Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-06-18
TO TIE EDITORS OF TIE ENQUIRER

Il National BdRE-hte Gfc0t EgRata.9i
Two late occurrences, within my own know
leuSe, Afford a small, but striking proof, that
united States Bank is needless Tor cqualizing the
currency, or for making remi;tances A man in
this county, who had To make payment of $50
in Michigan, in the far Interior, l50 miles west
OF Detroit, sent al the head of the sheet on which
his letter was written his own check on The Far
merS Bank OF Virginia for $50. payable to the
order OF him who was 10 receive the money The
latter opposed OF the check al par; that is received
for it, from some person near him, its full amount
in money. So he informs the sender, by letter
received four days ago.
Agan-Thc same man having TO remit S2l4
to a gentleman in West Tennessee for whom he
had collected it. sent him. in like manner, a SINH
lar check for that sum; and has this dav received
that gentleman's letter saving that the check had
at once been cashed for him in Memphis.
A note of any Bank could not have done lc-
ter; and these checks are great deal saicr-lsr.
because being written on the same paper with
the letter which encloscs them, they are less apt
10 be found out by mail rats and post Office rnis;
ID, because ifthey do fall into wrong hands. they
cannot be used, since the PAYERS name must he
endorsed by himself before they are PAYABLE; and
even thict (much more inder) will often
shrink from forgery; or, il he ventures upon il.
the chances are many that it will not avail him:
3D. if he does forge the payee's name, The Bank or
person upon whom the order is drawn (tor the
check is but very brief ordcr,) takes the risk of
payment 10 an unauthorized holder, and will be
still answerable 10 the drawer. ilh, no matter
how the check miscarrieS, whether by accident
or fraud, or robbery, the drawer upon lcarnin.
from the payee that he has not received ii, can
draw another, which he may mark with The word
duplicate, or he may say in it, thai il is 10 be paid
if his former one has moi been paid-and he is
perfectly safe from every probable hazard.
The same sender, since last New Years dav,
has made nine similar remiitances TO persons out
ofthe State andten TO persons within it, and not in
OF near Richmond. In the course of last year,
he made probably more than twice as many
He knows that most OF them, and has good reason
10 believe that ALL reached then destinations in
safety, and were readily cashed a. par. The
chances would have been very many against equal
safety in sending Bank noes.
These simple, ofi-hand unerring missiles have
| two great public advantages over Bank notes. |.
moi pretending 10 be money though convertible
into it, there is no danger, hardly 4 possibility, oil
their hloa,ing the currency Sc rs 10 make prices
unnalurally high, 10 stimulate speculation, extra
vagance and luxury. and 10 produce all the other
ills which result from the countryS MtmtaS to
bc very full of money. Such time ol eNaSSc'
rated. apparent prosperity is ever la be deprcca-
led as the sure lorcrunner Of widely spread dis
tress and ruin, with large accompaniment ol
vice and crime Stay Laws, Bankrupt Laws,
crude and rash Banking experiments, and Other
miserable shifts of the Government often nncon-
stilutionaI, oilcner m>chievou>. are OF the same
brood. , Such checks sci of with none OF The
engravers emblazonry, which gives plausibi!i'y
TO a Bank note. never impose upon mems Juds-
men,s as a Bank note does. Plain and unprc-
tending, having upon them the name Of every
successive holder, they are Judged entirely by what
is known OF The drawers integrity and >olvcncy.
or of the endorscrS. Who has not seen richly
engraved Bank notes, which, passing as MONEY
many an unSlspecling person would take ior
months after the Bank which issued them has
been actually, though not VIGOROUSLY imSolycn'!
did moi mean 10 <ay half So much did not
mean 10 argue al all, hui only Ia submit Il few
plain facts, from which those might argue whosc
vocation ii is. Respectfully yours,
Always ASTi-BANK
ouisa Turc lSi1