Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-29
Correspondence efthe .Ne'o York 7t"fs.

Correspondence Of The Ne'o York ltmfS. On
,,~o ,,,,,ors oo q crea, deal TOO quick across
,h Atlantic Events don't al all keep pace WIN Ne.''
and begin repen, my bo'dness IN
eyeynu news often am aware oil "o,'l''s 10 ,n,
e. since last wrote, remarkable Gs iir 9fsa' ''' ~,
IL, with which we have lately been hiilc'ca W
among the Dukes and Lords Inc grea' ire'Zi I =,
ne SHIRT week h ,hied The lra"bPrry leaves OF peu
ami h-ryr and The Bashave been roll NJ on M Io.o
st. Of Ear4 and Barons in regular hail storms lnaHi
however 10 The cunning contrivances OF our p"'ca'
upglers no loss ia sustained thereby, ins'snane"usy
new berry leaves supply The place OF 'h"se 'ha
have faded; new Balls Jump up on the places :" "ose
lin, have fallen uif and though death has Hiunpheo
over Peer the father Peer The son pops up ID hs pac
and LAUGHS al The vain labor Of III" sporr ne oea ii
The Duke o. Argyle. however, may be followed ny sHe
~ ;m,,or,anI ppli;ical Consequences He held the
hrkcs place in the royal house h"d-tda' oi i'gh
steward and various rumos are ai'n as I" VINO - " VI
his successor One has been set agoi"s ny ''' '"res'
T., the effect that Lord Melbourne is an1ous 10 nave
ord N.rmepby there his efficiency III the Rouse IS
no, win, more apparent than It was n The Conha'
Office aud Ia eve his present place to iI'rd lnrFeth -
M. really th,s would be most desirable arrangement,
so desirable indeed, thai irny believe IN spite OF
the onarer from hch il comes, thai there Is some ruin
in the report Tie only difficulty Is, no" 10 propose
such an ndlaniy to Lord Nnrmauby suppose u me
,rors, come 10 The worst. TINT Lord Melbourne VIII pay
him HE same trick he did Lord Glenelg, and which is
a veIy common Wing lrck-namely, 10 kick HIM OUT II
he won 30 Of his own accord
Lord Clarendon you will see by the papers, has &C
cepled The office Of Privy Seal, with seat in The Ca
hina If This appointment had been made at the pro-
per lime month" ago, should have expressed IN
onaG,d qualification nj il As is, fear that posi-.
HE . ,,Ir,u, srrnp hcninr The ministry IL may merely
dama,e himself The hrrs. however, are rather lock
inr a. AGAIN far and near. IN" hupry termination OF
Tie struggle SPAIN md The fall OF Ghn2n" and con
scqucnt triumph 81 IN ln6ia, cann"t TAI to
do them good They ore events which 90 mol cause.
a. the moment any very general excitement; but
somehow other. in the course OF time. they
work their way and produce their fruits The ni
nisrry. on tie other hand, hive been doing some
very foolish things in the why ot some OF their ap
COMMUNICATION instance, in that OF saunch wing
supporter, Admiral Fleming, 10 high naval snecure IN
Greenwich Hospital! You cannot conceive the labor.
ous!v malignant scrutiny which the Tory papers make
into all these matters The Times has fired about iii
teen leading articles al this unfortunate AdnIa! and nj
the Nhs Job Although . clever man, appears that he
has been IN action whereas, there are about three
duz u Of his senior officers hopping about wooden
lea who have pfior cIo:'5 their country All THIS s
very true aud makes rs Impression on the public The
Wings rn;s,anag- lhcir patronage most de loaby. In
these hints Of fury and equal power between contend
inc factions is all TO talk about strict Impair
tiay IN the beslowa Of place. But the Wings
only for their little clique Of personal friends and
relations The greater, and more influential section OF
their adberen,s get more Of the good things Ct this
world Than do their enemies Al the same lime tn hear
this vrluous cry Of promnlin according merit from
the mouths of the Tories, beyond endurance. In the
annals of inscriptions Pr"gacy. they have stood
prominent in former times as hey no" dofo disgusting
cant aud hypocrisy
CORRESPONDENCE cf Lh' " \ Courier l. enquirer.
