Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-07-09

intelligent European writers. But my friend
from Culpepcr refers us back almos. to the DAYS
Of barbarism, and wishes US TO asSlI,ne ,ho
practice which christianity and civiliz,i;o,
have expelled from the law Of nations. F.,
one, am not willing to do it. NJ friend from
P!ttsylvania said, how can we 60 before our
constituents and say We have not rrpud;at.l
these claims but contributed money to H..
Yankees with which they may come into V,r
cinia and carry out their scheme OF suliuy,
ton What others NAV do ! know not hnn,
| am willing to 20 before M constituents and
say that what 7 have done ! have done in good
faith and honor, with a consciousness thar !
was truly serving their interests AID the inter.
ests Of the State.
Reference has been made to coupons. v.
idea is that less than one half arc OK ned u
New York. A large portion are owned in
Europe; so that when you think you are s,r;s.
ing the Yankees to the tune Of seven kpnGr,
thousand dollars, you are in fact inter!cr;n,
With the property Of holders in France. En-
land and other parts Of Europe; and whats
the profit you gain? AS the gentleman irr;,
Essex satisfactorily demonstrated, vou p,-
nothing. On the contrary, you throw tisc:rI
it upon your State, dishonor your s~ccvrif,..
throughout the world, and damage the eoo,i
filth OF the Commonwealth and We, in IT,
end will have to pay the money.
The gentleman from Culpeper or. Bass,r.,
stated in his speech that the present vsI,a a.;
Virginia securities was deprecated more ,b.n
halt, and he seemed to trea. the slhi=c, Is e
the credit Of the State was ut is ioses, OH
Sir, | ;hink if that is the case, the cre.... =
Virginia in the hour CT her adversely >htrri
by all means Dc cherished. Lit il lie sfrlsr
that she means to sand up true u her obI.,.
tons, when the storm Of tria, is sweeping oTr,
her, and then, when the heavens are ci,sr
when We desire to carry on the work ii PUB.
lie improvement peace being restored. W.
shall reap a far greater benefit than br pur,u.
ing the policy OF reputation which is he..
proposed.
But there is another view, Mr.. President,
which | wish to present The gentleman ircm
Culpeper pointed US to the Confederate gov.
ernment-"the government: down the hill
as the one to which we are to lock 20 carry ,n
this struggle. We shall require not Only tie
aid Of the government but the co operation O.
every State within the Southern Conitdcracy.
And if the war continues, how can We carry i,
on without availing ourselves OF the credit also
which we have in Europe?
Mr.. BARBouR-That is what | observed.
It must be upon the credit of the Confederate
Government that We prosecute the war. |
the gentleman whether after the ComnIon.
wealth has appropriated from her STATE re.
four or five million Of dollars he ex.
,.,,c cha r,l1 arnrCDri4tc more
Mr.. NORTON will answer the in'rrro,H.'.
rv of the gentleman by putting another. VIII
be stake the liberty Of Virginia upon the qce>.
ton as to the relative proportion Of 'aonry
which shall be made up by different States Tor
the purpose of carrying on the war: In
struggle Upon Virginia soil. will he ente: in.u
calculations as to how much cash Virgins Ia
advanced, or South Carolina has advance: q
Louisiana has advanced: Rather will he To-
lc!c.nd our honor and our H:csides. and pre-.
serve or glorious Confcderacy at hIy COST. creh
10 the last dollar and the las: cent that Viz
yinia can raise?
Mr.. BARBouR.-I vii. cheer!ully answer INA:
question.
Mr.. MoRToy.-When I PIT the question :"
he gentleman it was not with = view to his
giving an answer. Laughter. 1t was merely
IN iDterrogative demonstration Of ms ides
Is to the position Of the gentleman. !ao~
lis patriotic heart would lead him TO 60 .oaEy
extent in the vindication Of orr rights, s"d
that his bold, brave arm would fall as 4nlckIy
Is any other upon those who arc now %lnvadl''c
,ur soil. But | asl:. Mr.. Presidents nc
his was the point to which ! was pro
crossing, are we to treat the credit o! w
,inia IS if it were worthless as If 1t were
% bad it could be no worse? ! am s"'e
10 gentleman cntertains such q thought
we maintain the present good faith Of TIC
Commonwealth, we shall find ourselves, VIE"
this hour passes away, in the enjoyment oi s
-edcemed and regenerated credit, as We shai!
ind 4 redeemed and regenerated nation. u
IN the other hand, standing as We do h. t"r
lead OFT the coluIDn-tbe most influential Stale
n the Confederacy-we have so little regard
or our Obligations as to strike this blow al Inc
North, q precedent will be established, uPoa
which the capitalists Of the Old World, IS well
IS Of the new, may well refuse hereafter 70 ne.
,otiate our bonds, to take our loans, or suoro
that pecuniary assistance which ~e may re-
luire at their hands. This will be the lrevlis'
bic result. Lock back, for example, only
SSw years to the condition Of certain OF the
states now in the Southern Confcderacy. Lake,
or instance, the Mississippi schemes. ven,
:urc to say, that Mississippi securities cou!o
lot, for Il long time, be negotiated in the Lu'
'opean marts with the same d gree Of success
IS those Of any other State in the Confederacy'
md Mississippi probably never will have the
,cst Of credit, until those transactions nave
900 fo..atkoo IT, ,t..o ,Ha1 met t1nnn he
State has never been removed; and though TER
faith may now be as sound as that OF
ny other member Of the Confederacy. the
ensure Of the commercial world has been pro-
against her, and will follow her TO The
nd of all time. The example should DC Villa
lie to us, and il Virginia, our o@n mother,
whom We should cherish, and nour;sh, ana
.trengthen with our arms and hearts, shall. n
he beginning Of this struggle, follow IN the
ofrepudiation, it will tell not Only up
n our own, but upon the credit CT the l9h
States; and the result upon the ti''n'
ial prosperity of our government will be suc'
S every member Of this Convention and ever!
itizen Of the Southern Confederacy will ceep-
y deplore. We shall lose more than we ca"
By the miserable and pitiful saving o. ne
UNI about which we ere now legislating. IN
act, instead Of 6ee hundred thousand dollars
,e;ng saved, I doubt whether there will De u
v thousand dollars. The securities pass iroc'
and to hand, and some one will be found wac,
or a small compensation, will take the oa;A"'
to obtain the money which will be
'ur upon them, and Of course they will be INA
deprecated condition.
Mr.. BRrcE.-1 wish to know whether, ii ws
,ay our public creditors with treasury notes"
,ank paper, the said creditors being en,i;'dt9
ipccie. it is rot a violation Of the c"n'rsc: AMI
Consequently a suspension Of the debt:
Mr.. MoRToN.-In that case we are only dong
he It we can. Now, in relation to the pup
ic debt. it is payable in New York. how
An we get the money thereH If we should
Ittcmpt to ship the specie, provided We haG
I, it might be taken as c.ntraband Of war, ara
both We and our creditors would lose he
We do then the next best thI"F'
shich is to pay them in such currency a. We
nave. IF they object to this mode o! paym'n:,
since we have nothing better. they must va:
Until we can obtain the Spnc!e. The h0nrsI