Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-10-26
Lrtonl the LYnehburg vlrgInIan.l

B,SE SrsPgNsIoY.-Ia week the Virginia
Banks suspended and, we doubt not, the whole
South will follow. The only thing that we see
to COMPLAIN Of is that t the mFFiHIa a an az
timorc Banks more than two weeks since In
this month, there has not been less than $780,
900 in gold drawn from Virginia Banks and
sent North. In this month not less than three
hundred Banks in the North have suspended,
and we doubt not that few days will close the
vaults of all tue Banks in Virginia and in the
South
T With New York, Philadelphia, Baltimore and
Washington on the North and South Carolina
on the other side, we think Virginia was con-
PEELED to fail into line, and the whole South
must faolow in short time. We take Ibis OPP
portunity to say to the holders of notes on any
of the Virginia Banks, Except the Kanawha
Bank,) that your money is perfectly good
don't let designing men cheat You quito it
Every Bank in the State has more than double
the amount of its circulation due them, ard the
Exchange and Farmers Banks OF this city has
more specie and drafts alone than will cover
their entire circulation. So we say to onrread-
ers, don't lIe alarmed, your notes ON the Banks
of the State are perfectly good; just as good MS
whcat--we ou-y wish those indebted 10 us would
offer to pay their dues in Virginia Money-we
should show our filth by our works, by giving
them receipt, with very polite thank you, sir,
in the bargain.
We say 10 every OuG il'lNIisE l'OtES va - ~
ginia bank, use them as you have heretofore
done-in paying your debts, and the greater
fool he he that refuses thcn-Or If you owe
nothing, then keep them, for they are as good
as Hde6t.
Let Gov Wise forthwith call meeting of the
legislature, for who ever knew him to shun re-
sponsibilitv? His lion heart is full of generous
/ manly Impulses. He saved Virginia, he saved
I the Sonth, he saved the Union, by the bold step
I he took in arrcstiue the progress of Know Moth
.ingisTu. Who believes that Buchanan would
have been our President had Virginia elected
4 ElournOy instead OF Henry \. Wise? III the
J Old Dominion had SURRENDERED the whole South
woud have followed in her wake. But thanks
to Governor Wise for his bold, able and manly
light Virginia is indebted to him. lie South is
indebted to him, and we dln.',; nut in 1850 the
the highest henort IN the gilt of a free people
will be bestowed upon him.
Let the Legislature deal with tho banks IN n
far more liberal spirit than marked their course
in 1897. II they think 1t best, let them appoint
a committee to examine into themat;cr, and our
word for it, they will find our banks not only
snJs and sound, bnt ready TO resume specie pay
mcut as soon as the Northern banks give them
the assurance that they will not he Preycd upon
to their injury and to the strengthening Of those
banks. The suspension of the Virginia banks
was not one of necessity, but of sclfdetcnce, TO
prevent the gold from being sent to the North
crn cities To sustain institutions, which 10y thelT
enormous expansions under their free hankIne
system, have given encouragement to all sorts
Of wild speculations which have brought the
present financial crisis on the whole country
Ne repeat. the only Just ground of complaint
4 that can be made against the Virginia banks is
that they did not suspend rs soon rs the banks
in philadelphia, Baltimore and Washington did
md thereby retain the enormous amount ot golf
that, hy their foohardincss, has gone 10 tn,
Northern cities A liberal spirit on the part o
the Legislature toward the banks will greatly
relieve the whole State, assist the merchants
aid the miller in buying the wheat, and enable
the farmers to sell their products for fair prices
and bring relief to all.