Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-21
POLITICAL.
-, 49, Iron the New York Standard
ne following communication conains very important

WARRINGTON, March 10.
DEAR SIa--Mr Webster, the organ OF the Bank in
e senate, this day gave notice OF his intention TO inro
duce Monday next, bill to re- charter the Bank OF
the United States He stated, that the majority of the
flnanse ,omm''ee' oil which he is the chairman, had
agreed III Tue measure He gave the outlines Of plans
which the Committee had under con IRA ion. One was
orechafer the bank for limited period to enable il TO
wind 'p lis business mo leraelv The other was
10 charter the bank Tor longer neroa of ve,r, Uc
stated The intention OF the Committee to be- 10 make the
Iepu,;. nave printed aud submitted to the people He
uesparcd he said, oil any relet from the Executive II
was the people who must decide
He distinctly inmated the course which has be en- re
sv , upon. between tho bank and the friends of the
oanS IN tie Senate He alluded to the distress which
prevades, according to the Of the bank
mem every part OF the county, declared emphatcay
mat nothing could relieve hem hut the
deposites and the recharter of the Bank His plan is
ms Report bill rechareripg the Bank for Two OF
ree years. under the pretcRce OF enabling il to wind
up ITS business more gradually, and that immediate re.
iei may be given thereby to the community. when
h,s oi is reported, is to be laid upon the table, and
not 10 be acted upon Tor time afterwards In tho
mean time, the Bank IL to apply the screws. the Rouk
senators are TO continue make panic eches and
the whole influence OF the Bank and the Bank party is
70 DC exered 10 cause meetings Of the friends of the
BANK in every part OF the United Sties, to petition for
renewsl the charter OF the Bank upon the plan pro.
posed by Mr.. Webster. These memorials of the b,pt
party, composed of all the ,renlth oil The talent nh
me respeetdoty and all the deceney, to be tsLen
be axe .. Ss hs S"as 1 m will vii
ausSe mat experience bcge,s wisdom But this appears
10 De lost upon Mr. Webster In his celebrated
Gcted That large majority of the people were in favor Of
the Bank OF the United States and opposed to the veto ri
nnurew JACKSON. The result OF the election shows him
De ase prophet To-day, in his place, he predicted
that twohirds of the legal voters of the United states
were IN favor oil renewal Of the charter the Bank He
ntna'ed that his expectation as that such number nj
the peoples representatives will be instructed IN yoo l.;
iavor OF the charter Of the bank as will secure the mas
sage oil the bill in both Houses of Congress Nearly the
whole day was consumed in a of guerilla firing con
heceu WIN TINS subject, in which Mcssrs Chambers KIN.
Georgia, and Forsyth took part Mr. FORSYTH was yerv
Pqnan IN his remarks about instructions lie said ,ba,
the bank and the administration did moi stand unon smi
grounds. The friends OF the administration acknoxIcdc
ne Bot 10 instruct, and obeyed the instructions OF their
cehs uent' But that the friends of the bank reused 10
OBEY The instructions OF their constituents though some o(
'hen had maintained the right instruct at former ne
rod; yet they now endcavOred TO find a shield for sobe
dience OF the directions OF those who appon cd hrm in
me resolutions OF petty town meetings. 1t was mos,
eu"ng rsouke to Sprague, Bell, Ewing, Frelnghuysen
anu Southland The two latter Senators ppearcd to feel
ihe other three, too rockies. and insensble 10 feelings
oil leIcacy 10 be moved Ivy any thing
ms annuncia,ion OF the bank patty houqh their mr.
ga" M. webster IN The senate to-day the Announce
ment OF the bank, in the report signed by the cashier
"hch now going the round room TO doubt e
lessen its business" 'u"y !"
The reportof he bank, under date of the 5h Of March
mas peen issued Tor the purpose of preparing tho public
nu LOT ms course, as well convince the nublic
That such course is necessary.
