Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-11-12

and watch the FLORIDA froniief.. The Presi-
dent is already authorized to take possession
OF those provinces, If Spain attempts 10 alie-
nate them. But, the Floridas are TO us, the
tub TO the whale, 10 divert us from more I'M
portant objects. IN. y. Nat. ddp.
See Laagsdor6"s Yoyages.
B9NR or THE UNITED STATES
The Report OF the Stock holders of the
Bank of The United States, ION the last
page OF This paper furnishes melancho-
ly proof of the horrible mismaiIagement
of that institution. S 700, 900 absolutely
sunk IN Balllmore--aud S I 300, 900 in the
parent bank, western branches, and else
where-3, 0GO,0O0 in all. No dividend is
contemplated 10 be made until January
1921. When II is considered, that no re-
turns had been received from The western
branches during four OF the most sior-
my months of Tins most tempeotuous
year That 10 adequate accounts could
nave been received from other quarters
ihat there Is not a commercial city which
has moi woeIully over-deali ; that Charles
ton, Savannah and New Orleans have
suffered considerable; by the fall of cot.
Ton and that in all The towns which
had u. S. branch banks. these banks
have been very prolusc OF their accommo-
dations, we must yield TO the idea that
The aggregate losses may exceed 800, 600
dollars. Letters from Philadelphia state
me loss at least equal Ia four Millions
some persons among us wish that the
bank may escape with bad debts of not
more than five millions. Ii is melancho-
~ TO reflect on The acknowledgment of
this institution nay the gross frauds and
swindling with which il has been i'm some
cases characterised. And this too i'm "A
Republic whose foundation is lis virtue;
aod iihis TOO from "a young Institution,
whose eodiathers promised i'm lis name
such immense benefits.
writer IN the aurora criticises this
Report IN severe terms. He saws, that IL
ought 10 have disclosed the amount of
discounted paper, OF deposits, of specie
on hand, OF notes in circulation, aSc. &c.
That The public might have come more
directly al lis actual situation. lie con-
lends that estimating lis discounted paper
al 81, 100000, e. which is the extent
OF lis discounts Al this tnie") aud de-
ducting from what il makes Oh that sum.
ITS annual bonus, incidental expences,
price oil buildings, &c. (Which he sets
down al p per cent. per anu.) thai its
capital will not be wGoie before January
1872, aud II will not divide before
swer tor the truth al this statcmeut.-On
account of the STOCK olders, We trust il is
not correct.
HE distant prospect of a dividend
which the Report holds out, has already
mad The effect OF lowering the price OF The
Stock notwithstanding, the facilities II
proposes TO give the stockholders of
oh'aininS loans upon their stock, must
I'D some measure counterfeit The DEGREES
sion.
Some of the alterations suggested, seem
To be Judlclous enough but what shall
we say ei some others To euiiilc each
share 10 d vote. Is 10 give an undue pre-
ponderauce TO the rich stakeholder, or
combinatIons among the rich. The
scaling OF shares seems necessary for
depressing this evil. Allowing too dis
count upon hypotleticaied stock, is likely
10 lead TO preference TO stockholders,
winch might divert the banking capital
from The purposes To which II would
naturally be applied, and increase the
embaTrassmentS OF the bank in IA momen,
OF great commercial difficulty. For, how
will Int easily call IN its debts from those
who have nothing 10 give them credit but
Their stock Both these suggestions seem
too much like reacting those measures
WINCH led 10 The late lamentable admi-
nIstration OF lis concerns.
While we throw out these hasty hints,
we must IN candor admit that many OF the
errors INTO which the Bank has fallen will
serve as beacOns, To present their repeti-
tIon-and that lie administration has now
gentleman MIR. Cheves) al his head ID
boui whom our tongues might grow wan
ton in his praise.
We understand that the Branch Bank
OF This city Is about TO curtail 5 300, 900 !;
with view of reducing its operative CD
pitai 10 ) ,000,0 900.
The Emperor of Austria has dispatched
minister 10 lhe United States. &" The
Austrian States (says d northern paper. J
have but few commercial porls, but the
Italian possessions. are of consequence
We must reciprocate, and Vienna is a
ue'y splendid curt" Reciprocale. aohy?
Austria, IL is confessed, has "bul few com
mercial ports" Aud ho,O send a minis
ter Of the first grade, we suppose because
Vienna Is a rery spiendid court. Here
| again, we must forget our old principles !;