Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-25
TgE RANK

Congress, so they would end with it-and that as the
panic had been propagated by the Senate, so il
would expire with its voice. For long months, had
the Senate kept up the clamor and the Bank aided
II with c,irtailmenis and menaces-but at length, as
the cabal i'm the Sennie unable to shake the Pre-
sident and the Representatives of the People, and to
restore the Deposltes, they consented ADJOURN
And lo the panic aud tue pressure nbate Firsr.
the Patriotic Bank, which had propiiinted the IT, s.
Bank by suspension, revives-and next the
Bank OF the U. ;. ITSELF comes forward to Weld re-
ei. III had attempted to intirnitatc Congress- by
the restrictions limposedbut failing in this object
u now consents TO unscrew and take fresh hold
upon The People. And strange enough after hav-
ing m It's lst official expose of its situation thrown
out the Threat That IL must curiai about million and
half month, it now determines TO arrest its cur
talments, and throw from TO 10 millions into Cir
cuntion. The object of this movement is clearly
set forth IN the following article from the Albany
Argus:
THE New GAME OF THE BANx- The following ar
nc'e IRON the NJ Y Evening Post OF Mondsy, dscioses
Tue new game oil the Bank Affecting to yield the
Ncna'ions oil certain merchants aud bankers within its in
teres' II avows its determination 10 abandon any intended
renewal OF the pressure upon the money msrket-to re
hhqush rs scheme OF curtalmen,-and pursue pre-.
cisey AN opposite viz. to increase its loans and
discounts to sum that may so up TO the large amount Of
ten millions OF dollars.
"The object OF this move mep il two.Gl5. n c,. a.,
cre, OF tie revv" AMI prosperous the fall tsade
wch perceives is not To be prevented; 10 produce
sneh an extension OF the business issues of the banks
anu individually will enable il by another sudden CON
tracton to renew the embarrassment and din
'u'y ny which during the
40" VI Congress sought To coerce the renewal Of its
charter III the people aud the local banks are wise they
| design. ~ ''s '''
"But what will he the public impression under this ex-
raod.nary avowal OF the Bank. II the removal of the
deposies the actual OF the great and Sudden
contraction from August 10 Dec last and for and
Threatened curtalments om that period to the first al
np why Is not the same cause operative now? IL the
Bank was really compelled 10 direct cursiment of ten
m'iions In consequence OF the of the
how possible that il increase its discounts 10 thai
large amount now, during the continuance OF the same
competing cause The removal Of the deposes The
truth 49, the removslof the depo.tes the "a onlv
Tor wanton aud deliberate attempt derange The curren
cy, 10 prosra'e the State banks and individuals AMI IN
bring universal pecuniay distress upon the country In sub
servency'o the designs Of the Bank the of
its charter and in the and ersona
schemes OF The combined Bank leaders in the senate
hiessrs Clay, Calhoun and Webster. Then believing il
conhi deceive the people az to the of the Distress
and could charge II WHOLLY TO e removal OF the
resisted all entreaty, aud pushed its curtailment hen
even iorbearance would have afforded relief Then even
i's "nu'on committee could wiring only partial
promise not TO proceed to such an extent should
Its friends and turn them against it, Now when aid Is
no. feqnred-when the business OF the country has
sumed us accustomed channels defiance of the efforts Of
the Bank and when is power OF mischief has becone x
aus'eu IN vain attempts 10 continue its attacks upon the
local Banks and upon OF the
show OF hbersty, ami promises its aid. When for ear.
snce from its would have relieved the bushes,
community from the enbarrassn nts produced nv ,hose
acs peremporily refused When neither It's forbesr.
snce nor its aid wanted presents itself with the
unanimous offer OF ten millions of dollars!
Gus and wan'on, or il utterly unable TO extend its
discounts ten millions of dollars Of the former have
never entertained doubt, AMI have in this new move.
heh oil the Bank unqueslonable proof and will soon
TEST The expectancy and sincerity OF the latter"
From he New York Evening Posil
me pre-occupied siae o. columns makes il inpos-
s'o'e 20 insert correspondence, witt, copy OF which we
have been furnished between certain merchants of this
ety. and icholas Bdde, President of The Bank of the
United st'es The object OF the letter of the merchsns
is TO beseech the tender merces of Nicholas Bdde and
10 pray him TO have compassion upon them. The an
sRfS Earth Tho
nest desire OF the Bank accommodate the mercantile
community; describes the excessive pain which the irec
tors suffered from feeling themselves compelled by pro-
per regard Tor the Interests OF their institution pu,
s'fic'lo"s upon business and gracouy to in
orm shumbe petitioners that the Bank designs TO put an
nmediae end 10 all curiamen,s hitherto ordered and
oegh 10 extend lite loans. niima'ng that the will
We eon"hrn 10 The amour, oil from FIVE 10 ten millions Of
collars ms, we presume, il with the view OCCASION
"g subsequent pressure. Let out now, aud apply the
screws IN 'be autumn. In the meanwhile, reputation
LOT generosity may be worth something The sub
srrbed to the letter TO Nicholas Bdde, follows
lanes Brown, John Haggerty James G. King, Charles
H. Kussei, George fSrswod, Thomas Tiles on j. w Lea
VII, Jonathan Goodhue, and j. a. Stevens
The Bank is said TO he carrying out the very poli-
cy 1t has adopted On the 18th, il extended lis lis
count in Philadelphia about 100000; yet the depo-
sites are not resored nm. York and Boston, il is
dong the same Ihing-and still The deposes are NOT
resiored-ln this City, il is said TO be liberal i'm its ac
ccommodatIons-nnd yet the deposies have not been
restored But the State Institutions and the People
may do well TO remember, that the day of reckon
ing must come-The screws will again be put upon
then-and new speeches may be made-new manic
creaiedand fresh effort exerted to wiring charter
from Congress. The State Banks particularly should
have an esc 90 The turn of the screw, and though
they may and must make loans to their customers:
yet it well becomes them to consider whether they
should not fall behind the great Bank in the extent
oil their operations.
Warning Public sentiment runs so strongly aeains,
tiip in Naxy dalsa