Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-13

but tan association 81 favored individuals gnl9 iVs
their own profits, and irresponsible to the connn-
'y Ihcy forget, that the produce aud trace ~
The country must regulate all Banks t'Iat deal upon
sound aud SAT, banking principles But let all That
pass! IL is ualcn;abc, that the ut orr people, .!
all parties hccn,ning more and more hostile to our
present banking system, and more and more indignant
AZ the course which Legislators pursue in regard 10
il. II is common saying, that do what the Banks may
the LEGISLATURE Will hEucke u them; and thousands o
our most substantial citizens, hitting their lps IN 81
Icnl indignation, ils fact Aud, ii people were
mol the .nos, i,sacafin and peaceloving people IN The
world the banks, and those WHO sustain them, would
ere now haze felt the force of that ndI !naon. Feel
tlpy wii long, unless they and their friends take
a npre rational, just, aud honorable
Depend upon II, gentlemen, you cannot always cheat
the people, by telling them that il for their sakes, that
you indulge and panpcr these institutions, III Their law.
less and fraudulent career You dare not develope the
whole truth, and let your constituents Judge how far
these ndu!genccs work 10 their benefit You dare not
publish TO the world, the names OF those who have been
pampered by Bank lavors For you would do that all
could see what you must know to be the fact that teo
crraoagan indridaas consisting for the most part, OF
the most reckless spectators i'll the land Lave swallowed
up the most oiyour Wanted banking actes and have
oused The regular Dealers who ground their operations
upon sound business principles, and upon the produce
of The farmer and planter 1t is too unjust 10 be ole-
rated; that whilst upon the produce Of the farmer and
planter, Banks rely for their profits and perpetrale
that most of their avors are lavished. Compel them
to show their hands Give the people the of their
customers, and the amount and character OF the ac-
commodatons granted to each, and these facts will be
developed. Then, all could see that the distress
which, you say, would upon Tie ProP'c, If you
were 10 hold the Banks and their customers other
debtors held to The laws, and their obligations,
would be the distress Of small circle Of Banh bor-
rowers and few other Individuals having business
with them And It's in unwarranted and unjust avorit-
ism TO this small circle of individuals, that you become
parficepS fleeing and deiraudng the great
body Of the people, You may yonr consciences by
telling the people, that the State IS lon-partner IN
these frauds, and that you bound 10 look 10 the inter
ests Of the State. But il is surely humlliang 10 every
conscientious man, TO reflect upon this fact. For, The
fraud is less raud because the State JOINT part
ner in lis preparation and profits. Besides, you deal
with the people with double face. If the State be a
partner in these Institutions the people OF the State, to
whom you make this appeal, surely have an nndenlabe
right TO look into the books, and know how their inter
csts are managed and who il is, that using their
money But that you hold TO be outrage too bad To
think of. When frauds are to be paatcd, and burdens
imposed for the benefit Of the Banks you tell the people
that they are parnerS-but you treat them as aliens
when the books be examined and debts and debt
ors 10 be seen 10.
The Banks and their supporters, are in the habit Ct
covering their misdeeds, by appealing 10 the people
against the Northern brokers' and even the poor Jews
They can drnounce the vocation OF broker and poor
Israelite, with as much holy horror as though they
themselves were immaculate. And II IS strange 10 OBJ
serve, how many Of our good natured people are "so
enough" TO listen TO this appeal with compacency-
They are told that Banks mus. be protected from
the brokers' who buy up their notes, and would carry
off our specie TO other States and other Banks, If the
brokers and Jews were allowed-to do what To col
lect from our Banks what they justly owe, and are
bound bv law and all sound morality 10 pay. And you,
gentlemen Of the General Assembly, sustain the Banks
III refusing DO this, orgctful of or conceang The TACT
that in doing you turn your constituents over 10 The
tender meTcics Of brokers and shavers, and drive oil
the little specie in dusyc circulation amongst the
people other States and cities, TO serve as stake 10
shave with. These shaving operations we now
bear through the nstrumen,ality of our merchants
They are shaved, and must shave rs back again, and
with profit And all this we must bear ny the lawless.
ness Of Banks, and to them from being shaved
by Jews md brokers.
