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THE MADISON IAN.
THOMAS ALLEN. Tub Mapisoxiaw is published Tri weekly during ike siuuitf* of Congress, tutl 8e.m ?reekl? during (he le mi, ?i $6 per annum f'ot ui mouike, ID. No aubscription will be taken for a term abort of ait month* , nor uuleea paid for i* advance. raif* or advbbtIsinm. Twelve lines, or leae, three insertions, - 91 00 ?ach additional inarrtion, ... 3S Longer advertisements at proportionate ratea. A liberal discount made to thoee who advertise bjr the year. VET Subecribera may remit by mad, in bills of solvent banks, pottage paid, at our risk ; provided it akall ap pear by a postmaster's certificate, that auch remittance Lis been duly mailed A liberal discount will be made to com panics of ftp* or more transmitting their subscriptions together. Poatmssters, and olbera authorised, acting as our agents, will be entitled to receive ? copy of the paper graltt for every five subscriber# or, at that rate per cent, on subscriptions generally ; the terms being fulfilled. Letters and communicationa intended for the ests blishinent will not be received unleaa the potlag* is pa i d. pnaaircTus. Tut MadisoniaH Wtii be devoted to the support ol the principles and doctrine- or the democratic party, as delineated by Mr Madi.on, and will aim to consummate that political reform in the theory and practice of the national government, which haa been repeatedly indi cated by the general sufferage, as aaaential to the peace and prosperity of the country, and to the perfection and perpetuity of its free institutions. At this time a singu lar state of aliairs is presented. The commercial in terests of the country sre overwhelmed with embarrasa mcnt; its monetsry concerns sre unususlly disordered ; every ramification of society is invaded by distress, and the social edifice seems threatened with disorganization; every ear is filled with predictions of evil snd the mur inunngs of despondency; the general government is boldly sssailed bv a large and respectable portion of the peopie, as the direct cause of their difficulties ; open resistance to the lawe is publicly encouraged, and a spirit of insubordination is fostered, aa a necessary defonce to the pretended uaurjtations of tile party in power; aoine, from whom better things were hoped, are making the "confusion worse confounded," by a head long pursuit of extreme notiona and indefinite phantoms, totally incompatible with a wholesome atate of the country. In the inidat of all these difficulties and em barrassments, it is feared that many of the less firm of the friends of the administration and supporters of democratic principles are wavering in their confidence, and beginning, without just cause, to view with distrust those men to whom they hsve been long sltached, and whose elevation they have laboured to promote Croon honest and patriotic motives. Exulting in the anticipa tion of dismay and confusion amongst the supporters of the administration as the consequence of these things, the op|K>aition arc consoling themselves with tho idea that Mr. Vsn Duron's friends, as a national party, are veiging to diaaolution ; and they allow no opportunity to pass unimproved to give eclat to their own doctrines. They are, indeed, maturing plana for their own future government of the country, with aceming confidence of certain success. This confidence ia increased by the fact, that visionsry theories, and an uuwise adherence lo the plan for an excluttre metallic currency have unfortunately carried some beyond the actual and irue policy of the govern ment ; and, by impairing public confidence in the credit system, which ought to lie preserved and regulated, but not destroyed, have tended to increase the difficulties under which the country is now Isbouring. All these seem to indicate the neccaaity of a new organ st I he seat of government, to l>e established upon sound prin ciples, and to represent faithfully, and not to dictate, the real policy of the administration, and the tme sentiments, measures, and interests, of the great body of its sup porters. ' The necessity also sppears of the adoption of more conservative principles than the conduct of those seems to indicate who seek to remedy sbusei by de stroying the institutions with which they sre found con nected. Indeed some measure of contribution is deemed essential to the enhancement of our own self-respect at home, and to the promotion of the honor and credit of the nation abroad. To meet these indications this undertaking hat been instituted, snd it is hoped that it will produce the effect of inspiring the timid with courage, the desponding with hope, and the whole country with confidence in the administration of its government. In this view, this journal will not seek lo lead, or to follow sny faction, or to advocate the views of any particular detachment of men. It will aspire to accord a just measure of aup port to each of the co-ordinate branchea of the govern ment, in the lawful exercise of their constitutional prerogatives. It will address itself to the understandings of men, rather than appeal to sny unworthy prejudices or evil passions. It will rely invariably upon the prin ciple, that the strength and security of American insti tutions depend upon the intelligence and virtue of the people. Tub Mapi soman will not, in any event, be made the instrument of arraying the north and the south, the cast and the west, in hostile attitudes towards each other, upon any subject of either general or local interest. It will reflect only that spirit and (hose principles of mutual concession, compromise, and reciprocal good-will, which so eminently characterized the inception, formation, and subsequent adoption, by the several Slates, of the con stitution of the United States. Moreover, in the same hallowed opirit that has, at all periods since the adoption of that sacred instrument, characterized its dbkbxcb by tub pkople, our press will hasten to its support at every emergency that shall arise, from whatever quarter, and under whatever guise of philanthropy, policy, or principle, the antagonist power may appear. If, in this responsible undertaking, it sha.ll l>e our good fortune to succeed to any degree in promoting the harmony and prosperity of the country, or in conciliating jealousies, and allaying the asperities of party warfare, bv demeaning ourself amicably towards all; by indulg ing personal animosities towards none; by conducting ourself in the belief that it is perfectly practicable to differ with others in matters of principle and of expe iency, without a mixture of personal unkindncss or loss reciprocal respect; and by " asking nothing that is not clearly right, and submitting to nothing that is wrong," then, and not otherwise, will the full measure us intention bo accomplished, and our primary rule for its guidance lie sufficiently observed, and satisfied. This enterprizc has not been undertaken without the