Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-25

accumulation Of State debts 10 Europe. II is not
- he principal Of this debt that will prove the most
..rSn,re for the sxnguis'iment can be made gta
,fsntre post pone nj Of payment is not consented
a. rs-ocsan capitalists TO which they will probably
. - .ccede as not TO press too heavily The re
II the country Bu, the Paymen, Of the interest
b,Y.ct !iigey from the annual income oil the coun.
w. and bee ,;ls seriously complicated it'll CONNER.
f,.S sl1clng the foreign exchanges with clrcum
IS of disturbance c1;rnsc 10 those mercantile
.s vtict ordinarily influence them. The annual
',,nt .; Sta 0GG eco in those values equivalents
usual, 1rp!rsd 10 balance commercial debt
= ne, ul;s. - occasionally accompanied by such large
.,,,. ii specie ion our banks as w leave them but
ra::.w bass tor discounts. unless reduce
'. consumption "f Enr"Fean irrctandiIe as 10 apply
I,,,e pare OF the annaa! produce Of industry,
49,, ryfin 81 exports 10 the liquidation Of annual en-
,sl.sn,S N Europe, or the European Capitalists will
t.y ls CLAIMS 5y adding portion of The interest 10
-, rriac,p4i VI The debt
The most melancholy port of this matter is tina, much
:t large borrowed capital has been sunk IN the soil
not Xr'ced tn yield adequate return Tor several
, 10 come, Wi.iie the paymsn, Of interest a serious
.scus'on ''e cor only available means fer our Euro
ran l,n?"T:aiions
rh.s forms the only serious obstacle 10 early re-
.,c,,ron OF specie payments. The country, however,
,nrs, continue m Of p7nlon gea and indefinite
and nreri d the STANDARD. The foreign capitalist will
ps;csys The necessity OF enabling the people Of The u
10 discharge The engagements Of their State Govern
sais without Ire nchng too greatly their annual IN
,r.s and consequC ny diminishing in corresponding
t,gree Their consumption Of European products They
v the wisdom ola arrangement OF the terms on
mich Amst,can Securities have been negotiated in Eu
,7e do.ashHg Ike 6mOu Of interest by adding tito the
.-!s:ya u As DEBT, very gradually redeenlng The lat.
r.. 80 ;ha the sppiied for interest and redemption
ciancipai together, w:il not substtact too much in
taxes ts RENTED perhaps in specie from the annual
pi1oace ot oar sboui-i, is only By such arrange
men! that another resumption can be permanent and
.5,,aata vel! as early The interest Of all parties
dictate this new adjustment of the terms and con.
a.nns -four loans ~ Europe to enable the country
age h"noraby 10 preserve its faith in Europe hle
Es ~; n-xt'cably entangled and nermlnably emoar.
:fS-rc =. IFS foreign engagements.
;!er ali We must principally look 10 the two great pillars
oil Prosperity Tor nur ultimate redemption from our most
ssr,us enbarFassmsn,s: INDUSTRY and ECONOMY
Mike all ~ can-Ssve all we This IS the grea
s.rrrr Of The periiy and wealth and redemption from
do. ri both STATES and INDIVIDUALS. We re
c,a,Eead ,hen 10 all friends. IN the City or IN IN
Ccaalrg-in private or in public life We recommend I
wise Economy 10 the separate S,ales-and recon
mend II 10 The General Government. Act firmly to
wafd> the Banks; but scissy also Make them dc
s"r dgy Tar you can, for the Past--Reorm The
1T he utute-But lei the moveme nj be gradual anc
general one Spare the People Avoid sudden lfan
sIon>; but let your course be EDWARDS.