Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-11-11

TO the Baltimore Convention in March next and re
spectuly ask the other counties of the State hold
meetings and concur IN the here recommend
ed.
80 Rosoired, Tina; in addition the gentlemen above
naled delegates, woald respectfully recon-
mend to the different the appointment, of our
Democratic tellowc,lztns, G. &. Clay, Jr, ESD, OF
Madison, ThadGers Sanford, ESD of Mobile and the
Hon. George k Evans of Dallas, as suitable persons
to attend said Convention
The Tuscaloosa Flag re.publishes these Resolu.
tons, decidedly approves OF the nomination of Col
King, Vice President, and adheres 10 the ls Monday
of March next, suitable for the meeting OF the
National Convention. Without wishing To mngle at
this time in the details Of the necessary arrangements,
we would respectfully enquire, whether the time spe
Gifted is not too early day for the meeting Not 10
speak of other considerations The necessary details
be adopted, and the elections Of Delegates be compile
Virginia, for which disposed In wait 10 take some
order the subject and TO propose the proper arrange
men,s, will not meet itself before the 4lh March.
As To the place of meeting, ,he Tennessee Conven.
ton proposes Baltimore. The Reporter suggests finr
rsburg-And the Pennsylvania asks, "why Phladrl-
pma should not be selected And we might ask,
why not Richmond: But our friends will not find us
impractcable, either 10 time, place, or nomination
Come when, and where, and how II can We shall be
found going for the cause, and not tor men, Lnioa,
harmony, and concession, still our watch. words.
.7merieon Stocks, and 4ssump,on.-The "London
can State Stocks-and whilst it ashes "Arkansas Mi.
chgan ANA Mississippi for their course and reProbates
the whole doctrine Of eSends lis cen
less 10 the American character and credit,
yet attempts 10 cheer up the spirits oil lie foreign
capitalists who hold stocks |. contends that We
have too much pride people to persist IN or to per.
nit repudation-and that "Another source oil enconr
apement is be found in the circumstances, that the
defaultiny States are daily shaned md stimulated 10
honest efforts by the neighborhood of Governments
l.. ptu,p han H..
eyapgeration which induces the people OF the Union TO
aspire superiority the countries Of the old world
EXHIBITS itself modified degree IN creating strong
feeling Of rivalry between their separate States and
hence the fact that some States have continued up 10
the ", esen time in the faithful discharge of their obi!
cations presents the best guarantee that the others will
ultimately he aroused 10 vigorous efforts The compe.
,itioD for instance, existing between New York and
PENNSYLVANIA is well known and when we observe
TIM, the former has not only hitherto been her course,
but that with the increasing revenues Of her gigantic
uuh,ic works she Likely 10 sustain herself,
dersand that the humiliation OF the latter must be rem
dered BY contrast with the position OF her
rival" &c Upon The whole, the Spectator gives
fdent to the Stockholders oil the ultimate
redr ption Of all their Stocks
The Spectator however closes door of hope TO the
stackhoders through the Federal Assumption Of State
Debts II Says plainly, that "Among the pannceas pro-
posed by the holders OF State stocks the "ne most IN
favor appears to be issue of bonds by the Federal
Government be secured by the public lands, and 10
be distributed due proportion to the respective Sutes
by hom they might be offered TO creditors IN exchange
Tor bonds 4, present held. There is tc probability
that this will be adopted and 10 US It appears by
no ncaas desirabie scheme. The Federal Cavern.
ment IL al this moment in bankrupt condition; and il
the bit of two hundred millions had been due from II c
Union instead OF from variety OF States, the result
would have been, that long before this the dividends
would ha We been suspended on the entire amount. a
similar state of things night recur at future time; and
when il is remembered aso that the engagements of
the General Government would be rendered insecure
by the possibility of dissolution of the nion and by
one or two other to which the securities Of an
individual State would not necessarily be obnoxious,
we shall arrive at the conclusion that the proposed ar
ranaement would add TO the value of the pending
cla,us 1t is vain TO look for permanent relief from
any sweeping measure of the kind. Although that
part this speculation which rests upon the chances OF
dissolution Of Union be phantom, yet there
il enough left TO show that the foreign Capitalists
need not count upon assumption The Spectator Is
right Such will not prevail-lndced, II is
no more "a desirable scheme for US, than it is for
them The U. S themselves want the money-as
much, if not more than the States.