Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-28

ok papers and their remarks, touching the operations
OF 'he Bank in that market ia exchsnge as welt "a IN.
value OF money! which ruled the rates From The noulv
s'e'nen's Of the Bauk taken the amount of funds
abioad az different iimcs which gives some IDEA nj lie
amount OF the general operations OF the Bank IN
under ue Jiersn rates; aud la how far the inuenre OF
me n@hk MAS exercised, 10 cause the frequent vsAt
abroad. 3.l5S 1863 dol ars ' " '
"'he ''h OF ,hat month"; the New York Courier and
"q.er' quotes exchange al per cent. premium; on
tue llh, at H. and remarks "sea,ei Of ,nou,,,
on We 2is', at Z ,; AMI on the 2sth, al 7 o1l3
dollars. - ''''A'' -'-'i'''i
| During the month OF September while the rate va.
red bat little, aud that ia tall owing 90 IN. srsyci,y
abroad, s67 .39s dollars '' 'u""'
rom October the 9th to the &c h. the quotations are
',o" TO per cent. premiums; ainst IA. lat
'he remark, sarge Gni0,snt offered
On The lst oil November the Bank had abroad Oa7 756
' ,-mihiig he amount Which it had drawn for ,u-
las. ''""s' ''''i' oo''
No'emher "a ,he quo atoms is 9 to T. with soon
siderable demand for money!" on the OH q o,o6a
WIN "sood supply on the 10th, 6 I'd to ? and
money ~ demand and rather scarce' on the 23J .
TO q, the deeiine attributable 10 me ,eaf 49,,
and IN good demand" ''"' &c
dollars. 'e A'NS'o-'
Here we have the Bank a purchaser Of exchauc. i,
NoVenber while, by its curaiimens which tia, naomi,
we're ioais II created scarcity Of money and
enueu"" IA The rate OF exchange of Ia per con,
wih'n that month il adds its funds in Euops 100 7G
dollars " '-'''Po i@'''ot
December lib, quotation . 10 8 a. and ..,oo., 500.
fnues scarce ana IN demand;r ON the Ilih a 2 -,
anu fhe pressure ion money rather inr,rasiuo IN %
@ls' no quotations; on the % H. qno,au n I .,nyes
dence." e '0a'" " COME
On the Isl OF January, 1884. III. funds Of the B,pl
Irna, ", r. Si,'z"oli. On tie 9th OF the month"; the
Journal oil commerce Qiom which succ.c,Iing quota
"o n are 'aSe") quotes exchange at to premium
ne aggregate loans OF the Bank beiw cen the frs, Of
december aid the first OF January were increased
halt million OF dollars but the effect. nno, d.
OF me enormous cnr'aiiments OF the PREVIOUS mon,hs
could not be checked Between ia. I'm of nsra, i, We
W" y" january, there was decliue Of 3 3 4 per cent
s. me Bank wen, on, sold aud rcdceds orrign iun
'oI,'.s dollars during the month OF December
~ was not ,he eurtaimens oi the Bank alone ,vbic
r, y, :" exchange "and general want Of con.
nrsnce' during The month OF December About the lirs
" " w., Nav MONT, Mr. Clay was in Phsdephia The plan
~ e eanpa's" was then arranged between him and ,hr
pank' and Its co nsel AMI ttorney Mr. Scream, Con-,
sess assembled on the 2 and the campaign onepeJ soo,
AFTER ne Senate. ierce war upon he Ex .ru,o 49,
commenced; every measure was rrsor,eI ., -, ",s
create panic lead To di-tress or ,l.sr,v co,,f,
mry were successful Mr.. Biide, aware OF the course
wnich was TO be pursued, and an,irpa,ing liz m 80.
whlch would be produced upon the PRICES NJ .xciam
'oos advantage OF the which he possessed AMI -
duced rate. W "0"'"' even NJ u re-
January 2o'h. exchange was quoted at pa,
were 56l, 1913 dollars ~ IAN" nofo""
No."uhstanding exchange had fallen on the G n o ;,
- iH per cent znd TO par on the 10Th, the Bank
went 0n selling TO the amount of I62 A2i ,olIa,.
