Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-17
M0NEI MYnhET.

The ~ I. Post THINKS It not lTprooao'e, mat lhe
Bank Of England is about send large amount OF spe.
&c 10 this counry Where (says the PusI) can the
Enr!sh banker un for field which offers larger scope
for his operations than in the U s., where all the springs
Of motion mus, FIRST commence: II the Bank OF England
is IA condition part with quantity OF specie, and
send Ia this country 10 purchase exchanges, or lend
10 any safe institution who shall say that il wonld not
be wise act would thus reinforce Us with the pre-.
cors metals and enable 10 stand on our iee again
|: they lend it TO solvent institutions which are
temporarily depressed il would ut once enable them 10
resume specie payment, and restore confidence The
English bankers doubtless acquainted with the
situation Of the country they must know what every
/ body understands here, that the money market III
this country is controlled by the United States Bank
of PENNSYLVANIA which thwarts every attempt oil the
othe. banks 10 resume payment-that Mr. Blddes nstl-
tuition is absorbing all the profits OF trade through his
agencies both here and there and that until tins lnu
is counleractsd, the commerce OF The United States
with England remain in its present depressed con-
don. We know from recent accounts that Mr.. Jau
con viewed England with suspicion, and his move
close watched If his plans can be thrown into
confusion, il will be done, although those who are con-
cerned may step out of the line OF strict banking IN
couneractinr the American agency If the object can
be reached by shipment Of money 10 this country,
such is rumo7ed it will not be neglected The En-
e!ish have every motive TO move in tins matter. IL
would revive trade give employment 10 manufacturers
abroad, orders would be sent out, and business once
more spring into life and activity"
1t was said in N. York; that Equipments o: specie
we're daily making from England 10 this country, at the
las, daes and that the Bank of England contemplated
he shipment of 81 0u0OU0 in bullion, 10 relieve their
vaults Of an overflow.
Specie continues TO flow into the U. S. from various
points, The Potomac brought into the port of N. York
last week S5I CSC from Vera CRUZ An arrival also
from Valparaiso brings small amount The Sarah Ann
brought from Tampco into New Orleans, on the 9Th
inst S02 600 in specie 10 different houses Of that City
Under such and other suspicious circumstances, why
may not the State Banks be soon ready for resumption
Ary, Is hoIia
ed that the u S Bank OF Pennsylvania is The sole obsta
cle at this moment The resumption specie paymcnt by
the banks throughput tic Union. 1t is conceded that is
the sole obstacle 10 resumption on the part OF the banks
oil this State"
Gov Rner recommended resumption, and Com
mttee of The H. of r. reported bill requiring the banks
Of that State to resume specie payments on the rst day
Of Nay nc1 under the penalty Of forfeiture OF their
i. opposed by the federal members-by the political
;ients OF Governor Rilner-and as they constitute
majority Of the Senate, its defeat is rendered probable
The annunciaion by the banks of simultaneous re-
turn 10 specie payments would do, more 10 restore con-
htence home and abroad, than all the specifics and
Propositions that have been can be urged upon The
creduliy Of the public. Confidence being restored 'oh
eoreign exchange, 1t IS noo, in tacor OF this country
The banks would be enabled 10 aid their customers TO
reasonable extent and the trade and business OF
Inc country would revive at once. But the "Whigs,
Us purity, are OPPOSED TO RESUMPTION Their game
10 keep the present state Of things, tor party ana
panic effect and in the hope Of charging upon the 60
Te'nment the existing endorsements and dhcuues'
in this game they have the cordial cooperation OF Mr.
bctIe and his bank. Its political interests and theirs
are identical And they will unite their efforts to FAs.
7ES rrnS TIE COUNTRY An IRREpEEMABLE PAPER CUR
EENcr, and to PREVENT 4 RESUMPTION SPECIE PAY.
NESrs"
Gutcan any one be astonished at the conduct Of the
BANK Of the U. Sa,es'-See the outrageous course 1t
mas pursued in relation reissue OF the notes OF The
ou Bank We pray The reader TO peruse Inc luclo ana
- 10 ho Mr.
MS subject The leading facts in the case are summed
up IN the following article from the Globe OF Tuesday;
hPor Of the Judiciary Committee on the late quotations
uu. Of The charter Of tho Bank Of tte u S.
has Nrundy, Chairman Of the Judiciary COMMITTEE,
h;, very able and unanswerable report on The
suoes' OF Mr. Bddes late fragrant and arbitrary over
S,,os =. .he old charter Of the Bank Of the United
shams ,T, 'e' up his new establishment The report
oon.,.ran,; sa"at sem5lance Of right IN direct
perry OF the old bank for Tho hnS IS rho new-ihat
NC tooN Nv srpS towards "a settlement and liuuida
w W I s I"u accounts Of the corporation,
no rr4u h ey the char,er-,hat be presented
no schedule OF The debts and effects and allowed the
General Government access 10 Tho ,"o,u, IS N in
siution which it was bound TO see hones,lv clossd-
a instead Of winding up the concern and cancellinr
The notes IN two years lie now reports nearly eI ooO mn
Of its paper hand banking fund. and ;s sc,uov
passing out millions Of this money after the s,;,u,io
deunct, as circulating medium. In word Ib,, Tho
resident has blended the two banks, and gone nm win
] Co!h, in utter disregard Of all law.
These facs have been before alluded TO in the nere
papers, but They have now been the subjec, of invespu
aon have assumed Authentic shape, and have been
a oy the Judicial Of the abIest uris,s of the
souhtty The report, therefore, may be looked upon as
legal discussion of the matter and the result Of
,r inquiry equivalent in point of authority, regards
rN'"' opinion, 10 an elaborate judicial investigation.
W. yp.mens from The Vest to Citi=en Of the East
bus oh;a The following paragraph from the Coum
n ibpS no ,for eipf;ra afo1u
acquainted with Col Watkins: nc 1''''' 10 intimately
W,t;ns o sf ,sR'oS BANK AND SrArE-Colonel
nt hod o, Inc Virginia Legislature, has introduced in.
II Divorce ~ s,tns Of resolutions the subject of the
sh that many desire, not 50 far as We ,bouId vsS
fM e nave SO much confidence in The sinrn RennhE