Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-08-25

The business was opened by The Chairman oil lne
Depuation who stated the extreme falling on III TUE
demand for IRON, the great depression IN 'ne pe' az"
the consequent reduction in the wages OF ao1'' an'
contraction in the means of employment, 'oSeh., re-
sul,,ng in condition Of the worknien w"c" eou,a w
he comic n,plaed withou. serious apprehension. N"as
stated that the object of The depu'at'on was ~ o va!
connected with any intention oil soiic"s 'oa
the Government, by way OF pecnnaty ass's'ahce, 70
h, ,hon, n continue their works III operation but
=, a;ors. The praclcabli,y o! The application OF any
a.,ss nv winch The ln'ernal trade OF the country
ener,lv could be improved, and The population man
sno;,ed IN a more healthy state OF employment:
The progressive reductions IN the prices Oh 'ron 'he
,o If wages and the state u! paupersni, as eXhoeeo
IN the enormous increase of the poor rates In 'he
comorsed in this district were stated IN extensive &C.
,a bv other members of the deputaton, and 'he ope
rat;on of the American and the various continental
tariffs was adduced, acting most precautionary on
the iron trade of this country.
Il exclaimed that strong impression prevailed,
that the great falling of in the expectation OF commo
aea IN the United States, resulting from lhe re-
s,rct;ons of the late American Tariff, was manly at
tribuabe 10 the continued exclusion OF American corn
bv the operation of the late adjustment unoer ' o
Tariff and which moderate fixed duty wouiu oe eai
culaed TO remove In conformity win tn's Vie"' "i'
Tnorney stated the result of his impressions on re-
cent VISIT To the United States, and the mProoao.,y OF
apy Treaty being negotiated without SUM 'ou'no@
ton of our Corn Laws on this point. -
Robert
), ive bis hest attention TO any remedies that might
snpgest themselves the minds of the dsputaon but
that he feared the production OF IRON had oeen iocea oy
the for railroads and other causes SO much
beyond the ordinary demand, that now, that lhese
sources of consumption had been supplied, he could
hold out no prospect of immediate improvement, from
any measure within the power of the Government
The members Of the depua,ion stated that they were
nearly unanimous in the conviction that the depression
uoder which their trade was suffering, as we'll as that
affecting most other branches OF productive inousfy
was attributable the great falling Oft IN thc oeahn
occasoned BY the vicious operation OF our peseh. mo-
ney laws and the consequent want OF suhcieht CIR
culaon 10 maintain range OF prices adequate 10 ."e
DISCHARGE Of the fixed public and private burdens wne"
form so large proportion OF the cost OF prooncloh III
this counry that without some change 10 THESE ia"s
there was, in their opinion, but lue hope OF any I'm
movement in the condition of The working classes,
which would gradually approximate TO that oil the same
classes in Ireland.
Sir R Peel EXPRESSED his dissent from these conelu
sions and after thanking the population Tor ne tempe
rate and ud,cous in which they had stated tbei.
views on the important objects which had engaged
their attic nlon, the conference terminated.
f fE ns e Ei:s 9 srxrE 6EsT e.
The gentlemen at the Hague who signed the pei |
ton to the American charge daaires, respecting the
non. payment of the interest OF the North American
loans have recently received answer from the charge
daffaires in the name of his Government The answer
informed Them that while the President fully feels the
force of the obligation which the States have upon them
selves in contracting their debts, and fully persuaded
that their obligations will be fulfilled at very distant
period nevertheless, he 1.-THE charge de affaes most
strictly enoined by the Secretary State to declare,
the most formal and positive terms, that 1t is the decided
and irrevocabe resolution of the General Government
not agree to be he'd responsible IN any manner what
ever for the performance OF those obligations Inc
charge affairps however states his conviction that
the present state of affairs in the u S. upnn the whole
is such encourage the hope that credit will be
gradually restored"
There is now too much reason to apprehend that,
At least as far as regards those States of the Union that
have openly avowed reputation, the expectation Of
any liquidation Of the obligation incurred must be very
remote indeed and that this class of creditors OF the
American people, will be in worse situation than
those who had book debts incurred previous to the pa
nc which led TO the stoppage OF so many firms IN this
country and on the other side Of the Atlantic. IL fnl
eredence is to be placed in the intimatIon givenand
it looks much Ike official declaration to be ques
toned the Republican Government ought to be re-
minded that BY far the largest proportion OF the many
millions of money the several States have borrowed
from capitalists in England, &c, has been expended in
public works, such railways, roads, canals, bridges,
&c, all of which, in major or minor degree, have
tended TO improve the general of the whole
country One thing is pretty ridect, that the credit
Of the IT, States. and for long time past all but
defunct, will not be resusciiated until very much
larger share of honesty, sympathy, and plain dealing
is exhibited to those who have such large claims upon
those deeply interested-and among the cred;,o,.
known to be many widows md ..:"~.s, whose n.
have been lessened and in several instances,
entirely cut off BY the defeasance in remttances TO
pay interest-that, for the sake of re-estabshng the
character of America the President would recomme nd
at the next meeting Of the Congress, plan for
consolidating into one general and national debt the
amounts the States stand indebted TO foreigners
upon the bonds and shares in their possession, and
to capitalize the arrears OF unpaid dividends, Or at
least, express urgent DESIRE that the States should
act honorably.
1t 1t be true, that the present head of the Republic
determined not TO concede thus much trust, that the
next President will show lively desire to wash
out the foul stain placed upon the United States by the
acknowledgment, though, in part only, of the doc.
trines of "Repudiation.' 1t is mentioned in COM
munication have seen, brought by the l1iberna,
that the foreign creditors have friend heart in the
Hon. John Spencer, the newly appointed Secretary
of the Treasury. We trust he may prove
A curious specimen this of the ignorance, in the
midst of which public writers in England so often put
forth opinions respecting this country
(From the y. Y. Pcbean Of Aug. 49,