Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-03-15

ing.
IL IS not without reluctance that l feel called on
10 notice the administrations made by our oppo
nents on the Bankrupt Law. | put Il TO the homo.
raeie gentlemen who put forth the address, wheath-
CT uhey have dealt fairly in treating 1t asa Whig
"easotef u was passed at the extra session by
anu against the votes Of members oil both Houses
VINO belong TO both OF the great political parties. A
OH to repeal it passed a, the present session. q
wang House OF Representatives, by a large marior-
tyi II was lost in the Senate by a majority of one
ION parties voting iu~discriminately FOR and againsi
1.-THE Virginia Wing Senators voting for the re-
peal. Mr.Cloy is assaied because by a change o
his single VIC the bill for the repeal would Fave
eeen passed. Iii was a Democratic bill, why no,
oenooneo the members Of that party who de
serted their flag, defended the favori,o moa sure OF
their party, and fastened "this odious law upon the
country ;" Why pass over the Democratic Sc
majors who voted ueaias; the repeall Is /,
JUST Is II candid. | had almost said is il homo
'aoie' TO lay this law, ifit be n bad ono. at the door
OF the Wing party : Can tho authors OF such an
.''oeS really feel that consciousness OF the Justice OF
sheir cause which they protest. Can they feel tha,
eoyant expectation of future triumph Of which they
BOAST, when they thus experiment. upon the GOOD
sense and integrity OF the people OF Virginia , Did
no. GENERAL jackson recommend q Bankrupt Law ,
p'd not MIR Van Buren, eeomme one in its wor,,
and most odious foFm7
Asa further sample OF the fidelity with which
'he address makes itss'aement OF facts. | beg leav.
70 eite what is said OF the course of the whis mr.
" IN this House on the subject of the Distribution
resolutions. The address says: Resolutions have
been introduced into the present General Assemble
having for their object the instruction Of our Sene-
'orst - procure the repeal OF these obnoxiou, laws
the Bankrupt, Bill and Distribution Law. and
also 10 oppose the establishment. by Con-
gross OF a National Bank, or any similar insti-
'uoon. Ihese resGtHiisns, tho whic party. bv
a small majority, lave nailed upon the t,bl.
tnongh repeatedly and earnestly pressed by the
democrats TO net upon them, IN to this time.
they have s'ubboraly refused" Here is a plain
1 0NGFnlHnl In A he NIn, NmAs- =
raj Assembly have refused TO consider The ,osoI,.
'ons concerning the Distribution law. and as l,te
as the , ofFebruagy, lsis, the date of The adds
t'0"S" rtpcafsfy ana o~arnsSily pressed Iy "a,
democrats" had 'si.Sbo-n'y refaseS." Now. what
IS the tru'h2 The resolutions eoncerning = AZ
were oueted by the gentleman from Acccmac (alr
bWyi) taey were not considered because il wa.
thousht TO be useless to consume time in their dis.
euSS'on. INC question OF a Bank was mo-, considered
d practical question:; the opinions Of the President,
without whose sanction no .ueh institution could he
estAvliseed, were Known TO be cdysrse TO one The
resolutions concerning the B~ankrup; law was dis
rSsed oihoI s n'iar reasons, tho opinions of a large
majority OF the Wings Of the House were known
- be opposed 10 that law, both OF our Ss,,,ors
Lid Noted AGAINST us nass,-c, and almost
every Individual of the Virginia delegation in
,he tiouso OF representatives. their opinions were
Snown 10 be unchanged, and a bill was then n.pa
inS before Congress for lis rcne.L. Wb,ts go. ~.
necessity, then. Tor the adoption Of thes. resolu,i,n.7
CoGd their discussion have had any other effect
uian 10 cause an unnecessary consumption of tim.
and useless expenditure Of money
The resolutions concerning the distribution law
were initodGced at an early day d. the session. bv
tfe gentleman from Louis,. In an incidental Dis
cusNon which sprung up at the tine. when obiec.
uoh was mace by Somc members 10 the consiteta.
tlon OF any OF the resolutions including those WI oh
] had offered concerning amendments 10 the Feicrni
Constitution, whilst | condemned the resolutions
concerning a Bank and the B,nkrupt laws. for ,Le
reasons already given, | expressly took etound in
i'v'r NJ considering the resolutions concerrino dis.
