Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-08

10 WHOSE opinions OH SUBJECT we attach
lar value, for the following views of the two Bills
lately passed by Congress for the regulation Of gold
aud silver coins. We shall seize the first opportunity
of laying copies of the Acts in question before our
readers, for their information.
The BILLS regulating Gold and siiper Coins.
Vias IS, arsontum auro, viriuiibus aurum-iIoaAcE
IL rcirs sing amidst the party oil the
times that the two houses Of Congress have agreed
subject OF great importance to the communy-that the y
were willing In one instances TO give up their contentious
about men, and agree upon OF beneficial enden
cy TO the country Under existing circumstances. eau
scarce he disputed that the laws passed by the late Con-
gress, to regulate the value oil Gold aud Silver Coins, will
have saioary effect the inland trade and exchanges
OF the whole United States The only matter of SURPRISE
is when State is allowed by the Federal Constitution
" 10 make any thing but gold ard silver coin tender in
payment OF debts" and when Congress only have the
power 10 coin money regulate The value thereof and OF
foreign COIN, that the subject has manned long with.
out proper adjustment With rich gold mines in
try and mint established at enormous expense, who
has seen In circulation piece Of gold coin within the last
half dozen OF years. An Eagle has indeed been rora
dris; and ii seen at ALL il was only in its ght from the
mint to soma packet ship bound TO Europe Even the
greater proportion OF silver coin in circulation bears the
stamp Of foreign government; and since the separation
OF the Spanish Colonies OF South America from the mother
country, "Spansh med dollars and parts OF dolars''
which composed the entire legal foreign of this
try have diminished amount as to render il ne
cessary TO resort in practice TO other foreign coins that
were not legal tender. In this condition, the United
States free and powerful naion, with and album
dant mines OF gold subject TO the opprobrum
possessing legal metallic currency enough the odina-
ry business oil the country and the people compelled, by
the iorce oil circumstances 10 remedy the defect OF
feet legislation, by receiving and paying coius auiho
rised by law And yet told, that laws tardiiy
and reluctantly passed. 10 raise the OF gold coins
and to make foreign coins legal tender, deserve
not the importance that is attached them. Lowndes
Gsian, Dsllas, Crawford, Inghan, Quincy, and San
ford shave each pointed The error in The gold SIAN
dar, aud ended its econ" and the report of
Mr. Quincy 10 Congress in 1911, clearly established the
ProPe'y OF making foreign coin legal tender, less,
until the mint OF the u States shall emit suffciency
OF our own coin ior the ordinary necessities of domestic
exchange not the purpose OF the writer attempt
to explain the why such have
been utterly neglected Tor the last eighteen twenty
years; bur Is matter OF real qualification that exer
tons OF Mr.. Senator Benton and Mr. Campbell p. hite
oil the House OF Representatives, this important
sure, have length been crowned with success and the
need OF praise will sssuredy be hereafter arded 10
hemwhen the party strife OF day shall have passed
by That the relative OF gold and silver nigh have
been more exactly adjusted, according the views of Mr.
Webster, Mr. Gorham and Mr. CanbreIeng, is highly
probable; but the difference is great any
very material expectation of the latter metal merely on
that account, and II to give preference either
as circulating medium, that preference should certainly
lean towards gold
In the fist place, il is one Of our native products.
I'd. II has more uniformity OF value than any other
known substance;
3D. Ills more portable;
4ih. II has more power exchanges;
9TH II will supply the place iu great measure, small
Bank notes.
The Inconvenience of silver coin any great extent as
circulating Medium, is paipabe. Rather than paw one
per cent for Bank cheek Tor ten thousand dollars on
distant place, may take thousand eagles, which
will only weigh about hirfy-sir pounds avuIdupoze
his travelling trunk in his saddle bags would
rather pay the premium bit OF paper for that sum,
than ncunber himself with the ,ueight Of sic hundred
pounds in silver. That large negotiations will continue
to be transacted in Bank checks aud domestic bills OF ex
change, there be question; but then the rate of ex
change must depend on the with which gold can be
transported la truth, The only true, genuine and
sttuoDa basis for regulating the currency the country
is to be found in an abundant circulation Of gold coins
OF proper standard and 6neness Banks managed with
common prudence, will be cautious to overrsde hen
they are ever liable TO be called for gold by every
who about travel into another State either Tor
nils antxp i,enp srd.o
man wl, OF choice keep in his house small stock OF
gold instead oil Bank notes. The whole interior the u
States will thus be stored with small sums in specie,
which in the aggregate, will compose large amount. on
which the public may rely with confidence sound cur
renSy 10 cases oil war or other emergencies.
The writer is not visionary imagine that in this
enlightened and commercial age the whole me.
dun OF the country is 10 consist OF gold and silver. He
well knows the preference men a We for pa
per sfoing gFeater facility and expedition in their ope.
ratons but great advantages will be gained by transfer
ring metallic currency into The business Of the roon
try, TO serve as check the excessive issues Of paper
to which the Baking system has continued trnden.
cy. In mixed circulation probably attain 10 the
highest degree OF perfection in currency OF which
Is susceplble Tor, We unite the cheaper and exped
uous quality OF paper with the expensive but
more substantial quality Of the precious metals. X.
The observation-disclosures the discordsni elements OF
The Senate have maryelouly succeeded in keeping oge
Their And The secret has been, that they have agreed
upon one common object, viz make all events
upon the Administration aud its iriends while they
waived the several points upon which they them.
selves disagreed Thus, Mr.. Webster foboe pt, s,ine
his Bank Bill and thus MFR. Calhoun did not press his
motion on tie Force Bill after he had made bis speech
upon H. Each OF them gaze and tOO sacrifice their
own isyorie measure 10 their interest But the
time rapidly approaching when the calls Of ambition can
no longer be senced, and when the Presidential Election
viii array them directly against each other. Two or
three OF the firm will set up Tor Themselves and this ex
haordihary partnership will then he broken 10 pieces
Something bar been published about the loss Of the
s. Schooner Experiment; but the following has been ohz
ingy furnished anu Thai there s some
mistake N the Extract taken from The Peosscoa Gazette
Extract Of letter from fidshipman attached 10 The
West India Squadron, dated
PENsAcoLA. June 81.
"The YandoHa has gone down the Gulpb Of Next
co. and the Experiment has the Flag I'll she back
The General Court convened Yesterday in the CAPITOL
(bting The first fOud0y in July) We shall give the
OF The attending Judges aud their proceedings
hereafter There conversation Yesterday in e
Court, about the Proceedings the celebrated case Of
John Randolpbs WW-but II IL expected, that no final
action will take place upon it, until the December term Of
the General Court
co.HMUyvTcsTED.
To the Voters ef the Congregational District composed
ef the counties Of Caroline, Esser, King and Queen
yfiddieser aud King p'iUiom.
FEJLow-CtTfzE Much has been said about mem
bers Of Congress opposing the wishes Of their
enis IN several districts IN Virginia, aud my OPT
Mon have abmsed the trust reposed IN them than
your present Representative he has voted throughout
he mus have known dat every county IN his district
(wih the exception Of Essex) has Administration
oriiy, and h Likewise opposed the restoration Of the
Deposites Caroline has large majority In favor Of the
Administration, ard have the counties Of King and
Queen, mIidesex aud King William. Look ibe vote