The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-03-15
NEw-YoRK.
IN ASSEMBLY-Feb1 10.

. IN ASSEMBLY-Feb. 10.
The committee appointed on the petition
of Thomas Stage. Jun. and others. inhabi-
tants of the CRY of New-York. praying TO
be incorporated as banking institution in
said city, beg leave to
REPORT,
That your committee, having taken the
subject into consideration, are led to believe,
that the following statement is substantially
correct:
The city of New-York contains the great
est number of inhabitants of any city in The
U. S. and is the capital Of the state, and
which state contains the largest white pop
ula'Ion OF any IN the union. and nearly one
eighth of all the states now represented in
congress, and that the tonnage ofthe port of
New-Yurk is more than double to that of
Philadelphia, and nearly 8 to 1 to that of
Baltimore, and that in exports and imports
the city of New York exceeds the above
named places in a greater proportion than
IN her tonnage and it may fairly be stated,
that New York. pays from one third to one
fourth o all the imports of tire u. S. and at
the Same time. the present actual bank can.
ltal OF Philadelphia and Baltimore, exceeds
that of New York, about two millions of
dollars, which mast necessa lily give them
greater taciity n transact ng their me can
tile business, tn n what is expcrienced i'm
Navy ark; and which PLACE, nhder he ..
aforementioned existing circumstances. is en-
titled, TO larger banking capital than Ell
ther. Philadelphia r Baltim IRE both of which
are rivals to New-Y"rk and possessing that
superior bank capt. al which they manifest
ly use to public advan age as we'll as 20
their own emoiument Therefore to vouf
committee, there appears no sufficien, rea
son why the Citizens of New-York ehouid
not enjoy the same advahl ages and in their
opinion 1T would be public advantage. to
grant them more banking capital. Under
all these considerations, your committee are
also of opinion, that it will greatly tend to
the advantage OF the mercantile, aericnI-
tural and manufacturing interest OF the city
and state, to incorporate the bank request
ed They are therefore Of opinion that
the prayer OF the petitioners ought to be
granted; and they have directed their chair
man to ask leave 10 bring in bill for that
purpose.
The following is an extract of letter
from an American gentleman of high
respectability residing on the continent of
Europe, dated Nov. 8, 1S1O.--yMt. Int
Notwithstanding all the vexations and
depredations to which our commerce. din
ring the present year, has been exposed.
pressure it viii, upon the whole, prove profit
able even to the merchants The issue
which has been opened to the principal pro
auctions OF our agriculture has been ma
mense, and the farmers and planters suffer
comparatively little from the injustice of TO
reign nations and princes Our government
trust, will adhere inHexibly to the system
ni neutrality, which hencefOrth exDect will
not be difficult that alone will preserve
our indie pendence amidst all the European
revolutions. The war against colonial arti
cles OF merchandise, will in all probability
be continued at least another ye9r. and ar
present, having assumed the form of heavy
duties, it may be mere troublesome than n
has been in the shape Of prohibitions. or o
ven OF conhscation But they will eyentu-
ally make their way through that, as they
have through the others. 1t appears not inn.
probable, that one ultimate result ofthe ore
sent war, will be the total di ,solution of the
European colonial system-France has LOST
an her colonies--Holland no Longer ex;sts-
Spain has every prospect Of being irreco-
veraby severed from all her trans Atlantic
possessionsA-aud Portugal has alread,. bv
the removal Other royal family 20 Byszif.
made way for second independent power
In the western hemisphere England aloue
remains with her Colonies but they sil he
OF little use TO her in hat relation ,vhen
the two American continents, and all the
important islands Of the West Indies. vill he
open to the trade of all the world I, Is i'm
possible that all this should be restored at
the peace.
" The north Of Europe has, during the nre
sent year. been he scene of some lmpo, tan
1ff fftx.r