spprobation, adviaemcut, and pledged support of many of the leading and soundest minds in the ranks of the democractic republican party, in the extreme north and in the extreme south, in the east and in the west. An association of both political experience and talent of the highest order will render it competent lo carry forward the principles by which it will be guided, anu make it useful as a political organ, and interesting as a journal of news. Arrangements also have been made lo fix the establishment upon a substantial and permanent liasis. The subscriber, therefore, relics upon the public for so much of their confidence and encouragement only as the fidelity of his press to their great national interests shall prove itself entitled to receive. THOMAS ALLEN. Wabhinuto* Citv, D. C. July, 1837. EXCHANGE HOTEL. THE SUBSCRIBFRS, having leased the Exchange Hotel, (late Tages's,) and having fitted it up in first rate style, will be prepared to receive visiters on MON DAY the IHh inst. The loeHtion of the house, being with' in a few minutes walk of the depot of the Baltimore and Ohio, Washington and Baltimore, nnd Philadelphia Hail roads. as well as the Steamboat to Philadelphia. Norfolk, and Charleston, S. C., makes it a desirable place to all travellers going to either section of ? the country. This HOTEL attached to the Exchange Building* in this citv, has been erected and furnished at a great cost hy the pro prietors, and is designed to t>e a first rate hotel. It i* the intention of the sulmeribers to make it for comfort, re spectability, &c. &e., equal lo any house in the United States. The undersigned flatter themselves that thev need only promise to all who may patronise the extablish ment, that their best efforts shall l>e exerted to please, and at charges which they hope will meet their npprohu iona. JEWETT At, IJE UUTT8. Daltimote, Oct. 7, 1837. 4w21 HOUSE FURNISHING GOODS-We have for sale? SO pieces ingrain carpeting, which we will Sell low. SO do Brussels. 6'<! do 5-4. 6-4, 10-4, and 12-4 Linen Sheetings. 100 do 7-4, H-4 Barnsly Diaix rs. 8-4, 10-4 and 20-4 fine Table Cloths. Napkins to match. I bale Russia Diaper. 1 hale wide Crash. Alao, SO Marseilles Quilts. BRADLEY & CATLETT. #?3tw2w THfe MADISONJAN. wi'i r n tacag ' 1111111 m .L ? .. , ? ??? ?? ? . ? -r??r-Bl!rBr~rr,,'^'l?*^gL1-11? ' . ? ~ VOL.1. _ WASHINGTON CITY, FRIDAY, NOVEMBER 10, 1837. NO. 31. IfOR SALE, OR BARTER, for property in the ciItoI New York, or ludi in JUi nois, llie foftowiag valuable property in the village of BJ" The rauid growth of Oswego, ita un ffT1 Compris ing the originnl Tillage lots no. 3 and 4. in surpassed advantage* awf great prospects, are too well ana loo generally known to requirs a particular descrip tion. 0ZT A very minute description of the property is deem ed unnecessary as it it presumed that purchasers living , ?I a distance will com* and see, before they conclude a aargatn. Suffice it to My, Jlbat it ia among the very beat bn Ute ptM?. Us Woimi t?m lands wf tnr first quality, w ith a perfectly near title, and free of ineumbr see, will be taken in e?- | ch VLr L?eneie poet paid, addressed to the subscriber, at Oswego, will meet with prompt attention. An ample de scription of the property offered in exchange ts requested. In East Oswroo.?The Eagle Tavern and Store ad loining, on First street, with ? dwelling house and stables unSecond street, being original village lot no. SO, 66 feet on First struct, running east 200 feet to Seoond street. Tlie south half, or original village lot no. 44, being 33 , feet on First street, running east 200 feet to Second street, with the buildings erected thereon. The north-east corner of First and Seneca (Ute Tau rus) streets, being 99 feet on First, and 100 feet on Sene ca streets, w ith the buildings erected thereon?comprising part of original village lots nos. 41 and 4a. Three lots, each with a dwelling, fronting Second street; the lots are '?4 feet wide by 100 deep, being part of original village lot no. 4t. _ Lot, with dwelling house, [original village lot no. 28,] being 66 feet on First street, running west about 250 feet, across tho canal into the riser, so that it has four fronts. In West Oswroo.?Lot corner of Fifth end Seneca (late Taurus) streets, opposite the public square, lieing on Seneca street 143, and on Fifth street 198 feet, withdwell ing, coach house, atahlins.and garden. The latter is well stocked with the best and rarest fruit, ornamental shrub bery, dowers, fltc. A lot adjoining the above, being 78 feet on Fourth street by 5H feet in depth. Sis lots on First street, each 22 feet in front, running east 100 feet to Water street, with the buildings thereon. The Wharf and W^ure houses on Wa ter street, opposite the foregoing, being 132 feet on Water street, and running cast about 110 feet to the river. [This wharf has the deepest water in the inner harbor.] Lot corner of Seneca and Second streets, being 24 feet on Seneca, and 66 feet on Second streets. Five Lots ad joining the foregoing to the east, ench being 2*2 feet on Seneca street, by 66 leet in depth. The above being part of the original village lot no. 36. The north half of block no. 63, beingSOO feet on Utica [late Libra] street, by 198 feet on Third and Fourth streets. On Van Burin Tract ? Lot no. 1, Montcalm street, being 200 feet deep, and running north along Montcalm street several hundred feet into the Lake. Lots no. 2 and 3, Montcalm street, each 66 by 200 ft. 12 " 13 '? 13, 14, and 15,being 345 ft. on Bronson st. 210 on Van Buren St. 300 on Eighth st. North 3-4ths of lot no. 25, Corner of Van Buren " ad Eighth streets, being 200 l'cot ou Van Buren, and 148 t eet on Eighth streets. Lot 82, south-west comer of Cayuga and Eighth streets, 66 by 198 feet. Lots 83, 84, 85, 86, 87, on Csyuga st. 66 by 198 ft. 88, s. e. corner of Cayuga and Ontario streets, 198 by 104 feet. 89, s. w. comcr of do, 108 by 195 ft. 70, on Seneca St., G6 by 198 feet. 59, s. w. corner of Seneca and 8th st*., 66 by 198 ft. 50, n. e. corner of Ontario and Schuyler streets, 198 by 104 feet. 59. on Seneca street, 66 by 193 feet. 75, s. e. corner of Seneca and Ontario streets, 198 by 104 feet. 76, s. w. corner of do. 198 by 130 ft. 64, n. e. corner of do. 198 by 104 ft. 46, 47, 49,49, on Schuyler St., 66 by 198 ft. The incumbrances on the whole of this property do not exceed sixteen thousand dollars, which may either re main, or if desired, c&n be clearod off. J. C. BURCKLE. Oswego, N. Y., Aug. 22, 1837. 