Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-11-07

height. That this extraordinary and apparently In
dnced by The general prosperity, man living
doubt That it is not produced by the excess flowing
from the profits Of invested capital and the accumua
uon otsav'ngs CT industry is equally clear. What
then has occasioned IN X may be difficult TO give
concise and simple 10 the questions but unques-
uonas'y much Of II arises from the rery depreciation
and mpovershment ofthe in which capital IL
ordinarily expended;!rom the bad re
Of every species OF investment other than those made
in Government securities and the almost certain loss
attending the employment OF money i'm trade CONNIE rec
and manufactures In order avoid these inevitable
risks recourse is had TO the national bank where
certain RETURN AT least for money, always secured
and thus the public Repositories of wealth and credit
are actually Forged and saturated whilst the natural
sources OF industry aud the channels Of active employ
ment are neglected and starved
Our readers, who know our sentiments on this sub
;ect, viii scarcely suppose that we are amongst those
who look with pleasure on this state Of our domes-
tic credit and finance amidst the ruin of those public
and private occupations from which national opuence
ought properly 10 flow.
state OF credit continues, and continues also to exhibit
symptoms Of daily progress the sources from which il
which pay the interest OF the National Debt with
more difficulty collected =. trade and commerce de-
cline and hnguish around u.s. and the national creditor.
though he receives his dividends wrngs il with din
Guilty from the illrrqued sbours and exhausted in
dus,ry OF the community.
That much of the present evil which besets every
walk OF manufactures trade, and the ordinary invest
ment of capital, flows from the diminished circulation
of the country, we have no manner of doubt That
the OF the three last sessions Of parliament
which upset our ordinary principles OF currency, and
attempted To aboli.h every other medium OF circulation
but metallic medium have occa,Oned great cal of
the present pressure have often expressed our o.
pnion, and 10 this opinion st incline to LoIi. The
truth is, the country has been overeg ated Amongst
the other elns and which have tended TO keep
down and mpoverish the industry of the nation, hsva
been Acts OF Parliament The ovcr-prouction of ths
species OF manufacture, easily, and often presump
tuously wrought, has caused much suffering and
tual ruin the great activity OF looms and for
Other dsemrers of the like kind in trade said
TO themselves by couneracDg operations; bat tbs
disease Of too much legislation propagates itself One
bad Act OF Parliament is not got rid OF by mere
pea requires two three TO initis ac the
evil TO which il has given occasion.
The general complaint throu ghout the kingdom con-
Times 10 be, that money exists in large boards, which
skill unlock disspae; that capital is immense,
but that its employment and distribution checked
for Of faith and confidence But il be doubted,
that this of confidence, in great degree, springs
from the impolc laws which control and govern
our currency! All obligations and contracts must DO
paid and quidated i'm gold There is other legal ten
der above 40 shillings Nov, knowing ALI
must know, how small abortion Of the actual circulating
gold coin containedin the Kingdom (not amounting
fifth OF the annual income Of the country) absurd
is it to make gold the iW'eribie currency of com
me rcia and manufacturing kingdom like Great Britain,
under all circumstances!
THE GENERAL Posr-OFFIcE-Everyd days expert
ence confirms the wisdom and propriety of the
pursued 0y the Post-Master General. He has not
been deferred by the noisy ciamours OF the Coalition
presses from discharging all his duty; has he been
induced TO exceed it by the aurements to the exer-
else of power. The attempts OF the opposition to dis
parage his qualifications and even TO wound his repu-
tation, have recoed upon themselves; their predic-
tons have been alsiied; and their threats have exhib
tied only their weakness. The department has
not only not alea into the confusion and misrue which
the National ntelligencer, with affected regret, pre-
tended would be the result of the administration os
Major Barry but it has been managed with abili-
ty and advantage TO the country, which challenges
comparison with that of any of his capable predeces-
1t is entitled thus far 10 the confidence and APP
,latiN ,AFth
it may have won the hostility and misrepresentation
of those who have lived in the patriotic hope that ita
results might be adverse to the public interests.
From the beginning ii the design of the opposi-
ton TO fasten the Messrs. Bradeys upon the posmas
ter-gencral. With that view, their prints, the
cous Journal and the candid and equally veracious In
teigencer filled with eulogics their character
they represented to be indispensable to the 60
vermont, il not 20 the existence of the department
-" Chaos would come again" if they not retain
edeven the late postmaster general was drawn in the
subscribe (at least their friends pretended to inter-
pref his letter. the ndissoubIc conncxion between
them and the prosperity of the department Now, be-
sides the absurdy and evil of such docrines-for il
the existence of department of government hangs
upon any individual subject to morality, what is TO be
its fate, when in the of nature that individual
shall have been called from the discharge OF its dutes
they obviously weak and unfounded. The con-
duct of these men, is surely proof enough that they
mortal; and better evidence is required than tho
letter addressed to the Postmaster General that their
services only could be, but ought to be dispensed
with.
That the public interests have not suffered fromsths
ehanges in the offices of Assistant r. NJ. c. is obvious
enough--snd those who predicted that nearly all
things would come 10 end ii the late incufpbents
removed, either convinced Of their
convicted OF their folly. And there is guarantee to
the public Of continuance Of the most favourable
suits, both in the i'm which tbs post Office has
been conducted under its present Head and in the in
dividusls selected TO fill the places, recently held by
the Messrs. BraJeys. With Que of these, ,Col. Gard
ner, have not personal acquaintance. hut Of his
integrity and capacity, and of his indefstgabe devo
ton to the duties OF his appointment We have the full
est assurances from those whose means and ability
10 form a correct judgment are undoubed. Mr.. Hob
BILE know Per,oDsy, we may say intimately, and
o better select could not have been made To
que sonabe talents and close application, he adds tbs
Shes integrity Of character amabe manners and an
agroeabls department In this state this appointment
will he in oil respects satisfactory ALBANY Argus
We understand that II is proposed, by number Of
gentlemen in the city Of N. York. 10 invite
the Hon. Mr.. Brown, lately minister pleDPOeDtiarY
from this country TO France, who arrived here few
days since in the ship Suly TO partake OF public din
ne mark Of their respect for his character and SER
vices during his residence abroad Few individuals
have Represented the u States, a. ministers to foreign
courts with higher reputation and more universal popu-
arity than Mr. Brown. During his residence at Paris,
the great number Of our counlrymen who visited ihat
CITY in pursuit of business or amusement, unite with
one voice in expressing then obg atoms him, for his
undertaking kindness and hospitality. The proposed
entetaiamsn will not have the s ghtest mixture Of
,cal Telling but il IL intended solely tribute Of
specf 10 distinguished merit in station Of great Tsspon-
sbjIity and importaneeto public officer who has,
ali occaons cherished the interests Of bis country
men and supported, ~ foreign court, the repu,soa
and dignity Of his country and government
y Ddiiy .4dp