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


that Bill had passed she would have brought upon her
head The SAME caaines which have scourscd some of
the otlcr States.
We would object 10 a careful and reaso,,,,. I'D,
dtion To the Banking capital of the Stac-upon pr
per plan aud proper lincplcs-Bat certainly OPP
posed TO that wild and extravartnt extension which
would hS,d the country with ,ipseciatnp paocr n .
nsh tue pceons metals almost entirely from ua,iou
and encourage the gentlemen To avail them
selves OF these Developments - rccsabsh the mon.
s,rous Bank Of the u. States
We would exact indispensable preliminary TO
any such institution, that it should issue any uot he
low 10 10 and 20 dollarstbese several restrictions
take place at proper periods, md gradually be extend
ca 10 inc existing Banks so their charters would
adaiit OF such rcgulaionsThr ir re stricon sonlJ
f course extend 10 the circulation of the nos of ohs
nanss1i lnr o'her States, within our jurisdiction. With
.lhe aunor OF THIS essay we perfectly agreed We are
decidedly IN favor of carrying out the views of the
present Administration, in relation the metallic cur
iehcy' we recommend To our readers the admirable
Letter OF Mr. Benton To the Republicans OF Philadl.
lhio published in this day paper While France has
her five hundred millions OF specie-and Englanu her
l9 millions. the u States have not more than 5 r IN
millions We are in favor of remedying this deficit bv
sn'sf regulations TO wit, raising the denomination of
our State notes No issues in France for Las Than
5Vo any in England. below Pounds S,crlng
Is too much to expect that Virginia will lead the way
oirrorm-and set an example to her sister States Of
utlving small notes from circulation and substituting
them by more ample and solid metallic currency
am, FOR TIE ENQUIRER.
More Banks! More Banking capital the cry raised
IN some OF our to,ens. Aer The sad experience which
we nave had of the evils of circulating medium CON
ssung manly OF paper, under the control of BANKING
foIpoatons beyond the reach of practical responsibility
= u, The nsopc; at time when Bank paper is abundant
almost beyond example; time when The urea, mass
lne people are confidently expecting gradual reform
md supplying their places with pod and silver ,he Is
Esiatnre OF Virginia is TO be implored to create more
nanks or TO increase the power and capital of those al
ready IN existence. God the people from the now
or and dominion Of these paper money corporations
Is there one simple substantial reason for creating
new Dank or tor adding TO the capital those already
existing! answer fearlessly and cmphatically No,
ne people are prosperous Labour of all richly
shaving, sherilhng and pleading the law The people
are sashcd and lave every be satisfied with
neir condition. except one thing, and that thing is the
.hne Suspicion that the present state Of prosperity is
"rucai and to be short lived, being the result of too
, cansng and too much paper money Where
our Northern brethren the ldnkccs are more
than we aie-that with them, commerce and internal
improvements are more hourishing than with us-that
we arc Dchlnd them in every thing, (permt TO add
except in lazness, luxury theosing and squabbling-
and that they have more Banks and more Bank capital
man we have, and hence the difference between us We
are told, too, that for of Banks and BANKING Cant
'a mania for emigration has seized upon our people
who are quitting the Old Domnion and seeking homes
Where In the North-the land of Banks and banking
iaciues OF commercial prosperity aud internal improve
msn's NO IN the wilds of The West and South West
ne sons OF Old Virginia. bidding farewell the land of
Their BIRTH and migrating TO Arkansas and Texas in
cues banking faciIilies!!
