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hopes such considerations will have
weight, and where he well knows iny cli ent’s humble rank can have no claim, but that to which his miseries may entitle him. I am sure, however, lie lias wretch edly miscalculated. I know none ofyou personally, but 1 have uo doubt I am ad dressing men who will not prostrate llnir consciences before privilege or power— who will remember that there is a nobi lity above birth, and a wealth beyond riches ; who wilt feel that as in the eye of that Ciod to whose ant they have ap pealed, there is not the minutest dif ference between the rag and the robe—so iu tile contemplation of that law which constitutes our boast, guilt can have no protection or innocence no tyrant—men who will have pride in proving, that the noblest adageoi our noble constitution is not an illusive shadow that the peasant's cottage, rooted by straw and tenanted by poverty, stands as inviolate from all inva sion as the mansion of the Monarch. Mv client’s name, gentlemen, is Con na ugh ton—and when 1 have given you his name, you have almost all his history. —To Cultivate the path of honest indus try comprises, in one line—“ the short and simple annals of the poor." This has been his humble but honourable occupa tion. It matters little w ith what artificial nothings chance may distinguish the name, or decorate the person—the child of lowly life, with Virtue for his hand maid,) holdsas proud a title as the high est—as rich an inheritance as the wealthi est. Well has the Poet of your own coun try, said it Princes and Lords may Nourish or m»v fade- - A breath can make them, as a breath has made ;— But a brave Peasantry, tic-ir Otmntrv’s piiite, V hen mice destroyed can vcver be suppli ed. For all the virtues which adorn the pea santry—which can render humble life respected, or give the highest stations their most permanent distinction my cli ent stands conspicuous. An hundred y ears of sad vicissitude have rolled away since the little faun on w hich In* ines re ceived his family—and during all that time net one accusation has disgraced— not one crime has sullied it. The same spot has seen his grandsire and his i»a rent pass away from tins world, and the village memory records iheir worth, and the rustic tear hallows their resting place. After all, when life’s jnuekeries shall va nish from before us, and the heart that n*m beats in the proudest bosom here, shall moulder unconscious beneath its kindred clay, art cannot erect a nobler monument, or genius compose a purer panegyric.—Such, gentlemen,was almost the only inheritance with which njy cli ent entered the world.—lie did not dis grace it—his youth, his manhood, his age, up to this moment, have passed without a blemish, and lie now stands confessedly the head of the little village in which he lives. About five-and-twenty years ago, he married the sister of a highly respectable Roman Catholic Clergyman, by whom he had a family of seven children, whom they educated in principles of morality and religion, A: who, until the defendant's interference, were tl pride oijtheir hum tile home, and the charm or the conso lation of its vicissitudes. In their virtu ous children, the rejoicing parents their youth renewed—their age made happy— their days of labour became holidays in their smile—and, if the hand ot alHction pressed on them, they looked on their lit tle ones, and their mourning ended. I cannot paint the glorious host ot feelings —the joy—the love—the hope—the pride —the blended paradise of rich emotions with which the God of Nature tills the fa ther’s heart, when he beholds his child in ail its filial loveliness—when the vision of his infancy rises as it were re-animate be fore him, aad a divine vanity exaggerates every trifle into some mysterious omen, which shall smooth his aged wrinkles, and make his grave a monument of honour! I cannot describe them—but, if there be a parent on the Jury, he will comprehend me. It is stated fo me, that of all his children, there were none more likely to excite such feelings in the plaint ill', than the unfortunate subject ofthe present ac tion—she was his favorite daughter, and she did not shame his preference. You shall lind most satisfactorily that she was without a stain or imputation—an aid and a blessing to her parents, and an ex ample to her younger sisters, who looked uu toiler for ‘instruction. She took a pleasure in assisting in the industry of their home, and it was at a neighboring tnarket where she went to dispose of the little produce of that industry, that she <iin »iv t' n iiiv uvuii uir ucinitinm., . Indeed, such a situation was not without its interest—a young female in the bloom of her attractions, exerting her faculties in a parents service, is an object lovelv in the eye of God, and one would suppose estimable' in the eye of mankind. Far different, however, is the sensations she excited in the defendant. He saw her arrayed, as he confesses, in charms that enchanted him—blither youth, her beau ty, the smile of her innocence, and the piety of her toil, but inflamed a brutal and licentious lust, that should have blushed itself away in such .1 presence. What cered lit- for the consequences of iris gratification '—There was .No honour, no relenting truth, To jiaint the parent's fondling o'er the child, Then them the ruin'd maid, and her dig t no tun wild! What thought he of the home he was to desolate ?