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department since the suspension of specie payments 1 by the banks, it U proper to add, that the note* ol 1 those institutions, though to koute extent tolerated by law in the transactions of the Government as long a* redeemable and redeemed in gold and silver, ate expressly prohibited to its use wben no longer so re deemed ; that it was in obedience to the law that this department, on the suspension of the banks, took prompt measures to prevent tbeir receipt and avoid their disbursement in its own operations; that the suspension of payment by ibe banks occurred iu the month of May, one of those months in which the quarterly balances due to contractors are chiefly paid off; that the entire available means of ihe de partment for that purpose were deposited in the bonks; that the department had no alternative but to continue iu warrants on the bank*, or stop pay ment altogether; tbal inasmuch as the banks had Slven no notice of an intention to refuse gold and Iver or their equivalent iu paying out the deposites ol the department, it was cunsideied no violation of law to draw on them as ii nothing had occurred; for that reason, as well as to avoid an absolute stop page of payment, and gain time lo accumulate a spe cie lund, the issue of warrants on bank* was con tinued, but in sunt steps were taken to provide a spe cie fund for the payment of such as might be return ed with proof of the refusal of the banks to pay them in gold and silver;, by the lime ihey began lo return, the department had an ample fund for their Payment, and in every instance thev have been paid in (he legal currency of the United States. By these means, without sanctioning or countenancing the re ceipt or disbursement of depreciated bank notes, this department has b?en enabled thus far to outride the storm, with its credit unimpaired, and is confident in its capacity to carry on its opperatio .s, according to adveronl'***' receiving and disbursing gold and Very respectfully. Your obedient servant, ? . _ ? AMOS KENDALL. Hon. James K. Polk, Speaker of the Hume of Representatives. DEBATE IN THE HOUSE OF REPRESENTATIVES. WeoNEsmr, December 13. TEX Ml. Mr. ADAMS having moved the reference of the memorials, presented by himself and his colleagues ,r2? Massachusetts, on the subject of the annexation of Texas to the Union, to a select committee, w ith Instructions to report thereon; and Mr. HOWARD or Maryland, having moved their reference to the Committee on Foreign Affairs? Mr. ADAMS said, that when he presented the motion now under consideration, he had staled that it was with the assent and approbation of all his col leagues of the Massachusetts delegation in that House. They had all presented similar memorials, numerously signed, containing the same remon strance against the annexation of Texas to this Union, to those which he also had presented. Like himself, they too had viewed this question as one of the deepest consequence to their constituents, and to the whole country; and as a question which involves even the integrity of the Union by which this Confe deracy is b9iind together; a question, in short, of the most deep, abiding, and vital interest to the whole American nation. For, said Mr. A. in the face of this House and in the face of Heaven, I avow it as my solemn belief that the annexation of an indepen dent foreign Power lo this Government would, ipse facto, be a dissolution of this Union. And is this a subject lor the peculiar investigation of your Com mittee on Foreign Affairs 1 Mr A. thought it to be no part of the duty of that committee to consider the subject-matter of these memorials; to investigate that which struck a blow at the very vitals of the Government. The question involved was, whether a foreign nation, (acknowledged as such, in a most unprecedented and extraordinary manner, by this Government,) a nation ' damned lo everlasting fame' by the reinstitution of that detested system, slavery after it had once been abolished within its borders' should be admitted into Union with a nation of free men1 For, sir, said Mr. A. that name, thank God is still ours 7 And is such a question as this, he far ther asked, to he referred to the Committee on /V reten Aflhirs 7 Mr. A. went on to remark, that the exact grounds upon which the memorialists base their prayer are not yet officially known lo the House. He had said that he had presented one hundred and ninety peti tions upon this subject, signed by some twenty thou sand pe sons, and lhat his colleagues had presented collectively, a still larger number; and he might have referred to the fact that many other members, from other Slates, had also presented similar inemo nals, on the same subject. His colleagues, he said did not think it fitting to move the reference to a se lect committee of any others lhan those petitions which they and he had presented, therefore he had not done so. But the grounds,upon which the prayer of all of them was based were the same. Different reasons and arguments may be adduced in support of them; but they all had one object, and not one of them contained aught which had the least possible connexion with the foreign affairs of the country. The People of Ihe Commonwealth of Massachu setts who have addressed these memorials lo this House, (continued Mr. A.) have been deeply alarm ed by the prospect before them, in relation to this sub ^e,cT!iey ?iave observed, wilh a.'arm not unmin g'ed witb terror, the recent conduct of the Govern ment towards Mexico. They have been deeply af fected with what they have conceived to be tne ex ceedingly equivocal course of the Government, dur ing the last, and, as lar as it has pone, of the present Administration, upon the .-.flairs of Texas. One strong reason of this remonstrance, on the part of his constituents, arose from the facl that the nation now sought to be annexed to our own had its origin in violence and fraud; an impression by no means ?weakened by the impulses given by the late and pre sent Administrations lo push on this senseless and w;icked war wilh Mexico. They have seen the ter ritory of lhat Republic invaded bv the act of the Ex ecutive of this Government, without any actii n of Congress; and ihey have seen conspirators against that Republic coming here, and contriving and con verting their plans ol operations wilh members ofour own Government! And, amidst all these demonstre stranons of the true stale of the case, thev have heard the bald and unblushing pretence, lhat ihe people of Texas were struggling for freedom, f;nd that the wrongs inflicted upon them by Mcxico had driven them into insurrection, and forced them to fight for liberty! The CHAIR remarked that, pending the question of mere reference, it was not in order to discuss the subject of the annexation of Texas. Mr. ADAMS resumed; and remarked, that one of the grounds of objection set forth in many of the memorials submitted to this House is the statement that this nation of Texas originated in fraud end vi olence; and the gentlemnn from Maryland demands that this subject be referred to the Committee on fo reign Affairs'! Why, sir, (demanded Mr. Adams) what would be the reply of that commiitec lo such an objection on the part of the memorialists, if such a reference Mere made 1 Would it not be, that with such an objection they had nothing whatever to do 7 { t whether knaves, or rcbbeis, or thieves?with the character of that people, thev hed no concern whatever in the inquiries it was their peculiar pro vince lo make 1 But it did appear, he must say lo him, that when, if admitted, tne new State would infuse its venom into ihe pure streams of our own country, the expediency of such admission should be carcluliy and anxiously inquired into, and an oppor tunity be afforded those who make such allegations to prove them tri e. a Th!rre i'a,d !