Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-03-01


We lay the following clear and interesting Views
the Bill, now pending the II. of Delegates, before
readers They Tords in Season. We recommend
them To the serious consideration nf the Legislature
The resuscItation of the Bank OF the H. States with -
millions capital, by Pennsyvana-Thr Citizens Bank
OF IL millions, by the Legislature of Luisana-lhe pro-
jet of ten million in MassAchusetts7 millions n,"rr,
and perhaps many millions more III y. York, besides
mar indications in other States cncmaled to s,ar,l
orr fears, and awake our reflections. Shat we fall into
the courses: pnsS ias nauuloh hill of $h0 900
aud double the Banking cap't at Virginia dash
Are we running tr sai,r gIddy round did ia e IA
telyal hrlwren the dcat Ut the first Ndonl Bank and The
birth III the second: Are We not retIaciu SIPS and
by the duplication OF Banks TIN,
Bank n"tcs, and tie confusion "f the monetary system
preparing the way Tor attempt to charter third
National Bank? Let nj least take lesson from po
lIical enemy. Mr. Calhoun us, in a bpasiinI
reu OF the rcvuSon producing by this mlSchiev
multiplication of State Institutions The following
is part of his speech, the l7th February, MIR.
Benton = resolutions
There was storm brewing, and he advised them to
be prepared Tor It, The spos party, without principle
and without policy held together by nothing but the
hopes OF plumber contained within themselves the ele-
Dents of strife. Yes there storm ahead and he
advised them to look That unfortunate measure Of
the administration against the Bank ct the u States
was now producing its consequences. They already
the erls Of nordina,c increase OF the Banking
system. and the competition in the States Tor Its extern
SION, producing state Of things that must end in
violent fcruiSiOn lllS revenue, too-WNlIe u
remained in the Depos,c Banks they SAFE but let
it be Withdrawn, and there Will &c shock that viii be
felt throughout the country.
Shall we make Mr. Calhoun q Prophet Shall we
contribute the storm, that he says truly is brewng:-
Al all events 'f Rome tnuSt fall, let US prove that
1--WE, Firg nians, are innocent.
The author OF az. speaks 10 us like Of sense
who understands what he Is ahout-Why rush to
iremeS this subject, In ISIS, 1t was fortune to
resist the batch OF % Banks. winch supported by
Of the abeSt men in the Commonwealth. In 1915,
We went against the Litter of Is Banks. From that
moment this have Uccason to regret
the course pursued. Far from it-eSperIence has an
" confirmed laxims that were then advanced against
the Bank ltras. And may have another upporn-
nifty OF expressing the same feelings which dictated the
following article. III the year lSlG:
The question has been put; and the Legislature has
set its face against the Mammoth Bill that was before It.
The fifteen neic Banks not to receive charters.
Many acts have taken place during this session Of
the Legislature, which calls forth thanks. They have
created Fund Tor Internal Improvement; and we thank
them for it, They have taken up the subject at rivers
and ruads viii! enthusiasm which does them honor.
They have passed more Turnpike laws than at any
within our remembrance They will do much for
the opening Of the James, the Roanoke and the Kappa
hannrck They have Set their seal against The
u!ugcal Cnart"rAnd now, they nave voted out an al.
tempt earnest and able attempt ~ usher fifteen new
Banks into existence!
~ hc most of her sister States seized with the
Bank mania, Virginia stands her ground While char
rising ui all sides of US, this very CIT
cumslancr incte but restrain Instead OF
catching The malady, and avoid 1t the more.
If ever there moment to pause IN the inuitiP!l-
cation " banks wait for better times, 10 aid the old
banks in returning to gold and silver and /" prevent
from bursting INTO light, that moment has come
We have already too much piper; what We want Is, the
precious metals. Is this the Time 10 throw more paper
OUT and to distribute the fragment OF precious metals,
Which il in the country, among more banks more col-
pe,tnrS-rhr country already aboriny under paper
Plethora aud Yet asked to increase tive are
Staggering under load OF. paper and it is sought to
eve it by putting on 'noreOssa upon Pe!Ion, and Pc
hon upon Ossa.'