Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-02-20

expelled, e Spanards rcinsie the payment was 70
which bore no ju propar,ioa value Of nc deb,
granted discharge Upon the acquisition Of Florida,
dollars received cargo pohasrd with this
money. Isl proposed to prevent this IN fa,ure'
ism pleads tongued for the renewal of
Patriotism SIR; what i1 When during war; your
ce We're derasd military hauassed and exposed the
double danger Of foreign for aud starvation loss crops
from continual calls the camp; they took advantage Of your
neeesses instead OF sustaining the country the govern
ment, by loans, relieve soldier your
thirty three and third Per cen, increased taxes aud that
rubbed, taken for gilt aud taxed; did they
~ stake their fortunes and become aes No sir when
you were suced AT every vein, and the would
staggered il it could be by united power OF
our enemies, abroad ond a, homc they
don precedent that should extend artcr
their capital asy proposed TO increase it, and then you NIGH,
share the plumber They loaned hundred aud hiy
Thousand dollars a, per Is this Camilus redeem
ing his country with iron instead Of god is Shylock,
This is their patriosui: wish hear no more OF il.
Sir, have before said, aud have repeated tia, so far as
my dcquau,ance will, Of the persons who have
aseent OF banks extends, they honorable men,
know Ny objection is tho persons to the mower
S Ss I'M, the That power not proposed by This m
jet iscorrec this hill ought not topass l not let tho
! am admouished MIR Speaker, by the pain and fatigue
WHICH this eliot has Prrduccd on my pcseni feeble con
son) to des's, ! will present bu, one this
-, have you right to pass this bill' This Inquiry does
not involve the general proposition Of the power grant
cis bu 10y renewing them at long periods before would
expire y Limitation, deprive the power
acting at al upon The subject, The rights under h. charter
deem their dur, TO act upon this sujec sud be disposed
we are now forced to enter no at expense OF the public
faiih They must do this Or 10 the public requires
re, y We ~, au you nave oIes,aieo nem ny ms ac''
e representative cannot perform his duty TO his constituents,
orto the commonwealth.
Let suppose ourselves Tie spectators Of
body assembled TO execute tho will Of thc upon
subnct like this They had selmced or forced into
banking operations which for Of skill honesty IN the
management; OF proper restraints upon pow
o had been perverted from the their
anu 10 have become the subject Of party views
or PERSONAL accommodation; that IN improper preferences of
the friends connexions OF those who
,ns widow ana the orphan who might own the
sock were deprived OF the profit they ought receive be-
oau,e of the insolvency of those permitted TO use
time oil release would almost certainly be able pay
period In this conditions fearful exposure confident
oil ruin exposed the officers and place debtors, enor-
t ana dependantS; should sudenly aud secretly appeal
the ASSEMBLY, TO their charter, aedgng they
patriotic houe able and skilful; and had managed their
aaalrs with fidelity IL s proposed examine their condtion
In order 10 decide upon The alsehood Of their aer
ana hey resist IT. bat st nsis, their honesty and
iieiity and urge their request, be allowed La
order To insure they appeal peTsoua
and pccunaiy responsibility, of those who for these
might be their advocates among the members Of this supposed
assembly In lis progress; perceive agents who now
assume the relation of patron and CLIENT crawling
ect under the incumbent pressure of tho moral
attendant trcacheIy Aud disregard of tho duty
they owe TO those who sent ,he perpeang the
Tue coroation at the instance and for The benefit OF the
Stockholders, but the petitioners We should regard
con,smina,ed and deserving universal execraon aud
should avoid them rs we would pcslence
IL the necessary Tendency OF the execiss of this power
10 such results ought weto exercise If hold beyonC
doubt deny that we haze the power To exercise H.
defeat public opinion and what be the asceraned
OF the majority three hs,ce indeed
VIII OF the whole community, except the members OF TIT
corporation
II this bill shall pass, and it's legitimate offspring corruption
and tfeacheTy shall fill the seats upon this foor lot
surprised And when tnd dersou, dissru iea
lousy shall usup the place of conhdsnce aud eecm
part OF tire constituent let those who force this upo
US remembos that they are the Just reward of unnecessary
Substance IF Me remarks made By m KERCIfE-
I'M, on the passage Of The Bill to yeneto III
Charter IF the Bank If Tirgiria, deii,ered i'm IN
| Mouse Of DsIesates, IRE loM IF FEB. 1880.
MIR. Speaker: rise to offer my humble support e
the passage OF this bill. should not have ihouuh
eNpedient to address you, but for the romarks O
the gentleman from Sussex, (Mr. Eppes) in oppos
lion TO II. But before proceed to the notice Of hj
argument, 1T may be proper for me 10 refer TO the
history of the institution which now seeks to obtair
renewal of its Charter. 1t is now twenty-six
since the Bank OF Virginia established The
TIME at winch It's original charter was created was
one OF great commercial prosperity. The wars
winch prevailed in Europe had opened to the people
OF this country great advantages ia the sales of its
produce. and IN The trade which it carried on with
foreign States, and tide OF prosperity flowed from
Europe to America The state of the world at that
period, had produced material change in the OPT
mons, pursuits and civil condition ofnen; agriculture
ana trade were IN lourishng circumstances and the
Legislature thought 1t eXpedent 10 establish this
Bank. IL could not have been intended bv the Go.
neral Assembly, at the time this policy was adopted
that the Bank should be discontinued at the expira
ion OF the term Of its original charter. Nor can it
be imagined, that they intended 10 croate circuln.
ung medium founded on the banking system, which
should cease to circulate at the end the period for
winch the company was incorporated. II must have
been obvious TO lie Legislature at that time that n
huctuatlng policy, with respect to the currency of
natIon is III the very nature of things destructive OF
It's prosperity. Whatever may have been the obec-
tons TO this policy in its commencement the first
step taken in it was decisive, and should we now
refuse to renew the charter, the evils which would
follow the refusal would he infinitely greater than
any which were or could have been suffered from,
the introduction of the system. If wo were now 10
discontinue this Bank, we should produce state of
things IN this country, which would be felt by every
class Of the community. This is a distinct question
RON that OF the pIoprley Of creating it, in the first
instance.
But the gentleman from Sussex, in his opposition
10 the bill, has snid that those who have had the SUI
PeTntendence OF the affairs of this institution have
been guilty Of gross misconduct in its mana pemcnt
and are unworthy Of tho public confidence. We
have no evidence ofany misconduct on the part of the