Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-02-04
TIE STAY LAW-STAID

With every sympathy for the distresses OF d
debtor class Of The community, and with every ,
spect for the sentiments Of the Delegates, who / !;
with us about the remedies for the times, we car
help congrutulating Tie public on the indefinite pa
ponemenl of the Stay Law, and It's several noG.t
tons. On Thursday as., the debate was KEEP. % ,
Mr.. Smith of Harrison in favor Of the measure
alessrs. Taylor Of Norfolk, Williams Of Shensncn
and Daniel OF the City Of Richmond, in Opposition
it, The previous question was then called b. n
Rust Of Fauauer, friend Of The lawand II wus ,,t.
and carried, though Mr.. Anderson Of Prince Ecs,
wished that i:s friends might have an opporiu,,
OF producing any or all of their strong arsunes,
if they had any 10 exhibit, in favor Of the l.s
The main question was then taken by ayes and r,,
on the indefinite postponenent OF the whole SUBJ;
moved by a!essrs Daniel of Prince George, and {,
munds of ualifax-and carried by decided mslg,
Of l4-ayes -, noes So. The ayes and noes apFa
in another column We are not only pleased w,aa
result, but the manner in which il was effected
turned out, fortunately, to be no party question
fate was decided by 10 party vote. Wings sGt D
mocrats mixed on both sides Of the question. Iat
of The strongest Wings in the House argued agit
the aw--and when the vote was tnken thirty two VI
voted for the indefinite posponement, out THE 2ag.
and fifteen Wings voted against the indefinite ;.
ponement gu, Of SO noes. The House was uncomaci
iull-only of the Delegates being absent. We r.
add too, that the vote for the indefinite postponeG,
was not perhaps rs strong vote, Us 1t woL!d hs
been against the Stay Law, any OF lis moji.catc.
few ofthe members voting against the postponemet
in order that they might give the friends OF the
preets opportunity Of testing the success Of Tie
fayorite propositions.
So far, then, we think, SO good This vote :
raise the private credit Of Virginia every where.-A
now for the other important step-an increase Of i
necessary taxes TO support the public credit o! lsa
and then will she hold up her head with the proate
Of her sisters Her State stocks will rise to par-
deed, we consider the credit OF the C0mmonweaIth,
elevated, By The vote of Thursday morning, a, las!
per cent. So be II
Other stocks continue to rise in New York, and Il
amount Of specie is increasing. For example, The {,
lowing is an extract in the "Nouh American Of /.
pha, from New York, January 81
s'Business has been very active for the steamer
day, and the state Of our stock market continue.
improve, and the greatest confidence is felt that
lowest point has been passed New York Seyens 70
l-S to day, and are held firmly at lC5 SKIES of /.
Board; Five and half Per Gents advanced ]; F,es
s advance offs per cent. within thirty days &c \
Exchange is current at the following rates London
l03ta IG5i; France 5,45; Amsterdam 3s11a1-l lamtr
Aia3Il Bremen 75a75t; British Government b
u per cent. Money is so abundant here that ll'
business has been done in purchasing exchange t.
port specie, as the transaction will pay very well
Some persons estimate that five to eight millions Of
lars in specie will be received in this country within
next sixty or ninety days The Caledonia, it vii
remembered, brought over more than half million
specie. New York stocks are steadily advancing, !
the Six per cents sold to day par, which has uui |,
the case for long time"