Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-15

banks 10 resume such payments IA soon us the banks in
Philadelphia and Baltimore shall doso.
The resolution general in its terms, but we nnder.
stand that the Patriotic Bank did not concur in the
resolution, in the adoption of the proposed by
IT'D
SMALL CHASoE.-The general determination is, that
there shall be no shinpasters-n determination "wIthou
distinction OF party md the suggestion is made that TO
keep small change in its legitimate channels and TO
prevent speculation and exporaton the Banks should
send sufficient quantity of,ivcr TO the mint be coin
ed into five and ten cen, .'fces-our own CON- which
is no, likely 10 b. drained of like tie Spanish 'bits.
These pieces when paid oo Tor change, would continue
TO circulate under any circumstances, ard prevent the
slightest pree5t FOR nicFlnG He shnplasler
again upon US -Pcnnsy Uranium
LETTER FROM COY. PORTER.
An extra fioia The Keystone contains The following
letter from the Governor Of The State TO the Attorney
General In compliance with u, that otcer has issued
circular aGtrt ssrd 10 oil the Deputy hornies in the
State. nsructing them I, institute proceedings against
all persons corporations Whatever, who shall issue any
substitute iur money al less denomination than 50.
[PAA Spirit IF he 7irses, Or; u.
EXECUTIVE CHAMBER. !
Harrisburg, October 10, 1889.
To Orid F. johnson. Esq. .iu0rnty General u Tic
Commonwealth IF Pennsylvania
SIR-The suspension Of spsce payments ny most, II
mol all of the banks in this Ccmmonw ealih Seems likely
10 produce the debHss and arrangement OF the
currency Of the country that have attended the same on
fnrner occasions
The several acts of assembly prohibiting the issuing
and circulating of notes. tickets, and other pagers IN the
sinudr oi bank notes, under the denomination OF i've
dollars afford ample protection 10 the community against
the evils arising from this eys! and spurious currency,
il properly enforced The only defect in these laws is,
the omission 10 eno;n the duty Of enforcing hem upon
some particular officers Ct tie commonwealth,
To This omission is probably owing that these fa!u
tary laws have been practically ded and treated
mere dead letter. as The Executive OF the Com
monweaith, bound 10 stake care that the laws be faith
fully executed, feel il 10 be my duty in this enicr
gency, prevent far possible the violation Of
these laws. it 10 the people Of Pcnnsy lvania,
whose dearest interests involved, TO shrink from
the performance oil this duty Ii my desire therefore,
that you, the proper officer should Immediately ADOPT
such you may deem best suited 10 The at
,anmPHt Of The object in view, TO w.t. The entire sup
preston Of all notes, bills checks tickets other papers,
of The snilitute of bark notes, promises 10 pay mo-
ney other things under the denomination OF ise dol
lars, frcm being issued circulated within this Gem
wealth far the law in relation TO The subject
furnishes adequate powers Tor that purpose
IL is proper should state that in directing this proceed
ing do not intend or believe that il will operate 10
shake the confidence Of the public IN the ultimate ability
Of most If all Of The banks OF this Common alth
10 meet all their Obligations. and 10 redeem their faith
pgh'Pd Ia the cnmnrny nor do think II viii throw
any obstacles in The way of their doing so; the con-
trary firmly believe the exclusion rt all small notes
from circuiaon will tend directly than uny other
that hr devised, 10 protect the public
fr"m ruuds aud imposition, ind TO enable the banks to
fulfil their respective engagements.
The circumstances by which we are surrounded will
doubtless lead 10 the cultivation Of spirit Of mutual
nrbraronce and moderation all sides as the course
best adapted 70 restore sound ard h, althy condition of
affairs Every attempt 10 sggrayae existing embarrass
lnenls unnecessarily should be dlscounlenauced by all
con and rsii-riing ciiiz ns.
There is beyond question. abundance of specie in the
country 81 o.! The channels Of domestic crculntion
without distressing private holders or The hanks:-
and The Of specie pa ymenrs by these us
| iuliors cuts II great portion Ut the foreign drain
upon i, il mast readily finds way into the hands Of the