—What thought he of the happi ness hew is to plunder'-—His sensual ra 1»inc paused not to contemplate the spea ring picture of the cottage ruin -the blighted hope—the broken heart—the pa rent's ftgouy—and last and most wither ing in ttie woeful group, tin-w ref chid vic tim herself starving on the sin of promis cuous prostitution; and at length, per haps, with her ow n hand, anticipating the more tedious murder of its diseases: He need not, if lam instructed rightly, have tortured his t mey for the miserable con sequences of hope bereft, and expectation I plundered, 'i niough novery distant vis- j itt. hr might have seen the form of dcser- ! te.i lovimcss weeping over the worthless- j ness of Iris worldly expiation, and warning .ym, that as there were cruelties, nort pu.ti.nc* could a tone, so there were suf fering • neither voalth, nor time, nor ab sence, could alleviate.*‘-»Wf hu memory should fail him—if he should deny the picture —no man can tell him half so cth cii ntly as the venerable advocate lie has so judiciously selected, that a case might arise, where, though the energy of native virtue should dety the spoliation of the person—still crushed affectum mi dit leave ail infliction on the mind, perhaps less deadly, but certainly not less indeli ble. I turn from the subject with an in dignation which tortures me into brevity. 1 turn to the agents by which this conta mination was effected. I almost blush to name them -yel they were worthy ot llicir vocation. 'I’hey were no other than a menial servant of Mr. Dillon, ami a huse, abandoned, prof ligate ruffian ; a brother-in-law of the de voted victim herself, vv hose bestial appe tites he bribed into subserviency !—It does seem as it by such a selection, he "as determined to degrade the dignity of the master, while he violated i!u* line im pulses ot the man, by not merely associ ating with his ovvnscrvunt, but by diver ting the purest streams of social affinity into the vitiated sewer of his enjoyment. Seduced by such instruments into a low public house in Allilone, the unhappy girl heard, without suspicion, their mer cenary panegyric on the defendant, when to her amazemeut (hut no doubt accord ing to their previous arrangement,) he entered ami joined their company. Ido confess to you, gentlemen, when 1 first perused ibis passage in my brief, I dung it from me with a contemptuous incredu lity. V* hat ! I exclaimed, (as no doubt you are all ready, to exclaim,) can this be possible *. Is this the employment of the miserable aristocrucv that yet lingers in this devoted country i—Am 1 not to find them, not in tiie pursuit of useful science—not iu the encouragement of arts or agriculture—not iu the relief of an impoverished tenantry—not iu the proud march of an unsuccessful, but not less sa cred patriotism-not in the bright page ofwailike imiiioilality, dashing its iron crown from guilty greatness, or feeding freedom's laurel vvtlh the blood of the des pot ! But am I Co find them amid drun ken panders and corrupted slaves, de bauching the innocence ot village life, and even amid the stews of the tavern, collecting or creating the materials of the brothel!!! Gentlemen, I am still unwil ling to believe it, and with all the sinceri ty ot Mr Dillon’s advocate, 1 do entreat you to reject it altogether, if it benot sub stantiated by the unimpeachable cor roboration of an oath. As l am instruc ted, he did not, at this time, alarm his victim by any direet communication of his purpose ; he saw that “ she was good as she was lair,” and that a premature -.. w .couiv um tiiiiim i.u virus*; in to an impossibilty of violation, lli* sa telites, however, acted to admiration. .. They produced some trifle which he had left tor her disposal —they declared lie had long felt for her a sincere attachment —as uproot that :t was pure, they urged the modesty with which, at a first inter view, elevated above her as he was, he a voided its disclosure—when she pressed the madness of the expectation which could alone induce her to consent to his addresses, they assured her that though in the first instance such an event was impossible, still in time it was far from being improbable—that mativ men from such motives forgot altogether the differ ence of station—that Mr. Dillon’s own family had already proved evcr\ obstacle uimht yield to an aii-powerful passion, and induce him to make her his wife, who had reposed an affectionate credulity on his honor! Such wore the subtle artifi ces to which lie stooped. Do not ima gine, however, that she yelds immediate ly ami implicitly to their persuasions; f should scarcely wonder if she did. Ev ery day shews us the rich, the powerful, and the educated, bow ing before the spell of ambition or avarice, or passion, to the sacrifice of their honor, their country and their souls; what wonder then if a poor ignorant peasant girl had at once sunk before the united potency of such temp tations. But she did not. Many and many a time the truths which hud been inculcated by her adored parents rose up in arms—and it was not until after