Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-04-17

carrying the exchanges of the country was am OK
pcrment which, far from being practicable has not
some time TO come. Tie trial. therefore has come
ard "u not come, al iiis paper u he ba,k je Unitcd
States IS ieittdrara from circa'at0a THEN WILL
COME THE EXPERIAiENT,ir
The object OF the Bank. in thus extending is to follow
up ny sudden cont action, at ,i'-e which will suit
ITS political purposes IL viii cndesvur produce dis
tested.
Upon the State Banks has now d.yolvcd the duty of
preserving sound currency Th. object of the Bank is
TO dcrangc it. Let the State Banks 30 on regularly pr
sue steady course, and they may DEFY and will defeat
Tue efforts OF the leviata and preserve the country from
That desoation and ruin which il would nict upon it, to
secure II a renewed existence.
we are now about TO lay before the American People
an astounding fact in regard to the present ohs
corrupt reckless, and wless institution which furnishes
irretutablc proof ofits determinations
THE BANK is NOW MAKING LOANS UPON
STOCK SECURITY, PAYABLE lNTIREE YEARS
AT FIVE PER CENT PER ANNUM INTEREST
PAYABLE SEMI-ANNUALLY
This too when the charter has less than eleven months
TO rum winch declares that notwithstanding the cxpi-
tered, il shall be lawful corporate name style
and capacity for the purpose of for the final settle
ment and liquidation of the affairs and accounts of the
corporation and for the sale and disposition of their es
tate, real, personal, and mixed; BUT NOT FOR ANY
OTHER PURPOSE, OR IN ANY OTHER MAN
MEX WHATSOEVER, nor for period exceeding two
lion" M " '''o'' P'iS
In an article which appeared in the New York Gazette
OF saturday last, carrying with il the strongest evidence
OF coming from the pen of MIR Biddlc the cours, which
The Bank pursuing and intends pursue in violation
oil It's charter, is fully set forth in the following which
we extract from it:
The question now is, what course should the
DahH ADOPT during the remainder of its term which
would be most beneficial the country at large: On
the 4tb of March, 1898 Some think il should
Degin TO wind up now; others think THEY can make bet
Ter use OF the means of the Bank by borrowing it, and
paying back before that period than the Bank To hoard
up It's means For ourselves, should say rather
presumptuous in any class of individuals TO say TO the
much larger class who desire TO borrow ,nonev.
mat TO lend them would be doing them injury because
they would be obliged to repay before lSSS
The question, think belongs to the lender and the
1orrocer; one equally necessary the other and so
long as good ta'es and good ii observed both these
classes are benefited"
From this il is evident that Mr. Bddlc is etcrn,ined
TO continue the lending business down 1895 although
the last two years are allowed solely for The couecng b.
StneSS and mot TOR any other purpose. lie appehends
however, that the course he has marked out is ILLEGAL
and he intends to make the loans and RELY upon good
laws 1T he can get them--if not, the e0od tliih
OF the borrowers to return the money borrowed To the
Bank But his best trust is in making his loans ON
pledges OF stock, through which he will hold the seen.
ry Tor his illegal transactions his own hands without
recourse to courts or the laws.
The Bank does not intend TO divide dollar of its
capital until after the expiration of the two years allow
ed TO it by its charter to wind up business Ii will
enter the next Presidential with its power und
minished.
We admonish the Democracy of the nation that the
great battle against this institution and for the roscr
vation OF the liberties of the country from Bank rule
mas yet TO be fought The year 1856 is decide whc
ter we are to become its vasSas preserve our freedom
In such conflict assurcdly will then take place The
The policy OF their opponents is TO dirdc 0d conquer
Globe. f