Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-01-08

the ate shortly thereafter replies received from two Of
, hacks against the and sn that
l. was The duty deposit anks TO funih all the specie
qursd ior these objects bu. a. s sane me Wiling
were caused second circular to be sent 10 the banks
| Both Of the circulars are herewith transmitted
r. Of Bank the Merchants aud Mechanics bank the
Rank and branches Of each Central
Inc Monticello Bank sixteen Of the state
this city after spending some lime 10 the discussion
Win ,ransmtied your confederation On the next
[ nnonted by the cow entou waited upon me- and had
ofseverai egard plan opted
The objections plan, stated the conversation
red and IRE set for h 10 three of their i,s5ut
The first sets forth prncpe which meets With
and the doctrines and d ions
Which opaiOn In direc. COZ ct vim the principle as
Guild reutin placing the burden providing for the STATE nts
e,t ana the redemption debt Alos entirely upon dpo
hanks and to that extent commercial
mechanical uing Interests OF this city, The banks
10 aid in preserving the credit state ami the burden ought
made to bear equally as possible upon all poll
| which mpnses m
Judgment just and therefore decline recognize It, Nor did
Apr which this resolution proposed
make between Virginia bondhoders and others In the first place
because citizens and In the pace
because ,uch inson sanc;osed TO be regarded
As declaration ofinably the tie
Engagements ard mus have nJaicously affected her credit
abroad The pres of the states credit all ms
object first Importance 1t Is especially important that she
| IN lnain her credit now
third esouon manes "a uniform certge rpon the
sgsregata OF the capital circulation and deposits Of all
CommOnwea IN h first OF October Last
dag deposits" single illustration will be sufficient
Injustice Of this plan, well as Its lmpraeiic
with capital hundred
not m - han on million aheu minimum capital
70 the anount twenty thousand dollars. having fourth
that thousand liars In Gle According to he
views embodied resoacn woui have rtqa
this instance seyetee1 per cent upon hundred aud
twenty thousand doirs, VII the bank had ciIcaa
exceedag tweoy thousand is irstri ton clearly
the injustice Of down by the Convention
could not therefore, recogn re her the Justice the policy
| this recommendation
banking system ets rernatlou in several We
abnnd,t easn no .ow that Slo,sy and dsrust st btt cen
them 10 sious extent when the late Bank Convention Wa
city vi gihis Bank the Farmers the
Exchange Bank er. invited the discussion
an stcn important questions
Convection together Shsn proposed to tie Committee who
upon would invite tn. officers OF tn insilu
tons to meet and &C nfer them reply was hat the Con
@ & hS M ot" a in ,s fci G!
the eNi,t.ncs feeling jealousy and 10 ty
which ard decidedly unf4vorabe TO harm jnous action
IT monetary system 1851 my predecessor has meas re
to the gisatue in referring Of tbs feeling used
IN distinct aud emphatic guage: THY are competing with
each che and their collisions and itanses are not the best IL
To- ease the Of The lines Whou. drawing ny
nyi1iou, compalon between them urge merely a f. thai
the exeMee Of the two Is not the harmony
our mocey system Which was the beat or worst either aot
oid ne 80 ~ NV ,inion than The vo with ~, s,"nS
enc and obs ya ion since IN. su,penson Of snecte
confirm fully the accuracy 81 s statement Why Ills is So
~ NAM. lar IA. r,isysnc. ~ th state of Inys n t,ny
| ~ y 4; va r 1 h~ it ~ ian ' anu s " " '''o'
H. S U me- , ~, a. sst 70 believe t,,, 81, or l
@ e ~ 'a' ~ uu' Oanas ar
IN sound and that 1sy are resson,ble and resble
~ ,trd,I ~ y. - ~ 20 1870 q. n a, ,, ar
"a. s,a IT, 80 Ln.,n =. In. i,'r.a "a .s,.
5e ss poss,pe III .u ala announcements
Una ' h e nov re eY'5t tut ne w,. 70 h heS
peced Ills plant slow growth and charity m erance and
rI.ncs e. rs m n,evsnt n fem b.irg n,no 49, H.
p,uuee ~, ~ 40 % r. ~ Il, Is p ani
great an extent as does here We must cautious OF we will
| inyoiya an I'm !, con, an rnn " " W.
Involve All VI com on ru n a l. - til, T., .-
banking We night to o,n III notes OF less densnnaii-n
,n t,y dcIsr, hut ~ N done dr,r.,s AID ~ A.
he ntnost c,,on n /. yr,rn m "a H. r,r i'm ,rcn,
Uusn: hut as Is r,rn our attention should be al
49, go r. si,id H.. a,oyI.t a., =, 80 rane,ys, a.,
pr. q; he a,,.s ~, n - viu h. ~ mus a r,s~ ,,roe,
into circulation protect those In he community
SLo II, Il, htls T4 ., Ia osnA Itl AZ no' i ia
= "a ~ 80 t - 49,. ,'. snd tro ',d - -
Etnt Of EyI,s vr 10 crci,t and according 10 The
| 80 " -, 80 ~ y ~
~ a,,,tf IT, a., =, -, -, r. w.
hank of RAGLAN, w. gqs and Of tla, npmL.. iIr .re ala
la sso in i,r ;r,,ors ,j ~ scop,, l. -
r ,orinus sum Of fgag, 90 nrar a n Il ian and NJ
t.i,.s A.. "a, t.tI A., .t,-r.ir, =, r. - -,
- ~ -, -, H. =, ty ., lI. ,ros,ar, II.
ua' io 49,. .,, ~ a, w ai -, ~ ~ i " NC
e. a ~ ill., , hs,t m ,,,rinJ M it,l. M t.an "a,
| - " -. 80, -. - - -
yS''', '', -. "a, -, " -, - -
v,r,S 49, SD. - Ian ,or,I No.. ia. ~ tc',,, Snj
49,, yrsts ut al IN. taruty.tao Int hoS. figI e,tloI
of LING conn ct.d IA te notes reference To any nj
.ble l,tee,r IN how TIA, the Jous al f,
m M United state If lec. aud siae banks If tHd la, nd
under are oe than ten 10 ne o. tne edition., . tgeut dr.
I'D nw,rds these strsuc facts are extracted Tom a c
-. on. y. :, y, hy ,, ,u MT inf,r1s a,i
rry s, deceive 90 be ronderc In y,ur G. IN of he
ia, linn tve-t, dot,.s .-nu, i,y
h.nis YOU IN of course o tit the Of note. Of other
| ,i-t-. 81 a H., d.noninai.n
naR-A custom prevails throughout virginia In perhars al
M h. Is Nv which ir LOANS are confined 10 Great ,trt 10
nos, persons who can osef t On Noftarrp ce. Tp icy
IT, IN y opinion not only community but il
h 10 he anEs long As the spece OF our aAkz A.p In
New Yo or other Northern cities 10 be- drawn on Ia favor of the
noI.s ~ fr 70, We are pr,fc v n. tie r.rrv -. ,..
-. y rom ,y N nd .,ci. ,,y.,,. w. a.
ns,ariv eoar,s 10 sg.neSd ao This vas la
zach bAus be the an Of It's hut while his
na pt.v.,lt ennno, he W. need . greater smell rircI,
ion blt Is We Jan never have so long as the vaults Of cur banl
hue than BIN. aud mites dis oanted most OF which
| lie mt f he