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

TIE GREAT REGULATOR,
Every account that reaches u. from all the So,,
towns, snd without distinction # parties goes In c IN
our original impress ons about The Phrllt, lpha p,s
me u SIT IS IN very bad odour To the North anI
Philadelphia seli--anh The general nninion is ~ N
has been most wreched!y conducted The prs.a 3' u
state Of lis stock, is suicen, proof Of the wan,
iilence in its management Should i, ever MAXI -
exhibit of lis situation, 10 the Auditor General nj ~
syl"nna, shall be able to iudy. Of The e,,e,, TO
ma-adnnuist atioa--At present. We can ruly ma -
arrangement by the Shifts 70 which il lss result,
by Tic runors which are afoat We unG,rs,aut ,,,
gentlemen, who have recently returned rom tho ,'
that II is said to be- IN dpplorable condition Il. -"
Sumption within any assgnable period spems IN 10 "
of the question !, IS said to have near 10 m;iar s
10 il III the West aud Sox,h west; hy Banks ,cj 49,
dua!s-Ot tins near million is sa to be due In Nol
and Of Ibis, one distinguished gentleman in ib,, ~
in for more than half million and STAGE h. ta..i
his heirs threaten 10 plead Usury. '
II has made some heavy advances 10 prIic Rat
The last New Yorker drscants upon the advances III
it had made son Cotton consigned 10 ,>icua.ed ho
in Liverpool, and funds there sufc;rnr 10 rrorc: s.,
sacrice, 10y which the Bank stood forth The cbamrl,
Of Cotton for nearly two years
The Bank has also assumed the charnonshi, IS ,t
great cause Of Internal improvement, throngarn, ,r
counry-a formidable undertaking thsvi even ,b
uphclding Of Cotton. The bank has brta rrner,rra
gn'iat"r o State loans in Europe and has taken n,,
lis account, especially those Of P.nnsy Ivan,
has alsn advanced States and Companies hos. wo.
likely TO stop for want OF funds; FIR instance ~
S,onngton Railroad, Connecticut, s.t be 10 4sy.o
for million Of dollars"
II has made heavy loans on Tie faith Of Sat. 6,
curicS-We have heard the stock or various 4. ,r,,
tons which i, held estimated q, Is miliors-bui oyG
10 the enormous and unprecedented amount uf s;.c,:
which have been thrown into the London MARIE, h..
stocks have deprecated; indeed almost en'i,ely ~.
available, IN The midst VI her necessities As N,
New Yorker slntes, The Bank has millions of t1-,
Stocks on her hands and millions more pledged Ia L..
Is security for advances Money is IN demand ever
where and Stocks drug; she c1nno sell them Sc
cann, be allowed even to teposlc Item as co!ae,al
and h"rrCw or draw upon them; nobody IS abe or wal
ling 10 lend. Meantime, EngIani with this cnrn,,v
largely IN her debt has suffered ihe srnn failure al ana
crop. and IS the brink of losing another Corlinen
'a Europe is draning her of Gold payne ut Of bread
She is impoverished, and on the bliuk 81 Suspension
She presses urgently upon this country her tpbio, -
This demand comes upon US al a when our err
teHcy, from internal causes is in the process u con-
faction, and when hardly recovered from s..
commercial conguIston The effect is readily sen
there IS pressure, decline OF prices add no splIn.
Stocks. The Mammoth Bank, pressed by the course a.
events each side Of the Atlantic and unable 10 av4
itself Of lis securities is forced 10 a suspension
1t is this vast amount OF stocks Of all sorts, which Ne
have already sold in Europe, thet constitutes lie M >
serious part OF present embGrrassmruts The Stale,
have in debt for internal improvemeris-as well as
some of them, for banking purposes. The amount il.
indeed cnormous-and BESIDES large portion OF the
stock oil the Bank OF The United States is ll.r owned
by foreign capitalists The New York Herald gives,
rapid sketch Of these operations, and the suh,rrass
nens in which they involve not only the Bank os the
United States but each State, and The whole cOUatry al
large:
.The stock Of the T. Bank h7s hitherto been ~
familiar the capitalist of England have cnn-o's; tie
high reputation acquired hy the Bank under In gqd
ance Of Mr. BitdIe has rendered it arofte iGyesIuys
for most Of those who wish 10 make the most Of .n!l
capital Therefore large amount OF It's stocks Lrl
on unGisluTbed family investments This is a class Il
persons Of all others the most trId and whose motion,
are most likely to create panic in stocks What a.,7
have already been the effect OF the protes, Of her bis
left to conjecture only private letters state that cf-'>
the stock made a, about equal 10 20 cts on th t
lar without gales; but The arrival oul Of the Liverpool
carving lhe Of her explosion here. breasa,
down with her the banks Of the whole South while the
New York institutions ha been scarcely uii~G hy tie
TALL il is easy 10 conceive that the credit 0 The
rise as the other falls and may look for eXcIt,iar
which will drive back upon US nearly all the Amst'rla
securities floating in Europe throw them the Cna
inent for sale al runous prices. Discriminating cas,.
aists will doubtless make distinction in favor o those
States the banks Of which maintain specie payment,
and show disposition 10 curtaIl their plans, a.:
provide means for the payment Of the interest On t:
loans already negotiated, In any event, the sums -
pended on the works Of The several States, unEt:t
I'd, and Of which have been stopped. vii be lost
(.Not 50, chOpsJ
1.-The following is table ofthe amount Of stocks issued