Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-05-05
n WORD "a SE.4SONI

we cannot iorbear again warning the Public. Fo
this purpose, we lay before them the following articles
from the boston Chronicle, and the n. Y Evening Post
There is every sign of prosperity in country AL
most every article bears fine price; from tobacco ano
cotton-down TO chickens and veal in markets But
III the Morrill, The abundance of money arising from the
extensive accommodations of the National Bank and
the consequent expansions of the State Banks have g
ven rise 10 wild spirit of speculation The Nato1oJ
Gazette Of PhaGdephia says:
& 10 stock and real general
s.sles, a gan bling sP, i apt 70 and
eumsanees dlyeng them from the
industry and stimulating them risks
In agitation to Sudden and ruin
Gms We are told 10y intelligent gentlemen who have
ha m@ue are now prominent and desperate dealers in the stock
,ons in life that formerly expected
(from The ~ York DAILY .qdrertisty, of tho 27h ult)
sr9Sk ilIcHEE No iiiersIhe Bulls have all their
tons which had been high fresh
ia the last ten & %s s d ANY s1s stock So
pc, cent 10 ve months We give the following show ,hOmos
The PhaadeLphia Gazete asks:
,~y .aa "s m Sp 5ds; oq0a
not whit more productive ofess hazardous than those
guSr pursuits to 'albc in the stocks" Wild scmeniod
about & H"c o %h the stock mania Men who ko nothing
who have heretoo borne the character industrious
Perfect indifference their business and ruin
e@ IN quarters Of o e S I1% %seIsus ap
their briefs. doctors their pnsnts and editors their gaphs
g Was there ever such time (says The " Y. Journal
Of C01nnorco) as the present ?"
Every thing is deGr but money alter where nor
what. is bought M eatravagan prices h
Texas not distant rage spaculaion wander
general impulse What is The cause of all his IA IS the acton oO
eonsequcnt upon the sasnaton of business r ago
petition Of the fft Every body rushing nB engagements as
freely, the United taxing The & aud allowing herr
be- the all . 20 % os What will
w. viii be the reply We hope aud ~ bccve But
Of is34 woud exercise Their ceaion little
a. CERTAINLY the rage for feeds rather check
The N. Post copies the above atice and utters the
following warning voice upon the shbect
1--WE believe that the community, intoxicated with the
avous OF the Banks, with the Cup of modern Gree
have lost sight oGPrudence, and are bndly rushing into
state of things, from which they will not be easily re-
trieVcd crisis IS approaching and is at hand,
which the panic and pressure last year will be tfian
IN comparison. There is larfcr of money or
rather larger amount Of credit loaned in this com
uunity AT the present time thy there ever was before
Notwithstanding this extraordinary initiation of the cur
reney, the banks continue TO discount every note which
bears the sembance of responsibility, and the Journal
OF Commerce observes, ever1 thing is dear but money
On the fourth of March next the charter of The II
States Bank will expire. The institution will exist for
two years thereafter but mry for the purpose of pro-
scouting and collecting if uebts. Its functions as a
Bank viii terminate tho Durth Of March. It's loans
now exceed siIty millions doidTs Before the meeting
Of the Congress we htc no doubt the amount will
again be swced to sevcng millions and every State
Bank from the large institutions of the cities down 10
the pettiest village shaving mill of complicated sys-
fApdhu us DusNess pnT pUSSH, with that of
the great national monetary scourge.
Let any discreet ma ask himself what is 10 take
place, when sudden heck is given to this inflated
currency There must time when the United
States Bank will refuse 20 discount any longer and will
require the payment of debts Does any body suppose
that will trmper Uin demand 10 the condition Of The
financial affairs Of tesOunry that IL will endcavog 10
let the community DOM gently? that it will slightly
prick tic blownup bbIe ofcred and let the air escape
by slow degrees lffny person entertans such suppo.
siton, he has read he mourniu lessons Of the past to
little purpose
The United Sites Bank has been quietly but sedu.
lousy extending tsef for the purpose Of acquiring
vgor TO give a rFo sudden and fearful shock TO fle
community wheT The to exert s power shall ar
rivc It's loans Yc been made for extraordinary terms
large portion oJthcn fall due about the same period
and when they drive at maturity payment will be ri.
gorousy demagecd to The utmost iarhng.
We iooh u,on i as n inalter certain rs that day will
dawn to-mOrf0y tat tie United States Bank will make
one more desperate struggle for renewal Of its exist
ence 1t vii mix itself again with tic politics Of tho
country; y scup President maker attempt to de-
feat ehoie ~ the people, and seek rule the nation
through IT. fears and through pccuniary distress This
distress car be but sborvcd but IL may be very seyere
and IT Us Impossible to tell what staely vessels now float
ing gollmy on the Of credit may not be stranded
BY the 1lrrcone. The business Of this mcfropols il
terribly d.pandcd Speculation has run wild among ne
Many II capitalists have sold their property aud in
vested r. proceeds in distant States while tEeir land
and iot ~ have cn into the hands Of men WHO raised
The puf base money their credit and had no object