Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-05

ma ! ;nrn3,;sS ,le cities Of Boston, Ns" t"ih "no
Phladelrh. Nth is post noes ""'ou w. :, -
:, %; -, c.,i ur annum Tins game also Grew I"
Is. and anticipating The protest I" 'hc bll!s oy i1"
;nouer q Co. and the non-payment OF Their posi- hpes
in New York they closed Their doors as we so
80, IF ibsv n,p honest on the OH October. le"
We hive painted the monsler 10 the life ana we nave
M inclination 10 draw The frogs that initiated Tue W"
the frogs and the having all burst 10 Ne a'e"P -
expansion -;,o - this issue Of
bonds and pos, notes bastard currency win no parents
by the law Of the land very large poTeon OF le '.
sent commercial and financial distress sr ,.;se from
thai they both and effect. iney ai'se H.
inability and they produced inability Ihey are 'he
fruits OF disease and they produced u'seas h,re M,
Let Us ask what enormous anionh's " sp.e th,s
The United States Bank sent 10 England 10 pay ueos
Voluntarily incurred by them, and TO pny ther bf''s
s,ockholders3 Dare they tell the community "u' ""''
refusing 10 pay The people OF fe"nsy ny ,sd
shipping. by every steamer anu VERY p".n y - 80
nj onson2s NJ hard gold and silver, which by densVe
mo, note. ,bev have tcken from the circulation OF Anne
We observed shor, time before the suspension mat
the Grnrd Bank had sent Soooooo :" soi m :" 10
and since the suspension! we "o''ee 's os "
The Ivernool takes her departure at two o'clock TO-
day." saturday, 18Th October sozo
aTbe ononni OF specie she carries out is about S2oO,
O0O ON account OF thu Grard Bank OF PhadelPha, ana
probably as much more on private account
Now if we plain countryinen nnoeIsaho 'h's a. a'''
il is simply this: 7ht q Sank ard GHHrd bm"h Maee
eiosed hry doo,s in PAindphia against tie People 81
he Safe and are shipping their gold and st'eT 10 Europe
viii The People oil Pennsy vana bear 'hs;
lHarristnrg Reporter
A WEAK INVENTION
The Richmond Wing OF the 23h instant eon4n,'s d
dncumen, a, length. purporing 10 be sientd Lev
Woodbury. Secretary IF tie Treasury dlird Inc ~ u
January 1897 and stated in the editorial common.
which accompanies it he copy of circular
by the Treasury Department, to 't ne fei namM ms n
~ bear .Cate Tue lie
posite Banks had been compelled ny The ois'fiouoh
act 10 transfer large portion OF the puohc monty ~
their cusludy 10 the States the preparation lot WHICH
some months before had produced severe pressure upon
all the banks htuughnut the county, We were s w
with the mprohab,ly that circular Ike that Puoseu
i.he hig should then have been sent 10 the:n reeon
mend'ne >h"p 10 increase hth acc"mInoda'iois' a"''
Of course TO hnza'd sovency at such Juncure-
On inquiry al The Treasury Department, 10 find our
suspicious of this pretended document verified No
such circular as that published in he Wig nor any ON
he subject hch that forged document pupertS relate,
raS srtr aEy issued Gy The present Secretary 81
The Treasury. OF by his authority.
Que Of The principal reasons alleged by the first Sc.
ce,ury of The Treasury Alexander Hamilton IN iavor
Of The establishment Of National Bank, IN his elaborate
report on tina, subject the facilities which would be
afforded by such bank to The merchants From maj
day the present banks have been employed 10 receive
the rub,c revenue and il for the profit OF their
Stockholders until required for the puuc service, wl
has been usually paid cot in then own currency Inc
result Of this inlemIngng The transactions OF privoe
individuals with those uf the public. making The puonc
credit depend upon The disin'rresedness OF resPon-
sbe persons been abundanly experienced several
periods Under this system various occasions wl'hIh
forty years past, particular banks, holding large oep"
al public money have been 10 eSeho
all the facilities in their power icwnlcs the pay hth o
lie probably by oil the Secretaries {" The irea
snry. One instance OF such recommendation occur.
red we understand, about the time OF The panic pro
duced BY the sudden curtailment OF The Bank OF Tue
y ). in Ic3i-a curlailment intended 10 compel Ion
gress direct the restoration OF the pubic oeposIes 10
TIM. iEslllGtian. As this cuai inert was wdnton al
tack upon couineEcal credit throughout the country,
tor The purpose o promoting the designs OF that BANK
some he depnsle banks. were al that time ADVISED
bv The then Secretary Of The Treasury TO sustain The
merchants 10 he utmost Of their power.
Bni distinctly repeat that no ouch circular rs That
published in the Richmond Wing of Friday last was, as
We have The best ground for believing, issued 10y the
Treasury Department al that tre cny other period.
Certainly such issued by the present head
Of that Department We can hardly suppose in editorial
courtesy that The conductors Of The Wing have cut This
pretended document out of whole cloth. They have
probably been imposed by The alteration OF some old
letter 10 particular bank, into general crcuar-the
date tene change suit the progae object in view.
Whether the standing IF their paper before intelligent
and high minded community does no, require them 10
publish distinct withdrawal of the violent aspers'uns
they funded upon the supposed existence of such
circular TO "the pet banks in 1851 nnd give up the
author OF The presentation 10 public sc"rn remains
for Them {, Geermine. A warfare carried on by such
means cen hardly br successful IN Virginia. unless her
sons have greatly changed from The VHs'n'ans OF other