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The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, December 30, 1841, Image 3

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THt KSDVY, DKCEMBKH 30, 1811.
Is TH??*E THING* W llliH ARE ESSENTIAL LET THERE
if. ( MTY?IN WOlf-EHEVTULi, LIBERTY; AND IN ALL
fHIN'U* < HXKITV.?.ll%'U-l/in.
ryMr. Israel F.. James is collecting for us in the
S.,nth and Southwest, assisted by 11 M. Lewis, J.
K Whipple, O. 11. IV Stem, Henj. Gardiner, and ('has
6, Jiiues.
: J=*Mr. John II. Cunningham is duly authorised
to solicit subscribers for the Madisonian, in
I,,., ity, Georgetown, and Alexandria.
Tut President of the United States will
receive tlie visits of his fellow citizens on Saturday.
January 1st, between the hours of 12 and
3 o'clock.
THE EXCHEQUER BILL.
In framing a law for the regulation of the tinnccr,
a plan for properly securing the public
, venue, must he necessarily regarded as the
n si important object. No matter what method |
uav be devised, it is evident that some risk !
tot always be incurred: establish what legal j
aft guards you please, much of the security ol j
public treasure must depend on the integrity
if the oflicers to whose keeping it is intrusted.
\!| that the law can do is to diminish, as far as
ii.Msible, the opportunities of embezzlement and
j insure the people from loss in the work ol |
nYulation. The accomplishment of these ob- j
eel- has been considered in the preparation of j
h Exchequer plan, as claiming an importance
aramouht to every consideration. Kor the
ate keeping of the revenue, a choice was to
t...?i'e between two method.5. It must be deermint-d
whether it were llic better plan to debt
the money when collected in banks, orloj
lace it in the hands of ;<">.!in ollieers,who s'jould
o made responsible by bonds, with sufficient
unties for its safety. IJy which method would
he L ust risk be incurred ? The question is imporant;
but we believe the decision correct, which
refers the agency of bonded officers to the
;uarantee supposed to he afforded by the capiat
of banks. The reasons for the preference,
;r conceive to be palpable. In the first place?it
Ik' public treasure is liable to embezzlement, by
lasstng into the hands of public officers?the
anger i- by no means diminished by its depo-1
t in a bank. It first c'omes into the posses- j
,01 of a collector or receiver, and the dcposit is i
ladebyhim. If lie is. dishonest, the conimis-1
, i nf'llio nn^iiUti in in l,lc nnvl'nr nc snnn lit I
w * ..... ( - ............ ..
i? receives the money, and he may deposit in j
iehaak what his fraud may deem proper so to j
jaee in apparent security. Unless we are hi-1
rd by some singularity of prepossession, we i
annot suppose that the money receives a new j
iinirance of safety by being confined to the I
ault-of ahank. We have no reason, cither a i
irioti, or suggested by experience, to believe |
hat a bank olficer is more likely to be honest I
h iu a public officer. Dishonesty may find its |
ray b hind the counter of a bank, as well as
ato the office of a receiver. The money of
he people, by transmission throuuh the hands
1 a public agent into the keeping of a bank ofli:
i, is exposed lo a double danger. If it escape
a safety through the honesty of the former, its
linger may be renewed by being intrusted
o the fragile integrity of the latter. Again, in j
he custody of the bank it is obnoxious to more
rick-of fraud, than in the care of the single
uMic oflicer, because there is more than one
nati in the bank to whom the deposits are acessible.
Every consideration tends to evince,
ut t!i e rpvpnnc is h ffpr snmitfil r/nfpr?ii/t_ I
Hjiis in the hands of an agent, obligated by ofH
ial bonds, with satisfactory sureties for' the I
nthful performance ofiiis duties, than they po?-|
iMy can be in the keeping of irresponsible bank |
fficers.
Hut there is still another reason for preferring
e security of bonded officers to the irresponsiility
of a bank. Granting that the deposits are
i no danger from the frauds of the persons ernl
iyed in tlie bank, there is still another objec0:1,
and a strong one, against selecting such a
!a"e of deposit. Excessive loans and extrava- j
ant accommodations frequently endanger the j
af'ty of the bank, and by consequence the funds
hat are intrusted to its keeping. There is no j
:uarantee that the impulses of self interest, will j
tot, at any moment, drive it 'o the commission |
if the imprutlencies which will not merely j
eopard its safety, but will insure its destruction j
-and in that case all who have not had the
varning to Withdraw-their deposits in time be"Hie
participants in its losses. When commit- j
ed to the skill of hank officers, and to the pledge j
f hank capital, assuming the honesty of the for- j
ler and the realitv of the latter, there is still {
audi to be apprehended for the safety of the !
ople's money. Hut when in addition to this !
orisideration, we reflect that the intrusion of;
7 , I
Uhonosty into a bank is as possible and proba-!
' as its existence elsewhere, we perceive |
J'Dple reason for the preference given to
individual agencies regulated and controlled by j
I ifper checks and securities. The plan of the
Exchequer for the safe-keeping of the public I
niuncy, is liable to as 'little obj< ?tion as possible. j
It endeavors to simplify, as far as practicable,
' he mode of collecting and disbursing the public i
money; its agents are reduce' to the smallest
itnber consistently with the performance of the |
; rts it contemplates to fulfil, and obligated by !
bond and security for the faithful execution of,
''mt duties ; it makes no loans and gives no |
^commodations, and consequently do"s not j
' *posc the funds, intrusted to its charge, to the !
''"arils of speculation. It has done all that or- j
^ nary foresight ean devise for elf cting the most
!'mportnnt object of its establishment ; it has j
"irown around the public treasure every feasible1
^I'guard, and it can do no more. Every are-!
,nue of dangerous ingress cannot be completely !
1 rkaded. IS'o mode can be conceived for seeu:
the public money in which some reliance
''i not be placed on the integrity of the per-1
to whom it is intrusted. All that a'aw can
j
s to diminish the chances of fraud and in-'
indemnification when loss is incurred.
1 " Exchequer bill appears to us to make all
nte?s>a; v provisions to attain these ends.
bruum> Mai.avint. fur January, tS|2, is over*
' lr'C ivith magnificent embellishments, and swell""
?ith the rich and rare productions of ablccon'^'"aors.
