Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-03-24

The Senate the most respectful attention and the kind
est assistance in the enforcement OF those rules which
we have prescribed for own government, and the
dispatch Of the public business and without strict OBJ
seryance If which, de!iberativc body can either be
respectable or useful.
I'VE are now gentlemen, about to return to the bo
of families, and TO the body OF that commun
ty, whose public servants we all are May l be par
doned for expressing the hope, that we Will not oniy
cherish kind personal recolectons each other during
the period of separation, but present in own
persons, examples of that moderation and iorbearance
| IN relation to political opponents, which is So
strongly demanded by the present excited condition OF
! the country Moderation and tnrbearance is not m
compatible with the fc!aGcss Of our ccnrctions; ana
under government Ike oars, where and difficult
questions Of constitutional powc- and Of public polls:
are 50 frequently occurring, it may well be sad We
know not to-day who to BE- political associates
Tomorrow This reflection of itself should teach u,
charity in ud5 ng o.: the opinions and motives Of 9TH
ers and tie wise and vruoUs part o.. our constituents
viii be The first Ia approve and 10 iate example
Believing that tins sentiment viii be readily respond
cd toby all, it only remains, gentlemen, that express
my sincere wish for future prosperity and hapl
ness, and to bid you atiectionate farewell"
Banks---in Excess.
In the Debate, which took place III the Senate Of
| the L. S. Messrs. Buchanan, King, Brown, friends
Of the Administration, took The proper ground TO re-
ought TIE Hey mi have sdR RssR s
so tar as parties concerned the Democrats are more
an&onS 10 reduce tlc!: number, and TO reform their
action than The Wings The writer Of the following
proves, !ha: II is the Banks, not the Government,
which IS in fault about the present embarrassmen,s Of
| The country. One fact alone is conclusive Who
established the present Pennsylvania United States
Bank: The Wings, certainly. And what institution
has done more mischief than that Bank, causing lie
other Banks TO suspend, and letting in this Hood Of
woes upon us,
For TIE Enquirer
To he Tutoring Peop'c IF me iHitod States.
"A brother laborer desires 10 say few words 10 YOU
on the political topics which agitate the country
labor daily with the hoe, the axe the spade or some
other implement Of husbaadry. My hands are RS hard
as the most Of yours hold an office under the Pos,
oicc Department, Of which the gross profits have ne
yer exceeded eight dollars yea-. | have never held
nor been candidate for any other office whatever nor
have ], TO my knowledge, any relation Who hold,
all Office State or Federal, except member Of the vr
9mia House Of Delegates | ain daily III would h5
more correct to say nightly III the habit Of rcad1g
wing Is %eii as Democratic newspapers. We are t,lG
That The times very hard and the people in great
distress. Many OF u.s. alas feel that there is truth II,
this. IL needs proof We are told, tina, the
administrations OF Jackson and Van Buren, are the
causes of them Let us inquire into this asser.
ton Did You never experience as hard times 5
the present, before Jackson and Van Buren, came
INTO Office: Those who are not very young will re.
member several periods during the time that VIC had
a [ ) Bank, III all ts perfection, VIXEN property, &c.
Morally, worth hut little more than halt what
been years, during the reign of Tie L. : Bank hen
the mos. valuable field slaves were worth but little
than three hundred dollars, and tobacco scarcely
moro than three dollars hundred This vas before
Jackson or Van Buren, into office; and of course
You must loo beyond them for cause Tie truth Is
that money has bcen alternately abundant md scarce rter
sine, the system IF Banking has brsn generally ad"pt.G
in this c0unfrH. This is necessary and inc vtxble
consequence of the Banking SYSTEM ! think eve
~ of you will say, when you look at il with tie
Snfc &c al,
catons in which designing men, for selfish purposes
have envcoped it. Let cndeavor to set the system
hus simply before your view. 4 Bank is chartered
"It! various prvegcsamongst the rest, is that Of be
ng allowed TO issue two or three paper dollars for each
silver paid III stock The Bank begins her ISSUE
u, papcr-hcr loaned out and put into circu.
