Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-05
Accounts have since reached u.s. in slip from Phi!a

ireCelveQ y
laCs OF the Bank Meeting. They follow
"MEETING OF BANK DELEGATES
"Ata meeting Of the delegates of the associated banks
CT the city and county of Philadelphia, held at the Ex
chsDge, Friday evening", 3une lst 1885, The follow
ng preamble and resolutions adopted, and com
mitiee appointed in pursuance thereof:
Whereas the recent action OK Congress in resembling
the Specie Circular and aboshng, for the present and
future all distinctions in the mode Of payment IN the
dderen, branches Of the pubEc revenue has removed
The chief obstacle 10 restoration Of the currency; and
whereas the banks of tue city and county Of Philade
pha DESTROYS Of proving to the community, BY i'm
mediate action, their sincere wish 10 cooperate with the
Government in replacing the monetary system of tue
country in sound and heakhy condition, therefore
''Resotred, That committee Of FIVE members of the
delegates the associated banks Of the city and county
Of Philadelphia be appointed TO consider and report TO
this board Wednesday next suitable measures 10 be
adopted TO accomplish al early and general resumption
ofspece payments.
"Resoired That the said committee be authorized to
correspond with the Banks OF the neighboring States
upon the subject referred to it, in The interim. The Pre-
s.1en appointed the following committee:
THOMAS DUNLAP,
WIN D. LEWIS,
CHkS S. BOXER,
RI. + HOLLiNSHEAD,
ELIHU CHANCEY."
A subsequent letter fron, Philadelphia mentions tina,
thc LIST Of IUiy the period indicated for resumption.
Why should our Banks take immediate step. and
propose ccatfraace with the Eaylks Of Baltimore, Of
The District Philadelphia &c, 10 be held at Washing
Con IN the Of few days, 80 make arrangements
for speeding aGd concentrating this resumption?
We feel ourselves Authorised to state, that our Banks
prepared and will resume specie payments the very
moment they asceria5a that the Banks Of Baltimore
have commenced or viii cammeace with them the same
day We all know, nat that City rs the great receptacle
Of paper and it not perfectly safe for banks
60 resume until the Baltimore Banks viii! agree to
ceive checks Philadelphia =. York and Boston,
instead Of specie, in the redemption Of notes. But
we take il for granted Of course that the banks of Bal
l>k.
begins to pay specie. Such an arrangement, however,
easily be made, at the proposed conference at WASH
ington IL is surely the interest of all these Institutions
10 be forbearng towards each other-and no one
doubt that such will be their policy. ~ York already
holds out every inducemeDt to consuMmate the work
Too muca praise cannot be given to the Presidents OF
the resumng banksn that city, for the efforts which they
have made oestore the golden age. How admirably does
the conduct OF Albert Gaiatn with that of Mr.
Nicholas Bdde, through the whole Of this transaction,
There is much truth in which Mr. John Barney says in
his letter of washington, May 81, {u the National
lntelligencer)
"To few clear sighted firm and intelligent fnan.
cers in Wall street is The nation indebted for this great
result and TO individual, in the degree, to
that accomplished nancer, patriot, and statesman AL
bert Gallatin whom benz gnant Providence has pre-
served 10 patriarcha age, in the full vgor Of his lu
mnous mind 4 beacon Eight, to guide, instruct, and
bless his country, by counses pure disnseresed, and
patriotic; totally exempt from the diseases OF servi
", combining the experience Of the past century with
the monday light and intelligence Of the present, he
cheered and sustained the wavefing and tmid, bid
them be resolved, aud the work is done. Such was
the fact in 1917, said he; will it te now. Lord
byron remarks, where there is will, there Is always
away Rchetieu, being asked by his great master, 1t It
were practicable TO accomplish difficult work with.
IN limited PERIOD replied, Sire, If it be possible it
,soohe already; If impossible if Il shall be DONE. And
70 my friends in Baltimore say resume; it is but to
DC resolved and it is 1t will be the bursting OF
spfng uf'n The Gesoation Of winter feast of fruits
u no"efs ailes carnival Of the damned pillar OF
e " nen', 'Aat will rise till it meet the in its
oo"g' se earliest Ugh, Of the morning gild it, and
pa,'"g udy l"ger and play on its summit Sustained
py the government the Southern and Western Banks
are determined 10 Immediately IN tho reoeai of
the Specie Circular The States are indebted r. Won
and the liberal offer Of credits in York to aoy resured
amount will bring them on their feet \ nIonose
10 alay all sppreensons from the only source
ing the ability 10 embarrass you"
. Areadya new spring is given 70 The Banks and to |
Nnmmerce -The ~ York Express of FRIDAY last saws,
he triumphant repeal of the Specie Circular by ma.
oes IN both Houses Congress strong enough TO DEFY
me Presidential Ve,o with the letter of Mr. Biddie 10
> " Adams announcing curly resumption of
rece payments the part of the Pennsylvania IT,
and the forthcoming establishment in this City of
tnianch Bank of that Institution, under our general
ohng law, all together have had magical effect upon
money market TO day. The advance on Cotton in
Is also not wilhoutits effect having decided
,hu 10 strengthen that article in our market and
tho quo so much to the available export resources of
s, The common index of public feeling, have all
alan pe'us otthe good news There is in the street
is fen ,h", very lively satisfaction Confidence
wat 10" business will be restored, and that our