Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1832-09-05


In that country the trade of banking and cur
rency is perfectly free. There is Government
bank, the renewal Of whose charterls IS. IKE our
own, at this moment under considerations out
it has had no monopoly, and has had 10 main'a'"
the competition with other banks, OF which there
about 500. 1t has, however, by It's posiuon, he'
cessariIy great influence over the whoe o' '"e"
The Americans, we believe, have hau one, II
not more national banks before TINS, Ou' nave
dissolved them; and committee OF congress
have even gone the length of recommending 'ne
dissolution Of this also, but on what gtounus VIC
are not aware. The cause of its establishments
however, is very curious. In the PeI'oa oet~een
1914 and 1917 the banks Ia majority VI '"e
States stopped payment by general CONSENT anu
their notes came to be deprecated upwards U. ~
pet cent This state of things 1t became ues,'a-
HE for the Congress to remedy, and as the law
boJ nrov;ded no mower TO interfere, the United
States Rank was established to break UP
the general combination, and compel them, by
having in cash, to do the same. This effect Its
establishment had and most tremendous crash
followed. The banks were compelled to con-
tract their Issues at least onethird; many OF them
failed and all classes. but the commercial cias'
ses more especially, were Involved IN The great
est distress 49,
Much difference of opinion exists here on the
merits of the American system-some treaunS u
as quite perfect, and others drawing conclusions
from it of wholly opposite nature. In the alb
scnce, however, ofproper materials 1t IS obvious
that no conclusion can be perfectly relied on,
and that the proper course Is 10 oo'dih eo''.''
information, which will not be difficult, as the
Americans have tor many years compelled their
banks to publish an annual statement OF their
affairs, innumerable reports OF when are, IN tact,
IL. ~
extaut. These properly analysed, Invested oil
the local matters they may contain, ana com
pressed into sort of historical narrative, will
farm yery valuable document, and help any
deficiency in our own experience OF the subject.
The Times.
House of Commons. -On "Wednesday, IN an.
swer to question from Sir Robert Peel. Mr..
Poulett Thomson stated, that the reports Of the
Cholera in the Metropolis we're greatly eXaggc-
rated
From the best accounts which the Board Of
Health were able to obtain, not more than thirty
or forty cases occurred daily within the whole
district of London and the number of deaths va
ried from twenty to thirty. Ii was not the inten-
ton of Government to publish any daily report
of the cases which occurred, because the appear
ance of such an account would cause the trade
from London to be placed under quarantine IN
every port throughout Europe. 1t any disease
Of the kind really prevailed IN the port OF Lon.
don. any attempt to conceal ITS existence would
be most improper, but the factis, that the ma'ady
did not prevail there, and during the last four
DAYS. there had not been single patient receis-
ed in the hospital ship. The cholera existed M
some parishes in London. but il did moi IN the H.
yer; vet if any official statement OF the existence
of the cholera should be published, the conse-
uuence would be, that While impractical benefit
would be derived from the publication. the ports
Of other powers would be closed To our trade.
Colonel Sbhurv did not think Mr.. Thomson S
communication sufficient; and stated ms ih'en-
ton to persist in his motion that copies OF the dat
Is returns of cases occurring IN London should
be laid before the House.
LONDON, July 25.-There is a great, but. we
cannot help thinking, very untoundeu, alarm
in the CITY on the subject of the cholera, to which
we wholly attribute great number OF sudden
deaths which have lately taken place ;bat it should
be borne in mind that this is the season when dis
orders of the stomach more particularly prove Ia
tai, and great majority OF the cases which have
occurred, would it is certain, have passed with
out notice, had not people been under the lntiu-
ence of panic which deprives them OF all JudS'
ment, and even common sense. This Is pecu-
liar absurdItv among class OF men whose inter-
ests are opposed even to The circulation OF we'll
founded alarm, who were wholly sceptcas at
first of the existence of the disorder among US,
aud complained bitterly that their Interests were
sacrificed by the official declaration OF the govern
ment. on the subject.
Results of Cholera. In 1881, the burIals in
the six metropolitan parishes on the south side OF
the river, from June 6 To Julv Is. amounted to
2l4; and during the same period this year to $40.
being an increase of l52. The general "lfi ial
report of july 18 shows an increase of frlgntiul
magnitude; namely: new Cases in Eusland and
Scotland. GEO, deaths 1873. recovered go, remain
ing /. e65; IN Ireland, new cases, 462, deaths
100. recoyeries SOFA thousand and eighty-two
attacks of the disease in twenty-four hours, and
three hundred and fifty seven of them fatal July
10, the report of Cholera IN England and Scot.
land. new cases 467, deaths l1S. recovered 277;
Ireland, new cases 655, deaths 254, recovered
42S-1,l22 new cases and 432 dead. In Paris,
on Wednesday the 18Th. no died.-Ln. Ga<.
Cholera in the Metropolis. Up to the time of
our writing. the number OF cases at the various
parochal establishments continues on the adj
vance, Though not with the rapidity that some
apprehend.) 1t is quite evident that Ministers
are averse to the publication ut reports IN Lon