Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-12-15

Rrsrupr,os-Some Of the Wing papers Of New
York advise the Banks in This Shte not to resume spe.
Gle pa, ments on the 18th of Jnuary, rs commanded
nv law They also recommendation The legislature aii-
,bor,e Them 10 issue small notes, We favorable to
sonnd banking; but hope they v not hearken to such
sinister councils.
In reference to the New Y"lers, we have buta word
10 saw Speaking to their Wig brethren, they may
know their men, and he llstero 10 cohP'acenty. we
trust however, this is rot the case AS 10 some
we know il is mt the We noticed the opposition
10 i, in the Philadelphia Norm American with as much
satisfaction, rs did the first communication IN me
American Sentinc advocating IT. with arnazemen'. Inc
bending of PENNSYLVANIA legislature to such inhnence
from another Commonwealth wnuld be surrender Of
all State prile, and an ignm'nous hunilIaiion.
Durnu Tie Presidential campaign, one OF the lonGest
arguments in favor Of Gen HARRISON erection was,
that il would improve tie currency, ana restore uhas
to business wh'rh had been Locked up III consequence
Of general distrust If The operations OF the indie
| p.ndcn, Treasury Cow that he is elected by means
of such deception r people are to be drceiseu iur
Their into prntrachd suspension. Instead oi eur.
rency convertible iptO specie, we are to have small
notes Will they mace confidence hereafter IN party
thai 90 nl,rnplv fasifes public professions: But
rive il as our opipon ugan, that even Wing Legsla
tnre will not pvenngcr time 10 the banks Their sns
pension was vdalon of law and of their solemn en-
easements at frt and TO give them additional I'M
puni,y when al but are prepared TO resume,
would be an ouraae. And TO give them authority for
ISSUING small pcs would in effect be To exclude specie
forever from IT. business channels, and practically tn
perpetrae the, IN state of nominal snlvency bu; ac
| tual dclinoneny For whatever may be alleged to the
contrary no bnk pays com when It can escape w!'h
promise 10 pa small large notes, and no customer
s iudepcut-t enough Of their power over hs clrcnm
stances to disregard hint that demand for specie IS
disfa vor thawA be rrcollect,d
The cour.. nf the banks is plain If they desire resto
ration Of confidence in their administration They have
drawn uponher until scarcely my money IS
left in crcucson, they have heen borne with patti
emily alllpu much distress has been and is suffered,
md ,nuci property has been sacrificed to make pay
men.s T. them. Such is the general anxiety 10 see
them plccd on stable and honest footing, aud 10 see
| SPECIE again accessible, that the community has
contracted lis business operations, its purchases and
erterr;scs IL order 10 do with less capital, and thus
he embed IL The hanks their notes as soon
ms rossb'. b.fnre the day fixed for resumption should
arrive. They must therefore be III condition Ia re-
sumo now fthey ever can he placed in that condition
by anr indulgence the part at the people, or ny
coure Of contraction of their own. Let them do It
then this their obligation, and this he means 70,
retrieving tlpir lost credit among their friends
Or If they will not do it, let them wind mp, 20 into
courseof liquidation of their Liabilities and give room
10 new institutions, under more effective restrictions.
M better time car be selected nr the people 10 bring
lhc CRISIS, if he banhs wW tnrce 0nby aRniher
disotedvce 4, the pubie oWS fur nj 10 time can The
community Speet b. III g,ratrr state # indep6nd
ct6ark ots, OF Freedom from other cGba.rass
Ing engaecmeA s. Harr,$bnrg Rrrortrr.