Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-03-28

efforts to regain their natural liberty hfrngcd no law Of
,beI s. States, and were liable To punshment-that
attempts regain them would be Unauthorized b, the
constitution and Incompatible with nstiona HONOR
As i, would also be to our national influence in
favor Of the coastwise slave ,rade-The House was
Instantly in flame. Mr. Adams wished 10 vote ON the
resolutions separately he was for Others against
Mr. Gushing pronounced it the British argument ON the
subject. Finally. Mr.. Giddings asked and obtained
leave to withdraw his resolutions. MI Bolts imme-
ds'os offered resolutions OF upon Mr. Gddinps
br-ong out of order. the House refused to suspend
AS VS. for It's receptions but the call for resolutions
from Ohio being continued, Mr.. Weller adopted Mr.
Boss resolution as his own-upon which LONG and r-
regular discussion snsucd, and Mr. Giddinps asked ill
Thursday week to make his defence Pending the dis
cussion the House adjourned Ccnsne is by far too
slight punishment for man, who in the existing con
dlton Of Negotiations with Great Britan-f at any
time they justabe -dares 10 submit such rosolu
tons to the representatives Of the American people But
that it would make him MARTYR and enable him to
thrive upon the sympathy rsh procedure might
excite he should be expelled from the House. and led
out by the door keeper with halter around his neck
fit emblem Of his offence, and of the punishment
which it deserves.
You will have the long correspondence between
President Santa Ana and Gen. Bee of Texas & between
Santa Ana and Gen Hamilton IL had space and time
would attempt analysis of it, but il is too important
TO be materially abridged Suffice it, for the present to
SAY, that the letters Of Santa Ana betray feeling of yio
dent hostility To this country, and determined purpose
10 attempt the rc-conquest ofTcxas. A late arrival
from Mexico brings information that he had 80 900 troops
assembled fn the purpose of assaing the rexans
Will he dare to head them7 If he does, he NAV very
safely expect ia meet with another San Jacino-bu he
will be fortunate if he again cheat the hancman
Nine Of the Philadelphia Banks have commenced the
resumption ospece payments; and stated that thus
far the amount of specie Withdrawn from them does not
greatly exceed the deposited. What practical
benefits, then again ask flow from resumption if the
sad substance Of it is that much specie rem
the vaults Of the Banks after as before it takes pre1
The common argument that it will ill the channels OF
circulation is rcbut,ed by this fact The whole benefit
therefore, consists in ths,-that the holder Of note
knows lie can get the specie 70, it On demand if he
wants it-a,d, hnocing this, he don't rant Il, But
would ask ifwea are not paying dearly for this very
unimporan piece Of information by compelling the res-
ming Banks 10 contract their circulation and TO that ex
tent adding to the scarcity of money, which is already
extortng the cry Of distress from every quarter of tie
country? The great evil of coercye resumption is
that II dsabcs the Banks from furnishing rccft to su
ferng community, at the very moment tina, the Nee 50
ry contraction Of their circulation Increases the nccess,
and swes the camor for their relief For it cannot be
supposed, after the Banks shall have redeemed ,bcjr
notes. that they will again issue them 10 be again re-
turLcd upon them for payment in the precious metals
ne people OF some equities in Virginia clamorng for
'rcet' in the shape Of Stay Laws bu, the most etl;
cen relio that could be afforded them would lie to ex
emp the Banks from the forced action of the Legislature
Enable them 10 discount within proper limits and Tie
farmer and planter will be enabled by the fair price he
will obtain fer his produce, pay his debts instead of
saving his property from forced sales ly Stay Laws
But compel them to refuse loans to their dealers and
every species produce and property must sink in value
and 50 continue until even their Stay Laws if enacted
would be found TO lie only postponenent of the evil
day, which must at last come with accumulated inter
est and costs.-The Delaware and West jersey Banks
are also about to resume.
In New Orleans, the money market is in a most dc
porabe condition. The Attorney General has lnslitu
Ted proceedings against of the Banks which refuse To
comply with the acquisitions of the law and three of
them (the Orleans, the Exchange and the Atcaaaya
have closed their doors. and transferred their books as
sets, &c to The Board of Currency II all Of those a
gllns which proceedings have been commenced are clio
sed but SIX banks will be estanding and the New Or
leans Bulletin Of the 10th considers it doubtful whether
any OF them can weather the storm. Ii has been dscov
II I'd too that the paying teller of the Atchaalaya Bank
<ssdeiaulter to the extent of 90 0O and other over
drafts are said TO have been discovered amounting to
$4,000 more.
10 add to the pecuniary distress of the people Of New
Orleans on Sunday evening the | 9Th inst destructive
Fire broke out destroying the St Charles Theatre the
Archade building Tie loss Of property is estimated at
hall million of dollars. The Theatre $50 600
and was morgaged 10 the Gas Bank fyr 100000. The
Arcade building $l2O,Ct0. and was owned ~ III,
Gas Bank. The splendid CHANDELIER of tile Theatre
which cost 600; and the entire wardrobe scenery
&c valued al as much more were DESTROYED. The loss
OF Mr. James H. Caldwell was very great The Arcade
building is believed to have been insured
RlcuMoND, March %, 1912.
he House ofDeegatcst this morning disagreed TO the
Senates amendments to the bill authorizing loan tn,
James River and kanawla Company--,he first of which
proposed to make the loan absolute instead Of requiring
he company to exchange its guaranteed bonds 10 the
mount OF 1850 900 fora like amount of State bonds
'he second struck out the section making the Prcsiden
and Directors of the Company responsible personally
'or strict compliance with tie acquisitions Of the law
Committees of Conference Of the two Houses have |,
appointed TO reconcile, if possible, their disagreement
But from the immense majority neary 3O) in the House
have no hope Of favorable result. The effect of this