Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-09-03

speaks, is more oner0us 10 the Bank uau IA
ny other, and perhaps than all The other condi-
hons imposed upon 10 10y the government. Ii
Is Tins preference which, Imposes upon the
Bank the obligation, from which il would 9th
erwiSe be exempt, TO transfer from Mace to
place am immense amount OF the public mo-
ney. 10 tcmove ali doubt of correctness OF
tins assertion, n Is proper TO state, that The
revenue, collected in the Western STATES. and
In all the States South of Virginia, greatly ex-
cecds the public expenditures i'm those states
The surplus has 10 be transferred to this place
aud 10 the principal cities East of il. The
duty of transferring Tins surplus. however,
would not be very Opt Ssive 10 the Bank be-
cause the amount, compared With the whole
revenue, would not he very great: but Az The
government receives the notes OF the Bank
and of IT'S Offices, without reference 10 the
place where they are payasie, the notes of The
Southern and Western Branch Banks airs p;,ld
To the government at BainHore. Philadelphia,
New York. ana Boston, To the amouat of near
~ one third of the whele revenue collected ia
those places. This amount. whatever ia is.
has To he transferred, from the Southern anu
western OficeS, TO the places where It has
been received.
IL the Notes OF the Bank and of its Offices
were receivable by the government only " he,e
they ~ere PAYABLE, the iesenue u phi,ade!-
phia would be collected in the notes of the
parent Bank and of the Banks of that CITY.
ana the same result would occur in New York
Boston, and Baltimore. The Bank, therefore,
would be relieved from the hurtleu of trans
Ter. except OF the actual snrpusses IN the Sou.
theIu anu Western States. SO burthenson,e
has TINS preference, which Mr.. Niles appears ia
value very highly, been 10 the Bank, that il is
believed itwOuid not only he thank lul 10 Con
g'ess 10 resume th'' supposed grant, but that
III would willingly pay literally Tor the re-
sumption.-To this resumption, however, the
puOIc interest is opposed. The RECENT of
tue notes ut the Bank every where by the
government, gives them universal currency,
which Is extremely beneficial 20 the con,uuui-
~. Taken throughout the United States
they are preferable to specie. la Boston, Tie
great money market of the nation the Notes
OF distant OflsceS vary from one-balt TO one
foarth per cent. below par Every-where
else they are believed TO be nearer par or A.
Dove IL. Let The government refuse TO re-
ceive these notes. except where they are nav
anie aud they become local paper. every
Wnere suffering depreciationin proportion 10
their Instance from the place OF payment, as
.he state sotes now are, from one-haif To
Twelve aud d hall per cent
Before closing these observations il is nro-
per 10 state, that the obligation of The Rank IN
transfer Tue public funds is wholly upconnec,-
ed win the rate of exchange or the balance
OF trade hetween Tie place from whence the
transfer * 10 he made, aud that TO which il ia
requi ed nor is IL understood. that the Eauk
has ever objected 10 this construction of the
charter.
ltis presumed, that neither the Secretary of
Tue Treasury nor the President of the Rank
VIII regret 10 see tile whole of their corras
pondence exposed To public view. The cha.
racter OF these individuals is Spficieu,
piedss 10 The Republic, that nothing has oc-
cured between them, either individually a,
ofiiciaiiy, which will shun disclosure. They
have both been long before the pubiic i'm M
ing times and if Tue situations thew now
ho'a, no say nothing of their standing i'm the
community can be- considered as evidence al
public opinion, they have not deceived the ex
pectatIons of the country
nat tue Bank was. 10 say the least OF il.
unfortunately managed before Mr. Cheves had
any share IN Ills direction is universally al
united. That he found il struggling fer IL.
existence when he entered upon the duiies al
MS ofhce, cannot he denied. He breasted the
'otfe"l winch was setting against il, aud ba.
received ihe reward of his vigorous and yir-
tuOus e%ertIons, IVA the restoration oil the Rank
from ITS disOrdered stale. We do NOT enier
ihto tie question, which has for some time a.
gitated tie public mind in different uaiis of
tHe CnIOh, whether specie payments can unw
be continued, OF whether II was iudicious to
have resumed them. We leave sSe,,ups,io,,s
10 the National Councils, TO which The mini
~ Deioig INT we have no hesitation ~ sav-
ing, mat 1t is ewing, III great degree if moi
ehtFelH, 10 me measures OF The praSeut D,rec-
tors OF the United States Bank, that soecie
payments have not already been suspended
al least III tile middle, southern and wester,,
states.
That there have been mistakes in the ma
hagemeit OF the Bank that there have been
worse than mistakes Oh tile part of Sl,ue nfif.
officers. there remains mttIe doubt. 1.-THE ror-
thy Editor OF the Register eAposes these
thihgs, q nO'os them up 10 public reprobatiOn
we shall not blame bin, though we have no
aesite 10 witness the exhibition. But, of this
we isei CERTAIN that the very measures of
which lie complains are such as are cajr,Is,e5
iof tic public benefit. and that every exertIon
mas been made, and is making, To detect and
reform abuses in the government of the Rauk
and make 1T whal II was intended 10 he II y
those who established H. Such helm, ,ht.
fact, we say The Bank deserves thai conf hence
oil The community which il is every DIV .c-
curing, and which the Editor of The Reoister
seeks 10 DESTROY. M In
Negotiation betWeen Great B,itaip au3ibs Truu-
"a states Jsr the e.rtiHctiOR Of tie Siaue
II has been repeatedly mentioned that nro.
positions nave been made by the British w.
Nefhment, Tor some arrangement with this
country, Iof carrying intO effect by their iqiut
efforts, the wishes which are entertained by
bOth on this subject, but we have seen no az
count, published in this country. ofti,n mo
else nature of the negotiations which have
been had between the two government, Tkc
following narrative which is copied fiom the
Thirteenth Report of the African Institution
P"U"'hS" w ndiCil IdSt, gives very satIstac-
tory view OF the whole transaction,
Boston Ddi. Adp
In tile month of June last, Lord Castlefeagb
addressed letter to Mr.. Rush, the American,
minister IN London, respecting the more eff
tectnal abolition Of the African slave trade =.
III which his iordship observed, that, with The
exception OF the Crown of Portugal all STATES
had now either actually prohibited the tTafgi r.
III slaves TO their subjects or fixed an early
period tor its Cessation, whilst Portugal had
also renowned Il Ia Tie north Of the Equator :
that, from May 1920. there wond no. be a
ildg which could legally cover this detested
uaihc, TO Tie HOrth OF the Line f.; aud that
there was reason TO hope, that the Portuguese
might ere long be also prepared TO abandon
/ 10 ha q If