Mr. Poc is still at the helm, and a better
jpazine editor does not live in this country. Hsunp"
te agent.
A
SLANDER.
We think an author, of latiludinarian princi- '
pies, who flourished during the last century, in
giving lessous to his disciple', inculcated the
importance of misrepresenting and calumniating t
theopponents of their principles. "Assert," he \
said, "and assert boldly?your declarations may .
he proved lalse, but some portion of the iuiputa- i
lion will remain impressed on the minds ol your "
hearers or readers. The blackness of the blot
may be lessened, but it never can be wholly j
erased." There is a sufficiency of unblushing
effrontery in the lesson. When inculcated thus
boldly it shocks the moral sentiments in ap
pearance, at least, of the most obdurate practitioner
in slander. Hut notwithstanding the horrid
aspect of the doctrine, when presented without
any of the meretricious garb in which its
lorm is usually enveloped, the practice on the
precept is not found so very uncommon, even
among those who pretend to the utmost severity
of virtue.
' Slander, and some of the influence of your
slander, will remain, in spite of the most palpable
proof of us falsity," seems to be the motto
under which some of our cotemporaries go to ?
battle. Whether the truth of. this principle is <
borne out by correct observation of human na- ^
ture, we are not philosophers enough to deter- (i
mine with certainty; but we are inclined to have rJ
so favorable an idea of our fellow men, that we 0
venture to doubt it. So far from calumny being
successful in effecting its objects, we think '
there is reason to believe that it usually destroys c
its own aim. \\ e have known it tneu, and its 1
intended victim come forth unsullied and unharmed
from the ordeal. The deliberate caluin- \
niator, we conceive, can have but little consoln- ^
tion either in the perpetration of his crime, or in (1
the prospect of any benetit it will produce, c
Slander may be made an instrument of political 1
warfare ; but it is forged from a metal so itifc- a
rior. that it soon becomes dulled by use, and ul- 1'
tirnately injures those only who use it. Such v
is our opinion of men, and such is particularly our
opinion of the American people, that so far from (r
feeling indignant at calumny uttered by a foe, jt
that we should prefer it should be employed in v
assailing the present Executive, did we not re- t]
grel to see a press, directed by an American citi h
zen, polluted by low and malignant slander n
against the man whom the people have chosen
to till the highest station in their gift. To at- a
tempt a refutation of some of the slanderous d
chaigts made against President Tyler, we deem "
not ouly useless, but degrading. They are such
as no honest or candid man would believe, and
none but the vilest pander of falsehood would
propagate. We cannot descend to the level of
the authors or propagators of them. I
' |
CONDITION OF SPECIE PAYING BANKS.!
We take the returns of the condition of ihc !
specie paying Hanks as made to the Treasury j b
Department, and laid before Congress by the ''
Secretary on the 1st March last, to enable the *
public to institute a comparison between the)'1
condition of these Banks, and the non specie '
paying Banks. tl
The Banks in eight States pay specie ; but as ^
there are no returns made of the Connecticut v
Batiks, we cannot, therefore, take it into our
calculation.. g
Cnpit.d. Circulation. Specie, p
Ma ne, 84 671,500 1,224,058 105 6:10 ?
New Hampsh ie, 0,000 508 l,4-i0,510 170,751 tl
Vermont, 1,325,530 1,006,812 120,310 e
Massachusetts, 34,485,000 7,875,322 1,838,272
Rhode Island, 0.083 060 1,630,047 428,762 a
.New York, 36,801,160 10.620,511 5,861,631
N Y. Free Bks. 15,227 321 3,500,700 1,135,805
South Carolina, 11,58-1,355 4,430,401 1,847,408
o
117,010,213 32,826,066 11,610,833
We find that the Banks of these sevdnl j
States, whose capital amounts to SI 17,000,000, i
have a circulation of about $33,000,000, upon a
specie basis of about $11,000,000 and a ball*.? I
And the public are fully aware that they have a j
sound currency, and that their Bank notes are
redeemable in gold and silver coin, whenever j
presented at their counter.
Are not the public naturally led to inquire, :
why it is, that the Banks in eight States of the j
Union can maintain specie payments, while the
Banks in the other eighteen States, and three |
Territories, cannot resume specie payments ? j
Is there not something wrong somewhere?
is uoi somcuouy in i.iuii ior tins conaiuon 01 j (
things? Is the fault with the Banks? or with <
the people? or with the law? Or is there no
fault any where? and no blame attributable to
any body ?
It is high time, we believe, to have this subjet
investigated?investigated by the proper
authorities of the States, their Legislatures?and
if there be no eause for the public complaint
against the conduct cf the Banks ; and no rea-1
son why they should resume specie payments, j
let the public be made to understand i' and 1 -t |
complaints and cotnplainers be rebuked and si-j
lenced. '
If the conduct of the non-specie paying Banks
be proper and honest, will it not follow that the
course of the specie paying Banks is improper
and dishonest? If, however, on the other hand,
the conduct of the specie paying Banks should
be decided tobe strictly proper and hone-t, what
will be the natural inference to be drawn from
the course and conduct of the non-specie paying
Bank 1 This is a dilemma we shall leave them
to escape from in their own way, and shall throw
no obstacles in it.
The whole sum and substance of this matter
may be resolved into this single simple ipiestion:
Why is it, that the Banks in eight States of
llw. ITninn wltli <1 of ?t 1? Illft Oei ...itl. I'
a circulation of $32,826,066, upon a specie basis *
of $11,619,833, reileem all their bills in specie, 1
and the llanks in tiie other eighteen States, with J
a capital of $190,907,758, with a circulation of t
$08,020,109, upon a specie bais of $19,374,01.'!, 1
do not redeem a single hill in specie 7 ,
We pause for a reply. '
Shijurrtik.?1 he sloop Mary, Captain Kenyon, of 1
Portland, Conn,, which sailed hrnrc on Wednesday 1
morning rally, with iTterehandise for St Helena, went ! 1
a?hore nhout nine o'cloclc ,?mr morning, on Morris's; '
island, front be.tch, whilst in the act of staying As I
eon as she missed slays both anchors were let go, hut |
it blowing henry at the time from northeast, with a j 1
heavy sea on, the best bower chain parted An at- | |
tempt was then made to get her underway, but Itetore ' r
this Could he accomplished she commenced dragging I t
the otIter anchor in towards the beach, the stern strik- 1 I
ing first. The rudder was immediately knocked off j |
when she swung broadside to, and in that situation i
drove ashore. Kvery effort was made to get her tiff, v
hut proved unavailing. When Captain K. left she I
was full of water, and the decks had hurst open.? 1
Charletton Cour. c
JOHN TYLEU, '
PRESIDENT OF THE UNITED STATES OF [
AMERICA.
