Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-09-20

To sustain their credit.
faa' The spirit Of avarice, whch 10 Re irheren,
N some individuals should prompt them 10 of this
nature - by M surprising; but that our bankIng
institutions established hy the Of the land este nsbly
Tor The pubic benefit, and which only * 81 by public
confidence, should be instrumental in promoting this
beiaouS traffic b. dcpnred BIZ every one who feels
an interest in the financial commercial and moral pros
perilY o. our CITY,
Public opinion seldom in lis decision &c questions
airiy Submitted and Clearly nndersond rh honesty
and IN diligence n tn conrnuty IN which VIZ hive NAV
justly BE- considered ssru.ri against f,granl abuses
and papale v,'!a'icrs OF s principles n morality
the laws OF The lard The public has already been
heaid IN condemnation oi the post note system II
audible TO be misunderstood and too porn, be dsre
gasdrd with IMMUNITY Let those who would contemn
beware oil the consequences of public displeasure"
Public dispi,asure ought longer 10 sleep over
such public abuses The whole Banking System cries
aloud for reform The prosperity oft great country like
this must NJ" be forever dependent upon the reckless
or selfish movements of few Bnnrds Of Directors The
money power mus, be muzzlrd New aud severe resirc
nns must be imposed upon the Directors and Slnckhold
They must he made respohiibe in their own
private fortunes The actual capital must be paid in The
proportion between the discount and specie must be
duced Small must be abolished and larger por.
ton Of specie infused into The general circulation The
operations of the Banks must be subjected
scrutiny Of responsible commissioners; and severer
punishment await their iransgressons. Some
mss say destroy, but We Regulate, restrict and
punish
Il will never do for things To go they
going The States must come 10 restrict and
guate BY aws-and such, are happy TO learn,
Is The loud tocsn which has firth in Ohio and Yer
mont add Mississippi. 1t wilt go forth long in New
York, Massachusetts,, and every where. We must re-
form altogether; else, we shall continually rue the
consequences So strongly impressed are we with the
necessity Of reform that we invite strongest sternes,
thinkers consider The subject and lay the best results
of their bes, judgne III before our readers
The Petersburg InteIigencer, We sorry to say it,
still sophstcaes and ,misfep'essnis US We do not
complain of its vocation; but certainly '.ustce and
truth do not guide ills course towards The Enquirer
IL does not comics the error into which hist tell, Of
making go back 10 The Administration after we
had opposed the Sub Treasury 1t il had studied
course Processes, ought 10 have stated that al the
very time opposed The ub.Treasury, we declared
thai on that question alone would part with The
Administration We have cited repeatedly various de-
carations have made TO this effect, for the last two
yesrs-and yet The nelligencer processes 10 have stu
died poson We admit, that the b-Treasury is
very important QUESTION why does not The Intel
lisencrr have the cnndor say that have always
considered the National Bank a much more import
ant one: Why does not the lnteilgencsr confess,
that have uniformly commended, that II the Issue
were between Mr. Van Buren and Mr.. Clay, with
their respective schemes, should stand by the tor
mer: That We differed with Mr. Van Buren, bu,
one ques,ion-bu, differed with Mr. Clay and The
Wings by the whole breadth Of the horizon-What then
would The haSe Us 10 do To rejnIce at the success
Of the friends Of the administration, or OF The Wings
The Edi,o, Of that paper must be greater wiseacre
than take him 10 be, if in our position he would
supported the lection and r"iced in the
Of any man. xho Tor putting down the present 40
ministratoa and thus putting il the Wing champion OF
the National Debt aud liberal eoastruc,onIst OF The
Constitution.
This is The KEY, the obvious key whole
We have uniformly declared, that we would ne yer aii
late with the whgs-We warned Me-. Rives against It
We admcnished him mol 10 take Office from the Wings
and more especially when we saw the Wing this
same P | and The Wing Orators and The Wing
bers Of Congress and MIR Clay with them inviting The
Wings OF The General Assembly, 10 vote Tor Mr. Rlves
and with the axowed purpose, of producing C"a
ton between The Conservatives and the Wings, To PIT
iuuu AaYtin FaR BareR with The AID Of MIR Rlres-
Has The L. 'easn Of the insane root, or is so far
lost 10 ruh and justice, under the influence Of Party
spirit condemn The confse, which We have taken
in the position which had uniformly defined for
selves: Would he have had US still ndherlng TO Mr.
Rves, instead of opposing him and 1.-THE very men with
whom We had united IN opposing The Sub lreasnry
bil: Would he have xpectcd 10 see US aS7ating with
the Wings in order TO put down Administration, with
which differed on but one point. in order TO put in
a Party 10 which were opposed on almost every
point, and points Of much more Importance: How
ever .urprised then this wise affect to De at
the 6eclrralon soemniy express our belief. that We
have been really consistent as (We would fan per.
suade the world that (we) have been We are con
vinced have carried out the resolution which
we originally laid down; which have so uniformly
ex ,ressed well prrvatey oHr late Conservative
friends publicly to The world a, large. We hold that
the Conservatives have broken their contract win u.s.
and not We with them thus far, and no farther =
Such was The ground vf cooperation. Some OF them
have gone the whole (like Mr. Talmadge Of N. York;
We only will not go With them; but lney compel 10
90 against them In word we take the same ground,
which MIR Senator Fontsne took in the Spring ct lss
as is quoted BY the Rec buttons from Gnochland IN this
days paper. We presume, such IS me assortment
or the Justice or the Petersburg Wing Editor, that he
will al once declare Nj Fontane has been The CONSIST.
ent politician, not We We have done, however The
Editor MAY % sophiscaie aud misfP present. we
care not. Bat are sorry 10 say. that We can no
fra hD he III
we are fairly entitled.
The best system. have thought, was, TO adopt
sound system Of Slate Bankng-to reform lis abuses
10 restrict The in every way by aboshng small notes.
nv making il the interest OF stockho!ders 10 watch over
the issues Of paper and by every other precau'ion
so as to give TO the country, sound reoeemaoe Papef
and larger distribution of specie for the ordinary Trans
actions OF society Use these Institutions as the special
repositories Of the federal funds limited IN their amount
onIy To the expenses Of Government most econonicay
administered. Such would have been our choice sueh
has been our recommendation from the period OF the
Extra Session Of 1887 But the recent abuses OF many OF
the Banks; the nordnale cedt and speculaons when
they have encouraged, and in which GONE OF the hare
mathematics the transactions cotton, Hour ahu poA
in which they have plunged their customers-the alarm
nu and repre- nsbp OF Post notes, irreoeehaF
for somany months. and passing at deptecia,ioh o.
A per cent per month-are rapidly shaking The conn
dence of The whole country these institutions nese
abuses az well The ultra OF some OF Inc Ion.
servolives are calculated TO defeat more than even
the success of MIR Rivess general dePoSac fS otMe
Bank Sysem. Thut scheme IS entifeiy out o' tnt
question Pref ring have done The sPeciai
lennsite system TO any other, confess that there
are many Of these Institutions, particularly 10 inc
Wesn whom we would not trust with one cent OF me
public money even special deposIte-and We shon'u
exac, of of them still greater restrictions ~ I've
special depose OF the public fnnds
STATE ITEMS.
Ha;pe-The Portland Argus states, that"Every coun'
tv thus far heard from, has given urge gam since
last wear for the Democracy In every quarter our
r;a,j. have dome nohiv They have rallied IN mass
,h sunoo,t Of Governor Fairfield and re elected h'm
by more than ,sece Tie majority which he had last year
In the Legislature too, The Democratic strength mas
been increased We have gained two Senators cefta,"