various interviews and repeated artifices and uniting efforts, that she yielded her faith, her fame and her fortune to the disposal of her seducer. Alas! alas! how little did she suppose that a moment was to come, when every hope denounced, and every expectation dashed, lie w as to fling her for very subsistence on the char ity or the c rimes of the world she had re nounced for him * How little did she re flect that, in her humble station, unsoiled and sinless, she might look down upon the elevation to which vice would raise her! Yet, even were it a throne, I say she might look down on it. There is not on this earth alovlier vision—there is not fnr tfir» el/inu o m/.t-o • A... .I'wLi.. than a young modest maiden, rolled in chastity—no mutter what its habitation, whether it be the palace or the hut— “So dcnr to heaven is saintly chastity, That when a soul is found sincerely so, A thousand liveried angels lackey hi r, Driv ing far oif each thing of sin and guilt. And in clear dream of solemn vision, '\ ell her ot thing* that no gross ear can hear. Till oft converse with heavenly habitants, begin to cast a beam on (he out war-1 shape, The unpolluted temple of the mind. And turns it by degrees to the souls essence, Till ail lie made immortal,”. Such is the supreme power of chastity, as described bv one ofoiir divinest bards, and the pleasure which I feci in the reci tation ot such a passage is not a little en hanced, by tlu* pride that few countries more fully afford its exemplification than our own. Let foreign envy decry uu as they wlli, v/iaitih/ is the instinct of the Irish female - tlie pride of Iter talents—the power of her beauty file, splendor of her accom plishments are but so many handmaids of this vestal virtu, —it adorns her in the court il ennobles her in the cottage— wln ther she basks in prosperity or pines in ’onrow , if clings about her like the dia mond ot the morn mg on the mountain flowrel, trembling t v i n in the ray that at once exhibits and inhales it! Hare i our land is the absence, of this virtue. Thanks to the modesty that venerate• thanks to the tninliiiesstlr.it brand* and avenges its violations. \ ou iiavcjceu that it w.is by no common temptations even this bumble villager yielded to seduction. I now come, gentlemen, to another fact in the progress of tios transaction, betraying in my mind fcs base a premeditation,' and as low as deliberate deception, as I ever heard of.— NVIiile this wretched creature was in a kind of counterpoise between her fear and her affection*—struggt ng as well as she could b»’lv, jell passu,II Cfdhum-d and v:r j tu<* utiextingnishcd, Mr. Dillon ardently I vowing that suoh an event as separation I was impossible—ardently vowing an e» : tcrnal attachment, insisted upon prrtect I ing an article which should place her a bove the reach of contingencies. :<■?* 'the conclusion of Mr. Chillips's plea, i.i our next paper. t'/uu lestmT, i\<»<e ruber 25. By the fast-sailing ship Isabella, in the short passage of 28 days from 11a ! vre dv Grace, we were favored with the following translated articles. Nothing of importance has recently transpired in France. The harvest had Mot been com pleted on the 20»h October, and tears were entertained that it would full very short. Paris, October 20. Some foreign papers say that the Gov ernor of Smyrna was banished forgiving an assylum to the generals Savauy & LaLI.EMAND, without the order of the Grand Seignior; and that the Aga of the Janissaries and six others of that body w i re put to death. * French Chamber of Deputies. O! 2>8 members, that the Chamber ought to consist,of we find that 1(17 of them lire of the last Chamber dissolv * d bv tiie ordinance ofthcothSeptember. The two Deputies of Corsica are not vet known. The Departments of Manche, .Mnyciiuc, Covedor and Basses Alpes, bad no election. The Departments of Alsne, Eure, Nord ami Orese were not able to complete tlie.ir elctions, tin ac count of a misunderstanding among the electors: so that the Chamber of Depu ties is only 287 instead of 258. Charleston, November 27. LATEST FltOM ENGLAND. Last evening arrived at this port, the fast-sailing ship Union, Capt. Dost, in 29days from Liverpool. By this arrival we have received London papers to the 25th, and a Liverpool Brice Current of the 26th October. The papers contain nothing particularly interesting—a few articles are extracted. A Paris article of October 20, states, that the grain crop of the present yearwill exceed in quantity that of the last; though in quality some of it is inferior. from Messrs. Lodges V Tooth's Pri.ee Currcnt, politely furnished us by Captain Post, we quote the following state of the market:— Pot-Ashes plentiful and dull; pearl do. scarce, hut thedemand limited; Upland and New-Orleans Cottons, steady, ami not expecten to be lower at present; clo ver-sced will be scarce the next sowing season ; flour, wheat and rice, are still looking up—the ports will no doubt be open for the admission of grain and flour next month. The average price of wheat in the maritime districts, being 8jj per Winchester quarter. The demand for tur pentine and tar has improved; good staves are in request. London, Oct. 20. HAMBURG PAPERS. This morning we received Hamburgh papers to the 17th