Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-06

ding IN stocks and mercsandixc merely but ovcr,radu
also IN real estate. The whole neghborhood OF the c
an exorbiiantiy enhanced vauaou has been literally
covered with acts requiring later the nav
Hent oil money, aud Of course gnenng Ia corresuon
ing degree, the demand for its possession.
ihe overtradaX aud speculatou however, has rattle,
oeen an effect than cause IL resulted lk,
oer deceptive appearances OF great prosperity, IRON IN.
enormous expansion oil the medium, and Ia
hardly yet had time to subside. -
Having thus ascertaned. truly believe, the ma
s' origin OF The disease uner which the
is "ooring we feel the confident in the gu
we shall oiier as the remedy il- 90
hen, admitting do, that the hank issues had
oeen unduy expanded, aud that great cur silment
ereote necessary. we insist, that make suddenly
" or oven at all. at period. when other
Us we nave shown, are producing unwonted demand
'or business FAC ties unusiabie and
on the par, OF the bank whose previous created
'"e necessity Is obnoxious to the censure
me curtaiment, indispensable IL will ultimately be
anu IN the present state Of foreign exchange
WIN perfect safety De postponed until the
OF the city shall have had to sccom,no
u",e themselves to the new revenue CODE
we feel ourselves wsrranted therefore, in making an
appeal TO our local institutions to aid for the
present the commercial and business community by such
N'ensoh OF discounts as may be consistent with their
In the second place. would urge upon Congress
"c adoption OF the warehouse systcn that importers
may not be compelled pay their duties or procure
a, Tor the purpose, until they ready dispose
Thirdly. panic in times OF pecunsry pressure tend.
o"ry up the sources OF credit and thus aggravatc the
'sce' which breads, cannot too earnestly recon-
c"u 70 the conductors OF the public press TO abstain
lar as Praccabie from those topics and modes of excite
too much INDUCED " ~ 'e
And lastly though beyond all comparison fire, In import
-we would recommend 10 all classes Of our fellow
cze"s TO dismiss from their minds inflated and deluv.
lucas OF wealth. which mover had any other Than
foundation, aud 10 introduce their business arrange
nehs system OF economy and rereucbu,en, aud dnin
ished credits adopted their real instc of ,h.ir
nary MEANS aud the diminished indulgence Of the ns ~
code Let them look to industry. sobrety and
", Iafto k...L
oy s"e ann permanent Of riches and
committee, IN these suggestions, do not w, to he
unuerstoou as having ceased their lAbors. Thew knew
and FULLY sympa,hsc, in the deep anxiety of the nuSlic
hha. They perceive, and feel disposition to disguise
, " u'st severe pecuniary pressure, the origin Of
WHEN 'ney have endeavored 10 trace and expose exists;
anu IL viii be the object of their further efforts and debe
raons 70 devise soWe plan possible in addition TO tho
measures already recommende to aay excitement re-
store confidence, aud mitigate if not remove the evils
complained Of PRESERVED FISH, CHairman
JAMES j. ROOSEVELT, Jr., ISecretory
The Committee, being minute accuracy IN
ing for os up he.. bs"k WOW N obtain
sssn able hsy haso no. deemed
70 dsay ho report longer, can bo sun
P" !" 'hc 'utufo communication Standard r
Those who contend tn II the pecuniary endorsements
" INC country are attributable in part to the deraneed
s'e oil the currency, deny ALSO that they arise In
""egree from The return TO cash payments and
credits Tor the duties. 1t these two causes onera,ing
concurrently that has visited the country win
peu distress II was TO have been foresee N tina, the
hached-mp arrangement which took place Al The
nour with regard TO the Tariff would leave many bociss
~ m 'he work. which would require extensive repair
ne Nuiihers and the Protcciioiss laid their he ads
together, aud from their conjunct councils has ia
sneu monster in the shape OF scheme of duties more
deormed than ever emanated from the councils of anv
country IN the penitude OF its wisdom. Was 4, ever
heard OF before, that commercial people sLomi ba
subjected 10 the payment OF duties in cash without
inc accompanying benefit OF the warehousing system
vas II aver conceived possible that the Legislators ot
Hepuphc like ours should meet deliberate Tor months and
hen suddenly turn round after lending the duties as
p"a 10 the merchant for his compel him TO
pay the duties IN aduance7 Could such dangeroms
Tenies have made part OF the legislation OF land claim
ing praccai wisdom in its commercial emens m
ess under the Influence OF panic bias
II not obvious habut for the unnatural state into which
me country was thrown by Notification we should moi
nave naa tnat most Juiicous arrangement of the Tariff
shortened credits as equivalent for the surrender bev
made oil part OF their advantages! Had not Nu,l6ca
oh forced on the country, therefore, this up sv,
em Tor the sake OF peace should have been now
suffering large part of the pecunary evils by which we
are afflicted Charleston Patriot W