Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-01-20

rbonnh every body had been predicting 1t, from te Gu
travugances of the nes the Specie ClIcu'a napI h,
.d n be in force and all trouble charged 10 n.
Bu now the Specie Circular is still in ioEce' anu '
President in his late Message, occupies The same
that he did at rst and yet strange to TELL The ekcnSns
will not accommodate the Wings by Keeping out " Jc'
any ,nper There is Innre Tor our alleIDuu"s
The present favorable condition Of exchange 10 the con-
tinuance Of the Circular, aud the patriouc pore! "
President Van Buren, than there was IN inc VINES "
charge The money troubles OF Tie past year |" ''0'e
causes. ,.
FIJI tome TO business men and oprn the Spring trade vi
unusual activity 1t is, for the sound banks 10 cut ,ne'
selves loose from the Politicians aud hoes''y anu 'o
ra,!y redeem their promises TO pay, whenever Is req"
ed NJ Them They may rest assurP, that iIurra p"'.
cy OH their part would be generously responded TO- unu
unhei by the great body IT HE people he oahks are
their ngr enemies. when they PvrseTefc III cor"
lrary course this lime serving pcy never game" ihe
n friend wurh having. They ought to have hS'u t"e
J,y during their late convention IN NrW l"rK, anu Hal
of itself would have spread cleeriulncss and mu.ha Gu"
fdrncp instantly throughout the whole cnhmrh''y'
I.,, Webster t.rratcs and the BIdde delegates, VINO
MANAGED to defeat MIR Gaatins proposition for an ear
Is resumption and Tho broke up the Convention with
ont agreeing any, even distant day, nave no" u"
ground OF princp pie left TO stand upon nes' gFeat
argumpnt was, that the exchanges must ifsl come
dnxn and that they could only be brought dow by The
Prpsdgu, and Congress adopting Wing measures. In
stead of treating it as honest question OF finance,
TO be settled by the laws Of trade, they wished to incui
The exchanges were regulated by the General GOVERN
mcn and that could only be done by putting IN Mr.
Wrbser, or Of his party President; ana hIhhg
Congress with Wigs 70 the eternal homer Of Erpuo-
can Virginia. she took the lead in insisting upon an ear
~ resumption and she molly sustained by New
York North Carolina, Ohio, and several other STATES
But Mr. BIidIe at the head of the uned States DaHK
Of Pennsylvania, the =" great Regulator un'led u the
Massachusetts delegates, carried States enough with
Them AGAINST the measure defeat it, and by doing,
they have thrown the business OF the country lack ao'
ther six months if for another ycar-unless there
should hr sufficient energy in The minority, rs we trust
there will be, 10 go without them j he "'ect 81 The
Massachusetts delegation the interest ut MI Webster,
doubtless 10 give relief but 10 keep on le pres
sure ill after the spring elections shall he over IN 10 se
refractory States, New Hampshire and C"nnecti.
