Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-10-14
POLITICAL.
THE UNITED STATES BANK,

This powerful and dangerous institution, allhou1h
shon its national character has :oSl none OF It's
their attention the following exposition from which II
will be seen that Nicholas Biddc as heretofore, Is ut
work TO Cypress aud eubarrass the money market ny
nurchssinG III the rafvr O.. the various State BANKS,
preparatory TO making upon them to: Specie inns
OF course must lead 10 Limited issues aild curtahens,
that will be felt to greater or les" extent by every ou
siness in the Union Cur readers VIII observe lna'
this financial movement Of Blddc made Just upon the
eve of the Presidential Eccliun and there can be no
doubt but the object is to coc:ce as lar as possible the
people into the support of the Bank candidate, General
Harrison. Every cxpcdcnt Is resor'ed TO, every nerve
is strained by the Opposition to carry their point by The
election Of President friendly to National Banking
Institution If they succeed, the people Of the U. s.
may look to have .Na.iOgut Bank sadded on them in
less Than twelve months Mr. " Buren,, stands pledged
to ccto any bill rc-chaering National lsanl-Gen H.
is BQnl:.nan Republicans, which will you support:
Petersburg Constellation.
(From the Washington GlObc.)
BrpDEK BUYING THE NorEs OF THE STATE BANKS
In Yesterdays Globe. Stated cur belief that The
immense capital which D;ddc has contrivcc 10 keep IN
his hands was employed by lin, in purchasing up the
notes Of the State Banks, for the purpose o. making
upon thcm compelling them 10 press Their esto'
ers in torn, and making distress and panic III sa9scTri'
cnce to the interests Of his political allies. To-day we
have the confirmation Of opinion in the att'ce gwen
below from BickncitS Reporter print which has fotg
been supporter Of the Dank ana OF t'ldde, but Sachs
inclined to 1esis; the GIGANTIC BROKER, IN MS at
tempt to destroy the State institutions. 10 accomplish
lnerceEary poitica! objects by course OF dealing IN
direct violation OF the late 5vi1chough charter 'lhs
charter drawn Up by Biddies lawyers, and work
ed through the Legislature by vena and corrupted set
of men, ready, having Abandoned all ai, TO tcl. con-
stitueats do tie bccsts Of him 10 whom they aad
SOLD their allegiance gncG had g'"en ampeseoPe
and verge enough 20 ali the designs whether oil aVarice
.orambion) of the Bank President.
But it seems. although ppwcris gwen hsn: 10 Huy up
all the stocks of the Slate OF Pcnnsy iranla-o buy
The stocks of the Federal GovernInent-to buy up the
al
canals or inland navigation, there sufficient shame
left in Bdde his advisers 20 nre1e" them from ask
i.s the power deal iii tho notes G! othe- uaaks
and discount them directly Us they Go the Totee o.
individuals This process, SO evidently calculated 10
nut the small fry OF banks absolutely III the jaws
of the whale, not enumerated among the extrava
taat concessions made TO it, This would have been at
once to alar. the State institutions every where a:e
induce corporations always before comps aha con-
plying, to make common against Mr.. BIdGie BE-
sides, he knew that, Under his bill OF exchange ceiling
power he would be enabled by ndirecon to accumulate
his hands, secretly, ouch Quantities Oh TIE foe6 ol 'Ee
State institutions as voall enable him destroy theta
He has declared on oath, before committee of Con-
ress that it had been in his power to destroy The STATE
banks if he would That nc iS at this omc, through
his agents in the West selling bills drawn his bank
ain Phiadepbs accommodating the nnes of the Western
banks obtained from merchants p1rciaSing ~: bills, 20
make runs upon these banks, and thus compel thcmto
spread distress and dsmay Among eir debtors a;d the
generally have not dnpGt &iaat he rs
:=buying I'D the notes brought TO Philadelphia, Is directly
asserted by press long in its confidence, and the fast
iG,iends of the institution over which he prcsides
There double motive ct THIS !aotaent Tor the eHcr-
tion of this tremendous power with which Eldaie Gora!-
Led. Ills political friends consider il proptous tame to
press the banks Had the people in Ohlo by the invisible
hand of the bank because it Fr.i enade lem, las IN
the instance Of the removal OF the deeoses 70 lay the
eoset operations Of the bank to the late Treasury order,
and SO drive the people TO the polls against the Admins
traon under BE influence OF the artificial panic con-
ftsipes 10y the bank.
But besides this, the moneyed men aad Spectators,
Biddle ssaurch political and omerc!airtalers. have
deep interest in the reduction OF the price of Western
produce that tey may buy il cheap under the panic,
and sell it dear when it Thesa double interests
have put Biddie in the market for tenoes of fine State
banks. But whatever the motvc the fact is indlsputa
ic las will be by the following article, which we
copy from lSieknells Reporter:
ifroM Bickners fr2or1e7)
BANK or THE UNITED STArEs.-It has alwsys been
our desire to speak with dc dccoum and wilhewt the
slightest nre on party pre- JUDGE when nlludaq to the
Rank of the United States. We Loo: pc,n the instS.
on Sc the most influential OF It's Class in the country:
md we know that it is conducted with signal ability
We also know that many false and unioundcd ullcga.
lions have been preferred against it-and hence VIC do
not readily attach credit 30 the charges that !roa Ie
time are uttered with regard 10 It. lsnevcrlhcl'ss
nir az the conductor Of free Press and regardless
liz or the smiles and irowns Of Tic nops;e. to state
facts that pass under our own !eGate Aoiice twas
some time since mentioned TO Us by Respectable c:tl
zen that the Bank was then actually engaged IN dis-
ntnq notes of other Banks in other words Of trans
acting TIE business Of exchange broker. We dscre
died the statement the time, and paid attehlon to
j., but il has lately been confirmed IN so many different
y,vs that feeling considerable interest upon the SUBJ
set and anxious to know the truth the 25h ult
sddpessed The following note to the President of the in
PHILADELPHIA, Sept. 81, 1886.
N1cHoLAs BIDDLE, Esq,
Prcs;dcat Of the Bauk Of tie U. States:
D,ar Sir: Having been informed by respectable
merchant of this city, that you ore now engaged in dis
oonnt;nu nncurrent bank paper in other words Of
hasnc ,uch paper; and believing that such course
have therefore thought proper to seek fo information
unon the subject from the proper source before giving
pI he statement NV paper being, in great