Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-03-22
sunsrANCE oF THE REMARKS or
MR.. BONDURANT,
On the proposition submitted by him to the Senate
Go mo,lify the remedy for the recovery of debts.


land An their public meetings. had. with great nnsnniiy
called upon him his best the
sage of law which would give relief In the present
cunary embarrassment Of the country He telt himself IN
atroc,ed upon subeci those meetings had been held
they purofted without reference party lie had
reflection upon the subject and felt
ed that the proposition under consideration, whilst IL
b. not liable any cons tutiona objection, docs not impair
the obligations Of contracts, nevertheless efcientand
would give relief the debtor class without,
manner, cndangcrng the debt o the creditor In fact he
clearly Of the opinion that both debtor creditor would
be benefited.
He here inquired what the proposition-what it
proposed TO dot simply provides that hereafter oil
lions in the Superior Cour, should be made returnable
10 the term Of the court instead OF to rules provided
By law and that all sales of property under executions Is
suing from the Superior Court should be ON the hrs day OF
the term Aud in the county court that all sales oil proper
should take day OF the second quarterly
court after the levy OF the execution lis operation would
be thus: Judgment obtained Mt the spring term against
a. lie gives delivery bond for the forthcoming OF
the properly ON the first day OF the TAIL term the
bond day forfeited ii the property is not deli
vsred. A notice is then given to the parties, and
judgment taken the spring upon the
forfeited bond and the property taken under the second
ecnton sold at the next fall tenn-thus giving egh
months after the first Judgment before the sale OF the
property under the last final execution. And in the
county Court, giving the length OF ume eighteen
months after Judgment before the sale OF the property.
The effect the creditor would be that his debt would be
secured; the debtor being required TO give secury be-
he could avail himself of the delay lie enqued
this unreasonable When take into consideration
the extraordinary things existing which unpa-
rseled IN the history of county He remarked that
he very old man, that there many on the
floor Of the that his seniors but his recoec
ton extended back years and he had never known
pressure and distress intense existed at this tune IN
his section of the country. Property selling at mere
nominal price, passing the hands OF the debtor aud
leaving his debts unpaid his energies Frustrated, with
hing despair before him. He acknowledged that his
feelings warmly enlisted this subject lie knew
many individuals, valuable citizens who were pressed
down, who disposed themselves, cut OF all
opportunities curt-i her expenditures. and econot-e
the who would, thus proposition succeed
ID
themselves and their families They would by its opera
benefit of the crops OF the present and the next
year. He believed his honest those OF
any portion tins They ask 10 be
nb-oved from their debts. They for repudauon.
They would AL they ask i little time, that
they may. the OF their brows, bung market the
crops present and the year, and thus pay their
debts and their property and enable them thereby to
b. useful hereafter 10 themselves their families and society
Tins the boon sir, they ask yOr hands He would
bescech Senators reflect upon the condition Of our
county Property and produce OF every kind selling at
low pces The circulation Of Virginia alone cur
tailed the last twelve months S25OO 600, with
corresponding throughout the United States.
THIS Of things be commended alarming and rum
IN the extreme The people have contracted debts a.
'rsn We had redundant and an expanded currency.
