Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-13
Richmond. Thursday, Feb. IA.
FOREIGN MARKET-

We have London duties to the 9th December. -
The prices Of tobacco aud cotton are looking up We
are happy to believe that il will benefit those Mer-
chants, whose stocks were abroad. Gentlemen i'm
this city, who afraid o. losing by the ,obaccocs
they have shipped, will some of them clear perhaps
near $50 per hid. Cotton is about Ill. on the adj
vance, Specie was about to lie Slipped in handsome
quantities to the u. Sand the operation must to n
certain extent contribute to the relief of some OF our
Banks. We lay before our readers, several nnru.
graphs we havo cut out Of the English and N. York
papers, sc.
"Liverpool Cotton aforket, Dee. 2oThers has been
very animated demand Tor oon throughout the
week, chiefly from spinoers, and gradual
IN prices has taken place. present quotations heinz
40 "a per TO- higher Than those OF this day week.
"Dec 2S-On Saturday, the sales in Cotton tbouy
smal only amounting 900 bales were a, the extreme
prices OF the previous day To-day ther has be en- GOOD
demand and 5000 bags sold at lS per h. advance upon
Tie quotations OF Friday last"
Mn. M'DUFFiE's LAST Forty BALE FApptcA
TON OVERTURNED Cotton has advanced in Eurou.
aud large amounts Of specie have been shipped and much
greater will be, to this country to purchase ,y T.;
spite OF the removal of the depostes This is sad
Tor esrs Preston aud Nc Dufe. Upon what will the
'ound their arguments OF distress now This il certsnl
cheering news tor their consiiucnts.--W Globe
"By an arrival at New York, accounts from Ioo,o,
and Liverpool have been received 23d and al,h Of
December
" The Journal Of Commerce OF Saturday, has the fol-
lowing:
Tins Nnw. sro MAanrrThe published ,hi. morn
from our last advises about ID per stock here
.o S operations" In general tho foreign
The Daily Advertiser, (Dwghrs psper) Of Saturday.
states: ''
exchange below pnr there can DO no dom,u for
n. o on aS SS ss sums are constantly arriving
" Or five sns p'aon, state Of will
bank bsano specie '''' except
From the New York Standard, of Saturday.
"Oreat relief was experienced in the money market
yesterday Specie Is flowing in from all quarters Dor
rowing becoming lighter, aud will not be in the
e' Oh 'e - Bank to continue the present state Of
RaI laf 10 h..,l
Our merchants in this City nre indeed subjected
10 very severe pressure. There is deem gloom
spread over the Ciy-but hope that these nd vices
may cast one ray of hope over the prospect.
inns tllng must be taken into the account by our
politicians at ifmore specie comes
in-fewer goods will be shipped-and therefore, we
must look TO our duties and our revenue
"REMINISCENCES.
The pressure and the panic which the winding
up OF the present Bank will produce, are and will
he, greater than they were on winding up the old
Bank IN loii Its capital is three and half times ms
great-its debts are heavier-and the calling in nj
so much larger an amount will be more difiicnJ,
and oppressive operation. Yet the pressure ougbt
not to be- and will not be, so much greater with the
present Bank, as the difference i'm their cnn;tol,
amounts TO- Our population is now greater than il
was them and still more important element in Tho
calculation is that the country has more ample re-
sources. Then, our commerce had been cut nm We
ry much by the aggressons Of two of the most now
eriul nations in the world-but never were our fo
reign relations more pacific, the general prospe
ry OF the Union greater, than it was on the dov NJ
the withdrawal of the Deposites
10 give some idea of the pressure and panic
which prevailed in 1911, we present the reader
with the following extract from the speech of Rich.
ard Brent, Esq, the eloquent and distinguished Sc
nator OF Virginia in the Senate of the u. States:
hen general distress is in view; when all around n,
Is proof OF the fact when men in the hest crei, m
who have heretofore had the greatest command OF
now feel The want OF when there is general crv nj
distress from your large towns when table is loaded
WIN petitions from all orders OF people in our country de-
Pcng In the most vivid cofors, their present su.rinps
are curtaiiog onehaIt Of their sccommoda,ious when
our whole commerce Paralyzed by the various
sons mas experienced and by the shock which the agi
aon OF this question has already given i-for gentlemen
10 smut Their eyes to the effects OF the dissolution Of this
institution l., TO me, astonishing"
This is indeed gloomy picture Of distress in 1911
But what then The Congress stood fast-pu, down
the Bank-and preserved the Constitution.--Thev
toll do SO again.