Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-04

OF confidence was the source Of the present
distress. There 10 capital enough in the country; but
men that possess are reluctant to part with IT, In such
state Of pressure AMI suspicion He did not wish TO
sign any for the pressure; NOE did he consider
proper or prudent snayLe the which may have
operated la producing II. We have representatives in
Congress- capable OF accurately inve sting the .uhect
II their duty; and he considered them able and willing
perform their duty. In their WELDON aud decision he
could therefore place full confidence Tie then read the
following:
Whereas. after long series Of wear. Of almost unex.
anple prosperity there has fallen upon this community.
within the brirf period OF few months most unexpect
cd arrangement ots mone and pressure up.
on It's moned resources which has already produced great
disorder aud suffering aud which 10 PROSTATE the
whole productive industry Of the country:
Is Il therefore. Resolved That the Congress Of the u
States be respectfully requested to take such immediate
measures FOR the relief Of their suffering fellow citizens.
may in their wisdom, appear beat calculated 10 migae
the present distress and avert the greater calamiies which
to be iap'iiy approaching.
Resoired, That the Legislature OF Pennsylvania be
earnestly requested to unite their endeavors obtain from
the Congress OF the United States, the adoption such
measures relieve the present the
citizens OF Pennsylvania aud prevent the delay the
abandonment OF the works in progress, for the pro-
motion oil the great interests OF this nweallh.
Resoiued That copies Of the foregoing Preamble and
Resolutions, assigned by the officers OF this meeting. be
transmitted TO the President Of the United States, aud 10
the Governor OF this Stale. and also the Presemo tho
Senate and Speaker OF the House Of tho
United States, and the Speakers Of the Senate aud House
OF Representatives OF the Legislature OF Pennsy vania to
be laid before their respective bodies.
Resoired That these proceedings be published in the
city papers and the editors OF newspapers generally.
throughout the State, be requested 20 copy the
Dec. 3lst, 1888.
From the extreme weakness Of enumeration with hioh
the venerable Mr. VAIN read the resolutions Pat.
terson was requested 10 e-rcad them.
person from the assemblage who described himself
as workman but whose name, SC. we were unable ~,
hear. assembled at this time the PLATFORM aud
an address 10 The meeting He insisted that the
which have produced the present evils should be made
known 10 the working classes OF the community tor
upon them tell heaviest the evils OF any money
ehOutA not tara ha ho,.l.r nh
ed There were few present who were not aware, that
the pernicious system Of banking The chief
OF the Distress and that would uproot all the connections
in social and commercial life, If il persisted in.
Cloud cheeri"g) Yes, say IL is the banks that have
caused the evils 10 the working and mercantile classes
anu That have caused the dread oil attempting In such
meeting to give any for the distress. Ii has
been truly sad'He who controls the affairs OF the bank
controls also the debtors OF that bank
The Speaker was here interrupted by continued hiss
ing, aud cianorous cries Of go on, shear him OUT But
gentleman Oh the platform restored order in pertinent adj
dress
The resolutions then proposed, and passed by
ciamauon; on which the meeting adournea.-Sentinel
The Deposites.-The % AK tell that the pres
sure in the money market has resulted altogether from
the removal OF the epotes This every man
who has reflected at all upon HE subject, knows be in
correct But suppose, for the sake Of argument we adj
NIT II 10 he true What then is the If the
removal has produced The pressure now would not have
produced the same evil at any other time? Unless some
rason can be given which have been able to per-
ceve, presume it would and il this be
correct we must suppose that if the Geposes were re-
stored, and should produce present relief the evil
must again be endured, whenever the remov az ain
made. The charter OF the Bank has but short time to
r"n AMI the depo'iies must, consequently he
moved they were restored unless the Bank were
re'charted IL would therefore, follow that this evil
must be endured, or the Bank must be charere and if
II were rechartered, whenever the charter shalt expire
and the Bank is required wind up its affairs this vii
must be endured The Bank then mus, be perpetual or
the country suffer the evils resulting from pressure
ia tho money market II this be The case and we are 10
attempt TO avoid the evil OF this PRESSURE the Bank must
be rendered perpetual, and perpetual charter may
well be given at and the people give up idea OF
controlling their affairs.
Is any man disposed take this grounds Is any one
disposed say, that because this ins luton has been es
tabhed IL is TO be put down. whatever is prac
ce may be Suppose that il be re-cbartered and an
administration may hereafter get into power who will ac
cord with It's views; and suppose that The Bank should
pursue consse vastly more corrupt, IL it be pos
sihie, than has done aud and the s,raon should
attempt TO strengthen and sustain each other Wha,
VIII be the condi ion OF the ry? What will become
oil the rights OF the people What ~ill become OF the
Cons tuition? u we are alarmed at the present pres ure
what would the pressure then be- il an ATTEMPT were 10
be made TO put down both the b nix and such admin
s'raon! Who think OF the quence whou. shud-
derng for the tate OF the country?
Taking then the allegation OF the Bank men TO be
true, what is the part OF wi'dom-what i, the proper
course to be pursued The is certainly plain and
can readily be given by any rational mind. We have
now borne the trial the evil partly past and when the
matter is finally settled that the depoes are not 10 he re-
stored the evil will be end The local Banks will
he enabled 10 increase their discounts, ndmmrdate re-
lief will be Afforded The Rubicon is crossedthe dark
valley nearly passed. and The light will dawn upon
US we proceed and the danger and the difficulty will be
overcome; but we recee the darkness will remain and
the whole trial will have again to be endured or the
people must submit to give up the Of their affairs to
an overgrown mohopoiya nonied arsocracy which can
aud win Cypress Them at pleasure, and leave them but
the name OF liberty, while the substance is wholly and ir
retrievaby destroyed is better, far BETTER TO bear the
ills have, than fly 10 others that we know not
Baltimore Republican,
Il elamor "A clamor has been ATTEMPTED TO be raised
The rnundfh afit
10 receive the notes OF the deposie Bank in Yirria in
payment OF bonds due TO the United States We under
been bought up al a discount with the view of paving
bonds with them and the officers the bank being made
acquainted with the fact, refused to receive them We
informed that an individual who had bond 10 nav OF
$4,000, bought the notes OF the Virginia Bank at di
count OF per cent, with which pay il and publicly
made his boas that he had saved IS by he opera n II
the persons Who had The bombs pay, received he mo-
ney from The Government, and paid in the notes OF
The Virginia BaOk there would be rome ca OH in the oh.
jecion; but foi them 10 buy the notes discount and
pec 10 pass them of in payment the Government al par
Is exceedingly unreasonable and to pretend complain
about IT, displays stronger disposition TO find lat than to
be at to offer tor il. We can perceive no
son why those who have to pay money to the Govern
men should enjoy an advantage those who have il TO
pay TO others; and il is possible they have
ches Of the United States Bank have frequently been at
discount and those who received them and had notes to
pay had 10 turn them into negocisble paper before the
could take their notes; while those who had 10 nav
bond TO the Government might buy those notes at dis.
count and then take their bonds with them II there
b. any justice in IL, we are unable TO per
ceive IT'D
Mr.. wcDufhe is practised in "layinr on" In 1926
Henry Clay the block on which the nuJli6er ham
in the fOIl cn.,v