Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1826-02-14

MIR. .ntso'i of Southampton, had never thought il
necessary TO multiply these rccollections of men,
they might be necessary keep alive the memory of
ordinary Den, but it could be TO preserve the me
mory of hinl, who lived the hearts of all. With the
gentleman from Boetourt, he dsapproyed Of the mode
OF reaching the object-and If the resolutions were
now pressed he should be compelled TO vote for indc6
ni'e Pos'ponoment. He hoped, however, that the mo
ton would be withdrawn.
Mr. Blackburn spoke in farther explanation of his
views and IN the way of apology for The warmth of his
first remarks.
Mr. Miller then withdrew his motion to pos,pope.
and the resolutions were laid on tho table
The engrosscd bill, Incorporating the Petersbure,
Manufacturing Company being ITS passage
MIR. .'iay rose aud explained ITS origin and probable
soou consequences. 1t was a measure not promoting
The interests of the manufacturers themselves but ,a
OIL The whole town. He believed that the tariff was The
settled policy of tue country, ami this measure y,s no
cessary as one OF fdefence. In addition TO this Pc
.ersoufS mad become large cotton mar ket TWAS no
longer what had BEEN the first tobacco market in tho
State. Cotton had become its stave-an3 tho decI;n
OF The tobacco market had thrown numbers of the la
"'"'hS CLASS out OF employment. This measure was
necessary TO give them food and ailnent Blu, il was
said 'hat Tins was not, and ought be manu(ac
turing country lie referred to the northern manu-
acures as the most furnishing interest in the United
states w hy should they equally succeed in Vir-
ginia we bad the cotton land, whereas they had
TO encounter numerous expenses in procuring it. In
the second place, the water power OF PETERSBURG was
unrNaied, except imthe neighborhood of this CITY
lie was authorised in ing that the water mower ,yas
ioo per cent cheaper, than the north II was cal
cuiated that manufactures could be sold III per cent
GneaPer made there than those brought from the north
lie was equally authorised to say that labor was % pcr
cent cheaper than at the north. These calculations
were not made by rash adventures but by cool can
uous and Judcious men. They held out advantages
winch he hoped the Legislature would realize.
AS TO tue policy of creating corporations Mr. NJ
could see no objection to it in this case. He denied its
s'militude 10 banking corporations. The expenses OF
such an establishment could not be encountered bv in
dividuals-they could only be met by a corporotion
pl,t no ;
failure OF the company, were equally exposed to
Suc" losses from the northern companies. Ar. Ran
uoph IN speech on the tariff, wherein he enumerated
'he various circumstances that must TO render
TINS manufacturing country. had ycrtlcless exccnt
ed Richmond and Petersburg. The company asked
only the privilege of availing themselves of the advan
tages that nature had given With the controul reser
we'd over The company provided by the BILL to be
exercised by the Legislature he could see no objection
to the passage of the bill.
.uT George offered ryder to the bill in effect tn
subject the individual estates the members of the
company 70 the payment of the company's debts
En- NAY stated that if the ryder was adopted the
oii was OF no use. No company could be formed OH
such principle Credit necessary to the existence
of the company.
-tT' Goode, OF Alec1enburg, supported the ryder
Yiere was an emphatic provision of the Constitution
Henylng exclusive privileges except for public services
his ON exempted the estates of these individuals from
f'at liability 10 pay their debts which all citizens be-
sides were under He consde, ed this exemption an x
elusive privilege, and therefore palpable violation of
the constitution.
Oh Taylor coutended that the argument used would
Apply WIN equal force 10 every corporation in the state.
We were told of the constitutional provision which de-
MED exclusive privileges. If there was any thing in
the argument thus derived he asked il il did NOT anpI
with great force to all Corporations; nd mo
med corporations II had never been supposed before
Whatever doubts theTe were to the policy hat corpJ-
rations were IN violation OF the constitutions Was il
not as important that The advantages promised by this
company should be realized the advantages expect
ed from turnpike companies There was not said MIR
Taylor, any reason for the adoption Of the ryder which
did not apply equally to all corporations Mr. r. pro-
ceeded to enuneraic at length the advantages of this
corporation individuals dealing with if were cven
safer than when dealing with individuals.
Mr. Goode acknowledged that his sh in supporting
the ryder, was TO defeat the bHl He gratifed 10
hear of the hourshing condition of Petersburp-be
density OF its population, and the redundancy of IFS ca
ptal This was novel information to lin-he could not
beleve but upon the of the gentleman from
Petersburg Does there exist density of population
and redundancy of capital Virginia compared with
the other States? The cheapness of labor in Pctershnrg
surprised him. He had been taught to believe that lie
cheapness OF labor in proportion 10 the density of
population-hat the last was greater to the N6ru
than IN IrgInIa, that lab' be higher here than
there, especially slave labor. As then their
population was now dense and their capital greater and
more redundant, he thought it followed that Virginia
could not compete with them in manufactures. This
difference existed in still greater degroe between e
Northern States and England and yet TO enable the
former 10 survive, notwithstanding the expenses oil
transportation &c. Congress had found it necessary 10
protect them by 4 tariff.
In reply to Mr. Taylor Mr.. Goode contcndea that
he had evaded not answered his argument derived from
the constitution lie bad met it BY begging that it was
the same case with other corporations: IT, said MI
Goode, Petersburg has all these advantages of popula
ton, capital and water power, where is the necessity OF
legislative aid' They certainly could not require this
ad-they must successfully compete with all rivals
without them.
Mr.. .uay replied. The gentleman had made dicoye
ries which he had never before heard Of and which Ger
tanly had not been made by him. He had never said
that there was Ills excess of capital those unrvacd
advantages which The gentleman from Mecklenburg
spoke Of MIR M. proceeded to explain his former are
gument and TO reply 10 MIR. Goode.
Mr. Ship said that the adoption rejection of the
ryder decided the fate of the bill There were two
enquries--was the measure constitutional and ex ped-
ent' The first decided by the numerous precedents
OF corporations on the statute book As 10 the other
curry, nc commended that there nothing unreasOna
bic IN eXemptiDg the private estates of members from
the company's debts. Without il, should in all
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