Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-14
Monday. Ifarch 10.
I'M SEN ATE

Mr. Sisbee said that he had re ceiyet from the C.
nor OF Massachusetts copy resolutions which had
Gently been adopted by the Legislature OF that State sin
relation TO the currency, aud 10 the removal the de-
posites OF the public money from the Bank the United
States"
That these resou (Which passed one branch Of that
Legislature with but single dissenting vote and the other
branch by vote of 307 1859 expI c,sed the sen,i
ments OF large majority OF the Legislature ntly
sembled at Boston from every part the Common H.
and who carried with them knowledge Of the presen,
and past condition OF the agricultural CONNIE rcid manu
featuring, and other great Interests OF that Sta'e
That these resolutions proclaimed The existence of a
distressing scarcity of money, and The belief that the re
moval OF the depoSites OF the public money had ell tho
principal ii not the only immediate cause OF IT, and that
his colleague and himself instruct by these reso
iuons 30 use their influence for the purpose procur
Ing me restoration oil the deposiies OF public money
the Bank Of the United States and Of continuing TO tile
people the advantages result ing ational Bank by
renewal OF the charter OF the present one or in some
other way
Mr. silsbee thought these resolutions would no, have
been sent here IL the existing pecunary
oil Inc country were not so oppressive in the udg
OF nose VINO sent 'em TO call loudly Tor the iierpOson
OF Congress to relieve them
Mr. s. said il was nconcevabe to him that any one W no
had either ears hear eyes see, could longer en-
terrain doubt that there was some cause or other
heavy pressure in the money markets oil those cons
OF the country where such pressures generally first
iel and that this pressure must AMI would reach the
other and all the other sections OF the country not
ready there Yet he (Mr understood byf there vera
some, though he believed not many, who now not
only doubled, but even denied the existence Of any such
distress or pressure
sachoses now in session, there is probably much
circulating capital in proportion is population aud lis
trade, as IN any city Of the Unon and their
banks and their capitalists as those
OF any part OF the country; yet even there Mr. ) said
(as his letters informed hn,) the money market was in
such state had not been known Tor many wears if
That this the elsewhere lian in Boston, and TO
considerable extent every where in country the
present depressed price OF socks, and the exo biiant
rates OF interest, afforded the strongest and most posye
proofs That these the only proofs OF disress
that they were to be seen in whatever direction look.
ed IL was not only the stocks that were depressed in
price, but he believed ii would be difficult To- find any
kind OF property that less depressed in
price. He doubted il there single member of the
Senate, whose property, whatever be lis Kind or
character would now sell for, be estimated al so much
by from ten or twenty per cent might have been OBJ
famed ior " Hx months since.
lie said II was impraccsble to make sales TO any ex
tent Tor cash, and IL was but small portion of the com
muni'y who no" possessed sufficient credit purchase
on Tune lie had recently been informed hat a gentle
man residing in OF commercial cities Of unioubt-
ed wealth and credit, being asked TO make purchase
pnent he had ever received
Mr. 3 SAID he had been Intermediate com mission rner-
chan's genef"y now decline not only guarantee sale
made by themselves, but also decline uakug anv
Whatever goods consigned TO Them Tor sale which lad
not been the case heretofore. gentleman Of nis ID
nc. 10" Ia'eyy 'Nlorleu "'fn Wat upon shipment Of
Hour TO an Eastern city, lac had, as usual bereorore
drawn for part. and bur small part, Of lis ysoe bis
dealt was accepted but lac at the same time advised
that ne must refund the money by return mail or uba
rive sufficient quantity OF his 60ur to be sold Immediate
w Tor cash, at whatever price might bring, remunerse
tue DRAFT lie had been advised Of the result another
shipment ION Southern TO Eastern port, shipment
valued az SOOo dollars, and subject freight ~ 500 dol
drs bui upon which found npraccab1e TO rais,
ne 7oo do'dr' IN cash. that the shipment was
to The ship-owneF, to obtain bis freight lhereirom
Scarcely mail arrives said Mr. that does not bfiue
accounts Of failures in our conerci, Giles and o,
already we have heard Of than seventy in I,tev
ilounshng seaport OF Massachusetts. We hear almos,
daily aso, OF the soppsge of o. orr manut,cfutng
establishments aud Of hundreds OF worknen and work
women being thrown out Of employ In conseouenre oi
We Inaby Of The owners Of these establishments TO otsn
money enough. either by SALE or pledge Of te,r bcs
10 pay these sborers.
The Instances Of exorbant rates Of interest lately paid
ME- D. said, were without precedent in this country either
~ peace or in war. Six months since II was dieu !,