Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-01-16


since the various reaons in favor o STAY Lar had
been referred repercd bill, with the al ep,andam
title OF "A bill to prevent the sacrifice of property at
forced sales" II merely read by lis title. and sent
to the hands Of the printer. As as procure
copy OF it. viii furnish you with outline oil its
provisions. Whether II pass, its present. or any
other form, cann, hazard conjecture though IL has
nnucstonaby gained strength with the progress OF thu
session. For my own part. believe that such mea-
sure would be merely presen, palliative. with the ea-
pIratlon ot which the disease IL is intended To remedy
would recur with still greater violence and
''in the suck ~ believe the shores, path out OF II
will prove to be, in the long run, the best. for all parties
debtors well creditors. Ii there were any
son To believe that, at the expiration of two or three
years, money would be more abundant than il is now,
there would hc Justify n resort 10 ten,
porariy remedial measure. But there cannot be any
well grounded hope of su III change; hence nay opn
ion is. that though by the adoption Of such BILL present
reliefmgh IL would result AT the expiration
the period iowhch tmay be limited ina pressure much
greater than that which is nav experienced We are
in process ottranson from an inflated paper circula
ton TO the golden age' Of hard money! and we must
suffer the predicted Inconvenience OF the change Far
better is it, for those who in debt TO sell their pro
pcry. great the sacrifice may seem. in this transton
state than To wait until shall have passed through it,
and reach the specie standard Tor low prices are
now. they will b. still lower then
bill To provide for the payment the January inter
est the bonds If the James River and Kanawha Com
pany. guaranteed by the State day ordered To bo
engrosscd for its third reading, by unanimous
by the last Washington papers, learn tina, ON Mon
| day last the # way cl t,
the House OF Representatives resolution unanimously
declaring that the EXcheluer scheme of the Admnisra-
ton ought not to be adopted The minority of,he
mttcc. however. not content with this negative propa
s,on reported resolution declaring in substance that
the Sub Treasury bill ough, 10 be enacted. An AMI
mated debate aros.-M,ssrs Cnsln. and Wise assert
ing that the committee. in resolving that the EXchequer
ought not 10 be adopted, had performed but hal
its duty -and conlendng that they ought TO have
ported plan of finance which would take the public
money out Of the hands Of the President, WHERE since
the repeal Of the Sub Treasury il had been To this
it was well replied by Mr.. Fillmore, (hc chairman. ant
MIR. Granger that the committee had plan To propose
which could by possibility meet with the President
sanction. and they did not intend by Reporting one which
they knew he would not approve. 10 be charged again
as hey had been heretofore, with inviting exercise u
they c,o power. Mr. rurnry. l.ocof,co from Tennes
see, took OCCASION in the OF the debate.
press his cntirc of confidence In Mr. Tyler aud h'
referred his approval, at the extra session. of the bill
repeating the Sub Treasury. when he knew that b
for the establishment Of National Bank must necessa
ry be presented as the alternative strong presump
tive proof that Mr.. Tyler had not then made up hi
mind to exert the constitutional fact' in hostili
ty to the measures of the party that placed him IL
power. Mir Marshall of ky. also addressed the House
avowing his unatcrable hostility to the Excheque. and
expressing his establishment that Daniel Webster, from
whom he had learned 10 believe that National Banl
essential to the national prosperity, should now ad
the former and declare the latter to be ian obso
lelc idea" The debate still in progress. MIR
Bolts to have Introduced his articles Of impeach
mcn against the President yesterday.