Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1806-01-14
liz 10 Gents Sin.gle.1

! interesting subject. The information
which was laid before the House at the
last session with that which has since
been derived from the public papers, has
produced loud expression of public in
dignation, which il is our duty 10 echo
| with energy. 70 firefsr every consequence
TO irsnU and ha5fsaai syrong, is senti-
! mept OF the Executive, which has been
admitted even by its opponents TO be COR
rect and honorable. f.as the time arrv.
ed when it has become indispensabiy me-
cessary to reduce this principle to prac.
.ice! DO we suffer Insult and habituaI
wrong! Our merchants call loudly for
the redress of injuries. hope we shalt
redress them. L>t us extend 10 them
tie arm Of nat;oual protection, but let us
extend 1t also 10 another class Of injured
citizens; while we give it to the rich, let
us not withhold it from the poor. The
groans ct our impressed felIow-citizens
mingle with the murmurs Of every gale
iron, the ocean! The queen cf that eIe:
ment ought no longerto be suffered to
bsspangle her dadem with the tears Of
American seamen, or 10 substitute her
w'il and her inlercAt for the laws OF ma.
turc and Of nations. IL is To be hoped
that upon this subject we shall take an
attitude worthy Of the nation, an attitude
no. to be abandoned but b. obtaining co,ns
piete justice.
The resolution was then agreed to IN
Mr.. ]. HandoA'h said the COMMITTEES
OK Ways and Means had received letter
from the Secretary OF tb9 Treasury, with
various accompanying docGmen.s, on a.
ouse, a'iedged to have taken place in con-
sequence of the evidences OF the, nublic
debt being receivable in payment for
lands; and en- the vague provisions at
present ~ force relative TO the purchase
OF The public debt by the com missioners
Of the sinking fund. Having made BRIEF
explanation ofthese provisions, EIr. Ran.
doiph presented a bill 20 repeal the aSa To-
au.horiSe the receipt of evidences Of The
public debt liz payment for the Iaads Of
the United States and for other purposes
relative to the public debt, which was ra.,
Ierrcd TO committee of the whole ON
Thursday.
his bill provides, tina. l,:a aG. TO au.
Ihor'se the receipt Of evidences of the
pnbiic debt in payment for the lands oe
he United States passed March 5, l1s7.
snd SO much ofany other al:ts ., au.bor.
SEES he same, shall be repealed aner tho
3ist OF March T.ext, and that The COM
In'ssioners Of the sinking fund shall nos
&c authorised 10 purchase The pubic debt
II higher tatesthan co per cert. OF ,he
aomiuai vslue Of the 3 per Gems. han
he nomisal value of IS unreae.nesf a.
mount for any other species, the 8 ney
>ents. only e&ce ped, for which they may
give, III addition thereto, at the rate OF
,ne half OF one per cent. on che nominal
value, Tor each quarterly dividend Dsva.
bic from the time Of purchase TO Ian.
1909,
At tue close of the accompanying let
er OF he Secretary of the Treasury. hs
states his intention Of submitting TO the
Committee of Ways and Means. a, a e..
.ure day plan for converting the three
per cents. the old SIX per cents. and the
deferred stock, into a new stock bear;ny
an interest OF per cent by which means
ne whole public debt contemplated ~ he
discharged at Certain period, may he
: x,iuguishcd.
Do motion ct MIR. J. Randolph, the pal.
ieries were cleared about one o'clnck'
The doors continued closed until O.
short time beyond the usual period Of adj.
Journineni, when the house adiournsd.
Tuesday, January 8.
Mr.. John &. Smith made renort ~