Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-02-07

want of proper assistance 1t certainly should have
been oreseen that the failure of two such houses would
produce the consequence that have followed. There
are times whenwe cannot devate from established rules
and precedents and at others they cannot be stuck
with safey and is very probable if the Bank had
pursued the course Saturday. which it has yesterday
and to-day that is if it had made advances on other
securities besides bills, these houses would not have
stopped, and public confidence, at this moment instead
of being almost destroyed would have been nearly
established.
Now neither the advances or acceptances which the
Bank can make, will be sufficient satisfy the existing
wants. and both will have to be increased In the pre-
sent posture of affairs, loss of time and words to
think of restoring confidence with any thing but mo-.
ney. The disease not to be cured by palliatves If
the Bank, the only whence supply can come,
will give enough who should be afraid to predict
the consequences
''In insisting on this point, are persuaded that
this relief be afforded with perfect safety; and that
soon as confidence is reesablished, all the extraor.
binary advances made by the Bank will be repaid with
out any effort on its part.
'The declarations made Yesterday by the merchants
of the city ought stimulate the Bank and authorize it
to increase its emissons and extend its sphere of ac
tiles to commerce. This declaration will justify the
government in secondng the operations of the Bank
towards desirable end. We will not pretend to
point out the most suitable for the Bank: we
will only say that whatever is done, let it be done
quickly. The edifce of our credit is surrounded by
flames; houses falling in quick succession. Five
large establishments have already been sacrificed to the
existing panc-thrce or four others have made great
sacrifices to avert the crisis Aid should be extended
with the greatest iberaty.
We say with Mr.. Barring, let us act upon generous
principles ordinary cases. but in extraordinary cir
cumstances like the present, let us have recourse to
extraordinary remedies"
Ne,c- York, Feb. Ave continue our extracts
from the Paris papers by the Howard.
1t was not known at Paris what day the En-
peror ALEXANDER died. The Journal of Com
merce, in speaking of this event remarks, ,hat
it is difficult to limit the conjectures it give,
rise 10. Placed from the time Of the Congress
at Vienna at the head of the Coalition Of So
vereigns, Alexander was the Chief and Soul
of the Holy Alliance, and the director Of the
Continental diplomacy.-Will CONSTANTINE a.
dept the policy Of his brother towards the
Porte?-Or will he not rather follow the inn
pulse of the Russian people who are passion
ately interested in the cause Of the Greeks
VIII he not endeavor to make the people be-
lieve that the sudden death Of Alexander is al
so an effect of the Divine vengeance, and an
order to march on Cons,an,inople? Will he not
wish to fulfil the destiny of his name? If these
are his sentiments, the elevation of Constan-
tine will be the signal of political revolution
in Europe, the consequences OF which are in
calculable.