Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-02-08

sat@s Of VIRGINIA, Saturday, 2-"c, '""1a'y'
49, Rude LIN my speech!
Anu ad ' ,nes!orc lille shail grace my cause, ,ce
Aia '"e' myself Yet hy Nour gracious pa ics!Se
:, LII IN :, round, uivarnished Tale deliver.
sir y: IN this subject was under cohsas ';,a,nj r.
emb,r lad occasion 10 offer lew uhi ,r,a motion
ks directed against the principle "l ioans' nucx
,nn...r lie vote for engrossineh YVES e" as a
pcrtcd o my farl; END my maiAs o!;t,Ii .;.ccI!.s
s.ott imp; onpu, rustic reply 10 ltoc three cities,
delivered ~ ihrea G"hHehic"
Iriumrtri Cipin'n 49,. t,,,r.sssa tie uaai Of The
r,.. win an idea that Il - neressa' .n;,sa have
ltouss w., ,ner in,o The subject and, c'ns 80 c
III, ,tatnt acssy myself. Thus does Wv. - III, c.nstIlc
rsech c,e.!e necessity iof and in. incibc
Ian NJ an: raj! road generates an ,",d And the
wa " no construction ct another ran 49, - ,,
sssnh,pre holds in this, thai "htn .,' s il viii end
fese,'o n..un Heaven only knows WV 49, 49, 49,,
oaa o not s,a,e This body ssi nor - , 80,
h shall stop my car al me l.fs , sp nria, nf ,Is
snncal hour rule mao experience The hns.
~, nnera,ion Yet the sense oil noe,y Is pea,
he ~ nnw Iaunch into the debate WIN shous"S nee " w
spirit Of the great deep. 81 o,ns am 10 regard il
on, rs, u Nothing may say 10 70 % cohsuuee n ~
;c;ns hostility 10 the work, which IS INC ~ VI
EN- Ioder other circumstances ana 10 p'uIe 'Du
Dill ouuel M,r,ave FOR The completion OF The WORK. out
~. loan principle condemn ana esis, , ,..,,
All those advocates OF P uoIG n.
nave e1 49, p.rsburg alone The members tom Pit
Alternate and Elizabeth Clly each afnn'a th'
~ - Improvement, and each calico Gp'i '7 '!,'
Id 49, no DEFENCE the loan, as 10 The ds!sncr u the
c;,odcj of hope True, in The apnicasoh Y. ,'c i"
,hev insis, on tho particular merit o. ta 1f
- ,ade H. fcr of the argument nga!is. ne s's'e' Nv
I .. twenty one organized 70 ::sidt! ''e
spbi.c of srnsl improvement! and G'sest pan ~ w "
IS ,hs;r nor,y recommended neaG SIX rail- roads %
io " Improvement be favored aud pf0secu-
the principle Of loans 10 now lnfoked as 's s u
men, 10 accomplish that SYSTEM shall 'iefoo!s "ea' We
principle as system 49,, - iii. a., l.,
Ih,t The partcu!cr merits Of this measure shall e5cfn
!, from the operation OF the argument bul hsst INC s
enau himself will the principle OF loans Us y
I'D will not now designate work from which he wonin
withhold The advantage VI loan lie mas cidhea "f ~.
work of which he is the patron he poSlai"'' ti''s,
friendly 10 loans The Danril!e and 10 me '.!"s an"
Tsnnessee roads and undertake 10 say, II should cal ."
hin, 10 declare whether lie would deny loan 10 ire Yen.
trail or Munassa the Orange and ALEXANDRIA sIa, ~"
,cere nm affirmative response. He ia ready TO apply NE
,,ncpIe in each particular arises; anu US tes"a
icln cases combined form Inc general sys'cnl ne n' Dc
ready 10 d. lnn1 IL as system
liciv pocmcd 10y the gentleman, refers 70 ne" c'.ta
MES no; YET organized; because II ""uit re csd 20
loan 20 corporation no! yet otganze' o"i 40 fo' a"
mn.ny Is in condition 10 receive tie benefit u NE
nrincipr IL. disability !. removed and Inc gentleman ~
condition = vote the loai p,.
huo Rail Road are now applicants for c!src'a ca III" r't
of three hs subscription by The State 30 soon - 'tSs
brrg themselves within he category stated INC! may os
applicant. Tor loans and receive the aid uf inc gentleman
from Petersburg theIsioIs nsst he IL hopno 10 ahs"c
to the argument against The system
Gentlemen estopped on this question at} a'.e'n
pIvs. I'm We pubcly proclaimed the JOINT STOCK system
has failed in their hands, and they call on us 10 SUBSTITUTE
something efficient. The substitute for an ee'c ana oi"Ae
down sys'cn. must itself be treated as system; una S "
ooyious 10 a., The criticism which might DC urged a"itnst
in universal Application. The GOODNESS dhu i'ot'i'"'t
with i lie oiu. stock SYSTEMS discarded ahe cen
ed hy is guardian friends stands or!h as stfAn@ eh.'
