Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-04-17
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$4,20I 900
And what has been the effect of this sudden and great
enlargement of its business by the Bank of the United
States; Tie daily operations Of the boards of brokers in
New York and Philadelphia furnish the reply. There
has been for time past of stock obbing and
gambling going on falling but little behind the runous
speculaons IN the scrip OF joint stock companies in
London in lea and s.
This iamentable state, demoJalizng and ruinous to
thousands, has been introduced encouraged and sus.
ained by the Bank The State Banks gone steadi-
y in their business The Bank Of the United States
alone has expanded This is proved by the change of
its condition in its intercourse with the State Banks
amounting to nearly sir millions Of OiGTS in five months
1t has during that period, dStanced them 1t may now
be Justly styled THE PRINCE OF GAMBLERS
What it may properly be asked has led to this course
Of expansion of ITS business by the Bank, only few
months before the expiration OF its charter IL is owing
to the revived hope of yet obtaining renewal Of s
charter
7 his removed hope was presented in November last
Prior to that period, IT had gone steadily in the work
OF curtailment. Alter that it began to expand.
The which led 10 the indulgence of these
hopes and the change in the Of IFS business,
In the month of November shortly before the meet
ing Of Congress, Judge White and iamily visited Pba-
delpha They staid at the house of Mr. Jaudon the
Cashier Of the Bank, the son.in-aw of Judge White
Speaker Bell repaired to Phlade phia the time
the gentleman identified by public opinion as tie ncnber
Of COHQresS from Tennessee who is represented in Mr.
Tyler report as being indebted at the Nashville Branch
at time IN 1892, 10 the amount of S53,iSO-a thou
sand dollars beyond the famous facituy Of Noah and
WcLb-the same who is reported to have obtained from
the Bank of the [ ned States in the Spring of 1884
during the height of the panic loan of tortg thousand
dOdarS, and 10 have drawn with him into this vortex
three or four members Of the Tennessee delegation.
IL was at this time, strongly suspect that matters
arranged for future operations Each had assign
ed to him the part he to act Judge White was at
the appointed time TO consent to stand candidate for
the Presidency. Speaker Bell was to make the neccs.
sary movements behind the curtain enable the Judge
10 announce his willingness 10 be a candidate.
Having effected thus much, the Bank looked upon its
chance OF obtaining e-charter much improved IL
Judge White Should be elected the Bank expects to in
duce him 10 sign charter connivc at s adoption by
two thirds Of Congress, through the same influence
which induced him. IN The hope of office, abandon his
principles and the party connexions through which ho
had hitherto firmly sustained them If he shall nor be
elected which is The real calculation q the coalition tic
ed, by division of The Democratic party in preventing
election Of President by the People, and carrying
into the House Of Representatives where IT feels OF
securing is (rr0rao caadidafc.
IL is Of these two events that it rests its hopes
Of prolonged existence r. knows well That can never
obtain rc-chartcr whLe General Jackson or any one
administering thr Govcrnment upon his principles al
the head Of %.
The Bank then, arslcr he prospects held out by tho
alliance 81 Judge White and Speaker Bell, with Mcssrs
Webster, Calhoun and Clay has already again taken
the field When the charter has less shan months 10
continue il is charging s business aud Increasing is
circulation with Unprecedented cclerty This is part
Of the plan Of operations We 90 have another panic,
and attempt to accomplish the prediction OF is advo-
cate Mr. Webster at the close Of the late session. lie
then said in relation the ability of the local Banks 10
perform the duties Of fiscal agents Of the Government
lie would not enter into argument that subject.
bit he dcsred TO state il his conviction, that this
pertinent Of receiving and DISTURBING the revenues and