Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-14

faiaya are the only three, OF sixteen, whose paper
is received with any degree of confidence The others
are in fair way 10 be BMdei-ed and their fate cannot
be much longer deferred.
1t is said that some Of the accounts in the books Of
the State Bank have not been posted up for five years
This Institution has hitherto been regarded as one Oh
the most solid in New Orleans.
You may have noticed statement some days ngo,
that some bushels Of notes of the Bank of LOUISIANA
were received in Vioksburg by the agents OF New
Orleans houses, TO be thrown into circulation IN thnt
vicinity. Was this mistake the part of the edit
tor, or tho fact accounted for by the late dsclo-
sures, Have the clerks transmitted their plumber to
Mississippi The Bank of Louisiana began not long
since 10 redeem her circulation, but she now refuses 10
pay her notes, Ike the other miserable concerns.
The receipts of cotton at this port will reach the
highest estimate, or 100000 bues Since the credit of
the large houses has partially recovered from the shock
produced by the explosion of the United States Bank,
their cotton operations have been pushed with IN
creased energy, and prices have advanced to ~ q
Is cents "fair" III. The season continues fine
for the growing crops-the heavy rains during the
spring retarded the growth of the sugar cane on wet
soil, but the late dry, warm and sunny weather IS re-
rievng il rapidly The reports from every part OF the
country represent the cotton 10 be in most promising
condition, and the quantity planted greater than IN any
former season. in three months from this, new cotton
will be making its appearance, and should the season
continue favorable, of which there IS every prospect
the decrease in the present crop will not be felt oy Inc
trade in Europe before the cotton begins to pour
in upon them Since the breaking up Of the banking
and fictitious credit system, and all its deluslve specu
lations the planters find that the cultivation of the
soil is the surest way TO comfort and wealth. THIS mas
caused increased cultivation, domestic economy, and
industry which Will increase the products of agr'cul
ture to extent particularly IN cotton, that oul ie"
have an idea of.
The superabundancc of ships that have been in the
Southern ports all this season, have kept freight unu-
sualy low. At present, cotton can be shipped to
Liverpool at 3 and 10 1avre, at cent Had The same
extent of tonnage been in the ports last year. as has
been this the rate of freight would not likely have
been at any time over !.
Exchange on New York is in demand at Al pre-
MUM for bills sixty days sight, and seven for checks
This arises from the unwarrantable issues of our
Ranks. by which they have increased their liabilities
since their October statement, fifty per cent, while
their specie has diminished, by their own showing !;
but many doubt their retarn of SPECIE and if we TO
Judge from recent developments, there is no reliance
10 be placed in their statements.
The Restrictive SYsTRa.-We look upon the al
tempt which is making in Great Britain, to procure
revision of the tariff laws one of the most important
political movements of the age. II is reform that
conempates benefits whose effects would not be con-
fined 10 any single nation any period of time. Should
il be successful, would be the beginning of grand
and universal scheme Of commercial emancipation
Let Engand-that nation extensive in her relations
and so powerful in her inhuences-et England adopt
more liberal policy, and il would remove the only ohsa
ces now in the way Of complete freedom OF indus
try throughout the globe II is the apparent nnwil.
lngness of nations 10 recprocate the advantages oil
mutual trade that has kept back this desirable reform
lon. The standing argument Of the friends of eycln-
siyeness-heir defence under all assaults their shelter
in every energency-has been, that nation cannot
pursue free system until all others do, in other
words that restriction is 10 be met by restriction. Ii
is lmsy pretence, but such as it is has answered
the purposes of those who have used it, for many
turies.
The habit Of combining trade by the invisible but po
tent chains of law, has been wherever it has
prevailed. In England, more dependent than other
nations in the extent of its commercial intercourse 1t
may be said TO have operated as scourge The most
terrible infections of natural evil, storms famine and
pesence, have not produced equal amount Of sul
iering Indeed il has combined the characteristics Of
the worst Of those evils. 1t has devastated like the
storm, the busy hives Of induslry-t has exhausted
like famine the life and vital principle OF trade and,
like the pescncc has walked in the darkness and
wasted at MONDAY. When we read of thousands oil
miserable wreiches, in all the cities and towns OF
great nation, hudded together like many swine in
pen, in rags squaor, and want without work, bread,
or hope, dragging out from day 10 day, by begging, OF
the petty articles Of theft, al existence which is
worthless and burden and when, at the same time,
we sec i system of laws, that has carefully drawn
band of iron around every mode Of human exertlon,
which with ynx.cyed and omnscent vigilance, has
dragged every product Of industry from IFS retreat, 10
become the subject of tax, can we fail in ascrbing
the effect TO its cause suppress the uerance OF
indignation al policy SO heartess and destructive,
Yet, this is the very policy that a certain class Of
politicians in this country would have US initiate MIS-
led by the selfish and paltry arguments of British
Statesmen, but unawed by the terrible experience Of
the British people, they would fasten upon system
whose only recommendation, in its hest form, is that
cnrichcs few, the cost of the lives and happiness
of many. They would assist constructor IN wrap I
ping his folds around Ms, until our industry shall be
completely placed in lis power.
i, is singular spectacle which is thus presented 10
the eyes Of the civilized world. While the tendency
Of opinion under Aristocrac Monarchy, is towards
the loose ming OF the restraints under which the labor
of the people has long suffered, large and powerful
party in nation, whose theory Of government is near
~ century n advance Of the world, is clamorlng for
their continuance and confirmation. Monarchical
England is struggling 10 break the chain that an un-
wise legislation has forged for the limbs ots trade; but
Democratic America is urged to put on The letters
which older but less liberal nations throwing OIL
The nations of Europe seeking 10 extend their
commercial relations to expand the sphere OF their Inu
ual intercourse 10 enlarge the market for the VARIOUS
products of their soil and skill, while the 'model re-
public Of the world is contemplating revival oil
the silly and odous policy of semi nrbarous age.
". y. Z. Post
THE EXTRA SESSION.
The Gazette thinks National Bunk viii Ge cnarter-
ed at the Extra session, without any doubt. Tins de-
pends upon the result of the elections in seven or eight
States not heard from, who have the power II they
choose exercise it, to the country from SO great