Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-01-12

TO retain the same place SO long as | have. That
men who receive but small profits from their invest.
mens should be dissatisfied not wonderful That they
should be prone TO change their agents in such
without regard TO circumstances may also be natural
Then is the time Tor actonss TO step forward and per-
form their part So they crafty their feelings,
they perfectly Indifferent your interests. Since
The developments of The FIRST Tellers dealcation in
s40, whcn was so triumphcny sustained by the great
body Of the Stockholders, would respectfully enquire
in what duty have bfen deficient or negligent: The
Stockholders, the Directors, and the Legsa: itself
have passed sentence IN that and had the folly
10 suppose II was M adjudicated one. To 10
that charge now seems 10 savar more OF relentless
persecution than oil fair and liberal treatment This is
The fourth prosecution against OF the money ub
strac,ed from the Bank, presume no one suspects
that derived profit from any portion of it, in The way
of "commiSSions the spoils, otherwise. On the
contrary, deeply feeling the consequences of hatraud,
have used every tfort in my power, consistently
with the state OF The times, TO enable The Bank to re
cover from the blow. According to the known wishes
Of of the largest Stockholders at
soon after the meeting in July, loI'l, invited hr
Brent of Winchester 10 take the Office OF Cashier,
which he, after some reflection, decline d. knowing
the Importance of selecting person IN whom The
stock holders and TIE public had confidence alter much
meditation on the subject, made confidential com
muncation to Gen. PegIam, and he, much TO my sa
tsacton, after due consideration, agreed to accept the
place. With him, have struggled TO renovate the
Institution; and much has been done considering the
ness What stronger evidence could give OF my zeal
to advance It's prosperity: e has been dgent, skllul
and conciliaiory in the discharge of his important
duties and the utmost harmony aud concert OF action
have subsisted between Under these circumstances
did no. anticipate this renewed war against me The
serious question with me had been, when should be
justified in asking an honorable discharge from your
service should have deemed il an oct of ingratitude
as we'll rs cowardce, 10 desert those who had so long
con6ded in me- when the Institution from any cause,
/ ,f ,r1ll hnuv five
was the public feeling III regard TO Bunking lns;itu
tons when so many were crumbling to pieces III The
Union knew too the ordeal we have TO puss after
the resumption Of specie payments. In this view OF
the subject, did not believe that any change IN The
administration would be useful to you or becoming
| in me- When | heard, in November last, that the
LARGEST individual Stockholders in the Bank was
dissatisfied with on account of the protested bulls
referred to, my first impulse to .esign instantly;
but fir ding that unworthy means used by others
10 drive Off determined TO meet the issue al the
approaching election, which shall do with perfect
composurc, eventuate as IT may. You may very pro-
badly supply my place now, 10y skilful banker
la more Jealous one, in the of the Bank, you
cannot finland let me warn you by your own interest
and by the great interest Of The Common wealth. against
allowing your desire Tor change 10 preclpi,ae you into
the of trusting 10 oicous President makers. Put
me, such be your WILL out OF the question; but be CIR
cumspsct in your choice of Drectos. independent
I'd intelligent men, who will take OF your inter
cst-for whebev shall be the fate of this old lns
tuition TO fall under the dominion Of those who do not
command the respect and confidence Of the community,
believe me- the days of It's prosperity, perhaps Of It's
existence, are numbered. II has difficulties enough to
surnouni in the state of public distress, and in the
growing opposition of the country to such establish
ments. Tnis Bank has lived nearly forty years. 1t
has paid to the State in b0nuscS, exclusive OF dividends
more than half million of dollars. 1t has paid its
subscription to the James River and Kanawhn Company
of half a million. II has been dsfauded of more than
half million; and yet, with all its suspended debt, this
ancient establishment shorn of of its strength 1t is
true still stands firm and in good repue, while hundreds
of its customers, in the management OF their own con-
Germs have fallen victims 10 the vclssludes and casual
ties of trade. BY judcions management and aided by
public confidence it WILL sincerely hope, recover liz
original strength and, in the mean time, yield you
moderate dividends The age Ct large banking profits
is past. There is too much competition TO expect them
but, the Bank is inhibited by special law from d
vding than four per cent. per annum, until the
capital shall be fully made up, the excess of profits
that dividend WILL on the revival of trade and conf
dence restore the integrity of your stock in the course
of few years.
| In conclusion, ! have 10 say, however, TINT whom
you make the President Of your Institutions de.
pend on it he will not repose bed of roses, and
unless you give him Directory of liberal minded and
proper to sustain him, he do but little useful
| TO you, or honorable 10 himself.