Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1859-05-07
MIR. Lctohcr and the Hanks.

The following just comments the declaration of Mr.
Lc,cher that ifhe had been member of the Legislature
during the time of the monetary crisis eighteen months
ago, he would have gone 'for divorce between Bank
and State for selling every dollar of stock that the State
Of Virginia has in banking institutions aud FOR The col
lection orvsHue IN gold and sir,r We take from the
Staunton Spectator, and commend the deliberate at
tenon aud reflection of readers Here is what the
Spectator says
ION the 2lst of December 1887 the bill to authorize
the issue OF Treasury notes being under consideration
the House Of Representatives Mr. Letcher made speech
in which hc said
so" think that the banking system has been carried to
very runous extent, and have no hesitation in saving
now that il in the Legislature Of State at this
crisis should 60 for divorce between Bank and State
for selling every dollar OF stock that the State Of Virgin
in has in banking Institutions and for the collection OF
,sreate ~ gold and siiteF.'
sir. Letcher has Tccanted this opinion but on the
contrary rearms it. In his speech Petersburg
hc said 81 did make that declaration in the House OF
Representatives, and have seen reason withdraw
it, Here then we have his deliberate opinion upon
Of great practical importance and an explicit dec
hra,ion Of how he viii act Governor of Virginia up
on the occurrence Of a similar emergency The crisis
aaded TO Is the great commercial reyusion Of 1857
vince all the Banks of the country wefe compelled To
uspenG specie payment. The facts fresh the reco
lection q! every racer. We az rensFabsI the FEELING
e.citcd in this community BY tie rel, Dr. Ts,--
Central Railroad 10 receive The notes irsi Bal
and Of de Bank OF the Valley at Rtab.l End ih~rso
nest remonstrancsa which resulted ~. 9, = -
the order Suppose now ,hlt Gov 49, ,s-.sssts
th ShsTds u reject these notes Ns Siered in pay
aent OF taxes Slat universal distress have en5ac
There was aOt gold and silver eH,e q = dle ,4a.l
10 pay the revenue not one ssasx J. hAs cartl
I'have paid his taxes, large slfg{ % 30 +rss
would have been seized and ~ flr NEf.,
and almost universal bankruptcy fsslid hasl 81
suited But Governor Wise did no ''ing. ,iihSleh
as much harl money as Mr.. 4 Ter H. ie !ooS a
common seuse VieE 81 ths mates. saw tlu u v7-
time for putting his theories iD .'ice. etl,re-
10 relieve tho ucuUlf - ifnFf
ed the Shcrifis TO receive the NO VI iispcH-d Earls
expecting TO Ihake agrAns : Tor q q r ed. .r-
ton. An arrangement was m 4 an rt-. ifes-ary
suffered injury, aud tie pe- (s.caped .c ddng ser
which threatened them.
'Aig. Ictcher ttils Jlaulv, ne VIZ ~ "a - 4ore
and what lie will still ID GO Jtor uui.er .ir Ears
circUmstauCcs-circm ~ Fiia I.s.5 ufe iiu.
ring lis term Of Office. lie wr joy i.4-.- evsTr 3o
Lar of stock that the state hls iinlA iustita,ion.-
q time when few person, ~ y rcla; alid slIe
property must he aa,rifc,Iyl, iof ~ e,naatC ,.
revenue in rJid and ed ~ she ,cauno. De- L.l
in sUiCicn. amounts Tor tie eli9r o.. ordinsrt hi q
ness. fhis l. Mr. Lctchet - sctis tll.c ru5i.sIi1-
Like Dr. SanErado he stci f.s tile0ry, sithout ~
gard TO circumstances. AID RfH 10 KIN 0r ctrtf ID
has, however told the p,ofe 49, 81 a., All ts-y
LIu5t abide The COu-J Iel = = ai-fsl i,fcli0n.