Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-03-03
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FOR TIE ENC CIRER.

~ attentive examination Of the Bill now before the
snsin'e On tins subject induces one to believe that
e"nniit!re who have reported this Bill, have been
c=a Ny desire 10 accommodate all parts ofthe State,
Ta n'nner as they may hope will be sufficient to
S1t ~, farther applications for additional Banking
4, ~, "F Many years to come.
N'er Ihs impression, am tempted to make the fol-
>Hgsg"s"nS. before the bill passes into law, I'm.
VIZ nope that they will meet the eye Of such mem.
H 'ake an interest in this allmportant subject:
'PcaFs 10 me. that the Bonus proposed Is too foc,
maj !iFr" should be tho same amount of annua! Boz
%qE''ed' on The Bn"fing capitui already IN eTist-
l." confluence from The time when their present
[s.' W." expire. And fit is deemed advisable &c in-
hanks, independent Of those already in exist
! = "'H'a suggrs, that Richmond should he sepa.
~ MOm any connection with Norfolk or Portsmouth,,
6s'' '5'>,s scarcely any connection in business be-
:" Fs" latter places and Richmond; and it is vel!
. "' 'a' great jealousy is entertained ny those
-, '=an>: Richn nd; indced to Such degree, rs
NV P,sS'o'y endanger the subscription to the lnde-
nahA at Richmond, as it stands in the Bill,
81 ~. "iS VIII amount can be filled up in Richmond,
~. we nck country With which j. is connected for
>, - f.h9n that 10 subscribe to an independent
= ,,.. ":'"k, NIL absorb all the funds which the an
-" Ho!i"k and Portsmouth, and the adjoining
#r "'SW =" disposed TO embark in Bank capital.
Bu's u,;< evil, which | seriously apprchend ]
~ .nS the incorporation ola Bank at Norfolk,
IL ,,so 'Sap'l! to establish branch at Portsmouth
"ach nj C!tfksvil!e if necessary; and 1t this
sno",r1s, and that the interests of Norfolk and
,Sn" u. 20 not h2rnonize, then would recommend
io' .rSn' Bank for each of these places to which
,dn,, usH c;'z"ns aud the inhabitants ofthe sur
ao,e bS"u"Y would freely subscribe, from views to
B,s,I "I'" own immediate interests
H.; r. T"''a suggest the establishment of an lnde-
il ~ """ "' Richmond, with sufficient capital 10 en-
M",,' =" FS'end branches 10 FarmyiIle, Scottsve,
s"sS'''e and Fa!mcu,h.
s,nra" ,"'s this subject, would earnestly pray the
H. give 10 ii their most serious consideration,
,nsn ,"e 10 promote the schemes Of Internal I'm
a. or wow NOW gong forward, and to enable the mer
Ia nsn'a to carry on business without being
haStry TO their sister States. for that accommo
FL ur m.a y, should be afforded them at home; and
Hnon,, sn"fn TO bear in mind, that the payment of
#t wbt I" Due by our citizens to the United States
b. m,d, has been assumed by the existing Banks,
In will 'sFeeably to the s,ipulations entered into,
:d,, INCREASE the demand for banking facilities,
us Ill.,, .nese periods arrive. 1t must, moreover, be
e l;n;,'sI" ne withdrawal Of the two Branch Banks
"a en,;..'a States, the stock of which is owned al
# much oy non.residents of our State, must ope.
Ed had "o'e severely, than if the like quantity of
LII is rvu', Withdrawn from State Banks, whose
~ nna "eo Tor the most part by resident citizens,
A "5 would have still remained amongst us.
IN AN OBSERVER.