*cn rccenl evidence (continued Mr. A.) afforded the country as to ihe real origin of the insurrection in Texas. A citizen of Virginia (Dr Mayo.) who for years has been appointed lo offices of trust and profit under the last Administration, has just issued a pamphlet in this city, which er.n be found on sale at any bookstore, in which the author givesaeopy of a letter written bv himself in Decem ber, 1830, to the President of the United States in which he declared lhat, in February, 1830, the per son now called President Houston did, in this city disclose to himself the author of the letter, all his designs as to this then State of the Republic of Mci A"d whoever will read that pamphlet will find that what that letter Ihen contained as ihe disclosure of a scheme to be executed,is now a matter of history. It was written, be it remarked, in De cember, 1KJ0, and discloses the paiticulars of a con versa Hon which detailed the plan of the conspiracy*, since consummated, against the Republic of Mexico to rob that Government of the province of Texas ' ' After this disclosure (said Mr. Adams,) let gentle men arise here, and fnlk to us, sir, (bout Texians fighting for liberty !?abjut Texians driven to insur reciion by the wrongs inflicted on them bv the Re public. Mr. A. then inquired what were, in reality, the pretences upon which the disseverment of Texas from the Mexican Government was justified. He said, that as early as 1824, the Legislature of the Re public of Mexico, to its eternal honor, passed an act for the emancipation of slaves, and the abalilion of slavery; and the only real ground of rebellion against the Government of lhat Republic on the part of Texas was lhat very decree, the onlv object of I the insurrection, the revival of the detested system of slavery, and she had adopted a Constitution denying ' evertoher Legislature even the power of ever cman- i cipating her slaves, Aj a further reason for ni* wUhtng 10 1 memorial* to the Committee on foreign JflUn.? ? Aim mm kaid that he ?UW to speak re*pect*ull) oi the gentlemen cotupontag that couiinitien. bu > ? must sav that it was not constituted in such a manner as to induce the belief that ibis report would be in accordance with the wishes of the memjrialiMb,* ih the presentation of whose peliuons ?l? colleagues and himself had teen entrusted At the bead ui that committee is a gentleman (Mr. *boi>, himself, a slaveholder, and tt was to te feared, who <-n>ertained a widely dillerent opinion, as to t he ?no ralitv of the institution of slavery, lrom that hew Dy the great mass of the memorialists. Mr. A. saw ne had reason, even, to fear that that gentleman tavors the annexation of Texas to this Government, anjl ne feared and telieved that such were the sentiments oi a majority of the committee of which that gentle man was chairman, and to which he now ^ refer these petitions. Independently of a.I ne baa said. Mr. A. moreover contended thai it was Mrictly conformable to the parliamentary rule, when com mittees are to te appointed to consider the prayer of memorialists, to appoint a majority of such commit tee in favor of that prayer. I his seemed to Inm as one of the incidents of treedom of opinion itself; ne cessary to carrv out and perfect that ireedom; and he contrasted ihe character of a committee thus appoint ed, with that of a packed committee ; instancing the Committee ofWajrs and Means of the House, which, he remarked, could pass upon petitions of the people without so much as reading them in committee, as had teen acknowledged by the majority of that com mittee in a publication, to which their signatures were affixed in the papers of that day. And yet, sir, added Mr A., it were better that such should be the fate oi such memorials as those under consideration, than that they should tereferred to a committee con stituted like that to which it was proj>osed to refer them, bv the gentleman from Maryland. Mr. ADAMS sgam alluded to the fact that six out of nine of the Committer on foreign Affairs were slave holders ; and he took it for granted th.t evcrv member of the House who was a ?la?ebolder vraa ready for the annexation of Tcxs. to the Union. This measure in volved a principle with these gentlemen : for it* accom plishment was sought not for the acquisition of so much new territory to the country but as as a new buttress to the tottering inatitution of slavery. Mr. LEG ARE, of South Carolina, hero interrupted Mr Adams, and remonstrated against the reiteration of remarks which, if the latter would but reflect, he aver red, would be acknowledged to be unfounded. Mr ADAMS claimed the right to go on without in terruption, and called the gentleman from South Caro lina to order. . , , Mr LEGARE was understood to say, as he sat down, that the time for this discussion had not yet come, though it soon might, and advised the gentleman from Massachusetts that "sufficient unto the day is the evil Mr. KHETT, of South Carolina, hoped the members of the House would suffer the gentleman from Massa chusetts to proceed without interruption, and hear him through this most extraordinary speech. Mr ADAMS proceeded, and repeated that one great objection to the proposed reference was, that six out of nine upon ?he committee were slaveholders, and were, therefore, not a proper committee for such a reference. They were in feeling and in interest committed in favor of that against which these memorials remonstrated ? He would sav, with all respect to the two gentlemen from South Carolina, (the moat deeply slaveholdmg 1 State in the Union,) who had just taken their scats, 1 that whether the discussion arise now or hereafter, was | as immaterial to him as it could be to them ; it must I come ! And though it might for the present be delayed, ' he did not believe it would forever be smothered by j previous questions, motions to lay it upon the table, and all the other means and arguments by which the institu tion of slavery is wont to be sustained on that floor? the same means and arguments, in