Newspaper Page Text
> - mih hilt ll WOUM t?nii?h
graceful to Geiv Je?up ?? him ?? the re
the reputation of the country, J**j ls j I t,kud
pre,. "Ut.ve of lb?jeuunjGeneral Jwiip's
the goolleiittn Iruii jl ^ ^
rirrtTlWSSf?!Sh r?? m...
had been ,?* . Jc?up alone waa roapon
S^riheg^uUem...'. informal."" did not enable hi.u
.n.wer I deemed it proper to communicate the
I . ?f the statement made by the gentleman tioin
V ?. to Grneral Je?"P < >? d?Y before yealenUy 1
1253.1TJLh i?? ?? no
?r engagement ?? that staled U> have been made w?
ever thought of: every ??<le ?
Irhohola so f?r as depended upon me. <M"" J;" 1,4 1 J,n
!?3, ha. been faithfully fulfilled hue, air, ?
direct contradiction it given by General Je?,'P u> ,h
n L.nnai.oi. communicated to the House His letter
evincta a desire to have the "whole subject of the war
,n Alabama and Florida investigated Iu*^ "[
shrinking from it. he mv.tea it H.a language la: Let
SSI., .nd |Mper? be sen, for ; let investigation be
unshed to the utmost. I have nothing to fear
\lr WISE vindicated himaelf from having, in lua
own peraon, made the charge, at all he had stated it aa
? | J been staled to him : lie rejoiced to hear he Ian
..naue of Gen. Jesup in relation to it: but metaled that
fhi* very reply went to .how the importance ol the in
....ti.ralioiiTie advocated, that justice,might be done to
.he innocent, while the guilty were eipoewl.
Mr | SDKKNVOOD exculpated Mr. W from all
blame ill the matter, and expreas?d approbation ol his
course a. an honest discharge of hie duly.
The hour hsfWijj expiro3? the House resumed the
consideration of the
The q.ieation liemg on ordering to Ha third reading
the bill from the Senate, impoaing additional dutica, aa
depositaries in cer.a.n cases, on public officers
Mr WILLIAMS, of Iennessee, moved to lay the
bill on the table, but at the request of Mr Claik of
N.w York, withdrew it. for the purpose of affording
Mr C an opportunity of submitting some remarks
' Mr CLAKK then addreeeed the Chair as lollowa :
Mr Speaker I do not rise to discuss the merite of
the bill or to express any opinion in relation to them
1 should have preferred that motion had been made to
postpone its further consideration ..nlll the first day of
the next aeaaion The subject matter ol the bill is one
on which there is, among the frienda of ilie Administra
tion a difference of opinion, and, I have no doubt, an
honest difference The gentleman from South Carolina,
a friend of the Administration, in his remarka yesterday,
resetted that he should tie called upon at thie time for
final action on the bill. He preferred to wait until an
opportunity should be afforded to him to ascertain the
wishes of his constituents In these views 1 concur
In voting for the present motion, I shall uo *o lor the
same reasons which would influence me to vote lor a
postponement until the next session, considering the ef
fects the same, neither of which determines ihe ultimate
fate of the bill. The vote I am about to give will fur
nish no evidence of my opinion as to the merits of the
bill, or of my action on the question of its final passage
The Sub-Treaaury scheme.considered as an Administra
tion measure, is novel. In I83.r>, it was proposed by
the wings in Congress, and received the unanimous and
vigorous opposition of the democratic members. Whe
ther ir is possible for the opposition to originate a good
measure, I will not inquire. Thev have, however, been j
unfortunate in presenting at this session anv measure, i
good, bad, or indifferent, always saving and exepting
their sovereign remedy, their universal panacea for all
our fiscal maladies,.the Luited Stales liank.
I repeal that this measure, as a democratic one, is
new. Public opinion has not been sufficiently enlight
ened to draw any correct conclusion of its dis|>osiiiuii
It lias not been, to any considerable extent, the subject
of discussion, either in the social circle, or in the prima
ry assemblies of the People. And ihc same remark is
true as regards the newspaper press 1 doubt whether
five country |>aprrs m the State of New York, previous
to the session of Congress, had canvassed this p'roject,
or given any opiniops thereon. I he Albany Argus, tho
leading democratic journal in that State, a journal which
possesses great influence dver the country press, had
not, up to that period, taken ground on this subject.
Under these circumstances, it can hardly be expected
that resolutions emanating from county conv entions
could be considered as furnishing that evidence of the
popular will as they otherwise would. All the republi
can conventions have expressed their approbation of the
general principles set forth in the message ; few of them,
ho?ever, have given any expression of opinion as re
gards this specific measure. No one is more ready, on
all occasions, to bow with deference to the will of his
constituents, when formed upon reflection and delibera
tion, and fairly and fully expressed, than himself; and it
will ever be my pleasure to carry that will into execu
tion Were I opposed to this bill, (and I repeat that I
give no opinion in regard to it.) I would with alacrity
surrender my own opinion at the feet of my constitu
Sir, there is no pressing necessity for the immediate
passage of this bill. The Government is now going on
receiving and disbursing its revenue in the same man
lier as provided in the bill. Should it now pass, it will
produce no change. Since the suspension of specie
payments, the Government has met with no difficulty in
the management of its fiscal operations, neither can it I
for six short weeks, at which tune the bill can be acted j
on, under the influence of a well informed and plainly
expressed public opinion It has been my misfortune ?
not 10 have enjoyed an interchange of sentiment with !
my constituents, as have most of the gentlemen of this i
House. Business of a private, hut pressing nature, has
entirely separated me from them since April last. I
wish to obey their will, and for this purpose I should be |
glad, by a personal interview, to ascertain that will; and j
when ascertained, I shall not fail to execute it.