inst. being a day later than any which we could have received by the mail. They contain some authen tic and interesting particulars of the late occurrences at Smyrna, in which the re gular Turkish government seems to have taken a decided part against the turbulent and unjustifiable conduct of the Algerine pirates:—it was, in fact, for aiding and uhcLting these marauders, that the Turk ish Governor of Smyrna was put to death. FRENCH PAPERS. Justas our paper was preparing for press, we received the Paris Papers of Friday, Saturday, and Sunday, being all those now due. General (or rather Marshal) Grouchy has been put upon his trial, for his treachery to the Duke of Angouleme, in April, 1815; but the Council of War, after some quibbling arguments on the part of the Marshal, declared themselves incompetent to try him. Marshal Soult has not sailed for Ame rica as reported. He still resides in ob scurity at Dusscldorf. Warsaw, Oct. 7. The day before yesterday, the Empe ror reviewed twenty-live thousand Polish troops—he expressed the greatest satis faction at their fine appearance, embrac ed the Grand Duke,and testified towards him the warmest sentiments of grati tude. According to the last resolution of the Diet of the Duchy of Warsaw, the Mili tary Conscription for the Kingdom of Poland is confirmed. The drawing of lots will shortly take place, in order to complete the Polish army to fifty thousand men. The Emperor's return to St. Petcrs Inirgh, is lixrd for the 18th instant. Constantinople, Sept. 10. The new Russian Ambassador, Baron Strogonow, arrived on the Oth of Sen 4__ I_ ..4 !>*..! .1_ .. a. winch brought him,will carry Count Ital insky to Home. ft if, Sr fit. no. Many former officers ot Bonaparte’s army have repaired on board sinali ves sels to the American squadron noweruis ing m the Mediterranean. In the country of Brescia, all the stocks of arms are buying up at high prices by SpaniaVs and Americans. London, Oct.‘Z t. It is definitively settled, that the Duke ofkeut will shortly lead a continental Princess to the liymeiiiai altar. Par it, Oct. 20. According to recent information from the Ministei of the Interior, the state of the. harvest in 1810’ is as follows:—In 74 departments, 4(> have marie a good har vest. The harvi st of 20 of these deparl m. nts is superior to that of 1814, which whs very abundant ; that of 21 others may be considered as equal. In spite ofall I be inclemencies without example of thcxcason, we may be assart'd, that in general, more grain has been got in this year in France than in 1815. The con sumption of new corn beginning later this year than ordinary, there w ill in all probability, be an excess in the resources destined to support France till the harv est of I b 17. It is true that the uualdv of part ot the corn ha« been altered by the wet, but it has not lost by that its nutritive quaht-, and as precautions will be taken that private interest recommends and et p ricnce points out, there is little doubt that a gr at part ot that w ill be found ve ry ti set id. Late tec&diita from the Sp«Di»U Maine, rfeei-1 erl ut St. Inomas, repiefcent tlieopefationacf | tin* Patriot torcesas successful iu every rencon- J tre ; they had captured the city of Caraccas A: j Lujtumv uuu carried tlieir arms as far to lee ward as Porto Cabello, of which they arc in pos session, from Orouoke down. DOMESTIC. ' Washington, Nov. In announcinp'some days ago, the recognition ol'Jmyuiu Joze Vasques, Junr. Esq. us (Consul General ot the Kingdom of Portugal, wc omitted t-» mention that he had received that appointment ml interim onlv. On the authority of the Philadelphia papers, we stated that Cliillicothe had been fixed on for the. establishment of the Ohio branch of the U. States’ Bank. We learn that the northern papers were incorrect in this particular, and that Cincinnati is the place selected by the Directors of the principal bank. An amendment to the Constitution lias been promised in the Legislature of Massachusetts, in the following words. It has a reference, no doubt, to the Congressional compensation law: “ N’o law varying the compensation for the services ot Senators and Ilf presentatives in Congress, shall take effect untill an Election of Representatives shall have intervened.” November .10. There arrived in thiscity vestenlaymorning, led by (>en. M’Iniosh and by Major Daniel Huo.hks, United States Factor, eight Chiefs and Warriors, deputed by the head men of the Muscogee or Creek nation, on a visit to the President of the United States. Of theobject of their visit we are uninformed ; hut they are, we learn, invested with full powers to treat on all point" relating to tlieir nation. This De putation is composed of the principal officers who enrolled early in the Creek war, and who, under M’intosh, co-operated with Maj. Clou. Jackson during the whole war, and latterly with their leader, marched against the Negro Fori on Vpaluchicolu which they united wath Col. Clinch in the destruction of. VALUABLE ARRIVAL. The ship Clide,in 10(3 days from Calcutta, ar rived at Salem, last Monday,with a rich cargo. It is computed that the duties she will pay to government will not be less than seventy thous and dollars. Boston, November -3. The ship Galea, Tracy, for