Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-17
SAMUEL HUBBARD, Esq,
PreSideR, of tie Contention.
(From Tie Trent0a Emporiam.)
HUcJjpJt0u CUyrrsUyn1rnt


II is now known be The policy Of those devoted I"
the interests Of The u States Bank TO inflct upon the
country if possible, The and calamity OF an ire
dcr,nable paper currency. 'Thc people, exciams Mr.
Biddle "muSt be taught by snlrrings" lie hopes TO
wiring from The miserrs of the community boon which
their and feelings will not confer Every at
tempt is therefore, TO he mrde u prevent the more pa
rioc banks OF New York from rrsnming. as they have
resolved do if possible, the ensuing month Every
rumpery prr,ex that can be thought Of will be brought
fprward to Justify criminal policy. Every obstacle
that can he contrived. will be- thrown IN tn" way Of
called for 81 s'renn"usly by the interest and
what is more, the honor of the nation Was there
such spectacle exhibited before. in FREE indeed,
in any country? A mammoth corporation. with a host
Of mercenary dependents, fortified by staff al hired
and pensioned advocates in open nsurrec,ion
against the character aud prosperity Of great people
II simpoasblr think of it, without ardent Indignation
If the people of The u submit tameiy In sach
indignitysuch outrageous assault upon their int
rests and honor then they no longer worthy to be
free. To submit to such power, is the worst slavery Ia
the meanest of ,yran,s IF there be any virtue, in jus
tice, in freedom in day Of vengeance is coming
which will forever PROSTATE faction which exhibits
such deadly hostility In every thing that is patriotic and
Republican Again, ] say, let us not despair The
clouds that now lower on onr political hor;zpn will soon
dsperse, and be followed by the sunshine of racdnm
and prosperity Our country has darker days. and
will again behold brighter hours. "Bnt be unto
those through whom tribuation cnmeih!' Our
try this trying hour expects every 10 do his duty
The eyes Of the civilized world, and the hopes of free
dom throughout the universe fixed upon this
even,ful crisis More than interests invnv-
I'd in the great contest If succeed in libelang
ourselves from the tyranny which is grinding u.s.
we will have achieved second revolution II, on the
contrary we yield, the fit necks to the
woke of despo,ism the better for shall be unworthy
of freedom and it will be then useless and unwise to
pine at our fate.
READ ru,s-Tbe Journal Of Commerce., Wing pa.
per, thus gives its opinion Of the cause Of the money
trouble
ave have again 10 say. for the circumstances bind
to do So that in the fore 'front.' and leader Of the sir
redeemable" host stands The u 8 Bank Of Pennsyva.
MIA But for that institution, beyond doubt, the Con
yen,ion would have fixed day for resumption But for
her, exchange between New York and Philadelphia
would now BE- at par rather, we suppose, agnns ~
York We knew and stated not long ago. that the
PHILADELPHIA banks owed the New York banks one mil
lion and half while Mr.. Bdde owed The local banks
around him three millions We do mt know how the
matter stands now exactly hut have no doubt The
bad state Of balance is much increased The balance
against Phsdslpha is made by the enormous operations
Of Mr. Bdde in cotton either by direct purchase or by
advances for other banks or individuals. The funds
used are the notes of the old s. Bank for whom no
body is now responsible. These being poured out in
foods at the South, find their way Immediately 10 the
North and fall into the various Philadelphia banks
and are charged in account to the bank from whence
they issued Some Of This cotton business, we know,
is nov paving dneful losses Bat for the Bank Of the
u States PENNSYLVANIA could resunie to-day without
fort and would resume no doubt in company with N.
York,