Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-21

He MIR c. has recently proved that he is not SO"
10 fix The charge of Inconsistency upon MS "PP'ns
when it is in bis power t" DO so-a"u n"''ns 49, ~
cognizan, OF Mr. Rivess whole course upon tne cu',
question his evidence therefore entitled 10 great
weight =,
Thus much in Justice 10 Mr.. Rives- .,y
Mr. BlpDIE's FALSE CHARGE THAT rliE Go'E*SMkn :,
WISHES TO DESTROY TIE BANKs-hr DiGnIe P'e'e'"'
the Administration seeks the destruction oi le pnN
and mis- his refusal to on that ground. Nhit
are the facts: Take his own institution hrst Inc C"''
ted States owned one fifth part of lis whole cap'ai
When the new charter was granted 10y rennSyiVan,ta'
tho managers of the Bank, without notifying nr consult
inn with any public officer. uncerenoniousIy transfer
red the whole property of The United States TO the new
cnrpora,ion Instead of taking such measures us s"'
an outrage upon right and property %"ua
call for the Government agreed to wait one, '"o' iee
and four years, for the repayment oil Inc money "'c"
had been sophisticated by this new corporation Is 'hefe
anv proof of hostility in this lenent course!
In Nav last. the deposite banks held between twenty
and thirty millions Of public money. They suspended
navment with this money in hand, which they refused
10 nav in specie, in discharge of the public faith, and IN
violation OF their solemn engagements. pursuant 10
Mr. Websters suggestion, they actually attempted 70
.suur Up THE Treasury" and to stop the wheels OF
the Government Was any hostile measure towards
them adopted by the Government: Entirely the con-
trary Under the recommendation OF The Executive
nearly two years ven them to discharge hef ueo'S
to the U. S. $50 ~,
n, yL,, grounds then does the assertion Of Mr. Bid
die bat the Government hostile TO the banks, resE-
Is il because separation between the iunhS raseu o
the people by taxation for the public service, ana he pr
vaie speculanns OF individuals, has been recommends
ed, hIr Bidde admits that the alternate pentIfuness
and depreciation. and scarcity and hgh value, oi mo
ney, is the great OF commercial embarrassment
Shall the public service be again sacrificed 10 these
fluctuations, BY placing the power OF shutting up
the Trcasury in the hands of irresponsible indivldu
als' We challenge Mr. Bldde, and all The newspapers
owned as well orators employed, by hin to produce
any other evidence Of hostility the part Vt the Govern
meu towards the banking institutions Of The country IL
is probable that several members Of The Administration,
in common with most of the intelligent OF the com
muny, entertain opinions that IT would gfs"ty promote
the security both IF the public interests and ot individual
enterprise should the power of wanonly expanding and
contracting the currency 10 which MIR bdde attributes
most Of the present evils and which nave mainly ARISEN
from the exercise of this tremendous power hy himself
be in way guarded by proper responsibility Inc
first and practical step will be 10 place the public
revenues in that position So far from being measure
of hostility to the banks, ii is, upon Mt B!dte own
showing that cannot fail greatly I" promote Their
usefulness and stability. Bu. this NJ has no desire 10 Ct
feet since the present condition q" things enables hm 10
incle specualiUns aud raise pancs at his pleasure, n
ill., as the only of escape, the people shall be will
ing submit TO the control al U. s Bank, and the
Government be changed from Republic, whose rulers
chosen by the people, and responsible to them to an
oIgarchy Of bank directors SELL chosen and sell reSpon-
slble. GLcte.
TwEyTy.FIyE YEARS OF BANK SusPESsi0s.--Nr.
Bddle his appeal the fears and ev"rce Of the non
esum!ng banks, of which lie constitutes himself the
hero and the guardian four times, in that appeal
TO the condition of the Bank OF England which sus
pended specie payment for twenty-five years, and evI.
IDENTIFY refers II It with complaceGcy and satisfaction
which is intended TO reconcile the people D! the u )
to similar suspension here. His twenty-five years Is
(ou! times repeated and he had as veil as have SAID
twenty wears lille lie about it; for The suspen
sion hogan with the beginning Of the year 1877 and only
ended in ls23 Twenty seven years OF suspension IS the
model then which he holds to the people OF the u 8;
and upon that model and the argument cGnained IN his
last letter TO the gentleman who told him last Spring thai
his conduct that Of counerfcter, resumption
cnud take place; for in two after 1873. The
greatest CONFUSION took place in the English banking
system that had ever been known, IL was therefore,
no, safe to resume England after twenty seven years
of and long il is unsafe to resume no
resumption could take place This is the chHria
tanis OF Mr. ddiP az il every body dad not know that
the longer pay day put OF! by league OF banks the
more certain il is that many Of them will mSIianng
ard go rain But. it is sufficient TO point out the
twenty five years OF suspension on which Nj. Bddle
has fixed his heart lie openly a, the head OF The
u,n r,sunInr banks, The great regulator Is now the
patron the leader the chief the king the gcneralssiTno
the AG.MrnxoS Of the coniederacy OF local banks which
cannot pay,-D.
Support 70 TIRE REsuMIHG BASEs--We are glad TO
perceive from the Albany Argus that the Executive
and Legislature of New York prepared I" give ETH
Gent aid 10 the resumrg banks. By the letter Of the
Secretary Of the Treasury the public is also assured
,, erpry legitimate means that can be excr;cd Cor tic
same purpose in tie regular action Of the General Go
ycrnuent without aba monument Of any at the prn
ciples TO which il pledged will be- aidri. So
far from feeling the hostility falsely ascrhed to By the
Opposition or being inclined 10 take advantage Of The
difficulties of i!e present crisis embarras the banks
is not only Inclined but resolved to favor far
properly can the laudahe effort Of such banks are
endeavong 10 restore the currency 10 wholesome state
The object Of Mr. Hamers resolution, we were
thora By the mover al the time 10 drcafe.
~ to give assurance of the real disposition Of those
whom the manag cement of the finances is committed
and 10 make manifest TINT obstruction 10 the bust
ness of the banks need pe Appreciated from the friends
of the Administration. The letter of the Secretary Of
the Treasury and other indications Of support the
banks from other quarters have doubtless in the opinion
OF Nh Hamer rendered any further action his resn-
luton unnecessary; therefore, he has not since called il
UP lie and they had proof in the amendments tender
ed informally by the friends Of the Bank of the United
States that If brought forward it would be used
" rs 4 to graft panic movements and speeches on;
aud that the result OF this would br to excite agitation
which would, the threshold. relard and probably in
the end defeat the present we'll efforts Of of
the banks This is obvious by the object Of the Oppn
sition who eager get up this resolution. Mr.
Hamer not having renewed his propositinn. Mr.. Wise,
doubtless for the purposes of mischief made inetec.
tual effort to have it called up-Saturdays Globe
(fron, tie .Nt,o York Ep Post.)
G. No sos. No. sos G.
Dollars 1000 2o0O Dollars.
Twelve months after date promise TO pay to <. "A.
Carmack or order. two thousand dollarstwo housa nd
dollars value tceived For the President Directors &
Co. of the Bank Of the United States.
PHILADELPHIA, April l, 1887
n. BlDLLE, President
S. JArDoS, Cashier.