London, will sail this day, wlud and weather permitting. Pas senger*, AlexanderH. Everett, Esq. lady, and servant, Captain Swaine and lady, and several others. Mr. Everett i* bearer of despatches from government to our envoys at London, Hague, Paris, and St. Petersburg. November 2(>. Yesterday the U. S. ship Prometheus, Lt. Wadsworth, arrived at this port 30 days from Crons tad t. The Prometheus sailed from Bos ton for Russia in August last, to darrv out Mr. Coles with dispatches, has performed her voyage out and back, in 101 days including 26 davs that she lav at Cror.stadt. Mr. Coles was left at nt. Fctersourgh, the emperor reins: ab sent froruthe scat of Government. L,t. Wads worth has brought dispatches for government, but it is uotlikely that any event of importance in the negotiation had t'akeu place since the departure of Mr. Wver who has just arrived at Washington. Wo do not learn that Mr. Harris our Consul ar.d Charge des Affaires, had re ceived permission to appear again at court in his official character. [Daily Adr. Philadelphia, Nov. 27. The President and Directors of the Bank of the United Stales, yesterday ap pointed John Sergeant, Esq. as Agent for the Bank, to proceed to Europe for the purchase of Specie—We understand that Mr. Sergeant will sail for Europe by the first vessel.—[Z?-w. Press. By the \ew-Castle Steam Boat which came up yesterday afternoon, capt. Ans lev anil the supercargoes of the ship Ben jamin Rush, came to the city, and inform, that the ship had a passage home of 129 days from Calcutta, that the Missionaries that went out in the ship wore in good health, and that the Benjamin Rush brings a return cargo for Edward Thomson, Esq. the owner, of the value of eight hundred thouvand dollars. November 28. R\NK OF THE UNITED STATES. The General Board of Directors, on Wednesday, proceeded to the appoint ment of Directors and Cashiers, for five of the Branch s of that institution. The following gentlemen were agreed upon— For Boston—William Gray, John Par ker, Nathaniel Silsbev, Israel Thorndike, Geo. Blake, Thos. II. Perkins, Amos Bur ney, Tristram Bernard, John C. Jones, Arnold Wells, Jesse Putnam, Barney Smith, Gardner Green.—Cashier, Samuel Frotliingham. For Ncw-York—John Jacob Astor, Pe ter II. Schenk, John Hone, John Clen deonin, Gilbert Aspimvall, Henry Eck ford, David Gclston, Henry Ranken, I eaac Islin, Francis Depan, Thomas Knox, Thomas Lawrence, Archibald M'Vickar. Cashier, Lynde Cailin. For Baltimore—James Buchanan, Cha's Ridglev, (Hampton.) Jas. W. Patterson, Robt. Gilmore, jr. John M’Kim, jr. Thos. Findley, Lemuei Taylor, Nathans I Sal tonstall, Wm. Wilson, jr. Geo. Hoffman, Christopher Deslion, Roswell L. Colt, \ mos A. Williams.—Cashier, James W. M'Cullongli. For Charleston—Christopher Fitzimons, Win. Turpin, J. E. Stnnmet/, John Pot ter, L-uigdon Chevcs, John C. Taber, John Stoney, Robert Maxwell, James Inlmcnn l.nko Griodn-i-.m E.l.n II./....., lee, John M. Hopkins, John Robertson— Cashier, I’eter Bacott. For Srw-OrUans—Benjamin Morgan, William Kenner, Greenbury Dorsey, John Longfree, W illiam Flower, Dav id Talcott William Flood, Richard Butler, W. w! Montgomery, Benjamin Storv, Isaac L. M'C'oy, Thomas B. Johnson, C. C. Wood ward.—Cashier, Joseph Saul. it is stated on the authority ofletter received at New-York via Boston, “that on the f»th of October last, the Bay of Honduras was open to the American com merce." Hall ',more, Sav. 20. It is a curious fact, that many of the Cotton Manufactories in the U. States are idle for want of a supply of the raw mate rial, while the demand of cotton yarn A domestic manufactures from cotton lias greatly increased, far beyond the ability of the Manufacturers here to supply, for the reason above rneniioiifd. it is, how ever, highly gratifying to know, that the Southern 1‘lantcrs may be certain of find ing a market in the United States, which will he equally advantageous, while it will be more convenient, ruore safe to them, and more beneficial to the nation, than if their produce should be sent to a foreign market. _ , W-uhtogten, (Ken.) Nor. 19. C.0*. C l;e w i.li4ms has bceuappointed by the President of the United States, agent for the United 'states W es tern Koad, from Hrown^viile to Wncelitig, via Washington aud West Alex andria. We congratulate the public on the appoint ment of (lul. Witbum*, as United State* agent for this part of the r*ad; he lias given general satisfaction in locating tm* road : and with the tfuntsvilk, f^cwt.) Oct. e. | AH wltiffc men settling on Cherokee l lands, ami who have not a written perm it from the Agent of the nation, arc hereby ordered to drive off their stock within 20 days, and remove themselves and fami lies within 30 days utter the date of this. All individuals not 'attending to this noti fication, and those who may be found hereafter trespassing on the Cherokee Territory, will be prosecuted to the ex tent of the law, and their stock forfeited to the public. ANDREW JACKSON, Major General Com’g. H’.ClIUOND, DECEMBER 3, 1H1G. VIRGINIA I. EG IS LA TVRE. HOUSE Of' DELEGATES. SKETCH OF THE DEBATE, ON TUB SUSPENSION Bil l . Frida ft, November 20. Mr. Marshall said, that he would make a few remarks in opposition to the Substitute before the Committee: that it