Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-10
t. -NichaiGs RiGgIe'S Letitr.


-. We invite discussion upon 1t. LISA pro-
t.,,lhr Of her E,osi serious consideration.
NJ. Nicholas Bidate's Letter.
I L,5 written all our Editorials for this paper wien
w.. cf MIR. Biddle Of the 9Th inst, addressed "To
, John Quincy Adams" and published IN the
..,b., Maternal Gazette: was put into our hands
p read II, no, only without convic,oa, but with
on and disgus;.-Mr. Bidd!e attempts 10 smooth
refusal to cooperate with the n. l. Banks IN
.t,,ptlon of specie payments But he does not even
INV reasons for not meeting the Banks IN Con
p. and for TO, adopting some rule or some period
w., f,t facilitating The rcsumption.-The Letter
-, issue OF sophstry. I'll puts on many airs, ana
1 ,,h grea, confidence for his own Institution
,=,cts crea, tenderness, and no little commlse'
T., Z. The situation of other Banks. =,
5y last, MIR. Bdd!e pretended that ne could easily
one on with specie payments but tor his sympathy
f.: other Baaks-in III. same vein OF sincerity, he
I.ays:
eur principles therefore Inclined Us to an early re-
.,iop: our preparations would justify .t-and II we
Il =, all influenced by the poor ambition o: doing what
IS cannot do readily, or the still poorer desire OF
ar BY the disasters OF others, the occasion wouic
[,c.y te tempting.
So t,ntd-ornde IS ridiculous almost TO contempt
uInle Document indeed, is a miserable piece OF
..,,,ion-He contends, that " To resume now with.
/, .,ne clear understanding with The Government,
- 20 be throwing away the benefits OF experience,
4 ne lessons OF misfortune tle COnSuuS tHat tie
t.I or Nav is every unit time" TO resume, and Jet
|, ell 10, 90 into the Convention to fix upon better
a. q, ,ss The Banks of New York, for the stern law
80. 'b.,ds them 10 resume in May.
~, Sooly points ont the following as the course,
s..5 the Banks should pursue:
The Ranks should remain exactly as they are-pre-
.r, "a resume b., not yet resuming.
r5sr should begin. the Bank Of England did, un-
similar circumstances, by paying the small notes.
- r.ore coin 10 all the minor channels Of circulation
~, no. make any general resumption until they asccr
-, chat course the Government will pursue, employ
=. n the meantime their whole power to forward The
'r. 70 market The American Banks should Go in
what the American Army did at New Orleans, stand
~ b9d their cotton bales until the enemy has left the
,gga;'y -,
raj, 70 say, the Banks may 90 on preparing until
,s-,y uRtil we presume, the Bank shall! conquer
,,,e,-and hold on, the idea Of waiting until they
~ ,scsr,,in the course Of the Government We trust
IS, NJ, Marcy will contrve to diminish his apprehen-
=, q, the banks Of New Ycrk-and Mr. Hamer, bis
a., :-ru! the action of Congress.
n word we have nothing TO expect from this auda-
us Institution It's desi gns snster-,s pretences
GLOW The time was when MIR. Biddle mi gh have
SEQ for narcer Of transcsndant abiiities-but from
. moment when he said to Mr.. Adams in former let
}. ina! there was no overdeaiiDg IN the count.y-nnd
"a when he also SAID that lake of The Specie Circular
ID he would in few days give peace to the country,
> charm vanished: the vision fell Of: and MIR B:cdie
sod forth before the world, greater magician,
, ,bier fnancer than hundreds OF others