Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-28

means, Instead OF suspea.!ins this law,
yp;, ntight 10 odd new puuisiunents to il.
/Cn this ;art of subject, air. Il said,
he wouli beg leave 10 enquire, why the
banks q, not at t;;is moment pay specie Z
SIR, they 90 not pay specie, because 9th
crS will NOT pay th.u-;he moment you
e,.aDie then.;o collect it from others, they
VIII pay al their notes, ana have -59J, 900
TO spare. But Ni.at sort OF Justice do
yoG now deal out 10 them! ion would
compel them TO discharge their notes at
ten days notice, while YOU force them to
wander through all the mazes OF the law,
for ~ months. Is it just then Tor Usen, to
be compelled to pay, :,liise You deny
them the same means of obtaining pay
ment from thOsc VINO owe them. IF ten
days are sufficient to proceed against
them, ought YOU not to allow them ten
days TO proceed against their dealers D..
But if YOU do this, you must 70 one step
further lfyoumake the banks pay 9th
ers, and therefore their dealers To paw
them, then viii YOU place the same argu-
ment i'll the hands of their dealers. " Il am
able 10 pay,he bank, ifyou will make nv
neighbour pay me-" If A owes b f.lO0,
and 3 owes e, what species of Justice is
II to permit 4 to collect his debt in ten
nary course of the law, to collect, perhaps
in fen years, from G, the very fund with
which he calculated to discharge his
own debts. Are you then prepared TO
say, that every man IN the commu-
nitvis to pay his debts in ten DAYS 2.
The whole community consists oflinks
connectedtosether. Alllegislation ought
20 be general, or else Injustice will ineviiaA
bly, be done.-ls this singular iliea ?
Look at fhe statute which WAS passed to
regulate the concerns ofthe Mutual Assn
rance Society. Some years ago, they ask
led you To permit them 10 collect their
slebtsat 10 days notIce-and what course
did you pursue You told them, that
Justice was to be dealt out with equal
hands that if this privilege was TO be
granted in their favor, it was also fair 10
exercise itagainst them. So let it be with
the banks, if you act atall-Grant them
the samedispensation that YOU have gran
ted to individuals. You may act wisely
by changing the precepts Of your law :
but, for my own part, (said Mr.. To Twill
not adopt such expedients. am op3os-
ed 10 such innovations. | would say with
the barons OF old, will not change our
ancient institutions. | am unwilling to
| change the good Old laws Of this land. |
do not wish to introduce this ten dan notice
into our statute-book-bu the only limo
yation TO which could be reconciled.
would be 10 give additional effect 10 the
judgments of your cOurts.-If. then. there
be any defect OF legal means, at present
existing, we ought 70 devise new punish
ments: but we ought to make them gen.
eral--lfwe apply them 20 ono, it should be
10 ali.
Perhaps, Mr.. T. said it may proceed
from lhesupposition he had made,viz. that
the Banks have not the adequate
means to pay specie. All the arguments
indeed, that have been employed. 90
upon the supposition, that they are not
able TO pay specie at this tme..And are
your laws competent TO give them this
ability! Hyou were 10 pass law. dri-
wing the current of James River back to
its hills, could you do it? Could Won
make the smoke descend? The law in
deed would be on your statute-book: but
nature would still pursue her own course.
All then, that can be said, conducts us
at last to the same conclusion. flour ex-
perinents should succeed, we shall ONLY
be where we are. . If they fail, they will
even;uate in ruin.
| am then, Sir, (said Mr.. To- opposed
TO the selection of any particular day.
cannot agree TO any day in the calendar
because, do not know what is TO han
pen on another day. Who is gifted with
this prophetic spirit? would as soon
look 10 the calendar to show me. wl,ctb-
er on the Goth of February boar frost is
20 cover our fields, orwhether tl,ey are in
be enamelled with the blossoms of spring
The ability of the banks to paw specie on
any specified day, will depend upon e.
vents which we cannot anticipate. II
may III some measure depend upon the
government of the United Sta,es--and in
some degree, upon events which are be-
yond the contrOul of that government
am then opposed to any particular day
but, | would make it the interest of the
banks, and perhaps assist them, TO an
proach g contamination so devoutly 10
be wished for"
(Air: IaSeweN continued TO speak q
considerable time-IHe Conclusion IN ony
merit
After he closed, the Committee rose
and on Mr.. SCOTS motion, the House re-
solved TO adjourn till this day, elsucn a.
clock.
IL IN