Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-04-13
e, 20 0O0

heinz an average Of Sil 900 each Joint stock rail
road and corporate companies, owe large sums; other
smaller debtors make up the whole sum, every little
of which is mercantile paper II follows they are al
desperate spectators, who exist only IN state OF iase
confidence and they must have their credit kept up by
conceanent in order that they continue TO prey
unon the industrious and frugal. The public will not
submit to this The list must be published 10 the world
that noutv may rest upon the right shoulders, and the
regular merchant be protected from the designs OF the
gamblers The rest of the report presents slckenng
detail If carecssness extravaganza, exoron, dshon-
estv and unprincped conduct of all kinds. The only
wonder is that the concern did not long since explode
and instead of beng surprised that the capital Of 5oOOu
900 is entirely sunk, the only wonder is, that any OF the
liabilities can be met.
..The whole developments show the utter rotenness
and corruption that have crcpt into the Banking Sys-
tenn IL IS now breaking down by the weight OF It's
accumulated iniGultles II has degraded the country
corrupted its morals, and ruined MS trade and the peo
pe viii cast it off In this opinion, we are glad TO md
that wc are hacked by that Of the new President, Mr.
TYLER who in his character Of representatives, IN a
discussion which cnsued in the H. Of r., upon a
motion 10 appoint committee 10 investigate the affairs
of the old United State, Bank, gave tho following OPT
Mons of the Banking SYSTEM
one, enter my protest against the bankins system as
this eoun,ya system not I. be supported by any
principle OF political ec"n"my gross deisl""-n,
M, morals society than any thing elSemrh has introduced
struggle Tor wealth, instead Of INC honorable Struggle wcl
which has made The hlsbandman spurn his and nitro
duced spin, Of luxury at variance WIN lie simplicity OIL ou
Institutions .,Il
And vet there are who are anxious to establish
another money King OF such tremendous capacities oI
mischief besides ,ranplng under foot the Constitution
of their country--and the Wings are boasiing, tina
Mr. TYLER himself is prepared to sanction such an IN
stitution, and will sign the bill. Inc very spirit o.
inconsistency could 60 no further
All vet has not been told about this Pennsylvania
Bank of the L. S. "A the officers and clerks OF the
i a - I,ac afnrs
Bank to secresy--and one oil the speakers
moved as lie sad al the instance OF one oil the CLERKS
that the obligation Of the oath be raised By the meeting
"A very silly requcst,) and that they would then dI
vulge much more than had yet been told. vi course
the desired resolution passed, conhning however
Inc DEVELOPMENTS TO be made 10 the committee 81 IN
yes,ra,ion and the directors OF the Bank Resolutions
were offered denonncing Bddle By name as everything
that was vilc and when read received by the meet
inu with the mos, deatenng applause--Severa OF III
associates were spoken Of in the same STRAIN In tht
course OF the discussion upon this, clvll SUITS cfh'
nal proceedings, DR. Dyout, and Cherry iihl, wer
terms not mtrequen,ly called into use The matte
ended by auhorslng the officers OF the Bank and th'
committee of investigation to institute enquiry, con
suit counsel, and, if need be, institute suits
| The adjourned Meeting Of Stockholders OH Thurs
day last came TO the Resolutions 10 reduce .hfous
the agency of the, Legislature the capital to fourteen
millions and 10 have the loans TO the State and thu
sums paid TO the State reduced to the ratio established
for other Banks.
To change the name Of the Bank. To restrict tn
mode of voting by proxy.
To protect by special security The CiFcua'oh DePo
sites, and Post Notes of the Bank.
To contine its banking operations to Philadelphia
! &c, &c-Thc Stockholders adjourned over TIL is
Tuesday in May
Governor Porter has vetoed the Bank Bill late!
passed by the Legislature His protest is an admlra
BILE paper 1t is stated be acceptable to gentlemen
both pares-and it is said that the bill itself would no
have been generally acquiesced in by the Banks Q
| Pennsylvania.