The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-02-16

* sssry for circulation and the Sum remain
,.g, VIZ SO $50 $50. constitutes the ability
,t-sne moaied capitalists to loan--of this sum
We propose to borrow $4,000, 600. Having
'hewn the ability to lend, the only question
elnaining rs. will it be the interest OF those
Who hold the monied capital to advance, it
to the government !. a monied capitalist
VAL always pursue his interest. In deci-
d'ding this question. the calculation will be
made on peace or war. No prudent man
T'ii loan his money without taking into view
both these events. In the event Of peace
an INN: date rise in the price Of stock af-
fords certain prospect Of profit. As an
,n'estiture of money it is more safe than in
Banks. inasmuch as individuals may fail and
he nation cannot. For merchant whose
in consequence Of the present stu
a'ion OF the country, is withdra WIN from com
me'ce. 1t Is better 'hves,iture than in manu-
iaciures. The money invested in manufac-
tures cannot be Withdrawn without less in
the sale of the buildings and machinery ne,
cessary tor carving them on. The stock
however of the United States could at once
he converted into money at considerable pro.
mt, and his capital again restored to its for
mer channel. If therefore peace shall take
place, to which confess look forward
with some degree of confidence, the present
loan combines all the advantages of 4" safe.
ty, "profir," and a command at will of the
capital invested. Ifon the contrary ahese
expectations shall be disappointed aud the
war con,isue, our limited commerce must
leave unemployed large surplus capi,al.-
II is true that the increasing demand for
oar own manufactures may afford employ
mens for part of this capital. To those
however who have formed commercial ha
bits and look forward to resum ng their &C
customed occupations, such An employment
fcapit l;cannot be desirable. The stabii-
~ rf rnr credit founded on a'punctual COM
p lance with our engagements, must be
gratifying to every American. During 81
years the faith of the nation has never been
quesiioned-our credit has grown with our
strensth-our resources are ampie-to bring
them INTO action requires nothing but union
and energy. "a. - % -, :.;.,
M. Bigelow of Mass followed MY. Eppes
in debate. but not IN the course. of his re-
marks. or on the merits Of the bill. He
should not vote tor the loan, he announced
because it was for the support of a war i'm
prominently declared, and enormously
conduct ted. To shew the inexpcdency of
the declaration of war, he entered into a
particular historical review of our measures
affecting foreign relations for several wears
past, commencing with Mr.. Jefferson's re
tusai 10 lay the treaty with Britain negocia
ted by Monroe and Pinkney, before the Sen
ate. Mr.. B spoke an hour.
MT. M Kim ct Md. in pithy speech re-
called the attention of the House from the
exclusive range taken BY Mr.. Bgelow, to
the present state of the nation--to things
as they actually exist on a full consdera-
ton OF which he declared he must vote for
the bill &c.
HE committee then rose, reported pro-
gress, and asked leave to sit again:
Thursday, FEB. 10.
Mr., Jennings Of Ind. presented petitions
from sundry inhabitants Of the staten -asd
territories west of the Allegheny mountains.
to the same effect with the petitions Of other
inhabitants Of said states and territories
Referred.
The speaker laid before the House let
ter from the Postmaster-General, transmit
ting ms reports relative to public contracts
and the salaries of the clerks employed in
ms ONCE ; which were ordered to lie on the
table.
On motion of Mr.. Roberts of Pa. who re
ported that the committee appointed on that
subject found it unnecessary to make any
alteration IN the rules and orders of the
f1ouse, the SAID committee was discharged
from any iurther consideration of the same.
On motion of Mr.. Clopton of Va.
Resolved, That the sommittee m ,he In
dietary be instructed to enquire into the ex
Pediency OF altering the times of holding the
district courts OF the United States for the
Virginia district, and that they have leave
to report thereon by bill or otherwise.
lhe house again resolved itself into a com
mittee OF the whole, Mr.. Nelson of Va. in
the chair. on the bill to authorize a loan for
the service of the present year
The question yet being under debate. RI
hi the blank with 25,OOO,oO0-
Mr.. Pitkin of Cont in speech of rather
more than TWO hours in length, opposed the
motion. His speech evinced much industri
Gus research into the hances of the nation.
and from the particularly Of his state ments
OF hgures, is not capable of abbreyjaticn.
AS we shall, at future dav, lay his speech
at length before our readers, the reporter
contents himself for the present, with stating
that Mr. P. objected to the loan because il wa
TO supper, war for an object not to be attain
ed, u it attained, not worth the cost because
II would saddle the nation with an enormous
debt, which must eventually be paid thro'
the agency of internal taxes, &c. &c. T.
the course OF the discussion of these points.
he took view OF the present state Of the
question between this country and Britain
which he discussed in a candid manner
disapProving the course of the government,
and deprecating the prospective course OF
this vac &c.
Mr.. Shelley Of Va. followed Mr.. Pitkjn.
and had spoken for an hour in an energeti
and argumantative manner against the bill,
when, on the receipt of message from the
Observation-Disclosures yaa,aLor f ~. b;