Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-01-19
Mr.. GooDr asked for the resolution to be read :

Mr.. G. remarked, that il was well known he had
been engaged in another place& he had come, there
lore, very lily prepared Tor this discussion. He coul!
have wished 10 ascertain certain facts connected with
tins committee. lie was impressed wi'h the belief
that this committee did nothing but mischief to the
Commonwealth. and produced delay in the proceeding
OF this House. He satisfied that with little more
time he could p'ove these poins. He -aid that the
friends OF this had availei themselves OF what
he might call lutte article in coupling
with agriculture. the genu .man IRON Campbell
had dwelt upon the advantages OF encouraging agrIc
tsre. But Mr. G. asked what had this committee done
Tor the bSn"5t OF agriculture! Had introduced any
new process lie was profoundly igno ant of what il
had done for the agriculu as-yet The gen enan had
taken care to associates the manufacturer with the far
mer, Tor the purpose Of supporting the manufacture
IL was the device which wa SO commonly used for the
purpo.e. The gentleman had SAID that hemp fax
Aud almost every thing "as on the decne-but i. il
to be believed that we could remedy these deiecs that
it we enjoy any advantages, the Legislature can aug.
meut them! will not the enterprise o individuals
selves discover these advantages and improve them,
Are we to teach men how TO plough, Have created
the fertile soil aud the GENIAL climate ? The firm.
era 10 not ak any encoursg ement at our hands,
Mr. c. said that this was wholly manufacturing
queson-that this committee had grown out of feel
ing for manufactures whole of the gentle
mans remarks shows such TO be the case with
him-and the great effort to get up manu-
factories in Virginia; 10 divert capital and abour
from agriculture to manufactures. And the question
was whether with our present population and capital il
was wise in TO change therdrecton and force manu-
factories into existence. For his part he relied
upon the intelligence oil the people, much than on
mat oil their representatives III 1t be the interest of
individual to vest his money in manufacturers he will
discover it himself and will need legislation point
out-And if il be not his interest," ought to force
or tempt him into an artificial destination? If he had
500, would he not soon discover whether il his
interest to buy horse, or spinning jenny? He did
not require the government TO point out IL the c-
zens oil Virginia ripe for manufactures, will they
Our aid nd Tho
circumstance that they have vested their capital i'm
that way, prove that not calculated for the bust
uess-or that other circumstances counerbaancng
their effects What constitutes the value of any article
oil the coat, for instance have our back? The
wages oil labor and the profit of stock constitute the
great elements of its priceBut in Virginia is capi-
tai comparatively small aud the interest of money high:
And Is not our population sparse, than il is in the
Northern States And Of course, the wages of abour
are higher. But notwithstanding these two crcun
stances, the gentleman from Campbell would change
the direction, in which the sagacity of citizens
is causing it to how-and taking up with the bust
of the Eastern people, Mr.. c. insisted upon it.
that this question connected with the Tariff policy
His principles were not Dope ndent upon President or
any ACKNOWLEDGEMENTS whatever the administration be
which advocates such policy he still opposed such
policy because he believed unjust as well as un.
constutional-And no matter who may administer the
government of the United States he would attempt Ia
put that policy down. He said the policy was unjust
because II gave certain exclusive privileges to some al
the expense of others And how do encourage
iacturesl BY creating joint stock companics-and how
II they contract debts, can you them? You nav
sue-But can you imprison them take ost capias ad
satlsiaciendum! You may distrain them--and if they
have subject which you distrain YOU cannot gel
them into court: And after you have gone through
your suit against this intangible and invisible corpora
uon, and obtained Judgment against them, you
not take out capas And what property you touch!
Only the effects of the corporation Very different in
deed is the where you individual for 100 900
dollars; you cannot only take the uttermos mite of his
effects, but you seize and imprson his person But
where you sue corporation for the sum, you can
only disrdin, perhaps for $40 900, the amount of he
joint stock, while the partners worth large fortunes
And this is one effect OF incorporating joint stock COM
panies Take the of the Petersburg Manufactur-
ing Company He took the case, because it was es-
tablished in his part of the couary This compa-
ny has capital of $4,000 dollars and suppose them i'm
course OF years TO make 200 The partners d.
vide among themselves, and mix up with their pr-
vate fortunes out of the reach of the debts of their
Poraton-And yet il that company into debt YOU
cannot make the partners responsible for its debts They
may make 200 per cent their original capital stock
they divide II among themselves; they are the sole
judges OF the distribution: they NAV divide among
selves the capital originally subscribed and when tho
then run in debt there is nothing you dstran but
empty Golfer empty Mr. g. believed that the
creation of these joint stock companies injurious to
the manufacturers themselves. For, you tempt men,
possessed OF little or no SKILL TO embark in manufactures
with which they are not acquainted. You tempt them
to unite with others into whose acts they cannot look
viglanty as if they had managed their own concerns
And if you look to these establishments in other States
where they managed by agents. you find them going
on runously or less probably than where the capitalist
manages his own concerns, Qike the Cunninghams OF
this city, who attends to his own interests
Mr.. g. remarked upon one nconsiste ncy, in the ar
gumeDt of the gentleman from Campbell. III notices
the depressed state of Agriculture, for want of capital
and vet invites by species of legisation and the
creation OF joint stock companies 10 divert the capaI
from agriculture, TO employ il in manufactures-And
Is this The grea, specific, which he proposes for reviv
ing agriculture For his part he thou0ht that so
long as the profits of stock and wages of labor were
so high in Virginia, we could profiaby engage in ma
nuiactures
MIR. MINOR said he was unwilling to..mDgle in this
debate. He thought the subject was in a nut hell -
He presumed, that nobody could doubt the poicv nj
fostering and cherishing the two great Interests OF
Agriculture and Manufactures. IL must either be LEFT
to the Federal Government to the States to aioS the
policy. Now, we deny il TO the Federal Government
TO exercise such power-fsr, winter after winter we
nave passed resolution alter resolution aganst the
OF The Fed Governmenwe have been constantly loading
culverDs and exploding them against this power And
the gentleman from Meckenburg had the honor of fir.
ing OIL one OF these culyerins himself last winter He
,a'u ne was not avery Old man HIMSELF; but he recol
eced the great changes which had be wrought in the
course OF few years this subject The preamble IA
The hrst acts OF Congress showed there was no doubt
then entertained Of the power of the General Govern
ment. The same doctrine extended to the year 1907
when at the Sine OF the attack of the Leonard the shirt
OF the people roused and declared we could not
be dependent on Britain for her msnufsclures-it wa.
The rage OF the day 10 encourage our own manufac.
lures; lady had presented the Governor Of Virginia
with cotton shirt which had worn on the lh OF JuIv
winch was made the subject Of toast and the neces.
siy OF encouraging dones ic manufactures Al that cri
ss, was insisted upon toy many OF politicians -
Members OF Congress who once voted Tor the eucour
agement OF manufactures, have since voted against
them. Then, if we say that Congress cannot encour.
age manufactures, are 10 play the part Of the dog
IN the mangsr-dnd are we no. to exercise the powe