why do SO many of Yankee brethren seek fortunes
amongst u.s. What drives them from the land of fh,ir
hr'i-the land of steady habiis' Why not argue that
NJ Is the number and power of their hanks ,,t div
Them from home? The would be lust as rood and
true as the reason assigned for the emigration hence 10
e West ana southwest Yea more so; for with all my
detesation of some of the agraran notions of q The
workng-men which agraran notions by The wav I
would charge to the monopozing corporations amongst
men, upon the principle, that extremes beget each
other II believe with the E" working men thai in some
q" the Northern States the Incorporated rEyy-the men
oil stocks with banking facilities, and corporate pryi,e
ion" 's prospecting at the expense of the oiling mil
"ill there not be stern unflnchng men nough in
me Legislature, TO defeat these schemes With whom
nave they originated? With the great mass of The peo
PIE No one viii be hardy enough TO say So Mo-
They have originated with few schemers and snecnis
tors an me to'cRs. And efforts are to be made s thsv
ave before been made to buy up every section the
.3uS men contains torn desires Canal Rail-
People of Virginia. beware! Your recent experience
ought 10 teach you lesson never TO be forgotten To
say nothing OF former periods of disaster and ruin which
WERE IN great degree the fruits of paper money and
paper money corporations, just think Of the Tremendous
power welded by the Banks State and Federal during
the late Panic. With good foreign demand for the
products OF your labou fair prices YOU saw that Inv
tne united power OF one Bank and political faction
thousand Banks were put under pressure. Money was
made scarce The value of every thing was reduced
and you were menacod with poverty and ruin You
were 'od, That the removal of eight millions of
your own money, from Bank to others had produced
disastrous effects Those who told you So were either
deceived themselves attempted to practice q wjlful
deception upon you. The total destruction of the Deoo
sites would not of ITSELF have produced any such conse
quences No: IL was the local Banks a,ved ,od co,r
" the 'ationGt Bank, allied with cnraged political fac
ton that cnused the distress which you felt and menaccd
the rum, which was predicted The Banks! The Banks
VOu
from the predicted "ruin ?" Was il the Banks? No
These paper money shops shut up in the hour of
l,eeu your own resources saved YOU in spite of the
Tanks Millions of h0rd money crossed the seas in ocst
ct the products of your toll Thus proving at once the
cv tendency and effects of Banks and the abilitv of
the people to do without them.
But, have departed from my design. ! did not in
tend to dabbe in Federal politics. as have touched
upon Them just let me ask the friends of the National
bhk. whatiaye been their strongest arguments in IA.
Vor OF Me National Bank, a National Bank? Have
hcy not argued that 0cdt Banks would be the curse OF
me country! Do they wish increase and perpetuaie
inns curse. Have they predicted that the nnt,in
down OF The United States Bank would cause the conn
Wy 10 be Inundated and ruined, by "worthess trash in
the shape ofocal bank paper? Are they more tensc;on
OF their reputation phes than anxious for the safe
" ana prosperity OF the people; Are they determined
10 lnhct inns curse upon the people, punish them for
er opposition to the National Bank and to scourge
then INTO submission 10 it, similar institutions
jackson Republicans toe the park You surely will
hot pack out i he "EIpeTinenf," for which voi and
your old hlecader, have been so much abused il no
JlsH OF mpraccable experiment You have the airony-
Isl evidence that 1t you will firm and null true
Wiln1ut hnching or lodging, reform in the currency
y De eiHc'ca, which VIII give the people due pro.
notes, and will place Stale Banks where t,ev ought
10 ne, sHtserrteat TO, not 0per the
'fress Of The people, and the people governments Ne
yer attempt TO hill Gov. Tazcwells 5ucuum with moro
ndhh p" per. what ihlcd the vacuum created by the
tremendous curtelments of the Banks durin the latc
lanic! Hard money from abroad Hard mogev ,ou 6ll
me vacuum created by the winding up of The Naooal
Dahk provided the country and need il and pro.
yided there be no foul play the form Of Bank or leois
latye quackery
Messrs. Edtors-f feel no fostI;fv 10 ms, c.ito. IL;
zens in town. take delight in seeing one portion of
our people arrayed against another But surely it is un
reasonable to ask the Legislature to saddle the eooIe m
~ ot' WIN more Papermoney Corporations to crafty