Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-12-15
From The Richmond ~ dig.
COL. RANDOLPH AND THE BANKS

II the memory Of the people Of Virginia. back IL
tho of last year. MIR. Randolphs arrangement oil
the Bankso cur,ang their old acconmodai m debt, wi
sound strangely lhcr,ars That they had been cfml-
nay rcmss IN their duties III permitting that debt 10
cumulac, and IN taking step To dimiash it. eonslItu
ted the prominent topic o nvcctve with all tho
who have horaneued the public upon The nbomnaiion 81
the Banks With view 10 them to curall these
very debts, session after session. Committees 1p.
pointed specially charged 10 inquire into the state of
cry mans account aud expose to tho public thar
the world might Scr by the extent u the slow accolno
dalton paper The gross Jolly aud ayoIt!sm VI tho Danhs
and the elec, thereof their unworlhincss Of the publ,
confidence. While this immense accommodation papc,
existco wash the Banks ud not con,ioi, WAS i'm.
possible, $50 It was alleged Tor the Banks 10 resume
and maintain specie pay mcnis
This clamorous war WAS continued until last winter,
when the Legislature closed by passing act requiring
the Banks to resume specie iynicnts by tho Isl OF No
vcmlcr. The tow ol IFS. who considered this then
der existing circumstances, mpoitc and unwsc, nrged
that the Banks would, 10 comply with The rcquston II
the Legislature b" compelled 10 draw in their issues IL
contract the line Of their discounts aud p,oducc the very
pressure complained Of We advised, that inst,
Of requrngspecie payments and consequent contraction
of tho currency. tho Legislature. looking the welfare
Of the people, had better forbid resumption under heavy
penalties But this was hoo,cd at by the Soomons OF
tho Iocof,co party. In their blind rage against tn.
Banks, they could not that in forcing the Banks IL
collcc, their debts. they dom those institutions
essential bencG, and depressing tho people Rcsump
,ion, they would have, cost what il might; and the cx
ungushmcnt Of old accommodation dcJ,s was an object
and dear to their hearts,
The Iocoioco policy prevailed. The Banks were
coerccd into resumption, mud required TO call IN their
debs. And now, they are subjected to gniuadvcrsons
aud threatened with punishment fr dong tie thing re-
CURED of them. aud that, too. by the very men, who 10
sued the order This Is worse than Turkish Justice
And how stands the case with the gentleman who
prefers this complaint against tho Banks, for curlaing
their debts Is he ad,intsrcsied par.yl Arc his with,
..s rung y the action OF the Banksl Arc his accoln
modaons infrnged upon, and ia il his own suf rings
which his patriotic cutlery Even admitting H.
is there any usc, or reason in his Glamour Has he
not had his I'll Of The Banks Has he not had nc
comnodalion at Bank from 80 10 100000, dutin the
las, IS years and lac moi now III possession Of sumo IL
or $50 900 accommodation Is II this in all reason
enough for man Is his stomach capacious and
Unsuitable = the great Deep Doris he want ALL and To
keep it always2 Is this Democracy IL there any
quality or justice III II
Buithe Banks have curaled his long standing debt
aud substituted for his invaluable, well secured paper,
The cpLemea, 60 DAYS, yaueess paplcr Of citizens OF
Richmond This Is heinous offence, doubtless, aud
have not word 10 say in mitigation Of its cnormy -
If II be true.-1he snecr, however implied in the
saon, upon the citizens of Richmond, cmnn1ting ro
high moral source--fTom whose irown is ruin.
aid whose repoach damnati0n, wh0ns il falls.
must be CALLING exceedingly 10 the poverty stricken PEG
them not blessed with super ahlGalce Of the good
things Of this wurdhey arc not uYcr-5crdcned with;
wealth, and have splendid lndei prlnolpalitie.
but in ox,enuaon Of their crime of poverty be
legged, that they never la hcs0oJ luck - administer up
broken estates, orreawd the proceeds Of patriotic SUD
scriDUn.
The II dcssed object Of Mr.. Hopkins lbs alton. Us
cxpoundod by hlr Randolph, is aako the 5aahs par
machines and 10 introduce jJrcctrry which will
extend the nc Ct accommodate discounts. With Mr.
EdnunJs, ween,irey concur, thar these institutions ought
IN any shape torn to be connected with parry. and
that they ought " be confined strictly 10 business op0a
lions !! was their departure from this rule when temp
Cd ~ Gen Jackson. with The public dePosltes, WI e
overthrow their credit, aud produced 50 much ?, oil
mischief That extensive accommodation paper Is at
with the first principles of legitimate banNng-and tina
if INDUCED aust lead suspension. is too lnanii ,s 10
argument Mr. Richie has already announced hat tn
Banks will aol assist him any longer Mr. Ranoeip h, IL
SUBSTANCE makes the complaint from wcin 1t IS Il
bo inferred that both he and the Junto "har6 run.
and relieve their necessities the interests u o.het PEG
plo and the interests If tho Commonwealth are all 10 b.
sacrificed and Directory to be put into tie Baaks VIII
will give them much money Us they want They ar
entitled credit foe the franoss with which tey avow
their designs and freely award il. Bat il they
led ia their object and Directory be installed. pledy
ed 10 loan the capital Of the Banks To political favor
,es and for indefinite periods the stuck Of those ns
tutons must. Of speedily aud greatly decline ii
value. In twelve months, they will he like the Ceorgii
Pc,-1!h nc: enough specie y bny an lses lre.ni.e