The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-09-24


The observation on thu, was, that Drag
was good dog, but Hold fast was Il bet-
Ter. As 20 the main argument before the
house. his opinion was clear. that pressing
the bank to pay in goid at the present mo
msnt would be injurious one Of It's first
effects would be TO make II narrow its dis
Counts: aud let the House pause before they
urged measure which might be fatal 20
the whole trading body of the Country In
another point OF view, why was the tenant
to De forced to pay in gold when he was
forced to receive his payments IN paper 2
Hedr. The result OF forcing the country
BANKERS 10 pay in gold. would produce Il
ruinous confusion in the whole OF our inter
nal commerce. and il would be rasnness *
folly to urge the measure The cry, On
the other hand. was, The ruin OF credit but
VINO would beileve mat cry now! lie lN1r.
Snerfdan) was become shy -of attemptlue To
turn prophet ON the ruin and CON us,ou OF
pubic credit. 1t was wonderfully long Ii
we'd il had a miraculous faculty OF Il, cc,y.
tug tie most .ious prognGs ic4tors ,ts
deaei,. lie (Mr: Sheridau) had once I'm.
siru iimsen iIt.ie i'll the debates which
occurred ON the restriction, and lie had OF :
tered resolutions, and even ventured tu
prophecy ;buthe beieved he was nav grown
wiser. AT a subseQuen. u,se, ne had s,a-
tCu, THAT SCNCUlS6b lnilitOllo car RUuIu be
enough Tor peace establish ment. Nj. Pitt
sand, tnat hIteen and MALT would meet e.
ve.y purpose anu II miiiions was actuaiiy
al that time surseye most enormous
calculation. II was SAID that the Cuui,tr,
must sink under the weight fuevilaUiy win
GU, nope OF redemption Oh chance oi recu
very. But now, aud let the House ioog 10
it, now, after pressure, and pIensy, ana sui
ie ring, and even IN spite vi prophecy. let
ths House louk TO, the seventy millions a
year, raised the people, without d,m,-
mutton vi their power, or theii happiness
Hear Let Il lock TO The present state
OF che metropoIs, Its growth, its splendor.
its COntrIvance. It's innumtrdDIe exp .iients
for luxury < comfort; & then let then t. TX OF
thE decay OF public credit. Hear He
was surprised and panied TO see any hing
like party spirit on an OCCASION O. this ma.
tu'e. 1t was not a thing tor party spirit
Il was not subject On which il was possl.
bic for men TO cume to a peremptorv ana
marked difference. The subjecc was I'M
ce rtain the conclusion was not Capable Of
an exact view and when men ATTEMPT 60
treat financial subject IN the not spirit of
political Question, iney only give occasion
TO doubt tileIi motives and thrcw dIscretiit
on their public teeii"g. VIII con d believe
that IL noJie ior lkihgj would ever nave
stirred this question, II he mad not written
a book! (Hear TINS WAS an expediu.
Gus mode Of converting peutrais into party
men and we should nave Bulionisfs and
Anti Buiiiunists, without number, and with
out federation There were not a few of
those aurhors, who would now perhaps nave
been better pleased II they hal let wriung a
lone tor while But TO return 10 the gu s
ton, the credit OF the Country was not sha-
and this was only an additional proof OF the
vigor 'oi our credit. Where the credi. OF he
country is feeble, there gold must be, FOR
nothing but gold must be trusted ; oue where
there is no tear, paper will naturally So.
percede gold, and suffer It to fly off to coun-
tries where there is more doubt, and where
paper is worth nothing (Rear.J Yet
with this medium, which was so disgraced,
we had the means of dong great things still
we had even with dur paper sustained great
emergencies, undertaken great works and
we're still equal to struggle with any thing
that could be thrown in the G: asp OF our ma
tional strength. Away, then, with idle spe-
culaitonS. we must not hazard the cause
OF EuroPe--no-the cause OF the civilized
world tnat was entrusted to our care, on
schemes and suspicious suspicious which
might be unfounded, and schemes which
were probably impractcable. (Hear.
Hear, Hear.
Sir f. BurdeH could not agree with the
idea, that the present bill would have any
good effect. The bank could not be res
traioed by any intelligibic principle from
making extravagant issues of paper while
their government called for them, while
their proht conspTed with the call, and
While they were secured froG paying their
deots' " would be impossible to keep gold
10 he couafry ; aud the mos 40 uCky results
must follow from the present system IL
was absurd to suppose, that hgt could stand
Tor value which had no value, and tina,
there was any good in the promise without
the a6ihty TO pay. The bill was more aim
ed at DE fonge's practices, than at LORD
Mugs principles, and it must be nugatory.
ne argument, that tenant ough, not to be
forced TO pay in way different from other
debtors vas very fair one but the evil ofthe
bill Was, that it went to intcrfere with pTi-
vate property. Lord King had Oeen hardly
treated MS fortune was not made bv sine
cures orpubiic piunder aud yet this oil
went 70 deprive him OF the management of
il.
He regretted that the Directors of tho
Bank had not their whole fortunes embark .
cd in it, as they would iheu be more eau.
tious OF their proceedings. AS it was. the
oank was merely state machine, and The
greater part OK it's present difficulties arose
from It's sU6servency to government. A
strong objection TO the measure was. that
it was temporary. Ministers ouS!i, to stay.
and the House ought Sill TO debate. late as
4, 4