Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-10

ina ,e same caa,nties which have scourscd some of
,bs other States -. E..s... =, -
. % the Banking capital Of the Sta,e-upon pro.
rlou and proper priEcp les-But we certainly op
!.I u that wild and extravagant extension, which
Pi5 s,od the country with drprcciatng paper b
W. he precious metals aim ST entirely from circulation
encourage the niteraaire gentlemen avail them
's Of these Developments u rc-esta5ish the mon
s,rrrs Bank Of tie Z. States
We would exact AZ nh Indispensable preliminary 10
sch institution that il should no, issue ay note be-
Ir H. Is and 20 doilarst!ese several restrictions t.
axe place 4, proper periods, and gradually to be exend
j,,i the existing Banks their charters would
.n; III such reguiatons.-The restriction should
onrse extend 10 the circulation nf tie notes of other
Kinks of tie other S,aes within administration. With
,e author OF this essay, perfectly agreed We are
decidedly in favor OF carrying out the views of The
rrsen; Administration, in relation the metallic
r,ncy. We recommend to readers the admirable
Litter Of MIR. Bcnt"n, to the Republicans Of Philade
paa, published in this days paper. While France has
t. i've hundred millions of spscje-and England her
59 millions. the U. States have than 80 or 6O
Millions We are in favor of rencdying this deficit, by
.iu;lc regulations; 10 wit raising the denomination Of
euI State notes. No note issues France for less than
80 iancs-nora any in England below Pounds Sterling
sit too much ,uexpec that Virginia will lead the way
oIrforn-and set example TO her sister States, Of
anving small notes from circulation and substituting
;aein by more ample and solid metallic curiency'
Toe Tie mark, No .fiuching or lodging! :" -
More Raaks! More banking pial is the cry raised
IA
ce have had Of the evils IF circulating sdIlm con.
sting mainly of paper under the control ofSBanking
corporations, beyond the reach Of practical responsibility
t. The people; alta time, when Bank paper is abuSat,
ALMOST beyond example; at time when the grcatma
If the people confidently expecting gradual reform
in the currency, ny cutting of the small bank notes
and supplying their places with gold and silver the Lee
,sure Of Virginia is to be implored to create more
Ranks increase the power and capital Of those al
,dy in existence. God save the people from the pow
Ell and dominion OF these paper money corporations
Is there simple substantial for creating
new Bank for adding 10 the capital of those already
existing: answer fearlesSly and emphatcaly, No!
The people prosperous Labour of all sorts is richly
,warded. Every sort of business prospcrs, except
shaving, sherithng and pleading the law. The people
ar satisfied and have every reason to be satisfied with
eir condition, except thing, and that thing is, the
urkng suspicion that the present state Of prosperity is
l,hrlal ana be short-lived, being the result of too
much banking, and too much paper money Where is
,le necessity tor Banks? Why, we told, that
.s Northern BRETHREN the Yankees, prosperous
nan we alehat with them, commerce and internal
I.p.ovemens more fourishing than with us-that
We are behind them in every thing, (perm 10 add
exc,, in lazness, luxury heorsng and squabbling)-
I'D Ina, they have Banks, and more Bank capital
han we have and hence the difference between We
are .od too. that for want Of Banks and Banking CAPT.
Ia! mania for emigration has seized upon people,
who are outing the Old Dominion. and seeking homes
Whr:e: In the Nortl--the land of Banks and banking
ilieS OF commercial prosperity and internal improve
:cns: Mo- in the wilds Of The West and South West
q o. Old Virginia. bidding farewell to the land Of
,ai: tir.h and migrating to Arkansas and Texas in
ca"s Of banking tacllitlcs..
Wins do 50 many of our Yankee brethren seek fortunes
1a7agst Us: What drives them from the land of Mrr
I:.-,le land of steady habits: Why not argue that
IS the number and power of their banks, that drive
.p ::ol home: The would be just good and
m As the reason assigned for the emigration hence
tie West and Southwest Yea. so; for with all my
tc:es,s,ion Of Of the ugrnran notions Of " the
woking-nen which aquarium Rotions by the way, |
would charge 10 the monopozng corporations amongst
them upon the principle, that - extremes beget each
oheg ~ believe with the " working men that in some
cftAe Northern States the incorporated rEw-the men
stocks, with banking facilities, and corporate prvle
w prospecting at the expense Of the toiling mil
Lun"
VIII there not be stern unlinching enough in
;ie Legislature, to defeat these schemes: With whom
lave they orignated: With the great OF the peo
PIE: No one will be hardy enough 10 say so. No: |
Tsy have originated with few schemes and specuia-
The And Efforts to be made, they
have before been made to buy up every section of the
State which contains tora. desires Canal or Rail
Rad BY the promise of Banks and Banking facilities
People of Virginia, beware! Your recent experience
c:h, to teach you lesson never to be forgotten 10
81! nothing Of Former periods OF disaster and ruin when
we're in great degree, the fruits Of paper money, and
ppe, money corporations, just think OF the tremendous
power welded BY the Banks, State and Federal during
lie late Paaie With good foreign demand Tor Inc
products of your labour fair prices you saw that BY
i united power Of Bank and political faction,
thousand Banks put under pressure. Money was
made scarce The value of every thing was reduced,
told, that the removal of some or eight millions OF
ac7 own money from Bank others, had PRODUCED
Ilsrous effects. Those who told you so, were either
deceived themselves attempted to practice ~iilui
reception upon you. The total destruction of the Depo
would not Of itself, have produced any such conse
-mces No. Ii the local BankS, awed and controlled
~ The National Ennk allied with an enTaged political lac
Lon tia, caused the distress which you iet and nenaceo
:le 5uia which was predicted The Banks! The Banks!
re The instruments Of the mischief What saved you
rom The predicted ruin ?" Was i, the Banks No:
These paper money shops shut up, in the hour OF
r:eL Your resources saved you, IN spite OF Inc
aaas Millions Of hurd money crossed the seas in quest
d Tie products Of your toll. Thus proving al once tne
y.l tendency and effects of Banks, and the ability OF
IL people to do without them.
Bat, have departed from my design. | did not IN. |
ad dabtle in Federal politics. but as have touched
DP2n them Just let me ask the friends Of the National
"ank, wlah have been their strongest arguments IN Ia
T'rofMs National Bank or n National bank! Have
they argued that locut Banks would be the curse OF
'e country: Do they wish to increase and perpetuate
as CURSE Have they not predicted that the putting
DOWN the United States Bank would cause the coun.
y? 70 be inundated and ruined, ny worthless asn, IN
lr shape oflocal bank paper; Arethey more tenacious
''tr reputation as prophets than ANXIOUS Tor .he sale
y and prosperity oc the people? Are they determined
"a ac this upon the people, TO PUNISH theIn lor
,'!: opposition to the National Bank, and TO scourge
HEM into submission to it, to some similar institution
Jackson Republicans! toe the mark! You surely wall
10. back out. The Experiment., for which you and
yel7 old feleade-, have been SO much abused Is no
!s bic experiment GU have the strong
S evidence, that if you will stand firm; and pull true,
";hou iinching lodging reform in the currency
HAY be effected, which will give the people due pro
portion OF hard gold and silver in place OF small Bank
a,.es and will place State Banks, where they ought
10 be- Su5serot to- not masters the pecunary IN
i:ess Of the people, and the people governments Ne
Yer attempt TO fill Gov. Tazewells raeUum with more
tank paper What filed the vacuum created by the |
Tremendous curtailmrnts Of the Banks during the late
panc Hard money from abroad. Hard money aeM I'LL
ne created by the winding up of the Natiooa