Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-07-20

| Is favorable 10 rational prosperity Mr. ka-
| rug has adopei this souiiment - Nj. itum,
| ii ms late examination before the Secret { ON
n.itfee Of the House ut COmmons.
! his maxim ought. 10, ever. 10 be received
with some reservation. "A s'a'ual h'cloa>' u;
money, provided ~ lie required ny tn. health,
cl'cniSti"h OF The cpuntfN.iS sign ut ptuSi e.
ri> bat III, tio~s too fast upon country, II
stimulates. white u eNnausts The mation-Iike
consumption, which husbe~ the check ~fi',
'"ses, NnuP ~ l. wasting ihe health % Toe pd-
trht Hi3Ht mOret too abundant aud dCCt $50
Die 10 All, and ~ promotes Ia the frat place. IA
spin, OF 'G' widest speculation almost every
hihcie assumes Grtt!Ubs value prUdnre IN
Dousht anu slapped al The highest prCe -, and
wien ia value tn the tottI.n hlaik et. a. " IA
lie The case, tails short otI e MAJ kei at home,
TIE shipper rs ruiucd Iiu, net ouly IS ioItisn
c".I"is,c' Stiuiu.eI. q be- ond the healthy point
bnt thr widest enterprises at all sorts en-
Scndeteu speCuiaiIOns IN land, houses, ma
nu'dcior.ts, al sort, OF projects ave ,.u,hed
beNopd the eif.ctuai demdUd. But This IL not
ail-ihe ease with watch in.uty Is p,ucur-d,
encourages, IN Tie second place AN eAtIa.a-
eanre oiii"thg, when The al Wealth 81 iuui-
vsdua.s Is Tar tIom Jusuftius. Meuiiye bcN Cud
their tnC;tns.- aud ID Il GI1neht Of ptfSSine
should ariive, aud arrive II must when The
circulation attempts to regulate itself TO The
eHrctual demand when the cuirencv instead
o. deprecidtiag higgins 10 appreciate in lis va
lue, theH Al u that embal assmeut and rum he
gins tn stare MS IN the iare. those who arr In
debt. are compelled TO make The most crievuus
" lie very Capital NhICh
- necessary Ia carry on the sound. healthy
enterprises of the nation, is Withdrawn To de-
tray the debts ot speculation and eNIraya-
gaBce. Enterprise ceases aud industry lar.
guisies. Such is The condition, 10 which tnis
country is now reduced bN OUeI-bGadiag!
80 true IS what Lnrd Liverpool says in the
House ct Peers on the Dist OF May last, that
" the uniestIain,dI Issue ct paper. which was
peinii,ted by the want ofa metallic standard,
teiiOrd 10 encourage speculation To cansr over
trading. to promote "A spirit of gambling in
commercial u Jurisdictions 10 cOuntenaice deal
ings botiomed Ola 20 capital. aud 10 Justify
every species OF extravaganza, and thus ac-
cunuiaied on tho country greater evils than
amy Uccasl0ned by the Temporary dis tre>s
which II might aiityIate." Dung most OF the
late war, most vi the American banks were
un'ssfTG'n66 IN theiri'sues by the want of me
iaihc sIandard-and since they have resumed
specie pa,ments, they do not la every sense OF
ihe word, deserve the name oil Specis payiag
banks
Paper Honey. desperate cases, empires
are apt y X pear With their SUBSCRIPTIONS.
The EtiInes have called 10 y, quack> in
album Zt A II we had not had payer mo
ney eNGh. some complain of cur hi'ving too
little ythat we Onsht never 10 have employed
paper medium, founded IN d metal IT, basis,
because the metal rs SO apt 20 leave M. On
TINS idea they propose 10 do without the Ne
tails but TO use paper alone. One says, rl
late the quantity tn be issued by law AND
iesniafeNthe issues by the foreign exclls
teresi, IN which one bank snail be oh igrd TO
pay another the balance of their dealings
1he idea OF dispensing with the metals, is
anSolu'e nonsense. Money Is standard OF
value but nothing can he so, unless il has in
tinsic taue itself, derived from the Idbour
which, procured II or which II will purchase
Ii you use paper, II Is only because paper is
the representative OF metal and can he Cuii-
Neited INTO II al all times, when II is wanting
huSIt is, that when there Is too much money
afioat, pant OF may he tNpOI ted OF eXc1an.-
Ell for something that may Ur rAported-oil-
erNiSe You can never adeqnaieiV pIopOItiO,
the quantity 10 the demand LORD GreuViliu
Ia the debate OH The 2isi OF May, said with 40
less Truth than beauty In commerce. as
vel aS wor, there c0nid he but one sure basis
o: management, and thai was Il currency regu
lated by standard OF metallic value not thai
metal was necessary as metal, bui because II
aad the Indispensable quality OF value Tor
without value II was impossible TO represent
value Il was a. absurd as II would be To at
tempt 10 measure weight by that winch had
no weight, OF TO measure length by that which
had no eXleut.
You must ,ea'e the supply OF money u reEn-
late us'i AXE whter, seeking l. own level. il
should how III or out OF the country III or our
of the banks according IL The course OF trade
sets. All aititicIai tempts TO dam II ia ur o.
are injurious. II Ior the free circulation OF
money, yOn substitute the al obituary regnla-
tons OF government or Of bank directors Won
danish nature, and do mischief An imconIer-
tIble paper money, re. uldted nv the standard
OF Procrnses, III any shape whatever, is inju-
rIons TO commerce Gold an, silver Caur OF d..
dispensed Win III country OF extended
commerce. F0per atone is quarhe'y. Is.
CASE OF TBE IRRESITIBEE.
The Federal Cont met on Saturday, agree
D. a. ...l.-