2m6 "PLUMBER S BUSINESS ?The subscriber, fro^ A Baltimore, takes this method of informing the citisens of Washington and vicinity, that he will remain a few days, and make arrangements for undertaking any of the follow ing kinds of work in his line of business, vi?. The erect ing of Water Closets, Force or Lift Pumps, Baths, hot or cold, fitted in a superior manner, the conveying of water from springs to dwellings, and through the different apart ments, draining ijuarries, or any kind of lead work. He can be seen at Mr. Woodward's. DAVID BAIN. N B.?He has with him a few Beer and Cider Punt]*, to be seen as above. CLEMENT WOODWARD, Berween 10th and lltlists., Penn. Avenue. Oct. 18?23 CH IN A, GLASS AND QUEEN'S WARE. MOSES POTTER, 46 South Charles St., Baltimore, HAS just received and is now opening, five hundred and forty ptwkn-r* of the above description of goods, adapted for the Southern and Western markets?Con- I stantly on hand, English, Iron Stone, and Granite China, suitable for extensive hotels and steamboats?all of which will l>e sold on its favorable terms as can be bought in any city in the Union. Oct. 10. tf22 SAMUEL HEINECKE informs his friends and the : public, that he has taken a room four doors north of ; Doctor Gunton's apothecary store, on ninth street, where he w ill carry on bis business. He feels confident, from | his long experience in cutting all kinds of garments, that general satisfaction will be given to such as may favor i him with their custom. scp 23 3taw3w i PROPOSALS for publishing a Second Edition of the Military Laws of tmm United States, by George Templeman. The first edition was compiled by Major Trueiuan Cross, of the United States Army, and published under the sanction of tho Wur Department in lrt^j.. It contains the most important of the resolutions of the old Congress, relating to the Army, from 1775 to 1799?the Constitution of the United States, and all the acts and resolutions of Congress relating to the Army and the Militia, from 1799 to 1824. The second edition, now proposed to be published, will contain all the matter 'embraced in the first, carefully re vised, together w ith all the laws and resolutions of Con gress, liearing upon the Army, Militia, and Volunteers, which have been enacted from 1924, down to the close of the present session. The corrections and additions will be made by Major Cross, the original compiler. Officers of the Army and Militia, and others, who have used the first edition of this work, have testified to its great usefulness. In a country like ours, where the authority of the law is paramount, the necessity of such a work is at all tunes ; manifest ; but it is especially so at present when a large I and mixed force of regulars, volunteers, and militia arc j called into active service. The \ork w ill lie of royal octavo size, and w ill lie fur- j nished to subscribers at $2 50 per copy, bound in law 1 sheep. MRS. I'AGE'S BOARDING MOUSE, on Pennsyl- j vnnia Avenue, opposite the Centre Market. Per- I sons visiting Washington can lie comfortably entertained j by the day or week. Oct. 5. tfl9 V~ ALUABLE PROPERTY FOR 8ALE ? By virtue I of a deed oftrust, executed by Duff Green, and bear- | ing date the tenth day of .Inly, in the year eighteen hun dred and twenty-nine, will lie exposed to public sale on Wednesday, the twenty-second day of November next, the valuable real estate dcscritxid in said deed as lieing " that two story brick house or tenement on part of lot numbered six, (It.) in square numbered three hundred and seventy-seven, (377,) in the city of Washington, being the west house of three houses formerly built on said lot by Charles Cist, deceased;" "and also the part of said lot appertaining to said house, extending hr.ck due north from E street to a public alley, and also tho whole of lot number (7) in the said square." The terms of sale will lie one-third cash, and the ba lance in two equal instalments of three ami six months, with approved security and on interest from day of sale. The sale to take place immediately in front of the pre mises, on E street, at eleven o'clock in the forenoon of the duyalsive mentioned. For the Blink of the Metropolis : JOHN P. VAN NESS, President. Oct 30?2 aw r< LOVES; SUSPENDERS, STOCKS. WOOLLEN VJ SHIRTS, AND DRAWERS ?We have to day opened? 30 dox. Suspenders, best kind. 50 i!o. sit)ienor Gloves. 50 do Stocks, best make. 50 pieces Silk Pocket Handkerchiefs. 50 dozen Gentlemen's RiMied Woollen Drawers. 50 do. do. do. do. Shirts. 6 do. Raw Silk Shirts. A i.so, 50 pieces Irish Linens. 200 do. Sea Island ('< >tton Shirtin**. BRADLEY & CATLETT. t?ept. *. ?aw2w? ?FISCH OV THI HOW. JOM flfTOHi or inhana, On tk* subject of IK* Sub-ireuturu lyUm/ar toUttitHg and iubuning the public revenue. Mr. TIPTON tom He said ihe question now un dtf consuionlMNi was of to much iiiipoiunc# to w People of lb* Suu which bo ImmI in \?n tbo honor to represent here, thai lie fell il lo be his duty to claim the Uidulgence of the Senate a short nine, while be gave hw view* on eome of the topics that il thi? tune en gaged the public attention from one end to the other of the country. In ? time of profound peace, surrounded aa we thought, by all the eleiuenia Of proeporily, we are auddenly arrested tu our onward march by a wide spread desolation, commerce crippled public credit injured, private fortunea mined, and the public Treasury bank rupt. The late session of Confreaa bad but joat closed, the membera bad scarcely tune to return to their homes, when we were summoned to return to Washington to legislate the Government out of ila difficulties, and we lit id ouraelvea hen ill September matead of December engaged in deliberation ou the mode ami maimer of re lieving the distress of our country. . The inquiry naturally address** itself to every mind, vhy i* this so ! Wb*t h** produced it, ?ud what ia the remedy to be adopted ! 'I he honorable Senator from South Carolu?a,'(Mr. Calhoun.) when he proposed bis amendment to the bill under consideration, a few days ago, told us that Una question should be met boldly and manfully ; to use his own words, let every one (said be) show his hand. 1 (aatd Mr. T.) respond to that noble sentiment of the honorable Senator; tbe question should be met boldly and fairly ; this is a time of deep anxiety with our couMrtuents; there should be no skulking among their public servants; every one should speak freely of tbe cauaea which have produced the present embarrsssinent, snd act promptly on each measures as will relieve the People. It was his opinion thst the putting down of the Dank of the United Statea was the first step to the present embarrassment; the transfer of the p il lie deques from that Dank to the local or Stale banks sttmulsied these institutions to extravagant issues, far beyond lh?ir ability of redemption; they discounted notes on the pubic depositee, extending their lines of discount be yond the bounds of prudence ; the people in the neigh' borhoods of the banks, finding that bank sccomiuods tions could be had with facility, entered largely in speculations in public lands, town lota, and other pro perty ; extravagance in living aa well as in dressing in creased their indebtedness ; in a woid, air, the whole country overtraded, ceaaod to labor, and contracted debta beyond their ability to pay; apeculations were uppermost in the minds of every one. Tho Executive of the United States, aeeing the pub lic domain rapidly exchanging for