Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-18


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I % inca. fer themselves What shock ng tn"
this; Yet The .:ayosit,on sgu;se i as Won
~, which is 70 be brought before Fenr:ecn Ct
= States only nc :1leDted for internal improve.
ats tar four OF ti2s" whose names are On thr n
ird'"1 IS exc moth m t,.. ,r.G Maine. Vi sson.
r, y : PIP, and Ar.2n377. nothing Tor r1ada
60 ol1i> = " =, mr. b. added tor SIC
v?'35 5u II lie ~. tf1 head, t.a more then hGl!
iions ii dollars Ea:e, then, ere III rta~n Sta'"s
wlc:! ~ Ss' :" ..! npf, vc,n.,s. :;c only
kind OF cb:s aoic proposed ~ r prov Gaq r and s..
'e wch a." not; and =" proposition mi BE- u make
them all even BY F!Cng ng the whole into the
degree @: debt: Il would be r3thn: tao ntnns-ouS
require the III rtern nonndcbted TO assume the one
hal: tic dds sc; ether thirteen. That would be
rather OUTRAGEOUS different tGrn mus, The -efor",
be gwen tho scheme; and the non.inicbtcd States
seduced mo debt to equal amonn with the others,
anu ;hcf he whole ofthe States made paymastcr for the
whole Of the debts. IS thu fine scheme which -
now 10 occupy -, amd national deot Of three hun.
fred Millions created ~ once" for that is The
antoc = h '"aatngl to equalze II" condition of the
!: ..sL = p1in, of indebtedness. That waich is now
ore :auIfed millions ;irecnf Of the Statss n
- made tnrcc hundred millions III" whole; and
ths=a thee hundred mall ons :, constitute ID" start.
point of arw n,tnno! debt ana lie kernel Of the
n-n. N.rt,oaoi Bank Truly We are tat a. tie com
/ nln1caHient OF The ..ca- or sYsTF1
Whlt can he more Eva trn TINT diversion otha
lane revenue from national >a:e purposes. viii ere.
ate necessity for loans taxes issGes &c Treasury
notes, 70 supply the place Of the nads 50 Diverted
Tie lands produce s'x or seven ilious annually.
and, with reduction OF rice, VIII produce increased
sln /, meet the Deficiencies cf the custom mouse
nue. IN the two last years 2! =. ...-, ,.,ch
nD"' al a?;d Both lands and customs barely meet III.
da..-s CT ,ae government : go ;'Ic; whist, then,
mus. be tho s.7te @! the revenue 1T! sG 1912, i:
thrown cxcIs v.iy nppn the customs, then undergoing
their LIST rcduct on and sunk al vs'nran dat" OF
4 p per cent; D3uotrss the regi"-. u ravg t1;if
must ensae; and tn IS c5vocs 70 every observer.
that Il mast BIZ essn!a"a 70 he OF objects of ci.
yer ng the land revenue from Fedora! tc State pur-
poses.
What can he more da,no!al;znE, ra'nnns, and
more destructive, onl; Federal pc.ci sy5
;e bat the social and nora system itself than %
allow the States debts for their PURPOSES,
and then club together and tarow payment c these
debts on the Federal Government What more ilta!
than this: The restraint upon the creation Of debt Is
the Obligation 70 par it. Rehlov>hat rsaI:aiHt-c2n
rate the characters Of contractor and payeraad al INC
barriers Of economy; moderation and safety are broken
down The States 81 .nu!atcG INTO DEBTS w Oh the
Cnoa is 70 pay: and hc p:ecnde": SCI, must DC
rapidly fol- wed up b. ne" debts CT the part 81 tie
States, ar assumptions or Tie part 0! the jn.5n.
We begin WITH providing tor I.:e-nai Improvement
debts Gu!cA,: those incurred or banks az added =
rer 70. low al. these cCrt-a-c Tor ''ottr Purposes,
even the security ceo.5 incurred By -n8 OF credit -
lc-Iapan;cz. corporations, aid individuals. no matter
boz. Eaw,sev incurred, bow c&-ragantiy spP!'cd, al
how waseiu!!; sqnandsred
Touch these safe debts in any wa, 10 matter ho"-
PIT yoar hand The work il any form that you please
and from that moment you ara IN for The whole from
that moment you assume the ultimate payment lnus
il was with tie Ge5t o tbs District, ncur:c1 Je inc
| Chesayaako and Ohio Cana. We passed al &c; IN
I 80. 10 elau.e he District 70 borrow the "!or'y =
The sa9acioGs ne.! Of tn: 5od"if. Macon. -dr. IN
Barren end othcrs--o7pose the ac', upon the Tr1un2
that tic cron. O.: tie d street would 20 acfoad Win
that act Ill i hlnd, and show !, = foreign capital 8;
ana although i Contained ~ promise on .t p'f,! { "a
runl the rrv.urt, vet the [. States would become
royrd in the traus5 con, ANA ultimately have . pa
-; and lhus i happened TIM: Gcot, interest; ana a.l,
!, row assumed b. the STAG. one OF ;5r few
who opposed it, thanks 10 my association WI" Macon
and Randolph from whom learn. my leading pr nc.-
plesn political econory opposed that acc, CIV
;nr au.hortg 20 this District 70 borrow morcy 70.