Mr. CLAKK theu, according to the pledge he had ,
given, seconded the motion to lay the billon the table.
Mr CONNOR moved a cijll of the House, with a
view to give tune for members to come in
On this question the yeas ui.d nays were demanded
and ordered, and, being taken, resulted as follow s : Yeas j
1 SB, nays 5.
So the House resolved that there should he ? call ,
The roll was thereupon called, when 218 members
responded to their names. The doors having been j
closed, and tho absentees called over, 222, in all, ap- |
pearcd to lie present. Mr Chambers, of Kv , moved
to suspend further proceedings in the call Mr Cam- |
lireleng, with a view to allow still further opportunity
for absent members to come in, demanded the yeas and j
nays on this motion. They were ordered, tafeeii, and
stood as follows : Yeas 171, nays 30.
So the call was suspended, and the doors of the hall j
The question being on laying the bill on the table?
Mr GKENNEL], demanded the yeas and nays, !
which were ordered to be taken.
Mr LEWIS, of Alabama, asked the mover to with- j
draw his motion, with a view to enable him to move ait J
amendment to the bill, which lie was most anxious to |
obtain a decision upon.
The mover refusing?
Mr LEWIS asked that the amendment should be |
read ; but the Chair ruled that to be out of order after
a motion had been made to lay the bill on the table.
Mr HAYNES made the question of order, but the
Chair affirmed its decision, from which no appeal was
The yeas and nays were thereupon taken, and result
ed as follows :
YEAS?Messrs Adams, Alexander, Heman Allen,
.1 W Allen, Avcrigg, boll, Middle, llond, Horden,
Hrigu?, \\ 15 Calhoun, John Calhoon, William II
Campbell, John Campbell, W IS Carter, Cnsev, Cham
bers, Childs, Clark, Clownev, Corwin, Cranston, Crock
ett; Curtis, Cushing, Darlington, Dawson, Davis, Do
berry, Dennis, Dunn, Elmore, Everett, Ewing, 11
l'leteher, Filmore, J Garland, 11 Garland. Goode, J j
(irahnin, W tiraham, Graves, Grennell, Griffin, Hal- J
stead. Harlan, Harper, Hastings, ll.iwev llcnrv, He
rod, llollinan, Hopkins, llenrv Johnson, W (' John- |
son, Kilgore, Law It r, Legnro, Lincoln, A W Loomiis,
Lyon, Mallory, Marvin, .1 M Mason, S Masonj Maury, '
May, Maxwell, Menifee, Mercer, Milligun, M. Morris,
(' Morris, Navlor, Noves, 0?le, Patterson, Patlon,
Poarce. Peek, Phillips, Pope, Potts, Kuriden. Randolph,
Heed, Rencher, Richardson, Kidgwav, Rumsey, Rus
sell, Sawyer, Si-meant. A II Shepperd, C Shepard,
Shields, Srlilev, Slade, Smith, Snvder. Southgnte, Si.m
l<-\, Stewart, Stone, Strattou, Taliaferro, Thompson,
Tillmghast, Toland, I nderwood, A S White. John
M hite, E Whittlesey, I. Williams, Sherrod Williams,
J I. \\ illinms, C. 11 \\ iltiains, VYise, Yorko?120
NAYS?Messrs Anderson, Andrews, Allierton,
lleatlv, Beirne, tin km II, Ilirdsall, H,>om, iiouldin,
Hrodliead. Uronson, llruyn, Bvnnm, Cambrelen ', T J
< arter, Chancy, Chapman. I Mley. Claiborne. ('h^veland.
Coirs, Connor, Craig, Cnshnun, Davee, DeGraff, Dun
can. Edwards, Farrmgton, Fairfield, I l'leteher, Pos
ter, I rv. (iallup, (i hoi son. (iUsrock, tirant. Gray, lla
lev. lUinmond, llamer, Harrison, Hawkins, H:ivne?,
llolsey Howard, Hublev, W II Hunter, Hubert M I
T Hunter, Ingham, Thomas 11 Jaekson, J^be* Jack- |
son, Joseph Jiihtison. Nathaniel Jones, John W .loij, s,
Keinble, Klingensinith. Lesdbettrr. Lewis. Eo-i^n, \t. |
|liaved l.ooinis, Martin, MrKav, H MeCIellan. \t>rr?- '
ham MrCh llan. Met' ore. M Klin. Miller. Mo .
tv, Moore, Morjnn. S \\ Mo ris, Muhlenberg. N ! ,
Owens, Pal.inr, Parker, P.irmenler, Paynter. Pe . , . |
bj>.k<.r, Pcinkon, Pitkcns, l'lumcr, 1'otlur, Pratt, Preu
li?*. Rfilv. H've?, Robertson, Sheffu, MmbIot, Spen
C?, Tuylor, TIioiiim. TiUu, Tnorey, Town., Turner,
Vail, Vaudervocr, Warner, Webster, W?do, T. 'I*.
Whittlesey, Jarcd W. William., Warthiuffton. Ytll?
So the bill w?? ordered to lie on (lie utile.
Mr LEWIS now wished to oiler bin amendment
but the Chair rilled it out of order. '
Mr. PICKENS inquired whether a motion to take
up the bill again ini"hi be entertained by consent ol
such a majority as were competent to change the or
der of bllMIKSS T
1 he CHAIR said that could only be done by sus
pending the Hales for the purpose. " No business had
intervened after laying the bill on the table.
Mr. LEWIS moved to adjourn. Negatived.
Mr. LEWIS now said btisiuna hau intervened
and^ain moved that the bill be taken up, and his
J amendment received.