TO *IX WHOM IT MAT CONCERN. n
Satisfactory evidence having Iwen exhibited to me t;
hat J. O. Svz has boon appointed Consul of the Swiss (>
"onfedoiation for the Stale* of Pennsylvania, b
Vow Jersey, ami Dulawaie, lo reside at I'lnUdrl- '>
ihia, 1 do hereby recognise him as such, ami declare "
lim free to exercise and enjoy such lunci.ona, powers, vv
md privileges aa are alloweii to the Consuls, of the u
nost favored nations in the United States. it:
I., i .Miii.ii.fit/ u. t,..r....r i 11,.._.. < :
te made Patent, and the Seal ot the United Slates to A
ie hereunto affixed. h
Qiven under my hand at the city of Washington a
the 89th day ot December, A D. 1841, and of ci
[t..s.J fl.e Independence of the United Stites of A- >
tuerica, the sixty-sixth. tl
JOHN TYLER. r<
By the President : \ w
UiMti. Webster, h
Secretary of State. ri
StomtD^rtocnth Congress. J
Si:COM) SESSION. h
L>
IN SENATE. b
V
Wednesday, Dec. 89,1841. ei
THE BANKRUPT LAW.
Mr. BUCHANAN presented a petition, from ma- '
lulaclurers, merchants, mechanics and others, of the tl
ity of Philadelphia, praying forj certain alterations ai
n the Bankrupt law, and it the same should not he tr
unde, that the act be repealeil. He observed tha? the. V
nivate letters, which he had received with regard to g;
he subject, spoke a very strong language as i< the >
I effects ryhich were anticipated from this measure <li
f the extra session.
Mr. MORE11EAI) presented the petition of trier- J tl
huntsof the city of Louisvilh, praying for a repe..' tr
f the Bankrupt law. lie stated that the petition u
ante from a class of men' whose opinions were entt- pi
led to the highest respect. n
Petitions were presented by the PRESIDENT ami ei
iv Mes?rs STURGEON, SMITH, of Indiana, and in
iVOODHURY. gi
Mr. PRESTON, from the Committee on Mili'ary to
\flairs, to which the subject had been referred, re- if
iorted the bill with an amendment, to provide for the m
luiins of the State of Georgia, for the services of her fti
nilitia in the Florida war. pi
Mr. HENDERSON introduced a bill to revive ol
nd continue in force, for a limited time, certain nets ii
iatsed in 1837 and 1830, in relation to the disch.nge pi
if claims under the treaty with the Choctaw Indians, V
rliich was read a lirsi and second time. S
f In lbo motion of Mr. S\t IT I I ot Indmn.-i il wns in
eaolved ih.it I lie Committee on Claims be invfiuctcd
11 inquire into tbe expediency ot paving Samuel a
ililroy, a receiver at I'rovinceville, Indiana, nancy w
nthlield hum him by the Treasury Department. u
The bill grunting a pension tu David tVuller, anJ ui
be bill to establish an additional bind district in the 11
Ita'e of Alabama, were severally read a third tune, A
nd passed. tl
AMF.NDMF.NTS TO THE CONSTITUTION. ttl
Mr. CLAY said that lie would now a-k leave, agreebly
to the notice which he gave yesterday, to intro- 1
uce three joint resolutions, proposing certain amendirnts
to the (Constitution of the United States. The
rst of these resolutions promised an amendment re- w
lieting the Veto power ; the second, vesting in Col)- w
ress the appointment of the Secretary of the Trea- 11
try and toe Treasurer; and the third, preventing ]
ny Senator or Representative in Congress from ae- j Ci
opting a civil oiiiee tinder liie authority of the Uni- j w
d States, during the term, or the fractional term, j 1'
>r vvhieh lie may be elected, lie said that, from >
ii? movement on his part, it would be seen that the "
bjcct which he had in view was the reduction of
Ixecutive patronage w ithin proper limits, 'i'o this "
bjeet, the party of which lie was an humble memer
had pledged itself before the election w hich took "
lace last November; at all events, whether the party j
ow stood so pledged or not, lie, for one, felt hiniscif i ft'
) pledged, and, in order to redeem that pledge, he w
ad submitted those propositions, it was not his C:
urpose to go into a diseu -Ion of the subject at the j
resent time, but merely to present it to the view of !
lie Senate ; and if tin S. n it. .. ?ulil grunt him leave J ''
> introduce his resolution, iie in ; al that they would |
ave their tirst and fecund , *<??::::?, and that a day w
,ould he appointed for their de-eus.-ii m.
The resolutions having been read,
Mi. CLAY sum that il uny Senator desired to surest
?n amendment, be might do so, but, as lie sii|>osed
that no such proposition would now tie inadr, he
rould move thai the resolution be made the order of
lie day for the 12th of January, and lliallliey be printd
for the u-c of the Senate.. .
The question was then lukm, anel the motion was
greed to.
THE BOARD or THE EXCHEQUER.
