Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-02-08
10 The public that at a Ger

L al
be' ' ~ go J,r within reasonable time, such re-
n,,t;on will take place. and that 1t VIII then De per
m,pent Let them understand iiat Inc indulgence y
h;r debtors by the Banks, IS rendered absolutely ne
cessary by the existing pressure ana inc cnDous pun
lie deb, with which the State is loaded and no one can
dnrb but that in spirit Of patriotic lbcrnlty, tiey
will waive the immediate exercise oi POSITIVE r'eh'
ior The more certain and ultimate accomplishment %
what we all so much desire refer 10 uic message
communicated TO you at the commencement OF the pre-
son, s.ss;on for nv views in detail and of the
r..nons;biity have assumed, leave the subject TO
the calm and rejecting consideration OF me Lfgsia-
ture. 90
soncd me- assumed all its responsibilities also; and
Lev;nr never shrunk from the performance OF any du
=, have Gt myself imperativey called upon to make
This commune cation to you, IN the fullest confidence
and belief that the patriotism and good sense OF our
common constituents will bear Us OUT IN our honest
and endcavors extricate the State from the
fn,nc;o difficulties and embarrassmcnts encountered
ON entering upon the discharge OF our public duties
% DAVID r. PORTER.
February 1s, 1910
pryysyIyhSIa LEGISL irrRE--HdrssUrs FEB. ], $40.
HOUSE OF REPRESENTATIVES,.
| A message was received from the Governor inform
ing the House that the loan OF S7'ooo mao nor nsen
taken and recommending that resolution should be
passed declaring the interest now due debt, and that
certificates of stock be issued therefor. Also recon-
mendinp lenent measures of legislation in regard to
the Banks.
rsbure bank we're read in to letters from the
Secretary Of the Commonwealth, inviting them TO take
The loan 1t appears the bank of Pennsylvania proposes
TO take on temporary loan, the sum Of 100000 The
Manufacturers and Mechanics and the Moyamensn-
Banks were willing TO take part, If other banks wou,
in proportion to their respective amounts OF capital
Tho IT, s. Bank and the Girard wonld also have ia
ken part, cariain obstacles
moved. All the Banks anxious to negotiate the
Iot,p
led to decline. 5000 copies in English and O0G in
| German were ordered to be printed.
! After which, Mr.. NJ Elwec offered Joint resolution
in accordance with the message, declaring the amour,
Of interest due to be debt due by the State, and
directing certificates TO be issued bearing interest OF
i five per per annum, payable half yearly, and
decmable at the option of the holders any time within
the time for which the loan taken. Col. NJ Ewce
urged the immediate passage of the resolution. He
said that it necessary that the faith Of the State
should be redeemed and that must be redeemed even
at the sacrifice of our political principles. He had vot-
ed for the resumption BILL and should vote for il again,
but not in its present form He hoped there would be
objection and moved TO suspend the rule which
quircs joint resolutions 10 lie day upon the table;
which motion was agreed to-
MIR. Snowden for saving the credit Of the State,
and if recession from his position for that purpose
necessary, he should recede his opinions not in.
fallibe, and who could have toresecn all this.
! Mr.. Penniman not for reccding The Banks
had taken the proper course--bankrupt already they
were not disposed TO ircu, abtes-hc was
glad in his heart the loan not taken and hoped
that none ever would be. This state of things had
brought to the thinking point, and he glad Of
lit-it should have happened years ago-he OPP
posed TO the resouton-hc wanted the credit of the
State TO be sustained
Mr.. IIogo of Mercer, pleased TO find the gentle
man began to have light view Of things Mr.. Hop
kns took occasion to remark that he had been opposed
to the resumption bill, believing would be of i'm
mense injury 10 the people. He had told of his
friends Sc but from his situation he could not muster
enough TO oppose the Democracy OF the House.
lie thought the gentleman from the county should have
said that brought to the sticking point which
i was in reality the He would go any length TO
save the credit Of the commonwealth. After some
other remarks by gentlemen, the House unanimously
adopted the resolution.
SENATE.
In the Senate the Message was received, and 4
lengthy debate ensucd, Mr. Brown differed from the
views of the Governor. He not disposed 10 pay
interest upon loans at all hazards al any sacrltce-hc
was in favor Of immediate resumption, not in rca
! sonabe lime, which TO him loo indefinite.
Mr.. Fleming did not agree with MIR. Brown; lac
thought the time had not yet arrived for assumptions
he approved Of the recommendation of the Governor.
Mr.. Stevenson in favor of printing large mum
Der of the document, hatthc people may understand
the ~;e~.. &C tho Eraeutuo.
Othe; Senator'S spoke, approving of the message.