spirit, which in an other place have produced murder snd arson. Yea, sir, continued Mr Adams, the same spirit which led to I the inhuman murder of Lovejoy at Alton The CHAIR here interposed and remarked that the ! gentleman from Massachusetts was straying widely I from the question of reference, which was immediately I under consideration. Mr. PETRIKIN of Pennsylvania sent a written rno i tion to the Chair, which was not read, the Speaker dc i claring it to be, at that time, out of order. At the re quest of Mr Dawson of Georgia, it was withdrawn. Mr. SNYDER of Illinois, asked the Chair if he should be permitted to reply to so much of the remarks of the | gentleman from Massachusetts as related to the recent Alton affair 1 The SPEAKER decided that what was said out of I order it was not competent for any member to reply to ! in order. I Mr SNYDER must, then, he paid, call the gentle ! man from Massachusetts to order, and move that he take his seat. .... , , Mr. ADAMS should do this when tho sense of the House indicated it to be their will. The CHAIR decided that having been pronounced out of order by the Chair, and a motion made by a mem bet that he take his seat, according to the rules of the House, the gentleman from Massachusetts would do so. . Mr. RHETT went on to make some remarks, ex pressive of the hope that gentlemen whom Mr. Adams, as he alleged, had so gratuitously assaulted, might be allowed an opportunity to make a reply, when he was called to order by the Chair. Mr. ADAMS said, in reply to the last observation that hail fallen from the Chair, that he would proceed without even so much as a whisper more in relation to the recent affair at Alton He was proceeding, when The SPEAKER said: the gentleman from Massa chusetts will take his seat. Mr ADAMS resumed his seat for a moment. Mr. BOULDIN, rising to address the Chair, Mr. ADAMS rose and asked by what decision he had been bidden to take his seat? The Chair repeated what he had before said, and read the rule again. Mr. ADAMS then said : But 1 had said I would not utter a whisper even to the winds of what it had given the gentleman from Illinois so much uneasiness to hear. The CHAIR insisted on the rule. Mr. ADAMS. And does the Speaker, when a member is out of order, porem ptorily bid him to take his seat 1 The CHAIR again explained the requisition of the rule, and the dutv of the Speaker to enforce it. Mr. ADAMS." But there is certainly an appeal to the House ; and to the House I appeal, and ask the yeas and nays. The yeas and nays were ordered. Mr. IJOULDIN claimed the floor. He had risen to address the Chair, after the gentleman from Massachu setts had resumed his scat. If there was to be an ap peal from the decision of the Chair, it should have been made before another member obtained the floor. The Speaker said that, strictly speaking, that was true; but the nature of the case seemed to require a more liberal construction of the usual rule, in such cases. , ? . Mr GRENNELL put this question to the Chair When a gentleman makes a motion, the effect of which is to permit him to proceed, is it not understood that this motion involves the condition that he proceed "in order!" The CHAIR said certainly. Mr. ADAMS declared that to have been his declara tion, in what he had already said, when called to order by the Chair. The veas and navs being about to be called, Mr SNYDER withdrew his objection, and Mr. ADAMS proceeded. He said that, as there appeared to te an indisposition on the part of a por i tion of the House to hear him farther upon this to pic, at this time, he would abridge his remarks, and ' hasten to a close. What he had said was intended I to enforce the objections which he had stated against i the proposed relerenee of the memorials from Mas j sachusetts to the Committee on Foreign Affairs : | first, that the subject-matter of those memorials was ! not appropriately referrible to that committee; and, i secondly, that that committee was not, in itself, a properly c :jstituted committee for such a reference, | inasmuch as six out oi nine ol the members com ' posing it were already committed, by feeling and position, adversely to the object and prayer of the petitioners. He had allowed himself, while urging these objections, to make some remarks upon the spirit manifested in this matter by gentlemen simi larly committed, and bv those sections of country to whfeh they telong; and thence to argue against the propriety of the reference proposed by the member lrom Maryland. Nor was this objection, he con tended, at all inconsistent with that respect which he entertained towards the gentlemen composing that committee, in every other point of view. Mr. A DA MS urged a still further objection to the proposed reference, derived from the change which, since the special session of Congress, it had teen thought properto make in the Committee on Foreign Affairs?a change, the contemplation of which im pressed him still more deeply with the belief that that committee was decidedly adverse to the prayer i of these memorials. Three new members had been placed upon that committee; and, as it to make it still more emphatically a slaveholding committee, a gentleman from Virginia had been taken from the chair o! another important committee, and placed upon this. For what, he would ask, was this altera tion made 1 Whatever the motivc, he tnus'. say it was, io hU mind, an additional reason why, u one of the r?pm>oiitaLivea ol' the people of Ma?achu aetts, be should not consent that iheir interest*, as freemen, should Im cauliUed to it. Upon that com mittee, besides the fact that six out of nine were slaveboiding members, he i;b>ei ved the sau.e propor tion of friend, to the administration bad been placed. Perhaps not the identical six b.'l'ore alluded to, but yet members ever ready to support the administra tion in every and any measuie, be what it may? consistent wiih their sense of duty. Now, said Mr. A., It may be urged, as, indeed, in his section, it had been repeatedly, that the Piesident of the United States was agaitut the annexation of Texas; and (bat it is a base calumny to say that any prejudice in favor of this measure had existence at the White House! He had seen such things iu the public prints, , and latelv in the official paper in this city. The CHAIK reminded the gentleman froin Mas | sachusetts that be was straying from the subject un ' mediately under the consideration of the House. Mr. ADAMS would come back, and keep as nearly to the mark as he could. This he mignt be Crmitted to say, that he and his colleagues bad seen, reading the late Message of the Executive, how much was not in that document, as well as how much teas in it. History, sir, tells us (said Mr. A.) of the funeral of a sister of one of the Roman Emperors, which took place at a lime when Rome was steeped in slavery, at which the statues of Brutus and Cas sius were not seen among the splendid array of sta tues of friends and relatives, which it was the custom to bear in the funeral processions of I he great. And the historian remarks that the absence of those two friend* of liberty was more noticed by the peo ple who witnessed the display, than (he whole train which was present; and that the spectators of the scene, instead of admiring the pomp and magnifi cence of their tyrants, were thinking only of the ab sent statues of Brutus and Cavius, ibe friends and advocates of freedom. Sir, I could not but recall this heroic incident as inversely applicable, w hen 1 saw, in the late Message of the Executive, so much allusion to ihe grievances of this Government at the hands of Mexico, and literally not a single allusion toour relations with Texas. 