Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-27
FOREIGN.

the packet ship George Washington, Capt. Hu'ifC ~
The George Washington left that port on the 3Grh VI,
and brings Liverpool dates oil mat dhy aNd the London
Surdny papers of the 18th.
The commercial news is interesting i. appears TIA,
cotton has fallen trhe in Liverpool
The spece continues 10 arrive in great abundance
About II 600 900 least by this packet follows
Is boxes specie, Prime, Ward Il King; = do Grnren
Mnturn IL Co do. Heckscher, Coser & Mnded
do Cammann & Whehouse; ] do. BaInwuli Il Co
do order-in all fl9i 900 sterling.
Mr. King is also passenger. The reaction in En,
land towards the United States is greater than eve.
known /, is believed that the trade, government. and
institutions of England depend on the commerce with
the United States. Our extracts on these points are
highly interesting.
Tux AxGLo.AMERIcAs Houses -Notwithsi,nfr,
the STARVATION of almost every kind of business winch
has existed in the United States the debts Of ,us
pended American firms in London have been working
off WE'LL and we believe may say that Of these
Establishments whose affairs contemporary regard.
ed as hopeless and fonrn, has reduced lis liabilities n
about ESQ, nothing, in fact, as COMPARED with s
position the period the firm was compelled to yiedo
The pressure Of the times The Americans have stained
every nerve to pay of their debts They have retra et
from entering into engagements, and sacrificed eve
~ thing to the one grand point that OF maintaining lh.
credit In discussing these matters 1t should never he
FORGOTTEN how completely the two countries now
identified in Interest," and il is much for the benefit ot
ENGLISH trade That assistance should be rendered the
merchants OF New York. to the merchants Of London
Liverpool, Leeds II is saying in Lancashire, that
The BAsK EsGLAsD Asp TIE EAPoRTATioS OF
GoLp The Directors of the Bank Of England il up.
pcars have determined to export gold 10 the United
States: whether operation for profit, Of 30.
lcy we will not stop to inquire, bot rather take cur.
sory view Of some of the effects of the measure. As
one of policy, it is, perhaps, amongst the ever
adopted by the Directors OF that Bank That it is one
of mercantile character Is very evident We should
not COMPLAIN of the Directors for being dealers in coin;
the pursuit is legitimate. Hitherto it has always
been praclised extensively as circumstances reFaet
when the transactions resulted IN loss so as 10 touch
upon their rest One OF the consequences OF this
srre on The part of the Bank is very obvious Their
Wholesale dealing must afford advantages with which
the merchant will not be able to compete Their god
NAV AZ vel. be in q course of TRANSMISSION 10 the States
8, far IA it will be affected BY any accumulation Of in.
,erest as for II 10 remain locked up in their vaults The
trihinp xpense Of freight and insurance will attach
their operations; whereas the merchant exporting be-
comes subject interest from the day OF his purchase
The Bank Of Eng land has commenced exporting and
will no doubt continue. II is said, half million Of
gold has been shipped by the bank to the States within
In. last three weeks We induced to believe thl.
ten times this amount will be sent II thought desirable,
and even more can he espached under the immedae
direction Of the bank. putting down, so eteciua!y asst
ca the transactions of merchants The latter, by lea
ing rpettuns and for large quantities OF gold for ship
ment. would, unquestIonao!y nave excited sucn orPe
tensions The part Of the bank, as to have Involved Tie
commercial world at least, IN partial panic; but Of
this there is danger. Merchants we think VII
not venture to act with gold under the dsat
billy Of The Of the exchange being turned IN the
States through the interference OF the bank, and thus
subject them TO increased loss
Our opinion Of the unsoundness OF the Bank OF Ing
land as great Banking Institution remains unchanged
That bank will never DO more sound, as great none;
lary machine, until the adoption of system in accord
ance with The views entertained in the pamphlet o! MI
John Hall or that Of Mr. Jones Lloyd. The charter Of
the bank expires Think in lS4I SO that We have to
progress he feared to that time, with oil the un
certainty 10 which the action Of the bank shall make
every man property abe-up, rs 1t WERE TO day AID
down we have seen OF late, running some
and elavaug others The contemplation OF such pnwt;,
vested in twenty four heads in the bank paror, Is 1ht
full seeing, have the revolutions IN property "Hrl
have been effected hitherto by the maadminlslrsho
such body Of people revolutions more exienstm
their effects IN property than hundred reforms OF fa.
