Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-04-01

tie may barrow isosn the banks, but lie - anu IN
1eet. He may distribute his !unos differently iom
what he had usually donei let the mefehan' taAe
part only Of his Tobseeo crop, add a part oil ms
wheat, and his mechanics and his teachers he
balance; yet he is still in debt. And time ana
economy, and industry a'one, can relieve HIM. IL
his merchant and mechanics have stepped out oi
their usual courses, and extended into new, and
perhaps, wild speculalions. they want more than
usual funds TO meet their unusual agemen;s and
pethaps, TO pay their losses. They can no Longer
indulge their debtors and a circle Of pressures
bear ON the whole community. How is this TO be
reheved1 BY Bankl Surely not. Neither car
purely "hard money" currency prevent cure
such disease. To obtain such a currency alone
would be as distressing as the disease sought to be
cured or prevented by ii. The effort would be I'M
wise, inconvenient, impractcable: To effect H. you
must destroy oil the monied institutions Of the diff
ierent States change the haots OF commercial mon.
and their modes Of doing business; withdraw a'mos,
the whole amount OF present currency; depreeiato
the prise OF every kind Of property; augment indeh
nitely the value OF money; change, most disastrous
y, the interest of creditor and debtor increasing the
one indefinitely, and reducing the other in like de-
gree All this may come gradually, but would
surely come. But, without regarding the evils TO
be encountered in this vain attempt, the thing Is
lmpractieable with the present organization Of our
Federal and State Governments. Besides, some
forms OF credit should enter, TO large extent, into
our currency. The economy, convenience, and
sound sense OF our commercial men will have it. No
legislation can prevent IL. And the perpetual wars
which have been carried on for several years past
between tho advocates Of "haid money" currency
only, and those of extenjed credit systems, both
Federal and State, and the courses pursued by the
latter, have caused much OF our evils. The credit
systems of tbs States require reformation. They
should he reformed; and then le, alone. The good
sense Of the community, and the steady action OF
society," will afterwards settle the value of their diff
ferent circulating curroncies Yet that will not re-
move The dis.resses under which we lsbo.. And |
humo!v think that measures of the Federal or
state Governments can give an adequate relief
We must lock elsewhere for remetios;-in indus.
try, N economy, IN mutual forbearance, in time
And rs 10 be hoped. that when thesa remedies are
found, there will be found likewise, in the peaceful
and prosperous condition of society, cure fer the
uitrdisn'S Of al, parties. For this pi,raisn, which
perpstualy assaiis well that natural orde. of so
cicty in which the author Of our being has ranked
virtue, wisdom genius ard physical power for social
purpo'es, as IT'S roiifc-Ious, and actions as they
are defined sni directed ~ our fundamental laws
IS itself one Of our greatest evils.
Most OF what have said above Ia. reference 70
Fedora politics; subjects &C this description only
divide orr citizens mo parties. And 1t is not re-
cessary tyr my present purpose, TO speak Of S;nie
views which have now Disclosed | 90
not suppose TO be acceptable 10 either party and
unoer this belief have exposed the most rcspec;-
July To you as my humble apology foe declining
TO declare myself candidate for tlle Office of Sern.
tor for this District. cannot presume that could
aav the arjor Of party feeling in the Dis,rir; or
diver; its action. And Il party majority seeks in
The approaching election TO accomplish party ends
Or to have the measures OF State legislation mod ed
with party views, could not serve them With
Ill the feelings OF most respectful Difference for
others, consider II the duty Of every public man
20 have the public good alone the prime obisc: OF
his public actions. And If were 10 be called into
public life, | would obey the call, but with tha,
reedom which will permit the unconstrsined exer-
else of an independent judgment in delibera,ion
on public subjects. | should be really craiiied 70
serve you, if a coincidence OF views would permit.
But were TO become a candidate, apprehend YOU
would be disappointed either in me- or in the result
OF The election, or in both. Time, and professional
duties, would not allow me to enter now into the
wiihou, full explanations nv views
would not be understood, and, If understood, would
PROBABLY, be repudiaied ny both parties. Be assn
red, however, gentlemen, that shall ever cherish
The sentiments of gratitude which your kind a,.en-
lions have inspired, and remain,
Your humble servant,
ARCH'D BRYCE.
To Messrs J. Morris z. w. Pleasan,s G l. pr.