Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-11-21

| contributed 10 the event the last too
by augmenting 10 vast amount The
circulating medium" But. the President
does not take a sufficiently comprehen.
sIve view of this last point. II he means
10 say that The war. by causing large is
sues fobe made OF paper, has alone caus-
Ell The augmentation and arrangement Of
Tue medium. lis proposition is much too
Confined. ii was not the loans alone
made during the war; il WAS too the undue
multiplication of fictitious banks, which
made them anxious TO lend, aud ibe arti
fetal activity OF business and excessive
imporia,ions Immediately after the peace,
| which made individuals anxious To Dor
row. IL was thus, more Than by The other
cause, that the country became flooded
with paper, after the banks loo had re-
srmed specie paymenis-ande every arii
Gle, lnnd, houses, and labour rose Ia an
artificial price. Men spe, uiated, as well
as lived beyond their means. They en-
tered inio vasi mass OF engagements
With The banks, aud with eaca Other
| Paper then Tell IN value below specie
aud n OF course rushed 10 lie banks To
| be convcrteJ into II. The banks we're
compelled IL curtail 'our circulating me
| dunn WAS reduced from liOio IS mil
lions o; dnliarsr-mogcy rose and cvtIy
! pies fell ~ The foreign markets. Thus, we
were caught with engagements UPON our
hands, engagements 10 pay III money!
viii h our pr perry was unable 10 com
mand.-fishce, The great causes CT our
distress-itls true, that these will teach
us Invaluable lessons Of industry aud
economy thai they viii warn Us OF
dangers iu be stunned IN future :" bui
II II equally true, that our distresses have
not gone over that the government and
the people are yet 10 suffer much from
these ADVERTISEMENTS.
The sketch OF our political advantages
III plenty ct land Is If "ur peculiar ,less-
ings IS most true. We nave 30 cause 10
envy any nalioh upon the globe bn, viii
all the benefits OF orr fora, uigoverpmen,,
founded by, administered tor, ano sup
ported by Tie people" We must take care
10 watch over lis acis. W. must keep i
10 the purpose tor which ii Was ,DsiItu-
red. We must call for economy III us
expenditures, purity III lis measures, dud
particularly Tor respect Ia the legitimate
authority OF The states aud ut the peopls
No. 2. touches great question which
excited so much interest during The whole
OF last year.-Ne are now informed that
our iberalijy has moi met will that return
which we had right TO expect from
Spain; that though s.Tcu noalbs ave a.
iapseo, The COIies have dnur nothing;
the! are yei only deiiberatingiF This sus-
pence is u real subject III notification
but, until all the particulars are placed
before the people, they can form up OPT
| mon of the course which should be taken.
To hasten that result, as ". II al 10 give
The nosi Imposing form tu the negolia
ton, II would perhaps have Eeen better 10
havc sent special minister to Spain,
charged with All tile weight OF the governs
J tneuI.
No. 3.-The tone OF This part of the
Message, so far as II relates 10 the slrug
| Cling patriots, is lofty and peaslng-so
! Tar az it relates Il" other powers" we
| should wish 10 see the correspondence,
| before we say mare about IL. The me
! morable interpretation Of the Russian,
! Nesselrodc, teaches Us some Little caa-
ZION upon this maiier.-There is souIe-
,iIins too IN this part of ,he Message
, which seems t. mean mUre than meCts
The ear" Spain may lake lie hint if she
chooses.-Perlaps she may read in tie
suggestion, that if she does not treat Us
VII We will treat her quondam cOlOnisis
better.
No. Ave are moi surprised TO learn
that cur commercial relations with The
British possessions g have undergone no
change" q. Britain has preferred, aud
sill prefers In lceve THAT commerce uh-
der the restriction heretofore imposed on
IL. on each side" We expect no change.
We have tried the experiment aud IL is
high time for lis 10 abandon il. Our
restrictive Law has done injury enough
already, without q particle of benefit 10
nS Ill has cramped our navigation, aud
reduced The sale OF our lumber and bread
siuEs; II has burne hard upon our seameu
and agricultnrlsls, while il mas cUrlchsd
Canada and Nova Scotia, ST, Thomas and
Enstatla-and DOW GTeaI Britain pIe-
iers 10 remain as sue is Let us be
done with The Iaw; aud siuce we cannot
get the whole Loaf, CcBteD: ourselves with
halt one.
No. 5.-We are willing TO iry the CUES
lion With France-becausr we have great
hope of SUCCESS we can address ourseVs =
more powerfully 10 Der Interests, % bile We
have 10 Inimcal PTeIudices 10 encounter.
We are not declared rivals in war or IL
commeTce-and az we are on tue best
terms, we may expect she viii listen To-
the voice OF reason aud Justice. She will
suffer as well as ourselves, from mutual
restrictions; and her minister, 81 de Neu-
Vile, may arrange the matter 10 our mu-
tual satisfaction. Ii our tonnage dHiy,
which Is predlealed on tobacco, be to"
high ; ii II CIV not the fair average of tie
Nh0le trade, lei us reduce II 10 tie most
reasonable terms. Letus at all eveuts ac
cede 10 The Presidents liberal idea " o
eXemptiug fom tie operation Oh our Ia v
all those vessels" which could not have
had timely notice oft. Such a measure
is not only Just. but cOncilia,ory-and
may smooth away, by degrees, every 9th.
er difficulty.
No. We can form no precise opinion
! Of il, until se have MIR. CTawiord's Annu'