The recorder. [volume] (Richmond, Va.) 1802-1803, 1803-06-04

chs Individual perlnns N favour OF whom
certificates we're frt granted and en-
suire what was sheir e$cluiive utie so
forty two millions oe dollars {
1T is one of the arf principles e
trade that a banlsrupr lhall do equal JUL
tcc 80 each Of his creditors. If nc
prefers one indieidual, or few Of them,
TO the ccf, the law is ready TO Punlih
him as a cheat.
Subitantial equitg declares, shst deb.
Of twenty years old is as truly and jutly
due, as though It had been contracted
week ago. The creditor who lent q
guinea at Breed Hill and who has noE
received pagment, continues 70 be as
fully enti,e 60 fatisfaGtion, ~ he who,
III 49,, lcne / iccona guinea at York
town. The claim becomes even hrong-
er, lincc, belides tho mote heavy ac-
cumul&tion of,nJcr>lf, he may have fuf-
tered much greater Inconvenience and
vrxaSlor, 5y tbs greater length Of time
during watch ne has been declared
rom Ms money, Ii accident has def
ttoye ,or nl-laid the voucher ofhis deb5,
that docs not, IN any meaiUre, lencn tae
moral oollsa ion TO diea1rgc IT, A
bankrupt pro1ciias rhas ae would pay
onc fourth, Of one thcuiandth PAX of MS
cedicors, viii. lac bis dafsuce ro g,lc
f1naiDdcr, VIA b rsg&ried in thc wort
l.gh, AID "a nn!1 &c who nrcpoits -
di(chafgc every de6lip1p-: cd within TIE
i4tt eoctsc n.oncls, wlic he diicH rs
every preceding obligation ofr i,ae kind.
The partial ditca2ryc evidently preju-
dlces his olher --cdiro5s, ana hence it
d3es,Aar, il III: i.nalIe:t degree, irradl
atc the gloom q il, Oh. atj~r,
The remarks will no1 be Ill puted
ano raey may ierv@ as a natural intro
cu.ti9n TO fane account Of The la,e and
prsient iituatton Of PUBIC debg. Fhe
iaS5s arc fully known. From theft. We
learn rhsr dltc creditors at prelcnr quar-
te.ed On rhe revenues Of the union, do
not conlhcu:e more thtD a I'VE hun
SF-dth par, OF ghoic 10 whom the coul-
try IS sttu4lly indebted; ehar an infinite
ma)2nly or cals latser c!a!a, Of in.ieed
al'ott every ons of chem, has been
robbed aud cheated by operations of the
reYol" iof1afy congfeiS esp, Say planned
for ta@t effect mat, in arder TO make
f1e icene proceed as is nad oeaun, the
Congrsis Of 1889, fai(-acd on rhe reve.
nues OF the union, c!ais Of claimants
not ehr mott mericoEious OF III. whole
bodY. md wlo'- 3smanIs NUT be diff
charged from tac pockets ofehc gcn,aio-
ing CREDITORS, wh > IN genera. need pav-
Mem IN ore, and have ana III uaiyrriaily
deicrvcdit 1teger, -hsn Mr.. Ssdg 4ick
and o~hers VI the fayoufi.s dctacn nenr
OF tpeculasors.
I1:re it seems proper 60 60 back 70 rfs
war Of IT'S, and examine in what Wv
The puo!ic deot of TIE union originally
commenced. Dir. Ramiay, 60 whom
American hittory has cxg-nliye obIis--
tlons, gives eonciie account of ic. 7,
jung. l775, soagreis refolyei 60 e;n,r
olii' Ct cfcdir u the amoaac OF rbr.~
millions Of dollars. Oh Toyrn,,,
2 ~, a-fecond rciolution pa1sd for i.
iulGg ctIeg ghrse mill 5na. On ne
I7sa oFFe5-n@ry, tZ16, ioug millions
m2se were ordered 20 be emitted, All
two refo'arions ofshe OH Of NAV ami
zad J"oe, folloaing, added zen nil
hons. The whole came {, rwcrry MI
lions OF dollars. AFRAID Of pulling hi,
experiment any tarther, cJngrcis, On
Oaober 81, ,776, relolved 10 borrow
nv; mnh.as, and loon after projected .
lottery. Both ref)urces, though conf.