lament. The House of Commons has not thousundm
part of the power the property OF 10 INA
which rests in the administration OF Wehly''our DNec
ors of the Bank Of England!
OF he Bank Of England liable are, IN isct, the
best guarantee for the public that the decisions of
the directors will be of protective nature for the
mercia and manufacturing interests oil the kingdom,
| at considerable sacrifice, any necessary IN
! order 10 keep good terms with the community; tie
Of property may, therefore, indulge hofe, that
! lis value will be in the ratio the bank cnncia,es the
public in order to achieve the renewal of their charter
EXPECTATION OF Guild TO TIE UNITED SrArEs-
! We truly glad to find that the Bank OF England
has, at length determined TO made shipment Of gold
| the U. s. This will not only be the of giving
life and animation in the U. s., but will lead 10 extern
orders for various manufactures. 1t is evidently
the harbnger OF cheerful times The Bank 'ntCGd
send FL 900 900; Messs RoIhschilds E25O C0O and
various other firms different amounts, making the re-
gregnte about t2 QUO coo sterling, understand Iae
whole we believe, Is consigned to Messrs Prime, "ad
and King buta portion of it, report says, il accom-:
OF the Government, 10 meet bills from Canada. The
effect produced by this operation in the L. 5 willie
| quite astonishing The resumption of cash payments
has been the great desdeatum for long time, Du Tue
nT incpr 10 yito
has della yed it, About 20O 0G0 soveregns shipped
on board the packet ships Columbus and Sheridan which
sailed for New York on Sunday week. About 10000
ule also, it is said, shipped board the packet snip
George Washington which is expected to SAL to-day
frr the port. MIR. King, who has been in London
arranging the matter with the Directors of The Bank Of
England, goes as passenger on board The Geo Wash
ington.-.3tbiOn.
LoxDo MoSEr MAnKEr, March 25-Amongst cg'
leading monetary and commercial circles, the great I"
pic Of interest has been the half yearly meeting OF tie
propetors of Bank Stock Thursday for the pupc@
OF asserting TO the amount Of the dividend for this hat
year. The result has turned TO be of 4yo:s
BILE character than many anticipated.
1t appears that the Governor enabled 10 propose
half yearly dividend of per cent. upon their capiaI
Of ETA 500 0G0 by taking Ei0 600 from their rest
plus capital, which is equal 10 deficiency of ao9g
Ia per cent on their actual capital, slight deiecto'
considering The risks the corporation have rum and S
late dImnution in their business This som OF t4+t'
IS IN addition 10 t2O0UO taken from their rest TO mN
up the last half years dividend The rest, after PROVE
ing tor the present dividend, stands at e 80
appears that the bank will lose nothing by the America
suspended firms, therefore the Proprietors ought toe
thankful that adventurous circumstances have ena5t4
the managers Of their affairs 10 conquer easily DIR
| cu!,es of which they alone we're the origin.
! ARRIVAL OF THE STEAM PACKETS PROM ENGLAND
| NEw YoRK, April 24.-The steam packet Sirius G" !
der the command Of Lieut. Richard Roberts, R. y, a.
rived yesterday morning from Cork, which port she ie"
the 4h Of April-two days after the time fixed 10
her departure; aud at haif-past o'clock T. NJ !"
noble four masied steam packet Greet Western Leu.
iiosHen, H. ~, came CALAMITY vp the East river, has"
he u, in 4