Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-03
To The Editors Of The Wig aud Compiler.
BANKS BANKSIl DANI[Su,

Hehtemen-tn your respective papers of the 3lst
Dec, IS!l, find piece over the signature of "Dan
liver, ~ me compiler, and another over the sig-
nature oi Zone Of the People," in The Wbig. In
reply 10 them, permit me, through your columns 10
say that ihey ought to be better informed ,b,n ~
suppose charges, without proof, can avail anu Oh,
either before Courts, Stockholders or the P'Ii;. LIS
They assert that there is now an effort 10 rnoko
Shavers, &c, Directors in the Farmers Hank or
va. at D1nvllle, &c &t., and as | am neither SIN,
yer nor obnoxious To the charge of being rich. Il,
may not be improper for me, n Stockholder' TO
ask the writers of these pieces for the proofs of their
chnrgcs Of oppression, &C., by the Shavers. ,h,,
they say, have been heretofore fosted into The nj
rectoryi they certainly have them or thew shonld
not have made such charges; and Il thew have tho
not, then they are under the influence of passion
ana prejudice, which always lead men into error
and cause them TO do injustice to others. Do RI.
CURE too much of the writers ty inviting them. ms
| now do, TO come before the Stockholders IN nro
per person, and then, and there, make good INV
charges they may have against any one that MAY
be proposed as Director, either on the score III
probhy, financial ability or any otho? From tho
admission OF both Of the writers, they and their
friends have had the management of the B,nks nj,
Danville, from their foundation and they say Thai
a struggle has been going on for the mastery Tor
several years'-Out mark you, the Shylocks, they
say, have not yet obtained tho nsccndency How
comes IT, then, that you aud your friends have
brought the instii ution TO tho brink of rum with
al your hne protesniions Of "pfohy and financial
sN"1 '" mere IS tho proof Ot your especial fitness
for the management Of our Banking Institutons7-
and the sagacliY Of your ircnds2 Is il to he found
IN their reports Of the Mother Bankl in the ma
nngemcnt of their own hnnnces7 or those of IN,
Bhnk Please tell us. | sh III not FOLLOW tho ~.
ample set me by tho writers OF the pieces alluded
to, and deaf in hafd names and unpopular epubets.
hut permit me TO ask both gcstlemen who il ia thai
best deserves the epthets Of "Shavor, Usurcr Shy.
lock, that iced upon the vilns of the community"-
ho that buys mans bond Mt what il is worth in
the market or he who, through the instrumentality
oi ms friends, gets the money Of widows orphans
and Others who are stockholders, into his hands
and ias TO repay It. by which, that, which under
good management, would yield them the means Of
education and support is taken from them. Is il
not passing strange that men should suppose that
thoy can induce others to believe that they are men
OF prohlty md great fnanccrs who make one report
Today, and contradictory one few weeks or
months after, and who have managed the Banks
that the stock has deprecated from 800 to $50 per
share, and they, all tho while, borrowing and using
the greater part Of It, and in some instances failing
10 meet their curas and in others not even having
the discounts. One word more and am done
That there isa "sltUggo going on Tor tho mastery
freely admit, but not between the parties stated
| by tho writers Of "Din Itivor" and "Ono of tho
Peoples" but between the real bona fide s,ockholJ.
ers and those who stockholders by courtesy. by
| which, mean, such as when they buy stock, i'm
modiatcy have what is termed stock note discount
cd, and pledge their stock and draw money to nav
| Tor II. INDICATOR.