Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-01-29

pence OF the bOrrower.-tie entered into
a reply TO the various arguments that
we're urged OIL previous day. One il
iustration was peculiarly happy; TO prove
that money is as well an article of COM
merce as medium of exchange, he re-
ferred 10 the period when tobacco served
as medium OF value; and vet al tina,
period tobacco itself was an article of
commerce, varying in its value asEthe
market rose or fell.
MIR. Booker also took the floor; he ex-
paiiated with much animation, and we
believe truth, on the various deviees now
resoried 10 10 evade the present law: buy
ing bank stock, for instance, at high
advance, and employing the same bro
ker 10 sell il out al the market price; per-
| baps The broker sometimes having the
money i'll his hands, deposited by the
owner of the stock. He stated other
modes by which, the Usury law may be
evaded.-He concluded with moving the
following by way OF additional section 10
the substitute; this section being part
of the original substitute offered and this
day Withdrawn by Mr.. Goodwin.
BE further enacted, That whenever any
| bond, bill, note or writing for the payment Of
| money or tobacco, shall be executed or made
without bona fide consideration moving or
| passing from the obligor or maker to the
| obiieee or payee, for the purpose with the
| intention OF raising or obtaining money, and
shall be sold, assigned, endorsed, or transfer.
| red to any other person or persons, at a de-
duction or discount exceeding the rate of six
| per cehtum per annum, every such sale, as
Segment, endorsement or transfer shall be
deemed and taken to he usurions, unless such
purchaser, assignee, endOrser, or transfcree
shall have used due and sufficient diligence to
ascertain and discover the true consideration
OF tile bond, bill, note or writing, and that the
real object and intention OF the parties to the
same was not usurious, and shall have been
deceived in that respect.
This amendment was adopted-and
the question was then taken on The a.
mended substitute-and carried, ayes %,
| noes 66-1he committee, thus determin-
Ing by majority of %, that they would
prefer TO tighten the present law instead
OF relaxing it.
Upon the committees rising, the ques-
lion came before the House, on adopting
the amended substitute, when MIR. Hooe
oil Prince William moved TO postpone the
bill till The 3lsi OF March.
Mr.. Graves opposed the motion, upon
the grouad that some change was neces-
sary; thai The subject had been acted on
by the legislature for several years, was
well understood and the present law was
ing found Intellectual
Mr.. Hooe dwell upon the importance
| OF the subject, and upon the circumstance
that Tie people chad not sufficiently ex-
| pressed their sentiments upon it. Post
pone The subject until the next session,
and members OH their return TO their
constituents may ascertain their wishes.
MIR Brown of Fanquier, opposed the
pos'ponement; upon the ground that the
| question had been ag,iated for several
years, and thai the present law was in
efficient. The great argument indeed
urged by tile opponents OF the law was
| that II cannot be enforced. Ii is the
duty of the legislature to try TO enforce
them.
The question of postponement was
then taken by ayes and noes. and carried,
ayes ll3, noes So, as follows;
AiES-messrs. Banks, (the Speaker Everett, Jeter,
Garland, Brown OF Bath Campbell, Gray breckenridge,
Of cnneseI EG Ws" semey 9sacey, Boi'eIa h
81 Essex, Garnet, Thompson, Smith Of Fanqnier,
aaaen' Strange, Greer, Woods, MasiiI, Johnson OF
Giles, snidow, Morris of Gloucester, Blair, Hail,
| Smith Of GTeenbrier, Mclaughlin, Logan, Mere
dith, Morris OF Hanover, Cunningham, Johnson of
HARRISON Faris Martin, Smith Of Isle Of Wight, Crock
en- Bassei, Davenport. Lucas Lowell, Buster, Walker
| Iaaferro Of King George, Hill OF King William,
bowman, CuIIie, Chrlsman, Mcmillan, Bail of Lou
doun, Harris, Winston, Niblett, Hill OF Madison, Can.
trll, Henderson of Mason, Roy, Burweii, Nicholson,
wilson OF monoHgalia Evans, Vass, Bowyer of Mont
gomery, Charlton Christian. Cook of Norfolk county
Hodges, Dnnion Chinn, Middleton northumberland
Fletcher knight. Rves. Irwin, Davis Harsh, Fairfax,
| Hughes, Staples wooding Holt, Hooe OF p. William
Bate Ball OF Randolph, Booth, Street, Branham Bow
| yer of Rockbridge Mathews Dickinson OF Russell
Jesse, Rogers, Briggs Bowers, Quar!es, Holiday,
| Huson, Wells, Deiashmult, George, PeeTy, Dry den
Mayo Henderson of wythe, Gleaves, McCandlish, 10y
all, Johnson OF Petersburg, Slevensen-ll3.
NoES-Messrs. DIummond, Baldwin. Anderson,
Cackley, Porterfeld, Bocock, McGnnis, Stewart, Bat
Iingien Of Charlotte, Wills, Clarke Goodwin Brown Of
Fauquier woOdson, Ferguson. JefrieS, Darlington of
| Aylelt, RoszelI, Mcwhorter, Raymond. CriitendeA
Ron, Hamilton, Borland, Graves, Nottingham, Shelton
Miller, Watkins, Booker ward of Princess Anne. Fox
Alexander Herring, Albert Coville Speugler, Velvin
ISIS.
The House thus decided by majority
Of So, that they would rather leave the
law as il is, for the present, than make
the contemplated change.
t~5- The Preamble and Resolutions of the
Senate OH the Missouri Question are now
upon the table ofthe ii. of ID .SAs soon as they
have been acted on, we shall publish them en-
as we thought IL best to wait for the amend
ments which might be made.-It has been COIL
J siderably amended from its first impression.
TO THE EDITOR OF THE ENQUIRER.
SIR your paper of the 1h inst. noticed
communication from the baltimore Patriot, res
pecting four lsIndH SciooHerS, sailing from SRou
Hill Of tcIich y0u tciSt some Information. As
wGS oRe Of The justices of the peace that command
ed the boats. can giUc you Il true statement Of
that transaction.
That business had been dgitdting erer since last
spring UheR IRE iGere not SOtreH acquainted lCith
the lac passed by our Legislature at their last
sim. Persons had been in The habit Of getting
OySierS on the opposite Richmond county, side Of
tic riS, until the inhabitants If that side drOUe
hcmCF dhdmddc some pay a fine. Finding they
wouid not be aLFeredto get Oystersthere, they came
oUc' this side. Al one time teytcrTe l2Sai az num-
her, dHd one Of the purity fired mluShet tau at
| INIT froHp 4 an f9r enu1 90