Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-11-04

TIT pfiiLsBtLlqllA HAMS.

,r BsaAssl The eiis ii Ph,ladrlplla AID Alioiainr
a,-,,ir,s. h.M on Wednesday sr.ni, 4, OFT e2d.
Iesi. ,ir Goan,itier otnted n aprFtoasinreiine
:" pfspare aud frtnfi al sditess Ia the etNeas -
f.nus, lSal,.a. presented tie olluaine. wifirh Al
I'D. uuaninoa-i, adopted. AID siettfai 10 be sign.
81 b, the Chairman and Seoiftatfess and publish.
ell IA AL the daily papers:
TO THE CITIZENS OF PENNSYLVANIA.
Tie Banks II l'la idrlpha having decided Ia
suspend Tor ,ine ,he Pnyn'ea Of her NOTES Ia
srsre dertn tleir duty 20 eNptin q the tifiz.as
eff Pebns vsatia III, reasoas ." that measure. its
they will do ftsehly sad br,efly.
In Nav. ls36. the d inhs IN New 1nik suspend
sI payments sleeir. and the feSi of the Union
fdfowed tlrir example. this jnsl aud ncoessai,
measure required bs the commercial relations
betsern his oonair, aud Europe aud al the Banks
III thr Ured States inn ediatels directed then e-
fnrfs b. assis. the Country IN the honorable scarge
ri Us fareen dehls and 20 prepare r. lie Iesumf-
i'm at spetie payments. htse opefat 'ns "eie
proeee' iug IN. manner easy for lfe G unity an1
satisfactory Ia IT, iaregu c,edlors. nhen ihr'f 10
ersss disturbed by premature 'tio,l iur e'n
.ral resumption OF sifetie pasuets, The liaukse
New lo,k we're unfortunately constrained By la~
To resume on ~ given day. whatever mcht be tn,
state of the eauniis and tiey naturally endeasofed
10 ndaee all the aihei Banks Ia 10 ralnniady shat
ti.es canpeed To do. tbs purpose vas Il
i.e,-d. aided II by he Inpalisn,e al tie pub
lie. nv the competition al Yonica pHiles anxious 10
propriac 10 their respective sidts the popularity
A.e,rd from hasienhe The resumption, and by
feelings II local pride, wltscl nittenied many from
a.ehuIue 10 10 Will IN reality hes dtsappru't d, aud
.euadugiy DAY II resumption WIS named.
The banks of Philadelphia we're quite as teaay IN
resume as those sl1o most auxtnus Go begin
,nr they had greatly reduced Inn hernes, aud
al their nunAet had less tlmn =, 3J1 900 IA
ifs vaults. But they believed lie country Ut large
had no, gel sufiriraty recovered from that y'olcnI
slso.k 10 be :, al, tof resumption They uroileet-
81 iha under similar Circumstances tie Bhk Of
Enela had continued her susrei SION for upwards
al twenty ,rais. and thcya,ow, ieir apprehension
thai n rr~pa tiion IN tie uHprspaied Stale OF the
enurtiy mpsi he followed by relapse Oeeuul.d
thu judi ani. AID obliged attic hz ri OF greater
evils I" nnir IA ia. resumption, II eA sincerely CO
operated ~ II. and. being SATISFIED thai the measure
In order to be useful or permanent must b. cenefa
the, asde great ,nofis aud large advances Ia tie
Southern AID Sauii-Wrsiern SAT- Who were thu
ensbsd alhosl eAelu,triy b, lie assisaure oil lie
Philadripha Bafks. to uollr IA The resumption.
ISHi The 'b'ihears ct Tie measure son became CD.
stosss. The southern aud South western Sl4ies,
placed BY lie resumption too much ia advance al
lie crops, whIrh aianr could sustain lheoi gave ~
- tlr cries demand ief pcte, thus breaking ihs
general line ~ resumption, aud erakeulug the Al
isnrie Bsots b. lee amount OF he adta ces miade 10
saPpon thrm. Nut VI. lbis all.
