Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-07
tFron nc o!el caliics,hs ;4ir,rtt,er.l :.

SUSPENSION OF TIE BASh bf Iiil.i-i,Oihi.'
The Bank of Chllicothc stopped paying specie Tor
their notes. on Monday last We have, at various
nes published abstracts from their monthly state
ments which have uniformly shown gradual increase
of specie in lis vaults and dmlnuiIon OF notes III CIR
| cnlaon: until The specie in ITS vaults lar more l'ah
doubled its circulation The published monthly state
men Of the Bank for the first of this month"; shows, thai
a, that time the notes in circulation amounted 10 Soo,-
SOC 49, and the amount OF specie IN lis Vaus was
Sl5l ggI 81 Wherefore, then the people VIII ASK,
does the bank refuse edeemng its notes. when the'r
means far exceed The demands mat wou'" " i'ae
by the notr-hoders: -
NJ, A BARGAIN! A BARGAIN Tile State
Fund Commissioners have been authorized to borrow
about TWO MILLIONS ASD 4 HALF OF DOLLARS lot IL
nslinr The public works, and these Commissioners are
ULios The Bank Of Chlliicothe has, We understand,
aGreed TO lend 10 the State Of Ohio nuSpKED AID
rIcuryoyE THOUSAND DOLLARS OF their own paper
and forthwith suspended. Now, it IS very evident,
that the Bank could lend haf million or t'co millions
and n haf of Bank notes. if il ls not compelled 10
redeem them The Bank now have an oppor
tupitv If selling one hundred and fifty thousand
dollars Of sprcie al premium of about rirrEES per
cent which will n, axe the snug li,tlc sum Of TWENTY
THOUSAND FIVE Hu3DREp DOLLARS. But this IS only
little spice money. The interest of the loan $50 cali
ed) at six per cent, would amount to THiRTr-fouR
THOUSAND EIGHT HUNDRED ASD SIXTY DOLLARS 4
YEAR Why say the people, that - very easy ano
quick method of making money. Why are not ace al
lowed 10 issue notes and draw interest on them and
susnend like manner. nc WIN uoclIlHe -, WAT
villa, would be dishonesty and swlndiDg IN an indiv-
dual is converted into fair, upright and honest bust
ness transaction BY the sacred charter of a bank
But, say the people, is il right that we should be
taxed To paw interest these bankers for pa
per promises, which the banks refuse 10 redeem =
Certainly, say the Wings, bankers cannot get money
fast enough bv honest banking, TO live in splendid and
expensive style, style suitable 10 their high station in
society How comes that 10 pass: say the people We
thought by their building log cabins in the midst Of the
cities that they intended 10 live IN plain and econn-
mical manner like W farmers. You are very much
mistaken, say the Wings. The building Of log ca.
bins was only to gain the eectonand enable bankers
and Spectators 10 swinde the people They are all
pulled down now If we had known that, say the peo-
pie, we would never have have voted for them. But
we will not trust these Wings, when they 60 round
the country making speeches again
1.-THE Cashier Of the Grard Bank Of Philadelphia
has received from George g. Hail. Esq, Cashier of the
Commercial Dark Of New Orleans, letter on the sub.
ect Of the late extensive s%indlng operations, from
which the following is extract:
81 wrote to you the 18th instant advising you that
had knowledge Of what you referred TO in relation
to Mr. Draper find that imposition has also been al
tempted the Bank of America, New York. Two
certificates of deposi.e of this bank issued to Mr. Ro
bert D. Mackey for small sums, presented 10 US
yesterday, and this morning for payment altered in
very ingenious manner 10 $4,000 dollars each one of