Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-18

THE PRESSURE.

York Standard of Thursday, makes the following
statement upon this subject:
ihey nave appo'n'ed numerous and most rcapec-
table nuittee for thar purpose aud We cct that the
application will be successtuthe banks will Give them
aid All Of Them saue one have long ready do
so; the committee Of the merchants will receive that an
swer from them.ThAi one-the Branch has but to come
into the measure, and they will then all that Is need
full 1t IL very probable that the Branch will consent: II
will hardly dare resist the demand OF those who have
heretofore sustained il; and ii the influence Of the
merchants was not sufficient. there Is believe
mat the parent Bank, afraid proong the Distress and
hnding 1t unavaing to carry its Objects has resolv
upon change Of policy. Upon this latter point, how
by obstruc the operations Of the comni,tee.-But we
think the Branch viii comply, and if il does all will
be well at o'cr, save with those whom the Branch
has already ruined. The immediate wants Of the com.
muniy will he supplied forthwith hut above ALL with the
change In the course Of the U. s. Bank will come res
torafion Of confidence That is the great thing reou
red; let the pauc be dspeed let capitalists and bust,
men he sli we'd from apprehersions future and greater
distress to be caused by the Bank, and money Wilt again
cheap. II the Bank will do no more but restore conf
dence, even that will be sufficient. There is money
enough the banks loaded down with private depost.s
hat the payments for March and April already pro-
vded for and The lying idle rs deposites Re-
store confidence and holders will not be afraid lend,
nor VIII payers be driven 10 anticipate Would that the
merchants had but taken their present eeks
earlier!
Notwithstanding the undoub,ed pressure unoa tho
money market there has been for years so large an
amount OF deposcs lying idle in the local Banks This
not to be disputed, and we challenge denial, which
not by the want OF money, but by the
The N York American ION the other side of the
hedge confirms this anticipation with the following
more cheering remarks on Thursday evening:
"The moderation and the grave tone Of the Report
made by the Merchants Delegation, to the great meet.
ing OF Tuesday, cannot but insure to il wide and general
circulation likewise to the we'll considered resolutions
adopted by the meeting. The first object in view was to
quiet apprehension and aIlay panic far practcabe
reanceaif any yet remained-npon the Executive the
United States Tor measures Of relief from the pressure
which the indulgence Of his blind reseniments payed
upon by political gamblers has occasioned; and Sc.
condy, to express the firm conviction men inter.
ested in the truth OF their declarations that our CHI.
zens must rely upon themselves and each other and
thai, so relying. there is enough Of energy integrity
and property to bear them through this of caism
tyno indeed, without grievous lossto uimt e safety
Mcasurably this result was produced yesterday There
was indeed, no change in the state OF the market; but
there was more elasticity of pirits-nore disposition to
seIireance and less oftat looking abroad sdvenous
causes OF hope, which exces only the deeply TO de.
press, when disappointed mot indeed be antcipated
that we can Tor many months, be restored the bamy
stae OF active and universal prosperity, from which we
have wickedy and wantony been cast down: but
there must be- by the ul6ment of old and
the foregoing any new ones-a state ofcaIm and
parative tranquility"
Since the above was published, much of the panic
created by the temporary suspension of the Messrs.
Aliens, of N. York, has abated.
"They have resumed payments, are az ain
ing in their business card, signed by Robert Lenox
Isaac Lawrence, Gideon Lee, Cornelius Heyer, John
Adams, and James G. King, of New York, cerifes tina,
allow for losses Pennsylvania other stocks
show them TO he possessed OF available assets be-
yond their total liabilities, OF than five HUNDRED thou
sand dollars"
Some of the Bank presses claimed all the credit
OF Mas restoration to the Branch Bank of the u s.
at New York-But the Evening Post sets the mot
ter right:
We were yesterday informed by the Messrs Aliens.
thai they were under the obligation the other
banks as to the Bank Of the Uned States and that was
not owing the peculiar beraity and Of thai
institution that they enabled to resume their
nents; the Bank Of the United States having merely
tilted its readiness enter into the same az
the other banks would agree to-
The fact is that the Pressure, great and grinding
as It Is, has been augmented by the Panic The
u D. Sank has it in its power to administer relief
if it only cordially unites witt, the State BanksIt
may add to the PRESSURE if il turns the ngain
what a state OF society are we reduced to, when
we are thus subjected TO the overruling influence of
great Moned Institution! And is il TO its bebes,s
that we are to sacrifice Constitution? That we
are to offer our very liberties propiate its ven
geance ?-No-no-The People of this country are
too independent and enlightened to bow the knee
10 baai-ihe Bank must rule the People, or the
People must rule the Bank. The question has come
to that issue-Bank or no Bank The Constitution
or no Constitution? We cannot blink the question
but we must meet it like men and like freemen.
The great Henrco meeting is over Tile uues
ton was taken IN The dark, Ton Saturday evening
aiter more than two-thirds of the people of the
county bad dispersed. We understand thot tI,ere
were not than 80 40 citizen residents of the
county left upon the ground--and each resolution
was passed principally by the reclamation of some
az or 90 citizens of Richmond. They kept the field
oil batte-and of course had every thing their own
way. Tie closing scene was one Of great confusion
ana Glamour. An Observer i'm yesterdays Wbip
remarks, that "They (the friends of the s,bstute1
may say this is no expression of the county of Hem
rlco and ,cM not say ii IS, for the only thing that
the party succeeded in, was i'm driving the country
people home before they had an opportunity of vol.
ing"
Among others who appeared at the Meeting. were
the two candidates for the county, Messrs Bolts and
William Randolph. The former las the organ of
the COMMITTEE, all selected on one side by the |
Chairman of the meetiDg) reported the Preamble |
ana the three first Resolutions of the Legislature
passing over the 4tb which protests apainst the |
consiitutionality Of the Bank Mr. Bolts 0express
ed strong desire to address the meeting. on ,be
Proprety of adopting the resolutions; but ms he per
ceived other gentlemen there, whose views had |
Deen called for by the couny-(referrng to Messrs.
chapman Johnson, Is. w. Leigh, and John Robert |
son. and as he would have other and frequent op-
poriunltIes he would yield for the present, his right
to The floor, that they might be heard" Mr.. Ran
doIph then presented his substitute, and addressed
the Meeting for some time, with great force
But the question will he tried over again when
tile people of tie comfy present to rive their
voices. The appeal will be made TO tile March
Court, or to the polls in April.-Read the Re,oI,-
tons of Louisa and Northumberla nd-Such will be
ia ,se of HeDrco.
LETTERS from Mr.. Randolph.
The Publishers nj Philadelphia (llessrs Cnrev.
Lea a. Bioncb"rd) inform US that they will publish,
III a few days, in one vol. Syo price IN subscri.