Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-10

have it not then their returns deceptive-the peri
odca exhibitions of specie nothing but sho0 po~ey;
and the the people find out their hoowncss and
emptiness, the better for the whole community.
But, Continued Mr. b. let the amount Of specie be
what it may the banks the fact is that there about
seveny-fve millions in the country, and goodly part
of that is in the hands of the community. In October
1888, when the deposites removed, the whole
amount of specie in the banks returned at about
twenty-five millions, and thai in line hands OF the
mYpity was computed at only four millions. The
munity is computed to have twenty eight millions,
and the annual increase thus reported by Secretary
of the Treasury
October, 1888, S4,OO00OO
LIST January, 1884, l2.000000
1st January, 1895, lo,OUOOOO
LIST January, 1886, 23,0O0OG0
LIST December, 1886, e, 0U0uU0
Here then is a sum in the hands of the community,
sufficient 10 supply the public land demand, account
of actual settlers, Jour c"e: The rapidly with
which gold and silver has increased since the
encement of the operations To restore the constitution
al currency, should Danish all doubt the practcabty
of doing it. See what has been dccs ia fur years
against the powerful opposition, the systematic resist
snce, and The scongs and eerings of great political
and moneyed party. Four years may be equally
successful if these resolutions be defeated and i'll
stead of seventy five millions, hundred and twenty
millions, and nearly forty millions of it gold, may be
in the country. But nobody expects this amour. 10
into the country, what is in it remain
unless the Federal Government continue its onward
course in the reformation OF the currency II it reap
seS into paper money currency, lhe whole community
must relapse into also; and the result must be, wha, il
has been heretofore, universal punishment Of the pec
metals the eventual stoppage of all the State banks
and call for the reesabshment Of the Bank of the
United States the only safe regulator of the Stale
currencies.
The increase of banks and paper money, and the ne
cessy OF restraining the ssdes of these corporations
alleged in the Presidents message next adveIted TO
BY Mr. B. He referred ITO the report Of the Secretary
Of the Treasury, which showed these results:
Dates Paper in active circulation.
Near LIST Ootooee, 1883 SS0U00,0C0
1st Januafy, 1884, 76000,0O0
LIST January, 1895, Sspes,e9O
Est January, 1886, 10S,O00O0O
list December, 1886, l2O,0O0O0n
Here is increase of about forty millions Of paper
money in two years. But it is not the whole increase in
that time The compatation is principally nude from
the returns Of the old banks; while l06 ones with
capitals of 60 millions, had beea created; and twelve
millions and three quarters of increased capital to the
old bank. had been granted during the past winter
that so millions of increase Of paper probably the
amount when the Treasury order issued, and the in
crease going on with deporable rapidly. The nation
al domain the object that attracting it. The
temptation was irresistible quire Of paper specified
over with 6gures would lransnluc into 100000 aciss