10 nave as much OF its funds at command IA nos
ioe 70 invest at the reduced rates produced bv its p
e"T T add the panics OF its senators
February 81. Quotation l per CEN, ,;,co,r, 49,,
On ,I mn ", rs SOLD AT PER CENT. DIscouNr'
0n NE lo,h TO discount; the IL h par
1916 376 dollars ~ "o'o"u were
WOW, The Bank began 10 profit by the eects of is cur
'ale nus ana lis panics IL purchased AT The reduced
dollars r' ." '"'""y' ooozo3
M'cl, 3D. per discount; on the 10Th, a,o,I.o
premium. On ~ pa" discount; on The 2ih, par 10
On The LIST April, the funds o, the B,,L ,b, -
2,l77 9l9 dolla.s " wy D""N abroad were
IN DaIlns the month OF March the Bank continued 10
pro 3y lie disresses OF lis and its Sena or cre,t
ing IL purchased at the that month mar 70 m
per cent discount, 26I ,5l3 dollars r "
AifH II, exchange 10 , per cent nre,,;,,,. - =,
I'm Al IL prem and "he United States BronrS
""OS az PftWumi OH the 2i-i, Branch sOLf az /
per cent premiums rn tie 2SI 2
on me /" oi May, the fund. Of the Bank abroad ,
573 10 dollars 80 " ao'o"u were
On one OF The Ias'dsysot March, the Senate took vote
upon the resolutions OF Mir. ely, which had hcc
ZOE '"uf mouths IN that body. The O,positon ,a,,I
'nen look respite Mr.. Webster hayius ,l,oy . I 49,
S,s & mat he would move TO take up his LliI on The
err o hPr'i Z" eIongae the charter of the Bank len ,
senate, aud went 10 Hhsion. PoinIe xer and pres, -
company with Dun Green. Ia IL, aud were roasted H.
fhhde'phla Clay 10 the south M s,,l.,, ~
Of 'r Senate. Sprngue Ewing Manrrm and "a
un'He to keeP up ihe pane Exchange a,yanccG;
cons On nee, AMI we find the Bank seller of cxcJso
AZ : per cent PIcHinm, which three weeks Lofn5.
,hey purchased, might have purchased at o, about n
During The mouth OF April they sold and .sse,cd J, az
On the 9th May, exchange is quoted AT 2 ! . nor o,,
premium " ~ 1919 . -
On the 1T OF June the funds of the Bank abroad ero
s! Cos lSS w "N ""'oau were
in ihe Litter part al April the President sent IN Tho s
e "' Io'esi MS ioHud most OF the leaders absent
"e'c "'sPaifhcd 10 every quafter, snnmoning "a
m"u quarters an HE absent leading paur. makers Cav
"e"S'eF' aI Preston, hurried tile rally ne,v ,ys
was oPen'd aIll new panic succeeded Ii was nm te
way lack iiAi Webster delivered his ceIeLr ,ted Ia,
~ ~, nI,'moie' from the Steps of tavern on Sunday
ne hK began 10 purcha-c this month uvon the In
wtrh ne new panic had caused less llan 80 l,vs ~
per cent, and purchased S3i $50 Tiis WA In, l,s
prelude TO Their opera lens the nex month
Oh The ~ Jnnr, exchange 8 4 To nor cent mo
MUM on The y h par AMI "fhe Branch bonehf Goo 600
s''"s OF ms 'Gf'j t0uhn J,0 days pdst there has
0eeH niue scarcity IN The nancy mGJktf;" ON tie IG,
y" 10 u" cent Pteni'iin--" ln0Ie pIenfy iha,
dmng me precious toeek;' the 23I premium: ON ,
30h premium F'"'"' '' ''e
o. the ld of July, the Banks funds abroad ,yore
The mrn'h Of June the las OF Tho session Of foo
gfess, anu The last Oi panic distress eneeclcs ~
BANK made HE most Of il. IL TUX alvanape of tho ,s,
Pih'r' "lch WIN us Senators they lad proluced II
Pu,c"s'N "ihg HAT month at te Of about par and
a"irh W s 'nnh' abroad 80. lI205l.
On The It'll July, exchange was . a 4 ~ q ,or 90,
premium; Oh the lob, to 2; and on The 2sb 4
TO i 2 > w '" VIC No'"' .
On W" irst Of August tho Bank funds abroaI ,vco
, ,lp1 ~ as coon ss Congress adjourned the manic
subsidized, business resumed its yontcd ari,vv All
Pe'ons, ana exchange advanced in the mon, oi liz,
amour per cent Tie Bank increased it's funds ,bo91
s moh' oVl 800 dollars, But His increase j. bcji,ve
F" ne Puchssfs made ~ The South during lie urcvous
month, at HE panic prices par or under yb,cI i ,
fle Hfnlu fff rs. - fst