Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-08-18
my other STATE. IL is not matter of honor or homes.

any other State 1t is not matter of honor or homes
" Illinois, tits purely one OF ability and expeo'ency
There is other means of getting out OF ceot Inc
project about government stock too ridiculous 10
mention The proceeds OF the public lands are mol SUI
cient pay the present DEBT Of the Federal G09eTnme
and, whether the debts of the people OF Tue states
are to be paid collectively by the Federal government
which is impossible, or oy individual
St,tas il nust he done by direct taxation Vt at all
State that Is unable TO pay tax levied BY State ohcers
will not have any means because tue TAX gatnerer
is appointed at Washington
(From Ms ". ]. Heraid.l
The complete regulation which the exchanges have
undergone consequent upon the free movement OF
trade and the eqnazaton of the value OF paper paya
BILE in all parts OF the Union, BY reason OF The resump.
ton of the banks, source of great chagrln TO the
would be regulators oe the currency. powerful ar
gument in favor of National Bank has persisted, leav-
ING the sophstry and charaanry of The advocates Of
such an institution without support. No plea can now
be brought forward for n monoposng institution, but
the desire of spectators through lis means 10 GET pos
session of property OF the Industrious An attempt
is made by certain parties TO clamor OF national paper
currency of renting small sums, and &C.
commoda,ing the travelling pu5llc. Yet, ct the very
when this plea IS put forward Treasury notes.
which the most convenient possible form OF 70
yernment debt, have been converted into STOCK. Inc
Treasury notes of the Government, bearing interest,
have been used great extent Tor exchange pur-
poses The amount afoat during the past year, from
10 10 900 000 has been more than sufficient TO sup
ply all the wants of the trading community by con-
yertinp them stock, other result has been at
tanned than take from the public debt the only fea
ture presented of convenience aud usefulness Tres
sury of small denominations bearing SIX per cent
were useo by individuals, great extent, poke,
money. Persons carrying fifty one hundred dollars
in their pockets, could always command currency with
the accumulated interest for the face OF The note.
They formed perfect remittance 10 all parts OF the
country without loss of interest The only apparent
object deprvng the debt of these useful features
and converting it INTO ten years stock, seems to be
10 give permaneRcy 10 debt which grew out OF what
ought TO have been a temporary dehct The making
of this debt permanent, ut the same moment that the
pernanency is given to the deficiency revenue by q
prohibition tariff long strides toward fastening "the
blessing of heavy national debt upon the people oil
the United States.
The exchanges over the Union, being now pretty
nearly equal this of the year, when the move
ment of the crops has nearly ceased, and but little
trade is doing the prospects of the CROP for the coming
year will have a great influence upon business Very
little capital going this year from the Atlantic 10 the
interior. On the contrary, ull payments OF interest
and of liqudated company capital, are actually made
from the interior line Atlantic. In former years,
when States paid their interest, nothing actually came
from the indebted points The liability dschnrged
the case THIS current of demands ia he met oil
be made The cotton crop the most important, aod
here is such as lead the probability, that the
forthcoming crop will yield higher profit than any for
long period The crop of the year now about closing,
has BEEN by far the largest ever produced, yet prices
are well sustained. The comparative rates are es fol
lows in L,yerpoo