Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-02-14

please, the latter. In reply, asn, 10 ho' 80"
essential element of every contact Is II not con'
trolling consideration every sale OF property; "he
ther i; be sold for cash, or upon time. SEE ~
nv horse, and yen contract 70 pay 'ae =" -,
months before tie lapse Of that t'ne, 'he LFg 30
,n-e ;riernase and cay, no, lie snail not pay 80
,,e;re ,no.tAs And, If they postpone 1t ior one
year thfv NAV for years, or hundred years
- 80 rr,inc,p.e is the sanc-aEd thus, though you
arc bu, acting upon The esat remedy you are IN Ell
feet, not merely tmPeiri"g, but destroying lhe ieg.
ohl,,,ion b; DESTROYING is y:,llity-cnd, Though lhe
,oyg Obligation renu,ns full force rs at hrs', YET,
g therc no. lei any sriniia jurts to give eihcehcy
10 IN. contract Mir. Frazier referred 10 o'ief sup
,osabIe cases of leesaiion affecting merely e3!sshg
remedies, which would be PLAINLY .'i
gn, Chief Justice Marshall, himself, IN taking TINS
d;.,;nc,,oo in the well known case OF OgdcH ana
Saunders clearly indicated the ssi, whereby any We
rslaiiye change OF the legal remedy IS IN he judged
Eyery State, lie SAID, has wnhln her controi the mo
dc,,;oo s her legal remedies but is for the rght-
G,I lsri,i,,.ie purpose of extending and improving
The administration OF justice, by Improving her pro-
cees or other remedies, not to cripple justice, by e.
f.cin,ijv epsiat,ng away existing remedies The
matte IS the proposed change, therefore, becomes
n. lost Of ~ constiuioua;y Is II designed, Joaa
mr. to enlarge and rerec, the general administration
cf ip.ce Then, il is constitutional Is II, CT the
other hand intended to postpone, aud, so far forth, de-
Gau contracts TO impair, annul them, by impair
ing weakening, or annuliing the remedies, e1shs At
the time of The contract? Then, it is in violation,
both Of the spirit and the letter Of the Constitution
end the check upon such Legislative entertainments,
is TO be found in the solemn sanctions and official re-
sponsibiliiles, under which its members act Dir, ior
what was Government itself established, but 10 pro-
tori the weak against the strong the honest and the
lust; against the awess and the unJus. In the dis
,-oution OF lis power yeu assign |" Tue JUDICIARY t'e
protection Of the rights of person AID p1opetiy-and,
u this end YOU II w,l!i The power oil enforcing
contracts Bu. oil what avail is II, ii co ordinate
branch the Legislature, may step in brtwcen the court
and the cit,xrn and impair, annu hrs rights, by IN
pairing nnnulling his remedies 1t Is not less at "ar
With tue very genus ct Tree institutions Than with Tie
spirit Of The Constitution itself
gid. The erPeGieney Of the proposed measure. Did
permit, world ne most profitable 10 investigate,
fully, the causes OF our present difficulties bnt ms
could not be done without reference to grave po'ca
questions and "reminiscences; and fearful OF introcnc
mo into this debate any thing having the least political
or party bias, alr r. would content himself with
mere allasion the fact nf the vast increase 81 5aE
nI capital and circulation !Tom $50 10 30, without
t.gcing that FAC: back 10 is cause ca operating wish
ls snnlus was the great rise, about the same period.
II tie price of our staple export, cation which. Of
course elevated all prices 10 the MAXIMUM. thIs
arnn2ht sort of national mania and rage Tor spc
cl,atoa and making haste 10 be rich. We were
family embarked in second .Mss;ssppl scheme, or
another " South bubble" But oil bubbles vii!
burst, and SO cid that oil Ic30-no harmessly Ike
the sportive bubbles Of childhood, but furiousy as
tempest ora mountan cloud, pouring is angry con.
tents upon the heads of devoted people dstin
city, speaking, public occasion, Of these scenes,
had remarked, that we were ell intoxicated then, bn.
c0ld ,ccfer the order OF the day, we were
getting sober. Yes, Sir, if You will but let the people
alone, they VIII drink cold water and get sober. ST.