1 he CHAIR observed that the Message was not now under consideration. Mr. ADAMS. The Committee or. Foreign Re lations will, of course, have the subject of our rela tions with Mexico before it; and mv objections to the reference proposed by the gentleman from M iry land are strengthened by this consideration. The annexation ot Texas and Ihe proposed war with Mexico are one and the same thing, though express ed in different forms. Now, the message is diame trically adverse, or, as the recenily fashioncble phrase is, it is decidedly " antagonisticnl" to the prayer of these memorialists. The CHAIR again reminded Mr. A. that the message not having been referred, the connexion attempted to be shown between any portion of its contents and the pre sent motion of reference was too far-fetched to be in order. Mr. ADAMS But suppose these memorials were against a war with Mexico ; would it not be in order to discuss that part of the message ielating to that subject, upon the question of reference ! ibe CHAIR. 'I hat is not the point under discus sion, and it will be time enough for the Chair to decide it when it arises. Mr. ADAMS remarked that, did he not know what the composition of that House was, he would appeal from the decision of the Chair. He considered it per fectly competent lo argue, as fie had done, upon the un fitness of ilie Committee on Foreign Affairs to act upon these memorials, by reason of the fact that so much of the message as relates to the affairs of Mexico, would of course bo referred to that committee. Bui, under the decision of the Chair, he should reserve what ho had to say further on that point, until the mouths of members inclined to advocate the cause of freedom up on that floor should be permitted to be opened more widely; if, indeed, there was any hope that that time would ever arrive. Mr. A. remarked, in closing, that he did not wish the parliamentary usage in sncli cases to he strictly observed in this instance, in the appointment of a mover of a se lect committee to he chairman of that committee, should the motion he had made prevail; but he did claim lhat the chairman and the majority should !>? favorable to tho prayer of the petitioners. This he considered it was his right toelaim, as parliamentary practice of long stand ing. He did not ask for a great majority, but simply a bare majority. Mr. W ISE, of Virginia, said he had not risen to dis cuss the motion immediately before the House. He re gretted that the gentleman from Massachusetts had gone so much at length, and in such a manner, into tho merits of a question not yet before that body. He felt no excitement at what he had just been listening to though the remarks which had fallen from the gentleman were calculated to produce such feelings. He had risen merely to <nake the motion he had indicated his intention of offering yesterday, and he should give his reasons very briefly, for that motion. All these memorials are merely negative. They do not ask for any action of this House upon any matter yet before il, but simply, that the propriety of an act, not now proposed to be done, be referred to a cornmittce of this House. There was clearly no need at present, of any such reference as was proposed. The Republic ol Texas had attempted to open a negotiation for admis sion to the Union, with this Government, which over ture was declined on the ground of our relations with Mexico. This government had peremptorily refused to do any thing whatever upon the matter. Nothing had been done, or had been proposed to be done, in Congress upon the subject. No memorial in favor of such a measure had ever been before this House. No reference of any such subject had been made to a committee, nor had any committee to consider it been appointed. It was time enough, Mr. Wise conceived, to discuss the subject which had been dwelt upon with so tnuch feel ing and earnestness by the gentleman from Massachu setts, when it should come up regularly for discussion. As to the question of slavery in Texas, and the infusion of its "venom" into the pure morality of this Republic, for the present (said Mr. Wise,) we certainly may not sav to the Republio of Texas, in the words of St. Paul, " Would to God that thou wert both almost and alto gether such as we are, except these bonds !" He moved to lay the pending motions of reference on the table. Mr. RHEITandMr DAWSON appealed to Mr. Wise to withdraw his motion, to enable them to make some reply to what had fallen from Mr. Adams. Mr. W ISE insisted upon his motion, as the only proper coursc to be taken in the present position of the subject. Mr GRENNELT,, of Massachusetts, demanded the yeas and nays, which were ordered ; and being taken, stood as follows : YEAS?-Messrs. Alexander, Anderson, Atherton, Beirne, Bell, Birdsall, Bould.n, Brodhead, Bronson, Bruyn, John Calhoun, Cambreleng, W*i||iam B. Camp i?!."' T' J- Car,er' VV,n 11 Carter, Casev, Chambers, Chmev, Chapman, Cheatham, Cillev, Claiborne. Clark, Cleveland, iCobs, Craig, Crockett, Cushman, Debcrry, DeGrafl, Dennis, Dromgoole, Edwards, Ewing Far rington, Fairfield, Gallup, J. Garland, J Graham, Grant land, Graves. Griffin, Ilamer, Harlan, Harrison, Hawes, Hawkins, Keynes, Holt, Hopkins, Howard, Hublcy, R. M. T. Hunter, Ingham. Jabez Jackson, Joseph Johnson, Jenifer, Wrm C. Johnson, Nathaniel Jones, John \Y. Jones, Kcmblc, Lnwler, liOgaif, J>cadbottert Looinis, Lyon, Mallorv, James M Mason, Martin' Maury, May, McKay. A McClellan, McKim.Mene fee. Mercer, Miller, Montgomery, Moore, Morgan, S. W. Morris, Muhlenberg, Murray, Noble, Palmer, Pat ton, Pearee, Pennybaeker, Petriken, Phelps, Pl'umer, Pope, Pratt, Prentiss, Randolph, Rencher, Hives, Ro bertson, Rumscy, A. H. Shepperd, Shields, Sheplor, Smith, Snyder, Sonthgate, Spencer, Stanly, Stewart, Stone, Taliaferro, Taylor, Titus, Toncey, Underwood) Vail, Wagener, Webster, John White, Thomas T.' Whittlesey, Lewis Williams, Sherrod Williams, Jared W. Williams, Joseph L. Williams, Wise, Worthinir ton, Yell?127. K NAYS?Messrs Adams, Heman Allen, John W. Allen, Aycrigg, Bicknell, Biddle, Bond, Borden, Bfiggs, Buchanan, William B Calhoun, Clowney. Cor win, Cranston, Cushing. Darlington, Dawson, Davies, Duncan, Dunn, Evans, Everett, Richard