Evening star. [volume] (Washington, D.C.) 1854-1972, 1854-11-29

managed by president and board Of directors
All are under the Same provisions of the code
of Virginia, (ehap. 67-'s,) which govern the
old banks. They are not banks Of circulation
only, but banks of discount, deposit, and cir
sulstion. They are required by law to keer
the same amount Of coin on hand, according
% circulation, as the old banks-say twent,
per cent.-wi,h this additional provision
That they can issue no notes without deposit.
ing with the treasurer of the Commonwealth
state stocks, or guarantee of bonds of the
state, dollar for dollar, for every note SO
:ountersigned and to be issued; which stock
held sacred by the treasurer as a security
or the note older with the further individ
tai liability of the stock holders for any def
ienoy in the value Of tho notes, providing
he banks should wind up, and it becomes
necessary for the treasurer to sell the trus:
fund in his possession, to pay the note holder
1t is not worth while, therefore, for parties to
insinuase that the notes Of the independent
banks are not as good as those who give no
security whatever for their issues. Very plain
people-those of very ordinary understand
ing-can comprehend this proposition.
1t has always been regretted by the friends
Of Independent banking, that the Trans ALLIE
gany Bank was ever put in operation. Itwss
intended more as a bank of circulation than
rs a-bspk CT discount, dep ,sit, and circula
ton" and was not such bank as the code o.!
Virginia authorized. 1t is located ct lis
tant roiDt, inaccessible to the brokers, who
cannot, without great inconvenience, demand
the coin for its notes. 1t has always beer
looked upon with disfavor by the banks Of
Virginia, as calculated to bring the system
into discredit; as no bank could sustain itsel,
10 the Commonwealth long that did not do
legitimate banking business. While the old
and the new banks in these times cannot cir
culate over fifty to eighty cents on the dollar
on their capital in hand, it is not to be sup
posed that any other bank circulating four OF
i've times that much, could long maintain it
self with no basis except its State secu rites to
rely on; while in the case of the other indie
pendent banks, they have their stae securi-
les and bills rec eivable constantly maturing
all the time, to meet the demands made upon
them.
The following are the Independent banks Of
Virginia, and are unquestionably good:
Manufacturer and Farmers Bank, Wheel
ing; Old Dominion, Alexandria; Central Bank
of VirgInia Staunton; Fairmont Bank. Fair
mont; Merchants Bank of Virginia, Lynch
burg; Monticello Bank, Charlottesville; Bank
Of Berkeley in Virginia, Martiasburg; Bank of
Wheeling Wheeling; Bank Of Commerce
Fredericksburg; Bank of Rockingham, Har-
iisburg; Pahk Of Winchester, Winchester;
Bank of J tsville, scottsville.
Calderon de la Barca.-We are panied
to learn from source in which we place every
confidence, that though the mob did not sack
The residence Of this gentleman, (who was 60
greatly esteemed and beloved when in Wash
ington) during the late revolutionary scenes iD
Madrid, the forcible change of the Spanish
Government drove him forth from Spain. prac.
ideally an exile. Very recently he was in
Paris, with his family, and was in exceedingly
Strengthened circu INSTANCES, having been de-
prived by the bances of the revolution, Of near
~ all his available means This news will cast
gloom over many domestic circle in this city,
which, In times past, has been oheered and
graced by familiar association with NJ. Calde-
ron and his accomplished wifs. ..
General Cass The Detroit Times, we per.
ceive, corrects our apprehension of tho position
of General Cass with reference 10 the next
Presidential canvass. Not long since, in de.
Tending the General against unkind crit.
cisms of some Of our southern co,emporaries
We took occasion to express our :lief thai
they we're in part occasoned by jealousy OIL
the part of Presid sntial aspirants and also
to exemplify the folly of ,ndulgipg in such
feelings towards him on any such account by
explaining the fact that his (G enernl Cass' 81
advanced sge would prevent him from again
entering the Presidential {" ring"
The Detroit Times, assuming to speak by
authority announces that We are gris vously
in error, and that the Generals Michigan
friends certainly design putting him on the
track again in due season. This will be news
crafty ing Of course, to the Ger erals imms-
date partizans In this and other quarters Of
the country. His act in Ie.entering the me-
lee will doubtless serve to enliven the contest
We sincerely trust tho peoples next choice
may prove as worthy to wear the honors and
az competent to discharge the duties Of the
Presidency as General Cas- is acknowledged,
by all friends and foes political, to be.
The General, by the by, will find a merry
time of it in that same "ring," as already
SOME twenty five or thirty aspirants-young
and old, good, bad and Indifferent, competent
and incompetent, of all conceivable politics.
are in it, struggling, through "jadicious"
friends, to be placed on the inside Of tho track
among them we find one General Pratt, OF
Massachusetts,, the self styled Great Ameri
can traveller" We mention his name, only
by way of illustrating the fact that the Gen
eral will, ON this .casion, End some very ex