Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-03-03
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SMALL NOTE BILL.
MOVING ~ TPyaSo

MO'lNh ~ iEAas.
The last Richmond Enquirer brought u. The
pleasing news OF the loss OF Tie small mole bill in
the Senate, by The decisive vote OF 20 10 II. This
pleasure was rol lille heightened by reading
The following resolution offered By Senator Wal
lace, of The FauguieT and Prince William Dis
trict-ndeed tie Stale should feel proud OF such
man:
"Reso'rci, That The Presidents OF The Bank OF
Virginia, the Farmers Bank, and The Branch Of
The Exchange Bank in Richmond, Re requested
TO inform The Senate whether their Banks Iespec-
lively, have within the last twelve months ex-
changed their notes for The notes OF any other
Bank or Banks; and if so, with what Banks, 10
what amount, and how often the same has been
donei and for what purpose iha said exchanges
have been made"
Currency is nothing more than The measure Of
property, ana il we throw away the specie stand
ard of The world, and substitute paper one, we
should not suffer il 10 undergo alterations merely
10 suit The gambling and stock-iobbing class o.
the community for their property is not The only
property 10 b. measured By the standard. II is
10 be hoped The next Legislature will think Of
this resolution, and act upon il to lis fullest eY
tent. II is time that notes payable al one pon
Should no, be sent 10 another for circuation-we
had enough of this fnancia! g short time
before the last suspension, and during the rather
more than five years suspension. This is baf
faith on the part of the Banks. Now, MesSrs Ed
tors, (excuse me Tor The ule rap am going &c
give You over the knackles,) you ought 10 have
given US the party vote on the small note bill we
want 10 see the number Of Wings and Democrats
/, Tor and against this measure. We know that
some OF the Democrats wen, Tor it, bnl We pro-
test against lis being considered a Democratic
measure. We want you 10 analyze The vote
The passage Of this bill through The lower House
came upon US very Unexpectedly. We had
thought that there was no branch OF any Stale
| Legislature OF the United States, that would a
this time have passed such bill. The poor o
this State have had enough Of such currency
The mole ragged and dir,y the notes the more
| they find their way into the hands 0! The poor
the weaker being compelled 10 take what The
stronger choose 10 give. The last and final rest
inc place OF much of the stuff is in The hands o
the poor savcs. Ii is revolving 10 ones feeling:
10 think of this matter. Who are those iha
profess 10 feel so much Tor the poor, and in iht
next breath want 10 give them a currency they
cannot readl Here are profession and practice as
! wide a>urder as The poles.
/ The same En7nirer that brought the news o
The loss of the Small hole Bill, has piece head
ed "Moving 10 Texas"-il appears from Mecklen
burg county. Some are Tor This, and some fol
| that, 10 prevent the population from moving iron
| Virginia. You may make every man Solo
mon in Virginia, and give 10 every man a rail
road or canal from his door 10 market, but hi:
will mol prevent their moving, so long as Their,
! is given premium OF 1000 dollars 10 poo
man, 10000 dollars 10 man in moderate cir
cumslances, and 10000 dollars TO a rich man, Il
| leave the State. This is done BY multiplying pa
per dollars until land mounts up 10 twice lis in
! lrinsic value. Doubling the price OF land does
not make il more productive, and The purchaser:
oi such lands are bot the slaves oil those that have
Lett. Thousands that have left, have more white
slaves in Virginia than they have black oncs al
their new homes. The lnties never made
| Spain rich, nor will education or internal I'M
| provemen. do much Tor Virginia, with such al
! outlet as this. Eastern Virginia and Eastern
North Carolina should have nothing 10 dc
with an expansion of the currency; il i
| heavily felt in the sale OF slaves The South
cGn demand regulates that, and the foreign deman(
J regulates the price OF agricultural produc;s-
but with lands il is difierent--lhe home marke
regulates that, and they should be kept at llei
specie standard, 50 as 10 lei nothing go out OF III,
! State over the intrinsic value oil the land. This
would also induce emigration into The State a.
MANY prefer the seaboard 10 The West But lie
US not underrate the Intelligence OF Others in sup
posing they will come here 10 give a double price
| lor poor land a man that purchases poor ian,
can hardiy support his family, and should rot be
byunwise and unjns, laws compelled 10 pay dou
BILE price for ii. Sooner or later he finds himsei
involved, and has 10 look himself new home in
some distant region. In conclusion lest some
NAV suppose there is no expansion OF currency
in Virginia and n. Carolina 10 induce the popu-
laton IL move at this time, ard 10 prevent others
from coming in, | would ask them 10 look a,
The following picture. understand Parks are
wanting Tor commercial purposes. Now lei us
make few extracts from the exports and i'm
ports Of foreign and domestic produce in severa
States, taking those on The seahoari, for the year
ending June 80, 1915. This extract | shall take
from The New Orleans Price Current OF Janua-
~ 81, 1916. The Bank circulation OF The States
| shall take from the New York Herald OF Octo-
Der 25 1915:
New York exports and imports, 2lnT0S4 1853
Bank circulation. (fsank notes.) lSi6I ,4lU
Maryland exports and imports S,963, 1sl
Bank circulation, l,49S,2T0
South Carolina exports and imports l0033. SOC
Bank circulation, 1901 ,437
Louisiana exports and imports, 1851 ,Sl2
Bank circulation, 4,446,642
Virginia exports and imports, o,3GS, 1O3
Bank circulation, 5,fi206i