The CHAIR still decided the motion to be out of
Mi ? GRIFFIN, toaceommoJatethegeatleman from
Alabama, moved a reconsideration of the vote by
which the bill uad been laid on the table
The yeas and nays were demanded.
Mr. BORDLN, ol Massachusetts, moved to lay
the motion for a reconsideration on the table, and
demanded the yeas and nays, which were ordered.
V eas 119 uays 101. S > the House ordered the bill
to lie on the table.
ACCOL'NTS OF MCPOSITE BAN'KM.
Mr. CAMBRELENG now moved that the House
now go into Committee of the Whole on the stale of
the Union, which motion prevailing, Mr. Howard
ol Maryland, was called to the chair of the com
The committee took up the bill to adjust the ac
counts ol the late deposite banks; and the question
beinir on the amendment moved some days ago bv
Mr. Loomis, ol N. York, '
Mr. WHi 1 l'LESEY, of Ohio, suggested to Mr.
L. to adopt a modification of his motion, to which
SV"!P after desultory explanations ns to the wording
ol the bill, he consented.
Mr JOHNSON, of Louisiana, opposed the a
inendmentas modified, and wished U introduce a
Mr. GARLAND,of Louisiana, spoke in explana
tion ol the amendment he had offered lo the bill.
Mr. LINCOLN preferred the amendment of Mr
Loomis to that of Mr Garland He thought the de
posite b inks should be charged with interest for the
use and enjoyment of the public moiiey. He looked
upon the bill as inseparably connected with the bill
to postpone the payment ol the public deposites and
lie was opposed to any action of the House w hich
would relieve ihe Government from compliance
with that law, providing for the payment of that.por
tion ol the surplus revenue which shall be due to the
States on the 1st day ol January, 1KW.
Mr. LINCOLN showed the connection beiween
this and the postponement bill, going into the subiect
at some length. '
He had not finished, when the House took the
After the recess,
Mr LINCOLN closed his remarks, bcirun before !
the House took its recess.
Mr. MARTIN, of Alabama, followed, and went
into a view of the general policy of the bill sug
gesting at the close, to the mover of the pending
amendment a miKlification of the same, to the effect
that the b ind contemplated by the bill be given for
the payment of the moneys due the Government in
three instalments; the first on the 1st of July ih3h
the second in six mouths afterwards, and the third
in twelve months, after default: provided that such
deposite binks as belong exclusively to the State in
which it is situated, and for the payment of which
'he laith of such State is pledged,'shall not b- re
quired to give the security in this section content
tothebnrAMS made a lon,r speech in opposition
The House, at about 8 o'c'oek look up the
GENEJUt. APPROPRIATION BILL.
Mr. CAMBRELENG, in a few words, explained
the grounds of the bill, as arising from a deficiency
in the receipts of the Treasury.
Mr. WISE tiwik the floor, and, after some general
remarks of a congratulatory character on the defeat
ol the Administration in ihe rejection of the Sub
treasury bill, proceeded to comment with severity on
the expenditure of the public money on the agency
ol Mr. Rush, at London, and argued to show that
including every thing, it was costing the United
Stales ab jut 814,000 a year. He called for the read
tng ol Mr. Rush's letter on the expenses and delavs
ol suits in the British Court of Chancery; and also
that ol the Secretary of ihe Treasury, proposing the
appropriation in Ihe bill. He concluded by moving
to strike out from the bill the item of ten thousand
dollars for lurther expenses of the mission to Lon
don concerning the Smithsonian legncy
After a brief reply from Mr. CAMBRELENG
in which he insisted that the Secretary was only
carrying out the law which Mr Wise himself in
comjiany with Mr. Adams, had advocated, the ques
tion was taken on the motion to strke out, and ne
gatived?Ayes t>5, noes 74.
On motion of Mr. F. O. J. SMITH, the Commit
tee of the Whole on the state of the Union were dis
charged from the further consideration of the bill
lo settle with the deposite banks.
The House then again went into Committee of
the Whole on the state of the Union, (Mr. Brings of
Massachusetts, in the chair,) on the bill making atv
propriations for the Seminole war, and the bill to re
mit the duties on goods consumed in the New York
The first bill, which appropriates $1,600,000, hav
ing b-en considered, it was laid aside; and the N.
i ork Fire bill having been taken up,
Mr. UN DERWOOD, to test the sense of the com
mittee, proposed that it ba laid aside, and that the
committee relttse at present to act upon it.
Mr. HOFFMAN remonstrated against this course,
and the motion was negatived-*-A yes 61), noes 157.
But, after some remarks of Mr, WHITTLESEY
and Mr. WADDY THOMPSON, it was conclud
ed not to consider the bill at this time. "
I he committee then rose and reported the Semi
nole War Appropriation bill; which was read a
tlnrd time, passed, and sent to the Senate for concur
I lie House then resumed the consideration of the
bill to settle with the deposite banks.
An amendment by Mr. JOHNSON, of Louisia
na altera speech from Mr POPE, in opposition,
and a Uriel explanation by the mover, was carried?
Ayes noes VI.
| I lie amendment extends the periods of payment
Vi-ni lo Ju|y. 1^38, and January and July
ln.?'l | '
1 he bill, as amended, was reported, ordered to a
third reading, and passed.
Alter a good deal of discussion on the Appropria
tion and De^iodte bank bills,
Mr. UA^ NES said he was convinced nothing
could !)?' done that night, and he therefore would
move an adjournment.
I his motion prevailed, and the House adjourned
at nail past one o clock on Sunday morning.
