Delaware journal. [volume] (Wilmington [Del.]) 1827-1832, 1828-06-06
From he National Joa0nai, May, 20.

From The .NafiofiuL J0au1eGi, !Huy -.
THE treaty between the Emperor ol Brazil anu
Nc Hans Towns, which we To day extract from lhe
london Times, of the ODD ultnlo, IS loundtd IN
that principle Of fair reciprocity winch cohst'ates
,he only wise and legitimate basis of commercial sup
ul,tnns No nation submits to unequal restrictions
IN Ire trade without admitting Its own ineriorl'y,
and that admission can never be justified except Oh
tho ground of the strongest expectancy, amounting
almost To necessity 1t is pleasing to mark the de-
cav Of that spirit of naughty and graspng monopoly
which once disfgured the policy OF the elder nations
and the substitution of system more equitable,
and more comfortable to the altered condllioh OF
States and circumstances. nat ufeat britain
shoud have heretofore refrained from placing. her
cnlnnia) intercourse with the u States ON the foot
np Of fair reciprocity, is rather to be attributed to
her apprehensons Of our growing power, oolh com
mercal and manufacturing than to any spirit OF en-
nifty, political in its character 1t is policy pusil-
luminous rather than hos.ile--the dictate OF ava
rice, not Of hatred. In her own parliament we see
her renroached by her own statesmen Tor course
SO unworthy and so unwise. Where 1t has moi can,
ed forth reproach, it has excited an anxiety 10 aVoo
it, and to ward of the mputation OF tlmidity or 10.
Justice. We think that we can discern some recent
indications in Great Britain Of considerable relax
alton from that stiff and hectoring attitude assum-
ed by Mr. Canning, and we have, therefore, hope
that when the British ministry shall discover that
our recent session of Congress has TERMINATED WIN
out any inclination being evnced to surrender SIN
ole title of our commercial rights order to obtain
a renewal of the direct intercourse with her coioI-
les. they will be disposed to meet, ana hegotia'e
with, our new minister in spirit OF hrmness, Whlch
may lead to the restoration OF that intercourse on
those terms OF exact reciprocity tor which, and Tor
which only, we have SO strenuousy contended.
On a cali made in the British House OF Commons
on the LIST of April, for certain papers III relation
to the foreign trade of that country, we hnd Mr.
Hume expressed sentiments m unison with those we
have thrown out. The London Times gives the
following report Of his observations:
s.Mr Hume wished system OF reciprocity TO De
established in the commercial intercourse bet"eel
Great Britain and other countries FRANCE ant
England were the two most wealthy countries Q
the world. and it was the falut of their respective
Governments that so little intercourse existed be
, tween the two nations. The United States had ac
ted upon the reciprocity system in their lreatle
with every nation but Eng and tor this country a
been unwilling to meet them on equal grounds
New YoRK, May 90.
Franklin Bank.-Ths morning, the applica
!. ton and prayer of the President OF the frankli
Bank, setting forth that the Institution was lnso
vent and unable to pay its debts, chancellor va
worth, granted an injunction, which closes IN
doors OF the Bank, anu prevents any iuiti r.
n ratlons for the present. The petitioner furthe
IS prays that the Bank may not be compelled to r.
d ceive its own notes in payment OF debts dae 10 tn
v Bank The President, it will be seen by the 10
S. lowing card, has resigned his situation.
d To the Editors Of the Euening Post.
: 1t becomes my painful duty 10 say. have r.
: signed my situation as President and Director
:. the Franklin Bank, believing it right to cause Ii
a. same to be enjoned for the present. The strusg
to prevent this catastrophe has been great but II
:, pressure of the times has proved too much.
? Justice to the Directors must say. the exertlons
~ some have been unparalleled, to sustain the Insult
10 ton, and the conduct OF all, fair and honorable
n and for the satisfaction of the creditors, that It
mo- the opinion ofthe Directors and otmyse that WI
af care and prudence in collections, in due time, eve
nj creditor will probably receive their money; al
rst that the amount of claims are small compared wi
what they have been. More at this Juncture pr
sumo will not be expected or become me to sa
AS Respectfully, &c.
Of SAMUEL LEGGETT
5th mo. 90, 1925.