Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-10

settled the Queen sends in message asking elgt 'hou
sand pounds year for her mother, the Duchess %
Kent. When the Duke of Kent married, parliament
settled six thousand pounds year on MS VIE VS.
he died parliament gave her six thousand more or we
education of the Princess Victoria and IN 1881 Ear
Grey procured her from parliament len thousand Pouu 80
more, yearly. So the yearly income OF the H.
Ken, is nnw % coo pounds sixteen thousand OF winch
she receives for educating her daughter, whose euuca
ton is completed and now the economical wing i'''''s
try advise the Queen 10 nsk eight thousand pon'os "T
and paTliam,rn; generously ard sallnnt'y grams It,
whig ministry doubtless intend 10 Keep ltt' P'. 80
Queen Victoria will not willingly turn oul th"s' WHO
have helped her and her mother TO so much mohfy'
never take up an American newspaper which, reau'
ing something abnu, the Banks. The perpetual GsSus'
sion OF that subject makes your Journals efrpy Gun "
readers on this side OF the water. we loo speculate
sometimes an the subject Of hiking; hot we q" hot
allow it. like Aarans rod swallow up all other topics:
great contraction Of the business OF The BANK Of
England has occurred since the t!st OF last
This appears from the official reports of the Bank tor the
ouattsr end,np December II. Since the beginning Of
last F-bruarv The total decrease oil the securities OF
the Bank-whai you call - loans and discounts mas
been 1858 U01I Prodieous, is it not? The whole
amount Of the securities OF The bank at present Is -,
727 Ut 50 that the reduction is nearly one. third ne
entire amount uf circulation al present Is Io UoVt'
The deposrs OBS GOC the total Liabilities -, o.uI'
and The uiion : l1200Dl The amount OF gold IN 'e
bank is much increased. Within the last nontA IL was
increased about three fourhs Of million, while Inc CIR
cuIaon in the same period diminished by lie
smtnnt Of 3;6 000k The surplus. or rest, as 1t Is
cnjl.dttat is the accumulated fund Of profits which
did no come into the divdends-suercd, in the month
previous ibe last return, dimnntlcn OF I'D O0O
Nobody believes that under these circumstances The
bank can 20 declaring dividend OF eight per cent
The idea is prepusernus. Their stock OF bullion, which
is CAPITAL unemployed and unproductive. is increasing,
white their profitable business goes on diminishing
Loans and other accommodations obtained from other
sources and favorable terms than al the Bank
Their dividends cannot fail 10 be Irsscned a meeting
OF Stockholders held the other daywhen one per.
SOIL asked the Governor whether The statements IN The
newspapers TO The probability Of diminished dvl-
dend true, The Governor answered that he was
in the confidence at the editors OF the newspapers
and had nothing 10 say in regard TO their statements
An evasre answer thIs-bul think confirms The stale
ments.
Some of The directors in favor Of an attempt tn
increase these profits by liberal issues OF bank notes
These men would open the loodgates Of speculation
that they enrich themselves by the common ruin
in which such experiment Is sure TO end IL IS Tune
That bride put upon this too powerful and mis-
managed institution. Its directors neither honest
enough intelligent enough wisely TO WELD lie great
power it Possesses There wise and virluous men
among Them but the majority unfit for their Office
IL said that motion is To be made in the House nt
Commons after the Christmas recess to take from the
bank the power Of issuing notes and to place il in ano
Their department. under immediate charge OF the go.
rernmenl hope this will be done. Here are twenty
four merchants who By expanding and contracting al
their pleasure, for their profit the issues OF The
greatest bank in the world raise deprcss the value OIL
lands and goods every country Its lime these TWEEN.
t.. four vanis were deposrd and the currency OF the
country secured from the fluctuations whiclhe!r selfish
ness want Of foresight so often occasions