Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-01-12
RELIEF LAws-Gor. Gr,rorv.


RELIEF LAwS-Gor. Gregory.
The Baltimore American, in reference the operation Of
Relief Laws, says
"n the present crisis OF affairs laws called for
deeeiuu ,reaeherous mockory relief all that they az
ford they promise respite the time being many
clnmorous for them Gov. Gregory, Of Virginia. took
proper view Of these deasve laws lie diSsuadcd the e
gSaure iron adopting such the ground that all debts
stayed by the awswoud be interest that when the pc
nod of respite over the unlucky debtor would find that
he had gained nothing bat of his Indebtedness
more comprehensive view Of the subject however would
dwell prominently the danger IT ampcrng with indiy-
dual integrity which these laws do by inducing careesne
ON the part ut persons acknowledging obligations and mean
fulfil them, who find the legislation Of the
in between them aud their and releasing them
from responsibilities the justice Of which they did qucs-
ton. debt stayed by law, might next be regarded
debt that need not be paid and might be argued that
the authority which violated private rights defer the
payment, might le further, and dispense with the
payment altogether
The moral policy OF Relief Laws has long BEEN and
probably always will be- question which mankind will
solve the way the other. the party pas
sons or movements Of the day may dictate.
1t absurd pronounce them incompatible with ,ho
laws OF abstract morality. What wiser, better and
prosperous have DONE and done without
and with signal benefit adegen.
which has sse and applnudcd the demora-
ling action of this Government since 1880 condemn
Gov Gresory's that the debtor should have
lief because he had better be ruined and sold
than to pay per oent. interest, presume mbbed
somewhere abOu; Williamsburg Now, say, if
ruined or, about be ruined. years respite during
which he have the happiness of seeing his wife
foab lodged the last feather bed and his children hap
pv and joyous around hi upon the primitive and glorious
diet OF milk, IT be the milk of his LAST cow--we
say this IL somsfking-i, IS a GREAT DEAL.
We question much. there any mode Of testing
the relative felicity of the classes OF this world
whether the poor debtor with his year Of repevs before
him, and his happy and unconscious children Ground him.
.l1 a..
than the USURER and the blood many years
successful speculation upon his feow-men Ii werc in our
humble conception enough OF itself to determine legsa
i've action, that there chance hope of giving one
year OF happiness more 10 the unfortunate
But twill not respite the debtor because he
will have pay per for the indulgence and that he
can'i afford 10 pay! So saws Gov. Gregory.
But suppose that m the year Of respite affairs take
chunge-tnat the debtors crops good and command
good pricos-hat the property which il sold ao,r would
not command fifth Of It's value, will then command fair
price and relieve him from rin All this impossible
nor mp-obablel
Ii such change in the and there be- no re-
lief law, the change will in vain to the debtor Al
ready sot appalling sacrifice which, while il has
made him pauper has gone enrich farther those who
already rich, he will be thrown upon the cold
charity OF the world, the mercy of relations or Flooding
his weary with sick wife and ragged children To find
4 resting spot in the far West.
If this be prevented, by possibility and in few
cases. should it not be-
But suppose change in the present miserable
condition Of the country, and hat the impending ruin sls
pended for year by the kindly sympathy and paerna
feelings OF the Legislature is yet doomed descend at
last What then l. tie creditor worse OH with his nc
crIed six per per annum2 l. the DEBTOR worse or
who destined ruin ia amy event. has saved year from
misery
These arguments which, a, the present moment,
might be strongly urged in favor Of relief laws.
Proposition Surrender c Charter Of the STATE Bank
Of North Carolina.
The decisive movement OF the Stockholders Of the State
Bank OF North Carolina. adopted doubt at the sugges
ton OF the distinguished hnnncisr the head that Inf
iuton-Judge Cameron-has thrown the Loco Focos of the
Legislature into species OF trance They know how
According exactly with their Dcmagoyuc pro-
ic,zions OF putting down all Banks they afraid openly
reject and Leading they foresee may, increased
embarrassment and disaster by still farther diminishing
circulating medium, they still afraid accept it
They therefore trying shuttle themselves Of the
difficulty We hope the Wings will hold them 10 their own
/ issue "Bank Bank"
! The Raleigh Register Of Tuesday says:
BANK RESOLUTIONS.
Aitor sitting late hour, Saturday, the House OF
Commons adopted, b. majority OF four only three
Wings being ab-eni) the Resolutions introduced by Mr.
Jones of Orange and published in last a. the reader
doubtless perceived reading them, they do not ALL
the rendered by the Si1c khudcrs, hut are an
eyssiye quibbic the part # the majority Of the House.
What proves, inconestaby that the locos do not mean
what their Resolutions would Imply, il, that por
their passage they had the opportunity youg twice
the precise rendered by the Bank and they dared
not IT, Mr.. Francis moved that His Excelency the
Governor bc requested reply tHte Resolution of the
StOCkHOder that the pleasure Of the Legislature
that they should wind up the business Of thc Bank az
tins ums Did the Loco Focos for IT. No-hey
wer, afraid TO do 50! Mr. Boungcr then moved the
affirmative oi the proposition, viz that the Repre-
sentltyes Of the State instructed propose the
individual Stockholders the surrender their Charter
Did the Locus vote for this No-nof than about
dozen had the stand up rack. They went
agsust II, body. though protesting doubt the good
faith Of the Banks proposition. Why did they notbody
responsibility and the Instructions II they
really desire that the Bank should its opeTotions7
They desire no sach thing they have ondcavorcd by
pdltrg guiJbc escape from the dilemma which they
placed and trembling in their shoes, lest the
Bank should proceed By itself wind mp oiiairs with
out 90 much saying-"By your leave, good masters"
The Resolutions before the Senate. IL - said
they will not pass that body. We shall