Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-01-16
EDITORS CoRREspoNDr.,rr

The lily papers Will have informed you of the cor
of my authorizations the result of the cleo
tim for President of the Bank Of Virginia The reno
val Of Dr. rockenhrnug from pos, he has 50 long held
has naturally given birth 10 exctemen, among his
friends who consist Of the prominent men Of both put
cal parties in Richmond. Tie feelings and purposes
of a parton of them may be inferred from s,mcwha,
extraordinary editorial article in the Enquirer of ycs,er
day. which the defeat Of the Doctor is charged To "vn-
dc,ive persecution. or par.lzan prescription" Tha,
is not Justly ascrihabe the latter is manifest from the
fact admitted by the Enquirer ITSELF in the same article
that several of the most distinguished Wings Of this
City warmly advocated the Doctors reelection while
three of lis wealthiost Democratic Stockholders
continued To indulge eiI pr.jndccs and to hun, down
their victim Tue: if ho prescribed at all, he
the victim not oil the Wings but of his own party as
socaies. l. for regret the removal of Dr. Brockcn
brouslfrst, because, the imputed TO him were
precisely such as might, and probably would, have o.,
CURED under the administration OF any other man. be
they have been passed upon at TWO successive
meetings Of The Stockholders aud verdict of acquitla
rendered in his behalf. and is now entirely too
late reopen them, for purpose like this and above
all, because In the present. condition Of the banking in
stlnls and in reference the relations held towards
them by the two political parties, it was independently
Of what due to the long service and the feelings
Of DIR. Brockenbrou. himself very ,cse policy to su
persede him, without the presentation the public of
such decisive evidences of his unfaulncss or ncompe
tency would have appealed at 10 the public judy
mcnt for the yincaton the act. The cry of perse-
cuon' and prescription which some may raise
der rm persuasion that grevous wrong has been done
their friend, will be used by Others who care fig
for DR. Brockcnbrough for other and less honorable pur
pesos 1t sknown tina, three othe principal State off
GERS are Whigs-The Treasurer and the first and second
Auditor; and il is by menns, strange that, in these
hard times. and this office seeking age there are nun,
beross persons who would be glad the
any contingency which would enable them 10 get posses
sion Of their bers Constituted the present Lcgis-
allure POLITICALLY. the oval Of Dr. Brockenbuug
may afford preiex for the qualification at the same
time of these personal aspirations and of party ma
2nlly. ~ the removal Of or more Of the Ey-
cculive officers. Indeed. | have already informed
you is whispered that the Doctor is himself to be in
stalled in OF them; bu, cannot believe tina, so high
minded gentleman rs he is conceded to be. will con
scrt while .mang under Of injury inflicted ur-
oh himself. moi By party, but by conicsscdly mixed
political vote toEe made the Instrument of incting
like injury upon another, who. whatever else may be
said. innocent of any participation in his removal
fit wnng eject DIR, Bockeubroush. i, be
right to cvct the Treasurer Of the Auditors for
the purpose Of redressing that wrong less with a
view Of applying emollent to the Doctors wounded
feelings. The main pon, Of view. however. in which
DIR Bockenhrouph's removal is 10 be regretted is the
influence may possibly the affairs of the Bank
of Virginia, long raraly zd it has been by its half mil
lien subscription 10 thc James River and kanawla Com
pan, by the Green Dahncy dcicalion 10 like amount
and by its heavy suspended accommodation debt large
portion Of which is regarded .had" and doubtful"
1t that of late years, Dr. BIS suggestions and ad
vice Were 10 great extent UNDECIDED by his political
friends in the Legislature hui they nevertheless excrtcd
restraining influence the minds Of some of them
ven while that Influence was imperccp,bIe and acknow-
edged by themselves This barrier tn LJc0foco epiricsn
being removed. on reliance for successful rcsis-
tancc 10 The experiments Of the ultra ofhal sch DOL is the
hope and persuasion that the less rabid among them have
been awakened from their dcuson by the universal pres
now weighing upon the country, and which, how
bgo,cd they may be- they cannot deny. conceal
from themselves. is 10 considerable extent, if alto
geher. the necessary and legitimate fruit of their own
destructive policy.
Yesterday the stockh ders rejected the report of their
Retrencimem committee, which proposed a heavy
reduction in the salaries ofhc Bank officers They af
forwards however, reduced the salary of the President
Of the Mother Bank from $4,000 to $50 and those Of
four of the Presidents of Branches from $1,000 to 80
four others to $500. They transferred the question of
reducing the salaries of the Car,hers and other Ulcers
to the Board Of Directors, with expression Of de
sire tina, the expenses of the Bank shall be curtaied as
fr may be compatible with lis ntcrcsis.-l stated by
tie way in my last letter, that it probable Edwin
should Gen. Pcgram be transferred from that Office to
the Presidency. Other names now mentioned how
evcr,--among them George W. NIunord, Esq. now
Clerk of the House Of Delegates, and Mr. Brent, the
the office prior to the choice OF Gen Pegram, but who
then declined the situation
Touching the Banks, you will remark in the proceed
ings of the House yesterday, resolution offered by Nj
McRae proposing mode Of relief, through The Banks
to the people. which according my comprehension OF
its character and tendency, is decidedly Objectionable.
and which. by the way if adopted by the Legislature.
would not imagine, influence the action Of those insli-
tutions at ALL
The Senate re-assemhled Monday after of
several weeks. Yesterday the Small Note bill, which
passed by the House of Delegates prior to the
cess taken up and debated throughout the session.
but no vote was TAKEN lis consideration not
med to-day. the entire session having been occupied