Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-11-30
STATE CONCERNS

tiou Tue iirSl June neN'.
STATE CONCERNS.
TENNEsSEE.-A, the latest ACCOUNTS.
the Legislature oi this stale, which unlike
that of any oilrr state in the Union.
assemblies biennaliy only, was still in
session at Murireesborough. 'Thesubjecis
OF internal improvement and of the Peni-
Tertiary system appear 10 be The most
important before them. A proposition
had been agreed Ia III committee, TO APP
propriaie the sum al nee hun0ired thoHsand
"ott"rs Tor Improving the navigation of
The rivers al The state, aud WAS expected
finally io prevail. An act had passed lis
iasi reading. IN the house OF Representa-
lives, tor The establishment of a Peh,.ri.
,ary, 10 be located at Knoxville; il,. law
not 10 go into operation Tor Two years.
The bill had YET TO pass The Senate. A
bill was also before lie House of Repre-
senfaiiyes "il'e better 10 secure debts due
by banks within this STATE" but met with
considerable opposition, aud the further
consideration OF II had been postponed Tor
a few days
North CARoLINA.-On Monday The
4i'i inst. as required by law, the two iIou.
ses OF Assembly met iii their several
chambers the SENATE organising it.
selfhy the re-appointmeni o. 3 ARTLEPT
YANCEY, ESQ, ofCaswell, as speaker;
Gen. ROBERT WILLIAMsa rs Clerk, Tho's
CovinSion, Esq. as assistant Clerk, and
Messrs. Hdrtsfeid aud Mm'pkey, Door
keepers. In the HOUSE OF COMMONS.
ROMuLUS NJ. SANDERS, of Caswell
was elected Speaker, there beng bui two
candidates III nomination, himself and
General Love, OF HAYWOOD.
ErtractS from Coz Byanch's Mcssore.
CIRCULATING MEDIUM. Amongst
The leading grievances of The times NAV
be ranked The debased condition of our
circulating medium.-Tbe Banks, the
present regulators thereof, in their too
eager pursuit OF The game, or in other
words. their inordnale soIiciiude for the
dividend, have led the citizens of our
once happy country into the wilds and
haZps oil speculative lite, and ultimately
into labyrinth of difficulties, from
which apprelend IL will require all your
sagacl'y 10 exiricate then. THE extraor.
binary fluctuations in the price ufproper.
ty, aud indeed Of every necessary and
convenience of life induced thereby. has
not only had tendency TO plunge many
in'o the depths OF poverty but has also
had The effect 10 subveri their hsb bits of
industry and morality, and so long as il
Is III The power OF The Banks TO increase
or diminish lie currency of the country
al lheir pleasure, without being made 10
feei The consequences of an Iniadicious
Issue, or withdraw, so long shall we be
ilaeir 10 recurrence OF similar embarrass-
iHents.
BY The establishment of the State Bank
OF North Carolina we were promised a
medium OF exchange that would invigoraie
NE operations of commerce, and by ban
| Ishing deprecated currency from circo-
ia'ion, place the character of The stale
upon honorable and exalted ground but
what has been the TACT ? At the same
iIn" that they ilave banished Tie old pa
per currency which was a tender in paw
ment OF debts and of course shield 10
the people that they have cmbososed
IN their vaults or driven from the country
all Tie specie, and The notes which have
been substituted, instead thereof, net be-
ing convertible INTO gold or silver, the
Country presents the melancholy specta.
Gle OF a people deeply involved in debt
without legitimate circulating medium.
Never indeed have our citizens expcrien-
ced such pressure, and unless something
Is done tor Their relief, HEY mast inevi.
tally tall prey 10 The iron grasp Il their
nnreleniing creditors. Ii therefore be-
hoves you 10 probe the wound 10 the bot
tom, and ifpO- bile, 10 arrest the alarming
visitation with which we are ihreaiened.-
I'teinvesiigation is due 10 the public as
well as to the banks. forit is of the last i'm
poriance that ihecurrency of the State
should be resusciiated and placed on a
stable basis.
lam'far, however, from being sangune
III The belief that you will b. able immo-
diaiely TO devise ways and means 10 effect
radical renovation but as our most
useful knowledge is often that for Which
we pay dearest, | am disposed to think
that soiDe lessons fraughi will, wholesome
injunction, may be extracted from our
present difficulties and distress.
UNITED STATES BANK STOCK.
PHILADELPHIA, November IA sale of SIS
shares was made this forenoon at %. In New
YORK yesterday, Of offered, 95 asked, no
sales.
Nov. 25.-0I3 offered, 02s asked, 10 sales
In New York yesterday. 02i offered, o. ask
ed 81 shares sold atg3.
SlAUNION ACADEMY.
E'iE trustees Of he sauuton Academy have appointed