Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1864-10-18

|
mint, nspsiiy c5t!:ed - 2lGinilr. toPie,
tho possibility Of banking ~ aasn6s isilafee Is
uppermost in ali mii,ls Il IS CURIOUS iSc,
! that, while soms persons have been supposed
TO predict all sorts Of OWLS from tho Intr01uc'
ton Of limited liability, the only t"o taisures
of alarming proportions this year, have DON
sisted of banks founded on tho opp?site p,h'l-
pie. Tho opponents OF that rriho'p'e H'"nyS
argued that it acicl as Il snare, iha:eaa OF
sareauard, and every business man must DO
nwsrs that, If tho Lssds Banking Company
had been under tho law Of limited liability,
it youlI. instead of boing able to pHah out it's
endorsements to tue extent IT :. Opo u3o with
paid up capital of $l00, 900, and. tomnin'nin
this caurso for series ii y5t:s hHTo found
itself brought to a stand within q te'F month";
of i,H comm sruemsus Ii; tais consideration
lies now the true ground for not thiiing iDto
vague alarm. II the banking and tn@nce COM
psnies lately startsd--espsc:aHy tie inferior
0nes-had been formed with unlimited i':hl;i-
IT, there si ND have beea rG1sc 10 approaerd
IN Ultimate craHa that mig hs hayo invvi"ei
the tn:iro commerce Of tho enu:itry; hut
MI who ore oOnversau5 9th the London
money market con already perceive how
email is the pGwor OF mischief Possessed by
these concerns. The general tcne Of their
husincs1, and tbs smount Of their uhd up
capital sre narrowly wetGh,d, sn! in n short
time th.re is not bill broker ia the market
who could rot tell the exact value If their pa
pcr, and tie safs.y.or otherwise With which il
might BIO hold in times Of general prsssura or
distrust. Whatever danger may exist in thaee
directions, therefore, will 10 sEGrt-lived md
the probability is, TINT in instances where
through ignorant or oulpabls management n
| break up may Oo1ur, even the shareholders
will sometimes fiud that They have boen saved
!ror, complete loss: Locking q: al those points
it will bs seeu that there never was I. time
when, speaking ia hroai cotc:uerca| sense,
apart from the little Interests Of share promo
tiers and produce sreculatoE1, 'ha country whs
entitled to look upOn in pj=;ti"n with greater
confidence and oa.isr:ati1n. Let trsdsrs re-
member that il large proti:s ara to be made ly
mercantile or financial business, tho ra:e to be
paid for tho uss Of tho capital Ivy which that
business is carried on must 6e pr"p3rsicna:ely
high; that they hays ouiy t. hnaa AL thoir ar.
rangon,ents end CONTRACTS on fall rac1gnisinn
| of this fact, sHi thai then, whatever may lie
the terms TO which tue rate Of discount nhy
go, We shall simply huga 10 congratulate oHr-
selyns that all cial:e4--tbs merchant, tho NJ
| ricul:uI:5t and the capitatja;-ars cqua! shar-
ers in the national well-hcihg.
THE LATrsf EAT0!1 oP FAILURES.
The latest failures reported by the Jnra in,
c.uie Franoi4 Cleugh, large cotton speania-
tor with liabilities estiTnatni a. hai! II i.!:i"n
sterling, but il ia thought that biz tirsrt CHI
gagements may not exc5cd TWO hundred thou.
/ sand.
| R,bt Bsrne, stock broker ut Liverpool,
with unsettled accounts for abnu. xix hundrel;
| thnusand pounds sterling. but ~brun sGtusl
deficiency is estimated Ut from rixty to ono
hundred thousand pounds.
| Jobn Fletcher L Co., cora merchants ii hn-
cnster, with liabilities Of over one hundred
thousand pounds sterling.
| Lightfoot& Son, sugar rehnors end rice mil
lers, in Liverpool.
