Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-22

within any reasonaDie sacrHcp ne sure
VIC are not terra by internal discussions so much US
Span. Notwithstanding what is concurriDg in one Of
tie States (Ehodc ls!and} IN struggle for popular
rrhts yet we are in condition &c great pccuniary dis
credit expect 10 be asked for ample security
Span has had To place TIL !,oiliscds in the receipt OF
The income OF her quicksilver mines fof their security
Even the revenues of Cuba have been talked OF as a
pledre placed under the control of some third power
for the safety nf still further loans And Is 1t un
worthy fer US to pledge our own lands, won by the
valor Of our orciaers aud pltcged by their honesty
and fidelity 20 their Obligations, and which, parted with
instead of pledged during the last hail year. have been
a fruitful source Of all present pecuniary woes
Such pledge has likewise been most srenuously ad-
vocaed by the gca, founder Of American finance and
hs second repor, public credit in l19o, enforced
Il as always ud.cnus by reasons the most irresistible
Are we wiser in these matters than Hamilton Is il
Lsrepuable for Us 10 do, matters Ike these, what
such men he aud Madison and Washington ap-
proved; l. it degradation 10 follow in their footsteps;
or 10 seek well and pay promptly all that
owe. There is lurking conycton in The b'll, il
comes 10 US that pledge useful, why are the
toms pledged: There IS swch 4 conviction with the
Executive also, why has he recommended the
peHson of the distribution 10 AID the loan'
Is the Senate alone 10 dlsayow, repudia;e and dis
parase such opinions And are We alone 10 regard il
as honor TO lake usual and eicctua step to prevent
d,shonor, Blu, it mag be believed by here and
elsewhere that though suspension repeal Of the
distribution is proper in this emergency; yet is not
REQUIRED 10 be made in this BILL in the form of pledge
nj The proceeds, but may he made in a separate bll,
after this passes in bill raising The tariff above
twenty pef cent. Such, understand, the view Of
my frcnd from Virginia, Mr. a.cherl Now, SIR, let
me conjnre such gentlemen 10 reflect whether GUS
pension or repeal in the present form, and at the pre-
sen, moment would not have double advantage; II
would not only render the loan and hence
ob,a nabe on better terms; bnt II would, f done now,
show at once 10 the moneyed world that would not
he Obliged to borrow much By three or four millions
In that view we should certainly be likely pre-
cure what we wanted, and at lover terms; il would
be seen by all that necessities had become less and
means greater.
Nor can for5ea7 TO add in favor Of this recommen
datoa and OF the amendment now under consideration,
that they seem to in strict accordance with the
gnal idea of distribution Of the proceeds OF the public
lands.
The author Of The project, (Mr Clay) expressly and
repeatedly repudnicd Tie idea of any distribution
of q surplus But now, whatever may have been cx-
pecied sst summer, surplus is pretended 10 exist
is likely TO exist. He also dscalmed, and has repro
ba,ed at this very session. The idea Of distribution Of
any money raised b. taxes.
Yet il demonstrable that 10 the full extent of his
distribution, and most think a much greater extent
taxes asst be uPesi, If il takes place. aud what diff