did not comport with his own inclinations orthe wish of the House, to occupy the place of a far abler advocate; but that he would only touch on the promi nent points of the question,and not impose too iTK.u u tax on the patience of the Commit tee. His first objection to tlm Substitute was its great injustice. If the Stockholders of the \ ivginia Hanks had the same controul over the. Directors, as in other banks, such a mode as the Substitiitereconiineiids,would he as just as could lie propounded. In that case, the on l\ question would ho as to tile expediency of the. plan—But there is no controui. The Di rectors do not care, whether the Stockholders are pleased or satisfied w ith their conduct; for they look to other penums for their places_ Was it not then unjust to punish the Stockhol ders for the conduct of the Directors which they themselves cannot controul ? The’ rentte ni.m tiom ( hestcrfiold had said, that you make it the interest of the!stockholders to resume specie payments bv suspending their divi dends ; but the gentleman from Norfolk had correctly saijl, that the Stockholders had no sort ot controul over the Directors—they be tiig appointed either bv the Treasurer, orthe Executive Council.—One gentleman had said, tn.it the poor class ot the community alone would be affected ; another, that the rich, and that the proposed scheme would re found erreatly to their profit. But what is the f.«rt> AS thf* (yptitUmnn from V* 11 i i • said, there is no contrariety between t|10.se statements; all would be affected. But on whuh class would the suspension of dividends brar most heavily? The gentleman from " y the had correctly remarked that the rich could withstand the pressure ; but what does he sav to the widow and the orphan, whose subsistence and education, as had been trulvob serveil by the gentleman from York, depend ed upon their dividends? Even, though the House might be dazzled hv the eloquence of the gentleman from Norfolk, there was a fcel ing in our hearts which wonld reject his propn Rition. But the gentleman from Norfolk has devised a way for avoiding this evil; he «avs that the Directors can allow the poor a dis! count, equal to the amount of their dividends In this case, wc have a singular example of a geeat man being at war with himself—Mr. M. had heard of the arfeumentum ad homhibut this sort of argument, might truly he called,for vvantof a hetteruame, a fdode xe.tl'or. ifthere he nothing m the law that forbid* humanity lending to the poor, what will prevent it when interest seeks the same ? If the directors can do it in onecasc, why not in another'—But the gentleman says, wo may r v on their discre tion ; that lie has fnli confidence in .hem; and that if we had not, the Treasurer and tlic Kx ecutive Council, would sec th. r they did their duty. Mr. M said that ho thought the Treas urer, and the Executive Council, had as much to do as would occupy them in the ordinary hours of business ; that they had not time to go to the Bank, «v see who received money; he hoped if the House added to their duty, it wonld also add to their salary; but that thev had no right to inspect the private accounts oi individuals; even the legislature had no right, under the charter, to inspect these ac counts, and that they could not pass a dispen sing law—Would there not then he greatscopc for partiality in the Directors? As men, Mr. al- might know them; as men, lie might trust them; Imtlie knew them not on the tbor ut that house—all laws should he made **eierol i wiilm.it any particular reference to tut per soiial character of the Directors.—Nothing w as easier than for them to grant a credit to the whole amount of the dividend. Tliev would ho d ample security in the stock of the Stock twiners. But whether the Substitute were efficient or inefficient, lie had another, and if possible, u greater objection to it,in its unceriaditv One person would construe it in one sense. • and an ot,.r^ 1,1 another—Sonic would suppose that relief would be given, that discounts would he I granted ; others, that thi s were denied by the I law—there would he ample scope for specu lation; , forks would tall ; the necessitous, the widow and the orphan, would becom* victim'; to that vast horde of speculators who prowl through society. * Hence Mr. M. inferred the necessity of fixing n particular day—In this respect, the' hill w as superior to the substitute; but he wasno advo rateot the tune fixed in tlie bill. Why might not the banks commence with the payment of their one and two dollar notes? This mi-lit ,c,u a gener.ii resumption of spenr payments. The restoration of con tidence would begin in the towns, as soon as they tonnil that on the presentation of checks they could obtain the fractional parts of a dol lar; then one and two dollar notes; until they ascended tonotes of the largest denomination rhe intelligence would fly on the wings of the wind ; it would require no newspaper tocirru late it. What is the. consequence i An imme diate appreciation of the Hank notes; they would rise to tiie metallic standard; Youtf dencc being thus restored,finding that specie could thus be obtained, what would become of the mob and the concourse of people, which bad been spoken off Who would come to Richmond for specie, when the note would an swer the same purpose ? Who would encomi to market*?' 