Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-07
~, I..Nmrt.nc nE s.nt. NcA,..

Tn. Richmond Wing follows IN he wake Of It's conf
patriot of III" Norfolk Herald and utterly di>Ias tlc
Assumption nf the State Debts Wiz proposition
II aiirlS TIA: srhr notice of I'll" >criu" III these Jour.
nais ihr Girl,a ENQUIRER. Charleston Mercury. &c)
WAS The first we ever saw heard g" TIT raI
hay" appeared elsewhere, and escaped o"r "ttoi""-
But say, that Il yrnrrt o I'D" - i9S as i'fi''
* ials. IN al is rar;s Indeed, Tire Wing is rather
careless "srrrc; Il pas>n" events. i II H#> not ac'
with the suggestion various y ii'G Fapcr* ID inai
perceive Nile, Register copying ;, celebrated rA-
tract from i, :rcula: e Barring i!r"ti"rs \ Co.. aud
pr.louucnr il t. he. '.wnrhy ri general attention on
our SIDE tin. water ii1s Il mni sea tD%Hc i'"hb ut
tn, New York C"r;rr and Enquirer who hal first tn"
honor Of claiming The It'll, Of Ng '"f h- party: ";,'
accrcdtc:! organ of the Bank at the L. - "cnnic out
boldly IN favor of having III" National Government rs
sue per cent Stock {" the amount OF THREE ny
DRIED uILLIoS- ~ DOLLARS, to hc divided among
the several States according 10 Their representation
IN Congress, and tn" proceeds OF the public lands
To be- pcGnsd for the redemption 81 th" stock,
Let the Government oi the L. States L>j,y> tll'S wise
VIII. 0raclc, ~ the lith Nov..j "lct iii" Govern
mont 9th" 1 :, which means the people lnmrd!"i7
Representatives in both Houses Of r"ngrcsa-.:rat"
Mrtc hNndrrd ii0HS II Sior6, nearing ii" tatcrr' -
tovr PR Gna"m and let this he app"rtoncd among the
States, on the principle Of Mr.. Clay Land B!!-i!lar
is, FRA ra1, according" 10 the nvocr of H"tr rha"r
and Representatives III Cnnrrass-and !rt the proceed.
from the sales OF Public Lands ic 81 aside :... sac.rd
Is pledged sinking fund irr he red, np!:"n 81 this
stnck-Ict the Secretary nf tbs Treasury, or some
other suitable person, BE- appointed 10 exchange 80 much
Of this stock may hc the portion ary State, for 'hn
stock ol such stat, issued and after crriain pc
riod--say m"nIs-p"r over the balance 10 In" re-
strclivc States, &c, &c.
Has the r. Wig moi heard the y. York Commercial
Advertiser Of tie I'd Nov. "xc!uiia, S@li the crc,!
Of all the States which have embarked IN works ot In
trrn@l improvement with the exception "t : ot and
Massachusetts, Which take "t t:ic:"s"ivc% hr
suffered to mo b. he board ard their Unfinished public
works be- arrested, and forever shall tie shoulder OF
Hercules tc applied 10 the wheel - help then roGgh
And wha; docs 1t call upon Hercules 10 d., Why
his: ave ir 10 the Proposition :',r u!g's, =: "a"
national faith 20 sustain tie crro,; :" ting s4trs-"r. ia
other words. an assumption Of the Stat" Stocks. now
depressing both the European and American markets,
by the United States and the ISSUE Of a national stock
in lien thereof. The suggestion, we doubt moi, wall
sarc many reader, but cannot help that. The
subject ofvcry great and very grave importance.
and the position OF many States Of this mon Is sven.
that we cannot shut ont eyes 10 i:"'r condition u
We would NJ. indeed should &c. The States 81 Ills
Union are bound together by no common t'". They
are all orc family II is u great and rich family. And
what though several of IL members have, imprud@v,
certainly and perhaps rashly involved themselves II
pccunary difficulties, from which. S!nE"-haaa'd, 'tcg
cannot well rccoyerShgl! the other i"tttri OF IN"
family allow them 10 snk-to h' crllshcd-and Their
cr"di, dcsirnvcd-or rather, ike wealth. parent
able to project the credit oi his whole family, shall
not the National Government intcrpose, ard by soIic
coutablc advancement with the embarrassed States,
assume their liabilities and thus afford timely rcini
TO them and at The same time to the whole country:
The Commercial suggcss this proposition, although ii
grants the same breath that thc letter ot The Cn-t
tuition confirs such power, unless II IS 10 be found
in the "gtc;0! SfLtrrC clause. But, says THIS cute
Journalist, There Is W. method by whch the cpnst
tuonu difficulty can be obyatrd and til" credit oi tin!
states sustained by means which al;"ad. i';.y and
trn. ;nir own Md wiat is this W.y, 'r, the
arc;. Legislator Of the West DIR C!av) rcn.,w the
land BILL with III" necessary notifications dividing
The proceeds o llr public land. AIMING til" several
States conditioned thai those proceeds shall b. ap
Piled III" payment oi the debts al the t"iH"r
States respectively Let ti, Federal Government issue
national stock bearing, say, cnr per cen interest, III
exchange for the ,tock-tiiC holders OF which wond
gladly enough make the cxchan"c-and let thc pro-
ccrds OF the public lands BE- applied to the redemption
of the SAID stock The fund ample for the ultimate
redemption Of every doar-a large saving annually
would br rcaz,d-rvcr; State in III: Union would h.
enriched and the honor Of the country redeemed,
Ave here W.. have thu old adagc Of ''v.!upping the
Devil around the stump beautifully illustrated We arc
have the assumption OF state Debts but then take the
tildcd p aroiy dj%g"iStd in the shape Of Mr. Clay
know that Mr.. Clay som" t:mc since iii pressing his
the debts Of the States contracted .or Internal In
provelncns-and Of making similar advances to those
States, wh:ch had 10 debts
Has the r. Wing completely overlooked the following
statements in the y. York Herald: ssRecent events
have demonstrated that this of raising the wind
is exhausted Accordingly, plan IS devised more
splendid and magnificent than A few weeks ago.
we stated that we saw preparations making in several