credit on the books of the banks, determined to check it, snd issued bis Treasury order of July 11, 183#, directing lhat nothing but gold and silver should be received in payment for the public lands. Under the operations of this order, those engaged in purchasing public lands hsd to procure bank paper, draw the specie from the banks and trans port it to the land offices ; it was no sooner paid into the land offices than the receivers of public moneys de posited it again in the banks to the credit of the Govern ment ; thus the indebtedness of the bsuks wss dstly and rapidly increasing; the bankers fearing that the public depositcs would bo called for in metal, bucamo alarmed at their own condition, closed their doors, snd suspended specie payments, thereby putting it out of the power ol this Government to psy the public dues according to law, in apecte or ita equivalent. This, (said Mr. T.) is a brief atatement of tho causes which have produced tho present embarrassment anJ distress that surround us; it was an uufortunaie tam pering with the currency and the public deposites by the Executive of the Uuiied States. Our troubles have coipe sooner, but come lighter than they would have done, had the Treasury order never existed. Now for the remedy. The bill reported from the Committee on Finance, imposing additional duties on public officers, as be understood it, intends to cut loose the Government from all banks, and to authorize the Treasury Department to keep and disburse, as well as iollecl the whole revenue of the Government, dispen sing with bsnks sa fiscsl sgents altogether. This policy, ho thought, might well be questioned ; it would strike a portion of the American people like a shock of elec tricity, on account of the increased patronage and pow ?r il must confer on tho Executive srm of tho Govern ment He would not declsre in advanco that he would not no for it, but he would be slow in yielding it his support; and he hoped that a better remedy could be found. Ho had never been an advocste for using a lit ter of Stale or local hanks as fiscal sgents of tho Go vernment ; they contain within them.elves anUgon M nrincinlts esch possessing separste views, and looking to the interest of their own stockholders ; they cannot or will not act together in transmitting or disbursing the public money of the United States; and so ?? *bey are used ss depositories of the public money, embarrass ments snd occasional losses may be expected. Mr T said that ho waa opjwsed to taking any course here that would hsve a tendency to cripple or break down the State banks ; the people were encouraged o establish State banks, lo keep down s Dank of the U. States; they had vested their csptlsl to ?irery Urge amount in thcae institutions; many of these bunks were perfectly solvent and safe ; none more so than the banks of the Slate from which he came. I he banks of Indiana were waiting to see what Congress, the ex ecutive snd other banks could or would do. intending, at an early dav, to resume specie payment, and honestly to redeem all their paper, and he could give no vote to discourage or procrastinate so desirable an object. It is true that the banks had not acted well in suspend g specie payment and embarrassing the Government, but we should deal mercifully with them; a single breath from the Executive, saying to the Siste banks we no longer receive your paper in payment for duties and sales of the public lauds, will strike fifty per cent, oil the value of all the property of our constituents vested in these banks, indeed of all the property, of every de scription ; and he wss not prepared to sanction such s course. In the language of ihe W est, give us land office money ; whatever will buy land is as good as jjoU i? at par in all moneyed transactions in the West ern States. No matter however old or ragged paper may be, if it contsins words, letters and figures enough to be receivable for public lands, it is as good as gold, and it matters not what kind of money it may be; if not receivable in the land office, it is of uncertain and changeable value. It finds its way into the lands of the poorer class of the community ; they are liable to be imposed and shaved by the rich, in whose hands the better currency was a'ways found. 1 his would be the effect to the western people, if wo refuse to receive the paper of their banks in payment for the public lands , and he left it for Senators representing the interest ol banks, east of the fountains, to say what would be its effect on the interests of their constituents, should the General Government refuse lo receive their bank paper in payment for revenue; above all things, Congress should establish and maintai-. a uniform r,,rrcn,T Have the gentlemen forgotten how forcibly the honora ble Senator from South Carolina, (M. Calhoun) de acribed the influence of this Government on currency the other dav, when he ss.d if the United Slates would but endorse the note of the beggar, it will pass at par And will that Senator now say to a very largo portion of the people of this country, we cannot receive the pa per of your banks for public dues, when by that single act he will bankrupt thousands who have strong claim* both on the justic-' and ihe clemency of this Govern mtMr T said he woold not detain the Senate by an at- . tempt to show what an effect thc u.easures hefore it , would have on our commerce or exchanges ; he left that to abler hands. He pretended only to take a plain com- , mon aense view of tho mischievous tendency on the interest of his immediate constituent., and lo enter his protestthe.r beh.lf against tUe ru.^u.consequencj l that must follow the passage of the bill with the amend ments of the bill as proposed, lie ssid the course tha | he hsd marked out for himself to pursue corn,*!led him to vote against the amendment proposed tojlh.s bill by the honorsble Senslors from South ( aro ma and Mis souri Their smendment*, if a.lopted, looked to a refusal on the part of this Government st sn csrly day this Government, the psner of .11 banks, .md aretur tos metallic currency. I !>??. ??,d he, looks wel on paper but rt was impossible, in his opinion, to reduce ( [TTo practice. There surely wss not metal enough to answer one half ihe business TsnsacUons of On. i ?r, yrz?' '-""<?''??'?9 ? 1 =;/.r,r: 18He would vote for the proposition offered by ihe Senstor from Virginia when ^T.JnJ le m he more like preserving the V^rxyof the peopfc^? Stat* banks Lot os <*Uect from ihe Isle depoeii* riea the public money now in ihcir vaulta ; but, in doing eo, let us give time for them to |?y u. e?"