0* bnn’inf? al1 ,,IS smal* notes • ,!?.e. ^“nks did not commence by these imperceptible degrees, still the means that they would pursue, would create such a demand for the notes as would prevent their return to the banks, for, by the flay which should be fixed on lor the resumption of payments, they would lie compelled, by the curtailment of tiieir dis counts, by the sale oftheir public stock, ft other means, to call in their paper. P.ut how far would they be obliged to call them in ? No far tner, t.iun to leave a sufficient (lunntity in cir culatiou, tonnswer the daily interchanges of th community. Suppose they began to southed public 'to' k, tor example ; as they draw in the notes, tuey rise in value, until they become «o scarce, as to ri«e to the value of specie- This was no new principle; it had been particularly developed, in a very enlghtened No. of the Ed inburgh Review -that the value of these notes depended upon their comparative abnndance without any regard to their intrinsic value- In’ the same manner, if the hunks should refuse to receive any notes but their own, they might raise their value by curtailment* of their dis counts ; and the reason was, that they would be daily wanting in the community for ex changes between individuals, between \ Ac y “^r.;T^li,nprLnci»l,P ml*hf carried* so lar, that if the Banks chose to ,efti*e specie ■nnarin* ** P«ve them a value super .or tospecie.—Whenceihcn this mob this concourse of people to niehmf>nd ; t^ pia.A ^^O^^I^^jjjj^W^vvhenthe he vast regions of the West. Many of iLpr^ uve been carried away by emigrants; thrv ire abundantly ditluseu over North-Carclin", uid Tennessee—do yon think that they wji; :onie from thence, into a general scramble ?— No man cancel specie from the hank, unless be has his token; his bank note; but it would be just as easy lor him to obtain the specie as the note with a view of drawing specie Iron, the bank.—This led him to another idea of tins gentleman trot a Norfolk ; that the hanks could uot pay specie, until they had reduced their paper very near to the amount of their spocii/ Hut when the amount of paper in circulation is too much reduced, one of two couscquetu i 3 must follow ; cither a worse circulating mcUi. uni would be introduced, or specie must you* in : because the community must have a cei tain quantity of circulating medium for tlu ir ordinary exchanges. lint, as the gcntli man says, a good and a bad medium cannot circulate together—It will then depend upon the bank themselves, whether we must have specie « a worse circulating medium. 11'thev can 'hi ♦ will not pay specie, and they reduce too mm.i, their on n paper in circulation, a worse me,!;.., will flow in—individuals will hoard the belt notes, and the banks, when thev do 0Ucn vaults, will find these hoards of notes , „, , accumulated in a few hands, presented to’ them for the purpose of drawing the specie —Thu. by too great a reduction of their paper in market, they even increase the diffieultv H returning to snecic payments. * 01 Mr. M. confessed. that he had been dazri,.* bv the eloquence oftbegeiitlemanfromNorfolk who h id erectedso a splendid monument to |,W own tame: but that he could scarcely recol jpi t any thing; or.ly that its fmind’itioh rested in sand— I hough lie was not satisfied with hu arguments,his fancy had been delighted 1 hat gentleman had made a powerful annesl to the different interests represented on that floor—He had touched a tender string, when h*i?*krf ,.h!' «f tobabco wheat w ill relish the tall of their staple articles. Hut must Mr. M. remind the House, that as “ on lessen the quantity of mon^V in circulation von increase its nominal value. What is itto’ tlm farmer, if he gets less money for his produce if lie can get more value tor his money > It is vulgar error to suppose, thata man is -rettina rich, because he gets more money for his nrl" dncc. Rut is there a man in this'cjtv or in five country, who has not felt the evils of depreci-t tion ? Whothat remembers the sad davofoar old paper money, that does not shudder at thn return ot the iron age5—1 f the farmer gets more of the depreciated inoiiev from the merchant he must give him more for his goods. Who win lay up money fo, liis own use or for i , children, when it may fall to-dav fl per cent to morrow 12.—When a man puts 10 or 12.00!)i|n| lars in his pocket, can hesav, lie is really worth that sum?—But, approach the metallic' stand ard, and :n the same proportion you have seen, nty for yourselves and children.— As von r»> rode from <W, vou lower the compensation of all your salaried officers, and of every labourer wno works for certain xvajjes a day* for it i« some time before they find out the depreciation and regulate tlieir wages. The gentleman from Norfolk had said this re duct 1011 of price was thcericct of fixing a parti cular day, and of the consequent curtailment ot discounts; hut Mr. M. entered into numerical calculations to prove that the banks could rettm to specie payments, without anv curtailments - lip sain that the whole amount of tUcfe nnt#.