Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-01
Richmond, Va, Friday, June Z,
SDrcie Circulur r<scinirdL

We congratulate readers on the passage Of the
concurrent resolution II passed the Senate Tuesday,
by a vote of 81 TO 9-and the H. Of R. the next day,
having its three readings in the course OF one hour
by the fixed vote Of l5l to 90. The resolution, upon
the face Of it, only does away the discrimination between
the monies 10 be received for public lands and customs;
but in point Of fact it will supersede the call for specie
in the payment of the public ands-as it is sufficiently
obvious, at present. that the Secretary Of the Treasury
will not resort TO general requlslton Tor specie The
resolution voted for accordingly on that principle
There be little doubt tina, this measure will smooth
the way to The resumption of specie payments by the
Western, North Western, and South. western Banks
The Detroit Banks complain that their resumption is
embarrassed by the Specie Circular, which drains the
Banks there 70 buy lands. This complaint will now be
removed-And new impulse viii be communicated to
the recupcative energies oil all The solvent Western
Banks.
What will the U. S. Bank say now' If it does moi,
seize upon this opportunity 10 operate with the North
ern and Southern Banks, in the return TO specie pay
ments all The preences which it has hitherto employed
will be considered tricks upon the nation Its
TONS that il only suspended in compliment to other ns
tu,ons, that it able 10 resume some months since but
was only waiting for other Banks to resumc-more
pecisy it has since increased its specie funds from
TO millions will be treated miserable aud decep
tive humbugs lie credit,will edeeply injured both at
home and abroad-t will be said that it does not resume
because ii is unable TO do it, or because it is acuated by
some sinister political design in postponing the honest
execution of lis sacred engagements. This bank will
thus subject itself TO the alternative Of being considered
either Us bankrupt, or dishonest.
We shall see! The N. Y Express Of Monday says,
that 'the stocks have declined-Exchange Phladel
phia has declined again 10 l2 per cent The general
impression Isl that the banks of that city will not for
some time to come resume specie payments The pros.
pect of immediate establishment Of bank under our
new law, by the Pennsylvania U. States Bank, is much
fainter than it was.
The Harrisburg Reporter denounces the conduct of
this Institution, in just and the indignant
1t "warns the Philadelphia banks TO beware, and fol
low closely the orders Of the great regulator 1t is
an insult offered by the banks TO the people-and
which they will not amely brook-whcn those inslitu.
tons openly avow, that the fully competent to
,lme and express the same time determination not
to do 50. The ummery about the hostile disposition of
the Government STALE and will not purpose
1t has been proven be false by the published
Of the Treasury Department. and by the conduct of the
Government towards the resumng banks Of n. York
1t is now papabe that the banks of Philadelphia in
a condition The discharge of their solemn
gagements. They publicly declare this TO be the fact
Let them therefore, instantly discard the political views
Of their leader and return to specie payments Justice
and morality call fox IT, The people Of Pennsylvania de-.
znand IT.
And here too is the Specie Circular rescinded-and
the way smoo,hcd Of for all the Western Banks-Now,
then let Mr. Bddie forth; let him be denounced
by every honest Bank and every honorable in the
nation.