Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-05

(From tic Philadelphia National GG=rne IF T."..
We have great satisfaction in prcscniiEg I" our Pei
ers the following letter from MIR. BIdd'a 10 w. g..
Il shows how promptly the Banks avail thc'nss @,
H." first movement who h Indicates iavoia3.e O..
in the disposition Of the Government, aud il fur
the first lntmation upon which the country may r.
an approaching resumption Of specie payment,
i gives us great pleasure to add. that IN c"ussCs
Of the repeal Of the Specie Circular, the Bank u.
u. 5. has determined 10 accede 10 the Request "a.
Board OF Trade Of the city Of New York, contain
the following resolution of!hnt highly respectable b
"Res0iced, That our recollection Of that LIBERAL
TEN pursued by the former Bank Of tie | : rea
us peculiarly soiicItous that large bauklng as s
" should be established here. under the General y!
ing law, which shall be managed with the a'm.
" iarged views, and the same enlightened aad .-
policy"
PunADrLYHIA, May y, -
Mr DEAR SiR-Iu my letter Of The 1rb nit s.
my belief that there could be no safe nor prrman''
sumption Of specie payments by the Banks, r1'
policy Of the Government towards them vas cl.e-
The repeal Of the Specie Circular by Congress .-
that change. | see now, what uuui no" ! h1''
seen, the means Of restoring the currency.
rejoice very sincerely at the termination ot 'hi'
happy controversy, and shall cordially cooperate
the Government By promoting what the EanNS are
sure, anxious 10 effect, early resumption OF i.
payments throughout the Union.
With great respect yours
y. BiDDLt
Hon. J. Q ADAMS, Washington, y. G.
The following is MIR. B:ddles letter TO the Boar.
Trade OF New York:
"BASK OF TIE UNITED Sr,TE;.,
May 81, ISIS
To MesSrs Gabrii p. DisOsmay, Thomas Dtaay,
Leaciu, .Icigs D. Benjamin.
"GEHTLEMEH-Your favor Of the l2h inst acc'r
nying the resolutions Of the Board OF Trade Of ih
OF New York requesting that this Bank would Ioc
Banking Company in the city at the present ausps.
time, and adding, "that our recollection Of the li'f
system pursued by the former Bank ofthe United ga
renders US peculiarly socitous that large BaHk!H!
stution should be established here under the uefs
Banking law, which shall be managed with the g.
enlarged views, and the same enlightened AMI '.'
policy, duly submitted 10 the Board Of Dirscio''
They are deeply sensible 10 the expressions OF gooc
toward the institution conveyed in the resolutions
Board Of Trade, and very cordially reciprocae ih'1
the commercial community Of New York. WITH "
this Bank has been 80 long and SO satisfactory =
nected.
1.-The board Of directors, however, delayed the!; ~
sion on the subject until they could learn The ma. "
Of Congress upon the financial measures n conc
tion-on the result of which so much OF lac TU' a
and banking operations of the country depend. I
repeal of the Specie Circular by Congress, winch ]
place yesterday, is deemed the commencement
more harmonious relation between the banks 81
Government end the board Of directors hasten % e.
their confidence in by renewing their conne:uo'i
your city. Accordingly, am Instructed 10 SPP''!
that they WILL at an early PERIOD make the hs'''s
arrangements for such establishment as you '.s
In the mean Time, have the honor to be,
every respectfully, yours, -.
an. BfDDLE, Pfss!-'"