Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-03-18

we find them resisting the appeal with their
warmth OF opposition And, strange TO say We hnd gen
enen from sections whence ought least To be
pected cooperating with them In their hostility the propo
ston BE il understood Csad Mr.. L. that he did not 90
pose increase OF upon slaves All he asked was ma
the upon land, able to bear IT, should be made equal
that proposed slaves, and he was indifferent Hs "
\ the amount equality was preserved
The objection which occurred 10 him was the pro
vision imposing is ct "a PCT sent upon !es interest ..
State Bonds. Were the Bill acceptable M aloiher respects
this provision alone wod determine hun 10 vote against
it, So his mind -unaocustlntd he confessed IN the mys
eFics OF Financ,-,,. Odo~ and abOains
bic principle introduced into the Legislation o any
Just and enlightened couny. IL Will sink us as deep IN
disgrace the ancient people. whcsr hahua uufaithtu
ne- their engagements, acquired lot thcit nation tie dis
uuguished Characteristic 81 PuHcd tides; and beg
tcren pause before licy penieuus example
give ct their deliberate Judgment by
grating it in the Legislative History OF Virginia WHAT'S
the character aud operation OF these State Bonds You
forth into the Market OF the World, and oer Your
\ bonds tor sule, picGging your aith and honor-thc
most solemn pledge nation can make, pay & per
cent. annually the principal and within given time 10
redeem that princpa You invite confidence bv the t.
ness OF your ptor and procure bidders and purchasers
ypiedging the Jliti of yospmcnw'jth hthetto
hshcd and unsupported. The contract Is made. flvdr
bonds cold ad purchasers, syho
lying upon ror engagement rest s,vare M he assurance
of it honest literal and panciua ulhmcnt The rrineis
pal " the bonds may uctuatc in value all other property
and securities WILL but the interest Sed and certain and
demandable s per cent. Tins at least in the belief Of
toe holder. uNang value, and receivable when due.
Blin the time Treasury becomes embarrassed
and the falling the accustomed sources
reduced the Ut increasing
the demands ct your pubic creditors (hsse bond
holders for the due them Your great sociude
and leading object protesSedy, raise revenue
the ccdt and hsRoT I the State, and the Interest
due these very bond holders And what is the
schem. prNpnsCa' Why wonderful TO say--thc f. (
oil this House whose holy Of public Justice,
aud Jealous PATRIOTISM alarmed lest the honor and
d't of the State should suffer for the OF
preserve the nyoatC by profound stroke Of financial
policy surpassed b the gouus and wisdom o Tur-
got Ncckar. Pitt Hamilton, propose the
yh
ect raise revenue 10 pay Can gentlemen be serious
Have they wen considered the proposition Was thctc
sysrnny thing monsTols and absurd! If you
part why not iaN the wholelif take part why not
take the whoel lie woald suggest gentlemen that
would prove quite the most ready mode OF paying OH the
Stale debt, Why what Is the operation You six
dollars interest your bond OF Si0G When this interest
demanded by the terms OF contract by which You
ohgate yourself pay the whole without abatement
YOU tender the creditor $685. iu discharge OF the So,
which engaged pay, and which Won bound by
the solemn obligation the faith and honor oa State.
pay. But this is ndta htwcrcto end m simple injustice
the creditor base that would bethe nGry might be
compensated in other mode, other time.
But you iasly your honosyou violate your aith-you
abrogete your CONTRADICTION depec1le and degrade the
credit of yoHr State. honesty be dis;rusied
every wherr Your bonds will fail price proportion
to the reduction the witt givr
much bond bearing 6s per cent is for ono bearing
per nd upon any bonds you may hereafter
and put into market, the effect will be the same, and
the State be loser money aud character. As
of policy, therefore, seemed him. thai the
most injurious, II not most fatal And gentlemen call
Commonwealth
Do gentlemen weigh well their words! Do they under
stand the import Of the terms they Or do they
p:chend the nature and extent OF their obligations You
boast public faith and honor but the world
Will hereafter understand you boiior The ssgaciogs-he
justthe discerning yi call the thing by right
Pypocical and hollow profession! YOu literally
Keep TIE cord Of promise 10 the ear,
Ind break u to Tie hope!"
You may hug the darling delusion to vonF bas6ns-y
mny attempt conceal the ini4uity the act, under the
saennG guse OF thxauon-but II y nothing less
nrcpldatinn-Pracu Observation-Disclosures repH-
diaioR! 1t fixes upon the escucheon ct this
an7s shaucs resi IN their rayes-;aosr Just and viz
iuous patriots WHO h-t impaired TO IT, character all is prs
4 TIE and long descended givriCs,
And yet the gentleman from Albemarlc iuyokes us to
forward ana By the passage ihis Bill preserve
the faith and honor OF Is venerable "nohor
81 Statement And the solemn invocation caught up
aud cclio brought bark our cars hy vuribus gentle
this Hai whose voices heard repeating the
/ words-'pubic faith and honor" M l. did not know
what ideas goStlnen may have public honor
butif he might he allowed to Judge from ac practical illus
aiion they give ri them ths Bill they dlered very
widely from him and, IN his humble opinion entertained
very false and inadequate conception % their high and
lemu import ard would prove unsafe guardians If they
WAYS thoyght and acted thus the public faith honor Of
yeneruted mother OF statesmen. TWAS
nohus he believe that would torcatiers
~ tie pure aud paiay days the Republic guarded
and protected the public faith unor. 40. sir No!
Sgch the eytinatou hch public faith and credit
were ches"cd by HE mon who pledged their lives their
iOuaes aud heir sacred honor the charter our Indie
pcRdrncr! They would not have sruuk the cdemp-
tinn OF that cLaHy other pledge, by fumeat OF less
than the whole letter and spirit Had such re-
creancy seized len, might ao tins day, under Il repub
cn form government have been dcib mig here inree
debate The faith pledged by them elua! unshdken
ny considerations oi pocy or motives OF seliatctst.
Theirs wise and Just appreciation OF the sacred OBJ.
legations of public faith. when bound and I'D.
yersy but established the hrner upon base and de.
Adopting uer the beautiful sentiment Of the
Roman poet:
3