Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-05-25

mGmiiy. Their common desires aud NE
cessities unite them by ties more power
tul than any that could have been known
to the ancient state of society. Their
Is, IN consequence, species of sympa
thy as relates 10 trade, il we can SO ex
press it, between modern nations, how
ever distantly situated. Commercial EN-
barrassments in Que country rapid,
spread to others, with which il has es
tablisled intimate relations ofthis nature
and which still extend until they embrac,
the whole circle of commerce. The pre-
sent almost unparalleled crisis in trade
has been produced by the two.fold opera.
ton OF long wars and an unchecked spi.
Tit Of speculation. In the old world, the
former cause has had the greatest range
of operation; in the new, the latter has
had the widest scope. Credit, in both
cases. has been the fatal engine by which
the or alter part of the evil has been
wrought.
Governments that are desp0iic accom-
ptish their ends by correspondent means,
and, where credit cannot exist, extoriion
Will supply its place--bat those states
that exhibit some share of freedom, and
who Disguise the burtIen in the shape Of
loans, still encroach ON that capital des-
tined tor the support of productive indus
wien peace resumes her empire.
lie long and obstinate conflicts that
arose out Of The French Revolution i'm
pared the resources of the most Opuent
ndtions who were parties 10 them. Great
Britain was subject TO none of the ravages
that attended the march of the armies of
the continent; vet hers WAS the treasury,
the common fund, from which her allies
led and replenshed their starved exche-
quers and the distress of her trade and
agriculture afforded plain and undeniabIe
proofs that even her large resources have
been too far encroached on. With how
nuch greater effect have those wars ope-
sated in thecase he continental nations,
which are SO rich in capital, and possess
ess aidressand perseverlng enterprize in
trade
The funds that go to feed and sustain
commerce have, therefore, been wasted
hy those long wars, and artificial capital
has rushed in to supply the void. Credit
Is tile art magical of commercial nations,
by which Neutrality-suspicious. is sometimes
sustained, and the spirit of ambition ex-
orcsed but the spell that works such
marvellous effects, also works future and
dreadful ills that are hidden from view
The mass Of artificial capital floating in
fhesilape OF credits, and which stands in
the place of solid wealth that has been
drained off TO sustain wars, must, at some
time or other, bereduced, and these who
have been prodigal borrowers, who have
bul' the whole fabric of their business on
this perlshable foundation, must expect
to pay the penalty, sooner or later. Of a
sD,rii OF incauiious enterprise or rash spe-
culation.
But, although too extended credit has
10 IS 81,
commercial distress i'm both the old and
new worlds, we may trace that evil TO
different sources 10 Europe and America.
Wars have been The ultimate cause, and
credit and artificial capital the inevitable
effects ~ the first; but spirit of TOO
active competition between the innume-
rable banks spread all over the land has
produced these results in the last The
long war IN Europe consumed her resour-
ces TO an Immense extent; eur short con-
tiict left us with ours scarcely touched
Peace founi the former with prodigious
mass OF artificial capital; il found us in
similar predicameDi but some of The
powers of the old world succeeded i'm
reducing the bulk OF their Heating paper,
although none engaged 10 redeem it will
gold or silver we still kept on charging
ours, whilst we pledged ourselves TO this
redemption. They had a powerful apo
iogy for their emissions in tie necessity
Of the case; we could only plead for ours.
after peace had taken place, the spirit of
rash speculation. [Southern Patriot.
AUGUSTA, May l2.-Yesterday sen.
tence OF death was passed OH two Of the
insurgents John belonging to MIR. Qui-
zenberry, and Hampton, belonging 10 Mr..
Gabriel Clarke-ihe 2Ist ia appointed the
ddy for their execution.
John, belongingto Mr.. Cowling, was re.
commended to mercy, in consequence of
which his punishment has been mifigated
TO twenty five lashes inflicted on each
successive third day, till he shall have
received two hundred aud tilty-tnen TO
have both his ears cut off, ami branded
on the left cheek with the letter X.
CADIz, Ohio April Olive are hap
Ply 10 state that the nest ofcounierfeiters
through tins county and Guernsey, have
been IN great measure broke up. Last
week and the week before, there were four
committed 10 prison in this place, 10 await
their trial, at the July term ofthe court
There was found hid under slab. within
few rods of the house Of Gallaspey, one
"i 'he men committed In prison, a roll OF
counterfeit notes, amounting 10 5 5000.
book was found under The same slab
mai concealed the counterfeit notes con.
tanning upwards of 300 in notes altered
from ones TO tens and twenry's.
III was discovered that there was link
oil The chain in Londonderry, Guernsey
county. Several citizens OF this place
went on Immediately 10 Londonderry, and
on making search, they found 10 the
possession ofJOlIn NJ. Henderson a press.
Ink and paper for The purpose ofprnling
counterfeit balls. There was also found