chi Hence the adjournment of the Convention was
To- the 18th of Aprl few days after the last oil these
elections will have taken place Alr btdde' however,
had other objects in view HIS Gank' WIN It's hIse ca
p.al had become deep Spectator in cotton, bought
with the bills Of the old institution, dead corporation,
anLll was not cOnv. nen fur him 10 attend to them Just
now Besides, if he could go on buying cotton with
paper which lie need not redeem, he might push MS par
chascs 10 any extent Ills interest and his policy here
fore were II have 10 resumption till lie had rolled
over his millions few times more III cotthn-a hnSi'
ness much more profitable, II II comes ont rlght lnal
steady six per cent. banking. II the regular co'tn
dealers with moderate capitals, could not compete WIN
him so much the bcltcr-hG would have the manopoy
of the market, aud he "calm rs summer morning
The New York merchants who nre largely m the cotton
trade that their late sealed unless these opea'
TONS OF Mr. Bdd.rs could be arrested ny return 10
s,rce pavInpnts and OF regular business once
more They therefore cxerled themselves naiin'iy as
some of their newspapers do, in urging speedy re-
sumption Blu, the coalition Of the Penn:vlvana u D
Bank and Massachusetts,, (B;dGle and Webster) was
too strong for them Al time the result seemed
doublruI-lhe vote in Convention was BY Slates-each
Stale counting oneand il close that an express
was sent 10 Delaware for delegate. he came i"rh'
with "with little federal Delaware in his breaches peck
ct as Major Noah used to say, and made the Coalition
safe. But what has the country gained by It, What
have the Wings themselves, as budr gained, or can
they rain Are Ihrr business willing tu be ieeced
wear alter year, that Mr. Bidde ray reap golden iar
vest from his cotton sprcuIatons; Is this the kind OF
regulator that they want for the exchanges and me cur
rency2 Or they weak enough to suppose Tia; Inc
Democracy OF New Hampshire Connecticut, can be
subjected 10 Massachusetts, and MIR Webster BY trying
the panic system. at the polls II such are
their calculations they destined 10 disappointment
severe than any they have yet mel with:
[M Hsecn Register
INTERCHANGE OF AMBASSADORS, or EXCHANGE OF
CASHIERS The obi of the mission of MIR. Jaudon to
London and Of MIR. Cowe 10 Philadelphia, seems 10 be
shrouded in mystery which the parties Interested DO
not seem disposed 10 reveal by any authentic or public
declaration IL is only by the progress OF events and
by the ac,inrs and dongs Of the high contracting par
lies and their suballrrns, that the public mind become
enlightened from time 10 time as 10 the Objects ana
ends in view Thus, when the late CASHIER vi the
Bank Of the United States, with salary oil I'VE th"u'
sand pounds sterling which about the average 81.
larry Of British Ministers, 10 establish himself
in Threadnccde street, near the Bank oil England ne was
supposed Le Ambassador from Tie Bank Of the nj
ted States the Bank OF England: but when the envoy
from London was To take up his station not mar
bu, actually in the Bank Of The nl,cL States, Opinions
ulter and the question arises whether this novel arrange
ment between the two banks is an interchange oil am
bassadurs, or exchange of cashiers: MI Coweil s
station seems be that OF cashier OF the bank OF Inc
United States; and all accounts from Philadelphia say
that he received in the bank circles with reverence
IL, orHi HINT
the douhly directed devotion Of The worshlppers an
nounces that there money gods now seated upon
the discount desk Of The Bank Of the United States
This opinion gains strength when rcc0lect that The
two banks of the United States have always been more
or less British insiituonslha Mr. Clay opposed The
first bank, in ISL British nstutIon-that nir
Caytuns committee, in lo32, showed that the Englsh
owned eight millions of lis stock, and that the famous
Rarings letter of last winter showed that this amount
swelIed to about seventeen millions and hall
The British are, therefore, at this lme The chlel own
ers of the miscaIed Bank of the United States, ought
TO be called the Bank Of Eng land in the United States
and it is natural they should send over an Engsh'ah
one OF their countrymen-to watch over theif
peculiar interest Be this ii may, and whether these
missions Of MIR Jaudon and Mr. Cowell nleIcIanges
Of ambassadors between the two sovereign BANKS or an
exchange Of cashiers between them the tact is now in
contestibe, that this miscalled Bank Of The United
States is mere British institution and that this BRITISH
institution is now the sole obstacle 10 the resumption OF
specie payments.-Gt0Gc
TREASURY NOTEs-ln consequence Of the slight, anu
no doubt temporary, depression Of The market price Of
Treasury Notes bearing low rates of interest at one or
two places which they have been sent as renlttan
ces from various sections of the country, by indvidu
ais who had purchased them from the pnbic creditors
for that purpose understand that the President has
authorized issue for the payment OF Claims bearing
interest the of FIVE per cent which has already
commenced and which, we have reason 10 believe will
be equal to par at every where Those bearing
lower IL Of interest equal to specie for the pay
IF butpa and nd ~ DDsDOnement OF
to a very large amount under the provisions of the act
of the special session. will begin TO expire in the course
of two or three weeks, as nformed-GiOGe.
LATEST FROM FRANCE
New YORK January l3-1he packet ship Francis
ist Canl Pel. arrived this morning from Hayre-sal