Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-13
/ lass Of compromise and of fiction.

Il lass y COMPROMISE and 0t .fctt0n.
Mr.. Rntn, OF Petersburg has distinguished himself
az one OF the champions OF Resumption. In his Fur
Register, and IN his Baak ktormer-n his psstng
aud circulating the backs of the notes Of The Banks
some startling apohegm or other against the paper sys-
'en--he has shown the most decided determination 10
nng the Banks 10 their senses, and to compel faith
inl compliance with their homes, engagements In the
iiSt No OF the Bank Reiormer, lie has launched his
criticisms al the late "legslatvc indulgence 10 the
suspended Banks lie complains Of The change OF
position Of some Of the Democrats, on voting for a re-
Consideration OF The question the 18th of December;
ahd he inds fault with the bill which passed to
-nu indulgence to the Banks from January lst Si2 to
NE IS. April. From these transactions lie concludes
'hal no Pocat party, as such, matter what NAV be
= pretended creed and principles to be relied at
~ Tor opposition 10 banking abuses and frauds We
sheF essential ~ from this respectable Editor on the
CONCLUSION TO winch lie has arrired-and we state upon
"e BEST information, that some Of the Democratic
members, OF whose votes he complains, are as tho.
i9aghly determined as himself TO bring about resump
'l9h IN the course Of the year. They have scanned
ihe situation of the Banks in Virginia and they ore
honestly, decidedly impressed with the conviction
'na' whist exchange is against Banks from al.
most al points OF the compass, it would be safes,
ho' 70 iV'ce the Banks into an instantaneous ra
su''iploh, al the hazard Of forcing them into more
.lai saspenson but 10 give them more time to call in
si' ueo's, 70 save the community from Il pressure
IA e'ush huholeCs ana thousands OF the Peo-
e-ou' above all 10 give the Banks the benefit of the
!ie tobacco crop, winch is TO come to market and of
~'o'el wheat crop, which would then be ground and
1'G upon the strength Of these available funds
IN '"r me tanks to resume specie payments in the
Ina n ,s' pc 'aoc, IS the principle which some OF
Wow rh members voted This, kno,c, the
). "n'ch they take Of this snbject-and IRE kno1
u ~ DE as much determined 10 compel the Banks
resume IN the course of the Fall. on day certain, as
,n,. "u'n h,mseli can be. But Mr. R. falls into ST.
:. ne" q I've matter. In his last "Bank Reform.
IN )" 'i'ay las' he throws out the following calm
~, ,'oAeiaofr proposition:
m sioGid blame no party, nor individual members,
.4,noJ ~ FeieVe The banks of this particular legal
49,, against suspension. provided they would sub
some other more lcnent and equally efficient re-
been :, i"'s would be easy enough, as it would have
son ,''ie during the whole FIVE years ofsuspen
cop.<o "e ''eFe not having been adopted any such
TIA, ~ a''! party IN power, proves clearly enough
e,, re,s rug rqs IN fQror Of making the banks
80" &c" allegations. Let there be required
,o,t oat regular cu.tailment of all existing debts
ile, IN iofOid any debts TO be increased TO
no unless by dscounting real business notes having
case,,n, a" Wv days to run, without renewal in any
,enS,o, u permit no dividends t. be paid during
he b,a WIN these mild and Just restrictions only
teio DC sure 10 resume payment IF solrent)
n.o,.J 'Nhs had passed. Let these restrictions be
f ), LUZ maintained, and the banks might be safely
A., ss,se' 'hen own time for assumptions"
sl,' say we Let this be the basis OF action,
s /. ~ we trends Of Assumptions and all difficulties
Santa. - ah end DO not urge the Banks 10 All in
onya. fesump,ionbut spread their curtails over
q ,s. ,''le and larger surface and you save many
oSn c,sS aud considerable portion Of their
Banks ,,a from sacrifice of their all Give the
eaiuc. " a'as OF another crop, SO as turn the ex-
slys ,ba our iavor and place them If as Mr. Ruilin
pcio,. are solvent, and we have not Tie same sus.
ias,s ~ - Ky enterlans,) upon n firm and mistaken
psa., e'ner the State herself can aifogethsr dis.
Nyek @"n The dividends which will be due on her
Ion u,' ~ nave some apprehensons- that condi
TIN ! mol be essential 10 the object in view
Nr Ranks banks mus, make up in cur,ailment, wha,
one no, INN would call for in dividends But upon
he We differ with him. We are not for leaving
We ,ra 10 select their own time for resumption.
nal M, vi hSng day certain, beyond which they
:,s,,a" nv Expect any days Of grace We are for i'm
upon Them IN the most distinct manner, the