Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-08-03

likely 10 pay thirty five per cenium and fifty mile
section finished the Georgia Road is paying IA per
cent. The Charleston and Hamburg Road, for The last
half year. has received and spent 8 900 per! diem
Sl75,OO0 making annual receipt Of $3.50 600,
Road that with double track should not have cost
than 81 $50, 900
But, is Virginia to do nothing in her banking depart
meni; Cannot she unite with North Carolina this
subject Is she 10 remain in Stau quo? South Carolina
has added $4,000 600 to the Charleston bank and in Oc
tuber the S60000 Railroad Bank is TO be subscribed
for and this 5000 900 may be increased 10 900 900
Thus with the Charleston Bank ga 600 000 will give
the power to issue $4,000 600. Under such Nam.
moth System it it needless to look 10 the lesser fry, with
capital Of perhaps S5,000000, the power 10 issue
SIS 900 900 or SG300O000 in all. Here, then, there
will be no want Of capital for foreign trade, such u.s.
in the Caronas, and capital held almost exclusively in
North Carolina And if this dnes not Brighten all Euro
pean Capitalists, whether in France, Germany Bri
tain nothing will appal them. Fortunately, them
they depend The drecnrsare to find the specie for the
first II 2 per cent --(fid odverlisement)
With such mammoth aud monslrous schemes, | trust
neither Virginia, n. Carolina, Kentucky will have
any Thing to do; and, it is time, alarm should be
sounded The occasion calls and calls loudly for it, My
remedy would be- the release Of the money and the
camille market from all its sackes-the adoption Of the
joint stock system and the distribution and diffusion Of its
sock extensively as is practicable. 1t itself;
and bank Of that kind started by Virginia. and sub
scrbed for in the Carolnas or the serum p,cus of S.
Carolina are excluded from all Charleston schemes and
Georgia. we'll Kentucky and Tennessee, would
have influence, that the Railroad Bank, in the hands
II s and indeed IN any other hands whatever, cannot
possibly possess.
There is another schemehat Of the cash on delivery
Warehousng system. have already alluded to it.
would observe, that properly carried effect,
must be isolated and out Of the possible danger Of fire:
therefore, alluded to City Point which believed
might be isolated If any thing could stimulate the
trade Of the South this system would and on The shores
of The Chesapeake will be found the ste--nol repeat,
in the crowded city, where fires daily take place, and
insurance offices fail and cheat the insured abou, of
ten In N York and Charleston. for instance-in the
latter especially, where, TO their monopoes,
they taxed the London PhGnix Fire office to the
Of $4,000 per annum. They expelled that and many
others from abrondand what did they do al homr' In
sured at price high, TO make their stock very pro-
f,able TO the few who held itthese the fire ruined be
the office could nat pay the risks nlo which they
entered their little all swallowed and at this in
stan you cannot insure lives property at any thing
like an adequate premium. The lesson taughtin Charles
lon should not be lost in Virginia sound system of
general insurance is imperavely necessary TO exen
siye and liberal Without it, there will he no
confidence for man merchandise. G.