Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-05-04

whore he had no present use for Il, would be worth
one per cent. less TO him than would be in Phil
sdeiphia where he had demand for Il. But, by the
aid Of the bank Of the United States, one half Of
the cxpence OF transporting specie Is saved 10
him. The bank for half of per cent will give
him draught upon the mother hank at Philadelphia
with which he draw either the bills OF that bank
or specie, al his pleasure. In like manner, the bank
and is branches will give draughts from any point Of
the Union TO any other where Offices exist. at rer
centage greatly less than wsuld cost TO transport
specie, and in many instances at par IL the merchant
or planter, however, does not choose to purchase a
draft ON tho bank, but prefers transmitting the
bills OF the office where he resides to any distant point
for commercial purposes, although these bills moi
strictly Tedeemablc at the point TO which they are
transmitted yet. as they receivable in payment o.
all dues TO the Government, persons will be generally
found willing to take them at par and II they should
not, the bank will receive them frequently at par, and
always at discount much less than would pay the
pence Of transporting specie. The fact that the bills
OF the bank and branches Unfortunately receiv
able at the customs houses and land.oices, payment
OF duties, and for the public lands, has effect in
giving uniformity to the vane Of these bills, which
merits more full and distinct explanation.
For all the purposes Of the revenue, IL gives to the
natiooal currency that perfect uniformity. that ideal
psrfectou, TO which currency OF gold and silver In
so extensive country, could have pretepsjons.
bill issued at Missouri is Of equal value with specie
OF Boston, i'm payment Of dues; aud the same Is true
Of all other places, however distant where the bank
issues bls, and the Government collects its revenue
When II is mo- cover, considered, that the bank per-
forms, with the most scrupulous punctuay the stipu-
laon TO transfer the funds Of the Government to any
point where they may be wanted free OF expense, il
must be apparent that the committee are correct to
the very letter. in stating that the bank has furnished
both to the Government and 10 the people currency
OF absolutely Uniform udiue IN all places. for all the
purposes Of paying the public Contributions and dis
6ustng the public rcpenue. And when il is recol-
ected that the Government annually collects and dis
burses more than % millions Of dollars. those who
at all familiar with the subject will at perceive
that bills. which of absolutely uniform value for
this vast operation, must be very nearly for all the
purposes OF general commerce.
To be continued
Remarking on Mr.. Cambrelens's Report, the London
Courier says,
"What can be more absurd than to expect their
woollen manufactures prosper while the quality OF
American wool Is yet 80 inferior, and heavy duty
is imposed on the import of the fine woods of Saxony
Spain, and England, In like manner to hardw are
how vain il it TO look for successful result when The
working of the American iron mines Is in its infancy
and that material is subjected when imported irssn
England Sweden, or any foreign country, to heaey
duty. The same holds in regard TO the attempted
manufacture OF co-lage; to favour the cultivation Of
foreign hemp and the cost of the American manu-
facture being consequently much enhanced. their
ships, when proceeding TO the North Of Europe,
leave home with very slender supply of Sails cord
age an cables and regularly lay in double stock OF
these articles in the Russian ports.
Ills row long time since the culture Of sugar was
begun in Louisiana, and encouragement was given
10 II by heavy duty foreign sugar. But Louisiana
Ia only on the verge of the climate required for the
growth Of The sugar canes the have occasion-
ally proved uniavoura ble and at time is il
bic to expect that any province Of the Union will be
able to rival the sugar planters Of tropical ATTITUDES
why then continue unavailing contest with
nature; and why not allow the inhabitants of the uni
ted States to confine themselves, like those Of other
countries to the produce adapted their climate and To-
caii'ies,, such as cotton, rice, tobacco and wheat
"Shs Appendix contains a number OF tables, with es-
Inmates Of the cost OF ship builiing, and comparisons
OF the tonnage of this country, ard the United States
at different periods since the of 1915. In
case the advantage is said to rest with this country,
and to show that whatever may be the grievances of
our interest," those of the Americans still greater
a fact to which we earnestly call the attention Of Mr..
Davenport, Mr.. Western, and all who trace suf-
ierings TO the resumption of cash payments and the
calling i'm oft he all noies