Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-12-29

100 The gentlemen could not in opposition to these
stubborn facls make believe that the bonds of the
State better than those of the james River Com
pany, the interest on which GUARANTEED by the
State, and punctually paid. Mr.. H. therefore submitted
to the House whether the pse DIRT Of the gentleman
sustained by facts.
Mr. GooDsoS said he thought the matter in dispute
might be happily and usefuly compromised by uppro-
prating the Wheeling notes to the construction OF The
Southwestern road. lie felt the friends OF that
improvement would receive them at par!
The amendment Of Mr. Holleman then adopted
by vote of 81 to 81.
The question then required on the adoption oil Inc
resolution amended.
Mr.. HARRIsoN of Monong haa, said he felt 'lle re-
sponshilty that rested upon him member and re-
preventative of the Northwest. Although The resolu-
ton seemed harmless, he felt bound to oppose it. Mr.
H. then stated number Of facts which had caused the
depreciation of the Wheeling paper, and commended
that the presen, of things altogether owing
TO local circumstances and not to any want OF sovency
on the part of the banks. He was in favor OF putting
the paper of the banks in market.
Mr. JACKSON would not oppose the passage OF the re-
solution but would merely call the attention of the
House to the effect ii would have. We were asking
the ~ w banks TO do for the State what they did not
do for the farmer and the citizen Ii these BANKS hau
to pay specie, MIR. J. would prefer that they sioud
pay il to every body. The House had held out induce
ments to the sherffs to speculate in these notes. and
now il was proposed to send them back TO the banks
| for specie. We shy to the sherifis, "fou cannon
get specie for the notes; but riH Mr. Jack.
son knew of no other consequence of the suicidal
policy of pressing the North western Banks than thai
it might draw their life blood, and ultimately cause
them to close their doors for how were they TO gel
along when they had piles of paper on their counters
unavailable In the name of the whole North West
and of the people of Virginia, Mr. protested against
the course which some gentlemen seemed d''poSe' -
pursue towards the North western Banks.
| Mr. CRurcuFIELp was more than ever surprised al
the argument of the gentleman from Wood. That
gentleman said Mr.. g., had often expressed his conf
dence in the soundness of the Northwestern banks
and now when we wish to open correspondence and
find them OUT the gentleman says it is unreasonable
and wishes 10 draw off.
Mr.. JACKSON said he drew wide distinction between
redeeming the notes in specie and redeemng them a
par.
| Mr.. CRUTcuriELD said no one had any idea OF re
deeming them in specie. They were, however, below
the other notes of the State The gentleman might be
willing 10 take the of these banks at par and to
an obvious that they circulated in the West
so would he, Mr.. c., were he in the West.
| After some further remarks, Mr.. G. concluded by
hoping that since the second part of the resolution had
been stricken out it would be the pleasure of the House
to adopt the resolution.
| The question then TAKEN and the resolution
adopcd-al the members present voting for II with the
exception of Messrs. Cox of b. and L and Harrison
Moponralia