Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-08
Correspondence Of The Louisianian.

LIVERPOOL. August :, 1889.
The important intelligence relative TO the complete
soppage Of The China trade, which arrived few hours
after The sailing Of the Liverpool steamship has made
our merchants quite wnrlike. The from Canton,
(of whch you doubtless ALREADY possession by d
rect adyces) rxle nds 10 pr 10 BY il we learn that The
Chinese Government has at length taken bold step
Tor The pre- Venlon OF the opium trade, by making the
British chants and III. representative Of the British
Government at Canton, Mr. Elliot. prisoners. Opium
it appears, 10 the amount Of E7OU 900 has been given
up. As the trade between this country and China
amounts to somewhere about sky millions OF dollars
annually including article which has become an in
Cispcnsabe Of ie-lea, you may form idea OF the
sensation which this astounding INTEL has created
The suhugulon Of the Chinese bnrbari n by planting
army the walls Of the Celestial empire or at The
least compelling him to cedc island the Chinese
coast protect commerce from future hazard and
annoyance subjects discussed with great
by mercantile men. There is probably no country in
the world which woud show the white feather
Oily when menaced The Chinese; but, truth to say,
England has al mi too much on her hands home
TO enable her government 10 direct lis attention to
question ni this magnitude. Iii question: however
In which American well as British merchants have
interest; ard 1t is in which both govern
mpnls could cecually operate without pr. JUDGE or
Injustice 10 hpr. Nothing will ever bring tie Chinese
authorities their but fur That unailing
lisman ought to be promptly and vigorously applied
But said before have many irons the fire
present fOu have no national debt 10 make up The
annual interest of which nearly brushes The vitality out
Of the people two three millions of Charsis able
bodied hard isad fellows, whose anger siarpened by
empty bellies ready an instant 10 rise nasse and
make government for themselves You have corn
lords possessing hereditary rghtto sarTe the people
in order to big rents Hou are young county,
with government admirably adapted 10 the wants and
wishes of the people, in which The aristocTecy of alpn,
natures arislocracy, only has lis GLAZING dyed
Nc an old country. encountered with debt and taxa.
uon incurred 10 support the ieuua distinctions Of bar
bafous age which have produced in the present day
state Of society SO unnatural and artificial, that
the Of gong to war among ourselves instead of being
in condition. to turn our arms against aggressurs-u
punish oppression or TO resent insult. mighty differ.
ence!
The Bunk Of England is carrying matters with high
hand II has raised The of interest for dlscounng
paper six per cent; aud simultaneous with this
nnuncement is trumpeted forth arrangement between
that establishment and the Bank Of France by which The
latter has agreed 10 discount the drafts n Mpssrs Barring
twho in this instance the recognized agents OF the
Bank Of Engand) 10 The extent of FIVE millions of dollars
This il is believed will operate hoagh had
ally received from France that amount in bullion, and
regulate the exchanges so as 10 prevent the drain for
gold, which has Caused 20 much alarm in The bank par
lour of lbreadneede street. We shall see. In the
meantime the of interest for discuunling the best
paper will not act very bpnehcialy for American inter-
ests either eide The Atlantic and the jealousy with
which The Bank OF England regards The joint banks
in this country, has been aggravated by the change
The facilities which the latter give to commercial inter
ests have long been eye 10 The Bank oil England
and every obstacle has been thrown 10 their way BY The
huge monopolsls who carry business under the cog
nonen of The Bank Of England The last bad harvest
and the consequent operation of laws have
duced The bullion in the Golfers Of the bank from thirty
Ave millions of dollars (Which possessed this period
last year, TO something below ten.
Chartst riots have taken place at Newcastle on TYNE
and al Stockport, since last yon bv The Lv-
erpoo 10 the latter town the people attempted carry
off quantity of arms which had been sent ron the
Tower Of London for the Of The militia They were
defeated in The attempt. The riot read by the
mayor in both towns and the people showed rery de-
ermined front 10 the military Happily lives we're
lost. The asslzes are now being held throughout Eng
land and numerous persons have been tried for offences
connected with Charsm Some Of the persons connected
with the recent riolng and burning at Birmingham,
mere tired the other day At Warwick and found guilty
They were sentenced 10 vurnus short terms of iInpr
sonment. This however, will not stop The ev-i will
only add fuel TO The flame The disease is too deep
rooted has taken firm hold of the social system 10
be arrested by such small beer efforts
4 Joint clock bank called the Phoenix stopped pav
ment here yesterday. II has excited grea, sensation
not so much from The consequences which its soppage
may involve as from the ntrequency of such an occur
renee, and The high character which banks Of that de-
scrpon bear. There is fearful regulation las far
as the shareholders concernPd) common TO them ALL
that every shareholder, matter how limited The
amount OF his shares, is liable for the engagements of
the concern to the last penny he worth This is an
excellent guarantee for The public.