Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-06-04

rendered to- paralyze commerce 10 a de
gree uniorv seen by The best calculators.
I he press u, u OF the banks, It's contraction
OF discount ., aud finally the late arrange
mems of he United States Bank has
brought every thing 10 a pause--several oi
the oldest aud most enierprising houses
have suspe hded their operations for the
time. The effects 10 be produced are
fervcnlly expected To be lasiingiy beneii-
cial, showing forcibly the real value of
money, reducing &c regulating pari passu
the prices OF provisions and labor, and
equaliziDg them with The markets abroad
aud al home.
The PROFITS drawn on domestic pro-
ducc OF late years have nearly all res,:lted
TO the faro"rs account, whilst the mer.
chant AT every risk and hazard, saddled
.with enormous expenses, has for years
been The loser both incAporis and returns.
The present state of affairs (the very
good prospect OF Il bouniIisl harvest be-
ing also at handD il is hoped will so open
the eyes OF the merchants. as, TO use u
trite phrase, they o,ay see :. 10 count the
cost, before enbarking too deeply again
We have the example Of Europe before
us, aud the consequences. il II were need.
ed.
NEWPORT, Or. ~ May 22.-lt is with
yegrei we learn That Lieut.. Col. TOwSON,
Of The u. D. Light ARTILLERY, commanding
the garrisoDs IN this harbor, has resigned
his commission in The army, and will
leave town IN a few days. 6ierc.
FRANKFORT. XIV. MAY l4.-On Friday
evening last, hi,lc after sun down, one
Of The severes, gales recoilvcted by our
citizens passed over this town. The Two
cI'imnies on the north end o fihe starebouse
were thrown down, and, in their fall, broke
the roof and dashed out one Otthe gable
ends of the Auditor IL Treasurers office.
A part of the south gable end OF MIR.
Sebree's three story house was blown
down, which crushed III lis fall the root
and ceiling of The adjoining frame build
ing, In which were several persons, who
narrowly escaped destruction. The roof
and upper story Of Mr.. Hannahs new
house ia South Frankfort were nearly ru-
ined. Several other houses were injured,
and much wood aud timber were prostIa-
ted III the town and neighborhood.
In Sbelbyville, "e understand, the new
brick church was made Il perfect ruin
and a part OF The banking house was
blown down.
In Versailles, some damage was done !;
but we have not heard the particulars.
CINCINNATI, May At is currently
reported and generally believed, that the
banks OF kentucky are about 10 suspend
The payment o! their notes in specie. Ii is
said that Tue directors of The state bank
were equally divided Oh The subject some
time ago.
Thus ournrighbors after having abused
the banks OF Ohio, aud assisted 10 depre
ciate their paper, appear willing 10 ac-
knowledge the wisdom of our policy
They can now tell, by sad experience,
how much Of The precious metals they
wsuld have saved to the country by
adopting il sooner. [Lidsrty Hail.
CHILLICoTHE, May Give under
stand that the propositions lately made
10 the bank of Chillicothe, by The Sccre-
= tary Of the Treasury, have been acceded
TO; III consequence of which that institu-
ton will hereafter receive The United
S ales deposits from the Land Offices in
Zanesville, Marietta, and this place. The
terms which form The basis of this ar
rangement are nearly similar to those
offered 10 the Farmers and Mechanics
Bank of Cincinnati, published in this pa :
per few weeks ago.
The Cincinnati papers state that the
Farmers and Mechanics Bank of that
place has acceded TO the propositions of
the Secretary of the Treasury, respect
ing the government deposits, aud is now
redeemlng It's notes with specie.-'fhs
same papers also mention, that JOHN III.
PIATT a. Co. have made permanent ar
rangeInerts 10 accOmmoda e the holders
OF their notes with land-offiCe money.