Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-01

DO fairly questioned whether the second clause OF the re-
solution should not be construed as 10 repeal this pro-
hbi,ion Of the depose law and compel the receipt OF
all notes. Of any denomna,ion which any "snund bank
shall issse and make payable. and pay on demand IN
the legal currency Of the United States but, without
raising that question, that clause undoue,edy authorizes
and compes the pit of all notes of desIom
not prohibited by that section Of the deposilc act and
consequently the aird clause must repeal The first part
Of the section above quoted from the pension act c"nn'
eng the disbursements TO notes OF higher denominations
The second provision of that section csnnot stand be.
cause this third clause Of the resolution compels the Of
ferg Of bank notes, at all places aud IN pay Hent OF
oil public creditors, without regard to the limitations
there imposed and prescribed This covers and repeats
the whole seclon except the pro1so and besides the
that it falls with the secton 1t the views
entertained by the committee, befoTe expressed, be
correct this resolution will operate as 10 make bank
notes, effect "a legal tender oy as wen as To- 'he
United States So
The comsaitlee will close this report by saying that,
up to this time, Congress has seemed to suppose that
the tendency bank paper in payments from the
United States, was sufscienty strong Without etne. s
encouragement compuson; and that the safety OF the
public treasure and the necessities, as we'll as convent
epce of the public disbursements, required that the
Treasurer and his fiscal agents. shoad have the power,
al peesure convert the bank noes received IN the
-.oectons of the public revenue into coin. This has
ever been the power possessed by those ocers well
in reference 60 the Of the two Banks oil The s.,
the receipt Of which at the Treasury was compulsory,
rs to the notes Of the State banks the receipt OF which
adopted and pursued the system Of converting into coin
ga, leas, every week. all the notes Of State banks
received by it in payments OF the revenue oil the oeo
States This practice was approved and appauded in that
bank as adding the security Of the public treasure and
imposing heal,hfu and sslu,ary check upon the local
banks Will not the good results follow from pre-
cisey similar practice the part of the Treasurer OF the
u ST. and any other fiscal agents of the Treasury which
the law may appoint? Can the same act performed by
National Bank, be useful and salu,ary, and performed
by an officer of the Government, be evil and mischev
Gus. and require introduction by law? Would the public
in the shape of State bank notes. be unsafe in
the keeping of National Bank and therefore require the
weekly conversion of those notes into coin? And will
the same treasure the shape, be safe in The keep
ing of the State banks themselves or in that of public
officers 60 as to require prohibition against ts CONVEX
lion nte coin and 10 force its disbursement in paper
meat of the debts of the Government These ques
lions seem 10 the committee admit of but answer,
and tina. answer substance 49, that this part OF The
resolution ought not 10 become law.
nOLTNG CLOTHSThe subscribers have just received from
ID full and extensive assortment Of the genuine An
Choir Bolsios Cloths Van LIZ" so
May Is wv"