Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-12-21

convince the gentleman, as his efforts had teea eS.
hausted another occasion. He did net desir. the
gentleman distractions, hri his pra,tice. The people
could not be benefited 10y the gentleman distractions
Gentlemen, said Mr.. b., tell the House this is
but trifing bill, aud so important amendment
should not LIZ cngrnfird bill of such little conse
qacnce This, he sad, far different tone from
tnat used few days since, when the for leave
10 bring IN this bill submitted TO the House Then
The country would be ruined if The bill were not pa ssed
nos, II was temporary affair. Mr. b. pred ctrd
mat this bill would lie followed by another one 10 help
the Banks.
nit mr Tnoxss said the WING party had to bear all the
1u'u'' OF the Banks misconduct For his own part
IT. that gentlemen the other side would take
Wv ',iI III hand, and bring about some reform if
.hey eouiu' he was well aware that the neon. had
little or no confidence in IN. RonLs n, ,r...,
MIR. HAsKiSs rose 10 remark upon The course &c Ger,
temeh VINO couu 30 easily modify their votes 10 suit
circumstances ihey reminded hun of an old gentle.
man in the upper country who subscrbad lro g.
The building of church, to be paid When .ans..;,,
AS often AS applied 10 for the MONEY he dJ,
ing. At length, when much mportuned he remndsd
the applicants of the terms of the subscription m H.
maid uhen conrenicR aud further assured t,cm he ex
peced il never would be convenient SO it was with
gentlemen OH The floor of The House, they pofessed TO
be against the Banks but never found convenient to
turn their professions into practice.
Mr. TAYLOR of Norfolk Borough, begged the gentle
man from Preston not to press this grave ana Impotan
subject upon the House at this Tine
Mr. Cox of Chesterfield said he should vote against
the amendment as we'll against the original bill; al
though did not desire TO be considered as committed OH
the subject lie considered that such Legislation would
be rigorous towards the Banks, without the attendant
advantage of being beneficial 10 the Commonwealth
His course should be such as in his opinion, would en-
the speediest possible resumption OF specie pay
ments.
Mr. IRVING said the House had before it rcmarka.
bic commentary upon the conduct OF certain gentle
men. They declared that the banking system was
rotten the They heapcd every ephet upon il
that language could invent. Yet, these same gentle
wish 10 pledge the property OF their constituents
for The debts Of these rotten nstltutons-they wish 10
mortgage the Common calih Of Virginia 10 pay for
the abuses Of corporations which they denounced and
abused He at loss TO conceive how they dared 10
do such thing. BY what authority did they come
forward 10 pledge The property OF the Commonwealth
to secure the creditors otthese institutions lie wished
TO the conduct Of the gentleman thus voting held
up before the country.
Mr. BYRD expressed hmselfin favor Of the amend
men and ut his suggestion It was so altered as to ap-
ply only to debts that might hereafter accrue.
The vote was then taken, and resulted as follows
.4yes-Nlessfs. Ailwofth, arve, Cox OF Braxton and
Lewis, Riddck, Harrison Of Brunswick, Jones OF Buck
ingham, IIaskins, Vaughan, Deskins, Byrd Guenanl,
Carroll, Spencer Clark, Watkins, kincheoe, Arm
strong, lloeman, Davis Of King and Queen, Wood
ward, Clendenin, Holiday, Marshall, Martin Of Mar
shall, Dggs Boyd, Scott OF Alecklenburg, Morgan,
Lyon, Fitzgerald, Hden NJ Pherson, Hner, Grimes,
Hopkins, Brown of Preston, Health Brawner, NJ Can
ley Shipman, Smith of Rockingham, Cowan, CULLEN,
Gaewood, Crawford, Tate, Warren, Bowen, Martin o;
Tyler and Buck-5I.
.roes-Messrs. Southal, (Speaker,) Rves, Davis OF
Amherst, Kinney, Baldwin, Mayse, Mitchell, Hunter,
Newkrk, Robinson, Jones Of Brooke, Moore, Toler,
Nowlln Samuel, Cardwell, Cox OF Chesterfield, Broa
dus, Irving, Brown Of Elizabeth City and Warwick,
Semple Thomas, Scott Of Fauquer, Foster, NJ Laugh
lin, Payne, Early, Robins, Erskine, Vance, Pugh,
Thompson, Mullen, NJ Rae, Grigas Bowden, Nolrt
S,piII nfk I'm WaIio If h
Edmonds, Taylor OF Loudoun, Ramey, NJ Infancy,
Banks Smith Of Mason aud Jackson, Capertom, DAVIS
of Montgomery and Pulaski orrck, Earrel, Taylor Of
Norfolk Borough, Ethcridge, Waits, Smith Of North
cumberland, Edgington, Cheaiham, Wallace OF re'ers
burg Keen, Wilson, Dey, Elliott Stroller, Daniel
Dorlnan, I.eyburn, Urquhart, Crutchfeld, Ford Walk
err Goodson, Mayo, Jackson and LetwicI-73.
