Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-02-17

As res acted ts Ann iean demand il was founded in
the veiy ha,vie, an IA the actual progress towards
general CULTIVATION ~ the American States. PfsseIl
diiucuities uuiyht Indeed, impede II for time
tue American pO,nIuon must go on iiicisasing and,
vintage Iinctease gradual augmentation Of their
d.us<a upon the pmlnerse OF England. And - re
gare the higher pe Of interest in The French "nds
drectiq OF capital towards that reservoir,
would OF itself soa brig IL t. the general Level. n
was OF the necessary effects oi peace aud OF The
general that there was this Owing
of the we th from the hgheI TO The lower
channels aud ,hathe current would continue 10 SCI
that way. I'LL the bme aud foreign markets had all
assuin Ell that siandsd which belonged to them. Upon
both sf sc grous, therefore the Chancellor OF the
Excheeuef expre'sJ his assured convection, Una, mss
was "a" apprenticeship "fany material OF pei manent with
drawing OF BTsb spitai II was merely the ordinary
en.ctoi tr,ip.rap high rate OF the French iuhas
and temporary deresson at our general commerce.
rhe aonve, thoun expressed In fuller tetn's than |
those ustd by the Chancellor of the Excheqner vas the
substantial import, lad meaning OF his stateueuto! THIS
Argument hink far at least as respeetsthe
gradual rise OF the american demand, Il eairies con
Nictivn with II. must put tins Limitation
concession. II viii be before The demand
Of America for British manufactures will re ascend ls
its high amount daring the The American de-
'pand during The made up of PORTIONS, and
Tor Two distinct purposes the one, for their home
The olher as general carriers and traf
hcA-rs the ony neutral in the general warfare of
all the European powers In both OF these relations,
they took more ir.m us in war than they can take
in peace In the ,i because their neutral trade
them richer, and thereby more plentiful and
for tbeaYeives In the second because in
barrier. aud in a go0i degree in indirect carrying
trade They necessar bought of us what they sold 10
others. 1t does not fqure further argument to show
thai their CONSUMPTION has been iesscnea in pro
portion totheir diminished means from diminished
wealth.
As to Cobbers ars ment with respect the effect of
the destruction of PIPER money in America aud therein
the diminished sUnlsich the American farmer has 10
cote market, icsrtainiy just so far as respects
present effects but ageravaes It's Importance in his
| permanent aiminutbn OF English aud American
merce. No knNss better than this powerful writer
I've wish we could ay more. when speaking of man
OF such manifest tafnD that money, whether cash or
is the punter OF valne and therefore that
the fair aud just npde in all Of this kind is
To put Il entirely OF ofview. Now IL all the money OF
America were sunk in the sea- the relative worth,
| wealth ofthe Amdican powers, would he the same
consumption. AID the counter, or money, whether
cash or paper BY which his wealth was expressed,
how II may difer in itself will have effect what
ever IN making hn richer poorer the emily differ
ence being that dollar will have to represent double
the amount whse money is scarce and where II is
plentiful hut tfn, he gives well as takes IL for
this increased v5ue lie loses nothing In the first yio
Lent change, tbef is indeed much loss to the individual
all must loseNhe have either the bad money them
selves or are Connected with those who have II. But
after this efecs passed things return to their natural
! character andthe wealth and means of j country
in its excess oiproduce beyond consumption, and not
in its money. Jas respects trade for some months
perhaps for one or even two years It will necessarily
be affected by the money price of produce in
RIGA because the Americans will have fewer dollars to
send 10 the English msrkei; and. therefore, in the
frst nsaife, those fewer dollars will purchase fewer
goods, respects the dealing Of the Americans with
England. But this effect will very shortly disappear
under iheinfuence of two always al work-the
one, that DE dollar which the English captain receives
rs worth propoi tonately morethat Is to cay, still
represents the full value of the former higher price in
The Aine1can market: and, therefore, that IL the En-
elish captain takes return cargo, ne in fact, loses
nothing whatever by the diminished nominal price
tue one dollar in the American market, buying him
much al he formerly bought with the two The -ther
is that the necessity Of will always
| product currency adequate to the demand and
America, With her abundance Of produce. will not long
want aproperonaie ciTcu ating IN edun Tepres it,
Tie conclusion from this argument is that the pre-
sent low prices, in other words, the present high
| price Of money in America will for a time affect her
larry with England her greatest deaier but viii not
continue TO affect longer than il affects America
itself; the foundation of the commerce OF nations
being the actual OF their produce or iudust
beyond their consumption, being perfectly indifferent
measured by more or less of their own circulating
medium. II the English merchant receives hundred
dollars for what he formerly received hundred and
my anc that bnndTed dollars in the american market
| purchase him the same quantity of barrels of Hour,
Except indeed in numerical name) less price his
goods IL he have to carry his dollars to England
aud there they remain he certainly carries les:
silver tlher, and far he would lose hut this is moi
tue course 81 pen market, and money very ,bor,I,
ASseinIig that value in market which il possess
| in another. possesSe'
The Editor of the New York Even ing Pos,
declines awaiting himself OF the plea of mai
| reTtence Tor his innendO about defp udinr rho
! fIrgiaians from their slaves and has Tated
| up, III defence or IT, remark said 10 have
| been made by MIR. Randolph on The sub,
OF slavery, some years ago. The editor of the
|
| point of that remark. But, if not, a casual re.
mark would not afford him ground u stand on.
| Weshall not, at the present conjuucture, say
! more OH this subject, than that Virginia has
| sent her thousands 10 the field to meet 10
/ reign enemy, without the thought being har-
houred of danger from SO doing; aud, had ne
cessity required il. could have sent forth three.
I9urti!s OF her male population. The Evening
| Post adds:
Tie editors think that. in my opposition
to the Missouri claim, have cangrt tile infec-
hon from my neighbour the editor of the
Daily Advertiser; l beg leave, however, TO
assure them that, as to my repregnance (repug-
nanceJ TO slavery. took il tue natural way.''7
by the leave OF the Post, il was not Of re-
pugnance 10 slavery we spoke, but of hostility
10 VirgiHia and the southern states generaJly
1t the Editor of the Post has tax EN- tiat disease
IN the natural way-that is, BY contact or as
ISOLATION with those who have tive advise
him to try The only remedy we know of, few
months residence in southern climate. Pro.
batHm est. Nat Int.