Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-18

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Ef.ronccs Of opinion there may b., as 10 IN feheu
s,.d there can be rome to IT," almost pa h1G
h,t a.lntary distnctness with "l:ch inc CahhciS az"
a;ssasas of he lines laid open 40 one can :euu
This Message without beng yiviay impressed "s'i ~
facts hch il emtodes, and with me Necessity :" ie
medal measures of 4 potent c'laEac''i,
the two great topics embraced IN ms Message are
naturally the banking question. AID consideration"
arising from the financial condition Of Inc common,
u.c,I1h as cc;,n.rtpd with internal Improvements ana
Ia means OF meeting the obligations already incurred
1'rnsc themes possess interest winch c.eacS them
far above pari,2amshP-thc hrPrreo!icai pnhS q"
friends AID the equally sen-eless d"aunc"ions q c'-
moments usually pat forth oa such occasions, are no"
mere npcrtinencc which viii al ,,i!s upoE the pub
lac ear VIC have reached crisis powerfully cx-
planned bv the Governor, which s"nccs mere political
iroiiing and requires cooness caior and dc5"raton
from men OF all parties AID It IS in this spirit that VIC
refer to the Message.
FIRST as t. the Ranks 1t will be seen that the Go
vercor strongly cnlbcAes public aP:n;on H. varaus
"cg.l!nc for Tie UufTocc o! combining those IN
,in'ic.!s within ti.er legitimate liz - action. and 9"
rendering .heIa = .cf a.! rs !.ttic dangerous pos
sllr He takes decided @roruG against the urCGic-
ton of snaI! notes. either as measure OF temporary
cxpcd:crc. o. Of las;in" pocy--nc recommends the
amendment Of Bank CoHHi,Ss Gurra, with pawr! Il"
examine and supervise those corporations, 10 institute
summary proceedings, 10 take away charters when
violated and to wand up Banks which, are nsisonnd-
He advises lie passage u law TO compel the Banks
the Commonwealth receive cht ttit' Hot'
a. par 10 accommodate the public, and to render In,
Banks az it were, the watchful guardians oil each
other He is III favor of preventing Banks from
dabbling N stock opcratons-ot the abrogaiion OF
Tie proxy system-oi preventing the oaneiui pracce
Ct issuing post nocsnf rendering the power OF repeal
BY the legislature fundamental feature IN all Bank
.:,ar;y7- re aGvisc: Ina. the Ec gwen to Banks be-
fore the forfeiture q th"r charters after refusing to pay
their nol"s lie reduced from ninety thirty days-,ha
directors b. rendered porsonay liable t. 1ank ISSUES
under .her direction. whenever III" circulation ani &C.
os:i,s exceed three dollars to one OF specie IN thor
y.nl. II j. recommended iiin after ccra;;: period.
saY one wear, no Bank be allowed 20 issue notes ot Il
less Denomination than ten Goars-hat Banks S::i!
5t io-c than per cent. and that the law
prohibiting dividends daring pcrl"ds OF suspension be
made more c.iectivc-hat stockholders be made per-
soaaIy liable for the notes Of Banks If tic corporate
fund be adequate--,hat connection between Bank
and State be dissolved BY In" sale oI the Stat" interest
Banks, with other suggestions for u" punishment 81!
fraudulent breaches OF trust rs officers Of Banks and
r receivers. and ,sburscr. OF public money, that viz
nql felony OF Il, worst kind may cxp'ac is offences
"a the pcntent,ary ami t,r accomplishing other mate
RAJ ends
Thcsa suggestions, though a!mos "ycry la s
diSnr! theory on tue sUDcc appear I" liz 10 be such
as will meet with almost general appreciation through
out the State not IN party, bnt with all parties.
and will be hailed as last aordng distinct evidences
on the part Of the chief officer of the State, of DISPOSE
c;i oin heartily III the great measures OF bank re-
FORM not larshr too suddenly commenced, bat e!
tered upon IN rood faith and with determination 10
carry it out Violent resolutions in this matter
practicable and il that were not the Gaze, t!cy
would prove destructive and perhaps Sub"rrSvc OF the
grea, objects in view. On this pcImt, the Governo:
mile fully meeting the demands Of the time, puts tcrh
number Of excellent observations, and shows that nc
has carefully studied and Understands Tie matter III
all Iis bearings
As ,n resumption the Governor recommends Gang
IN cariy day and rntimates TINT perhaps graduation
IN ID > matter project worthy 81 consideration. i.
inns last respect t!agr probably rc"nccs Of OPP
mon iaaulgcnr"s regarded : %! c1cu.at"d t.
pro,rac inc c"il and liz public wish appears % he taa
the timr ttr complete resumption slod!d ," ncXora1!y
! fixed that sound banks anxious 10 resume, may u
enabled 10 DO So and that when incurah!c weakness
eAists the insl:,",:ons afflicted may BIZ wound up
and withdrawn from field whcS tie only cucumber.