We reecive many such letters as the follow
ing. The reader may rely upon it, they are
Memphis, Tenn. Oct. 2.
I agree most cordially in the political principles
laid down in the Madisonian. I was a supporter
of Gen. Jackson's administration, and so far have
supported Mr. Van Buren, and shall still do so, in
preference to acting with the party who advocate a
National Bank ol any sort or description. I must
confess my pre/err nee for the continuance of the firm!
cono rns of thr (Sovernment with irctl-regutateit Stair
H"nkand I now believe it to be fully in the power
'of Congress so to regulate the terms of deposite, as
to mako the Slate Banks answer all the purposes re
Leighton, Ai.A., 'Sept. 25.
I am inclined to favor your views in relation to
the currency. For the Government to divorce itself
entirely from all banking institutions, both State
and National, and "adopt a Sub-Treasury system, is
too nearly radicalism for me. I do not wish to b>
und -rstood as at all friendly to the resuscitation of
the old United States Bank, or any other of like cha
racter; neither am I friendly to a Government Bank
managed and controled bv Congress. But I do think,
t "n^ress may impose such restrictions, and hold
oilt( such inducements to the different States, to
make thc.ir currency sound and uniform, as would
re-tore the currency, inspire confidence, and give a
new impulse to our languid commerce. The bank
ing s\stem is so much engrafted into our Govern
ment, as to preclude the hope of getting clear of it,
(however desirable it migh: b\) without risking the
?i in serious consequence*. Whet i-.- tn >- likely .o
b-l!'^ result of an untied eiio.t to separate ihe G> I
vernment from all kiiufc of but king institution* 1 la
my humble opinion, such a political crusade, will
either establish a National bank, or threaten the
Union with dissolution.
No great and important change in any govern
ment cau b;: effected .suddenly, especially when the
people are so illy prepared for it as at present, with
out the greatest peril. Indeed, as the General Go
vernment can exercise no arbitrary control over the
different States of the Union, and as there is not the
I least probability that the Stales will ever abandon
banking institutions, what course would exhibit
more wisdom in our Government than to hold out
inducements to the States to make their banks uni
form in their issues, and solvent for their liabilities'?
This I think can be done by withholding the patron
age of the Government from th we banks that will
not comply with such terms and restrictions as ('(in
gress may in its wisdom impose. This policy I most
firmly believe, would be acceptable to the States; it
would make our currency as good as any in the
world, and Would not be rearing up an inordinate
moneyed engine, that might ere long usurp the di
rection of Government.
I hope you will not suffer the conduct of the Globe,
and other kindred prints towards you, to drive you
into the ranks of the opposition. Rome people are
always opposed to those who do not follow in their
THE MADISON IAN.
TUESDAY, OCTOBER 17, 1837.
OKKICIC E III BEET, BETWEEN NINTH AM) TENTH.
In THOSE THI.NUS WHICH ARK ESHKNTIAL, LET THEKE
BK I'NITV?IN NON?ESSENTIALS, LIBERTY, AND IN ALL
Till NUS CHARITY ? Auj/US/lll.
Til K HEMl'LT.
If is with no ordinary emotion that we an
nounce the result of the action of Congress
on the Sub-Treasury bill. In the House, on
Saturday, it was laid on the table by the de
cisive vote of 120 to 107, being a majority of
13. 1 his was a test vote, and deemed equiva
lent to a direct rejection of the bill.
We congratulate the country on this glo
rious result?this triumph of principle?The
firm and patriotic conduct of the Representa
tives of the people has averted, by the rejec
tion ol this measure, one ol the greatest and
most wide spread calamities which could have
befallen the country. We have trembled at
the idea of the passage of this bill?and on
looking at the result, we feel like a wave
tossed mariner who has been exposed, but
who has fortunately escaped, from the horrors
of shipwreck. We cannot sufficiently com- ;
mend the firmness and patriotism of those in
both Houses who have fought the good fight
of principle, against this most dangerous and
fatal scheme. I here has been no subject for
years past, which has drawn out so much
talent as was exhibited against this bill. If
the people of the country could have heard
the debate, they would not have doubted, for
one moment, as to the disastrous conse
quences of adopting such a measure?and if I
they shall have the opportunity of reading the
debate, they will be satisfied, that the country
has escaped the most dire calamity which
could have been inflicted on it. To those
who manfully resisted this scheme, there can
be no higher reward than the consciousness
of having discharged their duty. To a great
portion of those wher supported it, we know
that there can be no greater consolation than
its defeat ! Let the whole country then re
joice with those who were for it, and those
who were against it, lor with both, nothing 1
was more desired than its failure! To the I
uninitiated this may seem paradoxical. But it |
is no less true?and perfectly apparent to those
who understand the working of the tnachinc- i
rv by which such results are produced.
We take it for granted, that this measure '
will not again be brought forward by the ad- j
ministration. The President intimated his
willingness to adopt any other plan which
should be deemed best, if this was not satis- j
factory to Congress. It is perfectly evident
that this cannot succeed. Public sentiment
will sustain the House in the stand it has
taken, and several of the States will undoubt
edly indicate their wishes to their Senators
in sucli a way as to command a majority
against if forever hereafter in that body. We
trust then, that the President will, in good
faith, recommend that the State Hank system
be reinstated, and that being done with the i
aid and co-operation of the Government, every
thing in the country will again be quiet and
BtTSINE.H.S OF THE .SESSION.
AMOl'NT or HEI.IF.K.
