Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-07-01

TIT Ca7fRoR-We perceive By the Rlchn1ond
Whir that some persons in Richmond have pctllioned
his Majesty, Nicholas Biddle for an agency or branch
of his great Pennsylvania United States Bank I'D 'ch
mond This is question entirely different from That o
an increase of Banking Capital by the State There can
be no doubt of right to increase the capital OF our
present Banks create new ones TO any extent "hcn
may seem ourselves cxpedlent; but has fennsyVah"
such right! Can she increase our Banking Captain
her pleasure and deprive Of the power OF regulating
our own currency, which and has Tor long Tune
been in sOnnder stale than almost any other portion oi
the Union; If she interfere with our monetary sys-
tenn at all by direct agency, she may interfere 50 a'
TO monnpo!izc. If she can send million OF ca.
p;la here to be used in Banking may she send NJ
t. Millions, and at once cause fluctuations IN prices rum
Gus citizens but profitable to her and These lac
tuatioIs of such nature that individuals or corpo
raons protect themselves from the fatal ln:nrnce'
and Tie State o! Virginia may be e.cally sold 10
Mr. Biddlc the Stale Of Pennsylvania has beech
The only means OF resistance is, by Legislative acton
Immediately operating upon the subject by prohibition
TO incorporate new State Banks would be only to m
crease weakness. The Bank stock would u"
taken by tie aid o.. facilities afforded BY the agency aud
would only be means OF extending lis powell
Banking privileges exceeding profitable and every
State charges the corporation for asc privileges, bat
Prnnsy is to get tremendous bonus Tor exercising!
banking privileges here. for which, virginia. will get
thing II the u. 3 Bank objectionable because Il had
the power TO interfere with, and defeat Stale legislation
upon this subject. how much more objectionable will il
be to submit to the power Of single ambitious sister
Stale in this matter; This Pennsy vana bank will lave
by lis agencies the same power TO regulate c"nr" and
mOnupDIiZc exchanges which possessed by te Uni-
ted Sitles Dan; Wills its sole object w ir l.I'.sscdy
tn make high profits for Pennsylvania out Of us. il
icnnsy vana has the right 10 establish n:onsous cor.
ppratoD which may, without bonus or asking con-
sent OF Virginia, control money concerns; 50 HAY
England, France, Russia, Gud in time OF war.
might find ourselves entirely in tie power 81 "uc
enemies, far ability make depended upon
finance, which is indeed lis uust important clement,
Ill IN lrttr nd
agnin. We merely throw out these h.#y suggestions
10 call the attention Of sockIodcrs in Ea:ks who
have any regard 10 their profits. "i c!ti2, rs who
have any wish for we'll regulated currency, the con-
troll Of which should ever be in their power IS Is
now-and to al! who love The independence and lP?!-
ness Of their Stale. This is party question: although
Of the great objects Of this Pennsylvania Bank is
political power but il is question OF vital interest 10
every individual! in the charlottesville Rep.
The Secretary Of the Treasury has issued circular
to the collectors and receivers Of the Public Monies, AID
to the Dcpnsc Banks, in which he announces, that
urrrcaby Act Of Con-rcss the bills OF the United
STATS flank longer receivable for public dues.
He adds
For further Information, connected with the kind or
money which ought hereafter ~ be taken, anncXa copy
II IN" second section Of act o. Congress- passed prl
H. >;t directing in wEa! alone all failure payments
to be made 10 the public creditors. viz:
80. ind be ii Jnythcr ranctrd Tint hereafter
bank nnte$ Of less denomination than go ana that from.
and after the third Of i!arch, a. d, eighteen Hundred /
and thlr;y.scvcn, bank note OF less denomination
than twenty dollars, shall he offered in payment i'll any
case whatsoever, in which money is 70 be paid By the L.
Sa!cs. or the Post Office Department; nor Si.a! any
bank note Of any denomination be Offered unless tic
sla be payable, and paid ON demand, in gold sill
vcr coin Al the place where issued: and which s!a not
b. cqu:vn'Gnl to specie, al The place where offered: ad
convertible into gold silver upon The spot, al the will
OF! thr holder: and without delay uss to him. Prori
dad. That nothing herein CONTAINED snail be construed
to MAX" any thing but gold silver legal tender by
anT indIT.dua!, OF b. the L. States
MovrT MAnKEr.-rhr Philadelphia L. s Gazette !
says:-'Ti!e GiraEd Bank must have paid out than
haT million Of dollars last week account o: tie ,
French indemnity: and it known that the sum
would be payable at that nc may suppose that il !
was not necessary to diminish discounts order 10 meet
the payments
We learn (ofcourse molicaD that tie United States
Ba@k a:; week made large discounts, not less perhaps
t!on \ million Of dollars in this city,
The N"w York Journal Of Commerce of Saturday |
say&:-"lcscrday the weather was warmer and money
plrn,ier than any other day Of the season"
The Providence Courier O.! Thursday says 80 The !
money market in this city much easier yesterday
than II has been for time past the arrangement c
tered no by the different banks OF the city produced The
desired effect We hope the arrangement sill be per-
mancnt one. thereby preventing embarrassment to our
merchants, manufacturers, and others.
SMALL HI.Ls.-The Jackson Legislature of Ohio. al
their last Session. passed an act lcvyng tax OF % per
cent upon The dividends of all the Banks in the State
but reducing said tax to per cent in the Of such
Banks rs should in writing, surrender the right
trred by their charters TO issue circulate bills
o! less denomination than three dollars, after the I'll.
day OF July, lS and any notes or bills Of less de-
nomination than five dollars, after the 9Th dag OF JULY
loJ7. Convention Of Delegates from twenty Banks
held at Columbus the 9Th insl resolve" 10 make the
surrender although they express belief that the lax
being i'll effect penalty for doing what their charters
authorised them TO do, is unconstituona.N Y. jour-
NIL n Commerce.
COLD ColS,GE.I.ast week, by the Treasury returns
il appears that $39oGG2J in gold coined at the mint!
an amount nearly equal 10 the whole average annual
conayc before ga.
iioEE Gorn.--1he Samson, which arrived i, this port
!oIn London on Saturday, brought out $50 900 sterling
in Sovereign 100000 for the Bank OF America, ESQ.,
900 for J. L. n S. Josephs q Co.
y. \. .NtrcantHe .91rcrtErr.
Albion X. Paris. Of Maine, has been appointed Sc.
cond Comptroller Of the Treasury in the place Of Mr..
Thornton. appointed Charge 10 Peru.
6! A En REWARD.-Ran away from the sub
70 H-aeV scrihcrs. living in Tazc wcl county, Va,
on the fist day nr this month. three Negro fellows