Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-12-25
THE GILMAN

MIR. William Thornton of Washington, has
addressed project TO the President OF The II.
'iates-which certainly stamps him ti.St-
rate hnaDcIer. He preSumes thai none hut
iiie prgjnuiced, the ignorant, iLtercSted can
demur To his scheme He proposes 10 Il Sense
with gold and silver, except tor fractional
parts ct the dollar, as small change; aud these
too so highiy aduiterated as 10 prevent their
being exported or cOunteFfejted In iieu OF this
old-idsbioned medium, lie recommends paper
money; paper too TO be issued by government
at least one hundred millions of dollars To
he let out to well established banks at 3 per
cent.-the banks to loan il to individuals at
q, withdrawing their own paper aud suffering
no other 20 he offered i'll circulation hut the
money OF tue United States government He
says, the more money the government will Gre
ate, the more they will obtain for their back
lands; the more for imported goods the soon
er they will pay OFT the national debt, and
ceive an Income, which may be laid ont in the
redemption of the slaves, the establishment of
Universities the forming of roads, canals
bridges, public works ot every kind. Yet i, lie
no friend 10 the redemption of the public
debt, except in an Indirect manner; that rs, he
would redeem one hundred millions by bOT-
rowing another, and laying ont t,is second
sum in Purchasing slaves, who would soon re-
turn both principal and interest, and thus re-
deem themselves 10y labOur on turnpike roads
bridges, &c. SC.
And this gigantic scheme is seriously sci ont
ARMED and recommended at this IImc of day
TO thinking people; when the collective cX-
perience of all countries of the present times
proves, that nothing but medium which is
intiinsicaliy valuable gold and silver) can be-
come the measure OF rdiUe aud that no species
of paper can property become its substitute.
except paper directly cOHUertibie into the
precious standard for, Otherwise how pro-
portion the quantity issued to the healthy
circulation, or how keep II from deptecid-
tion9
This project caps the climax. It's inventor
should take out pdfeHt right 10 il moi thai
m h.atr Ia afse A.,
| himSelf-or that any body would ever use the
| patent but to place upon record the most AS
toniShiHg invention OF the lgih century: mn
| invention. which dubS its author, the Prince
| Of Projectors. NO quiz.
| Mr.. j. Dnanes resolutions OIL the Missouri
| Question were unanimously adopted ~ the
! House at Representatives ut Penn ylyauid.-
| They are now before the Senate. The Only AZ
| teTation made III the RI. OF H. was any tbiu,
| else Than all dmfRdmcHt. IL was 10 request
! both senator's and Representatives instead OF
| " iHStrHctiHg the Senators on the subject. 4
state legislature has right To instruct its Senators
OF n constitutional question. This Is the strong.
! este that can be pat and if il does MT
! exist 10 this case, the rtRht Of instruction
seems To exist no where.
Earl> on Thursda, morning. Mr.. SewalI Os.
good ofihs cry hung himself WIT! q silk hand.
kerchiei tied to the bawistcr OF his stars lie
was native OF the Eastern States q iursCyc.
raj years Piled tie business Of Il blacksmith
| with great success but turning his utud I'd
other things, lis affairs fell into disorder and
he into debt. His embaIrassmenfs affected hi,
spirits and urged him to tie desperate IesOlI-
| ton OF doing au act, which has left y wife
without husband, and tiv,ichiIdren wiihcn
father. Mr. O. was hOncst, active, intelr
geni, pnbllc-spiriied. Formerly he had So.
nalized himself by his zeal ~ eAtingu.shina
fires, aud was presented by The citIzens o
Manchester with silver cup as tribute Il
his eXertlOns on one occasion.