Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-01

He believed that the gentleman who mao preceoeo
him had wandered far out Of The way iha' so 'a
Banks were concerned they were disposed 10 fe"oe'
evsry aid in their power and that to rid the community
from the prevailing difficulty had nut 10 "ne au
sustain lhr banks and when assured {" llat u'ey "'"
in turn sustain US. There al present u" oth'u"u
for specle !: vas scarcely at a premium ESchanRe
on En- gland is below par and with UNION anu ha'"y
bPtmptn the community, the Banks all witl ~ Z" "'''
Some remarks made by C"l W L Siohe'
When Mr. Denny suggested that mere were Dug
u,on The table certain resolutions (Mr Tnppans which
md moi Lren acted upon. These, he thought c"anins
from whatever man woman they might. "ogh !" oe
ACTED upon by the meeting These resolutions "gn !"
BIZ Judged Of hy themselves without considering '"
whom they came by whom thy were rropnseh' ana
l ih,m i, adnppd 90 furih The world The seht'-
menis of Tie meeting
motion 10 lay The resolutions on the table was i'c'
ed; when
The following resolution was then unanimously
adopted
IL soietd, Tha, the thanks of this meeting are due to
the committee fer the faithful manner IN "hch they
have performed their duty.
The meeting then adjourned sine dte
SlLAS BROWN, Chairman.
Wa P. MILLER. Secret"ry
FLoua.-The packet ship Su<qurhanna, which sailed
from Philadelphia for verpoo few days ago. took "ut
100 bbs of Flour The ship Monte yuma which cirae-
ed from that port for Liverpool on Thursday. has on
board $50 barrels of Flour. The ship States IS also
loading with -four for Lvrrp OIL and has 5000 boIs en-
gagged The Commercial List adds, that most II not all
these purchases Of Flour made for remri'ances IN
rqupnce of the present high rates OF Exchange
Large orders said 10 be in the market tor Flour but
The present prices above the views OF The purchasers
Respecting The Flour market of New York, the He
raid Of Friday says
Flour has zone back 10 the prices current here before
the arrival Of the steamer Liverpool Sails were made
10 day q, So az barrel cash, for Western brands The
stock here rather light and also in Boston and other
,I. I..l h.ra f,,rpn lhp Hn
almost as us, as il arrives, which alone is sufficient TO
depIess prices Upwards OF 5OyIOO barrels have been
purchased in this market on English account There
nrc orders nnulled for so 600 barrels more but they
are To buy on time So less aud consequently there
are no sales II The agents would pay cash, they would
soon complete their orders Bat liner
REsuarTIos or CASH PArMrSrs If the Banks of
New York and Nrw England adhere TO their noble de-
termination 10 continue cash payments, and The crops
come forward promptly as IS anticipated we see no
difficulty in the way Of speedy resumption by all sol
v.nt Banks Al eust they may resume as early as The
first Of January next
The condition. of The suspended Banks generally is
quite different from what il was in lc37 IL IS much
better Than al that period Their issues are less and
their investments unquestionahly safer. The official
statements Of the lending institutions IN the West as
well as of those nf New Oenns of Savannah Charles
ton and Virginia, if any reliance he placed on these
statements show that the Banks in th"sr sections have
considerably cur,aed their issues and reduced Their la
bes and that their position now is much sounder and
safer Than in 1887 This is believed TO be the with
lhr Banks in this city
Besides this the excess Of importanns the past year
is much less and consequently Indebtedness abroad
much less, than at the previous suspension Our mer
chants have not hand the immense quantity of
surplus goods they had nj that period which they
los, nv the great fall Of prices, neither is The reduction
Of nrices on The goods they have hand great as in
1897.
Our surplus products at the present period, are not
as high as they were in 1887 Al that time, III those
PRODUCTS the prices of every thing were low, whilst al
home The prices of every thing were high; consequently,
our products were without market A, the present
time precisely the tIue whilst at home prices
are greatly reduced abroad they are increased ana most
Of our exports find ready sale.
The land specua,ions, and other schemes equally
Wild which increased the disasters OF 1857. ~er" to a
great extent broken up with the events ot That year
Their eftcs ye, 'elt bot compared with maj PERIOD
they enter slightly INFO The OF the existing em
barrassmens
But what is more than oil in favor Of the present pc
rod and which affords substantial basis for resImp
ton il The abundance Of our crops u s estimated 10
New York PAPER that the market OF that city alone can
furnish for Eureipn shipment and consumption seven
thousand barrels OF hnu day; surprising the canals
10 be continued open for forty days longer 3Ou QUO bar
rels Of -four, equal on the Other side including e'gh
md charges 10 nearly three millions of dollars Ia The
mean time, Philadelphia. Baltimore and Richmond. are
s,reny hpnng themselves and increasing their ability 10
pay collectively, probably 10 an equal amount If the
article
Here six millions Of foreign debt provided for
in the article Of -four alone In addition To hs, there
are great siap-s Of cotton obacco and icr besides
the great variety of olh" articles which find their way
10 foreign market With all these going briskly for
ward foreign exchange cannot continue long against us
necessity sor the expnriann 81 specie will cease,
and banks b. enabled 10 return with the utmost ease.
To what law honor and public good lmperr"usy demand
of them the redemption of their ISSUES with gold and ell
yer There other considerations which should urge
them to this step, 10 which We shall auGe hereafter.
Bat. Post.