Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-17

While il is thus chcefuy announced TIA. the ans
of the Banks ample AID that their conduct has BEEN
throughon, the late trying crisis generally such u
sustain CIR already high character Tor puactGa!ty no.
pes,y md solyeucy I,ainain and incrtGs. our
trade keep up the valne Of property aud prevent the
STATE from becoming TIE theatre oil panic or distress yet
sko feel bound in duty TO The public 10 lake a.! tie
means in my power to compel return I" that astnCy
and responsibility their creditors for winch they were
created IT. however, return be promptly and faithful
y made I" tina! line Of duty TO the laws and to the pub.
lie from which they have been compelled 10 depart, IAe
ol The last will only he recorded IN
history another INSTANCE Of the perfect adaptation If
republican Institutions 10 the demands Of every c5isg
aud viii show that common and everything necessity
being bowed to by general consent becomes The limo
the law Of tic land.
But to Justify such rule Of necessity and to prevent
future evil from lis unnecessary or unius,
continuance is ndspensably requisite that the Instant
the pressure Ut circumstances which produced Il ceases
the empire OF the express and ordinary law of the aad
should be restored Accordingly if on the other haad
return Ia general and real redemption ia specie, and
Withdrawal of all Illegal paper money, from circulation
do not take place. when oil admit that II mag. with
safety and public benefit, shall hold it my duty forth.
with. take all the TO compel IT, which the
Constitute and laws have placed in my power and at
the openir of The next session Of the Legislative,
recommend the passage of such laws may eli.
lrc,nally guard the future from the evils Of the past
And further, for the purposes and by virtue oil the
ioinmrnt aforesaid do also hereby require all persons
or bodies corporate who may have violated The laws Of
any denomination under that Of five dollars Commonly
called shn p,asers, to take instant measures for lie
full and honest redemption OF the same IN gold and 81.
v.r coin snch "her ample equivalent shall be 60.
lstc:Orv the holders thereof under pain Of the be.
nlities provided in such cases, which penalties If tins
notice be complied with i'll reasonable time il wl!
be the dnty Of all good citizens 10 enforce.
Should this re- GGirenent be fully and promptly co,pird
with the Commonwealth will be restored 10 thai sound
currency which she before the suaperSinn VIZ
One composed OF gold and silver for al! under and
of notes instantly convertible into specie ior all sumo Of
and over FIVE dollars The result Of TIE attempt 10 i'm.
prove the currency will then obviously be, that the only
psuer issues in circulation and not convertible into spr.
Gle the place whence issued, will be those Of the Ma.
lUnal Government.
In communicating thus publicly with my feNow.citi.
Gems on tins most impOrtau. and interesting mater.
would respectfully and earnestly say ALL he firm and
COO! in the emergency. Trust IN the laws haze cnuG.
Gence in the Institutions, and sustain the high credit
and character Of your glorious Common mealh. iuu
have borne Yourselves through The crisis noay and TO.
norably you have almost ur!njured out OF the trial
Make one more calm and steady effort and a! wI.! he
we'll The nrbearance and determination heretofore
Gb,ed have been such reflect credit upon tie Sar
while il has rnghened the hands and che"Icd tie
hearts of yoar public agents in the performance Of tu.
ties Of ordinary difficulty
Contrasting. rs is naturally done the feelings and
hores connected with this attempt to Td the resumption
with those which animated me when ! addressed NV
fiow citizens the subject Of the suspension OF sprca
payments cannot but rejoice at The difference. We
were then entering upon new ana uulrieG course Of
action, whose happy termination was only 4 matter Of
hone We are now the conclusion OF our dOsbls aud
fears nd with the blessing OF Providence lii.
ton of our moderation and industry, about 10 re.
tnrn to our usual confidence aLd prosperity.
