Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1817-09-01
see the description Of Otahei!s
DISTRICT BANKS.s

1t is with great pleasure se stat ior
the information of our western rsders
particularly, that the notes OF the anks
Of this town are now at par vsIutalth
IT,. nutes Of the banks in the re IEtlVe
cities to the north and south qf this We
have been long unfairly desradedly u
nominal difference Of exchsnse WIN has
exposed the holders OF southern snk
notes 10 much iliconvenience laid exa-
ton, and to the extsrtion Of nons ex.
changers {; but We hope this | 81 81 OF
the war has terminated Our nkaave
resumed their former interc0brstSith
their dis ant correspondents, endhelr
paper enjoys an equality in u lu''ish
the banks Of Richmond. Baltiihorand
Pkiladelp hia, in those cities. Sman-
not state a, confidently that arrsngesnts
have generally extended as Tar As n.
York, al,houg II we are awa!s lhs the
notes of the Bank OF Alexandfiaave
for some time been cheertully receid by
the Manhattan Bank, ami proSat by
others of that ity, and we pre.qn.uch
!. or viii be the case in respect to her
banks.
We have much satisfaction in than
nunciation. Ii is creditable to our wn
important TO our commerce -and ie-
resting to The holders Of bank noies, no
need no longer apprehend subjeotiolto
the pay ment Of a discount. There $50,
mentioned among the happy changean
the aspect Of our affairs, within - or 8
months, more felicitory circumstnr.,
tl,an the equalization Of ou' interior !.
change. To the bank Of the Unit!
Stats., we owe many obligations, tor b
liberallty Of its views, and the wisdom
It's measures in effectins this event. b
much remained yet to employ the efor
of the state banks, aud we rejoice ta'
have consulted the public cOnveniens
and united its interest with their ow
The revival of their correspondence al
conne1ion, is impo' tant in many points
view, and in none more so, than, BY pr
Sc wing their responsibility, and y pr
noting, somewhat, community oi mt
rest, they may maintain, in a measure,
balance in the mcnied influence Of I
country, thereby obviating an evil n
entirely imaginary, that Of vast flna
cial monopoly or consolidation.
The prediction Tor the notes Of I
Bank of the United States, so very III
versal, was natural during the prevalen
of an uniayorable inland exchange
we confess that wi h all our respect
aud perfect confidence in the intelligen
OF the very distinguished gentlemen W
now direct the operations OF this pow
tul machine, we do not desire tli, p
terence to become more decided, nor c
il, we presume, when it is sufficient
known that tie state or independe
banks extend every facility in the tral
mission and exchange OF money whi
can Re given by the Bank OF the Unit
States and its branches.
This We believe to be in great {
gree the case at present, and readily p
form our duty in contributing to make
known.
We use this head, to direct the
tention of our readers TO the Observable
which follow, in preference Vt tie M
limited one of" local banks.' as We ia
no doubt, although We have not as
curate information, that the banks
Georgetown and Washington have
newed their correspondence with nor
ern banks and those of Virginia.