Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-29
{ From the ". J.. i.r. POST.

(fron, nc y: fsst.l
A NArIoyAL BANK -Subjoned IS the abe remon-
STRANGE of certain members o. the Chamber oil Com
mcrce in this city, against National Bank. Il IS 10 be
remarked Of it, that there IS attached to III The names
of thirty members which more than the NUM-
Der of persons who voted in favor OF Bank al The regu
lar meeting Of the Chamber. Nor toes tins list com
prise the names Of all the members who opposed 10
a National Bank
TO The Senate and House e Representatives, 81 the T. >
in Congress assembled:
/ The undersigned members Of the Chamber Of Com
,nerce of the CITY Of New York, dissenting from the
views expressed in memorial adopted ny Tue innJoy
of late meeting of that body, urging upon Congress
The incorporation Of National Bank, beg leave re-
specially, but earnestly 10 demonstrate against lhe
creation of such an institution
We cannot recognise the necessity Of creating spe
cal agent 10 manage The few and simple hsca! opera
tons of the GoyeInmcnt-:ie receipt, custody, pay
mcnt and transfer of its moneys-mien business pre-
cely similar constantly transacted Tor the individual
members of the community and tor tie several STATES
through the existing Banks, private bankers, mer
chants and brokers' 10 an amount vastly exceeding
IN any pyen period the whole money transactions Of
The Governmcnt. And il we should concede that an
institution whose powers and action were confined
strictly 10 the money affairs Of the Government might
be free from some Of the objections 10 National Bank,
we would submit that those who jusyits creation sole
IL on that ground bound to see that It's purpose and
rossbc exercise Of power rgdly restrained within
those limits.
The endeavor to regulate the foreg and domestic
exchanges BY any artificial device OF thus nature, we
cannot but regard being dixie many similar schemes,
now exploded for managing, by legislation, matters OF
trade that best governed by their own natural laws
and which, in spite of all efforts to the contrary, ~
be regulated by those laws yrannous IN design ana
impossible in practice
Another purpose for which such institution IS
souuht is as a regulator OF the paper currency IL as
The odrocatcs Of a National Bank mantln the ma
If t,p nj re currency
NJ In. country be sacred duty Of the General 90
verpmeut then we submit, it is too immense power,
and loo sacred trust TO be delegated And We submit
IA rther that 10 place 50 tremendous power IN the
hands oil small number OF persons, such as me ufec
tors of corporatinn who, while they exert d,rect
and controlling influence the happiness OF every
individual in the naon responsible Tor It's exercise
onIv 10 few stockholders, is utterly inconsistent with
The spirit and subYcrsye Of the OBJECT OIL our Hoae VI
Government.
ncrence Of The mast Experience always, but IN TINS
case peculialy valuable II EXHIBITS, III the cleares
manner, the enormous abuses to when me po"e,
LODGED in such an institution may be prrvcrled ana
the danger for the future IS much enhanced ~ .',e
pathway OF crime and wrong having oee" aiedu5 pun
ed out.
~ national charter were sufficiently abundant; but II
is idle we think, 10 separate. 50 completely as some no.
he continuance of the bank under It's Stale chafef
For, ts nrevious existence 1t did not cease tor
day il continued under precisely the same manage
men the changes that took place. if any, were mere
chances in name and in form The only difference IN
substance was that the State bank had not the caso-
dy and use fthe public money and this confirms 'e
belief that the public deposes were of far more use IN
SUSTAINING the bank and the interests OF ITS stochh"d
ora than was the bank in promoting the convenience VI
advantage of the Government.
In conclusion we submit with perfect respect ano
in ali Difference that the question OF exercising 20
mnor,ant power about whose existence such grave
and general doubts prevail, the Legislature Of 'i,e
country bound like all agents, TO regard scrupuious
the terms and limits of the instrument that constitutes
their authority, should incline to the safe SIDE and e1I
rather in stopping short OF, than in exceeding It's sup
p B. Aymar, Mortimer Livingston, Jossth WalseT
George Hussey, S. }. De Ruyter, Reuel Smith, Ste
phen Johnson Henry Smith, Lorn Nash, Prosper W.
wsmo!s Henry EarroU NJ w Lawrence, S'@p p
S,las Wood, VIM Nelson, Maitland. Kennedy y 20
De Ram & Moore, Eli Hart, J. j. Boyd Moses s,. iay
Tor. c. H. Rab.rg, Bache alcEvers, II. nIcnoh'
Daniel Trmble, B. L. Woolley John d. Van h Se
John H. Rowland, James Lee s. Co, mm oV Nam
berain, A. P. Pilot, John l.. ii. Meofackeh' ""'
Banks.