Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-01-06

Witch embrace, with their tributary rive1s. al Least six
thousand miles of ,%nnvigable waters. We may take os-
casion hereafter 10 speak of Chicago and other import,
ant. towns in illinois, which will be partially benefited
by the 'public improvements of that Ssate."-b.
MISSOURI STATE Boyps-1he st. Louis Republican
of The 25ih ult. ssys-"We understand that the agent
ofthe State Bank of Missouri has effected a sale OF
Sl0O,O 600 of the six per cent state bonds al par, WIN =
privilege TO thu purchaser. who Is said to be Sohh !ucou
As,or, of New York, TO take the remainder OF the SIX per
cent. bonds in eight days, if he should think proper.
From the same paper we learn that a ",n
house in that city had recently shipped Sioo'oo'm Ip.l,
Gle TO an eastern institution, for whose acc"uh. y. ~ II
b,en purcb,apd This sum wus exclusive oil mat sol"
by the Bank.
The position in which our country stcnos IN leie'e"sF
to her agricultural interest is envl"us' anu we ="
unprecedented With a baundless ana ni"st P'o"u.ure
territory. inhabited by com parntlreiy n small pnpuid'.'"'
and uniucumbered by taxes, it is nevertheless i"rGeo 70
import lis bread slutfs, instead of bring US formerly ue
supplier Of foreign nations. A stale OF lh'hss No pe.a
liar can only be referred, hrsi, to the foN'uIe o. u ..op'e
and secondly, to the circumstance, that the producers u
the Atlantic States have TO a considerable extent apa"'
doned their farms and %en,igraled 10 the WEST, whtte 40
vet they are unable TO rulsr grain, or noge aPP'eu Wv"
selves to other pursuits. For our own pa''' W ~ ILL
wovs lboupht the notion OF eiDigraling L" search Oh fc'
lands a, a distance from The great markets an Io"e"u
one, and that, if instead of doing SO, farmers con'u e ;"
duced to remain where they are, and ieri'iizf t 'a'd w
by a proper course Of husbandry, they ~"u'u ~ " ~
DE- DSlteT III. u tif COuuIJ "'o'N L..
If for INSTANCE. a farmer in Baltimore county, VINO mas
two or three hundred ucres, in place OIL Selling NV" =.
their present value, say ten, fifteen o, 'wentS ""a,"t,
acre, and mourning the expense lncIoth' 10 d "
The far West, would gradually improve his properly, ana
in The course Of a few years, as he might do. cause IL 10
produce three or fouriold, is it not probable, that, getting
Baltimore prices for his grain and other articles, ne ~ouio
realize more in the end than he can DO from bic
lunds aud receiving Western pIices:
We zee by ar official statement of the Stale Treasurer,
that the Stalp Of Pennsylvania has expended IN the con.
slruciion of her own canals and railroads, the sum "i
twenty-five millions, two hundred and twenty h'"e
thousand dollars. Pennsylvania has a longer 'he m
public works than any Sinte in the Union, and IS SIN
gning on IL expend literally i'll completing her siupeh'
dous system. During the past year, these wo'ks pro-
duced a clear revenue of nearly five per cent. on thelt
cost. and the present year is expected to produce iron,
FIVE 10 six per cent. Having borrowed the money at
FIVE per cent. interest, she is already directly relieved
from any charge on account Of her large outlaws IN
directly, her people Rave hern thus early benefliteo, ny
the rise of lands and Development of internal resources,
10 several times the amount Of tie outlay. Inc o"nlh'
ern or seaboard key Of The Pennsylvania system 10 the
canal 10 tide, and that will open the to'd-gales OF her
vast internal trade directly upon the Chesapeake.
The editor of the New Orleans "Bee' has politely sent
us a draf, of the Act amendotnry of the bank charters OF
the State Of Louisiana, which at the last dates, was IN
der discussion in the Legislature. The act provides Tor
The nomination and appointment by the Governor WIN
the consent OF the Senate, OF three Bank Eoinptroiiefs,
WIN 6VtuI VI CltiSe no w SC ~ H'Fe Sfe'SoJ ""'
in the State at least ten years; be practical accountants;
and not engaged in active commercial business. They
shall receive each, u salary of $5O00 PER annum and
seveially give bonds in the sum of S2O,WN. 1t shall oe
their duty on the first day Of November Of each year to
obtain a Statement, OF the affairs Of The b.nks-thrir as
sets, suspended debis, bills received, exchanges, with the
names Of makers and eDdorsers of all Liabilities: Also, OF
the individual d~epnsites and Of what kind OF The cur
culalion. &c. On the last day of each month, 'try
shall require from each bank a statement of The names
of all debtors on personal security over $lOO0O; OF its
individual deposites; and Of its circulation, with the
kind of paper and OF money. Monthly publications are
TO be made Of the circulation Of each bank, with It's De-
posiles and specie and a "cnn6dential' copy OF the
statement of debtors over $4,000 to be addressed TO
eacI, institution. Banks accepting of this act, shall be
authorized to emit post notes mot Of q lower denomina.
ton than $50, and TO charge eight per cent. on all notes
having more than four months 10 tun, nine per cent on
notes exceeding eight months, and nMs per cent on
all lnans secured By real estate.
This abstract embraces the principal features ct the
act. There are other sections, 10 reference to e1chnn-
ges, the proportion OF specie to the circulatlon, settle
ment OF balances, loans, &c. &c.-BaH. ReP.
We notice a general decline in the price Of Flour in
all quarters. The demand, loo, is generally reported az
light, while the stock in the large markets is full. we
anticipate a still grentsr fall in the price of this staple,
which al this season Of the year, will prove most ac'
c~eptable 10 the consumers In 0uI large cilles.-N.
Louisville, Cincinnati and Charleston Rail Rond-We
are grnti6ed to learn that the City Council has deternIi.
to issue stock IN the amount Of $500 700, bearing
an interest Of five per cent per annnIn. and rederinable
at pleasure, as n loan to The Louisville, Cincinnati aud
Railroad Company, the amount to he re-
paid to the city whpn called for. The object OF thus
lending the credit of the City, is to enable The Compa.
ny to complete the purchase of the Charleston and
Hamburg Rail Road. The Cnurcil deserves cnmmrn
dation for thus promptly extending aid 10 The great rail.
road eulerprize, now sure Of c~onsummBtinu, which is
so pregnant with glorious and prosperous results for our
City and State.
But a comparatively slight increase Of subscription is
now requisite to secure The Bank Charter, TO which Ten.
nessee has just accorded. The amount already subscrl.
bed is 81 800, 900. inclnd'n g ,lr State subscription Ola
million and bn, u hoT malion more is necessary I"
swell The amount 10 right miHions, the sum required 10
be subscribed by Mr FIST IF January 1885, I" prevent lhs
forfeiture of the Bank Charter. Let unr wealthy c"p,.
talis,s and public spirited citizens then come forth
promptly and freely and complete the requisite subscrIp.
ton by the appointed day. The hon"r aud interest "i
the State, the mercantile prosperity Of the city, are in
volved in the issue, aud there should be n generous
emulation to promote the glorious result Charleston
Courier. Dec so.