Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-12-04
POLITICAL.
LENDERS BORROWING

twelve and eighteen months loans being made
with view to the resumption of specie payments in
January or February next.
We have heard from source which is considered
entitled to credit, that the local Banks of the CITY oil
Philadelphia have, in form and for the same OBJ
lrct, agreed to accommodate the Thrty-hye Million
Bank-from which Mr.. Bddle retired, leaving it, as ne
said Sin high state of prosperity and at peace with
all the world'-with six millions for the same purpose
1t reported too, that this latter institution has conf
menced suit for over half million against its late
President which ii claims he received as the profits OF
some cotton speculation, and has not accounted Tor
whereas it is also claimed that in another similar cot
ton speculation, in which the profits came IN minus
The invested eight hundred thousand dollars,
Mr. l'idde fully accounted for, and saddled upon the
.1sttuton--ThA suit is, therefore, predicnted upon
the supposed applicability Of the old proVero 'a.
is 4 poor rule that will not work both ways win
this snit the public has nothing TO do. 1t is mere
private concern and only mentioned that our read
crs may be informed that it is private matter not TO
be too much talked about even il the rurnor should
prove well founded The great loans, however, the
double loan from Boston, New York and Company, and
from the Philadelphia Banks, is quite another affair
The Bostonan portion of the affair." at any rate gives
rise 10 various Wing spcculalions and comments
The Editor of the Boston Courier says that ION the
face Of the transaction there certainly an appearance
fcisregard to the interests Of this he BOSTON, business
community, which every independent man must JON
with him in reprobatng, al least till the public are oet'
which have led TO such an extraordinary measure.
We suppose, with contemporary OF the Courier,
tina, il may cripple Boston trade for time, ana may
result he suspects, in transferring most Of me ca
pitn of their merchants and small dealers TO fhla-
dpphia and may foster, not little, the trade OF those
sshrewd men who deal in post notes. Such fancy Socks
rs the brokers term them But what of that: sesuinp-
ton The order Of the day. and the way OF coming
to BY cur,ailment of their circulation is tedious
very tedious process, when 1t is at all ieasib!r
4. hnD cd Ihf
trouble of having few pnstnotes, to be shaved ut the
rate of ten fifteen per cent. son Change IS compa-
ratiyely triing, hardly object worth calling hard
names about. "There may lie wisdom in The measure
after all VS. the Editor Of the Courier, thereby show
ny that lie has some doubts about the propriety of
wholesale condemnation. Now, in reference to this
subject we ad Use all Wing friends to wait patient
ly and see what lime will bring forth, without being
loo proi,sc in their censurcs it BEST probably, to
exercise ssrenerous confidence IN reference 10 The
operations of these bankers and not demand an ey-
posture 10 "the public eye Of the secret of each
new move. Credit, more particularly the thing thus
called in the nomenclature of spectators and wing
politicians, is most delicate subject 10 be med
died with The breath of scrutiny should never
be allowed 10 visit lis operations too roughly, es
oecially when they emanate from the head-Guar-
crs of all wisdom in financial concerns, the mar6ie
paIacc itself We, if good Wings would DC slow to
call fo7 any which led 10 thus S'eNtTaordinasy
measure" But if Wing and Yankee too, censuTe
would have been the very last thing to be thought OIL
What Yankee, whose special privilege II IS to be
guessing 10 think of reprobang the transaction mill
better informed about H. This is the oldest conceit
we have fallen foul Of for many day. why, ON,
knowledge Of Yankee propenslt;es has all been picNea
m ne il were BIZ accident. We are hundred years
behind a Thoroughbred Yankee at guessing; yet we
ran guess a dozen good Wing reasons to Justify The
"eu,oord;narp measure 49, -
Isl. We guess the Pennsylvania Bank Of the United
Sa,Ss could not without the loan, ana we