* ing I bete institution*. . Tbia would enable tbe ban . indulge their creditor*, and go far to relieve "the em r rassmvut under which our country waa eutwrtog. eared not what thoaa in high pUcee thought, he couei dered it the duty of Uua Government to reluve the peo ple, wIm.ii that could be done with an eye to public jua tice. Congrca. now has the power of relief, and, in his opinion, this waa a proper occaaion oo which to exer cise it. The frequent chargea thrown out by thei late Presi dent in his Message to Congress against the Bank of tbe United Stmt*. had a tendency U> discredit it with the people, and we all witnessed ita downfall 11he con atant lauding of the State bank, by the President and his Secretary of the Tressury as depositoneeof the pub lic moneys, encouraged the people to take stock in these banks. They grew up aa i? were under Execu tive fsvor ; and will Congre.. now lend itself to break them down 1 The regulation of the currency, and tbe depositee of the public money, if wo intend to avoid embarrassment snd loss, should be under laws passed by th? joint wiadoin of ConfftM* ?nd not left to ic whim of a President and his Secretary of the Ireaaury. If the bills which had passed the Senate authoring an issue of Treasury notea, and that authorising tbe collection from the deposite banks, become laws, he would be gl.d to see the extra aeasion come to a close, ?ud let us return to our masters, tbe People, and coti ault them on what is to bt done. He did not atand here to regiater the Execuiivo will; he looked to the buva of the Weat, those with hard bands, wwm hearts, and strong arms, who fell the forest, hold the plottg i, and repel foreign invasion, for his instructions; it waa their voice he fell bound to obey ; it waa their wi.bes and interests be came here to repreaent. If the ex ecutive desires the additional responsibility of keeping and disbursing, as well ss of collecting the rcvemio of the country, he now enjoys it under the regulations ol the Tressury Depsrtment since the suspension of spe cie payments, by tbe deposite banka; and he warned honorable Senators, who, like himself, wished to sus tain the present Administration, provided its conduct entitled it to tbe support of the people, to be caretul how they entered on new snd dangerous exjierimeiits ? If be were bent in breaking down an administration, he would give up to it tbe unlimited control of tbe public money of this Government. He should not vote for the bill reported from the Committee on Finance, but he would vote for the motion of the Senator from Georgia to postpone the whole subject to tbe next session of Congress, when we shall have an opportunity to ascer tain the wishes of our constituents; it is good lor us occasionally to consult the sovereign people. HUMOllOUM SPEECH. Mr William Cost Johnson, at the evening session of the 12th, rose and requested Mr. Por? to give way, as be appeared evidently exhausted, and be would pledge himself, and the honor of every member on the floor, that he would be listened to on to-morrow with the greatest pleasure, for the conclusion of his able and elo quent discourse. Mr. Pope acceded to the proposal. Some gentleman moved that the committee rise, but withdrew his motion at the request of Mr. Johnson. Mr Chairman, ssid ho, in thus thrusting myself upon youi patience at this late hour. I appeal to the magna nimity of gentlemen in the hope that they will indulge ma for a short half hour. The question before ua is all important to tbe great farming interest of the country. I tare the honor of representing that intereat exclu "T'said, sir, I would crave your attention for a half hcur. When Walter Scott was asked why he had not witten the Life of Bonaparte in one volume, he .aid, I had not time. If I should encroach upon the time 1 haw limited to myself, 1 pray vou to consider the^ an swer of the Northman writer as applicable to myse . 1 have nol had the time to dive into tbe question in all Us beings, and consequently shall not he able to express mvecli in the briefest and most felicitous manner. lefore I go any farther, as we are in commute con sidering the state of the whole Union, I will ^take this occasion of rendering ihe amende honorable to the I ost lutfker General. I stated in my place on a former oc casion, that the Post Office Department was corrmted to tfte core. In saying so, I did not mean that the Post master General was personally liable to thia Ai.d I would have then discUimod iinputingany such tJ thst gentlemsn, but for the fafrUut I met with two challenges, fivo threats to co , and God knows how msny menaces to be caned to death. I had said, and I say it now, if any man calling himself a gentlcvtan were to challenge me. I ^ould sc cept Ins proposition without delay. I ndcr such cir cuinstanccs, I could nol explain. Now. sir. these things have been all arranged, ?nd 1 take pleasure in .?> mg. that I did not mean any thing offensive to the I osimas '"?r;r;^r .?rore... t,? member from South Carolina, (Mr. 1 ickens.) and of several Virginia inembcrs. appears to me moat inexpli cable. They come up here with the Constitution in their hands, to preach against ihe banking system. Well, sir, do they give us a plain common sense view of tins instrument 1 No, sir. They appeal to the opi nion of Mr. Jefferson! Now I do protest against this profanation of that great man's name. No one can re verence it more than I do, but I read the Constitution, and dare to interpret it for myself according to ihe rca 80.1 Cod has given me. Not so with these patriotic South Carolinians snd Virginians I here were men I Virginia and Carolina, sir, m times gone by who dared to Sink for themselves ... interpreting ih'.^m.men^ | Then are gone, and we have in their stead new lights depending for their thought., their opinions their iwluical creed, and their legislative principles on Thorns, Jefferson and the true Virginia doctr.dm.of 179S Between these t-o authorities they veer from time to time, and when thoy iw longer suit their viows, ] they flv to Jatnes Madison. For shame, gentlemen - What would you do if the point d appui of your politi Thev'wcw'ld be m the condition of the brother of the nrescnt Attorney General of Maryland, (Mr. Bailev ) 0? the Eastern .horo of Maryland, in lor.nci times, there was a knot of sincere federalists. 1 hey were n tbe habit of meeting every week to get -ncr.y^ over their cups. These were the days ol America i hospitality, sir." [Members crowded round the Speaker r ' IpiJsilence. 1 The news of the death of Gen. Hamilton was received at one of their feasts where wine and reason flowed in equal streams. 1 hey broke their classes for grief at the loss ol the great chief of the federal party. Various were the laments made by eviu"V nn?r of the coterie. Mr. Bailey had sat all .he title silent. His grief was of the deepest dye. H emptied his glass, however, more frequently than usual Mla,t he broke out with an earnestness of manner tha nuieted his companions: "Gentlemen, saul he. I have more cause of grief than any of >ou. it can never W asWd while 1 live !" ? What is ,t-what is U ! were the exclamations consequent on this bold declara ?? Whilst Gen. Hamilton lived, his opinion* per fectly accorded with mine. I was then spared the trou Kl? of investigating things. Now, only think of l, 1 j thall I't compelled to think for myttlf." [ 1 remendous | '"t^ould be with the members on this floor if Thomas Jefferson's opinions were to be suddenly themselves, ...d great would be their lamen t.t.ons, but less long their speeches. [bull greater lang > ,1 Give me, sir. the old fashioned V irgmisn and Csro Imlan who used to think for hiinsel . .nd d.re to ex pre*, hi. opinions too. When Mr UwndM w.. told 'on this floor thai a National Bank was ^ncoMtltut.onjU what d.d he say ? " Gentlemen have urged that the Constitution should be so amended as to Pv?P?' to Congress to chsrter a bank. - ow, ml,ie to jections to this. The first is. 