Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-06-30

be offered as a compensation to sway the minds Of
A remarkable feature in the extensions during the
month past, is the fact, that the extensions i'm the four
citics' OF Boston, New York, Philadelphia, and Balii-
more, exceed the aggregate Of extensions ALREADY men.
toned during that time.
az BOSTON the extensions were ............ $Co4 Oa6
ncw fork 440,420
pp",aoeipnia' 4G5,9l7
nanhhhore, 2O0,334
Extension in these four cities in May, $3.50. ST. 500, 76C
ana this, too, alta time when speculation and stock gam
nnng nad been raging in some of these cities, to an un-
PFcccdented extent, and to such extent. as TO cause all
calm observers and prudent men 70 shudder for the CON
sequences which must inevitably follow.
r,f we sad ~ some time sinse; that the Bank had become
The Bank has encouraged and promoted these gambling
opera,ions. 1t has been ioaning its money, on its own
and other stocks, during the past month, us follows:
at Philadelphia, loaned OH its own stock, Sl1I $50
on other stocks, o ,20l
AT New York, loaned on its own stock, 357, 45O
on other stocks, 1929
AT Baltimore, on its own stock, $500
It's loans. upon its own stock, for the purpose of
trinc of @ Adams, that " ne price of stock in The mar
Ht as me oaTometr Of pulls confidence and that the
being obtained, viii be guided by the same indicator. and
thereby be induced to hold their stock, and not cali for
a division OF the capitnl stock after the expiration of tho
charter, and leave the managers of the Bank to carry orr
their plans unmoested by them.
IL lends upon other stocks, for the purpose of en-
couraging The spirit of gambling which now RACES. Il
uoes 70 Tor the purpose of aiding and prolonging their
operations Tor the present, that the reaction, when il
comes, may be the greater.
The Bank will prepare every thiny which hr,.,
'Shton can, to bring TO it's aid, when il makes its last grand
eitoit to obtain a renewal fits charter. Confusion. dis
t1sss, and ruin, will exist when il is again in tho cold
thc Very course which it is now pursuing. must incvitp-
ply lead to'a!l these evils. They viii be pointed to as The
consequence of the dissolution of The Rank IT. :.
cnar"r OF me Bank will again be urged, that they NAV
DC remedicd. The object which the Bank has had in
view for some time past, and which it now has. is TO pro-
duse that state OF things for these purposes.
NO occasion, even now. when the slightest pretext Of
irIs' rs omitted, by the Bank presses, to seize hold of or
nanuiact9re something for the purpose of showing tho
necessity for the continuance OF the Bank, or the evil
consequences to the public OF its being withdrawn. AS
an evidence OF this, we give the following from the New
iofK Mercantile Advertiser ofEriday last:
"The Branch CT the Bank Of the United Stn,es M
Hartford, has commenced the operation OF winding up its
affairs. Its said that the call tor its notes for the pur-
pose OF remittance is still great, and that they have al
ready sold at ] per cent. premium"
"hen drafts on almost any one of the large cities.
could ne obtained Of the State Banks at Hartford. AZ mar
ana specie could be transported by teamboats from
thence to New York in n few hours only, the tale Of the
notes OF the Branch commanding one per cent. prcmi,m
hnru,y needs contradiction. 1t is too Aimsy 10 obtain
much cTcuence. 1t shows the means which will be re-
sorted to when the desperate effort comes to be made.
J., me great and rapid expansion of the - a
ScePs IL sun IN debt TO the State Banks. r0t yitIS;:3d ",
me great increase Of ITS circulation, and notw;thstand;nS
'oAas drawn, during the list month. mon lie cnmJss
gSSS1d. to the amount OF about half n IoiIion oc M
and has diminished its specie a like sum. during the
same Hefcd Brt its Indebtedness at different places.
changes according to circumstances. Last month ,be
nank was largely indebted to the local Banks nj Boston
beyond IT'S specie means. In the statement for This
H"'n ~ ; d ueDtor 10 Inc local Banks At Charleston
Inc deot OF the Branch at that place TO the local Banks
ibere, onsthe 18th ut, was 81 ,0)3,S49 ~, and liz whole
specie fund was only $707, 46I 81! What treaty og ami
~ has the Bank Of the L. States entered into with the
CITY Banks at Charleston, that it thus places itself in
their power and thus subjects itself to their iorbearauce
and mercy
Igiul these facts laid before them, can the public not
easily account for the seeming prosperity which now
Pr|No'iS; Tor the high prices which real estate every
wEere commands the good markets, and the ready sale.
winch all kinds of foreign products find as soon ms ,bnv
arrivc' the apparent superatundance Of n1onev3 the crE
travagant prices which all kinds of stocks have reached
and are daily changing hands at?
we adnionisii the prudent portion of the community.
mat ihis state OF things aannot last-it is bat ephemera'
a reaction Is az cestaiD to take place. as the sun is tn
num- Is olurnai course: When it does come, it will
move with overwhelming force. The power og1he Rank
WIZ !" s.ipi0ycd, not 10 stay It, bat 70 extend its ruya-
geS' ana increase the victims to it. Let our warning be
not d'sFegardcd by those who would avoid destruction.