Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-04-09

and finances of the country The real reasons a:e,
however the distress Of the SPECTATORS al home and
abroad and the bankruptcy Of the several States grow
inr out oflhe schemes Of those speculaors The lead
r questions 10 b, discussed the session the re-
peal cf the ubTrcasury the establishment OF Ma.
ona Bank, the distribution Of the public lands, and
the increase Of the Tariff All these questions are OF
the utmost Importance and will have most important
bearing on the future business of the country. The
most prominent subjects for consideration those re-
aiive To the State debts and the establishment OF a
National Bank Both OF these measures bear directly
the interests Of the spectators and stock job5ers
and designed 10 rescue them from the rum winch
their mad schemes have brought upon them he
branches and drawing posts of the Lond"n houses, n
tins CITY, are, III the course Of events lettering 10 t:ier
foundations. They have Tor years derived an active
capital 10y kng on cotton at the expense Of the south
crn planters, aud through the medium Of the South
ern banks. with their principles have been the reser-
for all the stocks created by the different States
which urged in their mad schemes OF INTERNAL
Improvement through the influence Of the agents anu
their satellites here. The United States Bank treadng
the path, has gone TO dlscountng, and the same
fate awaits the London houses The Southern States
created large of State stocks 10 furnish bank
capital. Alabama 81 900, 900, and Louisiana S2l
900 900. This money was borrowed IN England, ana
the Banks were started. The institution hns ever been
under the control of the agents of the London houses,
and their business has been almost exclusively 10 ois
count the kng bills drawn the branches mud agents
here by subaucnts in New Orleans aud Mobile, 10 the
exclusion Of the regular dralers
What has been the result Why the whole capital
borrowed in gland TO start the banks has been sunk
the institutions are entirely nsovent, and the citizens
Of the several States are liable taxation for the amount
of the stock issued. Prime, Ward ~ King, and other
houses have drawn their whole active capital from .ns
source. Other States of the Union have run IN deD'
for other purposes but all with the results The
money had been lost, taxation is pending over The
swndled citizens who in every quarter show dispo
sition Of 10 submit it. The stocks consequence
have fallen greatly in value and have become totally
neon erble in the hands of the houses with whom the
evils originated. The Southern banks are on Inc POM
Of explosions which will cut off from the ktng stations
here the funds they draw from the planters and
the whole seem on the brink Of explosion.
In this state of things the last hope Of these despe
rate men is to obtain influence IN the nationa
councils in order the State credit that prices
NAV rise TO the relief Of the spectators that hold them
and to procure the of the public money through
the instrumen,alty of the Bank of Commerce, which
it is designed to make the National Bank. In our
article of Wednesday of last week we had the follow
ing:
The emissaries and friends of the concern, (Bank
OF Commercc) have stated boldly in Wall street, tina
the plan of National Bank has been decided upon a
Washington, and will be consummated in ~ days
TIE call for the Extra Session is official and
great efforts will be made 10 carry out this abomnable
scheme. The Bank is at this moment on the verge Of
destruction, and the firms that have controlled II vii
60 down with the progress Of events IL Is improba
br from the state Of affairs, that National Bank can
be carried nj the Extra Session. The distribution o.
the proceeds OF the public ands palpably absorbed
in the existing state of affairs, that WILL in all proba
b,y fall through The main feature Of the session
will be the supply bill. 1t IS stated the demands on
the Treasury much greater than the receipts, and
the failure Of the United States Bank has caused SC
great depression, that the receipts from the custom:
will be next 10 nothing. The probability is, that mo
ney will be raised By loan, and five per cent stock
created as basis Of a national debt hereafter.
i a PrcSEE-The Wing papers in pnckcr be
cause Gov Gilmer has resigned his office in Virginia
and they are very much afraid that of the Wing
members have gone home, that the Legislature Of tina
State will elect Democratic Governor which We hope
they will do as the State Democratic Don't fret 50
Mr. Patriot-we do things open and above board nc