%tfiouton, and assured The gentleman from Louisa o.;
my cooperation, whenever he dcsried TO move
mem. Long alter all of the other resolutions had
been disposed OF, these were suffered to lie on the
liable. without an attempt on The part Of sny OF
their friends 10 call them up. They were suffered
10 lie thero 10 the dissatisfaction of some. nj le,sr
ot the Wings, as | happen 10 know, who desired
10 have them considered. At least. the subject
was mosed 10y the gentleman from Cumberland,
whose resolution has lead to this debate. Thcse
facts arc not only known TO all present. bu, are
atiested by the records Of our proceedings. pass
now TO the subject Of revenue and expenditure.
OF all the charges laid ct the door Of the whis
party, that which holds them accountable for the
extra session OF Congress, the deficit il the Trea-
surv, the expenditures of The Government. and the
proSirn,ion of credit, public and private, is the most
extTavagant'y unjust. L. shows about the same
knowIedse OF cause and effect, as that which nttri- |
buics to the Sjf Of prophecy, the announcement on |
the l6h Of March, 1871. Ly the democratic mem
bers of the House OF Delegates. that a epecial ses-
sion Of Congress would 10 called; an event. the
happening ct which was as well known 10 every
man, and every woman, and every child, who had
read a newspaper, as that the sun will rise tomorrow.
IT the second sight Of the Convention is of no hiPber
grade, although we may allow them the eiH oil
tongues, we shall have llIte cause TO iremble under
their vaccinations IN regard to the coming elections.
But to return. Under whose auspices was il that
the host of officers were created and a system Of
established, which in four years con.
snmed the current revenues and Sl7, 000, 900 Of
the surplus OF former yeas, and left the country
in debt, twenty, according 10 some, according IN
majority in Congress Of the session Of 1910 ~.
and obstinately refused 10 authorize the emission Of
even treasury notes TO an amount sufficient TO
meet the asce.;ained demands upon the trea,prv-
which produced that very state Of bank.
with which the Wings are upbraided ? Who
appointed and retained in office defaultine nsen,s
who robbed the Treasury OF millions 2 Who spawn.
ed the mushroom banks which banished specie from
Slapped private morals, fostered a spirit
Of gambling speculation, and ended in the ruin Of
and the pros,raiion or credi: public and pri-
vate1 Let 1t not be forgotten, that during the ten
years previous to General Jackson's war on the
tanks, only twenty two banks were created, with
SS,OOO,OOO OF capital; that during the next ten wears.
under n democratic regime, tw hundred and sixtv
eight bhnkswere created with S3650OOOOO ofcapitaE.
that the fnrmer banks were generally sound and
the after generally unsound, and that all our bank
troubles have come IN consequence fa Democratic
Administration OF the National and State Autbori.
tics. Which OF the great parties was in authority
when the two hundred millions were borrowed by
the States from Europe, and who are they who now
repudinte the debt, and make the hitherto proud
name Of an American a by word and a reproocb7
by whose misrule is II that even our capitalist nre
afraid TO part from their money upon e.her private
or public security Who, but the very men who
lay The ruin which they themselves have wrought. |
20 the dol Of their Successors2 In what condition
did they leave the deiencts Of the country Let their
own Secretary answer-tSoe Ann. REP. 3O,h Nov.
m the extreme is the picture he
draws OF our de'ences-dlapidauon dcciy and
rum peTvaded them nitvery point. Such was our
condition. confessed 10 the iacc Of world. ut the close
OF the late Administration, when serious snnrebco-
SONS were enlertainedoi a war with England vbo,.
power Of annoyance was increased, beyond calcui,.
ton, by the application ofstcam to vessels of W.. a.,
Improvement she had extensively availed her.,lf,
81. whilst those 10 whom zee had intru,,ed a.,
atiIrs were squanderrg millions IN retain and
perpstua,c the power which they had abused
"m7uslng over their political schemes md could
the Wings, in a few short months. Of sucb IL .i..
laton 90 they could effect with a Prs,iJent onn1-
sed 10 them, as with the wand of n Magician ts,b,
all these vfongsf Can a system Of Admioist,st ion
and disbursement he new-modeled-the nvenuo,
TO waste end feculaiton closed, and supotauops
expenses Tctrenched by q mere cct OF voIuon1-
Gan dcbis DC luij, current expenses provided for
iorthcoiions and steam vessels, md o'her shin, n
war ncccsgnfy Tor our defence, be built. armed and
equipped without money! Con the reckless vas,c
OF years be repaired IN on hour1 All these tbincs
require time and patience and perseverance,. oTJ
can u be expected that the people Of tho tioitsJ
states because the accumulated mischiefs Of gene.