Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-24
Their. But, SAID Mr.. D deny that the resumption

Ioi specis payments VIII brDg upon the people l'ii
pressure and distress, of which gentlemen speak TIE
pressure and distress is already the Bank
can make II by their excessive curta!mens, and d.
NAL oil aid or accommodation 10 the people OF ;hc
country lie meant the industrious and prodncir9
classes oil the community, not the money dealers
The stockJobbcrs, the spectators, the bankrupt mer
chants, q IA gcnnS, and all that race--hat hoat
ing population, which upheld by the BaHks, ard
Ike drones III the hive prey upon the people, the p.o
dncIng classes, and deyour their substance. Yes SIC
tue Banks have done their worst they have oppressed
and borne down upon the people as long Us II can,
long ii tc he endured: and all 40 donbt under the
pre!ence of preparing for resumption Well then, III
the people have the fruit, the benefit the reward, G1
their long sacrifice and suffering Let them have
resumption, and | warrant, you, MIR. Speaker, the
VIII be change Tor the better-A Impulse Wi
| be given to business and enterprise of ever sor
confidence will be restored, money will
from It's hiding places, not oaly from III BAN
bot elsewhere; and competence, quiet, un,. uyn
ten,meEt will be once more known in The land. And
Why not the Banss ready and willing 10 resume
They have been in state OF suspension since
81 with the exception of short interval The peo
pie sraened and oppressed as they haze been, have
manned patient and orbearng, and the General Assem-
bly, have been liberal and ndulg gent to extent most
extraordinary and unmerted During this time
Der OF relief laws have been passed for the benefit OF
the Banks, and sundry days fixed on by the Legislature
for resumption; and what good has been effected
How nave the fobeaance of the people, and the boun-
" ana indulgence their representatives been
Quilted by the Banks' Why, SIR they have deicd both
the Legislature and The people They have refused,
Notwithstanding all the indulgence and favor they
have receivedD 10 comply with any of the laws which
have been passed fixing on days for resumption. And,
Sir, IL is evident from their showing from the few
secrcts Of their prison house that have come 10 our
knowledge that they are doing nothing, and have done
little nothing for several years to put their house in
order to resume. Sir when are we expect tha; the
Banks VII be ready, or rather wiling t. resume' They
have been allowed years since 1887, 10 prepare
for resumption and they still tell they not ready
And what is the reasoI the true and secret of all
this stubborn and unwarrantabe opposition 10 resump-
tom Is because the people in debt TO the Banks and
TO suffer curaiment and distress the event Of
sumption: No. Sir IL because Of the heavy indebted
ness Of the managers the directors and officers Of the
Banks To these Institutions, that occasions all this
strong aversion their part 10 resumption The do
cunents which the Banks themselves have furnished
ns shew that the direct indebtedness oil the directors
alone is five hundred thousand dollars, and there
little doubt that the ene liability OF the directors OF
the Banks all scores, members ot firms aud endor
srs, including their direct indebtedness, does not
f2l! short Of Two millions of dollars, 10 say nothing OF
the Immense debt of the stockholders, something like Il
million and half and the debt Of the officers exceed
inc one hundred thousand dollars. Hence, if the
Banks he required to resume, the curtanen. and dis
trcss wall fall chiefly them, the Bank managers and
officers, and no. the peopelt will prove measure
Of relief to them-the dawnng of bright day. He
repeated that he dd not believe that the people of the
country were indebted to the Banks TO any great ex
tent. lie would not presume to speak for other coun-
ties. He would, however, undertake TO say, and he
fel, proud in believing himself authorized to say,
for his own constituents, that he did not know OF
sirr,e individual, and he did not believe there was
an individual i'll the county Of King William who owed
the Banks dollar There might however, unknown
To him. be few individuals in his county indebted To
the Banks but if 80, there very few, and the
tlarob p1v han
the amount on depose in favor OF citizens of that
county This tho no doub. with other coun-
ties lie had heard gentlemen make similar statements
in regard to their respective counties; and lie was sa-
sied that all this that Ind been raised about OPP
pressing the people by resumption, was mere humbug,
arran, humbrG, gotten 10 screen the Banks them
selves, their officers and propreors 1t The people
we're really in danger of increased oppression, these
soulless corporations the last sources from which
sympathy and assistance might be expected lie you'd
as soon expect tho ravenous vol guarding and
nurturng the lamb. Sir there can be no excuse, no
,rood reason why the Banks should not resume. They
were good condition now TO resume, as they have
been at periods when they were paying specie. And
if they were not ready now, after beng allowed i've
wears TO prepare he satisfied they never would be
reodv and never would be able 10 and pay their
debts And why put or he evil DAY any longer The
il was nostponed the darker and more disastrous
ii ouId be- whcn arrived twould be far better that
the Banks should 20 into liquidation at once, gradually
GScrentIy
,iod m And let US break up this old and exerrable
system of banking, and establish new and different
system in which the of the Bank shall be made
responsible for the promises of the Bank
Mr.. KEEN said he should oppose the motion indei-
nely 10 post ponc although he did not desire the bill
to pass the House in lis present shape X seemed to
he particularly framed TO regulate Banks by those
If MARYLAND and Pennsylvania. If we accommodate
our action to that Of factous Legislators in Fennsyiva
MIA and Maryand he knew not hat would he the con.
senrence for they might choose in the uness ot their
wrath AGAINST the Banks to destroy their Banks, and
we by the same course would destroy ours
Mr. X said lie was the friend OF the Banks-and he
,y,s f,r amendnr this bill, TO have them resume
when they were able, and not when the Banks III other
States able 10 resume lie was not acting ior
the convenience and relief OF the people in Pcnnsylra-
na and MARYLAND but entirely for the good Of the com
,n;,v winch created the Banks. lie could not con-
sent TO postpone the blI for he did not wish when tie
business of this session finished to 20 home and
,bsn come back Immediately. And il relief was not
noy glvcn to Tie Banks, the Legislature must be re-
called before August
Mr.. HOLLEMAN rose 10 make an enquiry-Does
the gentleman suppose that IN case their charters were
for:a,ted the Banks would resume:
Mr. X ZEN said no. he had not said so. Bu; # bur.
deus erc placed the Banks, The people would ieei
them-thay had felt them SINCE lcjI, aud would con
,,nue to feel them, long rs rIgor was exercised 10
ride The Banks lie protested against any further
nj, in the end He was opposed to the indefinite post
ronemenl OF Tie bill and hoped It would he amended
So as To 20 TO The country in such shape as that 1t
mi rht give relief to the people
Il might be SAID, that those who voted to relieve the
Banks we're bankrldden and class such and such men
as bought; but if the bill passes IN IT'S presen.
shane. the people viii suffer, and they Will know
whence comes the suffering. He had, he said, some
amendments to offer, which he hoped 10 see adopted
Mr. BYRD rose, he said, 10 prevent debate. me
gentleman from Pnlsylvana had coolly Remarked mat
the motion for indefinite postponement wonld not pre-
vail He would call for the previous question: i'r
he was not willing 10 consume time IN hght'ns mo-
ton which was merely shadow. ,
The motion for the previous question was sustained
and the House refused to postpone the oii-ayes '4'
noes 80. ,.,;,
Mr.. HOLLEMAN said, he had risen TO suomi
few remarks to the House, in explanation OF MS WV
in reference this bill, and the mportan, suJec' WIN
which it was connected. A>nad generally oeeh sup
posed that this bill from h'm-such ne assu'e1
the louise was not the fact His PROJECT had peeh suo
United 10 the committee. but had been nucn
OH sedt hi; much, he Wouu present.