Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1856-01-18
for liz E~r;gT:s.
xn Er INK IH::tIENS.

:. rr.,..-Ir my ir;,rrr,Irr: with rrH:i".
....y -, L.iu,r,: Gni experience, h'h "'":r'i'"'"s
.ni practically y, ia s'H'h-"'''''' ! " -'"'' : '"' .n"'
:, y.trv large ,ri ;Iu.I ol i!;r.n arr III favor 'i l,'-'ii"r.
,.,iu., the ,uI l:vuks. Til-ir p:ri:rrtc"- i': The "id
s, ,,,lu II B,rih.uy over that ut ~" new, depends
MANI, up"i, Il consideration Npi 'iicii H''ude" 10 ny
tlr. :.i"nca'rs "f either sys;rin. ii"E lear INA an'r'S
,hr q Banks nru r,-ct:urlcird, liz" currency ul me
safe viii suffer II sud len drrccriH!i"il, and, eoIi%e-
.Iur:u.!v. lie lrrr,.e must, II stat 'N'ri'i, suffer mncl
boss and damage. Nor, as il s'lrPn'ri, thnt th"y pre-
Ter or regard, rs u system, the "t L lrr'"r'prG !"
Ihc new. Upon the contrary, II he people crn.d DC
satisfied thn; she new svs!rin, ~ p~rul"se'i, would alb
sorb the State debt, and prevrnth pressure upon tiiem
:ur taxes, l:ry wvuld most cherrlniiy Instruct thcir
representatives TO adopt the new insteau oi Jus oiu'
Buf. sIrs. questions touching our present Bnhkin"
,rr,prrucuts, have not becii sufficiently crnvassedi
indeed, more has urea said prn and con, touching
,ue.;juu, of this character, for the past few months,
;ian had been suid for years preri"iis. In facr, our rrn-
of. have not had sufficient lit"r''Htlnn upon HE qaes-
inns ;uurhin.- either system ~ ankiug, as would
enable them 10 act advisGdiy upon 81 important q
matter. Has the Legislature, such information M viii
enable it 10 act "drisrdly upon the merits or dement's
If .i:he. or bo.h systems OF Banking II 10 feared
by many thnt they have not.
If this be true, what is to be donel Upon the one
baud it.c very large State debt, aid Il bankrupt ircn-
surv stnrcr the Legislature in the face. some uislio-
sition of the State bonds must he nude. lie debt
mus, be cancelled in ono why or the other, either by
'aSu;iun III 10y making the bonds oil the S'nte " OASIS
.; circulation. Upon the other hund, the old Ba'k
nunuyo.ie-, with all their Influences, arc brought 10
bear against any rrir".I or changes whatever. Inc
time for The Legislature t" net, Is at hand. 10 deier
action upon the B.Tt, questions. which ought 10 bo
determined this wIn'ar, until next, would burden Inc
people with all III" costs and evils resulting rom such
A course, and tend To Increase the Embarrassment
which il is So earnestly sought 10 relieve, besides m
iirt upon them the evils OF Il deprecated currency.
II is generally conceded that, under the clrcum
stances, tho Legislature cannot do otherwise ;tian re-
charter the old Bank. But, ~ far rs | have been
abb, TO Judge of the information l have gathered from
others, the opinion is prevalent among The people,
hat unless the Legislature adopts two general sys-
ieIns of Barking, tho independent and the old, 1t
should unhesitdlingly grant charters to all PERSONS
applying for leave L" conuiciice tie tree ana lnuc'
.,ondrut method Of BankinSi and SUCH upp!lca'ious
should be granted nj MS carly Il day nS pua.iblr, 50 III
20 cuuble prrsuns Wishing IL comtIcucc Banking up
III Siatr securities, to do So AT once, GnG 10 that c1-
cent relieve, for the present, the State. There are innny
porsuus who ue willing 10 invest their capital in this
way, and begin Banking upon the independent Sys-
tenn, whether they ao authorized 10 do 80 10y II spc.
cial or general act ui tho Legislature. Indeed, l mn
informed Of companies Of gen!ieneil VINO, are pre-.
pared AMI willing, so SION IT, t!r Legislature will
determine which course il viii pursue IN this mattcr.
10 invest their funds IN the stocks of the State, aud
:Ie-in the independent system ~ Banking. Ii the
Legislature does not act soon, there will be petitions
presented 10 that body for special charters, upon
which petitions Que coaiG scGrriy imagine that there
would be or cou.d be- Two OpinIvus. SO fur as | um
individually, ] prcfer the old system
20 the uow; but have ever regarded II Us being GOOD
policy for the Legislature other TO have two general
rystern OF Baking IN iG= State, or else do al! IN ,hcir
luwcr 10 facilitate tbs sales u tho state bonds ~
bankers authorized to act by special charters.
MORE AScN.
Sorru-WEsrERS VIRGINIA., JAS. 7, 1856.