The enquirer. [volume] (Richmond, Va.) 1804-1815, 1806-01-11

VIII beg leave to take another view of CON.
PARTON OF exports aiiti bank capital.
we nave iccu the exports of the article Of
hour for the year ending Sept. 1904, we're
$4,000, barrels. Ofthis an Informed tat
tor that year one hundred and fcventy or eiph
~ thouttnd barrels were infpeeted in th.s ii:,e
Alexandria fuch was the trade. of this iuya,,,-
able export, to that place. Flour, ar. is
believe an article which in it's trade REQUIRES a
greater Quantity of ready money to manage it,
tnan perhaps any other. Let MS compare II
tor initance with tobacco. When lhipper is
dehrous OF ihippng cargo of -four, he is OBJ
ieed at once to lay out a large finn of monevin
tne parchats. de cannot buy to day a barrel,
next week another, and next year conp,eat his
cargo. But how is tit with the tobacco mer-
chant! His funds fall in to day to buy !, bt5 /,
Tomorrow he tells goods to the amount of sno-
tner, aad next year he may compleat his cargo.
and the hra hid. will perhaps be beR. II is
not 10 with -four. Again when the thinner
othour IS making up his cargo, he can re-
ce've no aid from drawing bills. Bills are frl-
dom or never drawn on the WeR-Indies our
u'uai market for -four, becaufr our deot, are
Que and our remittances are to be made 70 I'm.
rope. But on the other hand, do we not know
! that a'niPper or tobacco can aud often does
draw bills q value Oh the cargo of tobacco
TO one hall or more, and before il leave,
ms wharf his funds are to that amount
. '''",'' a hCs Unur merchant On
the contrary, if he has remittance to NJ.
to Europe, mutt direct his agent to buv h;ll.
! IN the Nelt-lndies, or he is Obliged to bring in
return the articles of WeR-Iadia prodsce. zra
/ remit the proceeds of that. This is the wav
we get clear of our Hour, and f,ch is the mo.
MED capital required to launch il into trade.
J. Alexandria then has made an tx,ort
III Que year OF tsis ready-money article Of our
commerce, to one fifth OF the a,:,onn, oe Al, ,h,
/ United States, while her bank capital ,x,s; ny.
as one to on- hundred 9th bank cso-,,, ,f
the commercial towns of the United States
One ,other fhort view beg leave TO Offer os
tins fanJea. ltappears by public tta,emeuts.
that forthe wear ending September, 1904. tne
7 whole domeitic exports ofthe United Staf.s \.
mounted to about "a or 25,ooo.ooo dolls. north
! OF the river Potomac. The exnortS or ,h.
town of Alexandria were about II so ooo Al, !
Tor lhe lame me; equal then 10 ahcnt 90
OF all the northern ftstes. Her bank capital in.
Head OF l-2o, was perhaps not more than ,b.
one hundredth part. Thefe companions have
been made under the mott unfavourabIe Cir
cumitances TO Alexandria forthe exports which
ousht to belong to her, are to great amount
Carried 70 Baltimore, and this at An exnepce %,
the citizens of Virginia Of ten per cent on t,,.
value OF their produce, fthey could get an equal
market at Alexandria.
might lay. lii, that the petition that the
bank. capita IS TO be confined Ivy the s.,icnrt of
exports, is incorrect. believe it might be
proved to be 10, and that exports win berre,.er-
VI the bank capital is greater this is proved. bx
:. the d'vlhon the produce of Virginia has GfE red
from IFS natural market, becaufe there was nor
capita, there to buyis. IF there had been ca
P'tai there the exports would have been great
en- tran at Ills day zve are able to fate.
Gen. Minor iald, the opponents of the bill
were wiling TO vote upon it without further
auculnon. lie believed that a comfortable
majority of the committee would be found op-
; Po'ed to 1t {: If there was not, it would be time
= enough tn foesk asana the bill, when it was
reported to the whole Houfc.
~. Tazwell ieconded the fnggeaion.
> Inc q'etIon was then taken on ftriking out
the hrit fiction of the bill. and carried. The
committee then rof-, and the HouGe concurred
, IN their amendment. The Houfe lid not come
TO hnal vote upon the bill. II aill laws mon
the table, open for any amendment which its
!I'enas or the friends of rev bank may with
TO introduce. We upderftsnd that the latter
are determined to bring forward the fubfitute.
winch we have already announced.