Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-03-01
COPY
Of Communication Of the President Of the B"nf OF
EirGinin.
BANK OF YEGlNIA. 10th Feb, le}G.

BANK or VIRGINIA, 10Th Feb, lo;U.
To the Speaker If The Honse Of Delegates:
Sir observe with deep concern: Tia cnmmnnlra-
ton made by me to the Speaker Of the Ilous" Of Dele
gates the 2h day VI JANUARY, in obedience 10 re-
solution of that House the 10th, offered by the Dee
.galr from the Borough II" Norfolk has been deemed OF
SO much importance by the inhabitants n" that place, as
TO public meeting To be rld Ia reprs the I'M
founded npunlions calculated to involve their CONNER
cla character. At tina: meeting, smndry resolutions
were adopted which have been published in Tie news
papers and sent TO linz Senator from that district. aud
the Delegate from The Borough, 1" b. laid before their
respective bodes; and find those resolutions were
yesterday presented to the House Of Delegates and re-
Irrrcd to the Select Committee Banks.
1t is with much rrluc:1nce that nirndr myself up
on the attention of the House Of Delegates hut feel
confident shall be denied the privilege n nstlica
ton through the channel that the meeting al Nor
folk have chosen for their communications ain not OF
atemperumcnt voluntarily 10 injure The feelings of any
nd3dual, much -ss those of whole community. And
had been of the extreme sensihtr of the nia-
Litants of Norfolk in regard TO their COMMERCIAL cha
rlc"t, willingly acknowledge that should not have
used expression that seems To be "HnXous To them.
whrn writing about the concerns of the branch Of
the Bans with which am connected. cnu! have had
mo@r, and certainly had no inclination to oilnd n'
inhabitants OF that Burour ll-nany n whom hold
hlri destinations; but cannot lie driven from The fear
less performances OF my duty towards hr Bank, by the
sIscrptbItrs of those tnwnom had no Reference The
inhabitants Of Norfolk have formed a much lower est
mate of their commercial character than | have,
when they supp"S" it =. b. "nv"vr, by AIRY p.Ssin.
remark from humble an inilIvlr:nal as am. ! hop.
stands too firm base To be shaken hy thu breath
Of any They have ncrGlesSiy marn!iiel very
simple n.aIier into of consequence than il de-
served. and have no question o tnIr viewing II III
this iig, wien the excitement Of the moment shat! 'avc
passed away. Tie wh"!e affair may be explained in
very few words.
Al late meeting Of The stockholders Of The Bank of
Virginia il very respectable gentleman from the branch
al k"riuk, proposed That portion q: tie c"n!mgcnt
fund =, the Bunk Should r applied to the Restoration O"
the capi al that had been lost al that branch! when
another gentleman moved that the subject referred IL
the B"ad o til. Bank of Virginia. /" which, according
To early decision Of The stncNo!drrs HE power o! dis
lrbutlun righ;tuy hrlungrt
Believing that this would mprs" unpleasant
duty, expressed wish that the Stockholders should
themselves determine that question: but not graft
tied in that wish. Tie Delegate from .Noriol& borough
presrn. al the meeting, and afterwards offered the
resolution in the House Of Delegates that has brought
much Indignation from the lEhaluanlS of Nur-
folk. That resolution! seemed To Imply L the
Banks in Itich#lpud Tor sending portion Of their
contingent funds their branches III Norfolk, and
evInced disposition to litl through the
power &" the Legislature alter Il had been disposed u by
l!Ic Stockholders.
resolution: and th"n.ht 1t my duty frankly t" state Inc
the Bank Of Virginia Intended 10 pursir, and
some o.: tie that .oyrrnr tic Beard. " li.r
force oil those reasuns, 1t is for others {" judge" do n"
with much urlaElInty by the inhabitants r .N"tt"Ek,
in all Of which my stands prominent, with
occasional sptnkIlng OF crnsuTe ON The Dreci":s ~it
whom | associated. Nor shall repeat the ubnu1-
ious sentiment that the debts of the Branch Norfolk
may not he sale i'll general thos: Richmond. 1t
sufficient for tie Board to know that wmlt tho
Dank at Richmond and the other BRANCHES than
Norfolk: nave 80 tar recovered from the dS,srls u" l5i.
spoken Of in the Nornlk rcsoluliuis rs to cunriu..
ANNUALLY To the contingent fund thu latter had fur
nlshrd any thing towards it, and it did
hle that In: money made al other places should BE- trans
erred 10 Norfolk I" be used LEGS p:olitibIy than else,
where. This may account for the c"rsuci III the Board
at Richmond, without cOnJuTIDg Sp!It o! rivalry
he part OF tic Directors Tie President their
ruling motive. They, so far from any hostility,
would GLADLY Norfolk prosper ACCOUNT, ct the in.
terest Of the Bank itself, aid would rnlce higher
considerations, that il could become The rriprr!u,n the
Chesa vra:;e II they capable ui i',in. ..nvarY
towards any town, Petersburg, from lis proximity aud
active business. would be The natIra "h pet nt
lousy, yet not whisper "t such sentiment is hrard
The idea Of spirit OF rivalry i'll tie Board o.. Dircc
TORS is mere spirit, which may disturb the niag
ton OF others. but Is neither rll by them.
The Boar! at Richmond nave dsnrs, strd motives
in conducting the Bank any other have.
Their object to redeem the pledge, an; 10 cunorm 10
the oath they have taken tn promote The interest OF Inc
whole institution. They have furnished the Branches
at Charleston and buchanan with the active capital al
lolted to them without drawing do!lr from any "f
the other Branches and they have agreed with thr
Branche, at Petersburg and LynchbuTy tina, they shall
retain all their surplus profits 10 make sunl their
respective capital The other Branches have made
bad debts OF consequence bu. their profits large,
they viii have just claim on The brnr!;s arising from
their surplus profits, while the Norfolk Branch durs
TO be "jus;lv entitled To any portion n: that
tingent Fund, IL which has contributed nothing
The duty the Board the stnchhnd,rs is make
their stock profitable MAJ b. consistent with pro-
per regard to the security OF the debts and they cnnnot
be induced To adopt any OF contrary tendency
! have the honor To be,
Sir, with great respect,
Your ybrdiPnt,
(Srned) JOHN BRUCkENBROUGH