the canal, on tie ground that IL would involve US n
the transaction, and ultimately maze Is liable for the
whole and now | oppose any connoc''"", 1esa'sea
as IL may be- with to S1:- rros the ground
Touc. tgorl, and we embrace them mi -. :igcf 70
L wo. aSd IL saunders follow: give them tae pro
cceds OF the guO lands, ana from th7: monet, YOU
have Z yer th whole rcyc 2ues and the whole credit
cr the United States. Yon haze rivrn all, 10 g"ag
any thar; 10. az tie rest would f.lio#. Custom
house revenue and Treasury 7tes would be cali
Cd +, :, supply the deficiency # III" .9G vcvemuc;
ana new drt;s would swallow UP ire whole resources
OF the Unou.
What more cnmjsc GO: -: a la. : contract.
DEBTS On long "}" sgne 9! ne oia;es have done,
thereby nvad nr the rights and mortgag ny tho
sources Of poscrtr, ana loadlng Unborn generations
viii orots not tloir own Win: mere INV than al.
,~hch several Of The Sta. have DONG, and whic,.
/ c:E,rr nv IS 70 make al d7 Bes.a"s ne Ultimate
thar ~ c sna,r 1: final payu."at, whcH intend
,lt, al up." .'rr he present. ".r'-,. : i'i2's'
saa- N 81. s.a0r II 7nn"- interest md Hing cp1"
sen .,.i:.,..s,, cqaay tie p,"a ,' ever, period
"a gt.g.n ~ t0n y, C.2"- yer E.T have aI,c'-
,u,a lie dev ut III effect q annual =: resi- - publ
debts. crcra ,1rY SON X oTcns.. nc Ts"c pal!
). Il, s,,,37z.s ta.. Is, Have pad t..ga hundred
n ri,. ii ~ eree. ori,l ~, , t'c rr &c p!
e winch :rr; rose gh"5 than one huH"'ed ana t"en-
ty.se ven iji Hons GaG red b.. E"HT 81 oar ii.
Who snoa3scs thu: Yc. !, is tct that nave 1:t
four hundred and hr; :oF principal aaS
ies.l u tina, debt; ha: near three hundred nj.
lions or near double the mailman: amount Of the debt
itself must have been pad n e.cs' alone; aid tHls
:, moderate ins.cs, warning .om three 10 SIX per
cent, and parable at nome. SOrnc Of Inc States, on
the contrary, engage TO pay SIX G. seven PEI cent "a
London vii CD mus. require levy q nro oE ten pei
cent from tner Citizens 10 and remit 70 The place
II pav:nent The States counted seem. this l.'e
-os, IN 4 a~d 10 :. $50 urma,"!: redeemed b?
the profits e tho banks, the reads, cans 4"j JoLo"g
comuan RS md projectors, cr WI G;a =! "Ecn iie!
we're contracted Van and rsory expectation. /
few Of tno works may yield pg IL, and realize ne
calcGlltoa mac. non them tEt IS u HE mass Of
these uniertlE ne, they G.-' s:nh upon tac hand5
Of the States 4 . tie banks NOS: O. tacm mus:
rot down their foundations ceiors inc bonus ere GU
upon wh CHI hpv were huIi and rs 10 L." o5beIs dnC
projectors 10 whom the State credit was lent most Of
them whcn ,!.cy have squaudcrod he money for which
the bonds were Sold vii quietly leave TIE State 10 pay
.,th principal ard interest ouch IS the lopT"E drnee
Of lend ng State credit and contrasting debts upon ioh
,,,no and tlrowia their payGornt uPaa unborn gene
-c,ons And .hjs IS what sixteen ot our state nave
o s dom, md what ]; j: proposed to MAKE Tie
,r5aie ,,.sTty.s.x nov d. The Brush national DEL:
owes its existence entirely 70 :hs Po!ty y vas oot ?
49, Ia cont Irks ~ nd E.sss
have tcen easily "a dl-ing The rcgns Of the first and
ss .: Georee bu, the policy nd i, TINT 70
saw 10 pay the Gay and send down the Pr'n-
cioato postetty AID the fruit Of thai policy nov seen
IN debt .! four thousand Eve hundred Millions Of dol
,r two hundred and fy millions ofannual taxes, WIKI
some millions Of people without; bead while army,
raw, and police, sufficient 70 fight Al! Eaa?e ,s
KEEP: under pay 10 hold IN check and saboEdinaon Iho
oppressed and plundered ranks Of their oc population
And this is the example which the 'sans'erets OF the
AaL. h-no IA irn..a