Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-18
FDR EEGN.
LSJ'R ACTS

must limit ourselves 10 tie following HlObL
and relevant passages:
at sscerianed that .ths present crop of Great
Britain is short The rains which frequently IN
ernpted and injured The har7es, in The more southern
coustes have lately been ncessant, aud are thought 10
bsye destroyed least half Of the crop 10 the north
prn portion of the United Kingdom have been in
30 counties Of England. and ! have come 10 this con
clnsion both from personal observation and the opinions
Of those in whose judgment had confidence About
the 4ct then have no doubt. The price Of corn mus,
consequently, be sufficiently high 10 invite the mpor
ation Of foreign grain Every one knows that the cody
on foreign grain 10 varying one, and iaing as ihe
price rises il becomes merely nominal about cents
bushel, when the average price throughout the King
dom amounts To 10 shilngs per quarter, which IS rqui-
vaent 10 81 10 per bushe Il must. however, be borne
in mind that this refers to the imperial bushe which IS
about 32d part near per cent more than the cid
Winchester bushel, which is The bushe Of The United
States The average price, when we lett Liverpool,
70s Sd per quarter, and as the market had been
gradually rising 10 this point It seemed not improbable
il would yet higher Yet, il would be hazardous
present, make purchases shipments founded on
the expectation OF such Use even on The continuance
Of the present prices II has bran strongly in some OF
the public journals recommended 10 the English lar.
send their worst wheat FIRST, Tor the purpose
of reducing the general average by which the duty will
be propnronIlly enhanced and The profits otimPortaon
be IN The degree diminished Should This recon-
mendauon be extensively adopted, IL will for Tine,
produce intended effect ot essening II not OF pre-
venting foreign competition for months But III
the degree that this selfish policy lowers the ave-
rage price .rst il must afterwards when only
the better QUALITIES of wheat remain 10 be sent 10 market
that lis only effect u he to raise The price next year
much as il is depressed IN this. Our grain growers
then if they prudent, pretty of getting
good price for their -four and That happily both for
themselves and England hiot they have made good
crop. receive compensation tor the segera! bad
harvests they have experienced Of late years
The probable state Of Foreign Exchange is also Likely
make small further advance the prices oil export
able brpadsiutfs The bills Of the Bank OF the United
Stafes drnlyn IN
Hoiiinguers. 10 The amount OF nrarly OOO livrss
than million and quarter OF dollars, were re-
fused acceptance II is understood that these bills
drawn the credit OF American stocks and securities
remiItrd By The Bank and for which there no longer
being any sale, (he Eur"rean market being gutted with
h"m The Bankers did not fnd It safe or convenient 10
make so large an advance.
The d:shonor Of these bil!s by the Messrs Ho,n
guers gave great shock 10 American credit 10 Europe
aud il was even said ha, The Government Treasury
Mites like common shin. plasers we're offered IN Lon
don at discount Of 90 per cent do not believe this
report; bu, that should have obtained any currency
Whatever evidence Of The great temporary Inu
nv done national credit II was currently report.
I'd that RoshschLs had made an arrangement with hlr.
ia un take these bs and II Is certain, thai as 10
portion of those which Ind been RENTED to them,
those Bankers By nmiling 10 have them protested for
non.accepance, gsds themselves responsible; but It IS
also that poron of these have been returned p;o
tested and are now m board this ship
"l.lr Name question s still unsettled and fear 10
likely to renorn go Tor some time Candid Englshmen
have admitted 10 me- that The letter OF the Treaty of
l7c3 is wih Us hut they say that Great Britain could
b supposed have consented 10 that boundary which
you'd hnvr allowed trrpgn country 10 intervene be-
tween rrr provinces III New Brunswick and Lower Ca
NADIA the equity Of To- case, growing out u the!! gno
rance nj the facts with hem But this plea however
II may furnish ground for further negotiation and
treaty dors the principles of international law vir
tual!y csde the present gronnd OF controversy Though
oeliryr that the British Government has stronger
grnund occupy this contest, apprrhend il w act
hnush i, had and postpone decision that will
probably he against them Tie present ministry are
supported by small ma orIty, and they pow
fruy assai'ed by their old opponents with her
that they will not risk by The loss OF The disputed
tIrtury. giving to their enemies point Of attack.
