Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1854-01-06

d. ;,. wisiom to lie business OF The department.:
1ia ,s e The nerve and practical energy 10 GARY
I III ;s Without fear or favor. What has such iuhc'
,nnry 10 fear from intelligent community. an o
nnsi,ory III his personal Confidence buf luIghs o e
a,,r,rr u the man. public and private, lec "aTIaHeu VI
III no man las any authority for pretending ina
w. Guthrie has any idea Of shrinking from the dues OF e
MUNICIPALITIES Of his high position In The S y. .
,nori Why shoul: - He has discharged his guy 'ai
H Let him 70 on, as he has begun, ana Inc enc VI o !;
fciul career will be repe,c with benefit 10 al osr ws
hi midnJv extended country. more faithful oihcel was
v, nj The head Of the Treasury Department. ana inc no'
o h, he has any resign is supremacy IIcHsSu'
| away with such nonsense AMI
For the Enquirer
THE BANKS AND THE CURRENCY.
f.ct thai check on NJ York is almost always
s remum here, and ia fact that illustrates very
no|,aot proposition respecting the EXCHANGES when u
rm,neuiy against Virginia. md whiGn ciirul'.s'auu
@ - o,ca loss for long lime 10 explain lha ill us
, ncoule any where, whose products were always va
ha and were large should constantly nave tne Lb'
of exchange against them, wns to my pinu ~ %c
eod and surprise; and alter iooKlhg io
n IN yurley of causes, was thrown at ast 10 mo
of The evil In the roundabout course Oh our aue
s sl nrcscniei another diculty and that was why
whic sun Ief it's direct channels and been concentrated
aon he Northern seapos2 The Bank OF he uh':'u
oionaIy from its first charter about 9U up 70 a
hr drposils of the general government Inc parent
Oh ,ras in Philadelphia, and BY consequence st POM
100 tho central depository OF the revenues Oh tue county
md The capital Of The States Wv, WaS ,s
,hS,wn 10 that place In the charter oil Inc lasl "a
ro me war Of 1915, the point was ssan selec:so
S o course the like benefits conferred upon 'he ,ns'u
@ r. was the fiscal agent Of The government SO ions as
on 80 no euplus revenue and s and the notes OIL
s byanches were taken in payment TO me goIe.nt S o
duties the effects were slight and unohservcu on, ay ,h
a,i cf a6 1924 and 1928 af!e! the payment OF !he
;c doh, su,pus accrued OF very large ahlouhI uo, "
onIse The abstraction OF capital from lis legitimate pu
Doses in the Southern States, was more u.u 'r,
m f, and the consequences were almost an en''e aoah
donment Of foreign direct raue. LEG mp ~ ,hn
Of nil goods needed for the consumption oil oi tno
l,k. nontp O
J,a ,nn were 10 pay for them, the reeut-nasm
"a the capal Of the country being IN ie hanus VI .e
and il being located in the Northern o,aes II va -
nont Thai commerce could fad the necessary eans " pro-
secuo it, will illustrate my statement SUPPOSE .ie.e
wns an entire change in the policy OF the Fede!a Govern
ren, and that United States pans agaln 60
shJ md the mother Bank was located in Richmond,
win capa OF $3n 0G0 000 and that Inc same
isted between ans the Federal Government hat
eye,cd with the Bank does every one sec tna VII" inc
aurnus revenue Of the government every other
section OF tho country would feel the influences OF suc
draft upon their rcvcnuesI Take his Bel o. u1 u'
period OF time and would il not render OUT Town a lhpol
unt one in The OF the country o. drawing nero
the wealth. and by consequence the large conieiCa oPe
raons OF The other go liking inc uhu
hab,s of trade as TO compel concentration OF the COM
mere of all the other States 10 the process OF yearsf
historical facts for the concentration OF our oIes
Ir,dc In The Northern States But why does the Daancc Oh
exchange still exist Banks being divorced from 'ns
deral Government Tho are obvious inc Not
a,i our nnorter and oypOrtcrhc dulles OF tue govern
arm collected In gold and silver there and VIC pay men,
After being collected that part oil the reVehue VIII. 10
spent In that section for the purposes OF inc eoTeen 80
n surnus drawn from The RESOURCES oil hose "o c"ou'o
the Goods no matter how many hands they pass Iongh
Uness the amount collected by the denelai ooseIl'nc'
which Ia the nrgcst money operator 10 inc county 10 SPIN
nv the government In the exact ratio e co9
Of The goods upon which the duties are al a
which was paid the State or conmuny, wh aa 70 NC
from the expenditure is Impoverished 10 Ju NJ II, r"s
tweou the amount paid and that when gcs JAVA
ratc Two men each agree contribute 10 Inc onilaing vi
church $780, which makes $685. they eaeh hinl 10 .ne,
preacher the came sum- the priest fT hd ~ those two
,ho ,i,,bc and 10
mco To build the church. He selects in labor anu Noe VI
one $780, and OF the other $780, s II mol easy ~ .c a
the latter has more money tnan INC .U, ho SANE ann Tho
amounts and whilst they both contribute .he SANE su ,hs
one has been greatly harmed by the ias opeanGn w 'u
process and the other greatly oeneh'.eu, Inc
augmented against our State by surplus revenues wncn
demands an immediate reduction OF inc dnes
10 the wants of the counryi but there was no
venue the inequality in The expenditure OF le revenues VI
Tho Federal Government will continue 10 Keep US IN oeot
to that section Of the country which is The favored one
The Banks destitute Of any capacity 10 iSuaG au
N knen down exchanges II they had that capacity cr IN
orcss wond nreyeni them from using It, for the reason
hu thew make something by their being constantly
tho Siaie ia 10 their therefore to prevent any
LEGISLATION by which change 10 be effected In Tie trade
of the State so bring about direct export ana
trade the absence Of which augmcns the lnequsy Wilt!
