Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-04-03
POLITICAL.


POLITICAL.
THE BANK OF THE U. SrArKs-'Phe article which
we copy this afternoon from the Washington Globe on
the subject of the United States Bank is written in n
warning tone, similar to that which uttered with all
the emphasis IN power when the statement of the
Bank Tor the present month first published fort.
night ago Right glad are we that the Clobe
takes the same view of this nomentons subisc, ,,b
serves, ana enforces Ut with much coGoncy and eo-
quencc We have been surprised and ricvcd at the tor
por and apathy which the greater part othe democratic
press has hitherto exhibited in regard the ominous and
oohg state OF things disclosed by the report of the
condition of the United States Bank An idea-a fatal
ldea oil security seems to be generally entertained Men
seem to think that the Bank has exhausted its capaci
ty of mischief and that it will expire without andter
Struggle That has not exhausted it's power to do evil
ITS late unprecedentedly rapid extension of its credits
affords unanswcrabe proof An Institution that enor
ITS Issues to the amount of rwELvE MILLIONS or ne,
LARS In four months, and at time when there is no un
usua occasion for money has fearful hold on the com
merclai interests OF the country and may shake the land
To- ITS centre If 1t chooses to its power for evil
That 1t has lost any of its disposition to do evil what
evidence can he adduced' That it is more woribv of
confidence now, than it twelve months ago or Thai
VIII not again resort 10 the means TO accomplish
the same ends, who will be so foohardy TO DENY
we inPlore our friends stand their guard We be-
seech al! those having influence the course ofour f.
nancal affairs, themselves to stay tire fI lido c
paper currency with which the Bank is now deuoin tho
land Unless precautionary shall be speedily and
ehectualy adopted time of fearful action must soon
1feHD INC precious Dcais hare begun o,o on. of
me country 5t more truly does the mercury in the hcr
mometer disclose the temperature the air than che
ne
balance now prePonderang against us, and viii con-
nnue to decline and more for commerce. sti1auln
ed by bank facilities, is hourly increasing dangerous
ACTIVITY ana enterprise and speculation employed
themselves on wilder schemes than now The veins and
orcres of business filed to pethoric funcss with
the circulation of the banks Importatons are daiIv
made to augmented amounts; prices are continually adj
vancng; and every thing that lorid and preterna
turay healthy appearance which ioretokens paralysis
and death go
Those who fondy imagine that the United States Bank
VIII yleid up as existence without last and fatal
must turn zeal car to all the lessons of the
past ana smut Their eyes to all the indications of the
future Commercial embarrassment is the only means
thas left 10 work with and this expedent il is Preparing
10 use to more fearful extent than before When we
noticed this subject fortnight ago and expressed the
same fears, or te vicons we might rather say
%hicf now AL our minds, by the National
NaZetle he peculiar organ OF the Bank0 with the as
sertion that the extension principally domestic bills
OF exchange, and that had been accustomed by the PC
cuniay necessities of the merchants and planters
south But Is fact perfectly notorious commercial
men, that the planters Of the South never stood in less
ecd OF Pecuniary assistance, from the monied nsttu-
Mons OF the country than at present Their condition is
slngularly prosperous. Abundant crops at home and
high prices abroad have put them above the ccessit ~
asking advances anticipated sales There has not
been time IN many years fever before when bank ac
combinations little required by The Southern
planters as they have been during the last few months
lhe simple truth is, the Bank has extended seIf in
all ways tat 1t found practicable to do soTat it has
not been able greatly extend its discount line is one Of
the fruits OF ITS former wickedness The course which
IL pursued IN the FIRST panic spread commercial enbor
rassent and rain the country necessarily dscon
nected it with great portion of those who had rc,inms
ly obtained their discounts at its counter T6rv wore
forced to apply TO other nssiions rcceiying from
other institutions all the avours they could REASONABLE
ASK the Mammoth Bank has been able to lure them
PACK TO make dupes and instruments of them again IL
mas therefore been task of difficulty for il 10 keen i'm
ITS discount line to its former amount. L,u 10 ~
tendlng It's operations to .hc amount of TWELVE Mi.
LioNSi the greater part IN bills Of exchange it has ac
comPshed its object equally we'll it has the
matter These nils n efcbaRge arc dra,en o., NgusDoI
time, anu are payabie tOr tire qOf D0ri in The NJcyy 81
NC n Iyrg 4
1ch0e amount as oe haze ascotancd tn our eayo sgtCl
non rom ta'ious alheHtc sources docs not |aH 0tbe
grosSi ~
Let the reader ponder seriously on these facts Let
nun examine inc operations of the Bank in reference 70
the poiilicd events which are approaching Let him
Compare the date when, as we have said enorn,ops
amounts VIII fall due in the Northern commercial jtes
and principally in New York with the dates RI ccr,.;
great political eycns-namcly the meeting Of Conrs
and the election Of President Of the United States bo
mas eyes 20 see or ears to hear understanding
conceive, can obsnaeg shat Ills scnses 10 the evidcn
ces as broad and pal pable the sun az monday at
the United states Bank intends agoin 10 take the field
WIN we uouOlG purpose OF compelling rc-chartcr, and
forcing rs candidate for President the People? Who
can doubt that commercial embarrassment and disrces
are ne means which il designs once again 70 employ -
Cfrort he GioJej
iNcREAsE OF y. >. BtNK LoAss--We should CON
sder ourselves unimihie or drowsy scBtineg, did we
omit To awaken public attention to the fact Of the enor
nous and rapid extension OF business now exhibited bv
The Bank Of the United States.
!" IT. 'Sslon oi l03S, VINE its application FOR re-
newal OF 10 charter was before Congress t was nocd v
the BANK and rs advocates and supporters that lie
Plcaion winch o made thus carly, rendered nece
say " tnc onsacfIuon that, iH the charter was
not TO be renewed it must commence ceIIcofif IT, ;,
uegt ana make general preparation for winding up ii
sHans Inc same statements have continued TO be nao
aunng the greater part ofho years 1851 through the
Bank presses, and The amount IL monthly cnrtaa9ens
emphaucaly stated which The Bank must and ,yould
cav IN 50 az ~ extinRu'sh the whole amount of Ioans
que 70 ~ with The expiration Of the charter Thcso
must nave been made, either with n view 10 aoologze
tGI oor'allnepts made and making, in the way of
rSas, io ule purpose OF alarming the community
oiators ana leaders Mcssrs. Clay and Webster and
otners repeatedly declared the Bank 10 be now dead
1hefe was not hope, they said, that 10 could BE- re-
Chartered The People had decided that it ouef d.
ne former gonuoman even prononncea eulnrr In an