Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-11
Prom the 4. State. Gazette.

Capitalists on the other side OF the water have been
guilty great injustice towards Col Robinson, the
for the negotiation of the National Loan in chang
ing him with having made the President unounded
relative their feelings and intent. thereby causing
the President his message give them grave rebuke
Now Whist are the facts in the case Col. Robinson
simply stated the fact that the expectation OF inducing the
National Government TO assume State debts, dsncned
capitalists from taking the loan offered that with
the hope Of securing this that the loan taken and
from real disist of the safety Of the National Loan
And further that he felt that the National Loan
would eagerly be taken, all hope exnguish.
ed OF the adoption by the National Government OF State
loans
This statement is attacked in letter OF Mr.. Peabody
and through the New York American.
Mr.. Peabody, after somewhat himsy argument, admits
the fact he dis rebs for he tho capitalists
induced to hope for this adoption by the encouragement
held by OF the highest officers of government"
The New York American prouounces " this statement
OF Mr.. Robinson To be rhoity unfounded."
The following letter addressed 10 Col. Robinson will
show whether this idea OF assumption" unounded
not.
LONDON, October 3 lsl2
DEAR SrR-Itgives us pleasure address few lines
to you the subject of our late conversation.
We greatly regrc, that YOU should return TO America
frustrated by which the capitalists OF this
Try and Europe generally have control.
But persuaded you will return with impression
that feeling prevails but that Of the greatest cordially;
and would give and Others much pleasure, If it
in power to carry your wishes into effect
The obstacle, you aware, IN the shake which
have given confidence in the
of America and feeling interest in Its restora
uon hope may be thought prcsumng in submit
ting consideration and through yourself the Gen.
erSl Government that steps could accomplish this
efecuay than the withdrawal OF the bonds which have
been unhappy repudided by of the States and by
assisting Others who really need IT their Just
gagements.
1t fall within province allude to sug-
gestion which has been elsewhere made That the Fede.
raj Government should inscrbe sufficient OF three
per stock would satisfy the interest of the several
States in the public lands distributing each according to
their proportion rcservng itself the option pay
those States which have bonds their bonds
give holders of such bonds the option of surrender
ing them the Federal Government in exchange for their
three per stock And beg remark upon that
have doubt would be accepted here honoa-
bic and welcome settlement.
II such design thought too extensive, might
the Federal Government three percent stock the
required, of the Mississippi Michigan, Arkansas.
Illinois, and Indiana bonds and other that help
taking sounter security from them
The required would be small but it would
pish the greatest good America generay-to the States
which would thus their debt from five three per
and to the bond-holders.
One OF the last OF our Legislature do the
thing for Canada by assisting with credit enable them
10 reduce their interest from hve 10 four per
We shall hal. with great pleasure any that
may be made by America her the high posi-
ton she has enjoyed for many the confidence OF
the world.
We subscribe ourselves, with much respect,
Dear sr, your sincere friends,
OVEREND GURNEY 4 Co.