LoNuox. Nor Isl. Ic,9
The state Of monetary and mercantile affairs has moi
altered r lie better, your preceding accounts by
IL. ,ra Western steam, ship nor the other hand,
has there het grsa, crash or OTHER un'""Td event
The continual depression and want OF confidence IN The
p:o poets o. general trrdS. prevails not IN "don alone.
but over the whole oi the manufacturing districts Of the
North Of England and though The payment Of the Oco
Der DIVIDENDS has had The effect of rendering money
plentiful on the Stock Exchange, yet the capitalists are
totally unwilling 10 part with their resources, unless On
the NEST unexcepOnEbe oil securities, ana "r'ery short
periods oi time.
a large portion or The dividends has been renves,ed
in the Three per Cent COnsols-and consequently al
the Of the funds and property IN the shares OF every
description, have remained unstmuated, By The addI
ton tie circulation which has been TO the amount Of
several millions at Bank OF England notes It's, bow
ever be Observed. that the payment al tie dividends
has gone of ilhou the unusual demand tn gold, winch
the Directors Of tie Bank OF England had been apple
henLng for ne before the payments commenced
nor has there been for days past so much alu.
sion m Tn. London ,unais, ard the Stock Exchange,
10 the officers Of the Bank of land and the probabl.
lily Of suspension Of paymen: in gold. But still the
bullion is exceedingly md Increasingly low.
The last official publication of The assets and Liabilities
giving the whole stock f. $50 UU0-which is not
more than IS in the pound on all the liabilities of the
Bank The foreign exchanges continue unlavoratle-
aud INCREASING expectation OF silver is weekly going
forward o Hamburg. 81. Petersburg and Amsier
and The Bank Of England al The tine has eYhauo,
~ nor UUO 900 with the Bank Of France
One Oh The directors Is now IN farS Tor The oil
negotiating renewal of this credit, and il even pro
posed To extend the amount o! credit 10 "a 900 O0
that however large may BE- The loss 10 The Bank OF Eng
land by these TRANSACTIONS il is clear that the directors
determined al least 10 keep open their doors and pay
in specie whist remains IN their 10 procure any
where The means Of overcoming the difficulties in which
The adjustment is deeply involved.
That the Bank can long conIinne 10 90 on in this
ner is not however, generally believed-for no resour
ces, ard no exprons sacrifices withstand the
sequences Of The deficiency of The harvest OF the pre-
year-and as the winter approaches The disus IN
the stability of the Bank Of England saImost in
The Northern joint stock bankers generally be-
eved u be DESTROYS U! bringing the Bank ui England
stand sii By paying III greater amount Of notes Than
the bullion which appears IN the official publication Vi
the assets-ur n distinct proposal io combination for
operation o: his sscciptiou has been circulated
amongst III" JON, stock bankets but this opposed
the ground lhG though il would he very easy 10 drain
the Whole Of tie bullion from the Bank q! England, gel
this would create great panic in The Country. and
would so derarae The whole state Of commercial affairs
appear 20 be imprudent operation al the present
time
The quarter whence this movement against the Bank
Of England principally feared by the Directors, is The
Bank Of Manchester Joint stock bank of great alh
end between which and the Bank Of England most ri
olenl feeling Of nnimosity has prevailed for long tme
past Tins Bank only refusing arrange for the
exclusive circulation Of Bank OF England notes. hut the
managers of against the whole instruction d
the Bank % England and The monopoly of The crcu!a
ton when this establishment so nnjuslly en Us. and
according 10 these gentlemen, '1essrs Drer * Sn.h
has always 50 much abused The position Of The Bank
Of England is therefore al this period OF very pre-
carnus descripon Suspension OF cash payments BEING
almost under any circumstances, and tlis beng
at ecpitacd by the operations oil the JOINT stock
banks
In American securities there is not the slightest rev.
val 10 report The prices, where sales have been forced
have been ruinnusly low shown by the transactions
of yesterday, and truly, when $40 GOO Of Pennsy lvania
have been disguised Of al 60 100 GOO Ohio six per
"a, and smaller amount. Sl0u00 Of the stock
this morning nj So The shares Of tie Bank of The
United States el9 l0s.-these being the only Anne
security for which market be said in reality
10 exist
Respecting the operations Of Mr. Jandon o which the
uSua Hood :" mlsrePrsrnati"ns and iahca"ns viii he
found ynnr files nf The London journals The following