Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-12
III r.,.oo,on, 81 ,hnt institution. and skeuse th'

snd Management, Of hat institution. and @Seus' 'he
y ~ ,,I ,,rr,-v-f hoy drrr. twhufSa ''' ''.'%
.lI,, moss II /. nn.Fi.a IQ aptI"GG y, - - "F
i, ana ,hr wis has brought up"" tn. c""nrS
m L., every candid man read Tue nt'ic'e nr'"" 49,
,od,np ~ hip paper. Qhe Bust"n DAILY Adptf''-t'J
opd coined from that paper Inu The New ok AHf i'a
and then Judge of The e.clnneering 'aiseh""as ="
,b,s sebiec, with which the Evening journal drugs "
readers -.iitany Argus
From The Bos,o Daily Advertiser :" hie Pareh!
address II The PhdGdGph,1 b1nhs 10 "' e"' =
P.nn.l iranin
~. Address maintains IN. ground assumed in do
cumsnt whcl, published ~ The fhi'nusp"'" Pal's
snp. DAYS ago that The resumption o iast year was nh
a,.,Len ,oo soon This ground smaDIesty un'enablr
Ev.ry circumstance shows the contrary and IN The ins
conclusive manner The mailer IS pam, s'mpr' a"u
easy he understood IT. mat runs may fau- AM,
,h.ys can be no mistake. The whole country IN May
,,37 vas under an une xampfd impulse. Engagements
were So multiplied aud unua'rd that 'ttr Suspension
T IN. Banks generally vas as inevitable men, as 'ha
OF The Bank OF The U States was nov. Nothing couia
have prevented II The greatest defuS7"n hnd t1iSfed
thrauGhout HE country All at once flash tr"n, the
torch ri ,fuh d,sspa,rd the illus:onhe bubble burst
the whole crrdit Of the country prostraed, ana
all confidence ceased ;,
A new era commenced In the Few mnn,hs Tint fol
L,w.d Or, az change took place; old engagements were
loudaed 10 ,hs amount d hundreds ct n'll'"ns- 'r~
new e,,op,mpnts We created The nrr debt was paid
go far ss was avasbe-dnnestic debts also !" Sas'
am.un,-and the wh"le country was still Our BANKS
were collecting in their suspended paper
Tor The actual wants o! sound cus"ners-nuf CROPS 70
the amount nf seventy or eighty mi"''s were g"'hp
Ervatd-sperIr flowing in-and there was n" call i'f u
i, IN IN, Tnhing raS ptaiieer than M"t ms rms NE
fj,,, far . general Ttsnmpfi"a Tue BASK"f ThE >
rxrnrrp rs GREAT LrEScE To PREVENT IT ""a sue
tetd.a FIST Bui New York r'snin' o. ano '"s n"''h
-, ~ 4 ) f,il.~pd Mr. Bddle himself IN rt'er,
hirh has been recently in all the papers saito mat We
saw the way clear for earis resnnp'ioh anu shouu
aid it. c,. pL
Ia, nc l,nk o; a moment 10 the course oi th's BANK
If
Of thundrr II vas under tie genera oeIus""-'.''
usn..lv px,endrd-s circulation rapidly i'tirihg W
upon ,r-und wien il aldeu New f'Ik by us r"s' '"'es
md Bcnds-hs measure equally necessary iof us
own sar,y as il WAS for the merchants ol NJ" irR y
had great many millions IN IN" S"uih ana "es' rus
n-nd dit had nnuy millions in the Stale inpr"Tehf ms
ct Pennsylvania Il had a large amount "i G"nos ''r
N. stock ni lie old Gauk OF ire }. IL laa us UNI
Ions SUSPENDED in New York end PhiaoaiPh'a--'tse gu
e.p-m.n,s with Trust Companies. the Morris lana,
Railroads. md other unavailable securities sci hsei
To work to collect what il coud-and having o"Iio"eu
Urge amount ready 10 meet lis own iInHe ua'e en
ORG. m. MS Tun course thsn presented-"be was ~
d. NJ III. New York Banks did-t" keep ~''hn Tue u
n,s 81 srpcp basis by y h"h rot only Itself not Inc
Whale South and rst having iqndaed all Inc engage
rpnis WHICH could b. hqnidntf- ana s'"lpeo paying
their d. b. dur The North and Eas'-ano having large
c,cns gnirg forward with thu aid "i their Sthir b"ncs
could IS h -r>- hive resumed specie pay m1nis-such !"
the sus;erd,d dbs were good would have hePn gfa
duag coli. c'rc- urd III. losses mtt-hrd ny ptnarhcf
nd bout
al The Banks in rhr country, would have het Praonay
brought sound STATE 'h- hole Country Won "'r
pnnp u safely nj hs lime all would nave beeh W
. ."uid and H. nifty COZ dilI"n
Eut Tic B.nk f the United Stotes did MT do t"S u
uuh 49,, ,Iler c.ui> frae"r-c ihus- ht losses oi me
ban u,ns, b. IN m Use n ihr sai'ned tn ite
d.wn an ~ spi,d'r trs"nrc"s- he ehnk cannot SUI
r TIN: ID mus, another lHpu'sr-E'l Pcts up on
The rpr fu"tlns ,artrd cr'ii III ever! e'c'i"n ana
euahi. d"i"rs pay II. and. s The SAME ihr. MGR
G.rialiy ard ~ promoting HE pupic Improvements u
+, ms, itsria trG "l, states
ha, did IL to; IL h"uph, and advanced on The STOCKS
al t!,r States mud rhnse Nh'rh owl II m"ney-and
sent III, is agency IN London irr sale II lrht us
money and citnit 10 many banks endorsed lher
nos, noes, purchased and ndyaucrd on cotton en"r.
nous amounts, ord thus by not only extending Ms o"
merits absolutely Astounding. but by
sr,muin,trp hy iis xampe and nd, all the South and
ives, in ,hr same course it developed rapidly The ee.
nlenta at suphsr susprrsl n.
Tie natural Consequence has foi'oeed- accelerated
BIZ Scarcity Of money IN Englnnd-snd the Bank IL
PROSTATE Aner all this we ne gravrly told. that zee
resumed s9yn Canlie ro.slb- that the c''zsns at
| h inos lph,u CO nprch-ud all rhscan any hing
b. plaur: L., them lu'k fairly ., The u'Ii.r III -
can b. 10 m'sak- TIE COURSE OF The BANK
OF TIE L s, AND IT'S EXAMPLE. HAVE
BKOUGHT ON THIS SECOND CRISIS IT'S
NOT RE>UNtNG IN THE PROPER sens f. AND
IT'S EX, ENSION AND tXANrLE. HAI f DONE
THIS Ev,rv BODY out OF Phade!pla prrce,ves II =
MANY H. cimg persons who have no Interest IN the
Bank, hut tu wish well To II, CONSIDER us position very
Aiming. It's lss.s nusI b. very gita'; and when n
full exposition u lis affairs made, il will be found that
,iry are IN state which perhaps fv.n The Bruk itself
t. apr. herds al present lime hrirgs oil things 10
hight and even a short time may make dpvtlnpempns
witch will arr ih- opinions OF Pnilade ia aud brn g
.v.ry NJ - ftcting -'-"" there !" SCI That N'"
Ynrk IN snyIa,ulir E,sef kas cu'.r,d ,hr rrea'r.t
p s. h huvn n"r only Un The community al large, bat
on Philadelphia h. rse