Given under my hand and the great seal o! The State
at larsburgh, this tenth day OF July, IN the year Of
our Lord thousand eight hundred and ihrlyelgh
and of the Commonwealth the sky third
By Lkc Ggctrnor: THO ii BURROWES,
Secretary Of The Commonwealth
&c of he m
oyal Bank papers in Piade phia not only fall into tie
ranks. but They commend the Proclamation The IA.
tonal Gazette praises II the act of enc who Is "Ihe
hearty ind advocate and supporter o! sound
currency ard stable banking system" "rhc procISni.
tnn is clearly. and neryousy written; il Acknowledges
the force necessity in causing the banks To suspend
specie PAYMENTS but insists on the fact that The time
near at hand when arguments derived from such
silly need no longer be- advanced In this opinion the
writer is warmly sustained by our citizens. The banks
of section and do not doubt o; other parts
OF the State, too) perfectly well pleased with the
Proclamation, its temper and doctrine ." The Phra-
drphia Inquirer considers :" 1t as SETTLING TIE
QUESTION niM regard 10 Il TcsUGlptioH Of spsc'e
pgVmcnis and hence II IL warmly commended and ap.
proved by ali who in favor Of such resumption
embracing have reason to believe nineteenlwen
trihs OF the community. -Even the hesl.aiIrg U. s.
Gazette prepared to dismiss its scrup!cs 10 the
Withstand halls il las able and patriotic producon
and that will he received with joy by our Ci!!zens
generality
We consider the question: therefore as settled. TIE
Proclamation is exponent Of Resumption. 1t wi!
take place in Philadelphia in few days. aud IT will gra
iually spread TO the South and the West The WI.
h.ton Wutchman declared. even before the Procil-
hi''",' nat - the banks Of this city (Wi!mngton) ae
preparing l. resnme specie payments the 1t Of "A.
gust we .rus, they will show themselves TAR nGe-
Prhdcht OF M bdsJe and the Philadelphia banks 10
into the measure that time whether the .Recu.
lalUT and his mniOns IN t.isd,lpbia do so or not
Inc Baltimore papers nave Just aubishcd Exhibit Of
tie banks OF that city, which le TO remove every fear
about their resumption.
We understand, that the Banks inpicbmond mean, 10
dccae the invitation, which has been Addressed TO them
To attend the Sub Convention IN Phila,a pha on tie
23d inst. They will probably notify Thea bv letter Of
their anxiety 10 resume, and their willingness ,o i.n
in any which may facilitate the resu,p,lcn at
The earliest possible day.
The resumption, then. will now take place-h,, -,
thanks TO Mr. Bdde! The whole course Of his lns.,n
ton since the SUSPENSION has been equvocang dsgua
ing 10 moral people; and calculated to shake credit.
and diminish the confidence which many had reposCd
in it, When he suspended, he pretended That he could
keep up his payments aIrho his specie nearly cz.
hnusted lie pretended, that he only suspended in
pmemt toihe other banks and hathe would the frsto
But what has been the conduct Of this spurious
Regulator His organs threw cold water upon the Cen
vention of New York-When it reassembIed he refused
10 attend it-and in Of the most iasiduus letters,
which published he attempted to prevent tie
other banks from fixing any day for resumption. New
York resnmed-and he retused-He, who was 10 b;re
been the first TO resume At the eleventh hour he
fused 10 operate with ten banks in his city in
mems for resump,ion-And this great monarch Of the
banking world left with Only four banks scarce.
ly cnrporal's guard to rally around him. Al length,
he is driven by the rising torrent OF public Inc'Ena
ton, and by some even among his own pn'Ird
friends, abandon all his dsgnisp5 and evasions,
and To come at last TO uthe rack-And this is tie
would be great Regulator Of sound currency-lhisH
the Institution which TO make the other banks d.
charge their duties-This is the Bank, which the Wings
have pressed upon US, in the face of the Constitution,
and I'M defiance of all the danger which its enormous
power would create Let lhose who still mad enough
TO cry out for great National Bank, contemplate "'
spectacle; trace its annals for The last ID months aa
blush to praise it for its Wanted merits OF al ne