The English people were nrVsr n;ure sensible OF the
value Of our commercial intercourse with them than
present and they already 10 have forgotten The ct
fervescence 10 which the Maine question gave occasion
in Congress. | had striking pronf of this friendly
feeling at The meeting Of the British Association in Blr
mlngham a great public dinner, the speech Of the
American Minister, on his henilh being drunk, was
y, c0nPi with the most cordial greetings, was accom-
panied by oud and frequent cheering, and followed 10y
thr most deaIening applause. Your townsman seemed
IL be quite much al home as il he had been addressing
mrs IN the !uslIngs Lonr
f:rrce well warranted; FOR. 10 say The truth though
t uhrr speakers spoke sensby and unatfPctedy there
was lul of them tho was giited with any power OF
defamation or grace uf eiocutIon. MIR Stevenson, IN
deed, acquitted himself very well and was universally
admitted have made the best speech OF them all On
HIS subject canDnt iGrbrar 10 mention what mas long
been .b;ions 10 all persons OF either experience or re-
l-criun The made pGary 81 The salaries paid 10 our Mi
nisr, - abroad Ia 10 ih"ee sent eher 10 London
or ia:is The niggardiy spirit o. our Government IN
this matter, in every Engishmans mouth; and every
American Minister sent 10 The Court OF ST. james,
must T ne is rich be h-cted 10 course OF eco
ror!ca shifts and eIpedenis and numerous other NOR
tfcatinas which tn policy OF the nalI'n no less than
its dignity, ought rot 10 permit his t'Ee' when ought
to be devoted 10 Gpnmacy, taken up IN exercising the
functiuas Of a fnancifr We seem TO require in our
Ministers all he attributes Of the chameleon and 10 cx
psct not only they sha!l wear gay livery, which they
uis, change uh the hues OF all they approach,
but also be able 10 live on air II IS, however but JUS
tee 10 Mr. say, that, inadequate 10 his compen.
satin when lie does entertain, he does very hand
somrly
money cnnfeusedly unusually in England,
and he Bank in consequence Of the extraordinary
duc,inn of its cash has been induced TO credit
with ihr Bank n France 10 The amount OF two millions
sterling Should this credit be used, while The eS2cci
ni may m,aa,p the ev,! tor the time il may aggrnvate
j; afterwards; and should the Bank "t France want rs
money before exchange on England has taken tavora.
Die and mnch gold De seat out OF Inc Kingdom Tor
corn il The opinion of some OF their best informed
men, that the Bank OF tngiana must suspend CASH Py
nienis
"Thpre is another circumstance hich may affect The
specie marx ct both in Eren and the l }, England
annually receives from incia about three millions sterling
hy way OF tribute and on account OF rem'it:nces made
from the savings nf individuals and The States. She
purchases teas and other goods of China 10 about The
same amount BY means OF opium which though pro.
hibsG in Chna. The English and Americans have Tor
many years found difficulty in smuggling into that
country the several debts which India owed England,
England and The u owed to China. and CHM 10 india,
haze discharged without the intervention Of the pre-
cous If the Chinese Government are determined
To put stop 10 this Illicit trade, as some affect TO
doubt, bot which their late vigorous measures seem
10 prove The tr~re in teas which habit has made
a necessary Of ME- must be- carried on ns formerly,
with do ars and further increase The rise they have
already experienced from The falling of in HE pro
ducs Of the can mines for the last thirty years
The srea, Of paper currency 10 Europe and
America during The present century. has tended TO con
cea! this faci from the world-bni The effect ri he lie
ducon Ill he the create. for having BEEN RETARDED
lodia nav time find Substitute :n opium adapt
ed In the Chinese narkeiand il IS SAID she IS now cui