'if the proposal be | the States, I believe it will be rejected. lh" "J I is I believe the power .Iresdy exist* :n the Constitu uon. He wss 'opposed. Mr Ch.irm.n, at ?hc timely ] every member from his own Slate, Tct . | k man to sneak bis honest sentiments. Hc d'd not. h Tour modern politicians. ?-ek to get under the .hieW of Thomas Jefferson God 1 '.ows they p|.ce to hide their L.lliputmn notions in. and they M?e justly chosen the Virginia doctrmc. .ihI Ih#.n..Jef ^'^.oXr^nchof thi. I^'^ture weh.verrn on a most magnificent .cale, tbe grand olay of b.di Irek The gentlemen who, within . few works pa?. untamed the princiital'ch.r.cter, en.eted it "" "" bly th.t old Proteus, when caught by the ?h<,l'h^"1 1 w thrown into the sh.de, I tr.ed .?f?^? Chairman, in hia two last speeches, ji came hew.ldo-ed. Before I would fo .win h? is hi. friends on this floor have done, I w turncj political jugular ! [A he.rty l.ngh. and all eye. on Mr. Pickena, who laughed too ] We have been told. sir. by the g'ntlemenfrom W gmu, Mr. llobcruoo. Uiat we are nol to legislate for pos lenly. Thia reminds i no of a debate in the I rich par liament. Some member, equally fortunate, bid uttered the aame unwise doctrine He wis called to account in ike ?overeat manner. The Irialiman roae to explain, " Mister Speaker, by poatberity 1 did not mane our an ciatora, but tbe gmerstion that iinmsdiately aooccaded thim, and hence 1 aay thai aa poetherity can do good no to ua, let poslhen.lY take care of uself." The gentleman's reaaona for not legislating for posterity are equally lucid with those of tbe Triahman. [Here the laughter became ao loud, and continued ao long, that Mr. Johnsou caught the infection, and laughed loo ] This aame gentleman tella ua, air, of hia voting fur the bill brought in, in 1834? by Gen. Gordon. 1 aat, Mr. Chairman, when tbe ayea and uoea on that bill were taken, mat where our diatmguiabed Senator now aita. [Mr. Webster waa anting on ibe platform on the left of the Chairmau. All eyea were turned lowarda him He bluahed to the eyea?pretty good for a lawyer!] I waa philosophising. Some members turned |iaie?aome red ?aome fiduettcd?aome were ailent, and aome walked out of the House, when their namea were called. But the old hardened ainnera, the regular green bag politi cians never blenched or blualied. They voted with all the aaug froid of the Indian. Among the latter, I no ticed my able friend, tlie member from Virginia, Mr. Kobertaon. [Convulsed laughter. Mr. K. bluahed thia tune ] He talks, Mr. Chairman, of divorce. Why, air, he tried to inerrv the people to thia Mine measure iu 1834. It waa ? skeleton, then, he saya. Now, I have no love for akeletona. How ia it that hit lore has cooled down when the Chairman of the Committee of Ways and Meana has givrtn hia skeleton flesh, blood, fair propor tion and beauty ! He is now opposed to the Sul -Trea sury ineaaure?then, he waa for it. Waa it because the gentleman, being scarce of flesh and blood hitnaelf, felt a sympathy towards Gen. Gordon'a bony ekeleton !? [Mr K ia very thin 3 Korfend me from such nuptiala ! [Poor Kobertaon looked as if he could shoot Johuson. Laughter louder (ban ever ] Mr. Johnson continued for one hour and a half in this felicitous strain, exposing the vanity, folly, ignorance and rascality of the politiciaua on the floor of the House. I have given you the marrow of hia discourse. He wound up bv showing the disastrous edicts of Mr Cal houn'a amendment upon the productive labor of the country. A LKl'TElt FROM MR. SMITH, MEMBER OF CONGRESS FROM MAINE, IV VINDICATION OF UlS VOTE ACAINST THE Sl'D-TREASUtY BILL, To the Editor of the Eastern Argus. Sir,?The various efforts that have been and Mill are being made, from motives that 1 will not charac terize as they deserve, to misrepresent my views and purpose in the vote 1 recently gave in Congress on the Sub-Treasury Hill, render it proper, (humble and unimportant as they may bj at all times except lor my own vindication.) that 1 should explain publicly what my views and purposes were, and still are, up on that subject. My position in the House of Repre sentatives, as Chairman of the Committee ol the whole House, during the entire period that this bill was under discussion, precluded me from declaring my opinions there, and from fortifying them in that way against the malignant artifices ot mean dema gogues at home. 1 may properly remark here, that the friendly rela tions I have at all times maintained with both the late and present national administrations of the Federal Government, and with the Executive head of each, have rendered it a matter of sincere regret and pain, on my part, to differ with the views or policy ol either, on any subject of great public concern. 1 may add with truih, that, regardless of my individual con victions, ou all subjects involved by the policy ol cither administration, upon which t have conceived the will of my immediate constituents to be settled and known, I nave faithfully reflected that will in my votes, as their representative. I have held such to be my duty, and I recognise obedience on the part of the representative to the known will of his constituents, as a cardinal principle of the Republican creed. Hut when new and untried measures have arisen for de- | cision, such as had notoriously undergone no discus sion or deliberation among the people?such, tor in stance, as the late act to deposite tne surplus money with the people instead of with the Banks?I have endeavored to weigh their character and consequen ces with every degree of care, and to thfcik and aet, upon my own responsibility as became tne represen tative of a frer people: conscious of no other guide bat an earnest desire to sub-serve the bist interests of my constituents, and the honor of our common coun trv; always happy if 1 found myself therein con curring with the particular views of the Execu tive of the people's choice, but no less decided and determined in my course, if I found mysell differing with his opinions. , . . l For what other purpose does a man, claiming the spiri. and intelligence of a freeman, consent to un dertake the trust of a popular representative under a government like our own, but to think and act upon his own responsibility in all cases where his consti tuents have not inade known their own judgment ana wishes for