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# RESUMPTION. We see that the Philadelphia Inquirer states that the Bank of the United States has more than $4,000,000 in her vaults, that all doubts as to a general resumption have disappeared, and expresses the hope that the community will glide so gradually from suspension to resumption that the affair will not create a momentary sensation. On the other hand the Mobile Journal says that the branches of the State Bank of Alabama cannot resume even on the first of July; and we quote the Louisiana Advertiser, expressing a decided opinion against resumption in New Orleans. The principal Western Banks are to hold a meeting on the 25th of this month at Louisville, Kentucky, to consult upon the subject of resumption, and we have the authority of one of the most influential Western financiers for saying that the Banks of the West have no confidence in the ability of the Philadelphia and Baltimore Banks to maintain specie payments until the question of the currency shall be finally adjusted by the General Government. In addition to this, the New York Herald, in an article upon the question of resumption says expressly, and professes to give items to prove it, that the Bank of the United States is in a worse condition now than at the adjournment of the Pennsylvania Legislature, and that she cannot maintain specie payments for sixty days. We do not quote "the Herald's" article at large because we will do nothing that may savour of hostility to the Bank. No one will be more gratified than we to see it restored to its former credit and usefulness; but it is not to be con ealed, however much others may be disposed to depreciate the influence of the Herald that its money articles are extensively circulated and must have an important bearing on the question of resumption Those who now suppose that the Bank can use its credit as it once did will be greatly disappointed. Resumption must be sustained by a general confidence. The Banks require the confidence of depositors as vell as the bill holder, and whenever there is a vant of it in either the Banks must suspend. Does not every one know that if the Banks of this city were to-day paying specie, such would be the run upon them in consequence of the suspension of the Franklin Bank as to coerce another suspension? The failure of the Franklin Bank, an institution heretofore in the best credit, and the rumors in relation to others, constitute a serious obstacle to resumption. It is said that those Banks which have done most to supply our circulation, that is, those Banks which have discounte1 business paper, are in the power of those institutions which have dealt in exchange and charge the business banks five per cent. on balances. The consequence must be that the latter must cease to discount. The effect upon the business of the city is obvious. It may be that the Bank of the U. States has four millions of dollars; but that does not prove that she will not be compelled to go into the market and borrow largely. Her liabilities greatly exceed that sum, to meet which she must sell her state securities now in Europe at a great sacrifice, or she must borrow money at usurious interest. Again: It is said, but with how much truth we do not vouch, that the arrearages due from the Treasury and the claims which ought to be adjusted and allowed, will be upwards of $20,000,000. If these should be discharged by an issue of Treasury notes, bearing interest, the Government will come into the market as a borrower for that sum, and the consequence will be ruin to all those who are much in debt, and are at all dependent on bank accommodations for the regular transaction of business. Instead of aiding the business of the country, the capital will be absorbed as it has been by the two great borrowers, the Bank of the United States and the Government of the U. States. Is it not folly for the Banks in Baltimore to resume, under these circumstances? Will not the credit of our Banks be more injured by resumption, than by a further suspension? We say nothing, now, of the necessity for a change in our Tariff. All parties seem to be agreed. We know and speak advisedly, when we say that Mr. Calhoun believes that a duty should be laid on many of the free articles, especially silks and wines, imported from France and this, with the whole question of the Tariff must come before the next Congress, and will have a beneficial influence on the financial condition of the country. The liquidation of the balances due from the Treasury, may be made in a way greatly to aid resumption. This, it is hoped, will be done by the next Congress. It may be done either by funding the debt, or by an issue of Government credit, not bearing interest. Again: The question of the Sub-Treasury and the policy of the Government in relation to the currency, will be disposed of. We shall either have a U. S. Bank, or an issue of Government credit, and we shall have the influence of the Federal Government to sustain the Banks in their resumption. If the Banks can maintain specie payments under the present state of things, there will be no difficulty whatsoever if these arrangements were completed and it does seem to us to be unwise to anticipate them. But there are local considerations which should have great influence with the people of Baltimore. There has been, and will continue to be, a struggle between New York and Philadelphia for a new Bank of the U. States.