Ty called upon pay those debts thus incurred,
whel the currency greatly ertaed They went into debt
When money cheap and property dear They now
called upon paw when reversed when pre-
perts cheap and money dear. In many three
iour negroes sold for purchased ie years
ago And yet he had been told b. grave Senators that
IT, people have been eXavagan-hai Tiers has been
sr,eCui1tlUn-thAt
Was the only remedy. Mr.. Il. remarked that he could
subscribe ttai sentiment, that be would ad-
NIT that there had been speculation and eGtrava-
Cunce, If gentlemen choose, bat c0ntsnded there
INT which produced IT, That lad
been brought upon the country BY the OF the po
casaad Tor which the people though the sufferers,
justly responsible: Thai they had been deluded and
miscd whilst the politicians who had time and op
P5uuy toinyesEste, and better enabled
and eject grauiy their ambition. had sacrificed their
country Can be forgotten that between the years 1850
and 81 the banking capital OF these Stes increased
some $500 900 ,0O0 That IN the same time there were
$40 banks chArered-that they were called upon by
the Government discount freely and accommodate the
country. He here referred the letter Of the Secretary Of
the Treasury the dePosite banks He remarked that the
Government possessed the power have checked the
panson OF the currency the failure TO do which, in
nexon with the injunction expand. he considered
be the Of all the mischief and distress which
peryades this land by law the deposlte banks
qaired 10 make weekly returns the Government those
returns exhibited the fact that rapid expansion going
on which Government could have checked ut any mo-
meat By requiring them reduce their circulation,
the penalty OF having the depostes removed other
bank THIS wholesome check the Government failed TO
exercise. notwithstanding each weekly the Sec
Rotary OF the Treasury discovered the alarming extent
which the expansion OF the circulating medium Of the
country tending. Ii wnked nay, encouraged
and invited by the Government Mr.. b. said them sir
am not in saying that il Government That il
u the politicians Of the county whom the blame Justly
attaches for all the suffering and mischief which has
happily been brought upon beloved and few years
pas prosperous country VIII Senators admit that
You give great and increased facilities Of getting nOney
inevitable consequences The fact clear, true,
that needed no illustration from him He state that he
could and would II II proper occasion, enlarge upon
this subject but he had wish espa-- upon the time
OF the Senaie-nO wish 10 invoke party spirit Our
mon country is suffering, and humanity a. well a.
P1tIousm demanded. and &c would appeal both Whrz
tnd Democrats, TO offer up party upon TIE atzE o. rer
county The evil IS upon Is cause Is needless,
a. tnis time, enquire Upon that subject there gHt
not Be unity Of opinion We ell agree that great
olstfei and Pceumary suffering LIT Us, II practicable.
p1Ise - II = the part u wisdom that should 90
thing . prevent greater Let not tI-u def esr
% toe wants Vi the people. Let Us not force item ~ not
responding 70 their cali yse iler long Cherished fee.
inss % respect Tor Virginia aud her laws. Sr could
greater ev nan Ems befa cJ1utry7 Tel ms not sad
M B. q be Eld already beer ~ Senator that We
nave ID eosui1'2na rg - eaange the remedy Of suits
a; Az make he rC-Jye-y u debt, ICES spoe y-
Whist % - e7ntsadsd mat presses power % expedite
- remedy Slcn proposition, ssen1sd him. earned
along vita . Its condemnsuoa On 10. face Can gen
temen Desyc tat such srg1r1e ~, with 80 many u-eee
denis on our Staiute Boss proving iai the Legislature
ha- oen heretofore, n q sd,efs.y inerferec 90
a. - give Fee will avail before oppressed and distress
ed Pcope-acung under the belief that the Government
and ;ae politicians u ID, country are more H. blame tan
tncmsevesl No, sir No, sr-neyer.
lie could not himself consent such O one-sled con
sirueton 81 consttuuons Jaw. lie had Tor long time be-
hcved tnai the Legislation 81 the county looked too much
u sdethc creditor side: and that the interest Of the
unfortunate debtor often lost sight o. The costb
regarded % onerous, which oil taxed debtor
when frequently the creditor blame than the
debtor for his Indebtedness.
Mr. y. said ~ his misfortune not 10 be constitution
la"yeE anu could bGt feel embarrassed
INTO controversy with lawyers By profession upon cOnsttu
uona questions. lie regarded the odds greatly against
him; bot he must be allowed enter his protest ogau,
such opinions and such conclusions which he did with
great Difference and respect Sir he renurs.d the Irs
lnuFe has time after tme acted upon toe subect-tme AZ
Ter ume have they changed the remedy ia proceed
lngs' making II, in times Of prosperity, speedy and
m times Of adversely ardy. lie had taken the trou
Die 10 look - the subject, and by reference would be
seen mat the Legislature had, various times from l7si
70 1910 passed enactments m relation % executions ~
1851 they passed act authorizing the debOrs under
cnuOns, 70 give wclvemOnhs' repevin bond which was
revived NJ different sessions, and continued in force until
lt96 NJ Which time u expired. In 1907 was again re-
vved and continued m force until 1910 ln the year
say-Lnw was passed, which remained until SIG
Inc act Of 1914 was amended in 1915 and '1G and con-
unucd: and with respect to the recovery OF debts due ON
Say bonds taken pursuant thereto, pcrpetuaed and pr
VISION was made torayng al executions, unless the Gre
uf would take the notes Of certain Banks in pavment-
and mode prnILdcd llr n.ccri,Lnnr thc dn.o...