Fletcher, Fill more, Gholson, Goode, W. Graham, Grennell, Haley, Hall, Halstead, Hastings, Henry, Herod, William ft! Hunter, Thomas B. Jackson, Lincoln, Marvin, Samson Mason, Robert McClellan, McKennan, Milligan, Mat thias Morris, Naylor, Noycs, Ogle, Parker, Parmenter, Patterson, Peck, Phillips, Potts. Heed, Rhett, Ridg way, Russell, Sheffer, C. Shepard, Sibley, Slade, Strat ton. Tillinghast, Toland, Turney, Albert S. White, Elisha Whittlesey, Christopher If. Williams, Yorke.' ?68. So the motion of Mr. Wise was agreed to, and tho whole subject ordered to lie on the table. ITEMS. Sxow.?The sleighing is good from Boston to Alba ny and on westward, we do not sknovv how far. Here the ground is entirely uncovered, and the weather very fine.?N. Y. Jour, of Com.'t ? Ttnnerxte l.rgi*taturt.?A resolution was introduced into the House on the 26ih tilt. instructing their Senators and requesting their Representatives in Congress, to vote for and to use their influence to establish a Bank of I the United States at the ensuing session OPINION'S OF REPUBLICAN JOURNALS M the hutuutal portion of tkt Mittagt. Fro* the (later, (N. V ) Sentinel. The President again recommends to Congnu the 1 ?]o|>Uoi) of llit Sub-Treasury system. Our sentiments on tin* ?object have been 10 recently expressed, th?t it j i, uiinuceaury (or us to aay more at tins time, ami uutli ' we ?ee the detail* of the new bill which in?y be submit ted to Congress, tlisu that we have found, to uae the wordi of the Piesidont, ?* no reason to change (our) own opinion aa to the expediency of adopting the ayateui pro|>oaed" . We continue to believe ihat the viewa of tiie Globe in 1834, which theu denounced it at " disorganizing and revolutionary," and as exposing the public money to be "plundered by an hundred hands where one cannot now reach it," were correct. We continue to believe with ' General Jackson, (and a more honest, well meaning, 1 patriotic and sagacious man is seldom, if ever to be ? found,) that such a system, "to lock up in vaulta the treasure of the nation," would be ruinous to the best in I terests of the people and " dangeroua to the liberties of I the country." We continue to believe that it is better ! suited for a monarchy than for a republican government; ? and we are not without the apprehension, that if adopted ' it may, to uae the warning words of the laat of the revo lutionary stock of Presidents, " tempt the ambiiion'' of some crafty and designing Executive to mount a step or two higher than the Constitution framed by the patriots and sages of '76 contemplates. We had hoped that the result of the recent elections would have convinced Mr. Van Buren that a large ma jority of the people are opj>oaed to all ultra or radical measures; and that they will not tolerate any policy which will have a tendency to break down and destroy the state institutions, and check the enterprise aud ope rations of the whole country. Hut, we must confess, we are disappointed, 'l'he voice of the ballot box has had no effect. We regret this?we regret that a democra tic President should treat with indifference the decision of the people. We regret still more that be should as j sert tli.it a large portion of the |>eople were governed by sinister influence. Such sentiments do not become a : man who sprung from the people. The assertion can ! uot be sustained. The diminution of the republican vote for Senator thia year in Ulster, from the republican vote given three years ago, is 1945. l'he diminution of the republican vote in Dutchess is 1676. The diini j tuition qf the republican vote in Orange is 1353. Was all tliia difference ejected through the influence of the ; moneyed institutions ! No! It was produced by the avowal, on the part of the administration candidate for Senator, of his attachment to radical measures, one of which was the ill-fated Sub-treasury project. The observations of the President, relative to the conduct of Mr. Biddle, the truatee of the Bank of the U. S., in issuing, recently, its notes in place of those of the new institution, are forcible and just. From the Poughkerpsie (N. Y.) Journal. We hail the Message as a harbinger of better coun cils and belter limes, and if the "apple of discord can be thrown to tlie dogs," the democratic |>arty will, pre sent an undivided front, marshalled on the middle grctind, between loco-focotxui on the one hand, and fed eralism on the other. 1'ho inere separation of bank and state will of itself pro luce no serious evil*, but that fea ture of the Sub-Treasury plan which makes a distinction I between the currency of the states, and that received by government, or which requires the payment o! govern ment dues, after a limited time, in specic only, we yrt believe is calculated to work ruinous results, and in the end, destroy state institutions. 'Twas this feature of Van Btiren's scheme which raised up against him hosts of opponents, and produced more of the changes witnest od at the late elections, than any other cause. Under this conviction we are sorry to find the cry of " bank influence," raised by the Globe and E\ening Post, cchocd in the Message, and referred to as the prominent influence operating upon the late elections. If it be true that the Sub-Treasury plan "ought not to be regarded as a measure of hostility" toward the banks, it pays but a poor compliment to that large mass of our citizens w ho are directly or indirectly interested in sustaining them. If, on the other hand, it be a uieasure of hostility, (and we believe the people are capable of judging for them selves.) the result of the election proved that the people came to rescue their institutions, and were determined to sustain them, let who would oppose. That they will continue to sustain them, we firmly believe, and hence are fully of opinion, that so long as Mr. Van Buren directly or indirectly gives countenance to measures that in their operation (no matter how intended,) injuriously affect the institutions of the people in the siatcs, so long will he encounter an invincible opposition. His last message gives us ground for hope that he so regards it, and that a course will yet be taken by his friends in Congress, in accordance with " the national will" which he truly savs " is the supreme law of the Republic." MR. RIVES AND NEW ENGLAND DANCING. Much speculation appears to be going on in the pa pers, respecting Mr. Rives. The Portland Advertiser fears that an attempt is to be mado to nominate Mr. 11. for the 'Presidency, and that its (the federal) party will bo brought mto his support. The Jeffersouian of the same place, an administration, sub-treasury paper, docs not believe Mr. R. entertains the least desire to join the Federal party, that he has too much good sense and respcct for his political reputation to do any such act. A Washington Correspondent has written a long rigmarole of nonsense respecting Messrs. Rives and Garland, to