* ana .deposit* was S 5,007,580 GO—Amount of specie on hand 1,G!J8,0IG 17, or in the proporti on nearly of one to 3’,—hut, that if they would sell their U. S’s. stock S3G7,000at 00 tlieir State stock—their foreign notes at I If' « ent .uscount -appropriating their undivided fronts to this purpose, and reservin'* their Treasury notes, *c. to pay their e\pences,thcv would by suclian operation draw in about <’,* 500^75 in theirpaper, which being deducted from their notes out. would make theproporti* on between theirspecie,and their notes St de posits, about 17 to t1,oruoar1v as 1 to 2\. Mr. Austin said, he was neithera director nor stockholder, nor much acquainted in the sei ence of banking ; but deemed it hi* duty to throw his mite into the scale of mstice.—Dur ing the last V. inter, he had considered the law before the Legislature as impolitic and unwise —b jt tliat expenenef1 and reflection had chan ee l his opinions. Why was it a had law i Had 1 the community experienced,anv loss? Are not i its? prcparin»>Jto resume specie pay iL?ir' v;hcn we approach these tkii.k-, we should find it was a suhiect interest mg to every man in the community. What is a bank ? Is it not thecreature ofoiirown creati on . And shall we make a golden image, and fall prostrate before it?—The gentleman from Norfolk has compared the operations of a bank to the functions of human life—but instead of performing its proper p;,Hof those function* shall we permit it tivasanme the whole-to be’ the blood; the heart,every thing ehe ?—The po litical body must have a circulating medium tins i* the blood of the br. 'y politic: but, these banks l>ke a quack d-.Har, has drained us ofe verydropot vttr! blood—and what medium have they substituted in its place’-They have poured a mass of paper currency into the com mun’fy. ,; is toe iutero«tof fhepeople to have a pure :>,rcn rpedinm; hut, is it not thein ■ n • • c.- t ie p -.its to beep this paper medium, crmsmnflv e,; md^rntfh He hoped that tlic H mse v. on sliced hv the eloquence ofthe gen»: rn;;r from Norfork fror^the duty v inch it c wed to the people-tf.Vc should recol lect aatweargthe body polifte. and the bank ouly one of its members. It U the interest of the comm unity to ha ve the true and genuine Idoed gold and silver, instead of paper—bur, if We have been led awav from thi* system, we * ou,£;1 ‘f> resume it as soon as possible..} 1 e re are two questions before the (iommif lee : One is whether the hanks shall pay «pr cie on the lothof July? And another, whether tin y shall he permitted to roam at large ? Bui why cannot they meet their engagements in Ju } ■ ~ y'*'!,r vfV,”<1 have been closed ever since June, 1813—they have had three years’ indul gence. Is not commerce now restored .? Has not every flung else returned to its former sitn . , .Ir,hey do not pav hv next .fulv, he Hiould de :re to know, tvhrn they would pav — Though they may share smaller dividends on their stock, yet the interest of the community required that they should comply with theiren gAgements. IV hat would he thought of a mer chant, who would issue his paper as long as any body would receive it, hut when required fore deem it, would absoluteiv refu*e ? He had been i ' inoutgenec, on arconnt nf the embarrassments produced bv the war; bti. when the good effects of that law were dc monstrated to him, he would not repeal it. Tic. however, considered the Substitute as a virtual repeal ot it. Hut the gentleman from Norfolk ha I remark - cu, that it was odious to sue the hanks at com mon law. —Would it not heerpiallvsn undcwthis law, which allows a.judgment at’ll) days* n« ticc r If the bauiks esnope the one,con they not the other r (t their intlnenee In- sm-h as to make it odiousjinder the common law. why should they dread this new law ■'—Rut ih-true reason why the hanks were not sued ut com non ,a£ VS/ of ♦he expence and d<lay which it would necessarily inmr. \ poor man would rather sell Ins notes at a little discount than coinc to Richmond to sue for the spe cif. * Anoth-r observation of that gentleman was. that h mV stock w:ls falling in its value, Moansc the directors had in fact been dividing ac I sh ring the principal among the stockholders. Mut, a more solid reason for the reduction wa«. because the hanks formerly made !ar-cr divi dends than they do at present. The more pa per thev have afloat. the more interest they r* ccive ; the more the interest, the crcater the di vrlcnd; and the greater the dividend, the high r the 'dock, which commands it—bm. the law of the last legislature compelled them to draw Vi Pi‘Pc.r 1 with the diminution of divi dendstheir stork has fallen.—Bnt, let them run V' libitum r,nd m spite of the imaginary dc |ruction of their principal, «s staled by thegen tlcinan from Norfolk, their stock would soon resume its former vain*. Suppose, however, this Snhstlfufc should b* adopted, what effect would it have on tin* peo pic in the country ? Merchants sue; judgment* arc obtained ; and executions i<-*nc -how will they be. satisfied ? either they must receive bank-notes, or specie, ifspccicls not to hen'1 turned, will you compel the creditors to receive this pnt,< x> Are you notbonnd then to pro ced pnri P'issu; and to continue the execution law ' until has been contended. Ibat the Rank* ♦’*« day ofonrdistrc*** and are therefore entitled toin bilge i c Now.