Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1842-12-19
RICHMOND DAILY WING.
soNDAY MORNING. DECEMBER 10. is.a.
THE LoCos TURNING wings.

THE LOCOS TURNING WINGS
The proceedings of the House Saturday possessed very
considerable interest," both OF the novel part
which certain gentlemen enacted the racy debate which
prolonged the session a late hour of the evening.
The first subject OF novelty and nteres, the Bill
borrow S350000 of the banks-brought forward by MIR.
Randolph, and sustained by him, Mr.. Eduiunds and Mr.
Tnliaicrro without word of dissent from any member of
their party. We nstonished, and could
with difficulty realise the fact, tatwe the presence
Lccotoco Assembly What borrow money of the soulcss
corporations! and that too by Locofoco Legislature and
without dissenting voice. The thing seemed impossible
and We thought the House be an animousy IThir.
twill be recolcccd by all convcrsant with the party
contests of the last few years, that the
OF every session. the Wings have been compelled to make
temporay loan of the Banks the obligations of the
Commonwealth A. the proposition made it
invariably assalod with excmc violence by their adj
vcTsarcs. The policy represented m-chiev.
and demolizingas beneath the dignity of the Com.
monwealth-as subversivo of public moras-and ruinous
TO the people. That body but the Wing pary-steeped
to the cyeds i'll political dcpravy, would have the hori
hood Il propose such Better stock
better sell the stock owned by the State in banks
for half its value-better borrow or bcg-or do any
thing, short ut stealing, than call upon the Banks
for cent. AT the very last session, Mr. Speaker Hole
man signaized himself by three hours speech to
this effect And when this party nre in power
the very first thing they do after reundng Cen Jacksons
ne-an oblaon 20 be wheld) bring forward the
identical proposition which they had veh,meny con.
demned, when offered by the Wings And they are not
content with the pay sum of hundred hundred and
fifty thousand-the utmost limit which Whig mpudencc
could but they must have dash $50 900 dollars
The bill is carried through without opposowit an air
OF triumph, brilliant and tcbnbc achievement
IN the complex conscience of finance. II is hasencd TO the
Senate-read twice by the Clerk and in
ten minutes passed. and returned House rs the law of
the land.
Well might Wing remark that they carried Wig mea
with much rapdity and ease than the Whins
themselves could.
We do complain of these gentlemen for treadng in
the footsteps of the Wings and adopting their
But we think they the Wings some acknowledgements
for the abuse formerly laished upon tem and as ,e a.
they could in decenc do would be beg pardon for the
past
The other Of interest before the Housc-ormade
interesting 10y the discussion, the bill ahozo the
Banks 10 continue 10 issue and go notes. Mr. Hopkins
very promptly aasaed ths 6s most mOnstrous proposition
with all the weestablshed hard money doctrine,
of the day. He was seconded by Mr. Edmunds who gave
us whole voley OF poticoeconomical abstractons-and
by means oil which, he demonstrated that there now en-
tTey too much money in circulation and farther curai
meni was absolutely necessary for the good the
This deduction fair and legitimate from his prem
iseswhich elfeviden truths of political economy
and which deduction every man, and child in the
State know 10 be unjust ami without foundation But il
of the blessed truths Of that nfaible Scence-Polt
cal Economy--which has made many dreaming and
mscheyous statesmen. Mr.. f. eHpa,iatrd upon that we'll
established principle OF Political Econ omy tat specie and
paper cannot circulate togeterthai the mortal an
hpaihy between the two and that both OF dwell To-
gether. Upon this pemise-wich uni versal experience
teaches TO be false the discovery that there too
much money-he argued that small notes would Danish
all the specie In respect hls OF the spea kers Mr.
Taliaeo We beeve) Observed that if there such an
intense hatred between specie and small notes. il was fair
suppose there still greater enmty between specie
and large notes.
Messrs. Anderson, Brown & Taaferro urged the passage
of the bill, the ground generally that il would aid the
Banks IN maintaining specie payments and those ns-
tuions from the necessity of further curiailmen,
The motion to postpone indefinitely failed by larger ma
oriy than in Wing House last winter. Then there were
81 for postponemeni, and there are only 3l-showng
decrease Of four hard-money men.
The bill was passed by large majority and sent To the
Senate-where it laid the table until the 10Th of
January.