the editor of the Columbus Mississippi De mocrat, to prove that Mr Rives, when he. becomes Pre sident of the United States, is to make Mr. Garland Se cretary of State, for his efforts at the extra session of Congress in favor of the Deposite Baiik System. Al most every paper we receive contains some speculation respecting our Senator, and we are pained to say that all, or nearly all, the sub-treasury papers are continually charging hiin with having deserted the party and become or about to become a Federalist. It were well enough for these scribbles and editors firat to enquire what their course has been before they attribute improper and unworthy motives to the talented and consistent Senator of Virginia. Who recommended the Deposite Bank System ? President Jackson. Who were the advocates of the measure? Mr. Van Buren and the Democratic party in every part of the United States. Who said the measure worked well and much hotter than a National Bank? The President of the United States, tho Secretary of the Treasury and all the Republican party. Who were engaged in defend ing the system ? These same editors who aro now en deavoring to make a Federalist of Mr. Rives. What party mado it their rallying cry in their elections in 1834-'5 ? The same that elected Mr. Van Buren to the Presidency. There never was a measure, perhaps, that was defended with such unanimity of opinion by any party as the Deposite Bank System. Who voted for Mr. Rives' Currency Bill at the last regular session of Congress? Every person in the United, States Senate except fire, and three-fourths of the mombers of the House ot Representatives. But the bill was defeated by the President's not returning it before the adjournment* of thai Congress. It is the be lief of many that that was one of the causes which led to a suspension of specie payments ; whereas, if it had been adopted it would have greatly mitigated, if it had riot averted many of the evils under which the couptry has been suffering ever sinco. Did Mr. R. become a Federalist by bringing forward this measure ? If so, all, or nearly all the supporters of the administration in Con gress, became Federalists by voting for it. When the next session of Congress met, who changed, who were consistent then? Did Mr. It. change! No. He brought forward a similar measure, and was still an ad vocate of the State Bank Deposite System ; and for sup pressing small bank notes ; for having a metallic circu lation of gold and silver for all the common and ordina ry transactions of the farmer, mechanic and laborer; leaving bank notes for the commercial transactions of the country. And he was as much opposed to a Na tional Bank as he ever was; as much so as Mr. Van Buren or Mr. Benton. Of what use is it then for somo of the sub-treasury papers to be continually endeavoring to create an impression among the Republican party to | the prejudice of Mr. Rivea, thai he has become a Fedc : ralist. Let them be as honest as a gentleman of our 'acquaintance, who favors the sub-treasury scheme. He ' toaid " I admit that there has been no inconsistency on ; the part of Mr. Rives, for it is we (the sub-treasury men) that have changed." We will not say that the supporters of the sub-treasu ry have become Federalists, but that they have shifted their ground, admits of no question, and doctrines that were once declared to bo revolutionary and disorganiz | ing, are now upheld as the only true Democratic doc ; trine, and which alone can aave the party from destruc j lion. It seems, however, that even the advocates of ! the sub-treasury are becoming a little alarmed, and be i gin to fear that the people will not go with them; that | the people's" heads are not to be turned by every new ; piprr, pipe he never so charmingly. We have heard an anecdote which occurred at Wash ington during the extra session of Congress, which, perhaps, will apply to many of those who are now en gaged in endeavoring to put Mr. Rives down;, we, ( therefore, give it to our rcsders. One of the Senators from one of the New England States, who had been warm in his support of Mr. Rives'Currency Bill, snd voted for it. when it was first brought forwsrd, and we believe after the adjournment of Congress was engaged in supporting it by means of the press, snd in his Cor j respondenee,?at ihe extra sessiou of Congress voted aiuii->t it. Ou being l?>w it tu that be to had alwaya act*d with Mr. Rivea, ami to generally ?greed with him on political questions, could now vote agaiuat a measure that be- bad but an months before voted in fa Mr of; be replied, that in the State which be came from, it was a rule m dancing, that when the tune changed in the dance, ihsl those who were danc ing abould change too. And you know air, that we have lately got a new piper, that be has changed the tune, and it was right 1 should change also. A geiitleipan in Now England wrote to bis friend in Washington to enquire of Mr. Rive* if be intended lo become a Federalist t Mr K replied no, I do not, and you may inform your friend that I have not letrned to dance after the fashion in lua country, / cannot cluugt cetry lime lk? tune ekan//tt. When any of our friends feel inclined to censure Mr. Hives, we hope they will boar in mind that he cannot change merely becauae a now tune is set to a new key. We hope before Con gress shall bare beun in session many moutba that we shall have a tune piped that all the Democrats can join in sounding, so (hat wo can dance in one grand, OU1 Virginia Kiel?Charlullctrii!' Republican. TWENTY-FIFTH CONGRESS. IN SENATE, Monday, Dec. 18. Mr. CALHOUN appeared to-day and took hi* seat. Reports from the Secretary of lite Treaaurv relative to the prevention of frauds on the revenue: also From the Navy Depart me .(, respecting the Navy Pension fund : also A communication from the Cdinmixsioner of the Pub lic Buildings, relative to the expendilurea on the same for the pist year. Severally laid on the table, am) ordered to be printed. Mr. BUCHANAN presented a petition from sundry citizens of Philadelphia, in connexion with resolutions and the memorial of the working men's convention, lately held in that city, praying Congress to suppress banking, and establish the Sub-treasury system upon a pure specie basis. Referred to the Committee on Fiuancc, and ordered to he printed. Mr. WALL presented ihe petition of twelve men and thirteen women of Burlington county, N. J. against the annexation of Texas?when on motion to lay the same on the table, Mr. PRESTON hoped the motion would be withdrawn, and begged leave to give notice, that in consequence of the numerous petitions presented on this subject?all of a negative nature, and when no disposition had been manifested on the part of Con gress, to introduce the annexation, he should at an early day institute an inquiry into the expediency of annexing Texas to the Union. This he should not have done but he thought the Sentate had been driv en to the