Mr. PRESTON remarked that as he hail, the
thei day, moved that the report of the SeCMaiy of
lie l'reasuty, with regard to the Board of the Exchciuer,
he laid upon the table and piinted, he would
low eall the attention of the Senate to this impoiianl *
natter, and ask tlicm to lake it up. It was well known
!iut at the last session there was an entile failure to
stablish any system of liuunce , and the depression
he currency, and the cieilil and embarrassment of ilie
ountry, in which the wholecommunity was eoncerniil,
now imposeel the responsibility upon Congress to
lo something lor lie general relict. Although at the
ust session there was u ditl'rreuee of eipinion between
lie co ordinate brunches of the Government, he hoped
liat that difference might be reconciled by compromise,
iml s ill more by a mu mil leelmg of the necessities ul
he country. Acting in conformity with these leelngs,
and animated by the lei lings w hich no doubt
minuted Congress, the President had submitted a ,
iljn of finance; unlit was his desire that this or
ometliirig else sll mid, betoie the feruiination of Con;res-,
lie adopted to ullord, as far as tiny could, relii I
o the people, and, as tar as they could, lo correct the
uneticy of the country, and give peace to the public
iimd upon tins sutijeel, which, us long as it wis
gltuteil, must result in evil, tie therefore hoped that
lie wisdom of Congress and ihe co-ordinate' branch
if the Government would co-operate upon this eubect
; anil such'co operation, he trusted, would produce
a'i-f ictorv ri suits At ull events, lie would not per
ml liinittt ll'to tlespai], mh yet, as to I be final and tuvo- t,
able termination to winch he had alluded. It Would
i't he proper, at this time, to investigate the system
vhich tliry had before them; hut, Uuqlicstioiiuldv, it
va* a sound system, and a stmng one, and it was
unci in many ol' Us icartutes. It proposed
durations in the Treasury system, for which tiny
tad no precedent, and which, as they would
ead to imp otant consequences, demanded delibrra e
tonsideralion. It was, in some sort, a compromise ;
ind the edilice Was erected horn other plans, preprred
n various way- from projects which had heretofore
xisted, anil sotne'of its teatures were entirely new.-- j
l ite first impression 011 his mind was, that it ought t ,
>e looked Upon with caution, discretion, and dcjiberaion;
and he felt assured that, whatever direction
hould he given to it, hy the Senate or by the olheJ
House, it would receive from their hands the attention
-vhich was due to its importance. Favorable, how ver,
as he was to this plan, he might be permitted to
i?y that there were some portions of it which stagger it
his judgment a great ileal, and which were of a
Magnitude which might it.crease, lie hud always
icted w ith genti. men on this floor on the general principle
that, in financial Operatic*. s, the Government
ihould conform itself, as much as possible, to the inililutious
of the lountry; and he therefore thougth
hat it was lUcir duty, as a limited Government, de iving
their rights from the people, whenever evils noiressed
llieni, to associate with the St'.te institutions;
ind, tn this way, not discard their powers, hut give
hem a direction lor the benefit of all. iNolw abstaining
all that had been said as to the use of the S ate
tanks, he still adhered to his former expressed opinions;
and recent events had shown him that there
was more propriety now than ever, to employ tin in lor
he purposes of the Government. Willi regaid tothe
project of the Secretary ot the Treasury, it came to
lum in a kind manner, and in a spirit ot compromise;
ind that being the fact, he hoped that they would go
or the country, and the country alone; and forgeling
all private opinions, and party liaisons, that t.icy
would make a sacrilire on the altar of their country.
ii.d do something tor the suffering community. l ie | s'
lid not purpose, when lie arose, logo into a general ' "
'lamination of this subject, but merely desired to ?p i
ironch it, and he trusted that something would be ,
lone to give satisfaction and repose to the eountiy.?
With this View, lie moved that the report o!tli fciecre- ''
ary of the Tret Miry, which, at his nibtar.ee, was laid ''
i| on the table, be now taken up.
Mr. TALLMADGE dul not intend to speak upon 11
his subjeft. as be was stiTi ro.g under physical iud s- n
losition, but in thought it to be bis duty to ni ve its j "
eference to soltte ci iniiiittee, that they might prtsenl ''
t to the Semite in due time for their Consideration - '''
n making this motion, lie -liuilhl not b. suspected ol 11
lulling himself in advance ol others, as there wert '*
uany gent cun n prrsi nt w ho were more ap'r than In P
vas to take charge of the sulijcct. ilia uniform course,
le hoped, would exempt him from a susp cton of that w
iind. lie therefore moved that the report of the Seretary
of the Tree ury be r 'ferred to a select commit- ar
ee ol'mne, to bo appointed by the Chair. If thia melon
should prevuil, lie would reserve the view* winch
ie now entertaiued umil a more appropriate occuaion.
Mr. BUCHANAN remarked that if thin were a
icre report of the Secretary of the Treasury, conliuing
his own opinions alone, he would not think it
roper to investigate it at tills preliminary stage of
usiiuss ; but it came before theni in a most itiiposig
form, anil they were told that it was a measure
i which the cabinet united. The hill was drawn
'ilh the utmost care, and they had as able an arguiciit
in favor of it as was ever presented to the t?eate
; clear in its .statements and technicalities, and
alculated to produce a great etlect upon the country,
lore especially did he feel it to he his duty, as an
uiuhlc member of the great party to which he was
ttached, to speak upon this subject, as it had been
ireulated every where that he was in favor of this
teasure. He could say with the most perlect truth
tat he would willingly support any good measure
. commended by President Tyler, for, m common
ilh millions, lie owed liiiu a debt of gratitude for
is vetoes of the Fiscal Bank and the Fiscal Corpoiti.ili.
Never did he utter a sentiment with more
incerity than when he said, during the last session,
iat lie would he willing to take almost any measure
'Inch he might recommend tor the collection', sal'eeeping,
and transfer of the public moneys. For his
wn par', he felt disposed to give him a perfect carte
taiu/ie, provided Ins plan should b< con line.' to lae
ruiciples ot' e (Julisdtutiun ; but when he extend
J it beyond .lie objects specilied in that instrument,
ml proposd to iniike use of a Government paper cui ncy,
and pin the public money in jeopardy, l>y placig
u in the hands of speculators or merchants, to
lose features ol the plac he must give his determined
nd solemn opposition. It was right that the coun y
should know their opine lis on this subject.
