Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-02-11
Richmond. FcJruaru on. 1s36
THE BANK OF THE uNITEb1 81 s ~ GI5SA-"


lie late proceedings in the Legislature of Pennsylya
MA IN regard the charter Of the Bank Ct the United
States, are well calculated TO awaken the attention OF
The people oil the other States. 1t be apparent to
the most superficial Observer that so large capital as
contemplated for that great Bank cannot be designed
to be employed in Pennsylvauia alone That - ~, No.,
has upwards Of forty Banks welding capital of abont
twenty millions OF dollars and one can suppose that
thIyhve millions more OF capital prohtably used
III the commercial, manufacturing, and agricultural opc
raiions even of that respectable aud Rourishinp Com
monwealth. If this additional capital can be psoftably
employed at home II must be ia tho destruction Of
most VI the existing institutions there II is pro-
oaDle, that the promoters Of the scheme look forward to
numerous aihliaons IN other States, and they will be
enabled TO endow many OF them with abundant
carry ON lucrative trade for the common benefit of the
concern tbecomes, then, subject deep sderaon
with the other States, whether they shall admit within
their jurisdiction, Offices agencies this grand esta
lsiment which may Interfere with aud greatly abrdge
The profits OF their institutions As SOVEREIGN States
they have unquestlonaby the power Of interfering the
location Of such Offices agencies in wateVer shane IL
may be intended TO establish Them and the manner If
Introduction must rest solely with the wisdom Of The Sc
vera Legislatures. Harmony ia the commercial inter-
course between the different States OF tie Union very
essential 10 the prosperity Of the WHOLE but should be
maintained upon the principle Of the most perfect
city Of interests That Pennsylvania has the right to
establish Bank of any capital she thinks proper will
not be qaestOned but when she shall derive an The BENG.
TT Oi granting such privilege that bOnns can give she
WI hway expect her sister States TO permit the
bl'siment OF branches within their limits without parl-
cpaing IN that bonus This would place them in worse
pedcament, IN Pecuuiafy aspect, than they stood in
WIN We bunk OF nc y - as authorized BY The General
Government, inasnuc The price paid for the charter
N the latter case, shared by all In regurd TO the
policy OF The measure ia relation to Pennsylvania her
self there may be difference Of sentiment The time
has been, when Che grants Of such privileges 1r round
sums Of raoaey, very fashionable in Europe and II
we believe IN tie truth Of history, shall not select
those Perod2as The most worthy OF imitation we may
upon the saHie principle justify tie sale Of indngencie
W tbe rope as II tended 70 increase the wealth Of his
Holiness dominions But we in Virginia can take ns
act as to the internal in Pennsylvania All
that &c can do, is, to prohibit any intormeddnp viii
our own affairs and 1t behooves the Legislature TO &C.,
tnat the Republic sustuns no detrment from this mon
strOus project.
THESE reflections lead me- 70 remarks on the pre-
sent condition Of Virginia in respect to her oah Banks
report has been made 10 the House Of Delegates b,
a committee Of that body, recommending an a1amenta
Ton Of The Banking capital Of The Commonwealth will,