Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-16

as psblic that here now an pressure ~hieh
Threatens prospective AMI certain ruin; thai this pressure
caused 10y the change OF the dYpo rs ami that pos
SHE reUeiy lie devised short OF the RESTORATION
oi the depoes sni the charter Of the Bank Hence
the hope th-t the State Bank. may live through
the Storm; but the charitable confession at the same
time. that fo hem 'there IL nothing al~s but distress
and iui,; aud hence also the climax that the Great
Bank IL 1.-THE ONLY SAYS montyed institution ia the
eounfrg!"
al hope the State Banks may live through the scru,,
But, at the same lime, confess nothing ahead
but distress and ruin TO them CoLfsnce 10 already
shocked-moneye withhold their funds the panic
nrrc money will be and scsrcer because
hoe who have will be sf'sd to l. so-he soveney
of the local banks will he questioned doubted aud end
in the belief Of their usolv will be drawn
from their vaults. AMI bankruptcies follow when
knows, should know, thI slniost the whole cir
cuiaing medium o,hc country consists Of bank note that
these vary In amount from hundred to several hundred
nillisns OF ollarsthai the whole amount Of specie
the country rarely exceeds $40 O0O, 900. Who, when
public AMI private credit unduly assaulted, and broken
down. hall estimate the disasters to ini, iduAs the
STATES Bank consider mo,o as the only safe momeyei
Institution ia the country"
This attempt TO produce run upon the State Banks,
and TO affect their credit to alarm the aud to
produce arrangement and embarrassment the business
transactions Of the country springs from DEVOTION body
anu soul, 10 the United States Bank and desire mag
nifty ani exol IL, party and pecunary grounds, at
whatever haz rl TO the State insii uons and the public
in ercss and all this Tor bank that has suddenly cura
ell IFS discounts ten millions in order produce this very
panic, 70 far as IL rxss-bnt which has filled to
produce as great "panic" and wide distress as
Il des gned, because the Government, penetrating it's
design, aud anticipating the consequences, threw into
circulation, through the Stale Banks the relief ot the
trading community, the by which the Great Bank
IL II coud have retained the deposi,s had intended to
carry through its oppressive and ruinous measures aud
compel The reneodl Of its charter Of course its agens
and purchased pre- see, and its eedaOrneys in and
Of Congress, will never forgive General Jackson or the
State Banks Tor coming the relief the people, and for
| reseuing them from the fsngs OF the monster.
RALkIoH, JAN 7.
The CHrremey.-Since our last, the Legislature have
eli liza lIsaS NJ s~l.t
u tie doubt, will be Immediately taken.
Under prudent management, these Institutions will not
only prove great accommodation 10 the people OF North
Carolina but WILL BY their timely aid, many Of them
from bankruptcy.
The fra, in importance is the Bank of North Carolina
with capital OF 81 000 10 he located in this City, and
to have Branches wherever il may be deemed advisable
The State Is entitled 10 the privilege OF taking 5000
oil the stock, aud in consider alton Of said
subsc bed by individuals who are entitled TO vote Tor sir
Direcorain all ten. who manage the Bank, APP
point Directors OF Branches SC. The Bank to 20 iso
operation when $3.50 900 are subscribed.
The ne II the Cape Fear Bank the charter Of which
is renewed. Tho Capital Stick IL $500, 900.
The third is the Merchants Bank OF Newbern, with
Capital Of $4,000
The fourth, Is the Albetnart Bank of Edenton with
Capt. al OF 5000. 900.
The two last named Institutions being intended exciu.
siveiy Tor the commercial connun les ch they are
situated are vested with authority establish Branches
tax oil Twenty-Five cents each share, for the bene
mt OF the state s provided fr in the ,everai charters
IL IL believed that yet another Institution, the Mer.
chants and Mincts Bank in the oil Lincon.on will
be established Tho Tor ;hi, purpose passed the House
OF Comm ons Saturday,, by OF II TO H. aud 10
now before the Senate Star.
The following gentlemen have been elected Directors
| OF the United States Bank. for the ensuing year:
Nicholas BiddIe, Daniel W. Cor,
Manuel Eyre Inn