- ,ch, introduced lha, sysleml Who uEgeG Il
upon the ,l Who drove it forward 10 liz unrniHa "'l
disastrous suits? The very party "" i'w q: H@"cs
Who e,.r, IN ills behalf all The tore Of &c; al i'S '"t'
# e!cq,..nag NJ their comInandf-s'rf e'is.& ~ .., -
strain. Iir rnt1! and unlnnEican:s blessings 10
our conneNi n with the FIR West, through .
of subscriptions joint sock coipanicHi ecu .. wy
va-v ror1r n row declare that as exhausted Inc ~
sources 81 our people and left their wcrN incomplete Ut
prcfi,atIr a:,t unP:oducve! ioaa!Es the County, =.
scoh Of DE-: AMI tax from which they say there IS NJ
hone Of rei except by additional enormous expenditure
and in The form 0. loans e. lhesc aei'e
men who according to their ow showing nso u,en Az.
epuied the Stale this melancholy condition q nope
es.ness nloesly forward TO challenge lie cOhHeu
eonfdcnre The county, in suggesting me mSsi'oe eh
Incident Of cans Sir the joint stock sys'en is pad enough
i is true-had in lis principle and bitter III s ifrS h'
s; stem Of /, .ns will prove far worse
The system q loans expeden t" construct NC
on ST account aloneha, is 10 say al The e%Hen'e
If The State dispensing with the necessity Tor pffa
.phscripou Ii in vain urge that no E0ic rHos:,p'
ions can procured from individuals ne api's ~ w
ueope 10 subscribe. along those several lines o. improve
me at has bs"a established BY indispulaols proofs. g
proDE have 81 invadaled-no rePy has been ATTEMPT
I'd |, has b. shewn from official ataIiscs, TIA! 30 An.
riran currinury, perhaps ccinnunlfy IN iS " -"
nvs an average wctllt claal {" ia along me ''* :" S
iuprovemcn's Til: proposition - wholly i"cJ@s';'"H
., IN the position OF the gentleman from Piisi !TH Ai2e
marie anc Elizabeth Civ It iAs:s'.- va: P'E'r
.oucc. err exhausted ard that the last fe'Hc;'' !ft"s
nad been su y and painfully dragged iro ,:e co'ia'''
,yha; ict!n arthcr could te e1,"rtei i"H "
rom corpor;. subscriptions Of towns =" c"a:tlt7 ines
gentlemen Expressed themselves before hc sjc' "'s en-
ctalei BY Ii" gentleman from LniPepor. 7'''r ~" Ie
ery % ina, s:,.e H. the ncman o: Fee!s iis Ieso'
hat the peCIc The ABILITY TO Complete HE VIOLA" ou
nc pronounc.s cmpha,lcaily, they won't
Now sir, thct, several obvious reasons "!c r'.n
10 prevent tie people along tho lnes from comparing ~!
wurks-ainOnn these may ascr!ne prominence 10 III
evil Influence Legislation. IL is your PnIcy I" 'nion
mem that If they do the works 10! e'dc3t-
tho ,nmnnweaith will COME forward and do !r them
They prefer 70 enjoy the advantage at the expense :"
rather III ray down hr cost themselves; c>isca'y y
they know BE- your habit II compel :het to oH'
20 the construction Of distant works in w'c nc? Ie ~,
ia no ia,rtcs.. Acain The people as n"'GilY .'a'
take stock in )a:y al pa, ra!i"s 'ihd," a'"
for one skac, Shcn they 20 IN ha"lit"f :!d FHtS
in The same company share .! rqna rnt, at iiccs '"
mo from twcay 70 fifty Go'as kna~'Gg, as i'i"y a. "a
nc nrw sh ne il ;hcif OWE isris VIII H;iiNl;. ! ?fec'a
10 twenty iitty doii:is.
Sir the ,eopc ,:rhe. feel that tho oss not t;n. -e'
by the o trade and rec aud !ial hey az
essential 70 their o%n uses OF meg "iG rs,I,"s
the works as rcmueative !'eaneEis; aa prefer '"ieaS
fair field TO gsative hnsncere, TO cnfcI The Cnniih
wealth by making investments IN STOCK al one hunafeu a
lars which may b. purchased in the market Ill my
Rely upon il, air If the people have conlldehce 10 '
works az cmuncratvc investments-if ther believe i"i
demanded by the necessities Of trade and aeoSe ce"e
mouwealth will mol complete them, the gentleman from n
| tcrsbulg vii! find they ,rM"
II ia said By DeBow that "Whcnevcr cclTercH ccnaia
. ronh captll will make it," "Whcnevcr road wi pay
The people along line will have the sastcy % uA" ~
stock"
These upp,ar BE- aphosms 'h2 concentration
the essence II the p .nuEd philosophy Of AdiE, smith
Sir this primo pie, system of lnnas sandd o2noxl"ns
h syr7cs; criticism. Ii Involves all tbs evils oi tc c
stock system without any lis advantages. il rvoiTc: u
III. evil OF constructions Stale account GEi ~ S;sl
agency without any .. its advantages. !; cynJErs ~
wis of both - stcs without The advantages oI ch*
The lpnt stock system aeC;rcs the aivnnnge .! it"!dr
al interest Modified By the proportions between inhi an
ptiynte contributions When work Is cnnssticlla "ho
hY private Means and managed by private "G"IH II - s
.rc of the benefit of caution and disceiion Mrn ii'a
situated will lock cautiously Tito the SUBJECT lhsi
will assure that the enterprise Is required by IN
wants If The c.;anlty. II will DO we'll located Suc
attention will DC paid the application Of The fund and In
name 10 which The work is demo Strength durability
usefulness will BIO the Objects and such The advantages Sc
| cured.
All these will Sc lost and sacrificed when the ap;cai
Of the fund and the execution al the wuR, orc Co:dc
those who adequate and controlling interest
The work vii! badly cxeCuledthc fund c!ssplci II
prices, high Salaries, aud general wasteus al
mnisra,ion Strength ana usefulness VIII tc ss:' crn
beauty and elegance; statues column nTchrs enf "t"iEs
will adorn tho n,asins OF the WORKS erected {" cnnc!at