Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-12-17


~ a.; aa..as, II '' E"9""s' ,ha following resolution
,.. - coli public attention 10 ''o ,os IN Thursday
,,,,,rh ,v,s moved in the Hous' -
,,., md adopted rithOnt opp0s''''"'
On motion Of MI Il Governors message ns lca s
Resolved, Una. ~ nn,o,lon and rc-''fganIaronr m,,
10 "the m Of The State" DC re'eIei The expedcp
W. E;nanra with instructions ~ The stock held by the
cy OF proviang " "a N. public institutions 49, md in
Common" ill.,, commonwealth al sus sne Of said
sh mounts as may not i'npaf we nf such sale In reduc
So md Of applying the pfoce., ,h
| ,;an ~ ,e debt ot t.e Cohi'"o"' . e,e N The Com.
'ion oi -. ~ ,hs resolution, which refers - u.
i"'' ,,;..nc. The iudicous and able Teco'''eA ..S
- 49,, c.,vsrnor's message concerning III. ..o...n..
OF the ~ $40, command universal acquescen..
D. hs resolution also embodca i."ss The banks Of
S,cs hank stocks and thus en'e proposition
I'as rrnm her control ind surVena Marty strif.
the State from m renew an old and bitter Pu , h
and shoud meet The condemnation mn,ammeled and un-
nvea that 10 leave these institutions f the whole indus
,r,;nrJ Is 10 endanger the prospeli'y y.
@ d commercial interests OF inc co'h sale of tho
'fS a. as financial OPERATION sus would
States Bank stocks as TINS h mar value stocks
e hn" RI 200 OOO and they yield average ~ ,hs treasury
IS seven per cent aggregate hco y, ak per cent,
OF ao nm This income pays the Interest," u sly and
OF sZ5a a oaam Of lhe Staie debt On the oher manu-
uo - hose stocks al even high premium "a n,J nm
cent which of them wHua n mem therefore the State
cancels 81 O93 $685. OF her deol, unu h noved
Snlu"a9 ,rr Of her banks which experience ias 80
n the pecuniay safety OF me community
70 pe i ~ hem would cancel but $40 uuo Of he
VA Lave these institutions free TO pursue tn d IN
a s ;nIo which release from her wise restraint " "
| fnliby tempt them. - -, n. n,oiect is one o
-, n,nst dangerous that could be DEVISED ana ", ~
=, rnow what influences al work 10 carly t ~ ,h
and What views or motives have induced inc auo ~
solutions 10 submit il TO the Legislature lie f
inns which would lead the banks TO THIS measure .e
GENTLY evident They have long been rssVe unaeI
ar If e Executive break up the family Jun'os anu
drecories which are constantly endeaVoring 10 oui
If their capital Itmaeriay interests then uso, NV a.ns s
,hs;r charters are within few years OF expiranon "
hmsslves from Stale control in order TO DC Tree 10 Ieu
h;r issucs in such manner will give hen power " $.
- renewal Of their charters, when the time LOT Iehe
rive. It's all important them, likewise 'na hls eou
M main should be struck in view OF Inc
h, heyin. TO be mooted of thorough reformation Oh ou
hntos system and establishment of free banking nsuu
lions founded upon State bonds substitutes lot the sy1
fem 10 which our present banks belong Again. suooe
avalanche as the resolution proposes OF three millions an
half of stocks upon the market would depress ne
to such point as would open TO large capitalists al Wash
inrton and elsewhere handsome margin oi nea' sPes
i,np operaton in these valuable and desirable funds
Ma such measure us sale of the States bank SHOCKS
recommended In the message of Governor Fioyo aho ..
confident tina, such project never entered his MIND.
cone nroposition 80 obnoxious with his popular recon-
mendo,ions arrues want Of merit in the proposition sei
bcb must attract attention and excite dstrust am con
6dent that the committee finance will not couh'enahc
20 monstrous and dangerous PROJECT H.