V ithoui such a plan as was here pioposcd, the encr
y, uh; industry, ot trie country were such, tual lliey
uUlJ coon relieve llie people Iromthc depressed con
ition in which they were not* placed, and Jill the
juniiy to ile former state ot" prosperity, it l> It to j
teniae! ves ; but, us long an tile people ot the couny,
instead of looking io their owncoi cei ns,depended
pun the Government uL.ie, their energies would tie
iralyxed i und they would he expecting rehel whence
0 rehel could Cooie. lie hud looked at thin plan in
lery aspect, in which it could present itseli to Inn
ilnd, and Could see nothinp in it hot the plan ot u
rent Government Burik, tu he conducted exclusively
y the Governaient, the puper issued exclusively hy
ie Governuieut ; in short, tioui hist to lust, it wue i
olliing hut a Government Bank. W hut were the
luitioos of a bunk! It received deposttes, circulated
jper currency end loaned money, and dealt in bills
1 exchange und promissory notes. These were the
npouant lunctions ol u hank. And were these
jwers nut possessed hy the proposed institution!
ft, they were, with apparent honesty, told hy the
ecreluiy of the Treasury, that this could not he demniiiultda
Goverumeiil Bank!
Hp then went into an examination of the plan, with
vh w to demonstrate the evils winch he c deceived
ould result to the country fiotiiils opeiatlon, and its
nlitness lor the purposes lor which it was designed;
ml lie spoke of ns ilangerous tendencies to oppress
ie people, should a dangerous and ambitious man, an
.uron Burr, be placed in the chair of fcdate, who, by
us plan, would posstss the control of the revenues
id ttie-taxes collected Iroin the people, and bring tin So
111 uprices to bear upon important elections, und so
irrupt the liberties of the country that they would
at be worth preserving.
Mr CALHOUN said that he had read.the report
1th a great deal of ullemion, a nil he must say that It
as simple, explicit J and it was entitled to u higher
iiliplimenl?it was manly in itself. lle regarded the
lmissions made hi the report us u liiumphunl vimliit'oti
ot'the course pursued by the puity to wnien he
as utluehed, for It ail.Hilled that u National Balis,
ion ii there were no eoi.slilu'ii nal objections to such
i insli'ulion, was nut f*|? dient. lie Was of the option
thai the report had w orn out much of the spat e
I ween his friends and those I rum w bum the repoti
line ; and all they liud to do was to stand still,
id time and reason would bring the r. si.?
ut notwithstanding the admissions 01 the Seen lary,
ns scheme contained iu.nl detects. They had been
sly elated by the Senator from Pennsylvania. It
ut & Wane not in all'ect, but in fuel, and it woulu |
e.ite a large debt. These abjections, if ilicro were
u other, were fat al, and w uli i it her ol them, lie could
nl ?i.,i|iort the measure. V\ ithuiil Ihe lea si unkind
eliug* to the Secretary of the 1 reasuiy, w ilu his I
esenl niipru>sioiis lie cou a agieo to iiu arrangement |
hiclt Cou.d, in any (< spiel, charge the ground on
hi.It he uud hin niendi Siuod. 1 hey l.ud placed
leiuselves on certain principles, and weionut willing
i give them up. iiu ought aay that in tiius cxpres
ng hiniseif, he spoke the opinions of the Iriends
round him, who were not, in the leuat, dtsp red to i
ield.
Mr RIVES observed that his honorable friend (Mr.
'allma.ge) who moved the ri I renee of this measure,
ad distinctly slated that heconstdeieJ any nuiarki
rt the character of the project, al litis time, as out of
lace, because, in the hands of a committee, it must
oint relv rejected, or placed in a shape before the Se
ate free ol ohjectlons. iievouid say on belitt f of '
is Itiend, that with tua concurrence, at least, if a j>e
ct i w II111111 e should b? raised, they would noi be
>un I reeoiiiuii mling any seheiue ol a Uovernmeiit
lank lor the adoption ur consideration of the Senate,
ill lhe remarks wInch were made by ' he Senator ti?mi
'ennsyIvan.a and the Senator tri.m South Carolina 1
ere gratuitous,'and it would have been far bclltr if
it y had lescivnl lluir remarks until tuay saw \
io Giipein winch th coMimiltct placed tliu measure I i
ir lho Kcii.in ot'ihe S< nuic
lie then replied to the remarks of Mr. Buchanan |
nd Mr. Calhoun, and said that they ought not to con- | '
;nd against any measure sun|ily because it was pro- |
used by others, but tlicv should show their hand and I
ring lurward their substitute. Were they, in the
resent state of the country, to lift up their hands,
nd cry out that "the pcopic expected too much lroni
le Government " \\ hat was the Government meant 1
>r. if it was not intended to afford relief * They had I
card sueli language once before, and, after the reuke
it received, he had never expected to hear it reCated
on this lloor. A great man had said that tineminent
was a practical thing, made for the advan(ge
of mankind, and was not a metaphysical abstrae011.
Tliev wvrc told that cveiy tiling would come
iglit if the people wire left to themselves; but that
as not his doctrine, and he repudiated u now, as he
ad on former occasions. Jtut the ijuestion was, what j
us to be do i ' and he propounded the query sol- ,
mnly to every ui;..i in the Senate. They liad had an
ltimation from the Senator from South t arolina that j
e fought under tin Sub-Treasury llag, and he sup- I
used that that was the llag to he thrown out to the |
ountry : and flicy had bean told by the Senator from
lissouri, on a former occasion, that, it the I'resident '
ould re, omnieiid the Sub-Treasury, lie would gl ully '
ipport liiiu. I hey were to understand,then,from these 1
entlenicn, that the Sub-Treasury, and nothing hut j
lie Sub-Treasury, was to lie ottered by these Senators j
r the relief of the t mtry. Hut would the country
licit* No; the country had said that they wounl
t take it. II gentlemen imagined that, since tin j
ist autumn < lections, the people had become favorble'o
the Suit-Treasury system, they would soon
wake to a sense of their, delusion. The'people of
his eountry, while they retained liberty, would not.
tultr any circumstances, accept ol the Sub-Treasiiy,
which had hern proposed a? a sovereign remedy,
s a cataplasm for the wounds inflicted i... the eounry
by the reckless policy of previous administraiotis.
W hat w as their'position ? \ National Hank
las at this time out of the question ; the State
iaiik s1 stein had l een discarded, and the Sub-'l trnury
eondemucd. Something then, unquestionably,
iu-.t he done to enable the eountry, weighed down
v i powerful incubus, to rise again on its feet, and
n tie its credit at home and abroad, lie should
lk. to see the man who would come forwaid now and j
ay, m this condition of the country, nothing was to
e done. If there was such a man, he might admire
is candor, hut he could not enlist under his banner.
