Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-30


States IL graft exclusive privileges TO this new
Bank during period of twenty years without any bo
nus, accagn: Of the two per cent. which we are IN
receive in ank dividends above the five per cent
,erest which must pay to foreign and domestic ca
paliss Cor the money which We are TO borrow to ena-
bic us To make tins very wise investment
Mr. Clay VIII the Senator allow me Moment
What SAID was that diskcd a bonus but that we
got bonus or compensation IN the excess oi the dI'-
dend beyond The seven per cent. winch we were To
put ina the Treasury of the u. s. | never SAID that
the trre between the five and the seven per cent
was to Lr tie bonus; but urged this TO prove that
it was no had bargain the part Of the Government
and in regard the bonus, that wc got that in pay
ment ri which beyond the dividend of seven
per cent.
MIR. Buchanan resumed. | should be sorry to mis-
understand Tie Senator and even, from his own eS
planntion, have misunderstood him IN terms rather
than IN substance In that portion of his argument
relating to bonus, lie spoke OF tie profit when We
should derive from borrowing money al five per cent?
and receiving dividends at the rate of seven per cent
Il now seems that the equivalent, for bonus to be- not
this difference oftwo per cent but the surplus prohs be-
yond dividend of seven per cent, which the BANK IS 10
pay into The Treasury This still more forlorn
hope for bonus than Ind mag med The poor gri IN
the fable with the basket OF eggs upon her head never
IN my Judgment, made more exravagant cacula-
tnn shall arrive at the point which relates TO these
surplus profits presently: but will in the mean time
proceed with my argument Before leave this branch
Of the subject however let me ask the Senator, even
if this new bank should he conducted with the same
ability as that Of the old, Which doubtless in his opinion,
would be difficult task, what becomes Of the two per
cent fund, which he calculates: II is gone-gone;
and the surplus beyond il, winch s TO be his bonus, is
in n still more desperate condition.
The Senator informs us that this hank stock will be
readily TAKEN and why he says there is great deal
of unemployed cari.sl in the country which is now
seeking safe and profitable investment; and this IS
doubtless the fact But why has this capital remained
unemployed II is solely on account of this SPECIAL
session Of Congress Had business been permitted to
flow in lis regular channels, had the agitation OF
Bank of the u s. been suspended: and had the conn-
try been blest with short of repose, capitalists
would ere this have invested their money IN such a
manner as 10 bencf, themselves and to promote The
prosperity of the whce people 1t is this eternal po-
ii.ica agitation and neverceasns patty struggle 10
which 1.-The called session has impaired new vignr-tha!
has locked up capital every where and has prevented
il from being usefully and profitsby employed, Men
of business can now make calculations IN advance
Every thing in the future is shrouded in uncertainty
and gloom.
Blu, will the real capital of the country seek an IN.
vestment in this Bank No, sir, never. Will tell
you the investment which it will seek. The Senator