his guide 1 Where he has an expression of their judgment and wishes, it will be alike his pleasure, if he ba a republican in his feelings, and ni< duty, if heba a faithful officer, toobey it. Where this is wanting, is he expected by iiis constituents, to cast off his high character of a representative ol the people, and bacome the mere representative ol th- Executive t Is he to suspend his own judgment, an.l surrender up the hign prerogative ol thought and decision, tothe Executive branch ol the Govern ment, and follow only what may bs the Executive recommendation and opinion?thus breaking down the whole system of constitutional checks and balan ces existing between the Legislative and Executive Departments, and resolving the whole government into the judgment of a single individual 1 ami re gardless, too, of what may b; his own recorded opi nion, and that of his State, upon the same sub ject 1 Is it such a subservient creature, that the free and intelligent people of any District in this nation desire to see, and find, in the votes of their represen tative 1 . , . ? I do not for one?I never have, and never shall claim to bathe representative of such a people. Un the contrary, were I to act the part ol a subservient sycophant at the foot stool of Executive power and fawn upon or flatter Executive will, 1 should>? ob noxious most justly to the charge ol dishonoring (In spirit and intelligence of my constituency; and ot deb ising the majesty and influence ol a Iree people s suffrages, to win, perchance, the temporary smiles of Executive olficers, to accomplish selfish ends ot mv own. No?my constituents, il 1 know them as 1 think I do, have expected no such things ol me ttle present Executive of this nation would be among the foremost to despise such weakness, and subservi ency in any Representative, il 1 have not also en tirely misjudged his character. He is too magnani mous not to wish the members of each co-ordinate branch of the government to act with the same free dom and independence that he claims for himsell. And most especially did he invite, in his late Mes sage to Congress, to approach the subject ol a Sub_ Treasury system of national finance in. this spirit ol freedom! and with judgments unshackled by every personal and party consideration. He spoke of it as became a statesman, and the head ol a free and intel ligent people. ?' Tho subject," says he, M is of great importance ; and one on which we can scarccly expect to be as uni ted m sentiment as we sre in interest. It deserves a rvtu iin,l frse discussion, and cannot fail to be fcrjie fitted by a dispassionate companion of opiniona >> ell aware tnvsclf of the duty of reciprocal concession among tho co-ordinate branches of the government, I can promise a reasonable spirit of co operation. so fir as it can lie indulged in without the surrender of consti tutional objections which I believe to be well founded. Any system that may be adopted should be subjected to the fullest legal provision, so as to leave nothing to the Executive but what is i ccessary to ihe d.acharge ol the duties imposed upon him; ami whatever plan may Or ut!,match established, my own part shnll be so dischar ged as to give il a fair trial, and the beat prosjiect of #ucccs?." What an elevation of character?liberality of sen timent?toleration of differences of political opinion ?what an invitation to scrutiny and Irec discussion, is here exhibited by the President, contrasted with the spirit of denunciation and factious littleness ot purpose that characterise the writings and party dogmas of the hired or disappointed newpaper hacks and political demagogues, that infest this and other cities and villages! These are swift in their zeal to denounce every person, without regard to what the testimony of his whole political lite may be in hi fatfor, as " a deserter of the Republican party ^an 1 opponent of Mr. Van Buren's "dm.nistration - 1 who dares to exercis: the freedom of thought and dis cussion which the President has himsell so properly invited in relation to his proposed Sub? 1Treasury ex I pei intent, and the which no President has a right to five to, or take from any man. But 1 feel wry much that 1 ought to crave ihe candid reader's par dim, for ao iqurh a* having alluded u> the grovelling claw of pditicai vulture*, iu the same paper wbereia mention is made of the high-toned patriotism and liberality of Mr. Van B< kkn'? message. When the republican party (hall cease to tolerate trails of free dom and intelligence like thove encouraged by the late message, tbeu to 1m saparated from its ranks will be the fervent deatfe of every reflecting citizen. Much a period lias MfefKt arrived, and I trust it ne ver wilf Before the delivery of the late message of the Pre sident to Congress, and subsequently to the suspen sion of specie payment by Banks in May last, the idea of divorcing the government from Banks was revived. It was soon indicated to tbe public, that the Executive Branch ol the Goverum-nt was favor ably disposed towards it. Several Conventions of the friends of the administration in this State and el <ewhere (assembled for the purpose of nominating candidates for local otHces) passed resolutions incli ning the same way, but In their nature they were ne cessarily non-committal and settled nothing, for no detuils of a system w ere embodied, and no very de finite notion of a feasible mode of divorcing the Go vernment from Banks was communicated to any one by such resolutions. More Conventiuus, however, entirely omitted to advert to the subject. But II I mistake not, the republican convention in this coun ty in August I ist also passed a resolution of this t? drfiniU character.* And my own intnd has strongly i inclined for some time to wish such a measure prac ticable, though I could never satisfactorily compre hend it, so as not to le.tr up and distutb the many bu siness relations of the country that have taken root under the fostering influence's which the policy of the national administration for years past has labor ed to throw around the local b ink system, as the only safe, politic and constitutional engine of commerce, enterprise, credit, and public and private finance. Supposing, however, that no plan oonoxious to such serious objections, and certainly none that had at anv tiinc bjen repudiated under President Jackson's ad ministration, would be brought forward by the Exe cutive, I was prepared to weigh with candor and fa vor any plan for It that might beuuggested: and when the message of the President came, I read and studied its propositions with all the care and judg ment of which 1 was capable. In weighing them with the freedom which I felt it mv duty to exercise, and the which the President himself invited, as 1 have already shown, I con Id not but hesitate in re gard to them. I saw them admitted bv the whole te nor of the message, and expressly by the report of the Secretary of the Treasury, to b.*; n experiment?a new and untried system. 