Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-11-24

| rom TIE establishment OF our National
Bank. has not been realized in practice
specie is above par. and the United States
Bank Shares, arr below those of our State
Banks.-Creat disappOIntneuis have been
felt by al! classes otspectlators, and great
sums OF money have been lost. Much dis
iress prevails IN all our commercial towns,
and the Wissacres, who foresee every
thing, especially THAT which is TO be iniu-
rioms to others, are issuing daily bulletins,
proclaming the certain decline in price
OF our produce, our lands, our houses,
and every thing else heretofore esteemed
| valuable.
! To all this jargon, what should dis
passionate ieasoner reply =" Don't give
| up the ship" A few months will produce
| a change, and set all things right again;
for confirmation, look tn the condition Of
Great Britain two years ago, wheH all
was dark and dismal in the commercial.
! and in the political world, and compare
| il with her present condition, when all is
animation and prosperity--May we not
more reasonably expect such change?
Both nationally and individually, we
| are more capable Of meeting the pre-
sent shock, and with moderate portion
OF manly frmness, IFS effects may be made
fleetlng and harmless.
| i1oW VIII tue WOTUS Oi OUT teri apply
to our slandsred and much injured city
Never was true courage more required 10
support the true friends of lis prosperity.
Never did plague, famine, or the incur
sion OF feroclous enemy, produce all et-
iect more completely depressing the spi-
riis, or disappointing the hopes of those
WHO looked forward 10 the growing con-
sequence OF this capital of the ancient do
mmion. Rumor with lis thousand living
tongues, predicted the downfall of our
lately wealthy and Furnishing city ; pro-
perry within lis limits became the scott
of the money lender for some months,
every mans credit and sufficiency of
means, was assailed by the tongue of
falsehood, malice, or envy-Terror, dis
trust and detection were seated on every
brow, and the predictions of the brokers
were received as inspired prophecies.
From whence comes all.this wonder
working influence upon the prospects of
| city, which was few months ago the adj
| mlraiiOn of all strangers, for the rapid.
ty and brilliancy Of its improvements.
| both public and private? Is the present
state OF things TO be attributed TO the ac-
tuai losses arising from stoppages Of pay
| ment! No one will be hardy enough to
| support such an assertion-as the whole
amount of stoppages is comparatively
small, and the actual losses (where any
shall occur,) will be divided with other
| towns, and the adjoining country.
Have any losses in bad debts been sus-
tanned by our banks =? The answer is-not
one cent.
Has there been want of capital to pur-
chase produce! Tobacco and -four lave
commanded good prices in cash, or on
short credit, and the competition in the
market has never been greater, chiefly
oil the capital and credit of Richmond
| merchants.
What are the probable returns from
such purchases "A rich harvest of pro-
| Ft is promised TO all who adventured in
tobacco, and no heavy losses will fall up
on the flour dealers.
| What are the present prospects of your
| importing merchants? The sales of the
autumn have been admitted by all to have
been made with promptitude and profit,
ana the merchant who has imported his
goods direct from the British or other ma.
nuiaciories, has enjoyed many advauta-
ges over him who has adopted the circu-
ltous rout of importation through New
York or elsewhere thereby establishing
| The impolicy of that slavish dependence
OF our dealers OIL the capital and enter
prise of our sister states.
Has James River Qately called by an
intelligent traveller, the Egypt of Ameri-
ca,} ceased 10 crowd our basin and our
warehouses with its Invaluable produce
tons! NO-RichmOni cannot fear a ri
val to the products of fruitful country,
more than 800 miles in length and 100 in
width, Improving most rapidly in It's ag-
rIculiure, IN lis industry, in its morals
and III its physical resources OF every
| nd mn ntc Of.
mandng the trade of double that extent
of country.
Are all our views TO manufactures arts
ing from our commanding water or mill
power from James river, and from the ad
vantases IN the use of coal, blasted Eve
~ year develOpes new hopes, new Ger.
families on Tins Important subject. Pie
James River Canal has furnished mill pow
er beyond the expectations of lis most
sanguine supporters. The individual en-
terprise OF Col. Harvie has already pro-
jected works of incaculable value on The
Broad Rock Island on The Chesterfield
shore, Messrs. Clarke, Bowdoin and
others are examples of manly enterprise /;
and tie operations OF the Dock Company,
in cOnnexioR with the works ofthe Messrs.
HaXalls, will bring an extensive milling
power into tine heart ofoUr city, calculai-
ed 10 furnish every citizen with such force
of water as his particular wants may call
for
Are The citizens Of Richmond more in
debt than heretofore! The answer is, that
the three banks have curiailed their ac-
counts in the last six months more than a
million aud half OF dollars and ndyi-
dual money lenders have called in an d.
mount not much inferior-sucII has been
the diminution of bank debts of our CT
tlZens.
Is there real scarcity Of money 2" For
| Oue and an H0l( Uey. cent yIey. ,,,oufL any oond