It desired to do something. It they could not get
11at which was best, or second best, they would get
lint which was practicable, if it were likely to lead
> any substantial relief. With regard to the plan of
lie Secretary of the Treasury, lie did notbclive that
ny man was prepared to give to it an unqttallied suport.
I' must he materially changed m its fundaineiii!
principles?there must lie a change. In the first J
l,u e. it must not tie obnoxious to the imputation of
cing a Government Hank; and, unless it should he (
Iripped of the power of dealing in exchange he
. on Id oppose it; he meant that it should not discount
ills ( I exchange, and it tnust he stripped . of every 1
iing pertaining to the functions of a hank, so far, at
. .. ,.?l..._l ... I 1: . . . -i . . i
iiileu iii luiiuuig i i o?iiig me purine money j
i private purposes. lie was proud to s.iv. In lie-I 1
.lit of the party with which he noted, that no eon- I
ruination, in advance,hud been thrown out In them I '
-i the only measure whirh would .teem calculated to j
llind relief to the country. W hat a striking coti :i-t_
did this athird, compared to the Other side, '
iim'-which a predetermined opposition had just hern 1
nmuntered ! Itut, notwithstanding these dciwmMra- '
oils, let them, in all liberality and randor, endeavor
i agefe upon some measure calculated to relieve a |
itriotie and suffering people.
Mr. MANGUM then obtained tiie floor hut gave
a) to t
Mr HUNTINGTON, on whose motion the Senate <
Ijuurned. '
i.*
\
HOUSE OF REPRESENTATIVES.
Wkdnmiuy, Dec.tJU, IH41.
Immediate'? ater the wading of (he Journal,
Mr. CUS111NO expressed a wish that the House 1
would, by general content, postpone the general ordria
tor a time, to permit the reception of rcjwrls t'roui
couiiiniteea. 1
Mr I'.ASTM AN (who km fiiia!}'! to the floor on 1
the Tumi debute, had no objection*, if it waa the ge- 1
nerul wuh to receive report* now.) lie wuhed lu
know, however, whether he would have the Hour after
that. |
1'he SPEAKER replied that lh'< gentleman from
New Hampshire would of course Le still entitled to
the floor.
uwuuuij viid I' j'l'ivcvi a mil ^luiiuo^ (,'UUIHy IttflUH j ]
o I he heirs of General du l'oriail, General Anna nil
iml Vlnj ir ile Pouillnn. ltead twice.
.Mr. GOODK moved its immediate engrossment by '
general consent, as it involved no appropriation.
Mr. CAVE JOHNSON objected; and, on motion
if Mr. Cioode, il was llien relerred to the Committee |
if the Whole, ordered to be printed, and made the
irder of the day for to-morrow.
Mr. i\ G. GOODK, from the same committee, also
eporti d a bill for the payment of the claims of the r
vidow of anofliccr. Head twice, and ordered to be |
innted, relerred to the Committee of the Whole, and 1
iiade the order of the day for to-morrow.
Mr. LINN, Irom the Committee 011 l'uhlic Expenlilures,
reported a resolution authorizing that com- |
nittee to send lor persons and pa|iers. Passed.
Mr. ADAMS, from the Committee on Foreign Re
at ions, reiKirted a resolution to refer to that commit- !
ec that part of the President's Message of last session, |
vhich relates to the foreign relations of this Govern- ;
nent. Passed. '
Mr. CUSHING from the same committee renortetl I
til;? providing tof the re.let' tit' certain claimant* for
iihilidtiona on cornnierco. Head twice, &.C., accordnglo
the usual course with previous reports.
Mr. POPE introduced a resolution calling on the
Postmaster General loi a report of the amount pud by
he Department lor the transportation of mails on rail
roads and all public roads in the United States.
Passed.
Messrs. MORRIS, STRATTON, and AYCRIGG,
from the Committee on Invalid Pensions,
reported various biils in favor of claimants; which r
ivere read und referred in the usual way.
Mr. TALIAFERRO, from theC"Uiimiltee on Revolu'ionary
Pensions, reported trills foi the relief ot
ieveral claim.ills j which took I tie usual Course.
Mr. WARD presented several petitions.
Mr. lit tRK INS, according io previous notice, askt'd
leave t<i introduce a'bill to repeal the General
Bnnkiupt lawMr.
JOHN C. CLA RK objected, and the bill was
not received.
.Mr. FILLMORE said flint he w as instructed by the
Committee on Ways and Means to ask the unanimous
consent of the llr.use to a motion that the House do (
now resolve itself into Com. of the Whole on the
state of the Union, to take into consideration the condition
of the Treasury. The Secretary had this morning
communicated to hint the fact that there was a
dtjicii in the Treasury of t,0ll<t.
Mr. J- THOMPSON, of .Mississippi, objected.
Mr. STANLY w ished to inquire of the Chairman
of the St lect Committee on Finance and Currency, ,
when that Committee would be ready to report on
the Plan of Finance referred to them? It was a sub- ,
jiu-t on which the House and the Nation were deeply
anxious, and he asked not merely for himself but for
the information of the. country. *
Mr. (TSH1NG said he could hot give a definite
answer to the inquiry. He would say to the gentleman,
however, that if lie were anxious for a speedy
report, it would much facilitate that object if the
House would refer to the Committee the subject named,
as the resolution referring that portion of the 1
Message to them had not yet been passed,
Mr. SlANLA ?iid, llnit hie report and plan of
I he Secretary of the Treasury had already been reli'iri
d lo the Committee.
The SPEAKER now annonncd the general orders,
being the uiilin'shed debate nil the reference of i
that pot I ion of I lie Presidents Mrs age. which re'
to the tariff? the gentleman from Now Hanipshoe '
being entitled to the floor.'