guess they could not make 1t IN Europe or, u .hey
could we ruess they would not have asked 1t from
New York and Boston, and her little sister banks near
home This is enough. Now to the PROOF,
such as ought satisfy the generous confidence oil al
good Wings. The Federal party are 10 come ihl"
rover under the flag of "Heir stan1ard.bedrer, on
rh.ch - lcrhly inscribed Harrison and RFroGM. The
election which has Just been held has lett 10 he yet
contaminated Ike great work indicated BY the latter word
If the nscrption-whch means, among "lher th,neS'
that the alcyon days Of paper money and great deos
are TO be revived and the days oil the sub
an enlarged specie basis to the paper crcua'on are
to he ended. 49, /,
To c,rry out this scheme, upon which IS suspenoea
the homes of National Bank well as the hope oil
redeeming their political pledges much depends upon
the pretended sklliul management OF the last tso can
ed but nisnained) national institution. !N"w' tMou'o
he inter annihilaon all these hopes, to permit the
old and lauded to he anGed over 10 rus-
tees and master in chancery, and exposed 10 'ie
tic enc as the mo- mIsnanaged ana Fotlen % the WHY
progeny Such course would nave eSh'o''e' gi'''
lS IN the part of the Federal pary when the proven
,; NO.. ,oss,hlc hnain: there is still another view In
II. ,osen of Tic matter. The 80 millions ot It's slock
has L.en at twcntycght per cent above par unocr It's
present charter and with new chafer ior ~ !eais
yv;nr II the public treasure 10 90 business upon, le
s,nck would doubtless, IN short f, win inc au VI 'e
usbrerd E,ueu deaier'' command like premium max
,ho siock alone nomnaliy) worth forty millions
;ht hundred thousand dollars Surprising ihat tiiIs
IN ,,b;cb would prove dead loss but Tor rPcharcr
can be realized By keeping mp appearances anu p.''"
;nr one is it not worth struggling lot nahh'' w.
ca - nav y bonus To prevent explosion, and In keel
., tho establishment till the next fighteen moh,hs
Lrnns into power the newly elected HARRISON ana nc
firm conprrss? What other object do our IFienus 81
,ose Induced Mr.. JAuDoS 10 borrow I"r tie Da',N ~ M
Ono =, biuhcr rate OF interest than the rate II re
e. ,,,ns made at home-to borrow al IL Tor the
n ~ whom Il was looming to Pennsylvania al SIX pei
cent per annum, For our part, we pronounce any
Whir Editor who questions the movement lsas'l'e
and executing always the Independents eai'o' t'1 'e"
vi, Harald out of gear, and wanting IN hoeiity &c
The interior objects of his party We canton theH
n, bs civil if they do not mean to be 1onnd' IN Tess
,b,, two wears knocking for admission ,n'" VIZ
democratic party. 1t is destruction 10 me s'heiss
of your friends, and next thing 70 Po'.'esa -
n find fault, or even to lack full commence ~
Tho propriety of all snch movements, ana Vas'l,
| wore so TO carp about them. Do not all lis "oPes "
success depend upon secrcsy: Ana u 'ney 10 nv,
it not true that exposure only TENDS 10
wre-workers; TO make some ttmie ana S"sp1'No"I'
make others extravagant in their demands upon then
reveren,lv supposing that some hall dozen vole;
NAV be wanting in some future time to consumihas
the plan. MAY il not tend greatly 10 eng,en so''
rnture tapc ,eorm road some PROJECT OF ke
in embryo and ready leap forth from the ,s ao
brain of future stevens' 1t Is dec,oeay oaa po na
c Federal editors to question this business, 10 say no
,b;nr of lis effects upon the prices of the sock[aec'
dedly bad or else we are good at G0Oe
| RESUMPTION OF CASH PAYMENTS AND THE bAAA
OF THE L. :. :. H.:
TIE .ord;,;on of this institution, it cannot be dis
r,;ssd continues to be source Of much anxiety a
home and abroad 1t quite probable that int Rnnt
have been better for Pennsy wanna mao o .'e .nn,
re ss isedt charter and being identified as she
Is, with American securities and Pennsylvania ere
dit, her and prospects possess the deepest IN
,erest for every business man in the community
There There are some facts connected with this instta
on which have not yet been submitted to the PdI
lie. For example, the resignation OF MI b'au ~.
80 ~ ,L,ndar clan upon the directors IL Wa