The first session of the 25th Congress,
called by the proclamation of May last, closed
yesterday, having been engaged upon the pub
lic business just six weeks. Their delibera
tions have been interesting and the results of
the highest importance to the country. The
calamities in which the people were involved,
called for the paternal interposition of the
Government with a cogency that could not be
resisted. The Government responded to the
call; antl the measures of relief which have 1
been adopted arc calculated to raise the lan
guid and prostrate energicsof the country, and
to restore that confidence which is necessary
to reanimate and sustain the business inter
The most important measures of relief are
the issue of Treasury notes, the extension of
the merchants' bonds, and the postponement
of the debts due by the banks. The aggre
gate amount of relief afforded by those mea
sures directly, is twenty-five millions. The
Treasury notes amounting lo $10,000,000,
and bearing an interest after two months of j
5 2-.r> per centum, equal to about 1 1-2 cents
per day on $100, will go directly into the cur
rency of the country with capabilities to liqui
date in a few months, perhaps, five times the !
amount of outstanding balances in the differ- j
ent classes of society. The postponement of
the fourth installment, although it was essen
tia to save the Government from a loan, or an j
increased issur> of Treasury notes, nnv not i
operate well upon the Status, inasmuch as
j most of them hail made contractu and arrange*
incuts, and in muny cases pledged the faith of
the .Slate, in expectation of receiving the re
maining portion of the surplus of 1836. This
operations of Congress, however, have pro
duced a very sensible and favorable effect up
on the money market. At the commencement
of the session specie was at a premium of
10 percent; it is now down to 5. Exchange
on England, September 1, was 120 to 121,
and is now at 116. Exchange on New Or
leans which was, at New York, at 12 percent,
at the beginning of the session, is reduced to
5 1-2 and 6. The favorable news from Eng
land, and the returning crops, no doubt have
had a very great effect in improving the mar
ket. The diminished differences between pa
per and specie, and the various indications in
the monetary horizon, give assurance of re
turning confidence, and increase the probabili
ty of an early and universal resumption of
specie payments. The rejection of the Sub
Treasury scheme, to which we believe the
eyes of the people have been turned with
anxiety and alarm, we can but regard as an
other most important indication in favor of the
currency and business interests of the States.
11 it had passed Congress, we cannot avoid
believing, that the cup of returning prosperity
would have been dashed, and the whole, coun
try involved in ?iill greater confusion and em
barrassment if possible, than it has hitherto
suffered, and now we hopfc, passed. If the
merchants and the banks shall be relieved bv
the measures adopted, and they shall pursue a
policy which a correct appreciation of them
and of their own position will suggest, we shall
again speedily see confidence and animation
restored to every ramification of society, By
the return of the regular session, we hope to
see such indications from the banks, the mar
kets. the people in their primary assemblies,
and from the States, as will dissipate the vi
sion of an exclusively metallic currency, and
awaken Congress and the administration to a
lively sense of the true interests of the Union,
and to a just appreciation of the benefits of
that system which has contributed so much to
the present advanced civilization and improve
ment of our united country.
The following is a list of the acts passed at
the extra session of the 25th Congress :
U1LLN OP THE SBNATB PASSED INTO
No. 1. An act to postpone the fourth instalment
of deposite with the States.
3. An act authorising a further postponement of
payment upon duty bonds.
I. An act for adjusting the remaining claims upon
th?* late deposite banks.
II. An act to regulate the fees of District attor-?
nevs in certain cases.
IS. An act for the relief of I). P. Madison.
I. Resolution directing the postage on letters sent
by,express mail to be paid in advance.
BII.I.S WHICH OMUINATEO IN THE HOUSE AND PASSED
No. *2. A bill to authorise the issuing of Treasury
8. A bill making additional appropriation* tor the
suppression of Indian Hostilities for the year one
thousand eight hundred and thirty-seven.
A bill making additional appropriations for
the year one thousand eight hundred and thirty
10. A bill to continue in force, certain laws to the
close of the next session of Congress.
II. A bill to amend an act entitled an act to pro
vide for the payment of horses lost or destroyed in
the militaiy service of lite Uu I led Suites, approved
January lt$, 1837.
TIIE ('IlEDIT SYSTEM.
It cannot be disguised that there has been, for some
time past, on the part of certain designing politicians
a determined and concerted warfare against the
whole credit system of the country. Under the plau
sible pretext of reforming the currency, they have
endeavored to adopt & series of measures which they
fondly hoped would, by and by, lead to an exclusive
metallic currency. This hope is still cherished by
them. The Sub-Treasury tchenic, on the part of
some, jrc k now was designed to accomplish that ob
ject. And if it is persisted in, it will be for the pur
pose of putting an end to the "dynasty of banks both
great and small." Let us then not b:' deluded by the
cry of reform which will eventuate in a total subver
sion of the currency and credit of the country. As
far as abuses exist in our banking system, let them
b<? corrected. But let us not with "one fell swoop"
strike them from existence, nor attempt experiments
which will prove equally fatal. This is the age of
innovation and experiment. It is the age of fanati
cism both in religion and politics.
Under the influence of an extraordinary infatua
tion, the last year or two has given rise to some
strange doctrines in the science of government and
political economy, as dangerous as they arc novel.
Radical and ulira, they threaten not only the stabili
ty of our institutions and the ruin of our prosperity,
but they are revolutionary and levelling. They in
.euleate the broken laith of States and contracts; they
encourage irreconcileable hostility between the rich
and tli'" p ">r : they appeal to the sordid passions of
the I.liter to carry out the principles of the agrarian ;
and their inevitable tendency is to unhinge society;
to break down our institutions; to demoralize and
degrade the Government, and to prodnee what led
to the revolution in France. To resist this mad cru
sade of wickedness and folly, is the duty of every
good member of society.