Neither is this all nor the worst, The Banks them.
selves are spocula,ng upon their lawlrssn"ss.--
They are shaving their notes with the produce Q!
the planters and farmers, their stake. When one OF
our merchants has deb, to pay, or goods 10 buy m
New York, for instance, he goes to one oil our Banks
with It's notes and shaved from three ana han
10 six pcr cent. for ia draft upon the North. The
Bank The n has funds in the North 10 sknre with, but
none either there or ut home 10 pay its debts with
And tins clarng inqui;y is tolerated and sustained by
those whose business It Is 10 egtslate for the benefit,
protc ction, and security Of the community"
bat all such appeals this to the honesty and justice
of the Legislature. There is nothing TO do butt cry
out against "rabld locofocoism -"hard money hum
buggers, or as President Tyler has II, "sPecn!ave
or as The Federal Wigs have u, Sab
srac,ions and absiractionss and 10 sound Tie false
alarm a5,u, The hard.!rs to deb;ors-and the utter
dcs,,nlian Of money 10 buy produce, or pay wages
the Baaks compelled 10 pay few scraps OF argn
ments like these hare served 10 blind many Of our peo-
pie and 10 break the force of volumes OF glartng start
ling, dumnng facts, proving that the Banks are de-
rrandng, swindling, and impoverishing the people,
our Lawmakers, and poisoning the very
fountains q! the laws, for the hcneht oil lew bank
borrowers, and those connected with them III business
II is not for the benefit Of the stockholders III Tact, Tor
they will fad long that renfdcnrc winch IS The
very soul Of the paper system, cannot be sustained ~
fahessness i'll the Banks, however backed BY ia'ihess
Legislators.
A FaIEyD TO THE SrEciE STANDARD.
"Spcculqtire Philosophers, RI God ~ from all >prcu
rency and exchanges 'y any siemo paper money
whether under The names Il Eysrluris, rsci'n'si
Slanha ID, produce AM trade of tr country nS gn
late The currency and r,ehasrs nnd wona WIN ~" ',l
y, md ] ~ lis srcre,rrs If The Federal Government
would con;ne tSlf within tie sphere Of is constitutional
powers let alone, AMI adhere nnchnay I" ne nara
mnncv system then 10 The extent # operations, should
have sound currency aud il rl have Banks
hey nud ultimately be compelled 10 come TO The specie 't
lrd "a Tia, ,ta.dlrd pcope he'll in the long nn no mat
her how far lclcciard paper may be tolerated by The Cavern
ncnt further tolerated, The more III, people '"sr ~
H. demonstrate L. every Intelligent anu c'i' ''u
hat viii investigate The subject.
Correspondent in Washington, in one OF the papers
notices can incident in the House OF Representatives,
This session. which has, perhaps never before been wit
messed by that body. 1t is that of father and son oc
cupyng seats, members next TO each other | refer
10 General Dodge of Michigan, and his son, General
Dodre Of Wisconsin There is, also, relative appro-
pratencss in their constituency, Michigan may be
called the parent of Wisconsin, and there Isl moreover
, coincidence in their characters. Both OF them have
distinguished themselves rs brave men IN encounters
with the Indians, and both are Democrats
We arc requested by Mr.. jaws ii. Cox, Of Ches-
terreld, to announce that he will not be candidate TO
represent that county in the next House of Delegates
Mr.. WHITE is preparing magnificent New Year
treat for his Teaders in OF the largest and best
single numbers that have ever been issned from the
frssenoer press We oitered awhile in his Office IN
the Christmas holydays that might, under an Ed
tors privilege what was in press for his January
number and thus satisfy our curiosity which s always
excited towards the end Of the month"; with regard 10
what our favorite periodical has il store Tor u.s. we