So the amendment of Mr. Brown, Of T., was re- ect
cd. The question then required on the engross.nen
of the BILL as follows:
Amherst, Kinney, Baldwin, Wingfcld, Mitchell, Hun
ter, Newkirk, Toer, Nowlin, Arperson, Cardwcl,
Broadus Irving, Vaughan, Brown Of Elizabeth City
and Warwick, Semple Thomas, Scott Of rauquier,
Foster, Mclaughlin, Payne, Deskns, Woods, Early,
Byrd, Robins, Erskine, Vance, Pugh, Thompson, Mil
Ter, McRae, Gr,ggs, Eowden, MoIer, Kennedy, Smith
of Kanawha, Wallace KING George, Edmonds, Tay-
lor of londoun, Ramey, Mcllhaney, Smith Of Mason
and Jackson Caperion, Orfck, Taylor Of Norfolk 3D.
rough, E,herldgc, Watts Smith Of Northumberland,
EdIlngton, Wallace Of Petersburg, Keen, Williams,
Wilson, Dew, Elliott Stroller, Daniel Dorman, Ley
burn Tate Cruichcld. Ford. Goodson, Mayo, Jack
.yoes-alessrs Bayly, Ailworth, Holloway, ....v,r,
Mayse Robinson, Cox of b. X L., Jones If Brooke,
Riddck, Harrison Of b., Jones Of b., IIuskns, Moore,
Samuel Cox Of C., Guerant, Carroll, Spencer Clark,
K,ncheloe, Armstrong, tIoIIeman, Davis Of X. Il q,
Woodard Clendenn Holiday, Marshall, Banks, Mar
tin Of NJ, Disgs, Boyd Of NJ, Scott Of NJ, Morgan
HARRISON Of NJ, Ilarrcll, Lyon, Fitzgerald, liden,
rhcrsom, Chcaiham, iincr, Grimes, Hopkins, Brown
Of r. Heath, Brawner, Nj 'Cauey, Shipman, Smith OF
R., Cowan, CULLEN, Gaewood, Crawford, lrGuhart,
Warren Walker, bowen, Martin Of l., and Buck-GO.
LOAN BILL.
On motion Of Mr.. DoRMAS, the House proceeded to
consider The bill 10 provide for a temporary loan 10
meet the deficiency in the Public Treasury.
Mr. Ho;L.uAs proposed ryder providing that the
notes Of tie Wheeling Banks in the Treasury
should be sold and converted into available fnnds ana
also that so much Of the Bank Stock belonging to The
Commonwealth as would be sufficient should be sold,
provided il did not sell tor than per cent below
its present market valne
MIR. IlolrEu.s addressed the House at length in
support of lis ryder. lie opposed to making loan
which would have 10 be paid the lst OF March, and
preferred If loan had TO be made, that the redemption
day should be fixed IL months hence. lh's measure
proposed that we should 20 10 the banks-those dis
Graccd corporations-and ask favor at their hands
We wish them 10 resume yet By borrowing aud cFcn-
atno large quantity Of their notes, we propose TO de-
be much better policy 10 make the means already IN
the possession Of the Commonwealth available than
90 on borrowing, like the mprovdent debtor, VINO again
and again borrows from the shaver whenever his ne.
cesses force him, until lie is obliged to sell all his
effects at sacrifice Why 90 on with this system,
when we know that The day ofpnyment must come, and
when perhaps, shall be compelled TO sell what stoc
and other means we have in our possession 10 pay oil
these accumulated debts: Whilst We have means why
not pay at instead Of borrowing and procrastnat-
ing: o,,a
dspose Of these Wheeling notes for the State Stock
now held by the Wheeling Banks, and thus save our.
selves from selling them at depreciation Would We
then, said Mr.. f., be any better oft than before:
Would we not have TO supply the place OF the State
Stock thus taken in Mr. H. did not conceive that the
loss on the Wheeling notes would be very great and
preferred selling them 10 letting them remain in the
Treasury unavailable. As for Bank Stock, he only
proposed to sell much as would be sufficient 70 an
swer the purposes of the Trensury-prosded 1t could
be sold for not than per cent under the present
market value All admitted that we had means now IN
hand for paving the debt about to accrue The only
question for the House TO determine was whether they