Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1831-10-10
EessEEE&THC:
From Mig R.cisfe,..


Mo%E7.-iha seclc a.y Il TIE treasury ha. given pub
c notice a', on the frs! OF January nearly SIX
millions o the iIhic deIr Ill he paid eff This will he
81 much more cau''a released and suppose lis be.
S SGT GfOat Il ma the elec' ST further 10 ivance
IN" price OF stocks. M"ssrs Cotcns and Nh Poulta.y
n'Ehe BANKERS IN Ia tim # they d1 not h-vvatr IN
Im', - III r": the day that ;hcy offered pay G1 per
cht lnercs urrn all deprsc5 momcv for a icrnI NJ.
l9 than twelve non'hs Il is paying dear hr the
lJ'rhc preceding paragraph is frem the sNa.
lionnl ln!c!ligcnccr." The opinion of many persons
IN Baltimore, who arc thought TO be among the
best judges OF ''mcncy matters" is opposed to that
OF oar friend OF the ''Inteligencer" The fact is
That, because of heavy exports ofspGcc, on account
OF the nigh price OF exchange on England, money
has already begun 10 be ''scGrcc and will soon be
in great ''demand." There have been more move
"ents OF specie in Baltimore during the last three
or four weeks, than, perhaps, in the prcccdn q
twelve months. The protection ofdomestic indus
try had caused much to the whole Solvent
trading communty-but tire vast importations az
foreign goods, and the consequent departure of
specie, shows that the tariff is not vet su Efficiently
high or lis provisions sufficiently enforced, to pre-
rent ~ HrIoHS arrangements If business by Ruct,a
!InS in the rGt"e n money!, measured by the
price of lands houses, any other thing Mod
erallon Is always best-and seadincss most profit
able There has beer apparently regular and
safe rise in the value of property in nearly all the
Chief cites 2nd towns of the United Staes-but he
abstraction of ten millions ofdoliars from the vaults
OF our banks would lessen the CIRCULATION NOT less
of mn a.
hcy tlLi many engagements, thought entirely pru-
dent TWO months ago, may not easily be compIied
WIN. we regard specie only Il merchant able
commodity, and should it reIluX on account of the
price OF bills OF exchange, all persons ought to re-
lrcc IN It's movements, showing a profitable c;rcyIo
ten OF raiTe but when it departs because of the 10Th
price OF exchange, mot being native productions
1t Is the hest OF all possible evidence that there is
d Tcdi balance OF trade against us, :howcver diff
cut Ii may be TO prescribe rules which certainly
} balances of fradp 4
as VIC have often remarked, it was the fcgrCI cr,,
OF the Pret0Had philosophers ofthe south that tI,
tafii laws would ruin the revenue, * compel resort
TO direct taxation for the ordinary snpnort IF Ia,
general government: the fact is as we have nj
ways SAID that II would be--the common Drosnor
ity OF the people, because of protected Industry
e79bii"g them In purchase more frceIy will rive II
The revenue not less than five millions of dollar
more IMAM tine most sanguine calculated for the
current year, showing extra irnpoTtgtion of ,ho,
|" twenty-five millions, which must be substantiaIv sci
tied IN coin, unless increased demands should h,
made tor our staple productons-and there is ne
prospect that Europe Is willing to make Il genera
war for our benefit.
/. =. Since the preceding was written, we hav,
cr'dincd that mony is scarcc-rery scarce arnono
all thai are dependent on the usual accommoda
DIT Dank' ana we learn that the pressure will be-
come heavy, unless the export of specie shall he
speedily checked. Between six and seven millions
oil dollars have lately departed for Enpland-Iast
wock, half million left New York in one d,v
orccd saics OF goods making to obtain funds
and rulnous prices only obtained for some of them.
And the New York Courier says-s'We understand
rom Washington, that the u. States revenue for
IN" present year will exceed the estimates bv e;gL,
mHioHS Of doiiars. 1t estimated at 800 900 G0O
1t viii reach nearly 0,GO0, goo. Such is the
prosperity Of the country under Jackson! In two
or three years the whole debt will be paid off"
~ u be the fact, that the revenue will amount
10 thirty Observation-Disclosures must DO che order
%! Inc day" These 30 millions viii represent an
importation Of net less than 100 millions besides
articles free of duty, such specie, bullion, &c
ana what have we that can produce that mighty
sum in the fgrcign market during The vear5 II
inc blance is drawn in specie the distressing scenes
OF lc2!22 will be revived; and the payment Of the
pHoHc dcM be attended with the loss Of many times
us whole amount to pirate iadjrid,laIs, in sacri
noes OF property and arrangement of business