Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-14
THE TIMES.

of Richmond and Norfolk substantially do,l the is
sue is made up between the Bank and the People
between its charter and the Constitution Of our
country. The giant is struggling for its life; and
Its friends from all quarters rushing the rescue
us fast rs they can. Many honest aud honorable
man, who is opposed to it, is, however unwuingly,
taking course, which is calculated screen il from
the just vengeance of the people. Strong MS il is.
they willing to pour e-blood into its veins
They Glamour about the observance Of the public
faith; when the charter of the Bank does not un-
conditionaiiy vest it with tho preservation of tile
Public Deposites. They dsnpproye of the time and
manner OF Withdrawing the Depostes, and they in
SYST upon their restoration. But why forget, that 10
remove the Deposites, and 10 restore Them are very
different operaon?-while to restore the Deposites
is too well calculated charter the Bank? Send
them back into the Bank-and whit is the neyitabe
consequence? The Bank will sagaciously employ
this measure as the pretext for extended opera
tons. They will say, "The depositcs have been re-
stored to us, to relieve the public Distress We can
relieve the Public, only by lending out our funds"
hcung !" upon this hint" we shall see them pouring
Is or 20 millions Immediately into circulation and
spreading out their web to involve the community
more closely in their tolls. How shall we stand then
two years hence? When they come to put the
screws upon the people, they will have all tho pub
lie deposites to restorc-a the private deposite mo-
ney to yield up-a much heavier debt to call i'm from
suffering community. Is il wise for us to throw
them upon this expedient? If our present pressure
and panic are to into n restoration of the
Deposites, have we not greater reason to fear the
greater pressure and panic of 1886? No,c they arc
contcndng for the Depostes; but then they will
strike boldly for a re-charter.
AS things now stand, we have already suffered the
screws, and are beginning TO stand them. The bat
tie began too soon, (as our friend from B. ex-
clamed but we nre in the thick Of the engagement,
and we may well fight it out mt once. WHY make
a hollow truce at this time when if the people arc
determined TO put down the most alarming inon;ed
monster which this country has ever SEEM we shall
only nave the war to begin over again two years
hence, with the same enemy, strengthened i'm his
means, and with his spirits exhilirated by our pre-
sent submission !? Let us have the firmness to meet
the present crisis and all will be well hereafter If
there be any truth in the following articles the pres
sure in the Northern cities is already abang-and
the times have become more cheering. The re-
sources of the State Banks becoming more nc
tive in their employment-and as Charles Fox once
said of the French Resolution, "Whenever men
were 'oting and resolved to bear hardshps hstori-
cal experience has proved that their resources were
inexhausiible:"
(From the Pennsyludnian of Ta1sday)
prospects BRIGHTENING.-THE PREssURE.-
During yesterday, Notwithstanding the snow there was
an evident improvement in the commercial atmosphere
The panic is rapidly abang; and we know that certain
Banks having recovered from their spPrehensons let
ting out and d:eonnng freely considering how pale they
their own fears Stocks too, going up with velocity.
Those who did avail themselves Of the chance TO pur-
chase, now deeply regret it. The Girad Bank Stock
which was down at 81 sold yesterday S. Schuy.
kill Bank stock was at 81 and would yesterday have sold
poriionate degree If it were not for he Usrs co
ance OF fictitious Distress stocks would be up old prices
IN less 'han week; and unless the Bank inerferes with
her juggling nothing prevent business interests from
being all right and sfafu quo in month. Four weeks
> will set all to rights, as matters 20.
all ,''. h; hs si s wf ~ ~s
omoer, ioSz, than there were in the Deceinber inc, ~,
an idle me panic ragged most ercey This is not
h.h we demand the by reference IN ,h.
DOCKS Of The notaries We know that tiev vii; no 20 'ne
Bankp prophecy is now confidently repeated that the u.
as, u she cannot conrve 10 check this re,urn;n
pospery, WIZ claim the merit of having saved the nns
"cipauons are not well founded, ou' a"-
nc (FTom the NJ Y. Journal of Commer.s
Mexc re- ne snip Congress, arrived at this Portfrom
Son rn mas .s aGo1 dollars board and the Para
, supposed 10 have a still larger sum P"d'"
..T [rom ne baltimore Republican Of SATURDAY.
IN ,ha uRE.-All The accounts from New YorL
th VIC suec oil money matters, concur in representa-
,nc pressure as being reduced The panic yh;Se ing
Sucons o 10 The country by the sudden and rapid
anu py The efforts of the Bank pre- sses TO alarm h
me people, is wearing away. Such xeiemen ea's OF
as in , are produced Tor particular purposes but when
c,nno.I present. case, there is for them thew
cannot last long The Bank has overdone lie h" .ey
nyys,na 1g heavily upon the public, il has aroused the
he necessity and propriety of permitting sucb ~
@ ~ 20 exist In The country longer than until the xn;r
@ " .'s present charter, 1t has convinced bem ,at ,ha
can 90 wi'houtit and that the sooner ia mn
WIZ be Tor the country. II it had tunnel h
Screws 'ess rapidly than il has done II would o
ed some friends that il has now lost forsys a'e
~ WIZ" l's former opponents in endeavong to nm, IL a.,
~ | "@y OF producing again the same evil under wbch
we have been suffering wv" '"e' WHICH
not unlikely, that the pressure I'M be lcncer f,.
81 -; han IN almost any other city, for ve,y
~ u obvious reason An proportion of he ca
49, VIC Daok, and the depostes the Goyernnep, ~,
| oon, I,"Poyed 10 That city Those who have had he
IN y. ~ having chiefly resided that citv and feel
ali a. Pou'ar desire TO promote far as possibIe bv
ch,n, 10 Their power, the business OF their mef.
,h hans ana others, have employed large amount Of
VIC esp'a belonging 10 other places in aTodiDp fac;,ies
W ,ne'' own citizens at the expense Of those of o,hsr
Places Much OF the deposes OF the tioyernmen, 80,
m az other places, such New York and Rsii,p a''
were INT ediatey made of in Phiadcoba. III
consequence has been, that there are more No %
70 mucie'arger amount, indebted 10 The RanL a."
man elsewhere These advantages will no,v NJ ,a Io
oe enjoyed by the citizens OF that place The
" y. craving ~ VIII bear with peculiar weight ,,nan ,hn,
a. S', anu me undue of capital which ,bsv h'
,;.s,, oe" 70 employ, will lie withdrawn. Thew will
Iii % oe brought down, in point of capital IN aevs
oneIs' ana 1t may require some time for them IN ac
ILL themselves to the state of ltnes which,
~ &c Pouuced by The change-a slate of things which
~ snouio' IN justice TO Others have always existed
W me same proportion as may be expected 10 one
e 70 insir disadvantage must be the advantage of
o'erS and 10 the people OF Baltimore among the res,
One cause, perhaps. OF the relief from the
ing hrst lett IN New York, is that the amount of
arising from the collection ofrevenue since tle 81
me deposites 10 the local Banks is much In a 80,
han IN any other, ~ proportion TO the demand or n,ons
may ne, also, That The deposite Banks there feel
stronger confidence that the deposi,es will NOT he take
:, a e"'; 'nan IS elt by those other places Certain
4, e ey are relieved from the pressure and certain
:, mat The United States Bank and its friends In
nave overdoDe the business they had in hand