Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-27


/ scarce the crepe to evidence that he, whose once
noble heart has Just ceased 10 beat, has at las
sought repose an the bosom OF his Father AMI his
God
| And what avais all this to the creditor weigh
the gold he has wrought out 10y this alchymy1-
Sirs, It will not require penny weight to aseer,aW
| the value of q.
| Or, SIR. tie man Is d shonest-no father either
nor brother, nor having one human being jopondcn
| upNn hm-and 10 you get paid, sir Then, sir,
suppose you have never heard Of deeds OF trust
noe false agencies, nor ehcanery, nor OF pety-iog
giHg practitioners but, sir, he may be father
he may have many bound to him. the urgeney o
whose seemingly just demands, It Is hard, ainioS
lmpoSS' bic 10 withstand, and those demands cannot
after all I've met they were once, and properly
ollowcd-and SHAT IS the consequence. sir II
example, sis-brcoch OF faith, sir. pressing with al
| the force oi parental example upon young son
Ihabitua'ly proc,isei-hourlv mpreSsed-received-
stamped udelhly, and never 10 be erased. Sir,
am not so unacquantcd with the word as to believe
such instances very rare. | am confident, too, that
they are not unNersa'. | hope they arc less IRE
quent than is generally supposed. But sir, what
here gains the credtorl Sits, not pcnny-wesht
but nothing-lt,r rally nothns,-and DO decrcn'
/ TALLY submit that the honest men, who alone viii
pay, would hc far better able to paw, and "a
pay, il they knew that their first gains after insol-
veney, would be the neuceus around which might
gather acce>sons to enable them 10 pay, without
starving themselves or their families.
/ MIR Speaker; HdvIu. said 50 much IN reference
10 inc rttilthe OF luc kfUNttldu hNth ANNNNlNNNs
will make only one further remark in reference tC
the Bankrupt Law. The gentleman supposcs thai
the act upon the subject which passed IN the time
Of the elder Acams (aud which, bv the way, was
not of 50 unlimited character as the act passed at
the called SESSION. WAS swept away IN the genera
wreck OF the fortunes of that Administration and
he ascribof It's repeal to political party feeling
merely, as | understood him | wi not. SIR, GER
tainy, undertake TO determine, how far such ID flu
cnce might have Cporltc& Though a stranger "a
I those unys- | have knNWn something nj ~
cesses much more recently. But. Sir, | should IN
Ter from the remarks of the highly eminent Ju,ist
Chancellor Kent, that other and ulster motives much
more Influenced the acton OF those in the given 10
stance, who repealed that law. The machinery
was cumbrouS lily arranged, EXPENSIVE -urproduc-
tive OF the desired advantage. NJ mistake rot the
statemcnt-and Il not being fully obvious how a
proper system, conducive, a. every national measure
should hc, 10 national Advantage, could be devised
the net was repealed. And though Congress pos
SsSs 4 the power, was not deemed no'itic al tho
time, 10 enact another. This, 1 believe, was the
fact.
But. Mr. Speaker, is It not little singular. that
gentlemen of the party chargcabe with what /
believe to be, in certain portions of the country the
very specrous seeming propriety, II not actual ne
ccSslty, OF p ssins "a Bankrupt Law-ayc, Sir,
law more general Ia us provisions than the former
Bankrupt Law, aud IN a grclt decree seeming To
excuse lis Irrespective operation also, should be
the very gentlemen who now first camor for-no.
SIR. will use mi'der express on-demand repel7
u the gentlemen so acting, had ntmatcd To US, that
their party action, which Cccasioned so universal
distress, had heen erroneous we could aorc readily
understand the suitAbieness of their action now
But, SIR we hear no reclniations no apologies OF.
Tered, no excuses prOilercd-nonc. sir none what
ever! And the gentlemen, whose perfect sincerity
IN the belief that the measure ought TO br rcpea
! 60 not question, present II least, tho remarkable
TACT OF having teen, and being VET, most Of them
devotcdly addicted TO The same men the same Marty
leaders, whose formerly expressed opinions com
MINDED their assem-, and whose course OF acton
tendins 10 this very resul: NJ bankrun'cv has
suffered the emphatic rebuke Of disabu.ed
nation SIR, take no new position, IN assertins
that tho Illegal and nigh handed measure OF ren,ov
ing the depost-s from the Bank ofthe ted States
coup % as It was, with he emph1ti. recommend,
ZION oi the Executive. 70 the substituted Stale de-
poSiioues was the mighty stride which insured the
attainment OF the result But, no sir. we are in
formed that such the design nor is the fac,
that the iamen'ab.e result Is the lect Of other
causes, ami those charseau upon the State Banks
which were multiplied exceedingly, and extended
credit indefinitely, issuing their paper RAYS upon the
people Ike so much water and inundatnc the
country.
