Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-02-07

consideration. lie Increase OF the liiStl- |
tuition in New FORK in the number OF It's |
students, in the amplitude OF lis accom-
modations, and in the respectabilliy offs
character, has kept pacesuiih the science
and celebrity OF its professors. And HE
recent ad,Iii,on OF distinguished teachers
to the establishment in Fairfield, places II
oh high ground, and in the road To pros
perily aud usefulness. The appropriate
ons 10 medical education do not exceed
S60,000, sum by no means commensu-
rate with the importance OF the object
Every well-educaied physician becomes
not only a conservator of health, but d
missionary ut science. Wherever he es-
ablishes himself, he will convey and com
tmuncate useful knowledge. Two hum
dred of our youth, annually dispersed a.
Yer the country, instructed IN medical
knowledge andiis cognaie sciences, will
in the course OF ! few Years effect AN aug.
mentation in the state of general inlorma
ton equally honorable and beneficial 10
the community. And no measure can be
more conducive TO the prosperity OF our
medical institutions, To The responsibility
of the professions, and to the preservation
OF The publH health, than law rendering
an attendance upon lectures in the univer-
siy an Indispensable passportio medical
practice.
"The principal societies devoted TO H.
terature, science and the arts in The city
of New York, have by the liberal patron
age of The municipal authorities been col
lected IN a spacious and accommodating
| edihce under the denomination ofihe New
| lork institution. These associations are
forming extensive and invaluable colec-
| lions OF the works of line fine arts of our
animal, vegetable and mineral produc-
| lions, and OF books and manuscripts illus
traiing our civil, ecclesiastical and natu-
raj history, our geography, antiquities
and statistics. They are also zealousv
engaged in exploring The extensive field
OF natural science /; i'll developing the
principles of roiitical philosophy, and i'm
eXaiiiug the literature OF our country.
Whenever such institutions appear, fIiey
are cniit led ioihe countenance OF govern
nent, for there will ever be an intimate
and immuable alliance between their adj
Yancement and the glory and prosperity
! of the state.
(" The evils arising from the disordered
state of our currency, have been aggra-
waited by the banking operations Of indi-
viduals, and the unauthorized emissions
of small notes by corporations. They re-
quire the immediate and correcting inter
| II 10 your serious consideration whether
the incorporation OF banks i'll places
where they are not required by the ext
| gencIes OF commerce, trade or manufac-
| lures, ought 10 be countcnanced. Such
| institutions having. but few deposits of
| money, must rely for their profits princi-
| pally upon the circulation of their notes.
and they are therefore tempted 10 extend
| II beyond their faculties. Their bills are
| diifused either In The shape of loans, or
| by appointing confidential agents TO ex-
| change them for those of other establish
menls. But the former mode being con
| ducive 10 profit, is at first generally "a
| doptec, and in the early stages Of their
| operations, discounts are literally dis
pensed. This produces an apparen; ac-
tivIty OF business and the indications of
| prosperity. But it is all fictitious and de-
cepiive, resembling the hectic heat of
consuming disease, moi THE gemialwarmih
OF substantial health. re action soon
| takes place. Their bills are In turn col
lecled by rival institutions, or pass TO
| the banks of the great cities, and paw
ment being required, the only resource
| left is TO call i'll their debts, and exact
| partial or total returns of their loans.
| The continual struggle between conflict
| ing establishments TO collect each others
| notes, occasions constant apprehension.
| The sphere OF their operations is narrow
| ed. Every new BALI contracts the area
! of their paper clrculdtion-and after sub
| lectIng tile communities within their re-
| spectiye spheres of operation 10 the
| pernlcious yicissitudes of loans al one
period profuSely granted, and at another
| parsimonlously withheld, they finally set
| tie down into state of torpid inacfion,
| and become mere conduiis Of accommo-
| datiOn to few individuals. The Iegisla-
| iure are then solicited 10 APP: ~ a remedy
| by The incorporation Of other banks,
| whereas every new one of this description,
unless attended by peculiar circUmstan-
| ces, parallzes portion of capital and
! augmenis The general distress. The ba-
| nlshment OF metallic money, tie loss of
| commercial confidence, the exhibition of
fictitious capital, The increase of civil
; prosecutions, the multiplication ofcrimes,
| the injurious enhancement Of prices, are
among the inisclIicfs which flow from this
| state of things. And IL il worthy of Sc
! riOus enquiry, whether much greater
! augmentation at such institutions NAV
| not IN course OF Time produce an CXplo-
| sion HAT VIII demOlIsh tie whole sy stem
! ihcslOw &perlodical returns ofhusbaHelry
| beng incompetent 10 the eXincucies of
banking establishments, the agricultural
interest, is the principal snffererby these
| proceedings. Audi wilhdecprcgrett that
feel constrained to- mentions that some
practitioners Of The law, regardless OF lhe
| lngli responsibility OF their profession,
bave added io The dislresses Of the coun
Try by buying up notes iu order to obtain
| cxorbltai; premiums audi the COSTS Of pro-
secuilnn. The fate OF the manufacturing
| interest, the excessive consumption Of TO.
reign commodities, and lie introduction