We speak Of course sectionalv for here tie protrac
,cn indulgence Of suspension in any way, Is felt as
oocratnr with injurious effects l. keeps ii
nj complete s,and.s.lli, and sacrifices Of con-
s:as. ~" na mi ado preferred. 10 situation which
keeps The CT; from the trn" starting point Of recover
II addition t. the references aa,." made, &c cannot
~ from this E,---, without smoking l., rs Hnl..
=, l. ,,s Of the manlg stand !akcn b: Gov. Porter.
70 matter STAT" pole tic management d lis
Pc, ia. a1j~s r. cotrlgeo.%i: ass'l,o; ncs't"n
from 1T. cn there bat few rilcn wEO would not have
.i:t,: tie ays hare ~ -ubl!c eye the results
Of 81 the errors heretofore commtcd-tcars of the
cu7ta.; Of deception which has been artiuy u!c.-
posed between The people ard lie mass OF =, which
..aGo"dcat ] !Slat:un has heapcd upon them, and
distinctly takes the grou.d that tie day Of eternal
borrow 10 is oast-tiat loans for expenditure anG
loans for increst-that tratcking, trading and dcdg
ing are TO Ge resored TO, and that, with
fall reliance upon the good sense and integrit"
cf the citizen, system Of direct taxation should
be rcsortcd TO- way that the demands !c- Interest
may be met. and that sinking iand may tc cons,;tut
co to discharge the state ob!iga ~, until the i&co:;l
of the public improvements may render .@Ncticn 70
lon ger necessary. Governor Porte! N ths ms set
example lu!l al oroi and bo!Eess 10 the whole men,
and for lh:s alone, if ther, other c2us-s OF
c0agra,uiaion. his election is atter u JOY TO the
patriots Of r-nns r!:nm'a.
Orr remarks are however, CROWN. beyond all
sonablc limits, and must therefore refrain from fur
ihcr comment feeling every assurance ;ha. The Mes
SAGE Will receive that close attention 20 winch 1t
well cnttlcd.-fcaHsy'rdHiGr
The Na,vaal Gazette VII! understand that refer
ence 10 ookn: th:oa2h ra.;y sIcca'.cS referred not
mrcn t. The al cant partisan phrases, such IS
"iocofIco and such small shot. which psti,rs but
never hurts as u t!:t propensity. from which
not altogether eXonerac cutcmpGrarc, . g"c N
different matters political twist 10 make parry cGbs
Of matters IaY:nG pa.:y connection. and 10 vie.
primo piles. upon cil abstract men; but witi Te!rr
aEcr Ia ;!c advancement: OF some particular c2"sc
FOR instance, ii coed partr. when wc talked d: reform
in the general policy Of the state winch. upio hc pre-
sent time has been sustained and pushed 10 extremes
bv all the parties in il: and again it cdriousiy enough
managed Ia attack the Administration, in speaking
Of New Years row in New York, as:ailing the Wash
inmton Globe in the connections and by US curious
process OF reasoning under on. notice.
il charged the "Presdcnts Gazette, il was pleased
10 term the Globc with having demoraxrd The pnblc,
and with having in effect, caused The "iicok Iowdrs
Of New lork-tlc ruiiians, thieves and uttcrcrs of
counterfeit moncr-suci rs 10" ;Cc!ly @a'n Arns;ron.
to get drun: ard break peoples heads and tavern
glasses on holiday nights But whc broadly assuming
.hp t,,,,
actual and direct demonstrating tendency Of many O: The
presses its SIDE OF the question IN panic times
and CT other occasions, wngn with ''drencss familiar
% their sarghtcrous thoughts, they talked Of nothing
bur civil war Of blood and dsatl-comnitiees of ten
Observation-Disclosures Capitol !ii!l-pIsto!s flashing,
dagge-s cleaning cutters Of blood, and Other gentle,
law.abd!ng, pcaccnble proceedings. Il also neglected
to audc 10 the Viii. print upon the immediate scene
of action which caused the sWood Row., the Cillcy
duel and disturbances without Number. Nov po-
stnn is simply this-ta! 20 ccnzdrc one division q
the p-csg when such loads Of responsibility of . cha
racor similar that complained oil, are hanging hca-