Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-09-17
THE BANKS.

THE BANKS.
The Pennsylvania Bank of the U is still going on
with i'a extraordinary and most censu!ab!e system OF
Post Notes II is throwing batch Of them into
the Nrw York market-and this species Of rredeemable
paper " hich is qaoad hoe equivalent TO suspension OF
PAYNE nt.) is selling at discount of or 3D. per
month that is 10 say, al depreciation Of is per cent
yeaI Never was such system more extensively
adopted, or more grossly abused ], is weakening oil
confde in the Bank-oppressing oil the other Banks
who upon for specie by The operation of the sys
tem,t is cutting deep into their customers, of course
and it spreading alarm among the Banks and through
the munity-und producing little panic in the
North ABOUT another suspension of spsce payments. So
embarn. 'sng is il in lis efrcts, that two of the
Banks of N York are relalialng the policy, and
contribute 1g to the OF rredeenabe paper
the Bank: of Mississippi have shamelessly aud out
rageously done
No won ier then, that the N York Gazette, "a Wing
paper out s Indignation in the just and ra Hess
criticism which appears in lis paper Of The l2th inst
(Which shall re publish in our next) IT declares,
that the B. nix 'has not entitled itself 10 the confidence
of the ren1s Of the banking sysem-that it has done
infinite harm 10 the rurrentyihat the emission of this
description OF bank pnper the utter OF the
systein-an and TINT reminds of the course of The
Eagle Bank Ct New Haven, which resulted in so much
loss Ia many o. the sufferers by the a;rnclous ransac
tons uf that institution; for that undertook lis Trick
cry of post notes and The tens and hundreds Of thou
sands out OF viii CHI the public was swndled furnished
full evidence that post notes. in that instance al least
onl NOES gwen u cheat the holders out OF the
value that had been ven for them
The n. money market is indeed in enviable con
dion. The New York Express of Friday says, that
1.-The bright lie cling that manifested after the Great
Western arr we'd, seems TO have subsidized. Money, in
Wall street. hears high premium. and stocks have
fallen back. There seems TO be apprehension that
Bills England by the will advance. One of
ihr leading in Wall street have put up their Bills
10 Ii0-nc ne else are 100 = This indication has
an influence the operations Of banks Southern Elk
changes, particularly on Georgia, are getting worse
bank certificates 10 per discount The
difficulty Of getting funds back from them very great
Georgia s now but lille better than Alabama The
latter STATE seems 10 be improving, lille the former is
getting On Saturday last, the Express says,
"Uned ST. Lfes Bank stock 10 day went down 10 lU2
and subsc ,rnv lower We learn Tint er The Board
adjourned, 400 shares Of u S. Bank Stock sold
par The State Bank has ceased TO redeem the notes of
The Safety Fund Banks, and the Brokers bought them al
l-2 per cent discount-1his cessation, presume,
however, is bot temporary several country cashiers
in low The day has been one of universal excite
ment in all street, and affairs not in satisfactory
stale.
Tie Gu upcad'r PloL-The Wing press has made
much morse about statement made by a PIrusonlOn
to the mmtee Of the last Pennsylvania Legislature,
tina, plI,n was laid by Col McElwee, and three
others e uring Tire Harrisburg ,umnt of las, wner TO
up the rails portion Of the Philadelphia and
Harrisburg rond, and in addition 10 lhi, TO lay mine
beneath When The with The soldiers called from
Phadel phia reached this spot and The cars over
thrown the mine was 10 be sprung and all the soldiers
blown sky high !-Pleusonon stues that he had II from
McEs own nou'h The Boston Courier (Whig paper
says lh Van Buren, paper Of New York, treats the
whole affair as hoeI, played off by Col NJ Elwee upon
his frie nd Pleasonion We have never flieVed The
slapmt MT but do not perceive that there is much wit
hum playing off hoaxes Of this description.
(Nnr l., we) The Baltimore Republican," suspects Mr.
McElvyee must be something of n wag Tie has Ger
tainly hoaxed most completely certain Mr. Peasonton,
and apparently the generality of The Wing party with
story Of intention 10 blow up the Harrisburg Rail-
rond i,h gunpowdeI The story very handsomely hit
off in article whch will be found inano'her column.
TIE AmrsrAD.-We have laid before readers the
Span sh view of this subject from the -SoticOso de I'm
has .ilundos a panish Journal printed in New York
The N. York American of Thursday states on what il
deeu good authority, that NJ Calderon de la Bnrca.
who exercises the functions Of Spanish Minister until
his successor shall be received and accredited by the
Pres dent has formally demanded The surrender to the
Spa uish authorities, Of the vessel cargo, and alleged
sIav "A Correspondent Of The York Express takes
the ground that The Ereenticc Of the S. has nothing
10 with The surendpr-bu that under the treaty with
Spa IN, as well under the Constitutional provisions,
the .jnSeiary is the proper tribunal TO adJudcate The
ques'io" Of property, OF oil surrender.
The Presidents Tour
We recommend 10 The readers attention the excellent
and seasonabe reply Of the President TO the citizens Of
Osw g-in which he touches upon the question of from
tier relations The lessons which he incucaes oil for
bpnrlnce and peace cannot fail 10 have the most sauiay
effrcs. These admonilions, well as the measures
which necessary for the efficient offence OF the iron
tier to which he audes in his reply TO The cIt'zsns oil
-
tour
After his splendid reception al Syracuse on the 10Th,
he VISITED Rome and Utica on the llh-Ihe ConPers
town journal announces, that he would visit that place
on Saturday-and he expected in Albany yesterday
Cape Cod Celtbranon.
The celebration Of the 200th anniversary OF the set
Element of Cape Cod took place Barnstabe the Sd
inst very large collection Of people was present,
atnong whom were the Governor, Chief Justice, DR..
Palfrev who delivered the discourse, &c &c The
true Yankee Ode, which gracPs our last page, was
among The original productions Of the day THE cee
grafton was closed by grand Ball in the evening. at
which abou, 500 ladies and gentlemen were present
In fine every thing passed off we'll, and this centennial
celebration will constitute of The most interesting
in the history of Cape Cod
NJ The Squb of A D. e. from Louisa in next.
Citizen Richie Of the Richmond Enquirer, writes whole
Iunns Mr. Clay available Wig Candidate
against Dir. Van Buren, WE'LL my old friend who l.. Tell
who among the Wing candidates rnh"e Martin Van Buren,
aGd liberty Rome and We will take bin We
the cause not the man."-.f j. f. Star
cause" of the National Bank! &c &c. BIT word
in your ear Citizen Noah. Y"n have avaii,hle can
dida,e that can un,urse III, L.::s Magician: !..s "a
son why because your cause is loo bad. Change you
banners wheel back into old State Rights rank