Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-27

/
Vas insisted ,hH the Government return the sys
Nm Of Treasury Notes. Nhol Would our credit b,
sy better on treasury Notes than the bond o the Gov
egnneat They cvuld compel the public tfefoT
take them in payment # his de5 and not, would the
public ced be better notes than bond} II Mr.
~ sfpod GO to n to borrow sum he had nerd Of
and the would let hnn have the money On his
t1 under per cent interest," would he let hun have
any 'ess interest on his prnnlSsory Motel II he would
he be eer somewhere. II, then, these Treasury
90 interest Of per cent. II mus, be
BY ftrce--ehor by the ion 1T necessity laid the
pnbc creditor b, law by actual strong handed espo-
tisn s,lch 5esPp,ism prevailed in ancion, times ur no
form oil mnd.fs icsrillsin would attempt such
th.Be. Tie state oi the public credit eotrcil.
kpwn. aud II certainly esud not he made an, hr;,r y,
En- sur, notes. L. this Argument. Mr.. NJ REASONED
fairly and neenly. nat iIaln any party b'As H. did
Ish. TT part. SAKE, 10 the government Of hi,
COUNTRY degradcd II, ready tr Jet her sorrow on
the bot terms she could got b1i Lnosc terms never
cnuid he better fhsn her credit wa. Surely il Was moi
in - contemplation II geu',,a on to cheat the public
creito 10 the extent Of tn .iue Of Government credit
IN the narset-ihat never could be seriously intended
MISS. ,herelorc. he detained nnrr hight ON subject
whHt he did nat pm, $ 10 understand As we'll a
genilemcn in thu flouse. he slll profess himself
in favar Of tie I'D plau-fhe Wing plan lac would r.ll
it'd giving the hsld ii tic Gov, rnn,ni On time lie
would rather give thc peT ccn and get the money
by an than atcnIa this most doesfable Of all modos ol
RAISING money mode To which lac could be brought
~ give MS ctnSnt, unlSs IN The iHt-t extreme clfrum
Aiailcrs Of NECESSITY II thcSC notes were forced on
the public creditor. ia, Government ourtrIp HIM If
diswnored sslih, aei ot open bankruptcy; anil lion
there should h. las itcd clause tie bankrupt h H.
include the Gpsofancnt oi the United Stats \
laugh What talk II ublc credit What could 50 II
ieruay sirikea dagger through the very heart OF liz,
pubic credit as this! What tins Government In ,ur
tralcr' and laulrrp foh,f 10 bot To snir. On It's
own paperl The political school in winch he had stud
nd never ncEnis'si such POLICY that 1t might be-
sure. be neat hnane9t opcrlton but it involved
question II tiie nation honnI lfyon raid ynlr credit
'rs pay tc'n IN sorLcthnc that was worth thur debt
II ,m could MT Get the money IN ray It. IN all Ton
siencc add IL. amount of discount and pay the whole
II night yer, unpleasant and yery ALARMING fbiuo
10 hii 'a' creditors that the credit ot the Government
was at seven IsT cent. below tnr but h, voIld trr
them 81; and though hls constituents should hn hm
from his seat he would rather vote fr dlrc, tax, than
he drivcn 10 snth systen. here could be M dn,f
esce IN expense between lean aud thrsc notes unless
II WIS intcnd 10 tt lle pubic creditor +, In, ., ,,
of tia difference.
Nj VI had no desire 10 inpoarl, this Administration
OF any Other. that was nnt tho question now-bs was
tune Ia crnlnatr rud rocrlmIii1fc Ia efy o,,r mill
milk, or 10 GO baek - thu rauR winch had induced IA.
present state ii tlc country and The Government ,r
wlsc long IRAN o r1u~aiion might be traced m ly ,
eve Cd tho Pnlophlc siaieslnan There mover was an
effect wFt'ou' cause ami The cause might b, rnrsiirI
sop by stop back and back ul 1t vas shown how FINN
the Hsnst painy sap {" prosperity and the very Labc
condition " Puot' circuit ever cunycd by any nation on
This earthly enormous policy olslinatrly clun, 4,
and still persisted IN hv wla was ral,, WI o Admin
,slr9,onwc bal hcen reduced e. our present si,tr ol
sr2ar shzmc. Bni he dared not O. into that ny,4d,,
II not great " hilc ago when he had Aut
iaus rovcnue 81 ihnN tnur millions per annum m III,
lfoasury-when w had the beet currency under the
sun currency such tn prca Government Of Eurnp,
never did or could possess because nnnc of them oXlen
ding over the san" widespread space ever had ecu
tlal power whose fiscal reached over the whole
knssa, i rance, Germany, never had such glorious
sM and twenty States. with Government whose hand
cn He'd them all, and whose heart VAS strong enough
70 pr9pe the vital blood through then c,notc exircmi
ues. More than thai, This Government WINS the onl,
one, IN all the history of modern times which have ever
paid uf Its national debt No Government wps on n, I
cord since the DAYS ol the X man Empire which had a
ch'evcd such thing. hut the American Goyornmcn,
had paid hors-Isid It all to the last dollar and that in
good hard genuine ayr. and had besides an ms ~
by which II could throw It's currency "a all IN, ends
ui the world by the scrapc of pen And all tins
after passing through IN which all tho odds were
agans, her. with all the unamed encrty Of young pi
api. And where was this glorious Government
sow! Her credit in the dust openly dlsrr,ccd. AJAX
ins iurtwol,o millions, and could not ", ~ VINO
IT.
But he would not touch on tia, theme. he alluded 10
IT only TO show tho ofecs Of this miserable c1nrmlc
hucksierHg scheme Of temporary cxpcdcns. \ s,s
tenn which had brought this country : honor ~ low he
must "repudair' (slncc that was now the wortD as
TIT policy for such empire this Had as our credit
no" was. Treasury Notes would make II any bet.
ter. but much worse. from the damnine acknowledgment
itnvoved tina, the Government could not get money any
where else.
Nj UNDERWOOD obtained the noor, and moved
III the rising Of the committee.
Tie motion prevailed, The committee rose. and tbcrr
np,n the House adjourned
&; ODDS