Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-03
keen and ,lisbnrse The public money, ami 10 collect the
taxes in the paper of these banks cannot be considered


ncnr,scn, with denial Of IL" ru"-r 10 c'7ni Dan:
charter The cx c!:; which the S'a.a .i1Edg shall
b. ..Tpiy;,d by lie Government. Is liz lex :rso"
and i,c;,.; nc - :Hr S"t"04 hra,' e" r.-r tri.rs.
wl;ici, r..;rs To he OF hlr. t'vrs "ri Ma
r {; inland ;pnn the cur'eGcy. In my !:Ginir ia":.
mru IA. Crrreucy Eli OF oar Srna"T, ":'!ci va, hr
siaur 20 change The policy o the tx President, as mi
Gated IN his Treasury Circular, was Wise r"F''" ana
ourL, 4, hay. received the Presdrn'S sanction; aud
mon This subject. tie l,h secioa III hr. X amend
nent 20 the Bill nnw pending before t'Ie s'h:''. " M
posing additional duties, &c Is thlnk "ISn'y ct'"'''
dabls-nderd NIL The provisions vi ta' ah''''e'' "'
we'll calculated carry his system, whch CONSIDER
greatly preferable 10 the bill itself But am "i oplnon,
that The agency of the Repositories ought 10 oe pnely
fducarr nd should have been better pleased 10 see Tile
taen;s of our distinguished representatives, IN ti
Councils OF the Nation, enlisted in behalf OF The SPECIAL
Deposc plan II dues appear TO Inc IN he the safest
Recent experience too ceury demonstrates tat lie ce
frclive principle of Banks is tendency 10 oTerlral"
and therefore every wholesome check upon mat len
dencr ourl 10 be adopted il is very true, as las been
argued tia, when Government DRAFT Is presented al
Bank il paid in Bank notes Tor lie accommodation Of
the holder the dcposi.e would become to the amount {"
the draft part OF The Bank capital. and would then BE-
legitimate basis for increased issue OF paper but
such transactions would in general, Imagine, Dr. 30 sia
and 50 rapid that it is not probable Inc bahA "ou'd
hazard an issue upon tem especially when remembers
that il is accountable any moment Tor tie ramos IN Tie
c,rono boy in kind under the penalties ct e!nbe2z'c
mrnt The provision OF MIR. Rives amendment wien
REQUIRES the bank To credit all deposrs Us cash a oe
considered bv lis friends equivalent 10 the special "eP
sleBut suppose the cash Is not mere "heh ca'Sn "'
why i, is then nothing than SUSPENSION aud the
Government, mus, wait Till the bank is able to resume
specie paymen,-,he penalty is wanting WIN c'"9a-
MES cs with individuals It is better 10 nave no coming
Iiuu O! our own AMI other funds keep them separate
IN fact and they will be separate IN idea on NIX 'irm
and the idea OF separate interests Is lost Upon cher
pan the Of specie paying banks are mace 'pcs'
able for presume that line same control over
the selection OF banks and the depo>li"s may he
uir M i'm
The provision, Of the seventh sechn ol inc amendment
think very proper But al!el all ''aS oee" 3ohG
that Congress d. 20 guard The puoc treasure ana
10 reunaie the currency through the nsrnmenaity OF
Banks much it must be acknowledged, Remains TO De
done by the Slate authorities 10 perfect The system. IL
dcroves upon Them TO restrict me number Oh pa'NS ahI
their capital require due proportion OF specie 2nu
To hold Them 10 strict and frequent accountability 10
anne minds this may appear Tn objection 10 The system
To mine it is rather recommendation o"ns''s ca"
acquire sufficient pnwer over Banks 'nEous" '"e' NJ
terrs-hl0re it ought not 10 nave AN" tne '"U'rS' ~
the States in these institutions in an additional snafan
f. of their sa!rly have satisfied you expect
that nil have said and all | can say on ms subject,
will prove no more, than that know very l,,',e """' H.
After The present session OF Congress sna nave Pis'
ed the difference of opinion which nov dvies our par
[; in twain will be regarded as ir'hin9 impeachment
thrown into Il stream-llr two portions VIII meet asah
and flow in smooth current, y!tid'ng hrle uto
supyor, to The administration OF hartin an Hufr"-
The imppran, issue now be made up IS not between
members of the same family, but bc,"ren line iirpno-
can and Wing parties; and the National BANK must DC
the battle trld
Iu conclusion, permit me to Sd? 10 yon ana NOSE
friends Of whose wishes you the organ, that no dii.
ference Of opinion between shall abae the g'a'!iude
feel for their unmcri;ed Partially.
Very truly, your friend. &c,
C. II. HARRISON.
~ B.-As have had application from another
quartz: Of the county, it would perhaps be proper 10
have the above published in the Jeersonan' ~ ofaer
lha, my views may be generally understood IN time Tor
my friends 10 turn their attention to some one else before
March Couf if those views not suitable 10 them
This would be the most agreeable course TO Me-bot
submit TO your Judgment.