Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-07-27

10 each: "Among tie consequences with
which we are threatened in our progress
towards Heiallic currency, is a uimi
nlshed spirit OF speculation In commerce,
trade aud agriculture. lie it so. We
shat! have less Ia quar,iiy, but We shall
have n better IN qualify. Imprudent sue-
culaiion, facilitated" (he might US well
ha. C said, caused, 4" by The easy acuu,si-
ton oil fictitious capital. may give AN 40.
parent opuleuce To our transactions. NAY.
ili some instances, may realize that opu-
leace, but il rs mol the proper, nor is il Tie
most desirable foundation Of our com
merc,al transactions. Solid, Jona fde
capital, a'ied by credit, which credi, is
itself supported by such capital, is the
only wholesome ami secure basis of nall
onal wealih.-Rash experiments upon
foreign markets, gambling speculai,ons
upon The home markets, enterprises bot
toured upon cupisiity, upon The desperate
Necessity of retrieving shattered fortunes.
or The giddy hopes ofrealiximg lucky ones,
VIII noe disappear, and the transactions oil
agriculture, will revert 10 that sober, siea-
dy course, which eau alone give them
stability"
we have accounts from England Ia
The 10Th OF June. Tie Bank Bill has
succeeded. The ministerial measure Of
pniiing The shacki"s upon South Ameri-
can adveniurers had been vebcmently agi-
ia'ed. lie merchants Of London aud
Liverpool, who had either engaged in The
business, or who fel;pariicularly interest
eel IN the trade TO South America, had
eN"rted themselves against it Sir X .
W liSon was ITS principal oppoucu, in The
Al 20 AT III. T..
u. ). are interesting. He praises our
liberties To The skies, while he charges us
with ambition. He says we have am eve
upon Cuba, and predicts thai il will be
ouiS.--Ihe y. Y. Mercantile Advertiser
states The bill as having been ulimaiel,
rejected by majority oi ii. The Even
ing Post however SAYS, this is mistake.
That iiis vote was upon question, con.
corning certain part of the bill, moi
materially affecting lis merls.'
HE Florida treaty appears vet TO be In
suspense. letter ot The 2d June ilou
Cadiz, says, n had not then received lie
raiihca'ion OF Spain. England Was sup
posed To be busy IN defeating il by her
ihirigues. The Cabinet ofNladrid is pro
verbal Tor lis snail paced negotiation
How many Years WAS cur convention
OF indemnify hung up ! We shall not
specify HE various points on which the
fate OF the treaty may turn; bnt something
may depend on the fate of the Suuth Ame-
rican bill III parliament. Hi fail, the
British may lose ground at Madrid, and
we may succeed I'm the same proportion.
NORTH CAROLINA BANK PAPER.
PETERssrEG July % We congratulate the
PUBIC upon the prospect of a speedy relief
from our present pecuuisry difficulties, as far
as regards the deprecated state of North Ca
rolina Bank paper. We understand thar sucn
arrangements have been made between the
banks IN this town and the President of I'M.
state Bank. Raleigh, MIR. Boyl,tn, (who has
Deen here several says) as will in very short
time place the paper or North Carolina at par
win our own. The plan which llas been ayr. ed
Upon, VIII 90 into OF, ration as soon as aIi-
Ded by all the parties concerned TLsf
lie arrangement, We understand
Is This The II. G. State Bank is L. nav
down 10 each of the Virginia Banks in
Petersburg $4,000 in cash or northern
innds. On their part, they are to take rp
VA payment ot their debts)S I5O, 900 each
III \. c. State Bank paper in 6 mouths
BIDS of which they may reissue. if
They please, and operate upon. But This
arrangement Is still To be submitted to the
board al Raleigh, for their consideration.
Eng.
Papers communicated to the Agricultural