Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-05-04
FOR THE ENQUIRER.
THE METHOD


10 get plenty ofgold and silver to Virginia, for tie
US oil the Banks and people, and to pat an end 10
shaving of paper.
Several writers in late Enquirer express their
concern, that the Banks viii not be able to pay spe
c'e against the time appointed by law. arj tbrqe
writer's warmly reprabate uuiry and sbay;np of ma
per. Asalnst these evils the following isa remedy.
an "h'lhoie remedy, and perhaps the only rom edy
.epe@i the law that limits interest 70 six per cent.
that tue widow and orphan may lend their money.
Us "sii rs the sharper, 20 the highest bidder and
aier the law m respect To the reeorup Of writinos
SO that every thing msy be private transaet;op
lli The time IT IS put on record ia the county where
inc property lies, but public from that moment To-
ihe exclusion ot every other cIa ill that is saii, d.
ana then would venture all possess, tia; there
VIII be plenty o. gold and silver in R,chn0.i and
the state OF Virginia in general Tor every person
mat chooses 10 borrow, at eight nine or ten psr
cent. per snnum, as mortgage on real estate.
or the sake OF people who 10 no; understand
tne difference between the laws of Virginia snd
nose Of other states will ii,hy explain. IT ven
lend money ~ other ststes aud with to secure the
payment ny mortgage, you 90 10 the county clerks
books, and ~ aiew muutes ascertain whether ther~.
,5any ncumbrance on the property aud # there
be none recorded, in the county where the pr,per-
y lies, II can be nothing but private trsnsacion and
II cannot Interfere WITH your claim. which you re-
cord when you lend The money and bsfJrs any o.
ther clam IS reeorded Again, most go,d people
are opposed TO litigation, and person who is on
posed TO litigation, viii take tOmd snd judgement
from which there Il no appeal IN other states and
ihe lender can tins mt his own whe,< he
pl,ases without difficulty, lawsuits, exrencc or de-
lay How different the laws oi irginis and e.
Tie law allows the interest in thus, states rs ours
90. No wise and good man therefore, will lend ,,o-
ney IN Virginia. Besides uiat LAWYER cannot bc
employed ~ other states a plain bond, and u he
were 90 take fee in such case the penalty is Sc
we're. lhe clerk OF the county, or magistrate, on
he pr4ff rtf If
statement, issues out az once, the proper process
Hence, besides The facilities Ocollec debts in 9th
er statcs, and a kinds ofnropsryb ing liable To pay
What oae owes 4 close i' TO- some week or months
await every person that fails 70 pay whit he owes
add no coming out ct q ti h. has givca such ac-
Count oi hD transaction 10 satisfy select Jurors
tat he is an honest man, certainly every Derson
viii send his moncy 10 those state & no, lend 4 ON,
Virginia mi, Sc he b. sharper There is gold and
silver IN abundance 10 tic world. Let IL den be
known that Virginia wants money. tat eight nise
or ten per cent. may b. had for 1t tiat our Ia VS.
give the best security TO property, and let there be
no scheme left for the debtor 10 Dat or Va, inc what
he owes, and we shall be 10 few months altcrward
rs much overstockod with gold and silver as the
European markets arc with our Noir
Honesty aud plain dealing are the best policy |
Some suppose that the Bible forbMs What we call |
lsliy But what call interest ia what 10 called
IN t.at sacred volume usury snd what VIC call "a. |
ilrJ, 3 called here cStoitiOn. The Jews, whilst |
hey Inherited The laDd Of Canaan x thcy only, were
orbdjcn 10 take interest and that oniy of one ano.
her beir fields we're given pp ., their owners |
me wear 10 seven, % bc culyafcl ~ the pn1r and
he scattered wheat alter tc rcapors was also com.
Danded 70 be iei for iIe poor. But none Of these
avs apYrehcnd, reached 'ous. Onthe contrary, !
Moan has rs much right 30 lend his money nj ten /
rt"enty per cent interest, as he has 90 lend bis I
interest.