Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-08-08
RELlEFS.

REIIEFS
The Legislature ofTennessee have vet come
to no decision on the Loan Office Bill. The
last scheme of relief indeed, which they had
before them, proposes TO change the Loan OF.
hce into Banks win capital of 5 900 900
one located al Knoxville with 400, OOg; and
The other at Nashville with 600 900 The
Legislature to appoint the President and di-
Tectors and these last to appoint agencies
IN each county, TO loan out the notes Tor
tile relief of The people.....Its funds, 10 be
derived from the same sources were con-
tempia ted by The Loan Office Bill. (eXcIuSiye
OF the borrowers notes these are the proceeds
OF the sales of the Hiwassee lands, the pro-
ceeds OF a loan to be negotiated by the state
OF D 100000 on o per cent stock, &c. &c. y
This scheme of the select committee has sihce
Deen so tar modified as 10 strike out the provi.
sion for the erection of tW0 backs, and insert
one, TO be located at the seat Of government,
1t is astonishing. with all the tights OF expe-
fience recently struck out, how much igno.
rance and empiricIsn still prevail on ths'pro.
blem of paper money.-A writer in the N Y,
National Advocate proposes TO the Secretary
OF the Treasury i'll the Ist place 10 have the
quantity of the circulating medium fred."--'
2diy " III order TO effect this. all banks and
every body should be prohibited from issuing
any paper money, and ordered TO call iD all
Their outstanding paper, aud gOUerRment retain
the erctuSire right of issuing paper money :" 3rd
This paper not TO be coHrertibte into specie, hut
into the public stock, If the holders OF that
stock please +; aud based upon the public land,
&c. &c.
But why all this tamperins and qnackery ?
IT mnst be known 10 The Legislature of Fen.
nessee and other projectors, that nothing will
serve as circulating medium, but specie o.
paper Immediately convertible tntO It-tllat
ailarge quantity of paper besedHpon any her
fund, must depTeciate, aud has this further ir.
resistible objection, That yOn C an never know
when there il enough (neitheT more nor less in
circulation than is necessary tor the demand
of the country. To this complexion we must
come 1T last"
Not bearing interest
The last Norfolk Herald furnishes ms with
the opinion Of JUICE PARKER, iH the case of
| four OF the crew OF the Gen. Rondeau. vito
were brought before him on \ writ Of Habeds
Corpus, aud by him ordered to be discharged.
| Ii occupies sis columns of the Herald, aud we
are under the necessity of laying il over ull
! FRIDAY. These men were committed by war
rant from the Mayor Of the Borough Of Nor.
| felix, to he tfied before the Circuit Court Of
| the Unitgd StaieS.... .Judge y. states three
| questions TO grow out ut the facts OF tue case.
LIST. Whether sfdfe officer has authority to
/ grant warrant OF commitment tor breach OF
| TIE criminal iaGsof the United States He waves
delivering au OpiuiOu npOu this point, as The
| '.distinctiop dfawuby Judge Cbeyes (setween
ministeriat and iayiicia acD NAY be fourde o
\ on good reason as tia counsel for the PR
1 s0mers has expressly declined making or arcn
| ing THIS objection TO the proceedings; and as
1 from, the opinion" the jNdge has formed o.,
| other parts Of the case" he was "uHder no
4 necessity of deciding his
| ID. Whether as tue arIest is under colour o
| Authority from, tas United States. ne as