Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-02-16

were The sole cause of the embarrassed condition OF Tue
country at the present time. sir, the geh.ienia" o
H,ras is n bank man, soul and body, out and out
n;s s,eacb was one of the strongest bank SpeecheS
OYER heard delivered on this hoor. heafa sou'e "
the Wb;gs of this House euoglse that gentleman" o' "
strong and mastery bank speech my osy M,
covered nm a multitude Of his past poucai s'hs' ~
withs,andng that gentle man III ~, ,o-ssts
bill as runous and destructive 10 me pest ,h'eIesS
&c Tic cor,trv must here remark, mat a'n u.
favor of State Banks, when properly euaruec uhe
res,r,c,edthat have often declared TO my people on
the Court green that was bank man WIN ,nese Col"
the gentleman tells this House, you pass
,h S,ov law or Valuation bill, you will RUIN the BANKS
a.1 10y ,aha,,s Are the Banks and merchants the
only people that this Legislature IS
The Banks have had Stay Law IRON way, ioo1, up
to November, 1912, with The excepuo" ba nson,a Voc
e. nhen he veomanry, the hard listed laoorng peo-
ID ,ha country the snew bone, and marrow OF inns
Eove,nmen, ask this Legislature TO stay the hands OIL
The officers from sacrificing their property, on, no,
YOU can get 10 relief Who suffered what class OF
.Hn.c,srs suffered when the Banks closed their doors
and violated the law their part Why, SIR, the
ybo,e country The aborng people. Their deprecated
paper was floating in the country we only ask lot
s,ay or valuation law, Tor short peroo, TO preVenl
the socr,Gc. of property. short time before leit
homo saw the sheriff sell horses in the street for
eI7 and sis that were worth from SO 10 SS0 IN or
dna,y ,,mcs SIR, unless this Legislature gives reliei
in some wav or other, hundreds and thousands OF
honest men must, and WILL ultimately be rnned-'he'r
nroner,v sacr,ficed-their debts not pad-the poor
mans nuoner,y taken from hm-his energies destroy
ed. axdRe will not try to pay his debts Whereas, IT
YOU ps4ehm time, he will use every effort 10 pay nus
Debts Twill Stimulate hint will renew his ener.
ries. The as66lA are hones,-they are perfectly
honest 3pg to pay their debts IT possible.
Vho, !; INA 66inmodity of that section of the
count, frony Tiijd 4acouie-Souh western Virginia
Why, Sir, stScks hogs &c If you pass this
hill n man who owes fifty hundred dollars, Will
have lot of hogs CATTLE tina. will enable him to
paw his debt but, the other hand, II the oihee-
executes aud sacrifices his property, you place him in
condition in which he neve. pay his debts
Mr. C.. said, there another bill which would come
IN shortly; met the bill TO extend the jurisdiction
Of Magistrates TO fifty dollars. ask for no Stay Law
as far that bill goes, and when that bill comes up
shall advocate it, and my best exer,ions TO pass It,
confess have that subject very much at heart The
gentleman from Albemarle contends, if you pass this
BILL il will create litigation, and is calculated to sacr-
fee property. THIS bill, if | understand it, guards
against the sacrifice of property. That IS the object
,he bill. Does it interfere with contracts between
man and man: No, Sir; Only propose i',,,'';s
the time to enable the debtor class TO pay their debts,
without sacrificing their property, BY giving bond aud
security and those bonds, ageeaoy to the 4th sec,on
of the BILL be transferable from one individual 10
another, which will cut off thousands OF law suits
Was there not Stay Law in 1908 and in 1914? Yes,
Sir one of The most wealthy men in my county, who
acted as Sheriff at that time, have heard him say If
had been for the Stay Law OF 1905 many OF the
citizens Of that county must have gone overheard
Was the country distressed at that time than II
is now: No Sir; | have heard the Oldest men in the
country say they have never seen more embarrass-
ments in the country than al this time
The gentleman from Halifax seems to think, II ihis
bill should pass, the people of those counties lying or
adjoining other States will have to encounter great d'i.
fcuies IN consequence OF suits in the Federal Courts
liver three appTebenQ
difficulty whatever in relation To contracts between CT
tizens of Virginia and those Saies-Tenhessee about
thirty miles, and the distance 10 North Carolina
and Kentucky. My friend from the county oil Lee,
whose county adioins Tennessee and Kentucky anx
ous for the passage of this bill believe can speak
not only for my county for the passage OF Stay
or Valuation law in some shape or other, but | can
speak for all Little Tennessee-yes, Democratic Little
Tennessee They demand relief in some way or other;
they loudly demand it and, If no relief gwen them
bv this Legislature, shall not be surprised IT the PEG
pie rebel against the civil officers, befure they will see
their property sacrificed and their debts not paid
The gentleman from Augusta says, that The &C.
vernment is established to protect the weak against
the strong. This bill guards against the rich man
opprassinS the poor If | could be led TO believe
tia, this bin would give The rich the advan
age over the poor, would be the last man on this
DER 10 support any calculated 10 cypress the
poor, and strengthen the rich This bill guards against
The rich man riding up and down the country, seek
whose property lie can puv uHueI Tue HaHiuiel VI
the sheriff or the constable | again repeat, woulc
be the last man this floor that would support any
If tie kae Ae9 me G9s The ssn 5
it is the weak mans bill. My object is TO guarc
gains, the moneyed and the rirh and to protect The
weak and the poor. That gentleman says, if this bill
pass, it is calculated to destroy confidence between
man and man Why, Sir, the other day, when We
passed resolution TO instruct United States Sena-
and to request our Representatives in Congress
their best eXertion TO procure the passage Of law
to repeal the Bankrupt law, where did find The gen
tleman from Augusta Why, sir, he voted agalns
the passage of the resolution to instruct Senators
and to request our Representatives in Congress to use
their best exerlions TO repeal that odous and aboina
BILE aw, that has done TO destroy the confidence
between and than any other law or act that
ever has been passed in the United States, and has
done mischief by destroying the confidence Of
The gentleman from A!bemare says that the people dc
not want stay relief law and if vote taken 10
day. majority Of the people would be found against it
saw in the public prints, IN the newspapers last sum
mer that Of the Northeastern counties petitioned
the Executive to the Legislature for the ex-
press purpose of taking into consideration the proprie
" Of passing stay relief law, TO prevent the sac!,-
fee OF property and in addition TO all this, look at the
petitions and The memorials your table, from ffer-
parts Of the Commonwealth, asking for relief; and
yet told tn people do not want relief.
Mr. G. said, know that tins House is weared, and
feel disposition trespass their patience any
longer, this subject has been fully discussed (Cres
of"Go on, ego on. Mr.. G. said when man is done
lie should quit.
TWENTY-SEvENTH CONGRESs--3d Session.
Monday, Feb l3, l543
SENATE