Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-20
Esichnaond, Va, Friday, July ~



Merchants and other Citizens of Charleston held
The CITY Hail. on Friday last, in pursuance OF public no.
tce TO take into consideration the pIopely OF the esa
of an Agency Of the Bank Of the IT, States,
chartered by the State Of Pennsylvania in the City Of
The Hon. Edwd ". North. lntendant of the City,
was called 10 the Chair and 1hos D. Condy, Esq, ap
pointed Secretary
John Robinson, Esq introduced the following Pre-.
ambe and Resolutions, which the meeting, after being
addressed by Gen. Hamilton, unanimously adopted:
"Whe.eas we have regarded with great surprise and
1eyr.t The effort recently mace by some of our fellow
citizens 10 procure The establishment Of an agency Of
c.rton Bank cuiicd the Bank Of the u States, and
Gently incorporated by the Legislature Of Pennsylvania
for the purp pose of completing her works of Internal
improvements, and aiding her public charities.
Be resOteed, That it is unequirocay The opinion Of
this meeting, that a urge minority Of the citizens Of
Charleston opposed 10 me establishment q any such
agency in this State.
RrsoLred, That should consider this measure
thing more nor less, than effort to plant in the State
of South Carolina, under the seductive appeation OF an
Exchange Agency branch Of the said bank, called the
Bank Of the United States, totaHy irresponsible in us
cOrp0rae capacity 10 LarS, and enjoying in effect
the h.hest fnancal prri!egeS, ,ctout the payment Of
one Me rny eff B0nus 'h- Treasury of
State.
Rss0lred That we deem the aiicgtd reason for the
adjustment Of this agency aItogehcr erroneous and
uurouudsd to wit the equalization Of our exchanges
with the Norlh-for, although in the first instance
in tie end this agency tucked By The rast resources Of
Tie Bank Of the United SateS could PROSTATE tbs rcry
cOmpstOn and after having crippled the resources OF
our institutions, it would then, its terms,
enjoy entire monopoly Of this buSnesS-to say nothing
of lis substituting circulation for the notes Of
Banks redeenabIe alone at Phiadelp ha, whilst the
agency in Charleston would have at all times the
OF coeIcing specie payments from Banks by present
ing their notes at their respective counters.
Resorcd, That should regard the establishment Of
IL, tIy ,t
iurious consequences TO the Trade Commerce and 3gri
culture IF South CarOiina, utterly uncalled for,
our Banks incorporated by our own Legislature,
responsible own laws, and owned by peo.
pe amply competent 10 discharge the hsh and ten.
ciaL services for which They were created.
RrsOiucd, That the Chairman of this meeting 10 no.
inmate Committee Of five persons, 'ch0Sc dmy shall
be tn prepare emGrat 10 tic LEGISLATURE 10 be present
ed for general subscription TO our te How citizens, sub.
hitting TO that honorable body both The policy ard jus
tice IF suJccng The Said agency 10 prohory TAXATION,
in crse the Bank called the Bank Of the United States
incorporated by the Legislature of Pennsylvania in op
position 10 the sense OF this community, should attempt
the establishment of the said agency in this City State
Resolred, Tha, these Resolutions be published in The
different papers OF this city
The following gentlemen were appointed the Commit.
tee under the 9th Resolution: Jons RoBINsoN, NATn.
HEYwARD CHARLES EDMoNDsTos, }. L. PETlGRU,
and FREDERICK SHAFFER.
On motion of Gen. HAMILToS,
Resoir,d That The thanks OF the meeting be presented
10 the Chairman and Secretary.
EDWARD w. NORTH, Chairman.
THos. d. CoyEY, Secretary
We are happy to see the manly ground assumed by
Gen Hamilton, in arresing the entertainments and pro.
gress Of this dangerous Institution The Charleston
Mercury says that his Speech twas eloquent, manly,
and spicy wiha and most ably sustained the important
POSITION that Exchange Agency OF the Bank of the
T. States would be almost as bad, in its bIghting nhu'
ence upon The trade, and agriculture OF s
Carolina, as Branch efhe Bank itse!! Gen. Hamilton
was the soul Of the meeting, and persuaded that
the resolutions their indignant eoquence, their high
tone their bold stand and the decisive which
they recommend for the eiftctual and everlasting sup
preston Of such attempts 10 subj the trade commerce
and agriculture of this State, to the tyranny OF distant
Spectator, TO the gentleman who enllvened The
meeting with his spirited and instructive REMARKS
"what will Baltimore do:"-asked the 'Btchmond En-.
ouirel the other day We said that she would follow Bid
die like the tin canister tied TO the dog land so she
will But what will Bidde do; aye-theIe is the rub.
He must now resume Of course say most people after
rending Rilners Proclamation. But not sure
OF that Just read that epconeering affair again.
The Governor rquirsS the banks To by certa!n
day-what then: Why, if they do not answer his re.
Gurement at the opening OF the nc1t session NJ the L.
pisiature-he will do what IL recommend the pas
sage Of such laws as may more etfrctuay guard The
future from the evils of the past. -Bat Rep.
The Baltimore Patriot takes different view of the
matter. 1t contends that " the important measure Of
resumption Of specie payments by the Banks, may now
In less than thirty days from this sixteenth OF July the
measure of resumption will have taken effect through.
out the Northern, Middle and Western Stales-Proba
bly throughout the Union, with The exception Of two or
three States in the Southwest. Such the present
proximity of value between specie and bank notes that
the measure Of resumption, when 1t shall De adopted can
hardly produce any sensible effect upon the money mar
ket In Baltimore specie was selling last week before
the de6nilive action of Gov. Rner, in regard to re-
SUMPTION only at and half per cent advance upon
bank paper The exchange between Richmond and BaII.
more has several times been fully high as that since
the CONNIE Of the Jackson Van Buren, "experl-
mens" to equalse the exchanges and better the cur.
rency Since it is known that the Banks will resume
within thirty days the price Of specie must of course
be still farther reduced and its quotation, if above the
par of Bank paper, would probably even now be merely
nominal.
The Banks of Baltimore have had meeting but the
result Of the Council is not developed! They will
probably attend the Convention at PhIlade phia after
which the results will be ascertained. For our own
parts however, almost positively count on RcSumP-
lion.
ITEMS.
The Mayor Of Charleston acknowledges the receipt Of
$50 500 S7-received from the different States as the
amount Of the donations which have been made Tor the