Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-01-13
Richmond, Tuesday, Jan. M.
.NEH YORK;


The Legislature assembled at Albany ON last nesd
evening. Charles Humphrey chosen Speaker ana
t,,;xas Jun, Jerk of the House Of eprscn
dncton-We have room only for a few of the n,pny
items which il embraces: - w 'y
Federal ReiationS-" At no former period have tbo
United States occupied elevated position b,n .
present IN relation TO foreign powers Pho elaine e.
uepeuat,ons formerly committed the property of our
merchants have been sustained by ably conducted nero
caohs ana admitted IN almost all instances by solemn
treaes our commerce is extended to nearly every rc
gon oil the globe and flag respected bv all n,tons
I'm adverting 10 the internal affairs ofor corntr,, ~
nd lew causes for discomfort and many for conrrau
nt !h me General government is administered with
wisdom, and with special regard 10 the princinIes ON
which 1T was founded national debt Is now c~t,
gushed our public revenues exceed wants the ur
den OF taxation has been within n few wears rreo,Iv Al
mnished considerable progress has been lately nab ia
demonstrating the barriers which were erected IN resist
the encroachments of Federal power but which were
partially ovorthrown by the errors of past lcyisaon
and there is good to hope tina, the General
Government in relation TO its practical operations viii
soon become in all respects what il was DESIGNED TO bc
by its wise and patriotic founders"
Bank Of he United stotes during Tic late panic-s.u
was represented that IFS powers of ANNOYANCE wore mn
exhausted and almost nexhaustblc; that the conn,rv
was only IN the beginning of its troubles and that dis
mai period was fast approaching when our channels az
internal trade would be solitud,se surplus produce
tons OF our soil would find markct-labor be without
yment-commercc destroy bankruptcy become
the inevitable lot of most engaged in active usi
ness when iii short all classes of our citizens would be
involved IN common ruin In furthcrance Of this de-
sign TO BRING the government to the feet of this areat
moneyed power the banks of this State made the
special objects of attack. Their condition was misrc
presented their ability dcridcd; and their solvenev
questioned. y
BY these exaggerated representations of tl,c oc,nol
dincuiues IN which we were involved by these bold
and confident predictions of still greater emn
about to follow; and by the assaults made upon the ere
ut ana solvency OF our local banks general panic was
created individual credit was impaired pubic cont
dence shaken, and the which the country nos
sessed, and which sufficient if brouUht into Ss q,
relieve it, withheld.
No relief was TO be expected from n change of poll
cy on the part of the Bank. without submission to il,
requirements-a submission, which would neccssarv
conccde 10 it the power only to overrue the puIc
wili but to impose its commands the government by
ITS ability and disposition to opprcss and horros ,o 80
pie IN their business pursuits.
ne advocates OF the institution exercised conrolI-
ing influence over one branch of the National Legsa-
lure ana 1t was therefore equally vain hope for relief
rom congress- without the same degrading submission
Onder these circumstances, the people of this Stae
could look to no quarter but their State Government for
suc reei as thc character would permit them 10 ac-
cep-a relief without the surrender of their principles
ye'o foTh CanaiS--The operations of the canals for
the last year present most gratifying results The bust
previous season Notwithstanding the rate of tolls was
reduced IN January last, twenty per cent on MGR
cahdze ten per cent ON wheat, flour, beef pork but
er ana chcese, and considerably many other articles
the income of the Erie and Champaign canals from tbi
source alone during the last fiscal year which ended ON
| ue lnlrteth september, million three hnndred
ana thrteen thousand hundred and y-fyc dollars
and eightyour cents The tolls of the last fiscal wear
are only eleven thousand two hundred and civ
lars and seventy cents less than those OF the nrc
VouS year the business the Erie and Champlan ca
reduction of the tolls" ~
currency anu Banks -" Public opinion has every
where accorded full measure of appreciation 10 liz
general views of the national Executives on the subject az
metallic currency; and the people of this State now
can III no cquiyocal voice upon their Legislature to mid
IN accomplishing this object by withdrawing from circu
ation portion of the notes OF banks with view 10
facilitate the introduction and circulation of gold and
SILVER com For this purpose it is recommended that pro-
VISION should be made for prohibiting the issue and cir.
cuaon OF all bank notes under the denomination of five
dollars The benefits of such measure would be mani
od II would give the public better currency composed
IN part OF the precious metals it would relieve partially
at least The aboring classes from the losses and neon
Vehence TO which they are exposed from uncurrent and
spurious DIS 1T would, IN some prevent the
Iuohs consequences not only TO individuals but to the
Publc, resulting from the sudden expansions and con-
aeuohs TO which paper currency is constantly liable;
actions of the country"
" 1T must be conceded, think that banks have been
heretofore too freely granted and that we have cno,gh
oil ihcm Tor all the legitimate for which they arc
now wanted; you Will therefore, in my opinion, best
bcr.' " ~ NUM-