Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-01-18
Resumption Of speei, p,,,n,.,,

me Gay Tor doing this, which, until il he don.
the country can hope for no relief. is we hone a,
hand A. last Friday, land we wish he wouid ~.
tener favor the public with his views on these sinh.
Jects' which so few understand but which sfec, ,Il
~ ueePV demonstrated in our judgment, the per
ee' safety with which the U. States Bank mich, re-
sumo (and has resumed) cash payments.
cary Sueet" IN this mornings paper, an su,bo.
fhy oi The greatest weight, establishes we tbink
'he same position in regard to the Banks Of Vir,;
na' North Carolina is waiting upon Vireinia-
Daunore says she is ready for a simultaneous move.
ment with Virginia (by the bye there is TING. .,
uniAirness towards the Virginia Banks, in the Raj.
tImore movement, Of which We NAV ,o,, $50
we nope 'hen that the Virginia Banks will 20
"ieau' IL there IS slight disposition TO shuttle in
'hoSe Of Baltimore, 1t will be terminated by Virginia
resumption. II afraid to lead, Baltimore will h.
comPeHed to follow. Is there not nervousness
about resumption which is not warranted b, mo-
liability and reason7 Who is going IN mai. 81.
run Not the community at large, who have moi.
ther the inclination, the motiye not the dsno,;
tors, Tor the same reason. The Baltimore b,ok.,,
may and probably will, just as they have been do.
ing always. Is resumption to be forever deferred
on iheIr account, or deferred for day7 Was there
ever ieSs reason IN the state Of exchanges or the
eesstes OF circulation, to fear their nvasioni We
kno" but little Of these matterB but so il would
pear TO us from the state Of circulation and the eY
changes. 1.-THE brokers are TO keep the vaults oek
ed up 1t seems to us that they will never be open
ed again, for the cause is strengthened by every
days delay We invite an attentive perusal o.
"Cary Street"
TO the Editors Of The WhiR.
Gentemen-As the Banks in PHILADELPHIA hovs
been compelled, by law, to resume specie p,vmso,.
and as II seems 70 be understood that the B,nks in
Baltimore arc willing also 70 resume simultaneously
with those IN Virginia, it may very properlv bs
asked-Why should there be any delay in this maj.
terl The present seems to be the proper time n,
action, as delay in place ofmaking resumption ear.
Tier, can only add 10 tho difficulties that NAV ro,,
crust The last years exports from Virqinia ve,s
unusually large 10 amount we'll as in value. and
seem 10 have produced a sum sufficient. not onlv =,
make the necessary payments for our imports. boi
20 addition, 40 far to have corrected previous ndebt
edness as 70 bring exchanges on Virginia, and on,
currency, almost up to the specie standard, the dC
ference being now only about per cent. In mi,
state Of things, and with the forthcoming crops vet n
pass through the market, il will be comparatively ca.
~ TO maintain specie payments; bot should resunp.
ton be delayed until future period, is not evident
that We should then have TO face a more unIsvorn
bio state Of exchange. and greater depreciation
N our currency arising from this very delav7-
The proceeds Of the years crops might then ale,
have been pretty much received and appropriated
The anticipation that the Banks in Philadelpb,
and Baltimore may not succeed in maintaining spe
CO payments. presents no sufficient indueement {,
postpone resumption, because for the present. an,
while they continue TO redeem their liabilities. fund
aecruing at those points, would lie readily taken i,
settlement Of any demands upon our Banks, Then
can be no serious difficulties in the wsy Of on
Banks 70 protect themselves against future dolin
queney, because II any such apprehension shout,
unfortunately exist, they can avoid aeeumulatin,
funds al doubtful points, or hold the parties from
which they arc taken subject to any loss that thar
might be IN retaining. Should the Baltimore an,
Virgiria Banks now resume promptly and stimuli
taneously, We shall at once, and without difficulty
have oil the sound Banks in the Atlantic States
from Maine to Gsorgin, specie paying bot il Their
should be any delay in this matter il will onIy be
come more and more difficult 70 accomplish thi
ds''rS6'e object. CARY STREET.