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


faith alone. The fact is, that Eng land never made such
pledge and appropriation of any fund for this purpose
that proposed by the Senator from Missssppi never.
And she is now so much involved in debt, that to
pledge specific funds in favor Of any portion of he.
dtors would be injustice to The rest, and would pros.
tratc her general credit, 1t would be perfectly rldcu-
lous, as we'll US suicidal. She is pressed down by a
mountain load Of debt and is her unarnshed credit
acne which enables her to sustain IT, The moment III 5
be rims TO toi,er her empire end. Our condition
is far different We SHALL trust, borrow more money
in time OF peace except tina. which shall be borrowed
der the provisions of the present bill We can therefore,
appropriate the land fund for its redemption, without
dong an injury to any human being We can even
afford 10 omit the payment oil The interest on our Trea
sury notes punciually however disgraceful, has
been done for the first history by The
Administration without creating any dstrust in regard
IN our eventual so!vency But when we desire under
such circumstances, 10 obtain new loans whilst We
refuse adopt the amendment proposed, the capital
Isl Will look On with degree OF suspicion and will
ask higher premium TO cover The risk arising from
rour want OF punctuaty. lie that you have pro.
vjded means TO pay The interest your Treasury
noies-ihat you rushing in a mad career of ex.
,ravagancc, expending twcny-sx millions annually,
wthou. having provided permanent revenue for the
present year Of more than thirteen millions and half
and that you are pursuing The downward course which
has already brought several ofthe States 10 ruin AL
though feel the fullest confidence tina; every debt which
stall contract will lie paid 10 the last iarlhng, yet
capitalists are u wary HUu race, ana II is
ridiculous suppose that they will lend you money
upon as favorable terms upon the pledge OF your gene
raj faith merely, if an ample FIND appropriated
by the bill creating the oan which would render the
puncua' payment of the interest, and the redemption
Of The principal absolutely certain The truth is, you
cannot obtain the money On favorable terms in any
other manner
A few words more, N7. President, and shall close
these desntory remarks, which have already been ex-
tended far beyond what | had anticipated ! am tx.
ccedns!y anxious to vote for this bill. The measure
tn;s; be an odous one indeed, which induce to
vote in the negative when Tie object is TO redeem the
Government from lis pfesent disgraceful insolvency
wei! know that the American people willing 10
pay their debts, cost what 1t may Besides they are
nnAous tina, reasonable appropriations should he made
TO place the country i'll state Of defence But if the
Wings will force il upon me to vote for or against the
bill, with al! its present odous features, in common
with other Democratic Senators, | shall take the
pnnsibility of voting in the negative They may, as
hey doubtless will, pass it by their own votes.
| shall not follow the Senator from New York, rMr.
Vrshtl who has ably AMI clearly presented in de-
AL the objections 10 this bill. must be permitted,
however, 10 advert 10 of them, which, if not re.
moved By an amendment, will be conclusive aganss