Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-01-21

explanaton he gave Us yesterday Of that word "Repu
diaton." ! thought it was hanging matter-'t kept
me awake several nights, uneasy was about It. II
gentlemen will 60 out of this House, and go about town
the country, they will find that the people
can't pay their debts, and have to repudiae. cam
agree to these sinking funds; my people are SINKING
They can't pay the present taxes, and will MOI
90 TO increase their burthen, further than necessary
will 60 far to raise enough to pay the interest
and the debt now due, but no further. People in my
section can't pay so per cent, in advance upon their
property, like the constituents of the gentleman from
Shenandoah (Mr Williams) pledge you my honor
Mr. Speaker, that before left home, people told me 10
go to their hog pens and pick out two OF the'
money, and could not get any. The "snking fund
is no fun at all. If the gentleman from Albe,narle
will help TO pass q Stay Law, valuation
law, the people in my section Of country will freely
give their property for two thirds of its value TO the
sheriff, to pay their taxes; but then will require The
building of u very large house hold the "sinking
fund sent here from the West Iexpect all have seen
the prophecies that the world will TO an end
What will become of the sinking fund then? Unless
they will promise that the gentleman from FREDERICK
Mr. Byrd) and shall live TO that time, cannot
90 with him. but if can be assured that WILL then,
Think can promise to 60 with him. and that we will
take care of the sinking fund. [Roars of laughter
indeed, the good humor of Mr. Moore kept up continual
mcrriment
Mr. BYaD of F. contended that his amendment en-
MIR. VERY accepted the amendment of Mr.. BYRD Of
F., though he did not think it free from objection.
MIR. LEAKE of A. hoped, that 10 prevent doubt the
gentleman from Frederick would add to his amendme nj
the expressed pledge Of the public faith He thought all
the plans proposed here, nempated the thing:
the payment of The floating debt 6rst and then the
funded debt He, however, preferred the original
naked resolution.
MIR. TAYLOR thought the pledge of The faith of the
State should not be solemnly given-because in case
Rrc he a,,n 10 atafa Iady
Mr.. GALLAHER said the Committee should have re-
ported bill along with their Report in order give
all the grounds for action He opposed to the
increase Of taxes in this sinking fundbccause, after
while, he feared the taxes would be high, that
pudiaton would follow In Maryland, the income
tax had become odous. He was opposed to the amend
ment and 10 The resolution.
Mr.. CoorEs moved the previous question, which
was sustained.
Mr.. SMIrn Of n. called for The ayes and Noes
The amendment of Mr.. BYRD of +. was lost by the
vote Of ayes 80, noes sS.
MIR. YERBY renewed his amendment, (sce above)
The ayes and noes were called for.
Mr.. GooDsoE was opposed 10 laying oil the tax upon
the lundhoders and owners Of slaves, who might be
disposed TO resist the burthen. He should 60 against
the amendment.
Mr.. WEST was opposed to expressing the people
lie should go for the amendment.
MIR. YERBYs amendment lost by the vote oil
ayes AZ, nnrs IS.
Mr.. MooRE OF L. " w. made an unsuccessful mo
ton 10 adjourn.
Mr.. GARRETT was opposed TO funded debt, because
it must impose additional taxation his people. He
would go agunst this resolution in every shape. lie
would GO for The selling OF the Bank Stocks belonging
10 the Stale to pay oft the debt.
Mr. TAYLOR. Though the last blanket taken
from the poor man, still we called upon to provide
sacred deposte for The public creditors. He
nesty opposed TO pIedglng the State faith, which, in
case of war, might be broken He was opposed to
the argument of gentlemen that this sinking fund
would raise the credit of the Suite He zealousIy up
pealed in behalf of the mercantile interest and the
farmer, who were deeply embarrassed.
Mr.. BaowS Of P. thought the best way 10 pay large
debt to begin in time to prepare for its extinction
This ia the case with private individual who is EN-
barassed, md such should be the course with State
in adopting sinking fund. lie thought the property
holders of the country would not shrink from small
| increase Of taxation 10 meet our whole debt.
MIR. iEREY made an unsuccessful motion to adjourn
| Mr. MAsS called for the previous question.
Mr. MAss withdrew his call for the previous question
at the instance of MIR. Leake Of a, who was anxious
to give TO every gentleman The fullest opportunity Of
discussing this and important principle. Mr.
VERIFY having previously expressed great anxiety fol
| further discussion,
The House then adjourned, on motion OF Mr.. VERIFY