Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-10
RICH MONDE:
FRIDAY MORNING. DECEMBER 10.
The Bo,k, and IA. Loeo,.

The Banks and fhs Loe0s.
| We have heard much from the Loco Foeo party
about the evils OF an irredeemable paper currency
OF which, by the way, they are the authors; and
they led the world to believe, that If they only had
their way, they would SnuhilSte every non specie
paying bank in the Ccnfederoey. wsare happy to
find that the disposition prevails among the whis.
TO yield to the LoeoS in this particular, and take
them at their worG-cive them full sweep, and
bring their sincerity to the test II, they told the
people, they, above all thirgs, abhor suspended
banks, and il they spoke tbs TRUTH in charging the
Wings as the exclusive bank Party-let them have
rope and redeem their pledges, and make good
their accusations. We believe the Wings can stand
the screws pretty nearly as we'll as their political
opponen,;-at any rates, they are willing to make
the experiment, It their opponents will take the
sponsibiliiy.
The following address to the Wings OF the Legis-
lature indicates the true Wing policy. The wings
have permitted themselves to be made the victims of
this despieabe slang long enough. II their oppo-
nsnts be the anti Bunk men, they profess thsm.
selves let them shew it. Let them eoerce The "im.
ulsdisis resumption" Of which we have heard so
much, or henceiorlh and forever hold their peace
They mus, do this, they must confess before the
people IN the Spring, that It WIS their own fault
that they have made false professions and libelsd
their sdversaries Tbs Whigs gre ths SOi, suJjset
up to them.
| To hs WAis Parry in tie L,st,lafurs rf TIrsi-is
There is subject likely to oscuPy the attention Of
the Legislature a, its approaching session. which is
OF the deepest moment TO the Commonwealth it
self well TO the great mass OF its citizens; and
to the futur. condition Of The State, land perhaps
the country,l 1t is probably more important to de-
termine what part you, as party, shall take IN its
decision-l mean the Bank Question no, the Uni
ted States Bank, but your own State Bank system.
Fos the last nine years. we, the Wings, have
borne all the odum and responsibility of sustaining
what has been called, lsnd perhaps truly catH ~
rotten and worthless currency ofrag money, broken
down snd corrupt system Of banking, in counte.
nancins and iusIIfyng suspension OF specie pay.
ments-whIls our political adversaries have claimed
credit for disposition they never entertained, il
they did would never have practsed, Of correcting
all the abuses complained OF, by eOUeIHg a resumP
ton by legislation, or Of winding up the whole con-
Germ; in short, We have been reg lrded the eIcu-
sve friends Of Banking, Of monoPoIie', Of priviIe
gei orders, and, doubtless, we have sustained much
injury, and as many defeats, from the influence OF
these charges from any other, nGd all put
together.
We rarely look AZ the proceedings Of county
meeting of the other party, that do not find
solutions strongly condemning The present state OF
our Banks, and recommending speedy reSumP-
lion to be forced by legislation, or a general wind
ing Ut, and they are, not unfrequently, published
with remarks Of appreciation by those who are
erally interested in their continuance and who, as
debtors TO the Banks would suffer the greatest IN
from such course. Now, why is all
his donel Assuredly for effect: They have no
dea Of winding up the Banks, they are too sensible
IF the dreadful calamIIIes that would follow sure
y as night follows day-but they think the wings
will heretofore, step in with their usual bodness
and magnsnimiiy, without reference to political con-
sequences take the responsibility from their shoul-
ie.s nd looking only TO the good ofthe community,
esislaie as their wisdom, and il might perhaps be
,ad their duty, might dIrect;-but there is present.
and Interior object be accomplished, and the ques
ion here TO be decided is which will be productive
IF the greatest amount, and most lasting benefit.
ncne TO the latter, and, therefore, concluts, that
he path Of duty points IN that direction
As long as we permit them 10 ugi.ate the cues |
ion Of monopolies, and privileged classes in this
State to our prejudice, long, in this Slate,
shall We be subjected TO Notifying defeats, unwse
.ounsels and distracted legislation; and the only
means of putting a termination ~ these several
evils is, by opening the eyes Of the masses TO the
ypocrsy and dup'iciIy that have been practccd by
hat party, on uniformed and prejudiced minds,
rom the FIRST moment the party was originally or
,anzed
How is this TO be accomplished / answer, by {
hrowing the whole responsibility on them In a
word, by unmaSking them. Our friends have been
passive, and silent on the subect-whilst they have
lamorsd and rallied, and sworn, and threatened;
some recommending and demanding instantaneous
resumption whilst others have called for the entire
destruction Of the Banking system. Suppose you r
let them bring forward their several propositions
Ind night 1t out among themselves. I npprehend,
hat parties will be found pretty nicely balanced in
10th Housss-ihey with tie, il not a certain maj
ity in one House, you with tie or probable ma {
ority Of two in the other. Let measures be sug- {
,es:ed by you, and they will bo met by adverse
propositions from them, but they will take care to
ct yours carry by strict party VOTE and then rate
You for it a, the Spring Elections. Now, II were
member Of the body, | would resolve to take no {
part in any proposition coming from a Wing men,
,e-,-I would surrender the whole game to them
and let the President Of the Virginia Bank and the
Editor Of the Richmond Enquirer, play il out. ri
hty are TOT winning up lhe BANKS, indulge them IN
{! We can stand It as we'll as they-T hsy are
or immediate resumption, he it 50: crafty them in
hat. When that party pay up all their obligations
o the Banks, we do the same, and if we cant, q
ct US take the consequences. Ii they are for in
iulging the Banks in a suspension, whilst they force
heir debtors to comply with their obligations TO l
hem, LEI them submit the propostcn-and you'll j
lear no hereafter Of our being the Bank Party.
If might venture to advise those who have 50
much more knowledge on this subject than can
pretend to- it would be- to have no concern with the
ubjecl farther than might be Necessary to decide on
heir own measures, and by that means ascertain
Wat the wire.worksrs are really and in earnest for;
I must be attended with relief TO US, and exposure
+ them, and ultimate good, by consequence, to the
whole"
The Charleston Free Press holds pretty much
The same language:
RESUMPTION SPECIE PAYMENTS
During the tendency Of the late elections, we
heard much camor by the Loco Focos, about re-.
sumption by the Banks, and II is believed in some
Eases demagogues carried themselves into power
upon this hobby But we notice a very material
Of tone in some Of their presses and
leaders, now that the power and responsibility have
both passed into their hands. Some who were for
"Ingtnnt rcsumpton,n talk Of the matter as some
what distant, and the editor Of the Enquirer,
who wa orst ardent as young lover thinks i've
Ill n Il