The recorder, or, Lady's and gentleman's miscellany. [volume] (Richmond, Va.) 1801-1802, 1802-10-20

thc creditor.
A confederation ltill more weiehty Is
derived from che bankrupt laws /; i
impolilble TO aicertain the proportioa
winch the mats of trading people, and
the amount OF then property bears 70
The population and wealth of the whole
country, Ii is probably more tLan
one ti'rd. Whatever it is, it is undet
the immediate operation OF law, which
at once, without the Formally or delav
OF lulr, rakes from a man every rbi,5
thai he poiiei.es.
ihere are other circumstances, which
iuPeFcede the necetIity of recurring in
shaf country to the meaiure now propof-
cd: but the remarks already made, thew
10 itrlking a difference between the &
1uation OF Virginia and Britain, char the
experience CT one can afford no guide
tor the condu6t frhe other.
nc principal city of thar country.
however, affords remarkable illutra-
ton Of the trurh and importance oe the
principles mere incuicated as to credit.
nc what IS called the weft end Of the
Gown goods, iris laid, are from RIO to
A.2o cent dcarer Than they are in what
IS termed TIE GIy- The reafon IS OBJ
Vlous. The welt end ofthe town is oc-
cIPied by fort Of people whole perions
are eXemp5 from arrett, and Whole
ettafes arc tetl'el upon chem and ii cir
children. Ihey are therefore. gene
nerally tpeaking very ready 10 coHrra6t
oeoFs, and very anditlercnr about pay
ing them. Hence the merchants with
whom they deal, take care 70 be
indemnlhed for riik and delay, by put
t!hg a heavy advance On the price Of
their goods.
Ihethird objection deferves notice
more on account of tine hanlfomc de-
ciamauon 20 which it has given birth,
chan Tor It's Intrjniic force. Isis naforaI
that a man thouid view wilh affe zion
the place OF his birth, and the re(dence
OF his fathers; bur he is not a wiier man
or better cltizen on that account. If
however, the propofed law takes place,
this ientirnent will be rendered fill more
lnterelting. becaulr the proprietor of an
ettate which has defended through many
generations, will have before him 4 per
petual evidence Of the frugality, induf-
cry, and integrity of his ancettors.
ne fourth objection clalhes WITH one
which has been often urged in this coun-
try lthas been frequently oblerved, that
The itate of Virginia labollred under dit
hcuit!es of peculiar kind. It's Grade.
II IS lad, is conducted by people VINO
having no permanent inrerett in the
country, leave it with the fruits Of their
indIltry icis now objected that this
law viii give them a permanent int
The anfwer TO This objection is con
cie!'Yc as we'll as obvious. Merch2nts
WI not become the purchalers oflands
1oiG under execution. Thcv do NOT
want lard. As long as they remain in
trade, it can be Of ii5tlc fervice to them.
Ii however, they with to purchsle with
q view 70 iettie here, they can accom-
pm their purpofe without the aid Of
this law. lt may be faid roo, that mans
directions are generally in the neigh
oourhood OF his interelts, and that a
permanent attachment viii always be
'eit' where there is permanent pro-
perry.
Where feveraI caufes contribute 70
rae production Of the fame effects, che
exact operation of each caufe cannon
be Mcerrained. The fcience of politics
has not yer attaincd fuch QeomerricaI
Preciiion. 1t isinot 70 be underfood.
therefore, thar the evils enumerared
IN the foregoing pages are confdered
rElLILttrnnr IL /