Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-02-10
EXPLANATION.

EXPLANATION
We cheerfuily comply with MIR Ruffns request, in
lavine the following Explanation from the last Bank
Reformer of the 9th instant, before our readers
We have no desire to make any commentary
They will best Judge, whether from the extract
which Mr.. r ufn has requo'ed, we we're Justihea
- drawn, our conciusions-alr Ruiin asks us
now whether we would be willing to agree with
hun in the items of his suggestion We agree on the
nne mon,hs-oa the curtament OF the discounts
(which the Banks have already commenced)-on
the negotiation of no new accommodation paper,
and such we understand, to be the determination
or the Banksl-and on the penalties to be attached
70 The Banks By the limitation law-We would agree
as 10 the non.payment OF the dividends III whole or
IN part, If we could only see how the Common.
wealth could conveniently dispense with the sou or
10000 or more which she expects to receive as the dl-
vdend her stocks not to speak OF those which may
be necessary the comfort and support Of tine widows
and the orphans.
From the Bank Re)ormer.)
Tug RlcaMoND ENQUIRER AND TIE RESUMPTION OF
BANK PAYMENTS.
In some comments which the editor of the Richmond
ENQUIRER made January 49, upon the second article
.! our last number there appeared the following PASSAGE
Ru upon one point differ with him. the editor OF the Bank
@ for r.sumsr,om' Ne are for i,ing day certain, beyond
nc.,hey Shall expect days Of grace We are for I'M
pressing them the most distinct manner ne absolute ne
'rs,y Il making arrangements y certain day VT Kuhn seems
-iliv We would not allow them
pas beyond Of October, which would be only eight
month, from III. st Of January"
We were never more surprised than when we found
Ourselves IN the foregoing remarks, thrrn quite in the
background in the movement If bank reform. But al
lie same time we were highly delighted 10 the
Editor o the Enquirer assume Inc position of
sui Jealous and and eager partizan and more ar
deaf and forward leader that were we'll content 10
" his humble follower in the course. provided he had
.saly placed himself he claimed ahead oi in the
ismind for resumption. We did moi al FIRST deem / ne
ct>sary 10 correct the mistake hul ndin- that per-
sons including n least anti bank editor have con-
l 4,,et 1l.a,fr nj
examining misunderstood text il is proper here 10 de-
and correct he construction. The passage reerTcdto
viii he Iepel.e below, and will show tina, advocated
neither q The opinions charged 70 rs above, and which
" have indicated rs alicSing.
Reference - ic whole piece will further show that il
vas throughout strong denuncalion Of the profc<iag
advocates for resumption who notwithstanding voted for
extending The suspension Of bank payments beyond the
p'econs limit Jan l. But to declare at the same time
mat W. Were moi - exclusive, and inloerant Of all OPT
hons N gu own. aS 10 blame those persons who might
honestly advocate olhcr efficient though less speedy
means 81 resumption the paragraph referred 10 was added
which follows.
We 'hoii blame individual members for votn.
e'e 'he hanss Of tbs particular legal remedy against
pension provided they woad substitute other lcnen
"a iN! tihticn remedy This would he enough,
% nave otn y any tine during The whole five Of
N" W. YER not haSin- 'ren adopted any such course,
10y PITY y bower proves clearly enough that party truly
"a.ta- t baHss comply ruth th,ir obligations. Let
me T. required moderate bu, regular cuam-n
~ ne h'hAS-Hbld any new debts 10 be Incurred TO
unless b. dl.countins real business having
run WNliiH renewal ca>e,-and permit no
ch W aid Curing with these mild and
onv The banks would be sure 10 resume payment
hsFe m"th- had passed Let these restrictions be
ih1 maintained and the banks be safely LEFT
~ W., ,r.ra own ;nir lar r-Sninption.''
We repeat lha IL these mder measures were cren
,or M'iet They would pe more effective and We be-
Ky moe Sirir than the fixing oil any day GER
,a -! resumption b. the Legislature, under the hea-
- ~, Pe'a!.e> !or failure i ruhon ttcSc prociSionS
~ W. |'tt1;a require these provisions and also fix
"u'' est''a IN re>pming payment and morcove would
or M
Fr mat .a delinquent banks should be put forthwith
49,, naaion VIII The editor OF the Enquirer agree
a''P ahN support these any equally effective pro-
=, 1. ' s@r"'on 70 pay specie his day certain
=, eh.eHiins beyond October lst 1872!
- The editor Of The Enquirer niss,aed or views un-
,''o.''y no comb We appeal 10 his sense of justice
'e 'hef This denial and correction, the rholc
Wy a'e'e ni>gcprcsenicd-- the whole context OF
.@ W"li 1c sill more manifest that we had enter
"n'i no sch views as the editor o, the ENQUIRER TOO
LASTLY Inferred ''' VIZ