Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-01-16


sitY Hf 50 efIaiiins its operations tl far Tine u
would dease 10 lie a bank Of disr8nfI. For II Is
wholly unf The question 10 suppose i4i With spe-
Gle At y rfemum and ublieaflafs uass outstanding
exceeding tho amount Of tom IN possession, The
hsuk uih 81 ought 10 add as iIab.itirs by dung
ans 5fs aes5 whatsoever j. lie banks sha be re
huesd 10 snch NECESSITY, iHteed Ia any near a-
rroxlnaon 10 IT, tie depreciation q properly Of es,
ety description. aid the interruption 20 liz COM
ne &c aud fade Of tie State. resulting t0u tie DE-
nld % tic accustomed bank taeiIifieg. womb be
featfuily and extensively nIselheyons. The fact
lhat New oIk has been able ia maniaia specie
payments, ~ no Iuconsidefabie embarrassment and
loss it be adunted and the ctoatef therefore, Is
the credit which II rof fcts upon hsr does moi lnry
ijat attempt to imiiale ller exrmalr would mol
involve greater sacrifices than fell II lcr portion, or
thu there would be IN the end any certainty OF sue
tess. Her position rs the grsn ceunr al exchange
IS emlncnlly Ia her G,vor Credits on New York IN
any part Of the country are equivalent 10 spece-at
premium generally With reference 10 the specie
standard Hence she Is not exposed 10 The Loss oi
specie BY domestic demands. She enjoys. besides
oller Iacstimsble advantages. the .Ius IN pant Of
her 2igaouc enterprise, and Of vast portion oi Tie
public revenue Of Which size istlc depository.
The question To The time when petie pay
mcns shall be resumed is ptoperto be ,dered by
tbs meeting, If II be its pleasure 10 euterlafn II
and the directory may be relied upon 10 cauy
ehccrfuy on any declaration Of It's opinion.
II is gratifying 10 know that, notN outstanding the
81 pension, bank nales have not deHceitted, but
NV "'' ," ''',''l a'"e" - VI, II '"i
: - '''' us IN IN, -
reduction y lch has been effected IN the circulation
Of this bank, and he reduction thai is know 10 have
o'c''.'9 At ,h' ''''i '"."s' "ou'p i''i"'91 20 ~
- - Va ih' ~, - -, 10,
=, = ''i1 ~ % ~
ted with reference To baiiks notes the standard;
aud thai Tins true Of property the most s1ea-
~ ~ ~ .''.s' =. '''' "'ps, s'',y
'u" - I'"P't'5 VI nv "'oNt uhq"es 'n"''' ''
.a' opn5"'o's u 'l' commandment" ''' eA'"p'',
"''' ' 'Ii'' - = w 49," - ~ r,
'ae currency 10 "e a'itcoh,ep' ""oe e'''''p' -
suItpSt IT l" w ie"'"a'n'' u - w. NP'e,e - "
Pafed w''h he'es IS Al premium ou' 'eai mp
pens " o''''i" '9' II ''i' nv " NJ
''' 3'''' - = I' " - " nv ' - -
Wnpn no'es "e ia l"5' oep'eU'''ea' h'fIrn'p "a'
' ir ~ ~ " " ~ '''s % =, 49, " 49,
'1a' lo' sh"'' Hhe 'a"" o' TpE''o NUTS WIZ
" premium purchases "h, GOA ye' none "o".a
t9peluoe 'hrie'i9'" '''l so'u na' u'p'eei',eo' ~
ne" OK ~ ulc COURSE o. my lall' Sela"E o'ns
WIRE tu''eu'is SUI" ~ "o'', . 10 lei cent "eiu"
par lhe1e oe'hg d large aua,''teu na''uee "sai"st
lhS country III 'dfuf Of England lhe 'ict may
show there was want oi money to purchase stcf-
ling bills but not that they were actually depecia-
tea III value
Ma meeting oilhe stockholders IN May, held TO
consider the amended charter, resolution was
the General Assembly, praying for certain amend
mfnis oiihe banking laws. The penalties incur
led by tic Suspension induced tie opInan thai II
was proper I" delay lie memorial until allcr the
General Assembly had passed on that proceeding Of
the bank
The meeting that adopted the resolution fell as
sared OF obtIning from parental government tle,r
Co-pafner IN a useful public nslllullon, Wiling
audience for any dutllulr representations concerning
their common interest and us connected with IT, the
interest Of The public Al largo. \ haslN reference
10 the amendments coutcf p d1cd is all that now
proposed.
II Is Hnmby submitted thnt the provisions ofthe
law applying 10 case ol suspension, may be made
to work ELECTS fatal Ia the banks ard that would be
depoied by The public. It's not the interest norlhe
wish Of The oekhodels, That any measure Of ,espon-
sbity likely 10 prevent the recurrence OF suspen.
SION. shonidhe relaxed; but as II may occur uhHcf
the most prudent administration OF The bank, laws
That expose tue feperE OF the loeelnsca-
uon ana Tue institution 1stll l" anihiiatlon' At the
sun OIL 'i"slu9as sethln% only 'her private a0'aa-
's', ""s" ~ 't""''1 P'"''c tru' "'' ny 1'
zen '"I ,''", P,'''e ouJee'S' "e le.'''''
i -, - ~ W. w" SUI = ~
a., ~, - !
i -; - H., ,I So IN.
SUI" ~ " p9'es' ''I D''s
800 H., :, ,.a,,i n,,,i ,t'a III 1T
- 80 e " ' "7 ~ "
NJ t.,..
II - - g. ' 's'e "
"a ,, - ~ ",i' ~ az 90 p'' Pl,9
/ ,,,, ~ ~ o',,3 ''''"'S "e e'9 'o"
49,; -, =? - t'"S''''s"' - VI. ,'o',
i t' " rg' S 'uol'',"'e '' NUS VI
49, -, " ~ .,''a 's' II 10y 'e
/ ,,,, :, =, ,.t =, C." " -, ' VI ~ &c
hibi,, a1 '"'' "uol ''ie pr
"',9 ,"s,e", 5'ie on's'e"ee ., sn'''
a. ,he,c IL ma eso - ,,e, ,h, o,, ','l y