Ike almo.tevery thing which has emanaicd from that
institution 'atery this report deceptive in every
ue oahK wishes 10 furnish plausible preiext 10 the
community Tor curang in future They dare no, sneak
sae truth II they did, they know that The public would
condemn them in the in their plan of coninusd
curtainents They therefore furnish a s,ateme nj Of f.
showing The operations of The Bank since the LIST of
oc,%oer last, aud conclude with the following, viz:
me general result Of the operations Of the Bank during
'he last hive months, have been
rhat u's rod.o,io, ee toana has mn, beer hv
oil deposes-and e " VIC 'euuc"oh
2i That the uibd~..ai of n. arv .i.h, million. 81
lars oil those funds which the Bank had based ia
commodations TO the community has not vet been (llow
ca oy reduction OF accommodations equal 10 one half of
nj Tina xyi,t
gu hat from The LIST OF January 10 the LIST Of March
Increase 10 the line OF domestic bills amour ed 10 near
W Two millions and half of dollars
4h That during the same period there has been a, a.
IN me total loans of the bank OF S256 36S I6
rue committee cannot regret the smaness Of this re-
oucoh during the last five months nor even actual in
crease OF lis loans since the Ist of January becans bo
nave arisen from the strong desire of the bank IN
Iee 20 me community, consistent with its own safety
Du they cannot orbear express their deIiberae co.,
''cuon mat these reductions are much less ,ban arc
deu 'o Its security during the present unsettled state Of
VIC currency ana that II has now become the DUTY of the
oahk gen'y but steadily 10 diminish the amount Of cI,m,
uPmDn III oy continuing TO lessen its business
,. 10 which the Bank has arrived and de
catcd TO The country has BEEN by the assum.ton If fI
i'eious da'es In making the statement put forth
A. Is mater OF history, connected with the Bank that
he announcement OF the appointment of an agent IN con
Ter with the State banks upon the subject of ecc;v; ,
oePosites OF the Government was made in The GIohe
Ra"H e %Sa Of July last Upon this annuncia,ion The
DdnS Immediately commenced system of rapid entail
menus menus During the same period they were receiving
aIge amount oil public revenue. The curtailmens con-
IN IF i,aC
vernment until the list of October - VIZ W.
In these two'monhs the curtaimenis were oes IN
Nhu We corrections on account OF the Co.
VeIhineht during The same period we're oase bOt
Tile ann, ,p, $685. ,65I
hept ehreiy out OF view, by taking The LIST Of 0cob
menced. VI N"''""'heh's COM
ne following gives an authentic account of tbs ooo
OF Tie bank, from the LIST Of August Is33 IN the
70 H lo9i and also, from the LIST of January
1913, august Ist- Discounts, Si3, 237 LOG IA Dance
VIC D'is, 2O023,243 90; Total 81 I6O3fo ~ p,,h,;.
Depos. 1892 $50 IS; Priv. Dep 10 I52JI3 81. To,aI
co. az; Specie, I0,02367 SS; Circulation Is
1884, January 1si.-Dscounts Sss GOO O6o 49, M.
nestle Bills 1892 392 81; Total oil 46I 10. Pubic
DePos' 1880 500 90; Priv. Dep. 6 1874 s66 06. Tot,
2D9,370 90. - ""'u'"''''' NJ
1884 March l'-D Discounts, ss7. ssi lsI Sc. Doms..
posi'es, 2,60i,23S 62; Priv. Dep. 73l3I2o % It'll
1s9 co. 49, ""'"''"o"' io'ozS'-
That The operations of the Bank during the ne,iod h.
"eenhe ISL OF August and LIST of March, NAV be per(ec,
"uers'ood' we show them at two periods viz. befween
aud Ist Of March, - A'' January
from TIE above statement, II will be per-
ceived, That from The Let of August 10 the
ISL OF January, the total reduction i'm the
49, line oil local discounts, was q COO 0oe 90
That OF domestic bills " con zoo o oe
u''O" u loans OPS sS7 Al
During tho same time, the total reduction Of
public deposes was . ,e, ,u q.
Ana oil private deposles 31I7911 ~
Making total rcIuoIon or J.na.aa.