Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-05-22
Richmond, Va, Tuesday, May 2s.
MONEY .MATTERS.

Bicknel Of last Tuesday ncDnes to the opinion, that
the banks of Philadelphia will resume than ge-
neraly e1pectedt states, that the resolution OF MIR.
Lewis, Cashier of the Grard Bank TO resume by
tam day, II the action Of The Government did not pre-.
vent Il, was not defnvely acted on-bu that the Con-
vension OF the Philadelphia Banks to assemble al
an early day in June.
The New York Express of Wednesday last states that
that was the day when the banks take country
Safety Fund bills Some Of The banks however receive
them this day only others refused yesterday. No ar
rangement has been, and il it believed none will be
nude for the redemption of those notes ere-ExcEange
on Philadelphia has suddenly improved to-day, and is
only ~ per cent discount. An impression prevails
that the Banks of that city will specie payments
very shortly All allow that they abundantly able
to do so whenever they please" well ,chy do they
not please? AS TO Mr. Bddle's afrclalion about the
general 'oelfare, it is all a humLug-no,hing more9
The adjourned meeting of The Citizens of Phadel-
phia was held the l4h at independence Square, 10
receive the Report their Committee who appoint
ed 10 correspond with the Banks of the city and county
of Philadelphia, in relation to the resumption of specie
payments The public will be surprised to hear ''that
the institutions in question, with but exception the
Bank OF Germantown, refused even 10 acknowledge the
receipt Of the respectful queries addressed to them and
did not deign TO reply."-But the Committee had re-
Informally to the officers Of those institutions and
of these stated to several Of the members of The
Committee, that the principal opposition TO The mme
date and full resumption of specie payments is by three
Banks in the City-the Bank Of the United States the
Bank of North America and the Schuylkill Bank and
the ground Of the opposition of those institutions seve
rally has been stated 10 be- that the first is actuaed by
motives solely of political nature the second by sym
pathy in the views and plans OF the first, and the third
by absolute inability to sustain resumption. On the
other hand stated that at least three Banks atle
ready and anxious for immediate and full resumption,
and are only deferred from adopting desirable
by the fear Of being visited with The future vengeance Of
of the institutions TO whom they would be compe
ed to act in opposition"
Specie is still flowing in-The London Chronicle as
cribes the dulness Of trade in England 10 The scarcity of
money the u S. and repeats the "salemenl that the
Bank of England has resumed the intention of export
ing large amount Of bullion forthwith to the United
States; measure, which will very speedily rectify the
scarcity Of money in America and consequently cause
orders to come forward TO England"
We give such reports as we get-whout voucking
for their with this reservation sub
nit the following from the N. FORK Express of Friday
last: "When will Mr.. Bddle specie payments
and when will Mr.. Biddle establish bank, under our
law, in this city, questions that are constantly
asked in our business circles here. The belief general
ly is, that the banks Of Philadelphia will shortly resume
and that Mr. Bdde will very establish bank here
Our city is suffering TO degree altogether incaculable
for the want Of some agency bank that will discount
notes or drafts ont of the CITY"