Mr. Speaker, this is ,rue-o, least u,easureab.y-
the BANKS have run wild SIR aui this Is not the rst
occasion which the history of the world fTord- Ia
prove how much cas- e. u is 10 break down useful
institution than 20 guide country wtll,-hoyy much
easier u is 10 light torch than 70 govern a corat
grafton in as power But Sir who created fi',s.
were ihe party who constituted the overx ho ninf,
moloriia'--not merely n Congress, b1, IN most Of
the STAT Legislatures. aye sir, no 20 l-37-up sir
20 'hc an Of March Of tEat year. Now, sur. IL is
otheri lhink, unusual for minority OF voices I'm
the STATE Legislatures or elsewhere, % carry any
measure-Was IL suffered, sir. VIII S, Gcn'i Jackson
vas Presidentl And, Sir, upon the 4ia of March
~ TINT year, Gen Jackson, ntlkns his leave con-
graduated ms counirymen, that he ief this great
country prosperous and happy, and in the fiil an
joymen Of liberty and peace, and with large sur. /
plus M tie Treasury, yet, SIR his already 7re
ano'n'ed successor had sctrcs taken his seat when
crush came upon the country, uneGampied IN for
mer tunes, ami ruinous beyond precedent The
State banks at that time existed IN greatly multi
Piled numbcrs-iew have been created since who
ncot pofaied these multiplied State tanks Who
Mr. speaker, 10 answering this question IL IS best
perhaps 10 speak upon authority, not greatly re
Saraed' 20 oe sure, where the gentleman came from,
so iir rs MS Opinions were c0ncegned-bui whose f.
sltemert of the facts am about to read, none OF
stoppo"eHia nave ever questioned-l member TOO .
SIR, oi the Democratic Convention ui VIRGINIA which
met IN ms cty-a Democratic candidate for mem /
tershp OF the Virginia Assembly Tor the county Of
No'tOlk-ihe Democratic editor Of a D.mocr,,.c /
paper DO the town OF Portsmouth, and sir the editor
OF Democratic paper in this city. Let ~, hear sir
wha' ne slys-"ln 1880 previous TO the d-s,ruc-
non oil NE United States Bask, there were only $50
focal tanks ~ the country-now there are -23 Q I
m king an increase ~ 493 tank, since the warfire
upon the monster commenced Who has done /
this from principle Whol Where IS there
single Wing State, exec pl Massachusetts, thlt has
either chartered new Uauks or increased the capi.
IA. o! their old ones And even Wing Nlssachu. }
sets was as s,ci 900 this by Democratic votes
Who re chartered the PcnnSyvanla Bank ot the
United Statesi Who Rscreant Democrats and
ANU Masons; not the Wings. The Senate con- .
sisted OF p Democrats and only ~ Anu-Nil,ons /
anu wings. ls maIlrues rule, the fuu' act va, /
done by the Van Buren, Democracy OF Pennsyl |
'vinln. Then .Ook az tte Van Bureni,cs of oui- /
's1nn, tnaucuns a Bank WIKI capItiI u' y NIL. |
miIlons-lndian1 millions
the Van Buren, Legislature Of New York cfa.ie,.
'ei u new banks during me session, and iacreas
'cd me capital of fwo n0rc-mak king in ni ncar ~
millions OF unI'ars-NireInB too. follow. ~ The
same unno example, by Democratic votes" Now.
'ir, this is he statement Of man OF some ability
~ IS ac'n1s lodged, whose attention it seams Us
pnricu ary addressed 10 the subject who carefully
gathered hcts and recorded them here one - hose
opinions upou the subject of banking and OF the
causes which have I'D % the increase OF shn banks
me ptcn gwen Goo the world. Who, sr brought
About t.s state sc tuiugs7 Which party. fir2 Wblf
mem But the very pauY-lnI the very mer. upsr
whom ihc It'c true Wing dcIu-e came AMI rtt.bt /
them, and ovcfwhe.med them 100 their SINS.
Mr. Speaker fhe writer alluded 90 tu tine no y,
preceding paragraph 20 thlt which have rc,d. az
pressed what Doe deemed the motive, wh ch h.d f,I /
10 'his excess 10 backing The ffends Of NJ
Van Buren, dt not commence the wirf.te ay,t,s,
the u. - Bank from principe, lut from interest
tnis W hurren 40 Inoic they J.sfeI to oyerthroyy
the institution because they could not cortroI d. and
Dccnu5s tIe parent institution was .ocntrd boz PM,
de pud iuste ID OF the city Of New York Tho
controversy opened tho eyes OF the people 90 tfe
enormous Danger Of such an institution. and tina
croiy politicians we're caught in ttc-r own tr.p.-
They found Do impossible O. charter Dem1cr1t.r
I'D O. fff.f Do boa o.