Robert Ba1endel, corn merohant5 Of Man
chester.
| David k8msdcn, vacated apinnse Ut Brad
| ford, and others Of less importance.
| At a meeting Of toe shareholders Of the
Leeds Banking Company lis estimated liabili-
ties were stated at oso- eight hundred and
seventeen thousand pounds sterling, end that
there WAS deficiency o. over half million.
4 number cf failurcH were sill e,per'nd in
| aonHsc;ian with this lare" backing iI,-:.! ;ion,
Il: veil NJ AMONG spec,l tara in co::on pro-
iuce and ebarea, which exhibit much heavy
| depreciation in Tglua.
| THE ITALIAN QUESTION.
| [Prcu III. Pari, Journals, Sect %
A statement that Count do S1r.iees had
communicated tho n0ts o! NJ. Dronyn de Ehuva,
announcing the Franco ...ian treaty to tho
| Pope and Cardinal fDtua,lli. a confirmed -
| His Holiness received tho communication with
| great interest, end dena,itlni taht copies
| should te LEFT With him, stating TIA; hd would
examine them with It's attention they de-
| serve
The P.r:s "Pasr;a" nlat.s that u !a?fi2ca,
in oicaling tho toImU Of ths convention
to the Pope announced thu; the government
OF the Emperor removed ia o9a- Of aivice.--
II al5o promised it's ss4ist,,oas;n carrying out
those measures His Holiness a:ght deem uc-
cassary to adopt in view Of the srata of things
which the Pontifioal g17ernoiehl UNCUT shortly
have to meet.
The Pnpa sud Cardinal hntoaeili declared
that they wore not snrpria"d u; tha ahn0uncc-
ment, tinoo they wera awaro that the present
status ono could no. he E'uintaiticd lGr7rer by
the presencs of tho FreGch tr0ops, aud that
Emperor had alwaya acted luYHy, and had
| indicated that the Intervention vas essentially
provisional. The Pope ajied that he he'd u:
that moment no observations t. mako relative
| to the engagements undertaken hy ln'y in r..
ference to Franco, aud r:que.tcf time for ma
eure reflection bdi"rh communicating h;E ill.,
pregsnn Of tho effects t5a E5w rh,s ni things
might, have upon TIA PaPacy.
| Mones;gar;!r do Ronnsnhnso, at thg carfIitny
| OF rcceisiog ilio c.i.diEs"r hat, said:
France has always wished, AMI s.ill wiahaH,
guarantees for the temporal power Of tho Popo.
| The Emperor Napoleon aldo desires them,
because he knows France too we'll not to La
aware of this sentiment, and OF the necessity
| for union between France Hl,3 Holy See.
| Signor Paoin9 has accepted the p0dt o
| Minister Of ItsliHn Public Worsa.
| A letter has bssn published FROM tho captain
commanding the cn.iinesrs iii Lhe Caatees
square on the niGh: CT ttt 2l-f, which ststss
;l.;.t the truups were MT ordered to Gro On tho
people, but that tho diseharss tjak place BY
| accident
| Some Tnrinsse oiti2sns liava published
manifesto stating their conviction of the ne
oeasitY Of tho country t. continue Il course Of
| legal agitation, in order {" make Parliament
| aware Of the motives for opposing the Franco
| I:rjiaB Convention. Tho manifesto further
| announces the formation @! q committee TO
collect subscriptions ia inyor Of the SUI
| ferers from the Disturbance Of The Dist and
22i September, aai to PROMOTE q petition to
parliament sguinst tho Franoo-l Italian Con-
| vention.
Turin continues tranquil The re1,ou-
stran:es Of the municipality Of Turin, ad-
dressed u the Government, declares that the
transfer OF the capital to Florence signifies tho
remuneration of Rore, and protests agsicst
such conclusion.
The Italian Parliament il c5nvJAai for tla
9th of October.
| from the New York Da!ly News
TIFF PROGRESS OF SUBJUUATlON.
The fall of Vicksburg III uudona. The Mis-
sissippi has been cncs more sealed to the up
T. ]