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


An attentive examination of the Bill now before the
Legislature on this subject, induces believe that
the Committee who have reported this Bill have been
nctnaed by desire TO accommodate all parts the State
IN such manner ms they may hope will be sufficient to
prevent any farther applications for additional Banking
coPit9i, tor many years 10 come.
Under this linpression tempted TO make The fol
lowing suggestions before the bill passes into law un
der the hope that they will meet lie eve Of suc re-
bers as take an interest in this alimportant subject
II appears to me, that the Bonus proposed IS Too lo,o
and that there should be the same amount Of annual b.
nus required Me Banking eapituL afreadg an ,risf
enes TO commence from the time when their present
charters viii expire. And if is deemed advisable TO in
corporate Banks, Independent Of those already in exs
ence, would suggest that Richmond should lie sepa-
rated from any connection with Norfolk or Portsmouth
as there exists scarcely any connection in business be-
tween these latter places and Richmond; and il is well
known, mat great Jealousy is entertained by those
places against Richmond; indeed, to such deeyec az
might possibly endanger the subscr pon to the inde
pendent Bank at Richmond, siaads i the Buk
unless the whole amount can be filed up in Richmond
and the back country with Which il is connected for
am OF opinion, that 70 subscribe TO independent
Bank at Norfolk, will absorb all the funds which tho in
habtants Of Norfolk and Portsmouth, and the adjoining
country, might be disposed to embark in Bank capital
10 remedy this evil which seriously spprehend
would suggest the incorporation of Bank al Norfolk
with sufficient capital to establish branch at
and also branch at Cilrksve IL necessary; and IL Ibis
IS objectionable, and that the interests Of Norfolk and
portsmouth do not harmonize then would recommend
an Independent Bank for each of these places 10 which
no doubt their citizens and the inhabitants Of the sur
rounding country, would freely subscribe from Views To
promote their own immediate interests
Lastly would suggest the establishment Of an indie
pendent BANK at Richmond, with sufficient capital 10 en-
a6e Ut to extend branches to Farmvle, ScottsyiIle
Charlottesville and Falmouth
before leaving this subject, would earnestly pray the
- 70 give TO Il their mog serious confederation
H 'hey desire to promote the schemes Of Internal I'm
Pfoyenent now going forward, and enable the ner.
cnants o. virginia to carry business without being
made tributary 10 their sister States Tor that accomo
opu9n winch should be afforded them at home; and
would urge Them TO bear in mind that the payment of
Rs,I now que Oy our citizens TO the United States
Dank which has been assumed by the existing Banks
s1 DC made agreeaby 70 tie stipuations entered into
"n'ch VIII increase the demand for Ranking facilities
"cooroing az These periods arrive II must moreover be-
obvious that the withdrawal Of the Branch Banks
o. me United States, the stock Of which is owned al
snuIey ny nonresidents Of our State, must ope.
s,ocS had been withdrawn from State Banks whose
s.goH is owned for the most part by resident cuizens
""V'o money would have still remained amongst Us
AN OBSERVER