Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-03-22
The motion being agreed 10, the committee then rose'
and,
On motion, the House adjourned.

United STATES BANK DIAFTs.-When the pan"
found it impossible, few years SINCE to OBTAIN civ
lation for lis notes, authorized by the chaf'et ~ sun
cent quantity 10 satisfy its avaricc, II resorru u M
prditn violation OF It's charter, OF issuing u.
branch drafts Or these ii issued ten millions Oh eva"
of the denominations of five, ten, and twenty u"''a
ami by the constant reissue Of them at all points ''
country was kept flooded with this species vi spurious
currency. . ::
MIR. I5idde, in public speech few days since; IN
formed the stockholders Of the bank. that IL e'
ted from the old its circulation of twenty-five n''"'
of dollars That he intended to include the portion o'
lis circulation Of branch drafts there cannot h uouo'
We have the information from most authentic source,
that the nso Bank at Philadelphia is paying out the
branch drafts of the old Bank This is the manner IN
which part Of the inheritance is to he DERIVED by palm
ing upon the community the fictitious paper OF ah III,
slilutiun which has ceased to exist he bank moi
only now issuing the drafts Of t Old Bank, but 1t mas
had the cashiers of her old branches employed in lhe
manufacture Of the kind Of paper Tor new issues
We have before letter from Cincinnati OF The 2'tn
utno which says The Bank Of The Cnocd States a'tlt
hare her sharing shOp opened here IN "6out m0nth-
Their old cashier, Peter Frozen, has bccn t"Sy engaged
for some r.c in GHing up their Old blank ccchs upon.
Philadelphia, to the amount, am toid q 1stHt0n'
These facts show the wisdom Of the cglsiann, 10y when
probably the plans oi tic bank VIII tc defeated III ''
Stale Of Ohio.
There can be doubt that the plan Of the bribery 6ans
in Pcnnsy lvania to have Us many agencies located IN
other Slales the Bank Of the United States hau
10 be paper mini They arc all to be employed in fill
ing up drafts in Philadelphia, for five, ten and twenty
dollars, which they TO endeavor TO throw into crcu-
laon through the medium of the purchases OF domestic
exchange. These The bank expects will remain III clf'
culaliol and orm part Of the medium of the Country,
and thus the prpphesIrd inhc'tnnec be acquired.
We trust this plan Of the bank will be defeated, and
VIC doubt not il will be- 1t will be the interest OF every
ba in every State of the Union 10 re- use TO receive
this paper will be perfectly suicidal tor the iiecna-
nd he
but encouraging an addition to that redundancy OF pa
per already circuation which has advanced the prices
OF ali the necessities of life, while the prices OF their ID
| Dor remain the -.
| There is hardly bank in the Union, which will not
long be compelled to contract It's circulation OF pa
per- therefore, they all have direct and immediate IN
crrsl in nu only preventing this new issue Of spurious
trash By the Philadelphia bribery bank, or its agencies
but in forcing home for redemption the paper OF all sors'
which is still out of the Bank of the United States. -
The interests of the banks the sefpreservatlon OF all
tn producing classes Of society, demand IN united op
pcson defeat The plans of the bribery nk-G'O''