Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-21
I From the Nee York Ga:.ite

f4 ;ctrb,cd to the kindness of q friend-a men,
~ tho recent Bank Conven'ion-tor copy OF Inc
", correspondence, which was before mat oouy
'S VS. s,rCs One Of MIR, Woodbury. letters, we
i"-,,6 abolished and is now omitted. So tar as
4rs i,,aralons may be depended on, the banks have
H., fear from the Treasury Department. That De-
" to, is strongly pledged at any rate, and we hope
81 ,fd;e will be redeemed in good faith =, 200.
<A@?"7 BaSk OF AMERICA, April, 1888.
81 49, Si--So much is said in the public press, and
81 co-,rd elsewhere Of the hostile disposition OF the
amen, towards the Banks; and Of the measures 10
Sn,la,ion hy the Treasury Department, calculated,
j 10 iuure and embarrass the banks, and to relaro
-, ,reyen, the resumption OF specie payments that
n ,,juced TO address you on this SUBJECT Not' nov"
p b,, any thing necessary to satisfy me that lhose
Il mans and assumptions are wholly unounded oul
Sou NAV if you shall deem it expedient and proper,
10 correct the Misrepresentation, ana re-
n ,. the fears and app.ehensons that they may nave
m The community and especially IN The MINDS OF
a. bonest and honorable men. 1t is loudly and con-
.r asserted and widely and industriously circulated,
I he measures that will be pursued by the Treasury
the collection and disbursement OF the public money
render difficult for the banks to resume and main
s,n spece payments. Fears and aPprehensons are
aus excited confidence impaired and the best efforts OF
ne banks are degree psrayzed. Designing men
al Of this state of things 10 promote and erect ther
scIa purposes and industry and talent are not want
"a 10 make their efforts essentially mschI-vous FER
-, me- therefore 10 ask whether there is no way by
Itch the mischief may be abated and successfully
nn,sracled Of this you will best Judge and deter
,s Yourself My present ohjec. is more Immediately
J.; sr.rence 10 the approaching convention OF bank De.
,ss TO be held in this city the 18th inst, and be-
~ ,6ed that efforts will there be made TO impress the
hsc tina, the fears and appehenslons alluded TO are
M,unded, and that it would therefore be unsafe and
s,,stient for the banks TO FIX day for the resunp.
49,. NJ specie payments, consider ii to be Of the Ut.
os, inheritance that such efforts should be effectuay
M, and that all unfounded suspicious and suggestions
,.,nd he removed or successfully confronted beg,
therefore respectfully TO suggest for your consideration
whether YOU will not be pleased to enable me, and au-
tborjze me communicate to the Convention it 1t shall
be necessary your views and wishes the subject Of
the resumption Of specie payments, and the course or
n, pr babe course of the Treasury in reference 10 the
b.nSs after they shall have resumed.
important crisis for this city and this Stale
indeed for the whole Union-and being anxious to do
every ,hrg in my power to promote and accomplish the
,,,hresult-a general resumption of specie payments
am sure that will for these suggestions
be your conclusions respecting them what they may
am, with great respect, dear Sir, your obt. servt
lSsned) GEORGE NEW BOLD.
Hon LEVI WOODBURY.,
Sec. oil the Treasury U. S., Washington.
TREASURY DEPARTMENT, !
9th April. 1855
SRI have 10 acknowledge the receipt Of your letter
OF the eth inst In order that you may fully understand
The views and wishes entertained by this Department
the subject Of resumption OF specie payments by the
banks and the course 10 De pursued Oy Tue iEedsuy TO-
wards them herewith enclose copies OF two private let
,s,s written some weeks since in answer to enquiries
similar 10 yours.
Il IS only necessary to add. that the same views
m cherished and that the notes Of specie banks
Of par when offered received for duties and will
undoubtedly continue to be- They and will be paid
uu, when acceptable TO public creditors and accumu
laicn Of them beyond current expenditures is anti
cps!ed at point whatever during the present
suing year. | am, Sir, very respectfully,
Your obi ser't.
tSgned) LEVI WOODBURY..
GEORGE NEwBoLp. Esq,
President Of the Bank Of America
WAshISGToS. 18th March, 1888
De.. Stir reply TO yours OF The 1ilh inst. hasten
TO remark that the Treasury Department has long been
anxious Yourself and many Others for the resumption
ofsPecc pa inents by the banks. All has BEEN and
to promote the earliest day possible SO desirable
event.
do no; hesitate to say fully and frankly that the i'm
preston altogether erroneous that specie to be pur.
chased and boarded by the Government. Only few
Notes. and is intended be hereafter except to the
extent needed to supply the current demands on the Go
rernnent Whatever may be thus obtained or received
again deay the appropriations and the settled policy
o. the department has been and will be 10 keep nothing
idle in the Treasury while the power exists TO issue rea
ury Notes 10 meet contingencies and deficiencies as they
may hereafter occur. Respectfully yours.
(Signed) LEVI WOODBURY..
Matthias APPLEros, Esq Boston, Mass.