Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1825-12-06
NEW York MONEY MARKET.

The Daily Advertiser OF Saturday last says II
is statedO by those who acquainted with the sub
ect, thai the demand for specie has materially les
sened, and that the United States Bank and the CT
~ y ai,l.= ha,,a i,Aaa Iihl - ii' II ...,..
| ne Evening Post says" As our paper was
going to press. we have just learned that The II. S
branch Bank in New York have extended Their
discount thiS forenoon to about 800 900: an in
stance oil iioeraliy and good sense that deserves and
viii receive the highest praise
Just as we gave the above 10 the composior. a
| merchant OF Baltimore handed US the following
more; baltimore, .lfoliday morning, 2Sth.
nave just returned from New York, and am
happy 10 say the panic has In great measure sub
SIDED and confidence restored Ii is supposeItbere
VIII be very few failures liz addition TO those thar
nave already taken place, and none for large a.
mounts. Business already assumes a different as
Peci' and things generally going on IN their ma
'aral channel There appears to be great elas,ictv
munty. mn d.,
or Money Marhet-The Post tells us. tina
great relief has Afforded 10 merchants bv rhe
u .. Branch Bank discouniins $ 400, 900 This
sum, when added 10 The discoun. of other Bank,
nave In all probability afforded temporary relief
Du' II VIII lie remembered that in the first CONNER
cl9l city IN the Ufon, with its grea. trade and re-
oprces' large sun is necessary TO sus ain tue or
u.hHIy mercantile aud trading responsibility rhe
W &
"'g' WYE" IS oil more importance. may exonera.e md
TeHeYe other banks IRON apprehension of da,,.o,
oy 'heir "eli g go ially liberal bu a radical cnnns
ia 'hd' institution Is necessary 10 carr, iuio eff,
i' very principles and Objects Tor which lhal b,nk
Chartered. OIe OF nose points, . as O eoi,i
'%e ne currency, q d produce a standlrd. ,yn,,t
"ouiu prevail nd be OF force throughout; he JJnioo
S"u E p ioO hii OF the mother bank win mo-,
ne received al he branch b.nk of his CITY in DEM
SIT. The proposition 10 divide Inc b,lsures ann,
me o1LKs OF ne odyI ID receive intere,; q do
PosH7' 4" IIJ veil he pubic Golfers and ,.i,...
"hJ 'eihPSr ny pressure New York paws nvo-
"'"So VI '"e HdtIohI revenue, and yet ina, revenue
- 80" % "i''deiphi, AID the public mo.e, i.
u-ed 20 'pecuia upon. a PDilsdeipbr, p,oer
"-Neu mo qu"'Io, whether II Ould not Iniure tbt
~" % 400 money 70 New forke,s. fnie to,r
no"es Oeionss % Me- York. TLe loauin,
no e on Cnhed d ties stock, anu beco1ni r. socL
JOO1sr' 'hrodrh e balances IN he b,na. T. = CO.,
ol' eyil M 6D1h SpDuid be perg3iifea IN L,,,
nOitey on rs OrHStOch
fi'in"'on ana HaI III, two OF the greatest hn,,
'leis our county eV,, had, con. idered the go
'i.", 'sh appropriated sr plblic purposes. a. .fiIi
-""nat'"S rom lie people, Gd o be used los .be, /
"heh II 'oiidD Ne done wi,h safety. when
we therefore o pies,u.e Occurcd Al B,uo. NJ |
,,o ~ nc o''-"ces -eionsi 4 to The go,ern- 4
''e'' ;" banks we ordered 10 Hose places to- ..,
10 mercantile credit, upon ,hioD ON le snue de-
''hued nov, aiEDI.h thli reve.,e 81, ,
'af'' Is c0iieeie'! ~ New fo,s 80, .iehsl,nce ,rs
''P' III Hh uephia, nd opOi he cas- pre-.,,re cr
=" on banks nee, We are 40 the mere and mo,
MIMI Of 'he mother bank ior the use OF ne,
''"c" j., OR o"n." Incse are other evil. ',ybc,
''n1 ana fc'"o"slrlnce must remedy in relation 10
ne concerns ,i The 4. S. Bank.
O'r merchants nave been To- blame i, st;...;.
''ie' D." ave one per cent 10 the purchase Of l,
'Ne''1se, because, in the long run, tbey Wn ,
~ Oh com neice. f''"'-
" e nave occasionally referred TO considerable ,
'l'ns horse as exercising very undue add
y ..'O'' Inii'ence IN " money concerns. 10,
ample 'he sale Of bills drawn from gsu.d, a.,
70 emit nee m'de IN specie drawn from ,le vsn,.
U'''Ns' g. ea'es serious pressure in the mar .
|e nae seyeral Substantial Rouse, IN III, I,
-, ~ 1'o Standing AID high credit, which are d
~ '@e0 20 sell 0iis On EDgIsnd snd F,,oce 10
ave m'de 10 blow up sach bills, IN order ~ y
eP 'P zoe creilt OF Canada bills, and tbus d,,; r
u species let the banks come forward and gusrao"