has s orion in tho department VI the cueal
Government Having established these acs then int our
roundabout trade has contributed TO sate OF c'!s winch
the Banks cannot cure and laine ,as e r M rU
erces them 10 encourage and connueat course Oh inc COM
of the State propose throw into tue scale IN favor
of direct trade The entire capital OF me bsihs y cung
propoen to destroy the disadvantages under which the i'm
Dr. Ss f4nc IS WITCH FARCE
wealth of the country and the partially ol e fehera OK
nenJturcs in the North has had In dcrriving us Of our
commerce and trade by line Of State policy which WIN
render The importation and expectation goods IN vessels
owned In the State an ayofeon IN ,1e o III" Com
monwealth The near approach OF the compilation o.
our system Of internal improvements, IN whch nearly
s50 mo OOO of capital invested without any reference 10
nde or the States advancement In commercial lnds
pendence and wealth, ard entirely without any influences
The SAFETY Of our 0 5 renders ills one
Of the greatest moment 10 our future condition "heher e
whole Of our gigantic System OF Internal improvements snail
have been perfected for the benefit oil the Norern Sla1e
or for our own Advancement For the perfection OF such go
rioue result appeal that great western influence whc
for reformation aud for progress mas haa sucn Po"e
and will finish improvements whose attachments 10
The State has been sancod by the blood Of ner fathers
Tho apucal need not be made 10 every saveholde ior Inc
safety OF his property Is tied in the question The CON-
mcrcia men OF the State, the ship owner Inc arsan and
Iaborer agrculturst and the planter 'lo eazef ano
The miner the manufacturer and the consumer the literary
and scientific men, In she every Veinan should nave
direct nd ready enthusiasm in tho establishment and main
lensnce Of direct and foreign commerce. thai VIII come IN
,he day Time TO enrich our Beloved ConnonwcaIh and in
The night throw ts protection over our properly ana
lis charm land that has no superior IN resources IN
have advocated in these articles separation OF the State
from the Banka as shareholtcrhe boltolnug Of all our
Bank notes "a an ultimate security against loss 10 Inc peo
pe upon The stock Of the State the cutting oil OF Inc Bangs
from all preudcal connection with foreign ana oomestc
exchanges because in foreign bills gives 10 me DIRECTORY
The right OF deciding whose bills shall be endorsed and
whose shall mott and in the domestic exchanges because
throws Tic entire banking capital of the STATE against d.
rec foreign commerce; have advocated the encourage
ment of The commercial independence of the State by os
,orng the building and tho owning OF vessels ~ virginia
and by fostering direct foreign commerce II have suc-
creded in demonstrating the utility ind necessity OF the lat.
Ter proposition am grslfed have moreover advocated
the repnbIcanizing Of Banks by compelling change IN
all cr officers regularly; also the expulsion from clrcu'
a,ion of small notes. Shall in the next number show
The dangers to aprehended 10 The who' system In the
State ~ - '
For lie Enquirer.
THE SALE OK PURCHASE OF MOUNT VERNON,
AND POWER TO DO So.
INN strict cousuctionist, and utterly opposed espc.
chilly at The present epoch OF national history 10 au
diaaIan constructions OF the Constitution 1t is feared the
msnt ia testing not only every apparently weak but even
the strongest parts Of beautiful symmetrical and bench
cent government machinery. For certain obIecs and from
certan motyoa we attudinsrians now in all parties
and II Is feared sro constluconste becoming few and