Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-01-02
liam p;,kue,,s Philadelphia Reporter, dee. 3d.
l- TIE MONEY MARKET.

I'll. evident tendency of our Money Market IS -
contraction Our readers will remember una. We pre-
dictcd some. thine since, that as Tue per'ou " 80
resnmotion approached money would become NOR MGR
J.; demand This prediction IS already inily 'e'ee
W. arc ,old by those who have the best opPort"h
lies of knowing, that even no" tnefe - no I;d
that capitalists were never more hunaan's ~, ,h
l, ,hc Banks never held larger balances. but '''e
!. -; - "a hold on a few weeks longer, III ofder
=, lines. the proqress and The results OF resuh;p
tion le(ore making any new investments - - Wv,
eenu which has increased t!e price "''.i''a Wv n
month from - per cenl per ahi'u'' - w s
for the same description OF paper. ou, u'"" M III
course discountng little or nothing ney " ,he as,
conducted their affairs with much proprriy LOT Jus ds
six months, and with view 10 rcaa'iesS -, ~
summation OF the law 1t Will be seen on
another part Of paper, that lhe Da',A VI w n
S,otes has published statement Of her conui',on ~
ENGLAND Ii is an incomprchensb!e affair, ana
ha We been published long since in thus country. -
have been told and We have repeatedly siate' ".
authority, that the present Directors OF ''s
were cxcrting themselves to resuscna'e ne, 'N
md TO place her in something like reputable postum
they may have and we believe they still are pursuing
this policy; but when all the circumstances are
dered we think their recent conduct IN turning "
ear 10 the appeas Of both friends and Toes at hoe ~
statement of the Banks affairs ana NJ 'ne saI;
in sending such statement 10 London Tor publication
in The papers of that Metropolis IS an act OF suc
pious madness and folly, TO enttie then 20 w.
strongest censure Why--ifany statement nIu -;
agreed upon and prepared, was II not puoHs' - -;
country at once: All sorts OF stories have oseh ~ III
cuation in regard TO the Bank-inany oil tne
ers were at one time sadly alarmed and the
appeals were made for any thing in the shape oil an On
fetal account of her condition But noihinS oi une
kind was given The Directors stood upon 'he'i o's
nty and the poor stockholders were lett 10 sr"pe y,
the dark and in many instances were fisneueu nv
sales al great sacrifice by such OF The hearess
ers and brokers as for nobody, and Tor no rum pro-
yded they make few dollars We do not RANK our
selves among the opponents Of The bunk. on 'ne
trary, as Phadelphans and as fennsyivan'ahs, NV
levinp that the credit Of such large institution - ~
= oreat measure interviewer with that oil our Guy u,u
Siotcwe should rejoice to her pass through ~.
ery ordeal which she has been and rs sun
nv, only in safety but in triumph IL is heVef'eess
M ho 70 The cause of truth and Justice that our rea
n,nressons lie uttered especially when such SAD po
cv "a nursued Us that to which we have Just referred
Tho Acadia brought intelligence as to the success
- o,lerwisr of Messrs Jaudon, Brown and Alsop, IN
ot;nc,;nr loan Indeed, those gentlemen arrived ~
Enolond only few days before the steamer departed.
Nothing new in relation to the Resumption Question
i ,oncars TO be conceded all hands, that the attempt
will be made on the 18th by all Banks, and that u
will prove successful, if proper disposition be nan
tested on the part of the puhlc-and especially Tue
Legislature authorize the issue OF small notes specie
il already more abundant in our city.
We annex the Money and Stock rates at Tie close
of the week:
prnsrlv,n;a Rank 4O5
Grad 37h
I,.,, l0l