Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-05-27
Nh. Editors ofihe En4utrer: o,,o


M af,;rs of mis- institution have been brought 10 inc
c nf vonr readers by anonymous correspondent IN
~or noner Of Yesterday morning. ay 2bh) you VIII oosc
subscriber By publishing the whole OF the article from IN.
q ~ ,runs 10 which that writer refers, and extract
rom which he has given Without designing 10 reply to the
nsnuaons of your correspondent or even To ree
to the present difficulty believing aI Ihey are no. ptoPc
subects for newspaper controversy deem but Justice
CIV t,t so far informed, the editor OF the SCUM
n the article eferTed to- expresses the sentiments
o IN. entire community OF Norfolk; and that II Is "nohy
70 assert that the President Of the Exchange Bank
a en- conducted affairs Us 10 dlspiease considerable por'
linn of The community On the contrary IL is eyed, that
h Contamination has given universal satisfaction 10 the
stockholders and TO the communly"tn the exception o
Inc nu new State Directors and perhaps few others
whose complaints if they should ever assume form
in which they be noticed as yet no complaints can De
rnd in the official archves will it believed be found to be
entirely roundess Your correspondent sequay unoru-
nale in The assertion that the bank at Norfolk Is the least
rosnpros of n the branches of that institution II may
b. that the profits have not equaed those of the branch
~ Richmond and Carkesvc but this was not the fault oil
The is well known to all those convcrsant WIN
s airs The profits of this bank for some time past have
yceedet seven per cent? and its management has at oil
lines commanded the universal appreciation of those best
qualified judge and most Interested ltmay safely be al
isd that its past nagemen will compare favorabIy with
lint of any other bank in the State and that its affairs have
hepn conducted with ability success lmpartaty liberal
inv and purify deserving the highest praise and emitting the
President of the Bank and his associates in the Directory
10 the confidence Of the stockholders and OF the community
Of Norfolk All that the friends Of the presden! desire is
that the charges If any should De directly Preferred and
''es 'e'' nv ''' ''0''' A CITIZEN OF NORFOLK
From the Norfolk August
In consequence of the almost entire destruction OF the
crops by the severity o the elements during the past season
in those parts of the country from whence norfolk is chiefly
indebted her trade II natural 10 expect that
cune interests would experience grea depression and The
business Of The city would have 10 drag through anguish
ing existence during the summer and 1n months Our mer
chnn,s anticipated such state OF things and like prudent
men thew prepared to it by curtang their expend
lures and redoubing their exeons. Though they felt
viS The
Fiction came from Him who rueth over all things and to
whom error can never be imputed.
While they thus struggling patiently through the ca.
amy with which they had been afflicted the Executive OF
the State in the pcnitude of his power and for best
known to himself increases The gloom OF the community
and adds general stagnaon OF business by most nop
nortuney declaring against the Exchange bank of the
STATE in claiming The prerogave unsusaned either by law
right or Justice to the President Of that institution
Persons in high places and men generally In matters OF I'm
portunce supposed 10 act ron some motives but for
life we cannot perceive what influence has decided Gov.
Floyd 10 assume this extraordinary attitude against the
Bank We are that for several years past certain
magn control been attempted the weak and unso
phstcared but the time aspiring Chief Magistrate
OF the Commonwealth but certainly had little TO
expect such decided a of hostility his part. II
has been as startling society hunderbolt would
have been from coudless sky.
We have anxousy looked the annual OF the
Governor in order ascertain If he had made any
plant 10 The General Assembly OF the State in regard the
manner in which the affairs of the Exchange Bank had been
conducted But search was in vain There Is not to be
found single lne or even "oIu vi ulsapWONal
there any abuse grievance to DC presumed that
no the Executive of the Slate he would have been cognzant
of it, and would have been his imperative duty to have
made the subject Of anmadyerson TO the Legislature In
the absence then of all proof we are warranted in the con-
cuon that there does not exist the least ground for this
singular proceeding.
The Slate is entitled 10 be represented in the Bank by
Directors BY the terms OF the charter is required to
tire each year while the remaining three eligible for reap
pointeni Twelve months ago, The Governor appointed the
four State Drecorsen competent and Quahed and cho-
sen from his own party The present year, witEou, any
cause assigned each been removed and board
In their place. SO this Directory had
entered upon the duties of their office was proclaimed by
them thai no paper should be discounted so long
the gentleman who had been unanimously designated by
the stockholders continued al the head oil the Institution
The threat adhered al their rst meeng-was persc
ycred in al their second and suppose II is 10 be persist
ed with unclenting determination unmndiu OF the wants
and suerines OF unoending community or the injury TO
be sustained by those innocent persons who have invested
for this state of things 1t is bold responsibility and we
sincerely hope that the State Directory upon coOe second
thoughts will recoi from anagonsm seemingly against
an individual but which, in its results IS seriously detrlen
a not only institution but TO the prosperity Oi me
CITY, We know thai such is not Their nenon but II Is the
inevitable effect oil the stand they have taken
We do not profess have great admiration Tor the pre-
semi Banking SYSTEM do desire to be considered the
advocate apoogt of the Exchange Bank bui we claim
10 be the humble champion OF the great and immuaole prin-
cues OF right and Justice If abuses and evils nave crept
into the administration of the Bank lei investigation be
made in spirit of calm and truh-seeknS candor-iet them
be nonted outlet specifications be carefully made and
Then apply the hand of REFORM eassy and wisely But no
man. nor OF men, be sustained In an accusation "en
only SUPPORTED by nsinuaons ana general char-
without evidence being afforded 10 the Paoc hat
there is the slightest foundation for it,