, d.
Is the pressure under hch the country has suffer ,d
Tor The want OF money has teen produced mainly by The
course which has been pursued 10y the Bank and s friends
ana mat Tie course they have pursued has been The result
no, OF necessity but OF design 10 coerce tie government
~hq people, ia compliance OF irir demands for
Iora'ion OF the deposes, for the purpose
The power and dominion OF he B4uk
The merchants commence their letter by sayin,. that
"a large portion OK the difficulties which the com
merc'al commu"i'y have lahoured Tor months past
has ARISEN IRON the restriction DEEMED NECESSARY nm
the part o! tue Bank the Uued States in the differ
existing between The Executive of the General &c vern
menI aud IT. That they have pointed the actual ause
oil The dhlcuy 40 rational and intelligent Individual can
doubt but that they should have admitted the fact NAV
perhaps excite surprise They talk shout its hay
ing been deemed necessary in the differences exisrg br-
tween the Executive OF the General Government aud H.
HeFe Is virtual ami-sion ,ha', because
conceived that the Bank injurious interest and
dangerous 10 the liberties OF the people and opposed
TO the renewal OF its charter aud prulong s of its DOW.
or, il commenced wsgirE against him and carri.J,
on by bringing difficulties upon tie ronsfercia com
nIuniiy and other portions cilzens This was
me oay NECESSITY which existed Tor its pursuing
the course IL has done. Al well able n,ouIbs
ago 10 extend its loans as il now H. There b,s
been no change in its condition. pretended that
there has been They refer merely TO the fact that Con-
grest has adJourned without doing any Eg in ia, or of
'he Bank and The apparent certainty chat i,oliing will be
zone 10 ga"iy The desires aud demands of the Bank and
iiSinend aud now, while v the same
that hos been during The whole tie that il has hem
crealng and Increasing the panic Tire pressure by
cuTtaiug its accommodations it is propos.l Nv tho e,
ieen VITO speak OF its having necessary TO
pursue that course that il should iucreasc as loans TO The
Of five ten millions Of dollars Aud VIVA, ss,s
Ms Btddse TO all ihi? lie says, that ss.ie adjounnenr
OF Congress without the adoption OF any measures eiler
o. redress TO the Bank Of relief to HE commu-
MY, places both The Bank aud The country in a ne,v
Ieiaho 10 each other' AMI imposes upon the diminished
ability OF the Bank extraordinary for lie assist,
snce' How very pathetic and how very kind! Con.
gess have adopted Of redress TO The Bank bv
complying With its impudent demands while il was en-
deaVong 10 rom the government, and the peopIe and
fused TO permit any examination iuto its aesrs
adopted no measures OF relief TO The country in e man
ner proposed by the Bank, which was to subject the con
Wy 10 TIE e"re control OF the Bank, places the Bank and
the country III relation each other We Vyond.r
how i'ir relation 10 each other is changed We cannot
perceive any such change, unless IL be- that the Bsnk
nnd0g that II cannot by its cOercive measures accom-
push It's object Is now disposed to desist from its attempts
10 conquer the government aud The people: and this ,ye
arencned to believe is the fact IL will Jesist for the
Pesen', from any t1riher attempts of the kind, nuul
II rs so lar placed the community in its power "a IN en-
Die II 10 indulge the hope OF wing he war with better
hopes OF success, that future it viii be less lola
ana open ~ IFS operations, sUpposng that more secrecy
viii be likely 10 be successful But this change ",n
poses upon the diminished ability OF tie Bank an ex,raor
binary demand for Its ssssHce Thatkis very STRANGE
Indeed bad supposed that Tor months pas, its friends
demanded all the assistance i, could reader and ve M No,
perceive 10" s ability has been diminished during The rx
'ehce OF Tie pressure Had been disposed 20 serve be
community, Instead OF carrying its war against The CO.
Nenmeht, by creating and increasing The patic and the
pressure anong the comnuuity il co,rd iave no., =.
useu, aud tie has been rs iinpor,snt Tor o,i
past as II Is now aud perceive how il can ne
accommodating eoy better fhan il could have bes,
then. 800
Bot we are Iol1 tbT 'on fe 9Th uIt sleoifwasco,
ceivea lhai Congress about 10 adioura without ,,o
ing any easurcsfo the relief OF the country the Board
appointed eo0inee TO consider the Dew du,es obcl,
MAJ event might degolve upon Tie Bank How cerv
kd and confederate. The Sank had be lore done notn,
nu oPPres e country, Uuder the peience at il was I'M
uer be necessity Of cUrailngits loans bat when Con-
gress was about 10 adjourn, IL became concerned about
tbe Incfesi OF the cOuntry, appointed committee 10 ran
\ "a ties In he
are tod That the committee recommended to nut an i,
measc end 10 all tie cUailmens OF tl,c Iosus Liteffo
u"seteo-a measure which was f0rlhwli adepteJ0
IN tpese lacts before him, any mar any lonoer
s'"' "ha hes becn the cause Oihc pressure and ,v,
,,.n we motive wtci induced is authors 10 prodvce II,
nne togIe's remained 10 session end whale lilo Hi
avg US enu could indulge any hope iat The government
ahn Ue people could be coetced ino coti,.,,re i,
W. ofnhbos5 we pane was kept alive and ti,e ,,ess,
conhhueu. me system Of Pauc.nakne was pefsis,cd /
h and me cuFiameDls we're carried on; but ele II y,
seen ilst Congress was about 10 adjourn ar, ~ ~
mands bad not been complied with, and we're to, bLe -,
be, the measure adopted, notwithstanding tle 80
tended necessity Of The Bank cufsil liz loans 20 p, az
immediate end 10 81 the cmiailaeuis Of the loans ,,o
Won-y drcced aud The fiends q The institution wi ohsd
ABOUT The necessity Of is restrictions then discov
49,, "e' " could extend It's lodn and ought 10 extend
a. w wv amount Of Eve ten millions OF dolare
nF b"He " more prudent fIe does no; lI,pk sdVi
sable TO sfy 10 what snonnt 1, can ex,en is i,s - -
eAeuo them ~ aii plares in the eouuv Ttcsc ,auer.
hus' DO SePi secret The amount Of the IN l
unHho"h ana TIE increase 10 be at ,l,oe oi,,s J;
NOS require telic5 by which is 80 doubt n,snde a. -
= 70 ne at those points,, where II will be mosf Ii1sJ, q,
10 'le Bank In ~ future designs sgsnst ,e govero,,
ND ibe people. The wi ole matter most - ,,i ~
20 pau 70 SJnit u any doubt dcOy-t is so plain