Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-01-17


Organic Law will be the case they must Affect
most favoabv the credit of the State well the chaac
ter Of our legislation is the practice for one Legs
make the appropriations and throw upon another
the less agreeable duty of raising the and after the eS
perence gained that subject by politicians in 1928
when the Democratic party very losing the Le
esatue because had saved the honor of the State Is
wise require that gentlemen who have the pleasure OF get
Ting money Of the Treasury should enjoy the eratica
ton Of providing for It's payment without the danger OF pay
ing for their patriotism with their places
At the time the State has much indulgence as 1t
ask Twenty years generally understood TO be about
The average Of generations and as general prnc
pie every debt generation should be paid by
It, These resolutions contain provision TO that effect
As friends dicous system of Internal Improvements
glad also that the Legislature is forbid to
dose the bonds of any company whatever or become other
wise responsible for Its debts This is indirect way of
tanning money by which the State has been in almost
instance loser and unequently believe, TO the
extent of tho debt which ultimately made present
TO the party endorsed.
The general operation Of these resolutions If engrafed
the Constitution will in wise impede the progress Of
the State since imposed under neve, be-
onerous whilst in exatng the credit of ,hcS,ae above that
Of any Of her sisters 1t will enable her TO command funds
for any reasonable undertaking.
For thus introducing these resolutions with
mold our Acknowledgements their author who BE-
saved the State from Reputation by his bodness and
eminent financial Abilities and now suggests pan by
which that dshonor shall BIZ forever averted
RESOLUTIONS OF MIR. RANDOLPH.
Resolved That the following resolutions be referred TO the
committee on the legislative department Of the government
for inquiry and report:
Resolved That there shall be set apart annually by the
auditing and dsbursng officer of the treasury the
accruing from taxation and the fund for internal i'm
provements equal eight per of the State debt
shall be called the Sinking Fund and shall be set
and applied by the officers aforesaid the payment of
the interest Of the State debt and the principal of such part
may be redeemable If part be redeemabe then the
esidue of the sinking fund.- after the payment of interest,"
shall be invested in bonds certificates OF deb, of this
Commonwealth Of the United States, of OF the
States of this Uniou and applied to the payment of the
State debt 1t shall become redeenabe For the purpose
of setting making and experimenting this investment
the said officers shall constitute aboard with all necessary
into effect this article; the organization of
which board may be prescribed by law.
Whenever debt shall be contracted after the first day OF
Januaryls5 the said officers sho like apart
annually for twenty years, equal to eight
of the deb, The time Of Its contraction for the space
ofwentyour years from that time which sum shall be
part Of the sinking fund.- and shall be applied in the manner
before directed The revenue thus appropriated shall not be
subject appropriation BY the Legislature except time OF
war, insarrectiou, or invasion.
Resolved That the Legislature shall not pledge the faith
of the State bind in any FORM for the debts oblga
lions Of any company or corporation whatever.
Resolved That the Legislature shall not contract loans
issued certificates ofdebt bonds of the State
edeemable the pleasure of the State for period
than twenty-four years
their organic law provision similar tina, recommended by
Mr. Randolph as will be seen from the following Geographic
despatch
OHIO CONvENTION.-The sections relative to the
State debt which have been under discussion in the Con-
for several days adopted this afternoon There
is be sinking fund sufficient pay the ntcres; annually,
and also $4,000 OF the principal
That applicable TO the payment OF principal ia 10 be In
creased annually by compound interest at CENT until
frapp lahf yh in tho
5750OO0 Sinking Fund Commissioners are 10 eapponted
-.ss~-
a TRIUMPHANT yINDICATlON.
For weeks since, pro,rac,sd and irritating news
paper warfare has been going between the Editor of the
Union and John C. Rives connected with the public prin
ting. Rives II Ia well understood is but tho cats paw of
the free soers Benton and Wentworth and backed by the
N Y Evening Post, the supple tool Of Martin Van Buren,
and his wetched The great object In view seems TO
be the establishment Washington, of organ push
Presidential prospects of Thomas L. Benton Mr. John
C. Rives to be the financial manager and beneficiary
Us shall not pretend to into the merits of the contro-
yersy Suffice say that the sanderous charges Of Rves
have been Utterly demolished by the spear of TRUTH applied
the false statements of the pensione the Treasury
c. Rives The character Of the may be inferred
from the In which he sought pervc letters
of Gen. Jackson Mr.. Blair into imputaton the In
segrty Of Editor Of the Union The letters publish
cd and they found TO contain nothing Of the sort,
There is one point discussed, however. which involves
matters of high public consideration Mr. Riyes charges
that coalition effected between Messs Polk and John
Tyler the essence Of which that in consideration of
Mr. Tylers resgning Presidential aspirations in favor OF
Er Polk the former would furnish $4,000 of the public
mono for the purchase Of tho Globe and the removal of It's
editors from their position of oganiss-ha this foul
effected through Mr. Cameron, the Pres
den; Of the Mddleown (Pa) Bank-lhat the said $4,000
of public money deposited in the said Bank and drawn
out the purchase of the CLIQUE and the establishment of
she Union that II base conspiracy TO
over,u.n the great Globe ITSELF les, it might expose the
nefarious official conduct OF President Tyler. This is
grave charge involving the personal integrity of Messrs
Polk and Tyler snd The editor of the Union. II has
been circulated with suo through the Wing press-and is
us the memory Of Mr. Polk the yirtuous and the
beloved representative Of the Democraey-dGe 10 Mr. Tyler,
.he accomplished and respected citizen, following the
even tenor of his the banks of James Rverdue to
The bluff ba bold honest upright and s,rong-mnded Major
Heiss the Editor of the Cnion against whose ntc
.ity SANDER In vain directed its poisonous shatsthat
broad denial and RECITATION of the infamous charge should
be spread before the people of Virginia We therefore make
apology for republshng from the las: Cnon the letter OF
r Tyler the authorized of Mr. r. j. Walker and
she scahing letter OF MAJ Heiss The whole story blown
skyhigh, will be aeen from perusa! Of the following
rYLEas LETTER.
SHERWOOD FOREST, JAS. 9, 1851.
sion between Mr. Polk and myself in lS44 with General
the instrument for the destruction of the Globe
newspaper edited the time by Messrs. Blair Rives,
would probably have been permitted by to have
descended without word Of comment, to the same CON-
tomb with thousand other asehoods bnt for the very
emphatic in which you refer to in the Union
Of the I'd of January which paper did reach until the
day before yesterday Not being subscriber either the
Cion the Globe, did not know OF the existence of the
controversy between yourself and Mr. Rves and of
was ignorant of the fact that my figuring in il
until copies Of both the papers reached Inc BY our las, mail
\ 70 ions
as much breyity possible His charge consists of two
allega,ionsthe first embracing Mr. Polk and myself! the
self By the first represented making an overture 10
Dir Polk, as condition precedent 10 my withdrawal from
the presidential Of l44whch overture Is said 10
have accepted by Mr. Pok,hat in the event Of his
election the Presidency he should no make The Globe
newspaper edited BY Messrs. Blair Rves the official
gan OF his administration and secondly enable General
Cameron purchase the editors Of the Gobeho being
The seected by Mr. Polk and myself for the
compishmen, of thar purposei arranged that should
cause b. deposited in bank al Mddeown Pennsyl
yania over which General Cameron said by Mr. Rves
have had complete CONTROL $4,000 Of the public moneys