Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-12-10
TwENTY-sEyENTH CoNGREss-.sd Session.
(from the G!ebr, u Drc. .
CONGRESS-.

ron G!Gbr,
CONGRESS.
The Senate formed no quorum to-day, and, as con
sequence message WAS received from the PRESIDENT
In the House, however, as will be perceived by our
Congressional columns, the rump OF tins long pariIa
ment of Whggery is preparing 10 do great things ior
the country. Its two ettraordindry sess'ons-whlcb
have filed up, far anos, the whole time except tina!
taken in travens) in mischevous discussions, ending
in more mischeyous measnres-have reduced the
Pumps lease 10 the span OF three months In maj time
it would seem, from the movements to day, vast thngS
are 10 be accomplished. MIR. Adams has already
preached his Abolition project; and standing
there have been some hundred decisions aer as many
violent dscussions) that this is subject Congress has
right 10 NEEDLE with, yet II probable that tue
rump parliament Of Whiggery will opca up The qnes
ton upon every petition which fanatics, either sngly OF
in shoals, may throw in TO excite fame, by insult and
attack the rights of whole section, especially qua
ranted by the Constitution. Whiggery now feels that
it must be thoroughly identified with Abolition, he
come hopelessly bankrupt political party.
But il will be that the Honorable VIM. Cost
Johnson is disposed to rely altogether on the Ado
tionsts redeem his party from lis present prosrace
condition. Broken down il is, he thinks that il can
not only raise ITSELF but raise with it every interest
State and individual, which it has carried down. ant
insure this general resurrection oil his party and III
policy he advises the prescription which has become
| maxim with inveerate topers-"Mc hair Of the dog
for the cure ofthe bite"
II will be observed that lie has asked leave 10 intro
duce LH for The reig IF The States, Territories ana
District of Columbia! And this universal relief ~ I.
be given by The United States, which, as body, a
this moment is not only suffering under the maady
which The members that compose 1t States and people
endure but also under the peculiar distress brought or
it as a General Government by bad legislation and
NAL administration. Federal Whggery, by the sti
muus Of lis credit syse,n, has the States wild
and individuals mad, Gith schemes OF improvement
aud speculation. Industry, employed upon realities
has given way 10 rnaudn dreams, batchcd in The
brains OF Missionaries, sleeping on soft beds OF paper
money; and now, to relieve the country from The
universal nightmare, MIR. Johnson proposes to pour
out two hundred millions of dollars Of paper money
in the shape of stock by the General Government
and this, in notes OF from 800 to 81 600 This in
fusion of hundred millions into the present paper
medium issued by the banks, is not the whole amount
of currency with which Mr.. johnson would at ones
flood the Union. He thinks it would stimulate the
banks and they would pour out gold and silver tina
the State stock business would be terminated, and We
should have another deuge of scrip from that quarter
performing the functions Of money We take SCRAP
or no from Mr. johnson IS funding (mght we not call
it fuddiiag) system, that our readers may have h'
own words for this universal redemption BY paper mo
ney. We think his scheme should be ohrstened pro
ject for paper money millennium ashnplaster jubilee
"My proposition" (says Mr.. Johnson) snow require,
the Government advance TO the States OoC
in stock and receive the proceeds OF the sales OF the
public lands until the whole debt shall be paid
This is the prescriptions now for its operation:
81, would restore the cred. and character OF The
country at home and abroad. Confidence would be
again established and business would revive and flour
| ish. By restoring confidence, and augmenting the
solid capital of the nation it would enhance the value
of property ard cheaper, al the samo time, the rate
interest for the use OF capital.
This, all must confess, is pretty eihcacIous dongi
for only fe hundred wagon loads of rags and lamp
black scattered wide continent. II is ceralnl,
more fruclifying manure than strongest lime, II
can go suddenly augment ''soIid ccp'at and "ehane
tie raiue Of property But, to produce the full effect
it will be SEEM the DaBks and State stocks are 10 lent
hand in the cultivation hr Johnson continues, ant
thus recounts the wonders Of Tie Wing philosopher
store, made Of paper
SIT would revive confidence, and enable the bank
TO specie payments, and 10 pay out vast guam
titles of gold and silver in their vanlts which they
could substitute by this stock, which could be replaced
by specie upon any necessity. 1t would add TO The CIR
cuation Of the nation and scarcity of capital ant
money is now national calamity. 1t would enhance
the value of stocks Of every kind now deprecated, ant
especially those hypotlecated by the States and I'm
provement companies. 1t would prevent unpleasant
negotiations between this nation and the nations 0
Europe which will assuredy commence when repn
dia,ion, real or virtual, shall once obtain. II woult
serve as safety valve that would receive the excess
revenues which would occasionally accumulate from
excess Of importation and large sales OF the public
lands that might occasionally occur, and thus keep up
| Inc regularity anu eguI"o''o" vi TUG has"'"''o
Government 1t would induce economy in expen
dtures in the administration Of the General Go
vsrnment IL would benefit the farmers, by increasing
the value of real estate and relieving it from the ope
ration of direct taxation, which now serves as mort
gage upon all taxable property il will benefit thu
daily laborer by giving him better reward for his skill
and industry, by increased prosperity and increased
capital Ii would be Of service 10 the manufacturer
by establishing lus tariff that would last for al leas
twenty five years. 1t would benefit the Sonh, BY
making that tariff tariff for revenue, and protection
would be the incident from it, and Of securing s,abilt,
in legislation, which the North most requires for lis
pursuits, its capital and its prosperity.