Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-01


it, tive NIL Federaliss, all Republicans" | do
most cordially approve of that article in Con
sttuton, which prohibits tie agitation of any po.
litical subject at any of our meetings. ! do not
aspire TO the honor oil Il politician ut any time,
much less would do say any thing 10 disturb
the harmony of this joyous scene If, therefore,
election days and other suitable OCCASIONS declare
and declare plainly who and whit am, | shall stu
diousy keep ii out of view this occasion To-day
am . FARMER hut MS farmer have deep interest in
tho currency of the country.
ANY attention was recently called TO this subject by
an incident which beg leave to detail la,ely had &C.
cason To procure draft TO pay for some Northern stock
Ii was Bank stock, gentlemen hut hog slnck-berk
shire hog stock | went TO my bank to get it call
that mn bank, where do my little business The proper
officer informed me that could not get 1t, but added,
sry at the other banks, and you ia there, VIII ac
cou,noda,e YOU" The word "nccommodate made a
strong impression upon me, and went away congratu
lsting mysel! in having secured the favor ." 'ne man
Of the Bank NV application at the other banks was
fruiilpss one; so, | back again, and the draft
was made out in due form and handed to me Tor my
inspection But what do you think was the characlcr
of il; Ii was to be paid, not IN specie, but III current
notes, and expressed on the very lace OF IT, NOW
let be horne in mind that paid for II IN the very
same article current notes, and that too at premium
of four and half per cent. Now can readily an-
derstand why silver dollar should be worth more un
der certain circumstances, than paper dollar but can
understand why current note IN ~ fork, neilfer
than current note in Richmond. Merchants may un-
derstand this difference, but ! cannot The fact s,
that on this little transaction amounting to only S2oo
lost gil %, and the Bank made it. And this they
call nc accommodation. The truth is, IL took one OF my
best loads of huy 10 pay for this accommodation.
few more such accommodations would reduce me To
the same state in which the banks present. /
should have to suspend payment also.
ssSow here grievance; great and palpable griey
ance-which has taken Sl 25 from the pocket of me,
| IA moi pu
might ckeat much from some other person. and II
has gone into the Golfers OF one Of the great monled IN
stitutions of our State 80
"Nor is this the only in which we lose. We lose
constantly, in every instance IN which deprecated
currency is concerned. To make this PLAN, will
state case which occurs every day and every hour
in The day. The farmer brings hrs corn, his wheat,
his tobacco and what not to MARKET and sells IL ana
gets his pay in bank notes and II The price be good
one he feels very we'll satisfied. But why IS he salis-
| fled? Because with these notes he goes 10 the
me reliant and BUYS coat for himself and gown Tor
his wife, and fine bonnet with pretty rihoand on II
for his lighter, and perhaps gun for his SON Now
all this is we'll enough, TIL examine INTO II iiiie
more carefully; and when we do we shall lnu tiat
the merchant paid for these things Of he has pad Tor
them at alb in deprecated currency; consequently,
loss has been sustained, and the question IS, on WHOM"
will the loss fall Now, every body acquainted w'l:'
merchants ell knows that they are net such Tools as
to let fall them Ofcou!se, tails on Inc consumer
-
ont In be losing business Now here IS grievance,
n great and grerance-and what IS The remedy :
| remember, some years ago. whilst the late United
States Bank in existence, had occasion 10 trans
nit some money from this point to Cincinnati, IN oio'
went to the Branch Bank in this City, and readily
obtained draft for the wanted, Tor which PAID
twenty five cents The hundred dollars Vow et DC
understood that have nothing 10 do with that Bank
in political point Of view. Whether such an nsutu-
ton constitutional or not pretend not TO say; al lhe
nndM aGi
preme Court Of the L. S. say that II IS constitutional,
must think il pretty near 10 IT, But tins much
| can say: found that Bank very convenient thing
| You may stigmn,ize II as "the Monster you may
call j, "Biddle's Bank, or what you please-t"t Me
| Bank rhich rgudii:cs The eurrency-Me 6ahh Th,ch
makes mn dollar here equal another nun doar IN
any other piaee all The corld-s The Banh for Farm
ers If this Bank had been in existence, should not
have lost Sll - my hog stock
81 have another strong objection 10 Banks, as at pre-
sent conducted 1t seems 10 me- that our Stale Legs
aturc, together with large portion OF our czens, -
.completely sold 10 them. IL certainly argues very
badly for the morality of individual 10 refuse To
pay his debts; aud for great monIed institution 10
do the same thing, is much greater enoFinly NOW,
let the banks do they may, Legislature and
great portion Of the people ready to sustain them IN
IT. Some time ago our banks got into difficulty, and
/ TO their own language, suspended specie pay
ment.." q have often wondered why they use lie
term spccie payments; for, it well known that no
\ 0tner payment IS worm uultoHJ wen, s'S
pended is in plain gl,, they refused 70 pay
their debts. Now, suppose that l. or ono of y"n gen
| ,lemen, should do the thing. Why, the strong
arm of the law would immediately take hold OF Us, and
compel US; and with the loss Of credit, @c should
lose character also. But villa, IS the fact IN the
case of the banks Why, the Legislature is immedl.
a,eIy convened and their illegal act is made legal
one. At length, after taking their own time for IT.
they undertake 10 And what sort OF resump-
ton is it | call it mockery In one short
month, taking in the mean time to place their
notes at such distant points that nobody could avail
themselves Of the promised payment, they suspend
again and the general wish, so far as know, IS that
their present suspension may be a final one.
" B. also state that at subsequent point Of my
address, used the name of Mr. Benton in rather an
opprobrous point of view. intended It merely as
iest-but nasmuch at it reflected upon him personally,
sincerely sorry for it. Up to this time, have been
decidedly opposed 10 c1pungiag. am now decded adj
vocae for il; and evidence OF ~ hereby declare
that with 10 expunge from my manuscript, and from
the memory Of all who heard me, all that said about
Benton and his gold.
The roofs Of the Asparagus which took the premium
he Agricultural Show and FAIR the 10Th Nav.