Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-06-01


Ittegruph.I A CITIZEN.
The strongest evidence of the general
pressure Of the times, is 10 be found in
the low price of country produce of eve
nv description -four il quoted at only
five dollars per Dbl. 1t is not, however.
TO be- inferred, that this change inay not
produce corresponding advantages, when
the stale of commerce is NOR" settled.
Fed GaS
PICTURE OF THE TIMES.
The following rs part Of a communication uliieh
appears ia the Philadelphia Press
The editors of the National Iutelligea-
Ger, say they "would be glad to be in
formed tohat causes render The anticipat-
ed session necessary" Is it possible this
Ignorance can be real, or is il affected p
Is 1t unknown 10 them, that this country
owes heavy debt abroad, which must
be paid That the staple articles of the
country, on which we relied TO liquidaie
that debt, have deprecated so rapidly
and so much, that no man in his senses
can calculate that il will be discharged
speedily by that means By the lowest
estimate, the diminution OF the value of
our exports in the year 1910, of -four. to-
bacco and cotton only, will be Il, least
5 10 10000 Is ii unknown 10 them that
failures III every county ofevery state ; in
every town and village of the country,
are familiar occurrences, whilst they are
every day events in all our commercial
cities so that the fall Of the oldest. most
respectable and substantial houses. have
ceased 10 excite "our special wonder 2"
Is il unknown TO them, that our manufac-
turing establishments are rapidly hasten
ing to decay, burying together an inn
mense amount of individual capital aud
national wealth p? Within two weeks has
large cotton mandatory in this district.
that gave employment TO three hundred
persons, been shut up, and the hands
turned adrift and the same incidents ave
common IN other parts of the ceuntry.-
Is II unknown to them that property
OF all kinds is fast deprecating, and lis
possessors find their fortunes have melt
ed like snow in a meridian sun. from
Their hands, without an act of theirs to
affect IL Is it unknown to them. that
industry of all kinds is langnisir,Vg, and
numbers of industrious poor, wiling 10
work, are suffering because they can find
no work /; that idleprss is abounding, and
consequently vice is prevailing -? Is il un-
Known TO them, that the paItry amount
OF specie left by our impr0vident iegisla-
iion, IN the country, is again beginning to
leave our shores for Europe? Nnbln The
last three weeks, specie has been shipped
from this port for London and HAVE
and very shortly will even the lreigiis
from Europe, be paid in specie, IS we
cannot export our produce in return, at
present prices. Are these facts unknown
To the editors of the IuieIligencer. lille
every mouth is filled with them And If
they are known, is il possible those gen
iiemen can I'm serious mood, ask "to be
informed mhat causes render an anticipa-
ted session necessary 7"
From Baltimore CorresDoadent
In your remarks about the suspen-
sion OF specie payments, you argue, that
ia any event The United States Bank viii
continue TO pay specie. la this you are
mistaken. Should there be a genera!
suspension of specie payments by the
State Banks, the United States Bank will
follow-1plead the law of necessity and
throw itself upon the msgnauimily If
Congress. The Institution as il is nov
iettcred and cramped, is of use only 10
Tie government, III the collection of the
revenue and the payment of debts. Ja
my opinion the u. S. Bank wishes TO stop
paying specie, and should not be sur
prised II that institution is concerned in
pressing the State Banks TO adopt thar
measure. Its policy now is to curiail az
fast as possible, issue none of lis own
notes, but make use of those Of the other
Banks. In pursuing this sy stem no diyi-
nends OF any moment can be made-tIis
is rum TO the stockholders, tile great ones
mean. The intention is TO induce Con-
gress to issue Treasury Notes as a sub
siituie Tor specie; II is the opinion of the
wise heads that il this plan should he a.
dopted IT would give the Banks all the rec
hef they require" tNe,JoM Herald.
Some of the Baltimore newspapers
have uttered complaints upon the removal
OF Mr.. ~ CnLt0h from the place of Cashier
OF Tie Branch Bank OF the United STATES
~ that city. Mr.. M'Culoh's patriotism
Is highly spoken Of; and We have no
doubt the gentleman deserves The charac-
ter which The papers give him. But we
10 not so clearly perceive how a mans
patriotism and general good couduct en-
'Ille hlm to be continued as the cashier
OF Bank, II there be substantial bonkino
reasons for his removal. That there are
such reasons IN the case Of MIR. M'CulloI
we take Tor granted for we cannot sun,
pose that Mr.. Cheves and the board Of
directors at Philadelphia, would be So
wahion or csprlcieus as TO remove man
Tor nethtng. We infer that if is one oCtbe
Steps which the new direction Of the mo-
ther bank has found indispensable. 10 re-
defm the reputation of the institution
from the lmPutation Of bad management.
which some OF its officers brought mon
themselves by dealing too deeply in its
stock. (Wasbiuptou y (,az
THE UNITED STATES BANK.
lie SteubeHoiHe Gazette, animadveriinp
on the late decision Of the Supreme Court
states'.;,." 1t may be proper 10 OBJ.