Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-05-12

tons OF the route Inc track was covered Tor mics
with The water, in some places neartwo feet deep.
II is unprecedented that much damage will be pro-
daced by freshets.
Some ultra Wings, ever watchtul for an occa-
sion 10 condemn the acts of the Administration,
have pounced upon the first unfavorable news
from The army, 10 charge the President with neg
lect Of duty, in not ordering 10 Texas force
sufficient FOR any contingency. Had The Pre-
s;dent carried out their views as now expressed,
who doubts that these same Wings, long ere This,
would have been loud 10 charging The President
with profigate waste of The public money. &c.
But we make a short extract from Saturday
nights Union, which places this matter in lis
true light.
III should be understood that General Taylor
has been for several months authorized 10 call for
any auxiliary forces from Texas, Louisiana, and
some other OF the Southwestern Slates-in iac',
for such reinforcsmenis As lie nigh! deem il ne
cessary Tor him 10 possess But, like gallant OIL
fcer, believing his force adequate 10 meet any
enemy which might present itself, and 10 over
come every danger, he omitted to exercise The au-
thority with which he has been intrustfd. His
sideralion; and he has not made his call in time
10 secure himself against all contingencies.
There is no doubt entertained that this sense Of
security was increased BY the communications
from The Mexican General, from which he had
RICH, TO conclude that no hosililies would take
place on this side Of the river ill the meeting Of
the new Congress"
|, seems that after all, The "panic" and tight
ness Of the money market in New York was not
owing entirely 10 the expected action OF the Gov
eminent. A cause nearer at home was al work,
as appears BY the following paragraph in Phi
ladelpha Wing paper. II strikes US, that il The
Northern Banks are conducted upon sound prin-
cipes, avoiding the temptations of over issues
and high profits, they would have nothing 10 fear
from The Sub-Treasnry or any other policy Of The
Government:
awe observe, however, that money still CONT
nues scarce in New York, and that The rates are
higher there than with US, caused principally BY
the preparations which the banks are making for
the exhibit Of their affairs on the lst day of May
The law which requires them 10 make these
quarterly returns, if designed 10 keep their dis
count lines within certain limited bounds, would
be much more effective, and keep The money
market in a more steady condition, il 1t were SO
altered as to compel them 10 make monthly state.
mens, as is done by the banks Of New Orleans :
JAMES RIVER s. KANAWHA COMPA-
NY.-The Board OF Directors OF this Company
held a session in this city during the present
week. We are glad TO learn, from The Whis,
that, notwithstanding the reduction OF The tolls,
the revenue OF the Company is augmcnling. al
the Richmond office, the receipts 10 The 1st OF his
month are stated 10 be abou, $1,000 more than
during the corresponding period last year. From
the Lynchburg office full returns have not been
received, but there has been also decided IN
crease in the receipts there.
A NATIONAL CONVENTION.-The
Washington Union, in abiding to the next pres-
dency, says
We advocate The nomination OF a President BY
The people, assembled through their delegates IN
Convention Give up Convention, and we are
thrown upon Congress for The selection OF rfesi-
dent We have had enough OF such Congressioh-
al selection. The country is almost unanimous
in its condemnation. The Democratic party holds
il in adherence, and looks with one accord as
party 10 the unbeusht sufffaees of Convention
as the sole safe remaining mode OF seisclion, 80
long as the Federal Constitution remains as u Is.
COIN IN TEXAS.-A correspondent OF The
New York Journal of Commerce, writing from
Austin (Texas) on The 18th ofApril, says:
"The currency here is gold and silver, The PEG.
pie relishing nothing else. They count by dimes,
hafdimcs,' bits Gone shillng) and dollars. II
stray bank mole makes its appearance, il is ex-
amined closely; and lis not strange, for they have
been badly bL,en. If merchant is going East
or North, he tinds no trouble in purchasing bill
of exchange on New Orleans, al which place be
can obtain drafts on am point am inclined 10
think that the provision OF The constitution prohi-
biting banking, is well for this new county
There are so many extremely smart men always
on the qui rive for obtaining bank charters, mai
Texas might have suffered by their flnancierine;
il she had not, she would have been luckier than
most Of the new States have heen."