The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-12-18

! rnong US in preference to those Of a foreign
tpower.
My Mitchell said he was one Of hose wh.s
lhonsht the bill OF no grea' public moment
pet ne lad rather il should pass than not
| He stated the reason why this section had
bsen heretofore suspended, namely, that the
'nint had not. rs had been expected thrown
INTO circulation sufficient quantity CT coin
tor the currea exchange. the failure be
uS produced hrs by "ant Of skill per
map, m the coiDers, and subscquently BY
! want or bullion 10 work upon Besides
when our dollars were coined, twas kncwn
% every onc that there was a prcdigious
expectation tn G.. Britain and the East In
dies; aud when IL arrived IN Great Britain.
II was we'll known, That as trpn the most
scrrpuious honesty the United States dol
'a"s aimed less alloy than the silver coins
~ other nations, they were melted down bv
Tue Shversnltls for plate AID tor otner par
poses ifitwas expedient to allow foreign
CONS to circulate, as they now do, b, com
mon consent for the purpose OF avoiding
litigation. he was willing to make them a
legal tender The law had already sufici
emily guarded, by various provisions wnichl
Ne. M read against the circulation oil
spurious ;itii other than sovti com WIN
such guards of lis purity, the alarm of his
coneaSre was quite groundless The coins
were now circulating de .facfo; the bill
proposed merely. when g .od, IT, establish
eg.'iN OF tender in relation TO chem
Mr. SoutfGrd was in favor of the bill
lie viewed the decision on the bill as hang
.'g on that Of question Of policy whether
IL was exPeGieDt 90 permit the circulation
OF any o,ner co,:4 than American * Spanish
milled do!lars> re thought legal circu
iat'on OF gold cc'n would be more advanta
GeouS ihan otherwise, and therefore he was
IA favor If the bill:
Mr.. Sccon said that on tie general br,n
cifis he could not see wnv foreign coio
should be made a legal tender, because
banks could coiec and have it ,eco,pet,. :
nul at the present morient. under the Dar
ocular circumstances growing out of the
non. rene avail OF the Charter of the Bank nt
me u S'afss which he understood was
winding up It's affairs, and mad Of course
nea'y demands upon che state BANS and
uAder one pressure produced by this demand
OF an increassd pressure crea.ed by the
bahE To serve their own purposes If foreign
coin were not made legal ,ender, the shock
upon the banks aud through them upon the
community. would be very severe Mr.. p
said he was not, at nc present crisis of af
,a'ra, inclined to give TO the Bank nf the
oi'ed states a facility TO augnen, the
pressure which really existed. These con
Z [
oui TO allow time for turtle consideration
I oi then, he moved that the Dill lie unon tbe
table ill TO morrow
| mr. HUrTyeU said in his oDinion the cap
/ uenlan last up lad taken a Correct view
/ nf the subjeci As far as IL had any i,fo,
ma ion, the Bank IF the U ) dressed verv
/ much upon the stare Bank, refusing 70 re-
IeiVe god com IN pay ment for heir notes
I VhSt"tr me la" passed Or not would have
= ~ o al
| Foreign gold com was ALREADY circnla. i'o
ana eVei1 one, who mad deb due 80 him
was wiling 20 Close It by receiving that
com III payment But Mr. r. said he did
DeHeVe, Shat the CRISIS alluded 10 was one
winch deserved the consideration ot tb.
Rouse aid ne believed, by passing such a
raw that they would enable he Sta.rBAnks
TO S,and he storm gathering over diem
his impression vas tina; -ha Bank If he u
o :" Obtain the rene wat of ,he cnar,e. >vtrld
make every effort 10 enlist IN their views an
! the moned institutions of the conn, ,e.
u any one showed disposition % oppose ,t,r
rensWai OF their Charter. that it would re
| Ce'Feno quarIer from the Bank of th. " :
ne quantity 81 foreign gold Col ~ in The conn
Try C"uid no' be Considerable. bu, nigh he
an oD)ect 20 the safe banks. TO those pan
.'eheh VINO wished TO sustain The state
oehks' the OBJECT o. this bill mus be very ne
l SSfSNOAS' AlO ColCu the attention Of tha
fi"use to paragraph he had seen in the
newspapers stating that from the single port
OF Philadelphia in he las, wear there had
| oeen exported between 9 and g millions of
s'tVer dollars; and inferred thence the nro
| oaole scarcity Of the u. S. COINS. Mr., II
was IN favor OF the bills lying for considera
ton a.
Mr. Seybert said that, for the informat;
on OF me House, he would state that the case
winch had been supposed, as likely to eyist
lad really occurred. The Bank ofthe u s
mao pressed upon the state banks, refusing
20 receive in payment foreign gold coin
Wmcn had been rendered, unless at a re
/ duced value He was therefore of onin;on
that the bill ought to pass.
so to 10. '0'0'
FRIDAY, Dec. n
Mr.. Southard from the committee of re-
vIsai exc; mace report of unfinished bust
/ ness which was read and ordered TO lie
on the table.