Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-07

A, ravenne r,yment whatever except the notes OF the
specie paving banks in the same city or place al
branch bank situated. he would no" resu ."s ,t
article of the same bank code, which would sho" 'na.
this exception in favor Of The local banks III ,e s""
place with the branch of no advantage 10 menu ou
the contrary as it merely amounted to coecl'm u,
their notes for immediate converto!ity lhto GULL LII
article is in these words: IL,
apT,cIry.v The office Of discount and dep"sle
shall at least once every week, settle with The n'ae
banks for their notes received in payment OF he
nue. or fur the engagements of individuals 10 the o1H
to prevent Che balance due 10 Inc ONCE i'"'
ing 10 an incoavenlent amounl. -, :, !,
Here (said ar. Brnlon) is the condition OF I'VE "''e
catalogue cf Stale banks, during Tie Gays OF we ~
Of The Bank Of The United States all rSclhoeu i'''
revenue payments, both land and Customs 'A.i ,"r
i'm The twenty five places where branch nn"HS v,
situated end The few thus excepted called upon i"'
the weekly redemption % their notes Inns, ~! "s
was an exclusion Of their paper, and receip' u I
specie alcnc and To them than l"'a' 'Ac'u-
s;nn fir ILc nominal reception would cease then 10
be taken OF. of tho channels OF crcula'oh' p'o's"
TO the branch TO meet the revenue payments "nu
thence sent back to their own counters lot feur'"P
lion in coin And this continued tusbe The case DOWN
10 the dav Of ,te removal Of the deposues ie these
hanks never affected be- unable to8dobnsincSs I'D lh's
long state Of total exclusion ironfatiIeFe payments
by the power Of the Bank "f the United States IL is
onv when ere halt of the Thing is done b. frrSl
dent Jackson that they pretend 10 be ruined MI g.
said il was t:nc for eepublic 10 mark the conduct oil
ba pks and to discriminate between these which main
tanned their course moDeyed institutions, ana those
which were no;mg but shaving shops and political en-
gines Many banks had acted as to prove that they
were OF the beck and nod Of politicians and subservenl
70 the mschcvcus designs of the Bank Of the United
States 1h. ready to close their doors npoE Dor
rowers at the approach of the elections, and to storm
Congress with petitions in favor of any movement Of the
Bank of the T. States. Who forget their prt"ns at
the veto session. and al tie punic SESSION. IN which they
stopped low pray TO have the Bank OF the United
States kept in existence 10 rule them and prevent
them from issuing notes than they could pay? who
forget thcr-rrusal 10 receive the public deposcs
when that refusal necessary 10 help out the Bank OF
the United States in its attempts tocDlfrass the Govern
ment and inIule the country? These things, and many
others must be remen,bered and markcd and the com
,nunly and liz: Guve nnent must learn TO discriminate
between institutions hch crnduct themselves on bus
ness principles aud those which at The service Of po
licans wcirvca political effect tn he produced, and
at the service Of Itven@eiul institution whenever 1t
suits her policy Ia have panlc in The country.
Mr. i. referred to lie general state OF the country 10
prove lis general prosperity; he referred to te high pT
oevery ihlnE to prove that money was not source
pit hu>e whose engagements compelled them to
repair the banks he referred 10 ihe rates ot exchanges
in the South and West 10 prove that the eXchangtS oi
the country good wherever They were beyond tie
reach Of the Bank Of The United Stales and he stated
The contents Of letters in lis possession from presidents
and cashiers Of banks i'll Oh'o mississippi aud Louisiana
10 slew that there was but objection To the Treasury
ORDER ard that was, HAT it bad not been issued early
enough. Tie remainder in our 1lL1t