Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-01-03

The credit of our State and the pubic faith, should be
held prloa;e. 1t i gratifying 10 :now that among our
citizens uthout regard 10 party names, there Is put one
np.uon and ol= sentiment i.i:o SUBJECT However
much we MAY be divided iia Political questions iha.
artae i!ia coantry, ali rn!t: IN maintaining, with The
mos, scrupulous eXactness, lii: pgien Iai'n OF the
State. While Ne al! regard ouT STATE cTsdi. as an
object of the first Importance, cannot pe too careful
no; 20 impair by policy MEASURE VT may adopt
An increase OF ouT Stale de5l for new Objects wnulc
M, only add Tie prcseG: hudsns {" the people hui
a; the tn!e materially deess our state bonds-
B avoiding ali sources oex2enditute, and isusing
tic rig economy in:o every branch OF The pubic
SERVICE our credit ,g be canal 10 that OF any State
in the Ua,on Al present eur Stale bonds are selling
II price which cannot be accounted Tor "ilnont look
ing To exlraneous causes. They may be found in the
failure of many Of the States pay the interest on their
bonds while fear has baea excited that some OF the
States may Ieond.s.e their debs. THIS has had ten
dcncy to throw discredit on all State Stocks and the
good aud had have been conounded together But
this canno. long be the We have always promptly
paid the interest debt and fears are entertained
that will not be able to do 50 hereafter; and the
doctrine OF reputation has found TO advocate within
The limits Of our State. When iiss commenced our
system of Internal improvement, and became neces
borrow money to 1t OIL, Nc, al the same
,imc adopted te policy Of raising, annually, by taxa
lioa sufficient 10 pay pnnctually .i;r interest on
debt. This 10 the true ana seed rocy CT the STATE
and it has been owing 10 Ills a.i we have preserved
ocr credit and ne, sur engagements. /. has been
mainly OWING 10 The want oil slnilar policy, TIA,
Inc aon paying States have failed 10 pay tier inte
rest, which has mach shaken the public cnnGdt nee
unfortunately in al! State obligations. With our pre-
sent and randy increasing resources and the known
determination OF the citizens of tbc State to apply them
to the faithful fuGmcn Of all public engagements
have every to believe That the credit Of the
State VIII from its present depression, and
be duly appreciated both at hn:ne and abroad"
On The subject Of banks and currency, the Governor
adhcres the heretofore presented by hin, when
occupying the Executive chair. These views are
knur?n 10 be adverse to the establishment of State
hank any in.m aud favorable to The ra Of system
of local banks with an increased personal liability in
the siockholder, with efficient guards against inflated
issues, and with adequate securities 10 bill holders and
Tho community geaerally asanS. losses from suspension
and other abuses. The supervisory control Of bank
commissioners and the creation oil adequate safety
fund suggested aso among the safeguards which
experience has shown to be seln:ary.
Oa the jet Of the Tariff which occupies large
portion Of the inaugural, Governor Shannon takes
ground in favor OF "a Tariff for purposes, no
nas,ly adjusted will: that vlp, and furnishing inciden
tai protection 10 our manufacturers. Hiss reasoning
"a ih. point, clear and cogen!, exhibiting al
~ intimate knowledge cf The operation OF the system,
heretofore il vorue, and enlarged views OF The Subject
ca the subject OF he late disruption q; the Legislature
by the concerted resignation Of the Wing members,
Gov Shannon has these remarks
sTor the first time in the HISTORY Of our STATE, we
called upon 10 witness al the extra sessiGa ri Tie
Legislature, in july last successful attempt, on the
part OF The minority, To conir" and parayze tho will OF
The ma jority. 81 the concerted and simultaneous
resignation cf.hirteen Senator'S and twenlyeght mem
ber5 Of The House o. Representatives., the will OF the
majority was arrested, the Legislative branch of the
Government broken mp and dissolved, and an ap
peal made Ly the minority 10 the people 10 sustain this
Assault or hciT Government. Had this been done b.
bnGy OF men, entering these halls and cxpcn:
!lr ne MIXERS lin lie Ia ami sword il would have
heen Denounced by all as revolutionary, not because the
hayoue. and sword had hseG used is Instruments To
accomplish the end, hn; because II would have annih
laed and destroyed tie most impor,ar. branch oil The
Government. II the same end is accomplished, not by
armed citizens, by members of The very body sought
10 he destroyed by some less violent means, il is moi
tie lrss revolutionary 1t may be said tina, the
bers Of the General Assembly have right TO resign
TINS is qualified right, and nuo be exercised in good
faith and for usiii;able purpose, and not with view
Of prosrang the Constitution and -ubserng arrest
ing for the time being the very Government they
sworn 10 support. "-3ihany .2rgus
lLLIso:s. The message Of the Democratic Govern