The war that has b,>en waged upon the credit sys
tem of our country, appears to us to be the height of
folly. That system, as a system, is so fully incorpo
rated with our institutions, our habits of business,
and modes of thinking and acting?it harmonises so
fully with the genius and enterprise of our people,
it has carved out so many jwrmanent channels
through which the active operations of society and
government flow, and it connects the past and the
future by so many ties, that il cannot b:.' dispensed
with. It belongs to twenty-six independent State
sovereignties who will never part with the right nor
the practice, whatever the federal Government may
do. It is destined to bo as enduring as the Union,
and we can no more dispense with it than with the
navigation that lakes our ships into every sea, or the
use of steam as an agent for traveling and saving of
manual labor. Then why attempt an impossibility?
Why distract the party and the country with the vain
and useless efforts to destroy il ? Hut if we could,
wo ought not to destroy it. I: has achieved wonders
for our country. Starting with us in our infancy
and weakness, it has travelled in beautiful harmony
ever sintc,?nd has given strength at every step. It
has given its hand and its smile to agriculture, com
merce, manufactures, and Internal improvements.
It has made a neighborly intercourse between wide
ly separated. parts of our common country, and has
produced a community of interest that has as much
as any thing else strengthened the b>nd of our
Union. It has introduced a continuous stream of
population and capital from abroad, and has given
us the strong man's credit in every foreign land;
and, in, the career of national prosperity, it has
carried us immeasurably b.-vond all competition.
Would it not bo more than madne-s lo throw away,
if We e mid, this gr vit lever b nn??- n b i-e h id
b.cn made uf some of its powers, or because ii was
not pcjftet in all lis opera urna ( Perfection belongs
not to the invention* of matt; and of the many pro
duct tons of his geniua that honor and bless society,
not one Is free from Imperfections,, and all are sub
ject to abuse. No sooner should we re]>udiate a well
regulated system of credit because j*vcry evil rould
not be guarded against, than we should abandon
navigation because the ocean claims its tribute of
victims, or that wc should relinquish steamboats and
railroads because accidents sometimes occur. It is
the province of wisdom to look to the practical re
sults of every system, and bee how it operates in in
creasing the sum of human happiness and prosperi
ty, and to ascertain il the good greatly preponderates
over the evil, li its operation is productive of this
result, our chief end is accomplished.
But what are we offered in substitution of this sys
tem 1 A metallic currency, which no wisdom can
reduce to practice, and if it could, it would cuise
with ruin the eve of its adoption, and blast every
promise that the future holds out to our happy coun
try.. It would clip the wings of commerce; it would
stagnate the ocean of business; it would take from
enterprise its activity; it would strip industry ot
its reward ; it would dry up the streams oi revenue ;
ii would repress the aspirations of genius , it would
paralisc oil the great moral elements that give us
dignity, power, and influence, and we should be
thrown into the ranks with the older and smaller
nations, to travel with them the tardy and devious
route to an unknown and unpromising destiny. Or,
what is worse, it might end in a revolution!
Contrast this system of credit in its practical re
sults upon England and this country, with the policy
that is practised with continental Europe, and see
which has worked b*?t for the common good. It has
made England the banker of the world?it has en
abled her to subsidize all Europe?il has given her a
moral inlltience that holds in cheek and regulates
the destiny of nations?it enabled her to resist suc
cessfully the formidable blow ihnt was aimed at her
national existence?it has made her llie first naval
and commercial nation in the world?it has made
her the manufacturer for hundreds of millions of
brings?ii has made her the iirst patron of the arts
and science:?it has given to her people the enjoy
ment of more practical liberty and its concomitant
blessings, than is known any where else but with us;
and ii has made her the wonder and the admiration
of all Christendom. Such is the result ol this sys
tem in England ; and with us, its achievements have
been greater, when we compare our age with our
mother. Whilst continental Europe, with an exclu
sive metallic currency in some parts, and a mixed
currency in others, can bring into competition no
thing with England or this country; and in the great
race for moral power and glory, she is lost in the dis
tance. Her despotism and her currency (congenial
partisans) extinguish every ray of liberty, enterprise,
and happiness. Italy and P>>rlug il have an exrlusirc
metalliccurrency, and no iwo nations are at this mo
ment so benighted, degraded, poor, and miserable;
and their course is still downward. In the scale of
civilized nations, they are so degraded and debased,
that they have fallen below the reach of sympathy
Look at Russia with herdebised metallic currency,
without commerce, without manufactures, wilhout
agriculture ; no railroads, no canals ? enterprise un
known. her people slurry and religion abjured. We
will not say that this long catalogue of evil and ills
has been superinduced by the peculiar state of the
currency in Europe, but we believe that it has con
tributed much, very much, towards it; and that Lai
rope would have b-en at this day freer, happier,
richer, and better, if she had imitated the example
of England by adopting the credit system.
When we reflect upon what this system has done
for our own country, we wish no farther experiments
to change and better her condition. We do not be
lieve that all the uliraists put together can give us a
better government than we got from our revolutiona
ry fathers, nor a better currency than we have had,
and which we may again have by avoiding theultra
ism of the times. Their views of government,
finance and currency, we cannot respect ;? and we
i would place them where the Christian world has
1 disposed of the " Age of" Reason," and where
i Redheaftirs' imposture was placed in the philosophy
! of mechanics. We had rather be seen steering bv
the chart that was left by our revolutionary sages,
than by the inventions of these modern voyagers in
the science of civil polity: none of'whom have their
minds, their virtues, or their experience.
