Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1821-01-04
CONGRESS.
HOUSE Of REpiEs INITIATIVES
THURSDAY, DECEMBER 2S.


he al enacted, Sc. Thai no lands pur-
classes from VA, United States on or be-
fore the FIRST day OF July last, shall be
considered as forfeited Ia The government
for failure in completing The payment
thereon, until III. 3isi day of Dec. 1921 ;
aud that all persons indebted 10 the 90.
verntnen' for lands shall be permitted, ON
or before The day aforesaid, 10 surrender
10 the Register of the Land Office of The
district III which their purchase or pur-
chaseS have been made, by hall quarter
sections, or legal Subdivisions OF irsc
tloual sections, any pari at tn. quantity
winch they may respectively hold, aud
The sums which such persons may have
pad on the land so surrendered, shall be
carried To their credit OH The qaaniity re
tanned The quarter sections and frac-
lions shall be divided for The purpose of
SUR, uderimg. as by law is now directed.
No interest shall be charged against any
person for monies due and unpaid on
any tract surrendered as aforesaid, or on
any tract retained and paid ior on or
before the said 3IsI day OF December
1921: aud on complete payment beng
made Tor any tract. asreeably Ia the pro.
visions OF this act, patent shall issue as
III other cases.
Sec. 2. And be it further enacted, That
all persons indebted 10 the government
for lands, shall, on pay meni IN cash, of
the whole purchase money, for any tract
on or before The 3lst day of December,
1921, be allowed deduction of -
per cent Oh tile original price at which
their lands were purchased, excluding
interest aud coHpu'ing the monies AL
ready pad as par, of the said pu. chase
money.
Secs. And be ii further enacted. Tha,
all persons Indebted 10 Ike gov"rnmt III
for lands, and who shall not, on or be-
fore the 3lSi day oi Dec 1921, have made
pa. mon' therefor, shall be permitted 10
pay the sums by them respectively due.
IN - equal annual insialmepts, wlIh.
our interest, The hr-t of WHICH stall be
payab the - day OF -, and a iai-
lure Ia make pay m"nl of any oi Ihe aioie
said msial menis al the time they may
become tur, shall deprNe the person so
failing OF all the benefits TO be derive d
from this section
Nj. Loundes submitted tie following
resolution
Rcsolred, I hat the committee of Ways and
Means be instructed to enquire into the en-
pediency OF providing that The notes Of no
hanks by which notes beiow the amount OF five
dollars are, or may be issued, shair he taken
in payment OF duties or debts 10 the govern
ment OF the u States
In introducing the resolution, Mr.. l..
aGverted to the vieiousness of the cur.
rcncy where notes Tor dollars and parts
OF dollars supply the place Of specie as,
where such notes are issued, they always
VIII. Tie spoke also OF the efforts made
III some OF the states, and now making in
Virginia, 10 Danish those notes from cir.
uiation-effOris which were always in
vain, so long as such notes were ISSUED
by neIghbOrIng s'aies, DC. No authors,
~ bur Congress, he commended, was com.
peithf to correct the evil IN any manner !;
and, the object of his resolution being
ior enquiry only, he did not anticipate
any Sornd Objection to lis adoption.
MIR. Storrs said lie had 10 decided OBJ
lection 10 an Inquiry into this subject, but
he hoped the house would reflect OH the
effect which the adoption of the measure
suggested would have, in giving pref, T.
ence TO The notes of The Bank of the L..
States over those Of all other banks. He
hoped that the committee OF WAYS and
means, whose Information on such sub
Iects VAS so extensive, would examine
this question in all its bearings, and pre-
sent their views of IL to The hOuse.
MIR LowndeS said il was hardly posi-.
BILE 10 suppose that the committee would
not know, az every mrtabrr of the House
would see, that the effect vt The adoption
oil such measure must be favorable 10
some Banks, and unlavorable TO others
But, Mr. l.. said, there are many Banks,
and those among Tie best in iIIe States,
WHICH do not Issue notes Of a less drno,
minaiIoD than five dollars. IL vas for
The committee OF ways aud means 10 i'll.
quirc whether the government should no,
lend lis aid 10 produce uniformity IN This
respect.
Mr.. Meigs agreed in opinion with his
colleague aud vas opposed even 10 au-
thorslng an enquiry into This maiter.-
When this great Bank OF The u. State,
bad furnished Tie Union will circulat
ing medium Of equal value in all parts o.
The Uulou, he might perhaps be inclined
to give it further faciIiti es; but, Tor IN,
present, lie would not, Tor one, consen
10 go further ~ this respect IIau Con
| gress had already goue The Secretary o
The Treasury had already The power Il
| forbid Tie reception OF notes moi in guot
credit, by The Collectors, &c. winch II,
! bad duly exercised. II measure of ll,
sort now proposed were 10 SUCCEED, tn
/ notes of great majority of Tie Bank
~ The y. States would cease To be receIya
Die III payment OF taxes, aud would b
driven rom circulation. He could Sc
no other effect which could flow from d.
adoption oi lie regulation suggested il
the resolve, bml 10 give an ALMOST rxcln
siye circulation 10 The mOies of Tie Ban
OF Tie u. Slaies-~and lie was therefor
ppOsed t0 the resolve.
Mr.. Soathard spoke ia favor OF The re
s"ige. lie thought VI was bad policy eve
10 have permitted ihc Banks to issu