course by the constant pouring in of these petitions, he wished the operation definitely deter mined. A long and animated discussion on the subject of abjlitiou on a petition being presented by Mr. HALL. A motion to lay the Lsame on the table, which was supported by Messrs. CALHOUN, I PRESTON, ROANE, RIVES, and others, and op | posed by Messrs. CLAY, CUTHBERT, DAVIts, and others, but which (in consequence of the late ness of the hour of adjournment, we are obliged to omit) was finally decided. Yeas 25?nays '20. Adjourned. HOUSE OF REPRESENTATIVES. Moxdav, December 18. Mr. BRIGGS, of Massachusetts, rctnindrd the House that a few days ago, his colleague, Mr. Fletcher, was excused fioni serving on the Committee of \\ aya and Means. He, Mr. Briggs, has been appointed to the vacancy by the Speaker. But under the circurnstancea of the case, he thought it would be improper for him to accept the situation, and this wss the opinion of all his colleagues, with a few exceptions. He therefore, re spectfully asked to bo excused from the service; and the House then directed that the vacancy be filled Various petitions and memorial# were then presented by many members. Mr. BOON offered a resolution directing the Com mittee on the Public Lands to inquire into the expe diency of reducing and graduating the price of the same, and affording pre-emptive rights to actual settlers ; ?greed to. Mr. FILLMORE presented a memorial from many members of the bar and others, citizetis of Buffalo, pray ing the abolttion of imprisonment for debt. Several memorials were presented by members from Pennsylvania, New Jersey and New York, praying the abolition of slavery in the District, and remonstrating against the annexation of Texas ; laid on the table. Mr. B RON SON of New York, presented the fol lowing petitions, viz : Petittof, of Mary Snow, widow of Jonas Snow, a Re volutionary soldier now deceased, praying for a pen sion. The petition of Chaancy Calhoon of Watertown, N. Y., praying for the payment of the balance due to hitn from the II. States for work done on the Madison Bar racks, Sackcls Harbor The petition of sundry citizens of Jefferson county, N. Y., for the construction of a ship canal around the falls of Niagara. On motion of Mr. BRONSON, the following resolu tion was adopted : Resolved, That the Committee orl Roads and Ca nals be directed to inquire into the expediency of con structing a ship and steamboat canal around the Falls of Niagara?and that the Report of the Secretary of War to the lioiiBeof Representatives of the 14th April, 1830, together with the maps and accompanying documents (numbered 214 of 1st session of 24th Congress) toge ther with all other papers on file with the Clerk of this : House relating lo that subject, be transferred to said ' Committee. Mr. ADAMS presented the memorial of the Massa chusetts Peace Society, praying Congress to accede to the proposition made by the legislative authority of Mex ico, for the adjustment of the difference between that I country and this. Mr. ADAMS moved that the petition be referred to a | select committee, with instructions to read, deliberate, ; and report upon the same. Mr. HOWARD submitted whether the subject had 1 not been fully referred to the Committee on Foreign Relations, by the reference of the President's message to that committee so far as it relates to foreign affairs. Mr. ADAMS said the subject of the proposition of Mexico was not even alluded to in the message of the : President, and for that reason he had made the motion. I He also said that the gentlemen composing the Sland | ing Committee, had made up their minds on this sub ' ject. i The CHAIR called the j-enileman to order. Mr. ADAMS made, he said, two motions: first, the motion above given, and second, a motion that the me ( motial be referred to the Committee on Foreign Rela tions, with instruction to read, consider, and report thereon. Mr. HOWARD asked whether the gentleman from Massachusetts had ever known an instance in which the Committee on Foreign Relations had made a report without considering the subject, or reported upon a me morial without reading. Mr. ADAMS was obliged to the gentleman, he said, for an opjiortunity to say distinctly that he bad never known an instance in which that committee had report ed on petitions without reading them ; hut another rom mittee (Ways and Means.) had done tins, and six out of nine of its members admitted it. The subject was laid over till to-morrow. Mr. ADAMS offered a resolution calling fo^he com munication of the pamphlet, alleged to have btrn pub lished bv Senor Garrostiza. Mr. ADAMS presented several petitions for the abo lition of slavery in the District of Columbia ; and several remonstrances against the annexation of Teias : the reference of all which he moved, and the motions of re ference were laid on the table. Mr. ADAMS also presented a petition from certain citizcna of Doxbury, Mass. against the abolition of slavery, the refereuce to which he moved to the Com mittee on the District, and the motion was laid on the table. Mr SLADE, of Vermont, in presenting several abo lition petitions, gave notice that he would to-morrow address the Heuse on the subject. After the presentation of many memorials relative to slavery and Texas, which together with the motion for the reference of which were laid on the table, The House adjourned. Tiik Armv.?The last number of t ic Army Chi) nicle contains the following notices: PROMOTION. Wii.liam Thimbu.!., Captain Topographical En gineers, to be Major by brevet, November 23,1837, vice McNeill, resigned. A PPOINTMEVT. Campbkix Graham, First Lieutenant and brevet Captain 3d Artillery, to be Captain by brevet in the Corns of Topographical Engineers, November 23, 1837, vicc Turnbnlf, promoted. knoxiTinm. Wm. Gibbs McNihul, Major Topographical Engi neers, Nov. 23. Jacor Ammkn, First Lieutenant, 1st Artillery, July 30. COMMUN1 CATIO Vs. SUB-TREASURY SPECIAL DEPOSITE WUEME-HTATE DEPOSITE BANKS AND TREASURY NOTES. no. r. To t\s Publisher of Ik'. Madisonia*. After the lapse of more than three during which, as I gave extracts in Uiv last to show, U.e depose banks performed all ihe duties exacted from them Ciithfully and efficiently: up*? a sudden,the lan guage of approbation was changed, to that of deep and loud denunciation, from high quarters; and in the language of Mr. Calhoun, there has b;en wit nosed, "a war against those very bmks" waged by those, who but a lew months before, were uuerin-? unqualilied prais^\lo their merits. The dtiposittf Lurks, and all the other banks in the country, had been overwhelmed in one general ca lamity, superinduced by the government itself, by the request it made of the deposite bmks, to extend all the facilities in their power to the community m their vicinities, upon the public moneys-, and when these facilities had been extended so far as to encou rage those who partook of thein, to imprudent un dertakings, then