1811.025: Observations on Establishing an Independent System of Banking.

Published: 1811

Full Title: Observations designed to shew the propriety of establishing an independent system of banking, in preference to increasing the capital of the Bank of Virginia, and of deriving public revenue therefrom. By Henry Banks. January 1, 1811

Author: Banks, Henry (1761-1833).

Place Issued: Richmond

Issuing Press: John O. Lynch

Description: 28 pgs.; 23 cm. (8vo).


Banks was a former legislator who was long a part of the Republican leadership circle in Richmond, as well as a brother to Gerard Banks, the Republican editor, and Linn Banks, future Speaker of the House of Delegates; he had been at the center of the heated polemics unleashed by the dismissal of John Clarke as superintendent of the state's manufactory of arms, publishing a lengthy documentary defense of the legislature in his Compendious View of the Establishment & Operations of the Manufactory of Arms (1809.018). This title continues a series of commentaries on the deliberations of the December 1810 General Assembly; a month previous to this, he published an assessment of the session's agenda, Sketches & Propositions (1810.109); this title reiterated his argument there that public revenues should not be tied to private interests, and that additional banks in Virginia would diffuse the undue monetary influence of any single bank. Title page lacks imprint; Lynch placed his colophon at foot of last printed page [p. 27].

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