Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-14
RICHARD w. BARTON.
To The Editor Of The IV1ie;

made communication, which published in the
Wing OF the 9Th ult the signature Of A WhiF,"
giving an extract Of letter from correspondent, with
some suggestions OF my in regard TO the necessity Of
the Legislature enactng law for the relief of the debtor
portion Of the people. In the from my correspon.
dents letter. stating the condition OF Buckingham and the
condition OF his county, and the situation Of the county
IN which reside rs he had understood the picture regret
to say, too accurately drawn Since then, publ.
cation in the Wing Of 18th January, has come under
my notice, giving synopsis OF Mr. Leigh's notes,
the Teysal Of the laws Of 1919, showing the course of
legislation IN regard repeyin and stay laws from the
years l74S down 1917. have been particular in
making the calculation, but from cursory glance it
would that there had existed in Virginia. during
the above period, from l74s 1917 relief law Of
various import, nearly the half Of that time; and if
not mistaken, the stay law Of 1914 il had been re-
vised, revived the session Of 1873 in conse
qnence Of the suspension OF the Banks have very nn
turay, from the foregoing review, the conclu
zion, that the legislative acts interposing be-
tween debtor and creditor, and acquesced in for
long period. settles concusvey the constiuonaity of
such laws. ! regret exceedingly las feel great and
abiding interest the subJec observe in the Whig
Of the Ord instant in the proceedings Of the Legislature
on the subject Of stay law, that the bill rejected
by vote Of y TO 50, being majority Of IL against Its
passage. Now, | consider this to be a very small ma.
Jority, subject Of such vital importance the com.
munty, and j am inclined to believe, that those who
voted In the affirmative, represented majority Of the
people Of the State; bit cOncedng for the sake of ar
gument, that the reflects the sentiments of ma
oty Of the people; and be true and admitting that
the counties which the y in the negative represent
condition. clear Of debt, and
require any relief at the hands Of the legislature and
thai the counties, which the So the affirmative re-
present, heavily in debt and that have been al
most unfortunately ordered which have good To
believe Is pretty much the cuscdoes there exist the
most cogent aud inconcstbe for the passage of
Say-Lawl Such law operate Il the injury Of the
former countless but the other hand, their people should
take pleasure through their representatives, IN giving eg
atve relief their oppressed eow.citizcns OF the udr
ed counties II only fourth Of the counties Of to State
are heavily in debt The proof Of which ie.torIy
established, II should be considered sufficient cause for L.
gsauve inerpOsiiiOn. What! 10 look Of with perfect
compOsure and uncOncen the sacrifice and destruction
VI fortune without effort 10 afford esi by the coust
tnted authorities Of the State AZ for instance the county
Of Buckingham, which has already drank of tb, Gun M
bitterness, and is destined exhaust IT, to the drcrs; and
several other counties, under the OF the writer
whose condition is pretty much Of the same characcr-
Inc arguments and reasoning Of the opponents Of sy.
Law are OF the character which have been used m
oppoHuon 20 the passage Of every law the sort which
has heretofore been enacted Virginia and yet the prc
cal result has, n every instance been productive OF
liable benefit That the credit Of the State both pubic and
private, will be depressed u the eyes Of the other states Of
the umon' and "a the estimation Of oil Euype-is all fsla
Cyl such law does not abrogsts impair contracts be
tween individuals, does have the effect 10 epi,,
The public debt Of the State ts object 10 give 10 the un
tortunsto Debtor time resp produce yf hs st, |
. dispose Of his property 10 the best advantage ~
b. being forced under che hammer Many Of The deb
am ven awure arc without the pale Of redemption; but
ono q the great benefits 10 be derived from such law 49,
that viii have the effect prevent overwhelming mass
II properly, 90 many q the counties from being forced m
che market ater the ncxttems Of the spring and fan sl
pcror Courts large nsmbcr Of debtors who will be-
cd under Judgments will be under The necessity Of submit
ung % sale Of their property under the provisions Of sue
law, who will not have IN their power give tIe re-
qurot security which, in amount, will be amply sucsn
i me demand as now think that the facilities Of RAISING
money will not be much ncrcasedi sHJ another point
.e" OF those who clear Of debt, viii, IN the course
we cscn and thc next year, BE- n the receipt q bc pro
eeeas 81 their crops and other resource thereby ncras
ng ws number Il purchasers Of property and consequsn No.
W having tendency % prevent sacrifices and n another
P'n" view very great advantages will resulfiha credi
ois anu aobis in many instances the Interim between
judgement and ths falling due the STAY honda will he cns
DIED 20 nogotiae and hnaly scs the debts without pub
PC sac ~ properly in virtue a such bonds thousa %,
ways and contingencies will be presented ths cannot nos
corrosive viii be the means u settling mulnides on dsb,s
hence nlay possibly result the communi,v 4,
che passage Of Stay Law but the Creates good NAV i
she result
am very willing 70 confess, that the Legislature At al
nmes, and under al Circumstance, should maturey an
carefully cok into the subject, before lakes any step