Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-06


the Banks issue and dollar notes. and shield then
against the Brokers'
Authorize them to issue 20 per cent Of such notes. MOI
less upon the capital of each Bank in the Commonwealth
and above present limitations and rstrcnon redeem
able like other nots, only where issued; and thing
will 20 like elockwork at once. None of your 4 OF
per cent Ssues; The dose t,o small for the maady-
In low typhHs you A,ninser your mint julep by
spoonIus aud BY drops. Noa not likely to eStn-
ploy the powerful ho-s Issue least ~ per the
tras proposed. Nor etNie straight Inv political ccono-
mit be alarmed ., this hing and scared into h iess,
the old North Carona PrOek system be introduced
us. No advocates il permanent system II indeed
there could, sseA, L. harm ~ H. morc than
sensible Physician, when Il. the icc OF Gallo
mel, rny ,ohet medicine, tor sick patient, would
permanently keep up the practice after the patient is
upon his heels uyuin Nor need the unconstitutional
currency" slang haager be unseasoaaby frightened least
NIL the silver and gold in circulation he driven pats
known. IL will ony u driven into the Banks and whet is
there will stay there o. furnish nucleus tor much lar
ger and more convenient circulation.
The % per cent. issuance, OF itself. would impar
material and bcnchcent expansion, while the Banks
would be douby and rohy strengthened for wider cxpan
sion by furnishing salnoie circulation in substitution for
specie, and accommodating and retaining the specie which
the small would al the place of. The whole process
is plain that it would be insulting the ordinary
understanding u undertake. 10 explain further A
that cannot See ii he awards reflection the
subject, that issuance of small the
20 cent upon the capts of the Banks, with protection
ngens, the brokers' would enable the Banks double their
circulation ii treble IL, why, he couldn't it, if YOU
iustrat,dm to him with occuar demonstration.
And we, with n remedy hand he still fur
tct doomed 10 toru ing embarrassment until ground
! up inta dust aud ashes We but moncy-nothing
else. We want the vi,ll nud-erculat'n. The people
want to make compromise OF the time when they
be ruined. They the substantial means of avoiding
ruin altogether They money, in preference all the
Stag Lars IN the world The they want, the tally
The Corn! the Corr! The tally see, where's "tAe corn
exclaimed your friend Randolph his oNersccr, the fell
low presenting him with huge long stick and no end
To the noches upon it, while the crib empty
beggars purse The corn the the tally see"
said Randolph but There's tie cora
The people money-nor Relief Laws Stay Laws
but money,
The corn the the tally see-chere's the oorn?
The bread Of e-or com wheat-thc tally VIC seorn.
But il the Virginia Legislature is determined and resov-
ed that the present grinding contraction shall continue in
despite of all the dictates of and common sense,
why them in the of the Most High, and by all that
is merciul let have Stay Law-or Stay Laws built
upon Stay laws mounlin high. Fill veins with pot
liquor ii to be denied the blood Of life, and let
mike experiment with existence. Yes pot liquor
for blood, and Stag Bonds for Bank notes! AStay law,
bad il H. will do unreasonable good in the absence OF
rissr relief will keep for while least the industri-
Farmer aud Mechanic Of the clutches OF many
greedy cormorsnt that IL boarding his money pounce
down upon his neghbor with the Of the vampire. And
the hoarder himself will have less temptation hoard his
money, and greater temptation bring il into circulation,
his prospects OF thus nvaug himself OF the public dis
of and destroyed. Stay law will dsappont
hungry shylucks whetted fangs OF his unhappy vic.
TINS 'pound of flesh" and his LIES blood with 1t, STAY
law will from cruel, and almost violent alienation in
nnumerabe instances the industrious earnings Of quar-
ter OF ccnurys hard labor, and many good and
honestelow from the habton Of the poor houseand his
wife and children from penury and misery. Stay law
oiH enable the planter 10 GrOid tie forced sacrifice Of the
great staple Of he State his tobacco t0, the beReGf Of
foreign eiti=eH Stay law will expand contraction, and
enhance the general resources Tor alternating the common
dsress-By universal law of trade it will give impulse
and elevation the value Of property by diminishing the
forced sales and sacrifices and increasing the
circulation Of boarded noney-hoaded be invested in
forced sales and into circulation because be
thus inyested-less property in market and money
I 10 buy that which is in market. And Shy law would
give new fo and hope and energy, many poor fellow
staggering under nSuppoab load Of present enbarrass
ment, manageable enough with but respite, unnanageahe
] without IL
If you 20 promote the concentration Of nvergrown
wealth, aud To build up mOniod property arsocracy-
If you to make paupers OF the many and nahobs Of
the few, why oppose all power and strength against
Stay Law. But y'u want TO see Tree and happy Com
monwealth, with equal privileges and blessings go for it,
unless riser RELIEF be granted Let the Democracy
shnn the S31OOD distribution money; and pile upon
taxes. Let them play all the fantastic they wont
o enact in their relations with the Federal Government TO
raise the pile higher Let them contend for the ninth.
