Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-02-23

tons upon The exchanges, are 10 CONTROL for the benefit
OF this monopoly the value of property, the contracts,
and commerce ut the whole country. In Virginia. at
least, there is perhaps, little ground far ,sPposing that
rival Banks, regulated by power more Exclusively TO-
reign than that which controlled the Bank of the United
States (naSmnch as our State represented in Con-
greSS, and never he represented III the Legislature of
PcnnSy yana will ever hc tolerated Many Of the other
Slates-ALL, it would seem, who value their ndppcnd.
encc or the prosperity Of their Institutions would
scout the idea Of foreign and rival and independent pow
within their limits. The mode Of operation must
then be- BY agents mpnycd to lransiSe this foreign pa
per BY loans and hy dealing in exchanges, and hy vari
Gus other concerted measures applied in extended action
through the Uniun aud by Which the State institutions
are I" he held IN check, circuscrbtd and inpoverisi
cd and It possible, broken up From such &c
measures tending 10 such results, freed the course
would be In the hands vi individual agents from the
SralntS OF official drcorunl, from supervision, c0
rettcat at cas by tho representatives of alt the nation
less iorbearance and moderation be anticipated,
than were experienced under the old system, corrupng
and audacIous as that system found in practice
Against the portcndng INVASION Of the od enemy under
ensigns; INVASION Mcssrs Editors more powerful
than any to be appchendcd from the King Of the French,
our protection is 10 be found in the intelligence the alac'
Ey and frmness of the LEGISLATURE. The enemy must
be met in his approach TO the confines and never be per-
mited to the line the territory oil this Stale
Once let him make gnent amongst Us, he will forti.
fly himself and call his aid the hireng and disloyal
from every quarter His means OF assault and annoy
will instantly be augmented ten thousand foid-
None can Imagine much less enuulerate. the various
schemes and appliances by which our people will be
duccd and led gambling specuatI"ns, and by de-
peudcncc on those who will first supply them with the
means of excess and then opprcss them, and be tempted
veay and lreacherouS surrender OF their principles
and their liberties.
In sober truth, the Legislature cannot, consistently
with their duty either TO the people indridualy 10
Banking instAutions in which both the State and
her citizens individually are deeply concerned, tolerate
the aclion of this great Pennsylvania Bank within the
territory Of Virginia. They should, therefore, without
hesa,on nblt not only the establishment of branches,
but the location q" uagences connected Herewith for the
purposes Of lending money dscounng notes or drafts,
dealing in exchanges; and should prohibit under eff
Gent penalties the circulating Offering for circulation
within the territory orursdctiun of this State any note,
check, br draft by account Of the said Bank
uny brsuch or agency thereof, which may have
mated Or proceeded theretro, directly indirectly, or
BY account {" individuals by proceeding, prompt,
energetic, and mistaken, like the one here Indicated
people and our institutions may be rescued from the
plague, which now threatens them. Without such
exrrtons and anxeties in prostratng the
Bank of the United States, will have been than
idle We shall have only progressed from lesser 10
one of lncalculable magnitude.