Ihs dclusise arfeatsncc Of The resumption 10th
81 inJuu0usly on bot sides of the Atlantic. Ia ths
country u caused iiie belief that ali danger
o.er sEJ Indl.idutis rniised nlo enterprise. :,
aud Sgales undertook nes Improvements relying oh
tie enJ1ymen ol tie old fictliies credit. Abroad,
the extraordinary aud hupursbir eutts made to DIS
charge as debts. esaiied the character Of the
Try aud meiei ants hasrued tn sell on credit. aud
Capitalists to letIa outite public secnuucs OF peo-
", who had been thus faithful 10 ther cugage
sten,s.
II WAS tlen thai the auteipaons uudtr Which
The Phahclpha Banks gave then reluctant assent
Ia ihe measure, tealtzrd. And nav after III =
lie more Ihan Year at nominal Irsun,,Iion The
S",nhrfn aud Sunih Western States n,urc rinlaf.
tassrd lhan The Atlantic Banks are weaken
~ by thrir ifnHl.ss endravuts 10 aid 4 osc States
the ruinnetcisl drhi Eutapc lugrr than at The
rssn,nriIon-lie ,leht at the STATES IA Euiope much
if,erf aud the specie means af the country mnah
diminished. The ptemnuur resumption OF specie
pasmrnts therefore has cli the county IA State 81
'hhapsii"n. which has ptsfnied rs beng able To
stand the new shuek. which TURNS the mote recent
and direct cause OF the present suspo sio1. anu
dtain ul specie To England
Ia aur relations with England, she Is lar ely and
labhnally erediior. Like all other creditors. 81
Is ~illin. To buy more aud 10 lend more While het
own situation Is perfectly eas,-5ul when she :
hrrse pressed, she ceases la leud, ceases To buy
and proceeds atonec 10 exact payment. Thus IN
ofdpaf, times she receives payment ioi her goods
~ "nf own produce TN our own funds. aud rafels
requires, because she raiey needs. specie. But d
snddon trouble has come upon England which revcr-
ses the whole 81 ouf relations. Her crops have failed
and she lsoreed 10 ioiec her people eaiusi lamne
by purchasing food. and tiis NOT fun ur own eoun-
Try "Idrh might furnish market iot our crops.
hui irom her neigbbors who can furnish a ,beapef
IMAM . ca --s'Dd as these comparatively small
eonsi msr al her products, she must pay with spe
e,e TO, her food Accordingly. the Bank Of Eng land
nj. nc has been obliged iutnish mote lan thlfiy-
i've n'iliIons of doll,rs II specie 10 be shipped a
bfoad-a dtain that has threatened that instrutioa
with suspension. BY the Latest saIem, ut OF her al
'airs It appears that with immediate demands ion
which se Is liable. oil f25,a o00, the whole stock
81 specie IS Gully .f2 500 goo. aud this alter borrow
ing hon The bank OF France CO 600 00O--so that
without This extraordinary aid, hrf position would
have been extremely critical.
The Consequence is that muues has ,iscp 10 tn ice
az thee times rs ordinary ,gue-iat The staples of
this coun'y nnsaleablc except nj runous sac,i.
Gresham The stocks OF This country sent by the
states. or by The banks. or by individuals. are Who'll
" ineonreuible, leaving as the safest and the
tts"rne mode oil payment. the exploration oi
specie. The demand fur tbs aIire is stll llr-
tiirt increased by the etIIts made IN England 10
produce relief at home.
III. ~ anuiaelnter, pressed by some urgent want
r"'pies his warehouse INTO the packets aud selling
ms goods here at small sacrifice, Tor uctcs winch
are discounted al second sacrifice, lac SHIPS the
specie, which reaches England in time Ia relieve him.
.avine tins country fooled with goods without any
regard !" lis wants OF its consumption.
The result is, that The DIN of this county is want.
ed England TO seud The Continent iur lood-
i'ia " ~ large portion Of it has aifead, gone aud
that the resi- will probably follow. The banks Of Phil
sieph'a have already contributed many millions
"n- single bank of The number having since the
"sn"p''"n IN August, 1888, paid out no Icss Than
e7l2G0o dollars, IN tbs alone. aud the demand
seems 10 increase, instead oi subsldlng.
Uud'f these circumstances, thcy have had 10 a.
a. n Da tl4,YI a.,