Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-07-16
in the presence Of large Banks have any son.
adorable amount Of depnses The large and bran

siderable amount Of depostes The large banks and bran
ch's he'ng Of course preferred 1t 10 hsre're Obvious
'hat by ri"rrinp ilir nc, :" 1887 shall bn p-s
,ffeo with Banks at srnIll anh uniupnrian capital -
mi 10 make Ibis sill r',rP p!a, will ask The lndug
ehcp "i The Senate s"r itly minutes
banks must loan nu nsnry twice the amount Of their
capital, To d., prosperous business, This will
give gross inron'e of II cent. is estimated that
per cent will cover all EXPENSES end losses leaving
pr centum |" be divided um"ng III. Gnr hh"Idrrs To
i"ah out this amount l!nnks rely upon their capital
tiplf depnsIifs aud their circulation. All Banks BE-
even i"lrraby saf aust have always hand at least
ohf-'onrth III iil,f capital IN sppc:P Cnns qrniy Ia
frach Twice The amount Of their capital in loans and
c'sc"nh's they must consist. 10 ils ,1rnt of FIVE.
e2h' rs "f dcposes and circulation. hive revinus
" sh"wn, Tint small independent Banks cnud not ha
ofp"sies or ccuiaimn Ia any extent II nnt-s under
zo are prohibited; ard thus. il is obvious by adherng
Ia Inc policy which frhds The issnr "f under that
nen"n''nai,"n, shall hr saved from The m.schipis
Inevitably following The establishment vi sma. ndppend.
chl 3D. Ks OVER the whole SAFE
Sli ssd Mr. is The int rest nf present large
banking establishments AFRO. I" sustain This pulley. No
BANKS N the l.. : havs such magnificent srupe Of
country "r their circulation. tie Banks of Virginia
Us MOI plainly their pol cy 10 preserve il Ia themselves?
ms can only he dune hy supprssing small Lei
mem coEilnne-lst small Banks have whrrron 10 live
lei Them h"v' The power 10 small mites which
nreord IN The daily Transactions "t sncriy mud sure
rs the sras"ns shall annually rrcur will small ndepend
fnt Banks increase and MULTIPLY and gradually iuruis,
thr c"hsumpirR circulation of the Stale The paper n
the small Banks will not be as valuable The paper OF
orr large end well established Banks especially in the
Northern States; and under well known law ufcurrpn.
cy, the the daily dealings of will supersrde
the ohrr. The notes Of The large Banks will be- care.
ny s"nph alter Tor Purposes nl rtmitisnce. DC and
mus p"nr ~ upon them. without casing for rrdrm p.
t"n. This is so plain md obvious, lhst ] confidently
expect 10 SEC cur large Banks uniting support Of our
p"lry.
II sound principle in political economy undJubl.
eddy. which requires gold ard siIvr fnr lhr ordinary
evry day ranssrtnns nf s"criy France WIS. at one
time ov,rrun with paper currency more destructive To
her industry thnn war. p s'rnce "rlamne Oui If her
suit r'Egs sprung her present SYSTEM mch sIl"w, no
note under sou irnnrs, about hundred dollars which
has endured Tor nearly foriy years aud winch ss made
her ore OF the most prosperous and independent pow
~ Europe. gland. one nt iht mast Commercial ma
i""s If The EARTH allows under five pounds
ling, nearly SO She rrn Of about So fur up.
wards nf 20 years found would d. and ndnprd her
present limit We have experienced the evils al an AL
most exclusive paper currency again and again; shall
We do n"lhlne 10 avert them Shall W. disregard the
examples ui France and England: | trust not Now,
said Mr. ) IL The dry and now IL the hour Lei set
me proud and glorious example for sister States 10
i"lsnw, which has been sri by The most enlightened
powers ~ Europe Sane one nns begin. Let the no.
nor and The glory of go doing he TRUST, Mr. Speak
er that will be The pleasure Of The Senate firmly TO
adhere tu its ampndnRut
TIE Clay Conrfnt,on- Nnnsrnn has had The honor
OF striking The frat ball! Al me, tug held in the
Courthouse, IN Suffolk IN The 4ih (Grn J"hn T.. Crnmp
IN The Char and 1hrmas ). Shrpprrd SECRETARY Jhn
L. C"innn and Joshua NJ. Hnrrr we're appointed DE
legairs TO the Sinnmtnn Convrnion-and John e. Crnmp
and Owen H. Flynn their altrtnates. or the twn plans
suggested Ivy the Wing Central Committee, The meeting
approve OF the appointment Of D-lpaaps the Harris
bury Convention The proce, dngs dn not frlh the
sze oil the meeting. They do not inffm ns how nm
nprous and respectable We confess wp with Ia know
something nf The elemen of oil these mrelinus-and
especially how many States Rights Wings lending
their names 10 the nomination Of LnllIudinous Con
structinuIsi.
u The arrows nf Mr.. Rivrs' Clsnsmpn and Allies
fall thick and henry around US The J-irrsonian aud
Madisnnian. the hig and ilr Na,nnsl hIarazinp &c
raising The ridiculous cutlery. hen we nucr
his cnmlcal hit al us. al the Amherst Dinner we NAV
give word TO his literary lirgenrn.
Tu THE EDirOR or THE ENQUIRER
Whist has hrcunip ul ynuf correspondent .A'pia,
Of King IL Qnrrn, Why d"ps h. remain silent, Is
he cnnrnred with hav ng achieved single Victory .
He shot E" Illam & R;vrs just rs he crossing the
lines Having given him staggt ring blu~. Why is
that "A pha doris not cuuiiuu- his FIRE; Although MIR
RYps has TAKEN shelter brind Federal battery. yet
few such shot was 6r.d by Alpha last year might
penetrate The walls mud reach MIR Rvrs We hope that
"A rha is neither dead. n"r btco ink--warm
tired Of well DUNG II this rracIrs his eye, hope il
y-Indncr hinn his pen in drlrnce VI Those
Republican principi which belong exclusively to the
gnnd did Democratic party BETA.