part Of hair of every Democratic principle which belongs
10 the party il costs the Commonwealth times S37,-
OOO-hut let them help us in this particular neodgiye
US circulation a Stay Law, blood T5f-liquor.
But 1t has been said tnht Stay Law will make things
worse by multiplying suit No man Is willing incur the
costs and other consequence c suit, he avoid il;
and creditor be disposed when lac has
ms debtor vss IN his power, resulting from the benefcent
projection Of all unfortunate dsltors under the laws,
against the oppressive creditor and against ntoeabc and
barrH-sment and distress But "A Stay Laws would be
mpairing the obligation OF contracts :" Did the &c.
neral Assembly before exercise the right and author
O passing stay Lawns now denies their right
OF modifying the laws concerning delivery bonds,
and the right dcned then, considered impoitic or
nvi-e! ii the right did exist 1t exists And if
IL eveid exit II has BEEN throughout such existence,
condition precedent ia every contract entered into between
and manpau aud parcel Oi every such contract Or
~ solemn legislative precedent and adjudication, and the
public sanction at such adudicauon but eHter and p-
nela" and OF no account You might well Say the
Legislature durc interfere, and alter the law extending
the time in amy OF summary process whatsoever. \
Stay Law inpairs the obligation Of in the
qualified and plain OF the language, than woud i'm
pair the obligation Of contracts To new-mOdel any portion
O the civil process system extend the time
mon recovery 1T law. And yet, ii YOU extend little time
10 hopeless debtor, in period OF great cxigcncy and dis
tre every COasutOa-sdcer and Shylock in the land is
frightened oi his wits lest the ark Ut the pubic saety
be decorated and desloyed.
But ga Stay Law will help the debtor hut be
for HIM" "Bring him promptly TO the block say the
advocates of rigd coercion and oil his head once
"e STILL YOU silly, ugly eel, wic skin yeitis good for
you bo ayCd alive" The debtor, IL il commended, will
he better prepared To his properly than IL months
hence. Oycs! after all his property u gone sold under
the hammer for half III value And IT has got no
money he is better prepared pay cash for property he
buys and two years credit than he will be prepared
10 pny II when the money becomes due Now, ii n man
buy properiy tnc and pay for il maturity and
higher price, to- and above the interest OF the mo-
ney tlEn he would have pay in cas when, indeed he
cannot pay IN cash all, mi ,h not also his
property, by time, while lac could it without
tmCi An energetic and industrious may accomplish
great deal by time. And IT have got he ruined
let stIye oi the evil day long These wise
logIcans will very likely, get 10 pcrsuadng US, after
WHILE that. "i ia given unto all 10 die"
bad all better have heads chopped of once, lest
die harder hereafter than "The merchant will begin
70 sue forthwith" say the advocates OF rigid coercion
And s that process with oil this widespread canor about
a Stay Law, vet be begun "Suits," say they, twill
be mutpled-1nd interest and other will kill us.'-
One way keep from dying OF the holow-horn Is
TO kill her at once. II per cent interest, and some tn
fling cOais will kill mnn in two years, under the
operation Of Stay Bawhow long, according the "sn-
gle rule OF hree might his soul remain in his body he
rejects tine logic Of the spfcdesi DEATH and unGertake-
keep there by putting himself under the ssaycr's scaipe
the eEjrsive and usurious interest Of per per
month, instead Of per cent. per unnuml How kind ,
the unhuppy debtor HE benedcen and beney tcnt friend
thar parades before his dull and obtuse unders landing
many cJgen dmngnicen and arguments,
enable this mercif friend sTike tue poor debtors last
cow, and the bed he sleeps bn 10 convince him how
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