Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-12

mse' BY oil means The dooriss,ill open-Mr Wrght's
Report Of Friday valves the present all action the
small note provisions of the act Of 1896, and waits for
the movement OF the Fl of r. on the Sub Treasury bill.
The act of SO, must be amended because it lops of The
best Banks and the best notes from The Of the Govern
mentas most of the Banks in the s. have issued less
than s. no,es-Why nothen amend this ACT: by only
suspending for limited time the clause which rea,es 10
the Banks which have issued small notes. but also
to the of these Banks public depos,aIes. Mr.
Wghts Report Itself lays down The principles which
it might be effected. at once TO The following
passage:
"They cannot recommend any legislation, the efiectof
which will be 10 unite the public Treasury and the
banks, by return Of the public 10 The uses Of
6anking; to stimulate and compel the banks discount
upon the pubic money by exacting from them interest
for It's USE TO promote expansion in the paper issues
of the banks, exactly proporoned to the fertility OF the
public revenues, and correspondent embarrassment OF
The public Treasury, when sterly Of revenue snail
call for the public money which has passed into the
hands Of the Of the banks Such, they be.
eve have been the effects of the system Of deposIies,
the revival OF which the resolution TO contemplate
That system compelled The dcpos,e Of all the public mo-
ney IN banks; it placed il in those institutions upon &C.
neral dcposiie and thus made it, in fact and in law The
money of the banks, and not the money Of the people
not only held out all nduccment TO the banks 10 use
The money for the purposes Of discount and banking, bull
IN this way, gave them The right 10 it,, DC, &c
We agree 10 thistle would compromise on this
might we'll be carried out in other respects so as to re-
ceive Bank notes-throwing it upon the Special Depo'
site Banks TO take such notes they will credit as CASH.
&c, DC.
This is the ground, too, which we understand, Col.
Banks assumes, Correspondent in the last Warren
ton Jeifersonun sales: And, Sir. it has been uni.
formy and distinctly avowed by Col Banks on oil pro-
per occasions, that while he was willing and thought
1t right, under existing circumstances that the Federal
Government should receive its dues in the notes spe
Gle paying banks convertible at short periods into sPe
ce leaving it 10 the option of the creditor TO take notes
specie, if the banks solvent notes would gene
rally be preferred. But in no event should the banks
have the Government funds basis Of discount, nor
should the revenue Ct the Government be mingled with
the funds Of the banking corporations Ease Oh The
Banks also by giving lime for calling in The balances
in spece-by allowing them to pny in available funds,
which may be called for in the disbursements OF the
Government and TO be paid, within the next 6O or w
days, &c, &C. and we do not see, why the whole ma
chinery cannot ultimately work smoothly and satsiac
torly)
"Earec Comedy and Junrs united
at the time against one poor arson arc fearful Odds
Such are the humorous terms in which Horne Iooke
describes his opponents-and if may compare small
things with great, such The position which We have &C
cupcd for The last few days Farce, Comedy and
tragedy, and meiodrama. The Richmond Wing, The
National In,elIigencer Washington Chronicle, and
Petersburg Capitalization, &C., &c, nc, are all
upon poor Editor. II is indeed fearful odds
but stand their fire with all possible equanIm
ty. We ask no fayors Of any Of them. We scarcely
look at the first and last papers We do not exchange
with the third-We amuse ourselves occasionally with
the N nelIigencer, and the minor lights which bnsk in
lis superior efiugence. But 60 on, Srs- Hhigs and
al-abnse US as much as you please. We expect no
lavors from the Wing presses-We shall not soop to
ask any justice answer attacks from such ancient
allies If it be their game TO proong and extend the
discussions Of The Republican party. be the profit,
and The glory theirs HG till erHm Grtss The Bal.
tmore Chronicle, &c, makes charge, which re-
quircs brief reply-We quoted letter the other day
from Washington, in which Correspondent says: "li
this be true the bill will pass for, if al this time only
vote is necessary, the simple rules of Arithmetic will
enable US TO ascertain how long it will be before
convert can be made in favor OF Govern 1!en pa
ronage. The Chronicle, &c &c. is pleased 10 give
it this turn that the writer meant tn charge bribery on
The Administration; and that we participate OF the charge
by making it pubc.-Such certainly is not the sense in
which took our Correspondent. His ausicn was 10
the effect, not the cause-We understood him 10
not that the Government patronage was to make
the convert, but that when made convert 10y
The various considerations which might operate upon
him party man, such as the going with his
friends; with the Administration to which he was
attached &c, &c, that then he would become a con.
vert TO system which calculated TO operate,
as our Correspondent thought and as we think,
Sin favor Of Government patronage Talk of brl-
berry Why, who is TO administer ii? We, for one,
al once that we know in the Administration who
is capable of such act Anxious they may he 10 carry
the bill-but by such means the d. ChronI.
Gle hints is entirely of the question The very cup
position is ridiculous But, if any could s,oop TO
think Of corruption, what member OF Congress would
dare TO sacrifice his opinion for Office: What openly
change his opinion and then take his reward for whn
would be absurd do it? To risk his character upon
such venture? We are satisfied, that our Correspon
den, could never have en!crlaned SO absurd suppos