alton. The next day, next week, next month,
her Bank somewhere chartered and the of the
Bank already in operation presented AT the
,f the Bank which ISSUED them, and gold silver de-
handed and received for them This specie thus OBJ
:-I 70 transferred 10 the vaults OF the new Bank TO
De again drawn out by similar process and so on nd
"Ph"nm; SO mat three, SIX twelve or in short any
mount OF paper dollars for silver one NAV be manu-
actured aud put in circulation BY and by there come,
demand Tor specie al home from abroad or II suits
ne interests OF the bank managers and their iriends
MAKE money scarce and as necessary consequence
property of all kinds cheap The notes of the Bank.
re presented at their counters and specie demanded fox
mem. Now how is ii possible, when there are two
ree, or SIX times many paper dollars as there arc
old and silver Ones for the banks to redeem all the,
otes with specie: The thing is beyond human power
ne llhc lot feeding great multitude with few
'aves and ilshes IS long since gone by How absurd
oes II sound IN the ears of plain man, that a
INK mnst make two paper dollars for every gold
silver one she owns, and vet when the ps
or ones are presented at her counter, she must
e compelled to give splice dollar for everv ,.
ef one thus presented; 1t is nothing less than 20
'4uIrc her TO make two and two make eight Per-
ups some one may say prudent bank will issuo
more paper than she at all times redeem with
Icce. say IN answer, that no man in his senses viii
he stock IN such bank He can lend out his silver
'l!ar himself at legal interest without buving banL
= house, hiring bank officers at high salaries ana
curing me expense OF manufacturing paper money
represent ms specie. Il nun rih his siiecr doIar
yS 0""s stock, 6ec""se by ronrerng IL into ira pa.
oNeS nc can get hceire per rent. for II, and thus
ai'se more than legal interest after paving house
NJ, The salaries of bank officers and other Incl
MAJ expenses. If this be not So how does il come
out that the stockholders get dividends of cigh,
q Ten per cent after paying oficersi salaries and
expenses bad debts included: There are be.
cen eight and nine hundred banks in the United
aes and the number of officers paid and supported
mem, cannot fall far short Of ten thousand Add 10
. inc brokers' counterieIters, q mean no offence BIZ
assocatIon-many brokers are no doubt worthy
NJ &c, who 1--we IN various ways By bank paper and
U can no longer wonder that you who feed them all!
kept lean. You and l. when we ret 4 dolIar-lev.o
iFer one ARE not allowed to receive for the loan of
re than SIX per cent. Let rs buy Bank stock with it,
then, by making three paper Ones we can loan our
e one an the paper ones, and thus rcceire u per
. tor h 'Tttdom infringing any ia,rs orains, usnru
u me mol, that bank thus managed would soon IN.
a forfeiture OF her charter How many charters dill
ever know taken away from banks for a violation
hem do not believe a bank in the United States
DE pointed out, which has not at some time yo.
"a It's charter The truth is, they arc above all Law
iEeglsiataFe passing laws for the government Of
$500; , . :" mG most tarcical spectacle A large
otily Oh our lawmakers know at the very lime Of
I'M sucn laws, that II is all lumbur-that if the
SUI. te banks, they viii be obeyed Otherwise, not
'"os H'Se nhg control the makcrS ofMs n,cs
people are indebted 10 the banks-thc legislature
oout !" pass some law which The banks dislike
y simple The mode by which The enactmcn, Of such
;" AZ; Is p. prevented The bank says to the cgsla.
J., !, you pinch me, will pinch your masters, the
pc VINO viii soon cause you to let US alone Some
- a as process IS still more simple Il will pinch you
u pass such law Ought you, fellow.countrymsn,
as.o''shea mat money is sometimes abundant and
Dpp Ill,