Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-03


into their eocu. There be no question of IT, vii
create an unprecedented amount Of hngauoanay the vet,
agitation OF the question, aud the apprehension
counties Of its passacc have already had this effect poo
OF which might safely appeal to the gentleman from Buck
ingham himself, who has ably argued support OF the
measure.
What will be it, effect upon our credit abroad The
creditor States looking with anxiety the result OF
acton-and ftorccners have ceased ,oook with anxiety
ony because they have length disparcd nIusty
hope the event VIII poVe) of seeing the faith Of of
States preserved Ask the merchant OF Baltimore whom
he sells his goods at the lowest lie will tell YOU that
he sells cheaper to y. Carolina than Virginia and cheaper
to Virginia than Ia the merchant OF his State. And
why because by the simple and ready legal process
of N Carolina he realize his than in Viz
gina. where we have forthcoming bonds OF three months
and than in Maryland where they have super
IDEAS bonds Of twelve months Who pays tins increased pro.
nj TO the northern merchant Do merchants pay
It Of course Mott. upon the consumer And it will
fall IN an aggravated degree IT unwisely ~ up tramel
the established process OF can add nothing
what was ~ well said by the member um Halifax its
ruinous effects upon the wholesale merchant Of cities
and the inland oWns-and upon the citizens all the border
counties having large dealings with the adjacent States
He demonstrated, thought with the very force of
SELF that gives To the foreign creditor under double sys
temot State and Federal Judiciary preference aud priority
fatal home ruerchSntor speak accurately
it works this result by its inability reach the foreign cred
tc who is hus left armed with all the power Of the federal
courts whiisiu srrs our merchant home creditor
all Poworot reaching has debtor in
And Unlike with the Banks another and ast sus
pension would be forced upon them which when il comes
II come must, will fear be but the signal for the
OF pubic and private interests its downfall would
along with into ndstngushabe ruin not now 10
contemplate. Nor shall diate upon the field that
would be opened by this bill the operations Of the usurcr
and shaver in these stay bonds The monied who
could afford 10 lie out OF his capital three years.
would buy them sacrifice runOus IN. holder who
must have money for his present sacrifice.
But let US contemplate calmly it can, the that
would be presented the end of the year. Every thing
has been put into suit Payments have gone in the
regular old-ashoncd way for the channels Of payment
have been damned up by this legal cog all debts old and
new with their interest and heavy load Of have
nluaied III the form of bonds which the end the
jrercOIfh h9iydGg have the force udgments-and all
this pent up flood breaks loose and the
land. Who what stand before III Sir the original
debtor not only overwhelmed but his innocent and
conding security Is swept along with him into remedies
ruin-and this up the catalogue Of mschiefs with
which the measure IS traught
But told the people demand it, and we hoir SER
obey. Sir, deny the fact, and take issue with
gentlemen upon il. The people as solemuly believe &c.
mand, expect, wish for such legislation as
this. They that it i vain look for relief any such
specific thiS-tiey know but well that it false
Elusive hope, phantom that h1ds the word of promise
10 the but breaks 10 the sense" How the
beginning oi the session, when came fresh from the
people, there demand for such legislation, the
contrary does not member know, that had then
come 10 direct this bill would have been thrown
by majority.
But if they did demand it, they do not. and We in
our coEsienc6s believed they mistaken, and misled
by the camors OF designing demsgogues and only wanted
light and truth upon the subject what would be dutyl
Acting under all the solemn Of our position here
what should DO Consult self, iOrCeuul OF coun.
try, her honour and her highest Sir this that
marks great JIle-as worthy the name OF men
sycoPhants that when the petty ranstory inter.
ess OF sell placed opposition the lasting
OF country they have time nor heart nor soul TO think
OF any thing but that counjry's veal.
Finally SIR this Is in which every man has
personal stake in point o character regulations for
as the character Of each individual goes make up the
aggregate character OF State, the reputation of the
Commonwealth is reflected back upon the citizen. And
there u no iruer axiom OF political morals than that the
public dishonor every citizens private shames truth of
which every homes; MssiSsppan has felt the painful cxpe-
I uencs.
trust, Mr. Speaker, in scuonupoa this grave sub
leci NAV becomes nsensibe 10 the mo.
menous interests confded keeping-inerCets not
of day hour but destined their results 10 affect
posteJ.iy. that shall BE- unmindful OF the
ancient rynown of tins Commonwealth. much vaunted
on all sides OF this Hal. trust shall not forget nor
ever Cease 10 remember that belong a and are
sprung from stock OF whom II has always been held
characteristic, that they dsjt paying people So
that wnen We come record upon tins and all
such questions shall all mankind our settled
purpose preserve nyIoate only the public credit but
private faith between and That dscaring the
shutting and 'smpoTziHg evpedents Of the day. Of which
these disonted times prolific. Virginia will know no
policy but honesty the best OF all policy. Thus shall she
show 20 the world at let Others do they NAV she will
hold hcrveUisuOT Of her waylc her -r
as they may, spot shall tarnish her cscuchon Thus
snail she preserve unsuod her fame and the very
name OF RepuLcanism from becoming "a by-Vord and
rpoach among the nations. Let her thus and every
true 81 hers upon whatever distant shores lis fortunes
may cast him, may hold up his head becomes man.
and with than Roman pride Of country claim 1t a.
his highest bi'thrisht tosay ~, TOO Tirsinian."