Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-29

IN, MACE where the banks were iocaied-and,
"-.,. comforting them great advantages over
bs-. there was no misunderstanding the com
ne II the one, whilc il depressed tiat Of The ohrr
\, SAID substantially, at this State, that she par
.;,5 70, the long period of - years none of these
Her honest and rigid adherence 10 principe,
.h,,ed her from carving out the system, aid com
-.. with the condition which only the advan'
.,, could he enjoyed.
'1T6s,e was another operation of the Bank, not less
.,,;ls t. the staple States The price oicyery tang
,s; depends 10 great extent on The amount OF the
mating medium for the time being. When money
otv the prices are high, aud when II Is scarce they
,n ndcr the operation of the Bank OF the | M
a. STATES those who had control of 1t, who oi course
-, Northern men, and mostly Northern merchants,
II N their power to contact or expand the curren-
Al pleasure They would contract, as they were IN Tue
-, dong especially al y. Orleans, when the South
80 .,,'es were coming to market and they wouldex
t ot the time We made purchases. That my own
,..oen;s NAV understand the operation OF this
c.o, tnb!.. oi discounts furnished by the Bank of
I,1ed States and also 10 the table 10 which have
,ay referred, shelving the price OF Hour at different
dds OmittlnL fractions, the expansions were from
,-.oi-lS SIS GEO coo That year flour was - 90
,.ac,,ons from ISIS 20 1919, $6,0G0,000 Flour went
m, +, :. II. Contraction from 1919 TO lS20,
.,oh000 Flour was 81 -! Expansions commenced
, IN l>.2 'rcm that i,me 10 le23. they were
rHnO 600. aud -four went up to So -. From ls23 TO
-. The expansion was S3000,010. Flour So -
go, cna;ract,pnS commenced and they were from
.5,,,l -25. S2O00 O00 and flour was - 62 Con.
IONS aaaln commenced in $50: from thence 10 SCI,
80 we're - 900 coo; and flour was 81 10. Expansions
, -. TO Io2,, S3,0o00o0 and flour was s. Ga.
., Ism 10 1880, expansion 81 900, GEO; and flour
- y have rot carried my table farther down, be-
.s. the facts contained in il, referred 10 in for
-, mart of my remarks, and do not desire 10 repeat
.,s p she wed how the price OF flour, and b. consc
rr, Of corn, went up, from the lime when the lar!t
the Bank wen; down.
From what lac had sand, il evident that those who
..-el 4 National Bank have it absolutely III their
-se- to tx the price oil any thing; and particularly
g.. p-,cg Of the staple OF the agreuliurst. And II
AID be IS irrational IN them 10 allow the Northern
-.,chnGts through tie ins,runen,aIty OF Bank, 10
lale Z, Wl The price OF their produce, as It would
.o allow them 10 regulate the SIZE OF the measure Of
ID Would Virginia corn planter consent, that the
yasfa merchants should have the power OF altering
aa>u-s the ct the halt bushel in which his grala
measured or the length of the yard stick by which
cloth lie purchased measured, So that he
II, make /: small wheu he 10 sell. and large
m be 10 buy: /; would be tatuiiy in hm 10 GO
.ad /; no less Tor HIM 10 allow the Northern man,
sarh the means OF Bank, TO fix the price. lie bad
vel. allow HIM regulate the measure, as the price
The next measure winch hos gone 10 depress The
,h and 10 build up the North al her expense, was
Tariff The operation OF. that have already shown
a ctitc; have all these produced upon the
TIA On THIS head, wjl! quote an article written
. cstiuEu shed Eir.ialan ANA published Ill Tie faE-
Register for 1857
Perhaps known that prior to the Revolution,
m?ort trade OF Virginia and South Carolina each
exceeded that OF New York, Pennsylvania, or any
I o;lhe Northern colonies. Yet such is the fact.
From tie Virginia Gazette of July 2nd l1l1, |
the ollog1ng \ list OF ships and vessels which
ri from Hampton roads under conway Of his majes-
4 r sin, Folks,one, Captain Gregory. Then follow
NAMES Of the several ships, their commanders, and
rs OF destination, concluding with the following
Sc There are besides these, many others, which
4 q no received sailing orders when this list was
de out. the whole amounting TO tiity-two sail. -
Of these ships were bound for foreign ports,
-nclpaly London, Liverpool, Glasgow and Bristol.
Scarcely, number OF the Gazette, too, that did
contain list OF foreign arrivals IN the po-;s oil
I gina, from the year l741, 10 the breaking out
4 ;ae American Revolution Then Virginia, but
u -9ony, enjoyed large export and import trade.
a one day, tiitytwo sail left her waters, freight
Il atl domestic produce, to bring back in return rich
.als Of English manufactures. When did we last
OF when snail agan SEE fleet of fifty sail Gid
from waters pursuit OF foreign ports Never,
H.. the fiscal action Of this government shall have
sn gcd Then, be IT reelected, there was
4 laecjion OF government with banks; there
4 .ass al all colony was not cherished and built
Of the expense oil another, By the unequal fiscal ac-
4 the government; each colony upon level;
n .3 could compete with The other; each relying upon
native means aad resources and hence the trade OF
gina a; that period But TO continue the statistics.
10 .o9 the value ofthe imports 0. the several colo
n As follows
II Virginia, f25l, li0 sterling.
4 Ne@ England States, Sol 600 do.
NeH York, leq 600 do.
III Pennsylvania, 100000 do.
South Carolina, J55, 0GG do
4 The exports about the same proportion. Viz
III exporting nearly four times much as New York,
n >5ath Carolina nearly twice as much New York
pennsylvania together, and five times as much as
4 III New England States united.
4 The same relative proportion Of imports was pre-
S'ec until the adoption of the Federal Constitution,
~ We find them 10 be in the year 1871, as follows:
l New York, So %, COO
Virginia, 2,i-6,000
l South Carolina, 100000
1 TIE above the amount Of imported merchandise
1 eli paid al roigrem and specific duties. But as
e "ee few goods at that time admitted free OF duty,
1 data gwen approximate TO the truth. There are
'e to show the imports into the several States from
sesT l7H to l-2l; but the general fact may be as
4 ed, that the import trade of New York and other
'af'n States has been constantly progressing, while
'o' Virginia and South Carolina has regularly
'saed From lc2l, TO the present time, we have
4 Gen. date, aud they exhibit the following, the
- o tie import trade
j. Yor. iirrtnia S. Carolina.
steoo02) l'2l, sl,o7s,C COO lsel, s3cOo0co
@ahJ1NJ lS22, $4,000 s.2 aoO9,0Dn
s3hDNo1 l.2t, t. 900 1895 2o10o0o
.6nUp,gp1 l.a; 5000 1895 100000
tpon9U, l-:, $4,000 lsG5 2.l50O0o
.4.UJUtA -, d3i 900 l-27, lSbG.oO1
&wNW0 l.-A, 3r5,00J ls1I l2D,oo0
s,agNm l-,2, $4,000 lc32 I2l30u0
's', the import trade Of New York has gradually
n alb