they gotten sober already, and with vengeance
but Tor Heaven sake, do fill their brain with
The pa Of legslang them out o! debt. Convert
mol THIS legislative hail INTO vast laboratory for the
connection OF any such exh'a!hting Gasan exhaation
il will Prove maddening than the intoxicating bowl
Resort not, on:reat y0u TO a3y such fatal empFlclsm
as this seek thus wildly TO emulate the old alchy
miss, vany hope 10 convert, not the baser metals
merely, but unsubstan.lal paper, into gold. No. 10,
the people understand this thing far heter and 1t let
alone will bring all things right. Extravaganza,
remarked oy the member from Halifax, an oil per
vang extravaganza, unknown to our foreiaibers, and
Incompatible with The simplicity Of republican manners
and Institutions, had been the baneui evil but mnst
add that before the history Of The world have
people applied the true corrccves Of industry and
I rigtd cc0Hong wit:: unspaFing hand self
dcvotrr spirit than this people applying them
to their eternal honor be- il spoken
Mr. I. went into examination Of The details of
Tie hl!l--sho~fd that II IN effect nothing but
Say law, encountered with heavy and expensive
machinery Of valuation or apprasement-thot there
could be dny sales of property long the Law
Itself stood rs bybdder, AZ tw o.thirds value, &c,
that The whole system must result al last in simple
stay Of execution but with greatly increased burthens
and 10 the debtor. lie pointed the motives and
inducements presented 10 creditors for increased t
galion, because, LIST. the ultimate collection of their
money is postponed. and Cd. they will seek 10 avail
themselves .! the security required OF debtors He
adgertPd 10 the Glsparaglng illusions sometimes made
on THIS iloor and elsewhere against the lawyers That
truly honorable profession needed no defence at his
hands; The character OF the illUs;,cus who have
all ages adorned lis rGnks-their known devotion
the of civ liberty where and 10 the highest
interests 81 mankind acsc its beet defence. But
their acton here THIS measure, and the sentine hts
OF the profession throughout the State against any
s0ch scheme, ougb; 1ie:or 10 silence oil impu alton
Of sordId motives. SIR, pass this Stay law, and you
put rnoEeY into the pockets 81! the iawyers-you pour
wealth into their Golfers There be question Of
it. IL Will create an unprecedented amount OF litiga
ion-nay the very agitation Of the question and the
apprehension, IN countess OF It's passage have al
ready he'd lis effect, proof Of which might safely
appeal 10 the gentleman from buckingham himself
IS no has ably argued IN support If the measure.
What viii be lie effect upon credit abroad; The
creditor STATES looking with anxiety To the result
Of act,oa-nnd il t,fcgncts have ceased 10 look
with anxiety, II is only because l."y have ct length
desparcd (unus;!y hope tie event will prpve) oF
seeing The faith o any of States preserved. Ask
Tie merchant OF BalttInotc whom te sells his goods
1t the loves, Taea lie Will tell you that he sells
chs pcr 10 North Carolina than 10 Virginia, and cheaper
to Virginia than TO The merchants ot his State
Aud why:-Because b. the sim pie and ready legal
process OF N. Carolina he realize his money
than in Virginia, where have forthcoming bonds Of
three monthsand yet sooner than IN ryland, where
they have super cedcas bonds Of twelve months Who
pays this increased profit 10 the Northern merchant;
Do our own merchants pay IT, OF course MOTT falls
upon the And IL will fall in nGgrar a,cd
degree # you unwisey tie Up ar tramc! the established
process OF your conrs. can add nath,rg to what
$, well said by the member from Halifax 10 its
runuus effects upoJ the wholesale me chant of
.es nad the inaod lowns-and upon the cz9ns in all
the border counties having large dealings w,,h the
no laocni States. lie demonstrated, thought with the
very force OF trnth itself tha 1t 10 The foreign
CREDITOR under double system Of Sale and Federal
Judiciary, pref renee and priority fatal our home
merchoni--oT, c speak more accurately, it WORKS this
result 10y is inability 10 reach the foreign credltcr who
is thus ls araied with al The power Of the Fedora
courts whilst it strips our own inerchan. home Gre
di.or Of all power of reaching his debtor in
! And in like manner with The Banks another and
! last suspension nonld be forced upon them, Which,
when II GENES, If coae 1t must, will fear he !ui
the signal for the violent overthrow Of the entire
banking system. How Euch Of pnhljc aud private
interests It's downfall would carry aluur with II in,o
indstIngaishabe ruin, care not 20 conlctay plate