Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-12-04
The itoDru GrrEft.

ank requires the presence OF The bulk oil lis funds IN
the South and in Europe. The a!airs oil THIS institution
are at this moment al crisis. 1t is supposed by many
that the present struggle going On IN Liverpool, be-
tween 5nyCrs Of cotton ard present holders, will be de-
cisive Of lis standing institution. Tie movements
Of the bank Itself indicate the event Us important one
The market, both in this city and Philadelphia, has been
tor time depressed state. In the latter CITY
particularly, money has been obtained with difficulty,
for business puposes.-l2 per cent has been The
current rate notice has been issued by the u. Bank
to the effect that - cent stock notes must De pad
end the like sum every sixty days until the whole Is set
tied This measure at this tn indicates the urgency
10. the reQuiston funds the part U the bank and ~"
also have the effect of pressing the markets still further
The FOX money III Pha has already been increased
TO per cent Per month. LatlerlT The U. 3 Bank has
pursued the course adopted by Tie New York city banks
in August last hc 10 rejec, stocks as security lor
loas This has been Of the depression in The
stocks in this city, quantities o fancy stocks have been
from Philadelphia and forced o!tin market
The bank has adopted the above course for several ea'
scns-hc most prominent Of which is Tie policy Of the
la rks forming under The law III tins State he
op Of these institutions tend as has been explain
ed previous article, 10 throw large Guanes OF stocks
into the market; and The fear Of ultimate loss from these,
connected Will, spi:it of consistency has induced The
ins tuon to ject all stocks securities Tor loans
Tn. marke, in Philadelphia must, therefore, for The com
Ing two or trec months, continue to DC IN depressed
The above movement OF The Bank VIII operate
mo c directly That market than own. We Ten.
tio led time since, that there were elements IN
mo ::on which point to the staple productions OF the
IN .lev market is hccafer to BE- Leer,a;ned fact which
IT, progress Gf is rendering daily evident
Thc ~ Y Joarnll Of Commerce of Saturday says
II at "llolders Of Genesee Flour stiff at So 49, and
III axe sales at that lot Of mixed brands Ohio, sold
Yesterday al s. u There is Troy here; Howard ST
S. go e. In grain there is no change. Gotten Is
re lhpr quiet than otherwise"
The New Yorl: Commercial speaks CT The ''AuctIon
sales Of Norus Mui,iCsuls-Ihc sales al auction the
a, and present week have been remarkable for the
tnued advance in prices and for The number OF persons
attracted from dsan! towns and from other States al
trough the number Of Trees advertised al each sale hes
been comparatively small Al the last sale. which was
on the :!;h the trees all trimmed and sold al from
IL 10 20 cents per foot and the cuttings al cents per
ioHt'
Tie a. Y Exrrcss says, tina, ::Thc U. s. Marshal
has announced in hand bills posted up at the Exchange,
that will dispose Of public auction, the 2J, o:
December all The real estate of Benjamin Br!aalI, and
NJ. VI QCacken5os, two worthy cltizsS who were secu
rily for ex collector Swartwout
1.-THE caee iacry, oftbc Globe EGqure Sea- 'Illle
and Bank is beginning rmves.l attention. Ever
ncoe Bank become the Government asc" the these
organs soened the suspicion afoa that there
Spouse Lie Instead Of G
vocc, We have Lad wooas, and fer aus We know maase
the aforesaid working together hereafter all possible her
men" sTa gG"s NO oS M ce , f to
,he unbFeechcd Democrats" eh'Hond Hhg.
Strange to TELL the Wings now kicking up their
heels at Mr. Eddie and tie Bank What wonderful me.
amorphos:s is this! Their favori;e idol is to he
Lllckballed because they aundccd by Jealousy aud
they pleased TO conure up The idea OF scne cihIa'
ton between MesSrs. Biddle and Van Buren, They are
mistaken in their lectures lfthce have been over
lures from high quarter, we not prvy, nor party TO
themFor prepared to say, that our opinions
rot changed one ola-He regard The Incorporation
Of The Bank hy tie State of Pennsylvania one OF the
disastrous creGts that has happened to Our country
We regard it born in iniquity, and the creature o
accidental conjuncture in public affairs, OF most un
fortunate division of the Republican party, which The
Wigs eagerly seized upon, to insen tins monslrons IN
.sulon upon their posleGity We regard it as an ins
tuition rich for Republic, and dangerous to the H.
berries of The people! We regard its dealings in cotton
monstrous contrary its charter for which ongt
10 be called gdy 10 account and al war win te SOUND
PRINCIPLES of political economy. We regard It's course
both al the periods OF Suspension and resumption as dis
graceful it, We regard The free banking system OF
~ York most unfortunate in giving it any foothod
in that State, and enargng lis powers over the market
and politics Of the country We opposed 10 its
setting foot in Virginia. and for prohibiting its es
tablishnent Of an office and agency in this State 30
far for feelings, principle and views. We have
no doubt that they correspond with those Of the Repub
lican paTy-and we have no doubt with the views OF
abe Administration.
But take it, that the true Of this jealousy on
the par, of The Wings arises from obvious
than the one which the r. Wing is pleased to assign. Ii
is not, because the Bank has bought {" lis bonds
from mo Treasury and is permitted 10 dsbrrse the pro
ceeds according 10 certain sIipua!ons But it is tie
Of sir Clay at the last session which has
produced feeling on the part of hlr. Bdde II IS
Mr. Cay's mammoth scheme Of fifty millions Bank; his
refusing to specify place for its locsOn and his
giving Mr.. BGdle the go.by, which is at the bottom Of
all Ibis business Mr. BiGdle is the first Banker now in
Rome. He has no desire 10 play second fiddle 10 Mr.
Clays Institution lie has also tremendous powers un'
del his present charter and this i'll dges'ed free Bank
system Of ~ York has coarbu.edt TO enlarge the scope
ct his operations He is willing 10 LET things, therefore,
remain they But let The inventive genius at Mir
Clay full Of resources as it is only hihto Mr.. Bacie.
that 'we must have Il National Bark that we canno,
establish without his ai6 that he Is willing 10 aGd
ID millions TO Mr.. HGGies Bauk changing lis prGVI
si"n* !!;i!e come some hat wilma The scope
Of his plan: that lie will throw the whale revenue Of
The U. S iato his hands rs dnuccur for little
on bis part; st thus he will make him the
great national Money King him bull say this, and
en we shall see bow far Messrs Clay and BdG!e will
ncve together lie high contracting parties will
;aoreIale for The bsnef: of each caer-and how idle is
Ill ;s aratu!touS iEpua;ion the part Of the Wing
We :iai! see too how idle all lie nonsense which we