Mr EASTMAN resumed Ins remarks on the politico
of the count'v. pr -ruling ill detail the results of
the iccent elections in dillierent States as evidences of
If--condemnation of Whig policy by the people. He
contended that if the voice ot the people thus expressed
were now obeytd by their Senators and R< prescnta
lives, mo i icmocratic jiar'y would have a majority of |
thirty in the Houae, and instead of twenty-one Senators,they
would have thirty. The measures of the extra
session, the loan, the Revenue bill,the Distribution,
the grant c. 525,000 to Mrs. Harrison,the one hour 1
rule,and othr r acts hail met w ith the signal disapprohation
ol the people, and had caused the overthrow of
the Whigs.
[Mr. Q. DA VI.>called ltioi to order at twodif-j
ferent limes for irrelevancy, hut the Speaker decided | (
that since the debate had hitherto taken so vv.de a I
range, ho mu*i be permitted to go on.
Mr. K A S I'M A N, in continuation, replied in a very |
pointed tnanner to the attack on the character of New
I lampshii e made by Mr. Arnold, lie presented a 1
parallel between that Stale and Tennessee, showing |
lite former to be superior to the latter in many respects, |
such as education, wealth, cultivation, manufactures, tommerce,
&c.
Mr. MERIWETHER spoke until the adjourn* I
ment in opposition to a protective tariff. He sattl he ,
would not go with the Peoieor.?y to discriminate j
vgninst manufacture* in a tariff of revenue. But, j
n a tariff laid for the sole purpose of revenue, he j
ivou'd he willing to discriminate s i far as would favor |
ill classes alike, m t merely for the I en< fit ofnianufae
i.rers as a favored class 5 et he would nut, n? some ;
had done,consent to drnouttre the inanufaelurers ns a :
lass of we I liy nabobs. There were in bis own .State ,
unnv inanuf.ietu.ers, whom he knew to be men of
ntebigenee and vvutlh.
He replied, in the course of h s remarks, to the re- |
ent argument of Mr Hudson, somewhat in detail, i
lie commented also upon the ep eeh ot Mr. (twin. j "
He finished a few minutes before three.
Just before the adjournment, pet.t ons wete presented
by Messrs. Cross, Buardmai), Iiidgway, and |
ither gentlemen. a
The House adjourned at'3 o'clock
Committees Iwin^r then called iu order fur reports,?
from the Committee on Claims,
Mr. UIDDINUS reported bills for the relief of John
L. Cline, J. L. Marauley, John Wilkinson's heirs,
W. U. Cheever's heirs,Ueorge Randall and others, J.
P. Campbell, and the Springfield Manufacturing
Company,?all of which were read twice, ordered to
be printed, referred to tlio Coiiunitee of the Whole,
arid made the order of the day for to-morrow.
Mr. UIDUINQ8, also, re (Kit ted from the same
committee u resolution au'hortz. ng them to continue
ihe emph yiiienl of their clerk, at the usual compensation.
Mr. CAVE JOHNSON made some objections
not heard arid moved to amen I by adding "during
.Ills session of Congress."
Mr. U1DDINGB had no personal objections, and
would be willing to accept the amendment. The
committee had a great amount of business which had
bilheito rendered it important lo continue the employne.il
pf u cleik during the year. Huiiog the lasi in- *
erval, the clerk had prepared a complete digest and
ndei of ail elaims against the United Stales from
17H!>, hi Iliia year.
Mr. t IOPKINS said that it appeared now that the
"01 o mil lee had been employ . g u clerk without any
lUlhorily from the II- use to do so. The llojsc Inslession,
by u vote, K-lused to pass a reshlu' on to that
fleet, when reported by the same gentleman.
Mr. Mi.KtiON urged the mcessity ofthe prevision
isNfcl liy the resolution The Couiintttee on CUons
sere a very deserving and lahoiious committee ; and
were unanimous in reporting this resolution.
After some further remarks from Messrs. Cave
Johnson aid Hopkins,
Mr. OIDDINUS withdrew his acceptance of the ,
intendment, us it was urged that he had no right on
lis personal responsibility to modify tlu refiori of a
committee.
l ne ijuestion on llie adoption ol the amendment beno
taken by yea* and nays resulted?yea* !>0, nays .
jl. So the amendment was adopted.
The resolution, as amended, was then passed with- "
rut a division.
Mr. FEN D LET ON aske I leave to introduce a bill
[of which be had given due notice) to alter the di?ricts
of the U. S. Courts in Ohio; but it was decided
not to be now in order.
Mr. BU ItKE(from the Committee on Claim*) presented
reports adverse to several petitions,
Mr. HlfBAllD (from the same committee) presented
a resolution, which was passed, discharging the |
soiimiitlec from.the consideration of i certain petuion,
ind relerring it to the Committee on Kevolu lunary
Pensions.
Mr. MOIIROW, from the Committee on Public
Lands, l(ported a bill to further extend the time of
ssuing the land-warrants to olliccrs and soldiers ol
lie Revolutionary Army. Read twice and ordered to
je printed.
Mr. HOWARD, from the same committee, reported
a hill for the relief ol Oiled F. Lacy. Read
wice, ordered to he printed, and made tile order ol the'
lav for tomorrow.
Mr. P. G. GOODE, from the Committee on Revo- |
r-i.i . ? - i..11 * - ? i
i I
*
1*9^1
I !
m- 1 11 - -- Bank
OF ray. Mkthof ?U?,
December 25th, IHII.
THIS benk will not be open on Saturday next,
the 1*1 ol January. ? |
All peraon* baaing note* due on that day, and on
the next day, aie required to provide lor (turn Ly 'J
/clock on the Friday preceding. 1
llD. SMITH, Ca.hier.
dec 33?3t
STATE ARMORY AND TOWN HALL Lo 1
TERYOF BALTIMORE.
CLASS 58, DRAWS TO-DAY !
I prite of $(14,000 | 2 ) prsea of tftl.OOU
1 5,000 | 50 no 250
I 3 000 I 50 do 2i?:>
1 1,714 | 50 do 150 I.I
Ac. See. Sic.
Whole tickets ?5. Sharon in p.opurtion. '
Lowest ono numb r pr.r ?'G.
Clam 59, draws Friday, Dec. 31 nt
1 prize of ?15,0G4 '20 prize* of 6) 000
1 do 5,000 10 do 500
1 do 2,500 10 do 300
10 of #250?20 ol ?200, Ac. Ac .