We are rejoiced to sec the indications of public
sentiment in the defence and reform of the credit
system against the ultras and destroyers. The mo
ral effect of this movement in the different Stales, in
the contest which is now waging, will be witness.?
j The friends of the system stand on ground which
cannot be shaken. We trust the President will place
himself on this sure foundation. We have a strong
desire to see him administer this Government in
such a way as to insure to it glory and prosperity,
and to himself honor and happiness.' We are
aware that he has difficulties to contend wilh, but
let him remember that the proudest honors are ga
thered where dangers stand thickest, and where diffi
| culties most oppose. Let demagogues threaten as
' they ma}', let them insolently dictate il they will, he
should spurn them when every mandate of duly and
| every admonition of sound sense point to a different
! course. Il he will place himself on that field where
Jefferson and Madison stood for more than half a
century, like them he will conquer and like them he
will gather enduring fame. Most sincerely do we
J hope for this, as every feeling we have b -arsmosl
' kindlv>and cordially towards Mr. Van Buren as a
man and a politician.
TI1E PA1KSBIS OK TIIK (ILOBK.
In the Glol.c of the 14th instant, there is .|Uite a long
j editorial article, (consolatory for ihcloss of the Divorce
! Bill, l"'t cxultinc over the "failure of Mr Hives'
I scheme!") fiom which wc shall taks a few extract*, for
the purpose of correcting some " errors of fact and opui
I ion, doubtless unitcntional "
"The measure, [" Bill tn separate thi Gorernmrnt
from the hanks," as the Globe heads ihe article,] as
-will be seen, has bet n laid on the table until the next
icssion, Mr Ci.ark, of New York, proposing ihe post
ponement. as he said, not to defeat it. but to consult the
wishes of his constituents This appeal was successful
with some ten ot dozen of the democratic members,
and the whole opposition, uniting with them in a bodv,
the postponing proposition was carried by a vote of 120
Would not any one infer from this statement, that
Mr. Ci.akk oilginnted a motion to postpone the lull '
Most certainly. Yet there was no motion for ?" post
ponement;" there was a motion to " lmj the bill on the
table," (which ia a very different thing ;) and this mo
tion did not originate w ith " Mr. ('lurk of New \ ork,
hut with Mr Shcnod William* of Kentucky.
But "the appeal teas successful ictth some ten vr a
ilmen nf the democratic memhert" Was it? VMiy not
name ihctn, and let the reader count. They arc as
Mr Borden, of Massachusetts, Mr ' iark. of New
York, Mr Kilgore, of Ohio, Messrs Casey, May, and
Snyder, of Illinois. Mr. Johnson, of Msr* land, Messrs
Garland, Hopkins, Mason, Patlon, and Stewart, of \ ir
ginia, Messrs. Lcgare and Richardson, ot South < af'ili
na, and Mr S oith, of Maim?l.'>?a lartfi "dozen
"The irhnlr opposition uniting with them in a
bid)*, " Did Messrs. HunUr. Uiris, I'lckms, Ifo
hertsnn, and the rest of the NnUifier* ' unite ?i. i
them 1" And when were these gentlemen ever /W?"
; ranked with the administration I They and their
! nartv went for the "divorce "
" The substitute offered bv Mr G [f ?f..
; nisc the State Banks again A- ed onl>
SEVENT Y-T11 REE votes in the Hotis*
I hi'nuhf.d and fortv. .
Did the Club- mean to convev -he inference, that
; there w -r ? !'>" v.> c- riven " g in- ^
Wh * ' I ? (-?:?- b i.-v- ?"<! I. , b
, ihuu 'ht, if wc had >uitcu thai there only M out
of diOagalu?t ihe " substitute I" Am! y? this would
have been stating the fact in the same way the Globe
has done. The truth is, and ihe journal shows it,
that the vote on the substitute stood 73 tor, and iW
only against it.
"The signs or the times must be more deceptive
lhan they have ever been, il- the final adoption of
the plan trkick looks to a aeration of Ike Govern
ment from bank*, don nut ultimately prevail with tke
To what " -1(ftis of the times" does the Globe
allude 1 To the elections in Maine, Rhode bland,
Connecticut, New Jersey, Indiana, Kentucky, Ten
nessee, and Geoigiat And does it expect that
the changes in these States, in furor of the opposition,
is to carry a measure proposed in 1834, by the Nulli
fies ; and supported then bv only one administration
man, and thirty-two of the Whigs and Nullifiers, all
told; and denounced bv the Globj itself, "us disor
ganizing and revolutionaryV'
The best.(alas! for the inconsistent and false
position of the Republican party! the truest) " signs
of the times" is Ihe ballot box; and we have seen
of late no indications there, that can justify the ad
ministration party in cherishing any hopes of suc
cess in this disorganizing and revolutionary
L'tst, bu; not leas', we Miall at this time m;'k?: oue
more extract only; it should stand lirst in otder,
i though it be last in place.
" If the priviledged question to lay on the f hie
had not prevailed, the bill irmtd hai r )>*??,, carried / y
a mainntii (-"s w.'is asrertflined bv the I)E< 'LA RA
TION of SEVERAL MEMBERS [WHOM 1
who voted for the tiostpoiieineili") of THREE
I A measure of this magnitude, that is to effect the
i vital interests of the entire population of the coun
' try?the whole fourteen millions, to tv carried by
a " majority of three rote*, out of '-J--* ; but a \1 AJ< >R
ITY of TWENTY-FIVE votes out of the 240!
Whv. the Whig Legislature of Massachusetts,
' but a short time since, did not dare to accept n rhnr
ter for u bank, passed by a much larger majority, (we
believe) than THREE votes t No miuisuy <>!
Great Britain would dare to accept a gieat public
I measure, .with such a meagre and minority sup
A Correspondent of the New York Observer says,
; that fiv hundred Roman Catholics have been con
verted to Protestrntism, in the valley of the Tyrol, a
country situated between Germany and Italy.
