Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-03-05


mad or now practicable. Open up highways through S
extensive and ri region, and instead Of eight pcrsop.
the square nile will have N.Y. and instead of on. land.
being worth ftty cents, they will bring from ten tnn
dollars per acre; and instead OF one hudrd and IRE N
sand dollars will furnish your Treasury annually viii,
three hundred thousand.
Gentlemen of late seem fond OF quoting our stocks in b
Northern market as an evidence of the depressed in,n;
condition Of Virginia Have they forgotten that the bond
of New York, with debt above forty millions, bng
one hundred and hrtlr 10 the dollar; that Pennsy, AMI;
bonds are quoted al one ndrsd and ten 10 The dollar hi
boring under debt OF over fory millions. and tia, b
bonds OF the young and giant State Of Ohio with d
over reny millions. quoted in the market al from NV
| hundred and s.ht hundred ami ten
(Mr. Harve here interrupted Mr. H., and said since hi
friend from Marion quoting State stocks would h.
Glad for him the condition OF Virginia bonds n ~
! Northern markets.)
Mr. X. said this the very point 10 which he Va, A
rcc;ing his agumen and would with great pleasure s,
for the benefit of his friend from Amelia and for The H.
that bonds in the Northern markets quoted =,
ninety and dhdI And why sir (! To this lnerroys
tory desire earnestly 10 call the attention of members
Were they quoted during the winter OF lSi6-',7 yh.,
three and half millions Of dollars appropriated r ~
ring the winter OF l9i7io when fonr and iuf IrIon
were appropriated; or during the winter of Isis,q -
sir and hGlf millions appropriated loaned ana sn,
srribed Certainly not, sir Then why is il they .horN
be depressed and quoted al n!ey and half durin
the winter of lSig50 when less one million OF oo,
have been subscribed, appropriated and loaned
Sir this question Is easily solved and bu, JUS, Il, ria
internal Improvement party that should be known ltcsn
not be from the grcat debt Of The State for all parties and
caIculaors know il De- under gt millions of dollar, ~
sides in s2 wiha smaller debt her bonds greatly beov
their present value II cannot be from the poverty Of the
monweath ;o her property has been estimated BY all 10
exceed Cre hundred mons 81 dollars; II from
the scarcity Of funds for the money market never -,
ser can il BE- from the wortessess Of works of
improvement FOR they have yielded Us, in the last year
hundaed and forg fire thousand dollars above former
years and will, wlenicO npe;ud yield still more Sir ill.,.
lies in a she'll II j. clirgcabe upon portion III
the pess of this city, ana the speeches Of the aninerna
improvement party of this House In their zeal 10 defeat
improvements eStrayagant calculations ami colorngs have
been made The dark pictures of the debt of the State
bankruptcy and reputation, like chimeras dire gorgons
COLLINS and ghosts, have with the wings of the morning
spread throughout States this Union as well As
around fre.sdts .rchten dealers in Stock.
abroad and the humble tax paycrat home II in.
tended ~ bring about such results sure; would III
or moment, attribute 10 these gentlemen dishonorabe
motives but like lawyers for wealthy clients have they
written and spoken until their wrought figures and
aggeratcd numbers have produced results deeterou
credit abroad.
