Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-01
TUESDAY, Jan. 81.


Tine bill prevent the sacrifice Of property under forced
sales with the substitute Of Mr. Brown Of Preston came up
the special order
Mr.. DANIEL, Of Y. e. move the indefinite post.
ponement Of bill and substitute. Mr. D!s constituents we
unanimous against any stay law. lie not unmoyed by
the dstreses Of the people IIe would not inquire into the
causes Of those desses. Ii enough for every patriot
devote himself 10 the Of mitigating those dsosses
The fact that proposition for stay aw seriously
ridsred IN the Legislature Of Virginia him most NOR
tiying IL tended a stigma upon the glorious e.
cutcheOn Of this proud old Commonwealth. Mr. ID. pro.
eeoded 70 argue that stay law would be niatoy sep
60 repudation lH friends might repudioo any idea
Of the s0rbui the tendency Of II would b. u bng about
that result Mr.. ID. referred the beneficial operation Of
she stay law in 1914 He ascbed those beneficial effects
the peace which iuowe dand the high prices Of a oe
ces Of produce, which Immediately snsued The present
condition Of the country entirely different There us
no probability that the pce Of produce would rise in any
IN 1916
The argument that property now selling NJ very re-
daeed prices had force. When would il be higher
u sales are stopped for twelve months and the anoun,
Of properly accumulated and then forced into market
still farther depression be- the result Mr.. D. 3D.
AcHed 70 me elects upon the mercantile community
Their debts being due % citizens without the State
would be rued upon the Federal Courts and they being
unable 70 collect their domestic debts would be pr,stra
ted. Neither debtors creditors would be beye6t.
by such law. The lawyers and sherihs snd clerk.
aione would receive any benefit Suits would be in
cressed. Tie knew persons, who would forthwith bring
suits who had no Intention Of suing II no sisy Law is
passed. MI d. exhorted gentlemen consider well the
effects q this law upon the character Of the Sate and
the prosperity q s people before they gave to their
tionbtforo hey intersred with the obligations Of con
tracts, end arrested he ordinary course q Justice
Mr. EpNUSns. Of IT,, desired Mr.. Tavonners amend
ent should be before the Hodse before the motion 4,
p1stponemenL a. his instance Mr.. Daniel withdrew h
motion, until that amendment introduced.
NJ. TkvFNsEN offered his amendment.
NJ. EssUSns then renewed the motion Tor indehniu
posPouement IN this aspeet II the question, the oppo
nsus q the Say Law would sbour under disadysntag
but of he wiling submit that disadyantsge
W. wished 70 meet the whole subject At once, snd to know
whether he Nifenia Legislature prepared any shsp
~ form, 20 touch the vested nights Of cfedos end stay th
courss q justice. lie referred former Legislation
h ehssc'ef and commanded that the circumstances, undo
which AZ former Stay Laws passed were totally d
iersnt from what esst 81 present Thsn
Ssf pfevshed-aow We have had IS years Of peace.
stef sachs period " peacc temporary enbsrrssuen
We rs.t - STAY Of eSseutonto the suesioft the
~ nsiire, u would establish precedent which could No
D. strongly rcpfobsied. This biz hrsi objection
ne measure. Hs second objection unequal and on
- oPsrston. One portion Of citizens would not
fsltleed ~ uaa AZ, Al who owed debts beyond the limit
q he esa,e. would be sued 10 the Federal courts. Thi
would b. 70 gfve forrign credtor preference over d,