Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-10

delphs Inquirer Of Saturday:
"GOOD NEWS.
RESUMPTION OF SPECIE PAYMENTS BY THE
PHILADELPHIA BANKS.
THE FIRST FRUITS
We learn that a, meeting OF The PHILADELPHIA
BANKS held on Thursday evening, resulu ion
adopied (Ayes 10, nays 4) RECOMMENDING THAT
TIE BANKS OF THIS CITY AND COUNTY RE.
SUME SPECIE PAYMENTS ON TIE FIRST OF
AUGUST ENSUING, or in little more than three
weeks from the present time So much jor the dteat Of
The Sab Treasury scheme.'
A letter from The "PhHadephia Exchange" July 9th,
appears also IN the Baltimore American The ei
lect which adds, alt is believed The measure will be &C.
nero!y adopted and carried into effect"
But Mr.. Bldde, in spite Of all his protesiaons,
still abackas appears from the following paragraph in
the last n. Y. Evening Post:
"BANk RESUMPTION
".hr. BhMc left aci,h only Corporais Guard.
iThe officers Of the different Banks Of Phlladei phia
met On Thursday evening, when 1t was resuyed that 1t
be recommended to the different banks in the city and
county Of Philadelphia to resume specie payments on
The first day Of August next, with without the coope
ration Of The banks four only voting in the negative
VIZ:
The United States Bank, of Pennsylvania,
Bank Of Pennsylvania,
North America,
Schuylkill.
Thus the Philadelphia banks appear state OF open
rebellion against Mr. Bidde, whose assumption Of au.
horl!y suppose has become al last nloleIabe But
This ali; Mr. Biddle is found voting against the re-
sumption Of specie payments in utter cont adIcun 10
his declaration bis last letter 10 John Quincy Adams
that there nothing in the way OF Il resumption
His present is exactly in the spirit OF the language
attributed 10 him by poetical correspondent
"When all ready south und west
nay resume, i'll think best
But Mr.. BGdle struggles IN VAIN lie must resume
We understand from other sources that the LIST OF Au'
gust was recommended The day of resumption, alter
considerable opposition the part OF the minority AL
New York, it confidently believed on the 9th, that
the resumption would take place The day deslgnnted
and the exchange between the two cities was reduced 10
/ 2 per cent in consequence of that belief
We understand also, that Gen. Hamilton OF S. e. had
negotiated loan for million, and part Of it will be
brought from Europe The ls October when the banks
in s. g. mean TO resume -GeorgIa is also negotiating
for half million Ohio for $500 000-and agents from
York the business is said that the banks Of
New York becoming little uneasy about these large
draits-and say, they cannot supply The whole Union
with spece: But The ables inanclers among contend
that The banks need be under apprehension account
Of the Of sprcie. If they Will be but moderate in
their operations, there will be specie enough In the
country to answer all their purposes
Now, what will Baltimore DO: That is the question
with us. The Virginia Banks will resume tomorrow
if Baltimore willard take in lieu Of notes. the best
available Northern funds.
In word The gloom TO be dispensing all around
us-and brighter day is about bursting upon usA few
weeks longer. and spring about TO De con,muni
Gated to every thing in on: country.