Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-22
more than iva years ago.it, however, becomes mat.
Ter Of crave WHEELER ulgent people

ef h grave cnhsoeralon whether an lIcuIqen people
-. &.Tc'ir s"@1 - unreasonable c&"gctc'trn. :"
s,gaar i s"c-.a Hc- : -.s known ;.a re il~~k; in
IS irHa no. h.11'"-s I'D Suspended cur Vagina
Banks ainusi without effort sustain their crecii
resolved 10 olow suit We shall doubt be told that
they acted 10 sedeence, and could moi INV their debts
and solemn engagements unless other Banks would dc
the same But is this excuse TO he again received ps
sufficient: If il was question between our Banks and
those Of The North The defence up mqb, be al least
plausible; but that is not The issue Our Banks are bound
10 dlschs:Ie their obligations 10 our citizens who
'"fo heir nors, who have deposited their money il
ness institutions We have no. -riused 10 comply with
ous ""'paiions To The Banks, and it is defence for
n;I n US our tights because the Northern Banks
lai,hless md ak TO their creditors II proves
10 do the same anJS II IL 10 Justification for another
The plea set IN BY our fs 10 The sum and substance Of
tinue pay SPECIE vaults'nt, say 1hey, we con
And is this any excuse? supposfoon oe exhausted
drawn from the vaults o. the Banks, tg. oo'af was
any just complain: Is il not their dizzy WIN
ont their lost dollar, like honest mem They wEs,ss
much The less to The community, and by
showing disposition and willingness 10 pay as long
they able, they would then be fully acqult-
led for failing pay Their credit would be better
with The public than il deserves 10 be now; tor they now
play The part Of dshonoed bankrupt, who VIII pay no
thing because he cannot pny all that he owes VI what
er7lce is it IL The Community 10 know they have specie
in their vaults? For all useful purposes of relief it mg.
well be in the depths of the Now that is mfsl
wanting, il cannot be had The Banks pay specie as
long is not demanded but you ask fr 1t,
cannot pay a dollar Why do they ever keep 8pecle,
unless be 10 pay 10 their creditors when called oT ::
IL is than idle to require them keep specie IN
ordinary lines, 1t they 10 be permitted suspend
whenever II suits their convenience and in taking care
OF themselves scatter distress and ruin the land
know they have The hardbood 10 affirm that is 10 The
interest of the community for them to suspend 10 PIE.
their specie IRON being draw from them and sent
the North, or 10 Europe But if there be demand
for specie be sen, abroad and this is doubt the
fact) whose duty is II 10 supply that demand! The spe.
Gle ia wanted, and must and will be had the case
in 1887 II not supplied by the Banks, II mnst be drawn
from the ordinary channels of circulation, and then We
be told Tho, must have small change 10 supply
The drain Shnpasers then become the order of The day
The people are 10 supply the foreign demand for specie
out of their pocket change then take The dirty trash ls
sued by private indiriduuls, lille the banks TO be
permitted 10 hoard their specie, which belongs of right
to their deposors and bill holders And will the Lee
gsature will furbearng and lndugent people tamey
submit 10 such outrageous Injustice? Will they again
forgive these iathess corporations for their violated
gagements when they have specie in their vaults,
and refuse deem their notes far TO pre-
vent recurrence 10 the shinpaster currency:
II may be asked, what would have the banks to do,
when run is made on them for more specie than they
hive hand answer, pay out their last dollar, and
then say they pay longer. This is what their
charters reanre-this is what honest would do,
and tins would satisfy the community; for, if hunks
would adopt This course the demand for specie would
Some oil them might be onpelled 10 suspend
for short time; but there would be such de
and, require all the specie from all the banks in
the country supply H. and then all the ordinary chan
nels Of circulation would be still full; the
would TALL the banks who brought about The difficulty
by their mismunagrment and overdeaing, and not
The innocent community.
The people ought not to submit TO The sacrifices en-.
dured during the former suspension, bile the banks
permitted 10 90 al their and continue 10 make
large dividends without any sacrifice whatsoever Let
them 20 into the market and buy SPECIE whenever the
time arrives for resumption of specie payments Many
an individual will have pay hIgh premium specie
TO discharge his oblga,ions and the banks with their
boards claim TO be exempt from The least sacrifice.
Sooner than submit to such state Of things. IL would
be far require these rotten 10 be wound
up as utterly lahless IL The Common wealth; aud If we
mus, have banks ALL let create on differ
principles, to be prescribed Ly our Legislature al
their session
In the mean Time If present Banks refuse 10 sup
ply our citizens with sufficient specie Tor ordinary pur
poses OF circulation hoped will be found
pendent enough bring suit their notes, and IN
This way rxturt justice from their hands Once let the
example be set. and other suits i'll soon fuow. These
institutions may in this way be made to know
that their interest requires them TO discharge their obga
lions to the of their II they refuse to
extend relief and persist throwing the burden of their
misma cement the people, II will be the oounden
duty Of our Legislature take firm and decisive stand
against their continuance If they cannot be reformed
punshpd-il they cannot be controlled or governed
let the be destroyed. COUNTRY MAN. |