Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-12-10

S'SssIs We 3 HB.---ISo. GO.
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drd, whether government, which has abjured Tie ss
tenn OF hereditary honous hereditary Legislators entail.
mrnts o. estates End exclusive partial privileges. can,
without gross aud papable inconsistency. violate all
these principles by creating perpctu!tes through the
means OF charters rrcvocab,c in their nature Tor GER
eln period forever and conveying from one genera
ton to another certain ri gifts and privileges denied to
the great ority of citizens II it can, thea say that
there is no security t. the rights Of the people, and that
every constitutional guarantee may be evaded, through
the simple agency Of chartered companies, and vested
rights, secured by such charters. Dut this not the
question am at present discussing.
Did the compromise bill rest any rights III the manu-
factories already in existence such have since been
established, that may not he reclaimed or modified ny
succeeding !egIs!aors With regard I" the !rs assn.
reilly not because the money was already vested, and
wou therefore: not he again vested under The faith OF
that law. AS to the othe! class il seems TO me perfectly
clear that they stood precisely the footing with
the holders 6" every other species OF property IN The
States Congress, for example, may pass law, which
directly indirectly enhances the value OF land Or some
all of its products, and under THAI aw our citizens
may invest their money 10 lands. Ort may lay certain
duties the import OF certain goods, tor Il certain
number Of years; it may abolish those duties for
limited period. Now, believe will argue, that
because merchant or great many merchants, nave
bought sold goods under or the other OF these
acts that Congress has right to repeal, renew them
whenever it may deem it ex"rdent. 1t has given no
pledge, and violates compact. Laws are subject 10
change with time aud circumstance; there is scarcely
one III thousand that does not III some sort effect the
property OF portion o citizens, who under this
uncertainty still willing 10 invest II. subject 10 such
contingencies Why the manufacturers tobc alone
exempted from the cumnGn To- OF ali holders OF proper
t.: And Why, i modification in the tariff ncw would
be an Outrage or their vested lights, not every
ducon Of the duty imports, every modcation which
went 10 impair the profits Of manufacturers, equally an
ouirage3 They all compromises, ana as no period
tor their duration was prescGsd d. hey might arsuS. wh
.iiiilv hat InryN
last forever | an Nc ANrIM0NCPOLI.
(Fronn the Gio5e cy' Jane @t,h)
THE MONEY MARkEr-rlE DISTRIBUTION
BILL.
In relation to this subject take the following from
the New ork Star Of Monday last:
"IuE MoNEY MAEKEr.-Ihe late good news from
Wasnrof relative TO e surplus revenue: has already
restored confidence, and eascd the money market
THINGS are about to Improved aud comfortable
aspect IS tie dpOSi.e L0h:S UMt IN Gier 0pGrati0nS IN
n,der 10 Dycreat husV and ineTpedicIst curtamsns"
G. We find similar expressions III other papers, some
Of which claim to be exclusively Of commercial cha
rlcter.
those ~ no are ms!ed by giving ccdcmce 10 such state
merits as the above. The late act Of Congress, which
is hailed " GoOG nsrS Jr"in HaSh("gon and the pas
sare of which! il i SAID is to he celebrated by the Uhtg
merchants Of New York. public way, Is impsiatcc.
Il leaves no discretion to the head OF the Treasury De-
parlmcnt In the execution Of that act, twelve millions
of the public money vii! have 10 b. transferred from The
present other depositorcs and Of the twelve millions
ow in the dppus,e banks in tie city oil New York, So
vcn millions and hall must be transferred to other ill.,
stinons they can be- selected HE act Itse!
will prevent The deposc banks from uniting their oPc-
raons IN ordcr 10 prtcfM h0Hg dad tndpeiten cu'tdu
ueuts" We fear that il! the first step accessory To exc
cu,e the law; Sic New York merchants Will lind any
thing else bat that which succeeds good news and IN
the second scp next j4ruary, wien all but hve nl!-
hons of dollars must be taken from the Treasury, and
the CITY Of New York is left with but its proportion Of
that sum VIZ apprelend that the consequences VIII DO
suc. as to lead 10 any thing else than p~b'c r'oiengs
II Inconvenience should accom- Jany the execution OF The
l,v, il ,, be- the fault Of the authors Of the law. not of
| NE dcnosic hanls. or the Treasury Department..
