Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-21

,u,rhsandinx our own strong and clear convictions
BAT hse, Of National Bank we do not mean to commit
or the WING party, the question There
10 Bank established at present. Certainly without ven
tn ", a. from the North and the West. for the
Sdia opinion, that We have brought aud snail e"ha
F>S sinc the subject before our readers. i, ~
y a a. ,hi. motive as fresh hint TO the Demo
W. II Virginia to speak out. Let the OPINION,
e:b the Government paper wishes to elicit. DC du,y
'i,b,1oushy expressed. Let the reope o. .ne via
sn,,;,n speak out in voice not 10 De m'staSen-
p,sf Rome must fall, let US show 'that We are
,nnoceu,. , 40. ,,.n NO have met with
sus ,hoss interesting money articles, which enrich
Sns " ,,r,ns Of the n York Herald-and as the one
~ ~ fires into the whole covey distribution, Ma
WV, Rank. &c, &C., we determine to make that
L "a, 81 our own article, whch Is 30 well ehtiIieo 10
:. ,be head Here it is;
u" ~ r-ospect for the payment of the interest due
~ ~ The three States of Pennsylvania, Illinois and
~ : sufficiently doubtful. Mississippi and Flo
!aa, course cannot pay. In Pennsylvania some of
hns Of the interior, have accepted the provisions
:; The Relief Bill and already issued the small notes
b il ,u,horises The city banks have not accepted
w." n,obsbly will not; the Bank Of Phladelp hia has
20. .,s6 i decidedly late law ofthe Legislature has
s,,,sd loan Of $950,000, to meet accruing liab'-
'ss This if procured on favorable terms will be
,,re than sufficient to meet the principal OF the
=, falling due in June For the sem'annuai inter-
- $500 900, no provision appears to have been made,
except the TAX 0' last cay "e
perhaps -, 49, ...u.,;,
$50 e,,ra session of Congress, ard the dominant
,,y beg,n already 10 dread the results One OF the
5;,r measures of the party,a National BANK, is al
...5s Exceeding civ unpopular, and each day becoming
'' s, st,empt was made in the Legislature OF
~ S,,.e 10 oct 10 instructions to the members OF
r,e.s N vote for National Bank, but 1t was found
80, only small portion of the Wing members were IN
;yor Of Bank the project was therefore 1e'nqu'sh
firm N nf.
a The public at large are cons'neeu' from 's.e.
,nta.s in the old National Bank, that such an snsst-
m, t5> b,s, ,ray 10 attain he desiderotum Of
There IS feverish anxiety the part of the specu-
,s m and holders of State stocks for the action OF
,ress upon the question Of the public LANDS, IN Inc
b,, the proceeds will become part Of their plum
d The very anxiety evinced for relief in this nature
n-oof of the hopelessness Of trying to obtain the
.,nds from any other quarter. The States are IN
d,ubedy rich enough in agricultural productions 10
nav their debts and they would be perfectly wiling 20
= "a provided those products could be made available
:. ,bs, nurposs The state of the whole country is
,pch however that more surplus crops can be DIS
,osed 0. by the inhabitants of any section, than
will suffice TO pay for the necessary articles OF manu-
..c,ure and of foreign produce which ne consumes
n wear The State Of Illinois is instance OF
ms She has a population of 100000 inhabitants
and debt bearing annual interest OF S93o,OOO-
Her politicians and spectators say this IS small sum
the property of the State is valued at Sl0O,O0O,ooo
Tn, assertion is repeated in all the States GoFernor
Seward Rugges, Holey, and all the v'sionares' say
the property of n York is worth 81, ooo'ooo'ooo. Al
owins j, 10 be true, in what possible way can it be
made available pay the States debts What is the
value TO the Spanish bondhoders Of all the property
Of SPAN. They cannot get at it. The property in NJ
York Illinois, or any other State can avail nothing to
the public creditors If the citizens are TO pay taxes
J, must no, be IN proportion to the nominal value OF
their land but in proportion to the profits of their bust
ness The public domain of the u S. is valued at
81 OOO,OOO0 600. The yearly income $3,0OO,O0O Sup.
pose tax of one half of one per cent. were levied
upon the whole amount, it would reach So,Ooooo OF
nearly double the receipts, and the tax could not be
paid This is clear The products of the State of IL
lnols are az follows:
AcalcuLruRAL SrArr,rIcs or ILLrsois. -,