Mr. Speaker how was with the State in the winter of
1913 How was il when some of our Western and South
western States had boldly advocated reputation and when
Sydney Smith with tongue aud pen attempted sap our
credit in foreign lands and with foreign capitalists anu
when State bonds floating in the market between
screuty-sT and eighty cen 10 the dollar What then di
she deem il her duty 10 do Sir she resolved 10 be ot
first teach Sydnoy Smith and Europe her dete
tons LAT all hazards and 10 the las: extremity 10 protect
lnyioate her credit abroad She brought III new subjects
taxation and increased the tweny per the
old and Sir in less than six months from the passage
that act her bonds commanded premium OF eight cents
the dollar This early attempt nj saving her fair fame and
credit abroad had The desired rec al home Not only could
she command what money she pleased but her -pirt dusl
itself among The repudaing states and ihey too are now
found with her side by side battling for credit home and
credit abroad Sir let again such contingencies arise and
the results Will follow
Mr. Speaker believe Is conceded By all that vreinans
taxed less than the citizens ~ other o tie States
this Unor Possessing the largest territory she has the
iwrs improvements. STATES al around her by better
Of education ana internal improvements being
riched and honored while time citizens udg
ing steadily the paths gradt theirs trod before them
il not time arouse
But sir This subject j. Too well understood 10 be discus
sei by mo w only object here is the House that
whenever utcious system of Improvements shall creaes
debt suicirn, magnitude 10 require al increase OF aAs
the people will only he willing TO pay them but being
made able by liberal legislaon they will take pleasure
in doing H. Sir some the States their citizens fort,
the hundred dollars worth o land ~ carry
systems CT improvement and they grunble India
only property enormously but absolutely eyir.
head serenye cents on her citizens for the support
Of government and her WORKS OF improvement. Why ii
these people heavily taxed, are not grumblns Si
they have thu qd pro quo in turnpkes canals and railroads
They are enriched and made able pay, and then they
pay cheeruly. II is easier for them 10 pay their tfo
dollars than for fifty cents have said, sir that
during the winter i3 bonds could command but
prices varying from sereny-sLr 10 etgy cents They
command n1eyseren and dhI Unr debt in l-i2 was less
than millions il is quite eight Surely this wlsIs.
tain proposition that the size o The debt Is the
Of the depression If was increased of per cent
would In three weeks, make bonds command premun
of ten the dollar ia is as this gil,
they viii be, my word for it, elevation will take place
price OF bonds, and but short time will eipe before
they will command premium throughout the Sates and In
Europe Let gentlemen dspe their ears lei them cease their
eAageeraiions let facts the people lei them strike
millions the amount OF winters appropriations
and insert enc million; lei the people understand that your
fearful fghre. and tce alone intended fghlen the
improvement party in he Horee and not those without =
tell them that efforts have beer directed ,owars saying
The Treasury, which is evidenced by the appropyi
atod in with am Of The three last years; and that
stead Of shoyelng directly OF the Treasury from hG
million 10 one million yearly AZ was the case in i6- i.is
and As 49, have shove!ed but little over hundred
thousand dollars, and before this session closes bonds
will be quoted at hundred and sir.
Mr. Speaker, hope have indicated the Improvement
party from the extraordinary made against them and
through them the honor and Integrity OF this House hope
have said enough satisfy the people that thvr representa-
alive their best interests and doing all In their
power promote the highest prosperity of this much nsy
ecicd but glorious old Commonwealth. And, if have
failed sir IL not owing 10 the injustice Of the cause but
my inability 10 defend il.
As the bill now before the House, shall vote for
checriuy, knowing il 10 possess merit It's patron has
been regular md constant III his seat and voting Literally
merorio schemes he is modest in his applications
money and soics that will dividend
Your treasury Mononeala old county very popuous
and pays largely into your Golfers The bridge will span the
beautiful Monongahela and link roads together that
greatly travelled Over this bridge pass the citizens
OF LARGE poron OF Pennsy vana and Virginia. their
the Baltimore and ONO Rail Road pass
Ocress cattle sheep end hogs 10 the eastern market Sir
necessary for the people will be profitable the State
and hopa %ll be the pleasure OF the House 10 it,
Photographed for the Baltimore Republican and Argus.
WAsHlSGToS March ., 1850.
Although the wings and her Journal, undertake smo'
~ the report that there difficulties in the Cabinet
have upon the rest authority that Mr. Clayton had
rendered lis resignation with ull purpose Of refining
but he persuaded remain in. The difficulty
i moi yet settled and may eventual, in grand tJw up
WASHINGTON, March ? 1850
The Senate Yesterday confirmed the following nomna
lions
T.. Collins Lee District Attorney for the State Of Mary
land, vice William J.. .IashaIl whose term had expired.