Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-04-07

e " :. The Northern States ne
= na', I,vinc the train-and "h' sha" say
.a4 1'' 20 SHARED THIS Winter, may not suit
Il ,.t S.' h,sesch the Wings TO pause, oeio'e
- these rash and improper "c's' nu'' =.
So s'.,,., Richmond Wing Inc very WIS uPc"
'a' =, tine fnl,ncss OF is intcXicHnon, IN
':' u vs., 10 tara ou, the humhiest 'lh
a.d ', ~ nh, even dared u think as Demo-
%. 20 act Is '''' '> No rRoSCRlBER.
COMMUNICATED.
y. >rwroNS CIRCULAR
,.j,.5. IS the ioteptel Time,
@'"', the humbugs Of the day, and how
10 o,n5'SUS 80, deceived bv false promises
Fs'Ff ", vsrs Told. # we would elect Gene
4 81; ss'' rould have glorious times, and the
| ..'.a' we're promised high wages-S2 per
Ir' "'''' - mast beef besides. This was on
| .-. rfos ,.,,s We'll, h. was elected, aud the
'at '' -, waves or beef, and we involved
s.. .,'' buo,bar was the Extra Session OF
ire 1T, us out OF debt-;he result is
90. rr-5pe, and history will hand its in
;- j. 49, .,s,e,lty The next humbug was the
i"H =" ,..r,,ioil was TO get four or five hundred
gas! Tins, the Wings promised, should go
$50 co.,, II ,he poor. Well, time has proven
t6a, ~ -. .000 about three cents per head
1 IN. Cheap education thus The three
, u NO.. hp.hut has been considered ra'her
sang E!ecrons-and Dir. Newton mas
10. '.S.l rs with aEotder-a National BANK
."",. -ahich has just been sent forth TO TINS
&C., ., D.,,c.. He has called upon the peo'
..,~, ..,ae hard money Democrats to save
~ '' from beng sacrificed a National BANK
.I,ci The sacfl6es, ana MI -. eAcia'ihs, -'o"'
s's' ~ ,creo.ed time" Admit this tor argu'
s -. nav. where is the Bank 10 come from
''"s ,,s5eb,edness Of this Congressional Dis
Hs ,,s,;y N SUIT The elections for Con-
ara N .ayor Of the Democrats, BY an
= s.ln,a, me- oEity. How, then, can bank o'!i
NJ Coarress Can Mr.. Newton head
2. '.''l I'm he head Captain Tyler: Can he
s,,-ane Cout. Of The United States with
I. ''s n not. how can relief come in time =
.--..-l,,ssry Mr. Newton says, he goes for
~, ami Wig msasutes '-ot course, Tor a
r3.rs Y-. CLAW, and his party, voted down al!
mad, Tia: Benton, Calhoun, Buchanan,
=, wanted 10 throw around the two Bank
SOD a. the Extra Session Of Congress. So,
u. Newton SAYS he goes for"a sound convert
.cu,-encg." we mus, look back to the Extra
nd; Congress for 1t, for lie goes for ewing men
,ys- measures Mr. Newton says, "the crcala'
.-,+.um, or money necessary 10 carry on the trade
ra,,ed States, in seasons of ordinary pros
estimate, (Which is very near approximation
..g,a} at one hundred and fifty millions OF dol
.s! tina of Virginia al twelve millions. The
nus. see from what follows, these are paper
He saws, s'it costs nothing but the price OF
t-a- and printing, and answers all the purposes
-rIe can answer as circulating medium. FRO
Nr Newton has not made an estimate OF the
gaoer money in the United States. The fol-
.s-,.ac. from the speech OF Edmund w. Hubard
IAN. delivered in the House of Representatives,
-. l.ii, may, therefore, be interesting TO him
...s-s
u. Chairman, Will now advert TO another view
subject In report Of the Secretary of the
..,.y. OF 18th February, lS4l, find the following
..i..s. made in reply TO 4 call from the Senate,
$50 10 informed Of the number and capital Of the
F.. Ina. nave failed in the L. 5 since l7s9. An.
biz, summary
"a. Of y banks, failing before ISL $3,00o,000
=. Of 10 banks, failing between ISL
d i.s) $685. 09
%. d. The 80 banks, oc which 40 are
FRAMED 10 have failed between 1880
ash 100000
"a. n 30 banks now suspended, which
- ,-,b,blv failed l2,000000
number 800, and their whole capl-
S9G, 7S7 ,309
We number of 800 banks, computed to have failed
.gea-s, may seem high, but II ls not so large as
land, Were, Notwithstanding any favorable IN
~ Of National Bank existed near century and
&. il has happened that from 1898 to lS26, period
g ,h-tv.four years, 81 failures of banks have
red. on which bankrupt commissions were taken
Near four times as many more, 1t IS said, failed
q that time and compromised.
Tucker on Money page 2o2.
gate of losses since l,o9 TO he people, through III
gsfe.ce II Banls and the use IF Bunk paper.
.ses by bank failures Sl0o, $50, 72l
,.es BY suspensions of specie pay
g nv banks, and consequent depre-
10 N their notes 'o,o0o,ooo
80, BIZ destruction OF bank notes
seg,asn,s 7,l2l, 3aa
.,.ss by counterfeit bank notes be.
nd losses bv coin 4,4sl,ll
sses ty fluctuations in bank cur
rev affecting prices, extravaganza in
:. sacrifices of property, and by
VA par, Of the other incidents 10 the
5ug system, not computed above,
sa., 100000
.s,,,s aaoun. $500, 45l ,407
SIT s4M iu the community 10 the Banks, annually
is. Ten ater., for the use If BANKING Institutions.
Inc resolution calls for the sums thus paid, whe.
--eclir or indirectly, and whether by the people
q yernment
Z nay be-. therefore, that the amount collected by
is from tie community, annually, for interest, ex :
.4. ,sn;s, &c ought, 10 the opinion of many, to
rs l4f-G IS VIVA, $ paid 10 them, 'for the use OF
~ Institutions Consequently, an attempt has
alls t.rst, - form some estimate OF this amount
E. .5. APPROXIMATE the truth
il- result has been, that the whole payments made
Banks Coz the use Of them, their capital, &c,
81, tie 4st len years, has been, in the aggregate,
$4,000
I4s would be annually, on an average, SIS ,2O0,.
.!las the aggregate loss, computed at $780,, 45l,-
'la lc.regale amount paid III the
il 81 .s4Es Tor The use Of Banks, $4,000, 600
.ae whole COS. of the Banking
,em, ca 40 .497
.aa agsfage annual tax on the community. since
;. . nearly SIS 100000.
1s'e aEs astounding results, and ought to make the
=; 'aaeu ne friend of the Bank pause. Nay, Sir,
',aas ,"trnmp el.tongced, against the U. S. Bank,
a. oHF whole paper system
tie foregoing tabular statement, it appears that
moray has cost the G. S something more tina n
.2*f aad printing, lndlspositon prevents me from
's more iui! view Of Mr. Newton's circular.
ESSEN.
Hr Newton goes in for the plate al all events.
'ei's lie Distract IN his circular, ~ am tho
p Wing, by which mean, a Wing in practice as
as N Pr(acip!s, and that support Hhig men and
m@spyts. This is indeed as he thinks, a suii
summary oths creed; sufficient, we mean, to salts.
49,! t!amltonan tederalist in the land-suficient
", :4at he is \ National Bank nan, Protective
nan, Distribution man, a La;itudinous Con
Ell 'cln-suliicient to SHOW, that he has ,urned
'e" apon every strict States Rights principle he