Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1843-01-26
FRDAY, Ian. 20.

u. =
petition was presented by Mr.. Frazier Of
Samuel Miller to have refunded to him lie pro-
ceeds OF the sale OF his runaway slave, (Georgel
heretofore paid into the Treasury.
f'mGHce EepOrt.
lhe nance Report came up as the order Of
the day.
Mr. VERIFY asked if it would be 10 order TO d.
vide the resoluton--so as TO take Tie vote first
upon providing interest, and SECONDLY upon the
sinking fund.
The Speaker decided that it would not-as She
same question had been taken already, III dilIe-
rent fora.
MIR. Byrd moved 10 add at tie conclusion Of the
resolution the following wurGs, ''except in the
event OF war, or other great and pressing calami-
ty."
Mr.. Randolph had no objection to the amend
men las he would never bring in bill, which
did not contain some such provision.
Mr.. Frazier would 90 as far as he that went
iafihest for making ample provision for presery-
ing intact and InYIolute the faith of the State
But he must De permitted to pursue his own
course. He was opposed TO Sinking Fund I'M
der existing circumstances, for paying any thing
but the Heating debt Of tine State. MIR. f. lad
on seeing the zeal of The great Democratic pary
for Sinking Fund, had recalled TO his mind
certain historical rocolleciions. lie sdycr,cd to
Tie fact that Alexander Hamilton, tile great head
OF the Federal Parly--the first Secretary of the
ireasury-was the author OF Tie Sinking Fund
system-ile was most sirenuousiy opposed by
The then Secretary Of State, Mr. Jefferson, the
leader OF the Great Democracy,--wEo repudia-
ted every thing like Sinking Fund with even
greater horror than all sides of this House repudi-
ate repuda:on. He alluded, also, TO the denun-
Citations heaped upon the Wings for funding. at
the Extra Session of Al, the debt lett by the Van
buren, Administration. lie was glad 10 witness
The candour oil the Democratic party III abandon
ing their hostility 10 Sinking Fund, and, now,
coming forth its most strenuous supporters. But,
he repeated, that Whilst in principle, he approved
OF this system Of meeting the public debt, he
could not in the present enbarrass condition of
the people, impose additional burdens, not abso-
Iuteiy demanded, upon the people. little MAORI
~, however, were determined to establish this
Fund, he should prefer 10 rest il upon the more
uncertain and flUctuetiDg sources of revenue
ihan upon The revenues arising from land negroes
&c. He did not have entire confidence i'm the an
iiciratcd income from the proposed new subjects
OF Taxation And if the deficiency from this
source be realized, which he feared it would be
better TO fall upon the Sinking Fund, than that
me interest ON the public debt should not be
promptly and punctually met.
Mir. Martin moved TO amend Mr.. ByrG' IS amend
nent' by striking out all after the word ,oar.
MI Leahe, OF G. spoke at large in support Of
Tie resolution Of the Committee.
Mr.. Carter regretted that the Committee Of FL
nance had not accompanied their Report with
ON. ne eutJfct would then have been more
Ineligible. and much time might have been saved
ny II. This debate, or that which must arise,
when the bill Is introduced, might have been A.
FNoeo' hf. =. referred to the party that had
created TIE State debt. lie denied that the Wbiss
had at any time, since It's creation. had MAORI
~ In both bronches of the Legislature Mr.. G.
then tool; up The statements Of The Finance Re-
port, with view 10 ascertain its ezae; meaning
whether it was designed that the sum necessary
ior ihe sinking fund was TO be independent Of TIE
sum necessary to pay TIE Seating debt Maze.