Bonus ?The whole nun b ;r of b inds w hich have
Hid over at our Custom House since the troubles, is
8,338.? .V. V Jour, of Com.
The United States Magazine and Democratic
Review, No. l .Hvo. pp. Hi, for October?December,
was published yesterday. We have only time to
say that the execution is very neat, and the t; bleof
contents rich and full. This number contains a lull
length partrait of Col. Benton. We shall notice it
PENCIL SKETCHES; or outlines of character
and Manners. By Miss l/cslir. Philadelphia
Carey, Lea <f- lilanchard, 1837.
This is the Third series of these agreeable Tales,
by this pleasing, moral and instructive authoress.,?
The present volume comprises eight Tales, whose
character, might perhaps be pretty accurately de
termined by their titles: 1 hey are the Red Box, or
Scenes at the General Wayne ; Constance A'leston,
or the Mourning Suits; The Officers?or a story of
the last war; the Serenaders, including the Dreams
of Song; The Old Farm House; The Gentleman,
or Pencilling on Ship-board; Chase Loring, aTale
of the Revolution; and Alphonseno:?They are all
,raced by the best touches ol Miss Leslie's ge
SPEECHES FOR SALE AT THE MAD1SONIAN
Mr. Rives' speech on the bill to impose additional
duties as depositories on public officers.
Mr. Tau.maihjk's speech on the same subject
Mr. Gari.and's speech on the same.
Mr. Leoark's speech will be published this week.
Frmn the St. Imum Rejiuhlicmi.
REVOLUTION OF HAST A KE, SKW
Murder of Ihe Governor and all his principal officers,?
and installation of ihe Rebel Chief us Governor o
The early arrival of the Fall Company ef Traders
from Sanls Fe. brings advices of a complete revolution
in that State. We have tiecn favored, by a gentleman
of this city, who was formerly concerned in that trade,
with si: extract from a letter received Ironi his corres
pondent, giving some of the (larttculars of the revolu
tion. At the date of these advices, the Americans in
the province had not been molested, although there was
no security whatever for property ; and the Revolution
ists, it w'as said, had marked one of ihe Americans for
sacrifice. This individual, it was observed, would be
known when his head was seen upon a pole !
We annex the contents of the letter, which is dated
Santa Fe, Aug 12, 18117
" Thursday last, the Governor Don Alvino Peres,
Political ami Military Chief of the Territory of New
Mexico accompanied hv Ahreu, and a small party of
soldiers, marched to the Csvadu 20 miles from Santa be,
i where a large number of malcontents had assembled,
I composed of the inhabitants from Rio Arriba to Taos,
! amonir whom were the Indians living in that neigh?M?
1 hood, who are partly civilized, and subjects of the Gene
Upon the meeting of the two armies which too,;
near St. Ildefouso, the Governor commanded Ins sol
diers to fire ; at which order all his men went over to
the enemy, except twenty-three?ol whom one was
killed on the spot, and tluee or lour wounded
The Governor immediately fled with all who could
follow him to Santu Fe,# where they remained until
night, under favor of which they started upon good
horses in order to get a? far as possible from their euc
i,ue? who knew how to take more adroit measures to
intercept them ; for. so soon as they disappeared front
the field ol" battle, IheV despatched the Indians to cut oH
their retreat by the Rio Abajo, with orders to spare
none of them, which was literally accomplished I he
next dav the victors encamped at La Chappelle, which
is near the town of Santa Fe?and there killed the (.o
vernor, Ramon and MarcelinO Abreu, Chico Alari, a
vounir Lieutenant named Gutierres, and many others
whose names are not known. The triumphant army,
having declared their leader Jose Gonzales, an inhabi
tant ol" Taos, Governor, made the entrance into the
town, where he assumed the Government?assisted
bv Rafael Garcia, who had commanded the troops with
him All was now tranquil.
But one thing was wanting to complete their purpose,
;he head of Santiago Abreu, judge of the district?the
friend of the stranger and the poor?the talented and
meritorious officer?and thev received the news tl.at he
had been massacred by the Indians of Santo Doumigo.
From the best accounts, the killed is shout fifteen,
among whom was Miguel Sena, and five or six wound
cd, among whom are Francisco .Surwaino, former < -
vcmor and Commissary, ApunMs. adjutant of the lato
deceased Governor, Jose B .slamenU-, and the sergeant
Antonii Sens All seems quiet enough at this tune,
thouuh yesterday the report ?as that the victors, who
had returned home the day siter their entrance here,
were about to visit us for the purpose of committing
further outrages Hie new Governor, with several
others, immediately left here, ami we have some assu
rance that we shall be spared their presence 1 he
country "? a sad and ruinous condiUon
The ststemenls of this letter are confirmed by a gen
tleman who has arrived in town from Same Fe It is
added, thai the Priests were also very obnoxious to the
revolutionists, and many of thein had autfered personal
violence of a most outrageous character.
Emigration to Texas ?The last number of the
Little Rock Advocate savs -Hardly an hour in the
day passes but a paity of fromeight to ten well-mounted
horsemen are seen passing through our town, bound to
! Texas Wagon after wagon throngs our streets?all
! ps?sins on lo Teias Not a night but o-ir taverns are
thronged w ith travellers snd emigranta for the Red River
i countries and Texas It is thought that the influx of
' emigrants into "l>*a* this year will amount to sotne
liunglike ->i* lho i?i id The msjontv of these are the
i I r ul L alis and M??n iri*nw, dec ,
and aj ptar to U loeu ol inlelligoace and wealth."