Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-07-30
(Fyom The PansLmg IRA } .Mtrcury.)

-" h1 q t'""' I J." i f'te g.
Hos K J WALKER, Senator ir"in Mississippi, who
had announced his Intention 10 resign his seat, has been
induced, by the strong solicitations of his friends, aud
The prospect of renewed and permanent health, 10 alter
his resolution. To the numerous and ardent supporters
Of Mr. Walker, and TO the Democracy Of the Union, The
retaining Of his place in the Senate will he cause for sin.
cere graduation. lie has written n powerful letter 10
the people Of Mississippi, in which The banks Of that
State, perhaps the most reck!essly managed of all their
iniGritous tribe, receive severe denuncia,ions and efec.
tual exposure. We extract the following paragraph
from the letter Of Mr.. Walker. It affords strong evi.
dence of the e1clusiveness and favortism so disastrous
to honest and unaided industry. which attaches 10 the
banking system in New Orleans as well as %Piltsbu'g,
and every other place where a bank exists:
"By official communications made by a joint commit.
lee OF both Houses Of the Legislature OF Louisiana IN
December. 1887, and March, 1888, il appeurs that the
liability Of the bank directory U72 in numte) of the
sixteen banks in New Orleans TO those bani-s was, as
reported by themselves, screnefn millions sieht hnndrtd
and ser'nfy fee thousand fre hundred Gnd pfnet,' tro dDt
lars, namely, as payers and disruunlers S15 JO7 81, and
US endorsers, 50 2G5 34l, the total AMOUNT Of oil The dis.
Counts OF The banks being at The same time S2,4UI, no.,
exhibiting q bank liability Of l12 directors in mn amount
about equal 10 one third Of The bank liability nf The
whole population Of Louisiana, We thus SEE the bank
liability Of a bank directory composed Of 400 persons in
two States (Misslssippi and Lnuisiana) amounting 10
thirty eight millions Of dollars. From no other States
have any official returns on this sub ecl, except from
a single brunch Of one bank in Alabama, in which the
liability Of The directory Of that branch t.,ne was half a
million of dollars. From what we have seen, howe yer,
IN these three states. mere CANNOT he q doubt but that
the total liability Of all the directories To all The banks
in the Union, cannot be less than one fourth Of the to-.
tai liability TO the banks of The whole people Of the U.
Siatee.
The OPPosITios AND THE ExPESDiTuREs-We
have examined The journals Of the last three sessions
cursoriIy, and we believe we shall be able 10 prove by
the record-by The yeas and nays OF the Opposition
members in Congress-M that erery appropriation iii PASS.
ed during the last Congress lad u majority IF Wig r6tts
in its faror. We proved in our articles, during he last
summer, that Opposition members had proposed, and a
majority Of them voted for many millions beyond the
estimates of the Departments. The journals will show
that, at the last session, as at the former ones, they voted
for vast sums beyond the estimates, and appropriations
defeated by Democratic votes. What must The people
think of a body of partisan representatives, who go
amongst them, making the expenditures of The Govern
ment the theme Of incessan, denunciations against The
Administration, when it appears on the record tha, a ma
jority of themselves voted for every public appropriation
for more than the estimates Of The Deparlmenls-fo
more than they could tempt a sufficient number of De-
mocra's to aid them in passing, with all he lures of
their log rolling system put into requisirion!
II is our purpose to prepare and publish, as soon as
possible, a complete list of the yeas and nays Of the Fe.