Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-05
Your friend, and obedient servant,
Accounts have since reached US, in slip from Pha-
epha {.eceived by yesterdays maiiD of the proceed
iars of The Bank Meeting. They are as follow

Accounts have Since reached u.s. IN slip from fhiia-
dsphia {.eceived by yesterday Aaii of The proceed
.ags Of the Bank Meeting. They are as follow:
"MEgTING OF BANK DELEGATES.
"Ata meeting of the delegates OF the associated banks
CT the city and county of Philadelphia, held at the E1
chsnge on Friday evening" 3une lst 1885 the follow
ing preamble and resolutions adopted, and
initiee 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 mcce Of payment in the
different branches of the pubkc revenue has removed
The chief obstacle 10 restoration Of the currency; and
whereas the banks Of the city and county Of Phiadel
pha DESTROYS Of proving to the community, By i'm
mediate action, their sincere wish TO operate 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 Of the associated banks Of the city and county
o Philadelphia be appointed TO consider and report 10
this board Wednesday next suitable measures to be
adopted 20 accomplish early and general resumption
oil specie payments.
"Resorcd 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.tent appointed tie following committee:
THOMAS DUNLAP,
WM d. LEWIS,
CHkS S. BOXER,
II. + HOLLiNSHEAB,
ELIHU CHANCEY."
A subsequent letter froo, Philadelphia mentions. that
te LIST Of July s the period Indicated for resumption!
Why should not Banks take immediate step. and
propose conference with the Banks of Baltimore, Of
the District, Philadelphia &c, 10 be held at Washing
ton in the Of lew DAYS, make nse,nents
for speeding AID concentrating this resumption;
We fee, ourselves Authorised TO state, that our Banks
are prepared an2 viii resume specie payments the very
moment they ascertain that the Banks Of Baltimore
have commenced or will commeace with them the
day We al! know that that City rs the great receptacle
Of paper and il perfectly safe for banks
60 resume unit, the Baltimore Banks will agree to
ceive checks Philadelphia =. York and Boston,
instead Of specie the redemption Of notes. But,
nj nks n
tmore will resume in very few avs after Philadelphia
begins to pay specie Such arrangement, however,
easily be made at the proposed conference WASH
lDgon is surely the interest of ell these Institutions
to be forbearing towards each oher-and
doubt, that such will be their policy. ~ York already
holds oIt every inducement TO consuHImate the work
Too much praise cannot be given to the Presidents Of
she esumng banks in that city, oT the efforts which they
have made TO restore the golden age How admirably does
the conduct Of Albert Gaiatn contrast with that Of Mr.
Nicholas Bddie, through the whole Of this transacon'
There is much truth in which Mr. John Barney says in
his letter Of "Wsshngtor, May ~ lin the National
lnelligencer)
ITO few cear.sighed, firm, and intelligent iinun.
cers in Wall seet is the nation indebted for this great
result; and 10 no individual, in the degree, to
that accomplished nancer, patriot, and statesman AL
bert Galatin, whom bengnant Providence has pre-.
served 10 patriarchal age in the full vgor Of his lu
mnous mind, beacon fight, to guide, instruct, and
bless his country, by eounses pure disnteresed, and
patriotic; totally exempt from the diseases of serr
", combining the experience of the past century with
the day light and intelligence Of the present, he
chsersd on and sustained the wnvering and tmid, bid
them be resolved, aud the work is done. Such was
the fact in 1917, said he; will it he now. Lord
byron remarks, where there is will, there is always
way Richeiieu being asked by his great master, if it
were prse'icabie to accomplish difficult work with
IN limited PERIOD replied, Sire if it be possible it
,suone already; If impossible if it shall be done. And
~ my ,lends IN Baltimore l say resume; it is but to
oe ee'iSeo, and II is DONE 1t will be the bursting OF
fp''ng upon 'ne Gesoation Of winter feast of fruits
~ n".'s ailer carnival Of the damned pillar of
nse oy night HAT will rise till it meet the in its
comhg' te earliest light Of the morning gild IT, and
parting Gay i'nger and play its summit Sustained
ny Inc ornament Gie Southern and Western Banks
h S 70 resume Immediately the repeal of
the Specie Circular The States are indebted r. Won
and The liberal offer OF credits York To nov recured
amount Will soon bring them their feet pronose
!" aay all apprehensons from The oniy source possess
ing the ability 10 embarrass you"
Already new spring is given 10 The Banks and TO
commerce The N. York Express of Friday last saws,
ne triumphant repeal of the Specie Circular BY ma.
'es IN both Houses Of Congress strong enough TO Gefy
me PRESIDENTIAL Veio with the letter of Mr. Biddie 10
- e Adams announcing now an early resumption of
Peee payments on the part of the Pennsylvania IT,
ana The forthcoming establishment in this CITY of
shianch Bank of that Institution, under our general
rhhg law, all together have had magical effect upon
~ money market to day. The advance on Cotton in !
IS also not whoutits effect having decided
,brs 10 strengthen that article in our market and
the conn,,, ~ ~ 'ne a'aiiaoie export resources OF
fe, ibs ue common index Of public feeling have all
,lso ~ m pstus OF the good news There is in The street
ia Gsl, N very lively satisfaction Confidence
' "'a' ROW business will be restored and that our