1 recalled the votes 1 had myself, and conjointly with all wiy rrpubhcun col leagues in Con# rets from this SUiU, given heretofore iii>on propositions having the same end in view, and also an exclusively metallic currency lor all thepur jKise.s of Government. I compared those lormer pro positions with those of the message, and found tnem substantially the same. The votes now alluded to were given in the House of Representatives on the third of January and eleventh of February, On the former day, a proposition submitted by Mr. Gamble, of Ga. came up for consideration in the fol lowing shape:? " RctolecJ, That the Secretary of the Treasury be directed to communicate to this House whether, in h s opinion, it is practicable or convenient for that Depart ment to COLI.CCT, SAKEI.V KEBP, Slid DISBURSE the pub lic moneys ol the United Slates without the agency of a hank or hanks, and if so, to report to this House the best mode, in hia opinion, by which that object can be accomplished." [House Journal, p. 157:] This proposition was discussed on two several days. Mr Polk, Mr. Cambreleng, of N. York, Mr. Filltnore, ofN. York, Mr. Jones, of Geo., all friends of Ihe administration, ably opposed by argument its adoption. Mr. Cambreleng, now Chairman of the Ways and Means, who reported the Sub-Treasury bill "at the late session, in reply to Mr. Gambles views said emphatically :?" I apprehend that the project referred to by the gentleman from Georgia (a government agency independent of all binks as sug gested by President Jackson's message in 1830) as meeting his (Mr. Gamblers) views, would meet with but very few friends.". [See Cong. Dtb. V. 11, part P- ? . . Mr. Jones said," you may prevent the State banks from being made the depositories of the public mo ney. But this, so far frjni proving a benefit, will prove an exjien.se, ujefcssand unnecessary. Y ou must erect buildings suitable for such depositories, and you must employ guards to protect them. All this ex pense may be saved by the employment of State Banks." [Ibid] Mr. McKim, then and still a member of the Com mittee of Ways and Means, and always a devoted friend of both the late and present administration, after full debate, moved to lay Mr. Gamble s resolu tion on the table. This motion -prevailed by a vole of 106 to87. The whole administration ?tren*hm the House voted in the affirmative. The vote of the delegation of this State against Mr. Gamble's resolu tion stood thus :? AYES?Hall, Kavanaugh, Mason, Mclntire, Smith. NAY?Evans. Messrs. Jrrvis and Parks did not vote. Thus decided was the expression thus given by the administration parly in the House, and by the dele gation of this State against Sub-Treasury agencies and a divorce of the Government from banks. On the 11th of February, following, (1835) the bill to regulate the deposites In local banks (the "Pet Bank" System) was under consideration. Mr- K**" bertson, of Virginia, moved "that said bill be re committed to the Committee of Ways and Means, with instructions so to amend the same as to dispense with Ihe agency or instrumentality of banks in the fis cal operations of the Government. ' This proposition was voted down by 115 toOl, including In the former number all the administration members of the House, and all ihe republican delegation from this State, viz ?Messrs. Hall, Jarvis, Kavanaugh, Mc lntire, Mason, Parks, and myself. Then Mr. Gordon of Va. moved to strike out all after the enacting clauses of the bill, and insert, 1st a provision to mike the Collectors ol tbe public revenue agents of the Treasury, to keep and disburse the public money. 2dly?.1 provision for the appointment of addition al agents of the Treasury to act as receivers, keepers and disbursers of the public revenue, where the revenue collected shookl exceed ? amount, and to give bands, &e. , 3iilv?a provision that after the ~"ay ?f '"e whole revenue of the United Slates derived from customs, lands, and other sources, shall be paid in the current coins of Ihe United States." These several propositions were voted down by 161 to33, including ail the administration party of the house and a majority of the opposition party, in the former numbr-r, ancf with them the whole dele gation of this state, viz: Messrs. Evans, Hall, Jarvis, Kavanaugh, Mason, Mclntire. Parks, and myself. (See House Journal Feb 11.1*35, PP, 366 & 7J Thus was the present Sub-treasury scheme, in all its length and breadth, and identically in the shape, so far as b >th principle and design are involved, of the one that was introduced at the late session upon ihe recommendation ol the President, voted upon and condemned by an overwhelming vote, and by the unanimous vote of the Delegation of this State! Nor was it voted upon without consideration and argument. I recollect well of listening to the cble exposition of its impracticability and insecurity,and inconvenience, made bv the then administration Chairman of the Committee of Ways aud Means, and now the administration and talented Speaker of the House of Representatives, Mr. Poi.k. I ''ay? tinned with pleasure to his speech as reported on the occasion to refresh tnv recollection, and cannot lor bear to quote so much of his argument as was agiinst the proposed Suhtreasury experiment and metallic system of the two Virginia members?ihe same substantially, as 1 have already remarked, that was presented for adoption, and for voting against which, as I did formerly, 1 am charged with aban doning the republican party! Extract mo* Ms. Poi.k's RprrcH.?"A gentle man from Virginia. (Mr GORDON.) has ..gn.fied hi. intention to move the amendment to this hill which ns presented and had printed by order of the House^aome days ago. Thai amendment provides Ac. ? The Secretary of the Treasury, m his report, haa not overlooked the description of personal agency here pro posed, but has submitted to Congress lua viewa m re lation to it. lie states that this "kind of personal agen py is, in hia opinion, lo be avoided in all practicable ana * Since writing the ntiove I have seen the resolution here alluded to. The Sub-Treasury bill of the adminis tration involved a total repudiation of the use of any " e iiiivalent" of specie, after a limited period, and propos ed to accomplish one of two thine*?to discredit the pa yer eur.tncy of the country, or to demand a different cur rency for the government from that which the people would lie compelled from necessity to use in thrir trantnetumt thus creating a distinction between the government a cur r ncy and the people's currency. The Cumberland reao lutiun, which goes lor apseie or it* equivalent, la as fol That it is both unconstitutional and inex pedient to re-i,barter s Bwk of the that the national revenue adapted to U*w.>? 1 mimical i.d ninistration, should Ik- collected in aritcit OK JJ.iWra* ; and the Trea.unr so modified as to Uk. charge of 'he fiscal concerna of the Government, uncon rmcicd with the banking ayaieia of the country