Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-19

yentlemen estimated their actual property, last
March. az no less than three hundred thousand
pounds.
We Yesterday observed, that the endorsements
of,he Country were but commencing. II Is OF the
nature of such state Of things that which now
prevails, to destroy confidence. and consequently
10 paralyse credit, and besides there is uniformly
also a good deal OF senseless panic to add 10 the
Difficulty 1t is hardly possible TO describe the a
larm which prevailed in the city from one end oil 1t
to the other The Bank have not limited their is
sues, but then the discounts which were suihcien'
for the wants OF applicants a month or two ago.
are not sufficient now. The Country Banks can OH
y weather the in any quarter, by the greatest
exertions and frequent of course must be the appii
cations for relief directly and through indirect chan
nels TO the Bank. But the Bank has 10 choose be-
tween its own insolvency and the insolvency oil
these imprudent spectators; and as 1t Is quite I'M
possible in the present of things for the Bank,
with any regard to its safety, TO stretch out
friendly hand 10 them, the consequences may easily
be foreseen.
The applications to private discounting houses
were yesterday on, of all proportion great. One
house, which used on a Monday to have about 80
applications, had yesterday sbou, 800. What adds
to the anxiety obtain money Is, the heavy demand
on Friday, which is prompt day as II is called at
the India House, when no less than 0oO, ooof has
to be paid. Some ofthe more extensive dealers are
40 doubt ready, but have every reason to be-
lieve that the greatest number depend on the dis
counts on wednesday next TO meet the difficulty.
The failure of Sir VIM. Chords bask, at Ply
mouth, added very much TO the alarm on
Change. This, by all accounts, was the most
respectable Bank in the West OF England. We
have been favored with the sigh. of let
ter dated from Plymouth, on Saturday night,
describing the distress and the fermentation
among the people in terms which we are AFRAID TO
repeat. Saturday market day both at plymouth
and Dock, and as the country people would not
take single note, and nothing but notes OF one
bank on another were forthcoming, the people were
almost frantic The holders of notes are crossing
and jestlng each other in all directions. AT
Plymouth the uproar dreadful. There was
literally whole population, with food IN abund-
staring them in the face, and yet without the
means OF obtainingi, for gold alone would Tie sell
lers take, and gold was not 10 be had BY break
OF day all the Banks were surrounded by mobs,
and the Civil Power was mustered in front of
them. To an agitaied and tumultuous day, sue
ceeded night of fearful omen 10 many an unfor-
tunate family. Several of the bankers set off for
this metropolis on Friday, in the utmost haste, to
obtain, il possible means meet the run but if they
should weather the difficulty, who after such repeat
ed failures snd consequent distress and alarm, will
have any confidence in the issues of country bank
ers Indeed, in Plymouth, there has been the ut
most shyness on the part OF the people with regard
10 hank since the failure of the bank ofShelds
John. But this failure will be attended with much
more extensive distress from the largeness of the
concern. Sir VIM. Elford, the head Of the firm, is
Baronct, Recorder oiPlymouth, and Magistrate.
J. w Clarke, Esq. another partner, is magistrate.
The third partner is Mr.. Tingcomb. bill was
posted up, stating that they hoped TO meet all de-
mands by getting down large supplies of gold from
London, and that the public nigh, rely it that
4
The house of 5 Rowbotham and Son, and OF
Jonas Braddock, of Macclesfeld, have stopped
payment, with debts to the amount of e 10 ,OOO
The Burmese state carriage and throne, recently
captured in India, exhibited in London. They
are valued at 6 1915 90.