TIE. above appeared in tie Globe OF the 3Jth June
last. We cpu,iish it Tor thr propose OF showing how
far or predictions Of tina! day have been realized
The dist ribusion bill claimed npon lis passage as
| Whir measure. The friends Of M"ssrs. Webster and
Calhoun each claimed for their respective idols the hon
or of originating it, Ever si'c lis passage, We have
yielded to the Wings this credit: and what has been it's
Operations: las it "rest0Jed c0HGdencC emit cnsed The
tn,y ,narhc!"" Far from Il. h0nry has daily become
scarce in the large cities: confidence is diminishing
Among the COMMERCIAL community ard money cannot
he obtained by that class in the market FOX less than two
mr. ,rpe ppr cent per month. Many induced 10 sub
nit 10 make this sacrifice, under the dclusIve
hon. that favorable change must soon take pace, and
! relief accompanyt
Ianpv should We be- if we could give encouragement
that such hopes will be realized SO fer from that il ~
our belief (and feel 5Ou:.i 10 express ourselves
GiGyD that the pressure in the cities is only in pro-
! IN 4
cunr the law has as yet only been taken; that at trans
fprrinr roi ton from places where I"!e excess
TO those places where there deficiency. Even tiis
operation hes erangcd the business 0: The wh"o coun
| Try.
I.d to such results it is difficult to predict the
aslruphcs which will attend the final complexion of IT,
The State Banks now lending ill., call it in, to meet
the appropra,ions made by the legislatures 1t is well
known 10 those skilled in finance, that contraction By
hc lank Of &ngland.uf merely single million sterling
of It's loans cit throughout tue whole OF that centre
of the commercial world. We, without regarding tie
effects following such riiing change, comparatively,
in the monetary system of Great Britain have
ccd the experiment OF dlverng from lis natural chan.
ne! seven times million sterling !-Gio'cc Of the oh
,r, ,rr Co1,rss,nyrn OF rnr LAND Orrcr-A
letter from this City. in the last Richmond Enquirer,
s,c,ks If the resignation OF the late COMMISSIONER, MIR.
U,rn rs ga removal from oi!cc: and says that the
President sLLought IL his dug 10 Ttrcmme"d G0rcr"or
Rro,,y n, rrsign for lis nunrSg far tie GJrs
,aaa;Gst 10 Gc urcrioOked The Correspondent OF The
Enouirer has been entirely mSnofineh on tbs sublrcs.
Thn President never thought Of removing MIR. Brow
from Office Or Of recommending resignation to him;
NOR did he know that the Commissioner contemplated
resrnaon until it proposed by himself, as render
cd absolutely necessary BIZ the rapid decline OF BIO.
10 Ills family, which required his immediate return 20
the West The President regretted exceeding y, tic me-
ccssity Of lis resi- :naton--G f0'e.
EL.crlos News 1t is now, we thnk, satisfactorily
,sccrainct from private letters, and e;s RECEIVED by
the express mail, and the vcsern newspaper returns
tha, illinois, Missouri Michigan, Alabama, and Lou'si,
ana have cast their votes Tor Martin Van nufen ana
Richard NJ johnson. Some doubt hovers ever alissi-
sinni or Arkansas we have doubt though the news
rn tie whole State is in. If Mississippi votes as
we hope it WILL Mir. Van Buren, liss majority OF At
eclo,a ;n.es over lis caTue Of competitors, riarfsoh
White Webster and the unknonH South Carolina car
tds,e. We viii give the official returns Of every State
as soon as possible.
New JxrsEY-The Governor and Pnry Council
conntrd the votes given the late election on hs 7th
;"s, ~, Tren,on The Yoe Of The highest Candidate we
give below.-D.. >, a5o2-