Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-28

tho trnb is the great object, and not mere
on n marty views. II is time that the motto ou'
n,,ty right or wrong" was banished from our iessa
tive halls. ., ~. y. y,-oH ,,av 81
W h,ne rrceycd files of Texas papers. They con-
, no,bing interesting, except IN reference 10 te he
Ioon contracted with General Hamilton me u'Spos
ton of this loan is matter Of great deha.e - appear
Thai CONGRESS at It's last session resolved INA. ~ case
UnIton, success none of the loan should De toucnea
aYcent for Sl 600 for foreign missions, and ooo io
each of the Judges This was to cut on lhe custom
which had been established of using Inc iun's ~ .e
treasury without special authority. SIonE oPPo'',
is made arnns, approprating any Of the iuhos wv
payment Of the bonds and treasury holes' '" Wy
yround that these latter mostly held by
iron, number Of whom reached Texas simultaneous
" with the news Of the contract, and spfeao
over the country buying up the notes IL - ooo
that Gen Hamilton pledged himself that SI'u,'oo
held BY the United States Bank, should De Pa'a' az
we'll as some transactions with ,. '. ,. "hue'' so"
ing out of the famous Cotton Circular
The officers of The State of Michigan have at as
prohibited the notes of the Bank Of Michigan rom
being received for taxes tolls, or public dues
rumored that the bank will 90 into hqudalioh. LIE
notes were at discount of 35 per cent IN Detroit .
1t appears that the resolutions Of General Root 70
instruct the Congressional Senators to vote Tor Ma
tonal Bank were at his own motion, reconsdered and
laid ON the table The cause Of this WAS the fact that
they had been sent TO the house they would have been
killed because owing to the absence ct three wings
there Democratic majority, which IS evident III Tue
repeal Of the registry law, which took place on oatur
day. the resolutions cannot now be carried ms, as"
stated day two since, was anticipated IN caucus, ana
the project abandoned Gen. Root however, passed H.
and the result is a failure. What comment IS th's
upon the doctrine Of instruction; The influence oil
party brought to bear upon question by taking advan
tage OF the absence Of few members OF the opposite
party carries instructions that 10 govern the policy
of the members of Congress upon measures that are Of
vital interest to the country Since the election OF inc
present members of the Stale Senate We risk but little
in asserting that the popular opinion has been vastly
changed against National Bank, and the present mem
bers do not represent the will Of the people An i'm
menss meeting was held in Phadelphi yesterday, TO
elect delegates to the great business convention.
committee appointed to draw up report, instructed
the delegates to vote against a -Nuf,onat Bans Inc
meeting was much disturbed by the discredtable ef
forts in favor of those of National Bank TO prevent
the passage of the resolutions.
The currency of New England being based upon
specie and the banks of that section, not only prompt
ly redeemng their circulation, but their balances
maintain perfectly uniform and steady currency,
from the Northernmost point of Maine, TO the con-
fines of New York. and Connecticut. person hav.
ing in his pocket, the borders of Aroostook, the
bills of the New England Banks, may travel 400 miles
in South West direction and find not the slightest
change in the value of his money. 1t is everywhere
worth lis face in specie, and the whole extent
u l1dl territory, tHc CurIcHCY - PeirStiy
Having arrived in the city of New York, he finds
his money, perhaps, at discount, the may
be- Continuing his journey in southwest direction,
before he again travels 100 miles, he will find the
currency vary from 10 % per cent. discount. The
whole is in utter confusion-tbere is no test and no
guide-the value of the money depends upon the
whim of tho moment and lie finds the people inll
of schemes 10 set the matter right and large class
clamoring for National Bank as the only means Of
doing so. Whereas for 400 miles north and east Of
New York, lie found the people attending 10 their
busness-the home trade good and industry thriv-
ing, without thought being thrown away
upon changing the currency. The manufacturers are
indeed anxious for restoration Of the Southern curen-
cy, that they may renew the sales of their goods to
them but for their local currency, the simple re-
quiremcnt that the Banks shall pay specie demand,
honestly and promptly, keeps it steady and uniform.
This the long run, operates benefcaly TO the Banks
themselves, and when the industry of the people in
the business of the section Of country, the
operations of the Banks advance with it.
The following the leading features for series OF