Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-10-25
according 10 the official returns TO October st, is seen
in the following returns compared with previous

one 1910
f''h" - 7~g. o. sep,. ~ Inc. Dt aao
Private Banks, ',lrlbs' .o,f-Io al.
Join, Stock Banks, a,e23'os1 2''i'''i' '''
Scotland, Private and $1,000, o.,-.o "a, 7sI
LELAND n 3D., If a,sai..51 a,3oSoa5 Sa,7as
a7scao3o a,9;osgi 5l4 $40
'I rnn,.m ~ ''s ban" $4,000 9slGoco 2i6ooo
In the FOREIGN exchanges, very limited amount oil
business was lransacted-the only alteration IN Tue
rates was Sigh, reduction hamburg, and little
,nprovep,ent on Paris Whilst the export trade con-
times sluggish both for British manufactures and of
colonial produce, !, cannot be expected 'hat many
drawers of bills will present themselves but there Is
an npression that this branch of trade will revive
nex, month when the manufacturers get into full
work apain and v hen the usual quarterly sales OF IN
digo take place here
The ,for;unae sarnation in the corn trade IS pro
dncmg further mischief. Failures continue. Messrs'
King and Melville who founa Il impossible to realise
their n-o,.,v soon enough 10 meet their engagements
and were therefore compelled TO ask extension Of
time We understand they show surplus, but have
rot 10 large advances on corn placed IN their
hands, consignment, by other rares. Also messfs
Hills IL Co ard hlessrs Hays, Irvine and Anderson;
nor does rur,or spare the names OF other parties as
being in iculty 1t may be sufficient to observe, that
excitement and uncertainty very great, and that IN
taking bills the brokers exercise the most velant scfu
inv The losses arise chiefly contracts entered INTO
early this wear say up May, and therefore not alter
able by the subsequent improved prospects OF the crops
| In relation the prospects of the produce market,
London paper remarks as follows:
1t is the on of many that prices will not go lower
this year. aud relief will probably be obtained in
TO cargoes not yet arrived by the right OF grind
ing in bond for expectation, which the recent act esa'
Bushes and which important provision has already been
made available by two houses. Our colonies as
well rs shipping must reap the beneht oil ths While
| the Americans will suffer by It.
| The manufacturing districts were, upon the whole,
slowly improving, most of the hands had returned 10
work. The demand for goods mad not, however, in.
creased with the increased supply growing out of the
re wal of work The iron masters had advanced the
price OF Welsh bars los per Ton, there was little chance,
however Of obtaining it for the present
The news from abroad was not looked upon in ia
yorabe light There is gnmer yet of q return Of
confidence in American securities Some of the gen.
tlemen connected with the Government loan have
turned, and give gloomy account OF the standing OF
American credit. Some disposition was manifested 10
buy the low priced stocks those of the delinquent
States in order to make low average COST in the hope
Of ultimate payment. The high priced stocks were
utterly neglected. They all placed apparently up
on The same footing in relation TO character The
prospects of the cotton market as connected with the
manufacturing districts, never more gloomy. The
etfcc, of the accounts upon the stock murket to
cause general decline at the Board. Kentucky 6's
fell /: Harlem = Bank Of Commerce /; Delaware u
Hudson /; Mohawk 1.
| &. M'Aliser, Esq, who went to England connect
ed with the agency of the United States Loan, has
turned by this steamer as also Sas NJ Sllwe who
went on business from the department lappears that
Mr.. Robinson, unable to effect any negotiation for
money. On his first arrival some of the leading houses
seemed disposed 10 give him favorable hearing, but
consultation, they arrived at the conclusion, that If
they took The loan il must be their own account
that they would find it impossible dispose OF any part
that public opinion would be against them, and the
press would attack them, consequently all connec.
ton with it declined. The feeling was great
er against "the repudators on the Continent than
in Enrand The ability Of the London houses 10 take it
themselves may be inferred from the fact that the rich
house of Barring, Brothers x Co, on being required
20 specify their business profits subject to the income
,ax stated it at but few hundred pounds for tie last
three years. Another leading mouse made similar
statement This IS not 10 be wondered al, when
slider the immense depreciation in stocks with which
tIey connected, and the disastrous results Of the
cotton trade for the past few years. All American
stocks put upon The same footing. 1t IS IN vain
preach TO European capitalists that New York and
the Federal Government is better than Illinois and
Mississippi, while wealthy New York merchants are
guilty of the most glazing acts oil reputation; and
leading political party that State bases its claim
for power their intention to repeal tax sacred.
ly pledged tc the redemption of loan obtained
the strength oft The spirit, say they, pervades
every section, and the opportunity would produce
The same results-a people cannot be separately dsho-
nest and collectively trustworthy.
It seems however, that the knowledge of The i'm.
mense of this country is becoming more dis.
sc minated and also, The conviction of the necessity
of extended freedom of intercourse. The late
Tariff passed here received with as great surprise
az regret but many of the leading manufacturers
publicly and significantly stated, "rarlf or no Tariff
there will be no lack Of goods IN America General
Duff Green appears has made surprising progress IN
attracting attention TO scheme of his which has the
object OF reciprocal Treaty, by which the produce
of this country shall be received in exchange for
English manufactures. The General is in high CONN
dence with people the ministry, and hopes to OBJ
tain the appointment of delegation to confer with the
several State Legislatures during their coming
sons, by which plan Of mutual intercourse may be
concocted. The necessity of some Pian by which
the tottering manufacturing interests OF England
may he preserved from the continental competition
which is crushing them, has caused leading men TO
lead willing car to some proposition of the kind
The foot, however, ls like the wild vi
sons that were pictured forth in the famous cotton
letter Of Gen Green in 1888 1t will have the effect,
however, Of drawing attention TO The importance oil Tree
trade and ultimately ofdonG away with that oppressive
protective system which the voice OF the people at
| ine late elections has SO justly condemned. The mo.
dica,ion OF the English Tariff has already had won.
derful effect in placing the necessities of living
within the reach Of the aboring poor.
SauGoLiyo oS THE FRoSrIER.-Great preparations
are making Montreal by persons who intend to do
very large business in smuggling upon Northern
frontier during the ensuing winter season. Several
houses have been established in Montreal with this OBJ
ject having American and Canadian partners, and
in this way they intend to work "doube tides in
smuggling The Americans will smugge over -four
from this sdc and bring back their pay in British goods,
and as soon as winter sets in hundreds and thousands
of Canadian ponies will be put the route and travel
with the goods thus Struggled on towards Boston and
elsewhere Ia be disposed OF.
DIR. parmee, the Government agent, has been as far
as St joh: 10 about this. lie discovered that a
good many horses had been smrggled over, and also
found that large number of asses had passed that
way during the summer, and both statements are pro.
badly lrue-.N. Y. H'r@d
THE PROTECTIVE POLICY.
il appears from letter of Lord Stanley, the British
Colonial Secretary to the Governor General of Ca
madam extract from which we lately published-that
there is heavy duty on the importation OF wheat and
flour into Ireland from Canada-,hat is, from por
ton Of the British dominions to another All the
world knows that large portion OF the people of Ire.
Lind are aalneI bsute potatoes for bread, and