by its not countermanding the for tner request, thereby repressing the dangerous spirit of enterprise, have prevented its reaching that extent, which ended in a catastrophe. Beside this, other circumstances called for the interposition of the head of the Treasury Department to check these extravagant expansions, when it was first per ceived they were progressing to a disastrous extern The reputation of the binks which were employe | by the government as its fiscal agents, as well a> the character of the government itself were at stake. In 1819, Mr. Crawford discovered, that a western bunk employed by the Treasury Department as a public depository, had been imprudently extending its discounts on the public moneys deposited with it. After a just rebuke for its so doing, he remarked I will also add, that the interest which this Department feels for the stability and reputation of the banks which are used as places of deposite is not limited to the amount of public money deposited in such banks. TV character of the government is in s,nne degree dependant on /he prudent management of a bonk vhich thus Incomes its agent." Had a Crawford been at the head of national finances in 1835-6 and have exercised the same in flexibility and firmness, that gentleman did in 1819, I venture to predict, that no bank would have been permitted to extend its discounts so wildl v, as to have lost all control of any part of more than a million of the public money, which I have seen it stated was the case with the Agricultural Bank in Mississippi ? And that too, in the brief space of about nine months after it was first selected. Either its condition uium have been unsound when it was selected, or its ope rations subsequently must have been conducted in a mast extravagantly imprudent manner. What else could the banks do under the circum stances that existed, but suspend for a time as they did I The community, or a large portion of it, were debtors to the banks. They were borne .dow n by pressure which accompanied the revulsion then ex isting, and which had for some time previous been in full operation. Under these circumstances, in the language of \ir. Crawford, in 181b: 11 At a moment when e.ret si re importations of foreign merchandize had involved the mercantile andmanufaeturinc classcs in the greatest distress, and menaced thrm with im pending bankruptcy, reason, humanity and sound poli cy, all united against the curtailment of bank dis counts." This representation of Mr. Crawford's was asapplicable to the state of things which existed at the time the banks suspended payments, as it was to the period to which it was applied by him. On a former occasion when the banks suspended specie payments, the course pursued, both by Mr. Dallas and Mr. Crawford while at the head of the Treasury Department, was ever of the most kind and obliging character; calculated throughout to sustain them, and to lead to inspiring the communi ty with confidence in them. How directly opposite the course which has been pursued'on the late occa sion, even up to the present moment! It appears to justify the declaration made by Mr. Calhoun, and a? if the object was to " make war against those very banks" which had so long been faithful agents, and which had at the time of the suspension nearly thirty millions of the money of the people in their hands. , Human ingenuity seemed to have been directed to the height of activity in devising schemes, whereby to throw dishonor on the " late deposite banks" though still holding such large amounts of the pvblic money. The first scheme produced by the genius of invention, operated like a two edged sword. It was this. It was directed that w arrants drawn on deposite banks, which they should refuse to pay in specie, after being protested and thus dishonored, should be received in payment of all public dues ? The operation of this measure, was, first, to prevent the banks from reducing the balances in their hands by the payment of these warrants, which, with but very few exceptions, they 'were alJle and desirous of doing; and 'hen, it led to a great portion of the re venue which was collected, being paid in these dis credited warrants, (which, but for this device, as far as it was paid in them, would have been paid in spe cie,) and which were altogether unavailable to the government for any use whatever. No one can doubt the propriety of confining the collection of the public revenue to legal currency, or its equivalent. Experience showed, that until the above measure was resorted to, the public creditors were perfectly satisfied to accept the notes of the banks, on which warrants were drawn, in payment of them; and there can hardly exist a doubt they would have con tinued to do so voluntarily, but for the adoption of that measure.' They were intrinsically as valuable after, as they were before the suspension. They would purchase as much subsequently as antece dently. This is proved by the fact, w hich I have heard frequently declared as such, that the very spe cie which it was vauntingly announced had been provided to pay members of Congress, at the com mencement of the late extra session, was, nearly all of it, sold by those who received it, to brokers, at a premium in exchange, for inconvertible paper, in which they paid their landlords and landladies for their weekly biard. Will any one venture to assert, that for this and all other purposes to which they w ished to apply their pay, that ten dollars in paper was not equally valuable with ten dollars in gold or silver 1 The next step resorted to, was a circular addressed to the disbursing agents, directing thrm to withdraw the public moneys in their hands, deposited with the Deposite Banks, from thein. This was followed with circular after circular, until by the frequency of publication, they became almost stereotyped. The effect of all these projects and movements, (whether intended I will not say,) was, that by the middle of July, the public were so alarmed, and had become so distrustful of the banks, that in the city of New York, the notes of the Kinks there, hnd fallen to nine and ten per cent, below the discredited war rants of the Treasury. It was about this lime the official organ, half exultingly, half sneeringly.staK d. that " the Woodbury notes" were nine to ten per cent. "above par," or above the notes of the "broken banks." About the same lime, the same organ, for the nurpuee of causing increased excitement against the bnnks, when it "STATED THE CASE charged them with paying the public in a depre ciated currency, by which, on every ten million', they nrxndled the people out-of one million It has been under the prejudge* and excitement which these steps were well calculated to instil into the minds of an already dissatisfied portion of the peo ple, added to the previously existing embarrass ments which the banks labored under, that they ha\e struggled to m?t and p.y the Treasury wa.rants