Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-02-13
nTI, is reported here, that the I. s. Bank OF
Pennsy vania, has suspended specie payments
Correspondence of the Pailad UNI.

iNDlANAPOlIS, Ia, 9TH EB. ic4i-
DEAR SIR:--Ve have jus, passed bill entitled
"a bill more effectuaIly to secure the purity OF
cleo tons, ''-provides for Furnishing any one who
shall vote attempt to vote at any election with
out having the legal qualifications OF voter
like this proposition TO prevent frauds IN elections
much MORE than that Of combining voters to their
own Township. This Furnishes the guilty alone,
and not the whole community. The other pun
ishes the innocent with the guilty; not only SO,
this bill will effec,uaily guard against ,le-
gal voting, than the plan of restricting the people
10 their own Township.
The House passed what is called a valuation
law which provided that real estate should not
be sold under execution unless for two-ihirds of
its value, and personal property for one halt It's
value. The obec, of which was to give an eter-
nal Uuietus 10 the further collection OF all debts
We have just had stay law of one year, and II
this bill had passed i, would have operated as @
stay for perhaps ten Those laws the OBJ
ice, Of which are delay the payment OF DEBTS
IS clearly facrart violation Of the constitution.
If the Legislature can stay the collection OF oeo'
for one year, they can stay II ten, and II they
stay 1t ten then they can nuiiify the contracs
altogether. But Of all stay laws, the KIND con-
tempIated by the proposition from the House IS
the most odious. The accommodating costs and IN
tcrest soon eat up the substance OF the uniortun-
ate debtor. The sheriff and clerk would be the
persons most benefited by such law.
This proposition came before the Senate with
on, any evidence before that ii is demanded by
the people. There are no petitions requiring it.
The public press has not asked it. The truth is
that tue measure is uncaIled for; and would be
almost universally condemned by tho community.
They passed their judgment of disapprobatlon to
The stay law of last winter, and this measure is q
thousand times more oxceptionabIe than that. Be
sides which, i. would destroy our credit abroad,
and put in the rear ten years. 1t Is useless.
however, to talk OF the expediency Of the mea
sure; the constitution, in my mind interPoses
insuperable barrier to is passage. Ia fact, ans
not willing to exercise even Il doubtful power
Homes, men will make sacrifices to pay their
debts, while the less honest would take advantage
of the valuation law. lis effec, also, would be to
proven, the poor man from Obtaining credit.
Tho Senate struck out the bill of the House,
and inserted a provision, allowing the debtor one
year, in which, to redeem his land where The same
has been sold under execution by paying back the
amount for which it sold, and ten per cent,
interest. This does not delay the collection Of
the debt, and at tie same time sufficiently guards
against any sacrifice of the debtors property, nor
IS the proposition liable to any constiu,ionabe
objection.
Excuse the haste la which this letter is written.
have been SICK for near we ks, the greater
part Of which time have been unable to attend
the Senate, am We, exceedingly feeble, but
getting well. There has been more sickness this
winter among the members of the Legislature
than have ever known. Several now con-
fined 10 their rooms, and one Mr.. Ffeeman) dan
gcrouslv ILL.,
Yours, Sc.
CHARLES +; TFST