Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-01-08


and L. b. McRoDeru apr I'd SCI,
Inc following Memorial was read and ai.
oerauoh adopted by the meeting, unanimously save ON,
To the Honorable The Senate and House of Do,eoo,,s of
m tie State Of Virginia
Inc undersigned Memorialists residng in Tho four, H
Farmvie and its vicinity believing lila. tho cs,rl
mcnt of a Bank in their town would greatly adj
vance the commerce, agriculture and mechanical arts
and general prosperity of said town. beg leave
fully, to ask the Legislature ofVrena to pass an ,ct
tabisling Bank, or a Branch of ono of tho V;r;s;
Banks, in this place gum"
Situated in the midst of the finest tobacco-prov,ing
Secuon III the State, already afording annually mar
ket for upwards of 600 hogsheads oftobocco ,cnor
OF the finest quality, well as an extensive market ~
wheat and flour, and importing and vending large
amount goods making together commercial operations
ahmually oil considerably upwards Of half "a million of
dollars; even with the present very imperfect and
irregular navigation OF the river leading from this Mace
o eierSDurg; ana as Is pretty certain, that system
Oh lock ana dam navigation will shortly be established TO
the latter place. which will undoubtedly causc an in
crease OF the trade and business of Farnyir several
hundred per cent in short time must be nct ctlv oh
vlous, to the most superficial observer that the faccA
afforded by the Banking system has become hgLl, ne
cessary; and must daily become more and more i'm.
PoTiaht 10 that part OF Virginia. which does make and
must continue to make Farmvc their PRINCIPAL market
and general place of trade
we think 1t may be confidently assumed that tbero 10
no town. known TO us, in the United States EXCHANGING
an eqnai amount OF produce and foreign and domestic
goods, which IS denied the facilities of Bar,tire ns,tn
IL mas now become most apparent that the Bank oftbc
United States will not be rc-chartcred and of corre
mat part OF the capital OF that institution, which is now
located in Virginia, will be withdrawn. and tbc com
merce OF The State deprived of the Of several millions
OF dollars now afforded by that Bank Hence it is o,v
GUS that this drain Of capital be supplied bv nm
augmentation of the Banking Capital of the State Banks
either by material enlargement Of the CAPITAL Of the
present Banks or the incorporation Of n number of add
tiona independent Banks. We therefore respectfully ask
That the Legislature will, in with the lust claims
OF other Districts and Towns in the State nE into d
consideration the just claims of Farmvle and authorize
e establishment IN the place, either of an independent
Bank, Or IN their discretion they should consider if
advisable OF branch of one of the Virginia Banks with
capital OF 3OOO0O: All which is respectfully submitted
On motion OF Col Madison, committee of two were
appointed to go TO Richmond and to forward the object
of this meeting and Memorial.
On motion of DR.. Lyon, Col. j. Madison and lanes
H. Dillon, Esq were appointed the committee
On motion of Col Madison, il was
RcSo!eed That copies Of this Memorial be forwarded ~
onr Representatives in the Senate and lower Houe d
that It be published in the Richmond Enquirer and Con
sututional Wing The meeting then adjourned
JAMES MADISON, Chaiy,eau.
THEoDmcK b. MoRoDERr, Seeretayg