Whole Ticket* #5. Shares in proportion.
Lowest one number prize ?0.
For tickets, or shares, in the above splendid schemes
pp'y to or address
WILLIAM II. RICE, Agent,
Manager's Office, Perm, avenue near 1 1-2 st
dec '29-td
DANCING ACADEMY. Mr. F. C. LADBE
has the honoi to intbrm the ladies and gentlemen
it Washington and Georgetown, that his second
ourse for instruction in the art of dam ing will cornl.cnce
at his dwelling house, Washington, Penm-y!rania
avenue, opjHisile Fuller's Hotel, Tuesday, J >nniry
lth, and at the Union Hotel, Georgetown, on
Friday, January 7th. Days of tuition in Wasting;
on Tuesday, Thursday, and Saturday from 3 to
> p. m. for ladies; from 5 o 7 for young ladies. Ami
it Georgetown Monday and Friday, from 3 to C p. in.
N. 11 ? Boarding schools attended as usual.
(IPC ?PT-"?W
$1,000 rewaupT
ROBBERY.?About 1 o'clock, on Monday, n
small rooui, adjoining (he large Nation:)! Gullcry,
vas entered by false keys, and a case containing many
raluabje articles forced open. The following were
itolen :
The elegant Gold Sni.f-Boi set with diamonds,
n the lid wcs the letter A, in diamonds. A Pe*rl
Necklace, containing 14H pearls. Also two very large
>ne?, separate, presented by the Iinaum of Muscat to
he President.
A Gold Scabbard?the sword was left, the Scabraid
doubtless doubled up.
The above reward will be paid for the recovery of the (
irticles and detection of the robber.
The room in which the articles were kept had been
irened but a few moments previous to the robbery, to how
the curiosity to visitors.
HENRY L ELLSWORTH,
Commissioner of Patents.
Dec 21, 1841.
, | jj
C. H. VAN PATTEN, M. D 1
dentist. ?jv aI
Pennsylvania avenue,a few doors front Brown's
Hotel. rev M'i is ly |PvJR
VPLESDU) LOTTEHIES for JWIA/IY '
1842. I i''
J. S. Gregory & Co. Managers.
VIRGINIA MONONGALIA LOTTERY,
Class A, for 1812.
robe drawn in Alexandria,' Va. on Saturday, the
1st January, 184*2. \
grand scheme.
1 prize of $23,000 I 10 prize* of ?800 f t
1 do 8,0'Hi | 10 do t:0f?
1 do 4,006 10 do ' )
1 do 3,000 | 10 do H>|
1 do 2,224 | 20 do 300 J j
10 |>riz?*? of 1,000 I 70 do 200 I
Ac. A*c. &c. Vii
at drawn number $15, 2d drawn number $13,3d ' 1
drawn number $ll,4th drawn number $10, and I
1 lowest prize $8.
Tickets only $8?Halves ?1?Quarters 82.
Cert Heat ci of packages of 25 wholes, $110 00
Do. do 25 halves, 35 00
Do. do 25 quarters, ' 27 50
$30,000?$ 15,000. '
VIRGINIA LEES BURG LUTTFUY, I
Class A, for 18-12,
To be drawn at Alexandria, Va., on Saturday, the
bth of January, 1842.
grand scheme*.
1 prize of $30,000 I I prize of $2,500
1 do 15,000 I 1 do *2,000
1 do 6,000 I 25 prizes 1,000 i
1 do 5,01 HI | 25 do 300 . .
1 do 4,028 | 28 do 300 Jh
1 do 3,000 | 200 do 250
Ac. Ac. &r,
75 drawn numbers?13 drawn ballots. h
Tickets $10?Halves $5 00?tAuartcrs $2 50 .)
Certificates of packages of 25 whole tickets, $1 >u no I
Do. do, 25 ha f d.i. Of) OO
Do. do. 25 quarter)- do. 32 50
Capital $35,291?Nctt $30,000. j
VIRGINIA MONONGALIA LOTTERY, 1 '
Class B for 1842. 1 |
To be drawn at Alexandria, Vn., on Saturday. Ju I
nuary 15, 1812.
splendid Scheme: jJ
1 prize of $45,294 I 50 prizes ol Jf l.(O) v
1 do 10,000 | 50 do 400
1 da 4,000 I 50 do 3(H)
1 do 1,003 | 132 do 200
&e. Ac. AcTickets
$10?Halves $5?Quarters $2 50.
Certificates of packages of 2ti whole tickets -fl30 (Vl
Do. do. 20 half do ( 5 10
Do. do. 20 quartei do 32 "0
$30,000.
VIRGINIA WEI.LSBURG LOTTEDV
Class A for 1842.
l o W urawn at Alexandria, Vn . on Satttrd.iv '.I u
22d January, I84'2.
GHANU CAPITALS :
1 prize of 330,00(1' 1 prize of Sl,3ti3
1 do 10,000 10 t rizes of 1,300
1 do .*>,000 10 do I ,"200
1 do 1,000 10 do 1,000
1 do '2,500 10 do 000
I do '2,000 ! 10 do fit ?
1 do .1,800 I 10 do 100
Str. (Sir
1 xt drawn number $10, second drawn number
third drawn number SI 1, fourth drawn nu'i.l. i
$13, fifth or sixth drawn numlx r $12, lowct pur
S10.
Ticket* 310; Halve* w.">; Quarters S2 ."><1
Certificate* of package* of 25 Whole Tick-1* $ 130 OO
Do. do '2" Half do tV'i ' 'i
Do. do 25 Quarter do 32 *0
$10,000? SI 5,000.
VIRGINIA LEESHURG LOTTERY.
Class H, for 1*42,
?o be drawn in Aletnndiia, \ a , on Snlurdav .'a
Inary 29, 1842.
nnri.i.tANT scHrstr :
1 prize of SIO.OOO 10 prizes of 8l,.'V.'ft
1. do 15,000 '20 do | ,"(i
1 do 7,000 50 db 1,.<00
4 do 5,190 CO do '.On
fipriz.es of 2,000 70 do '21 (0
Ac. Ac (V
Ticketa only S10?Halve* $5?Quarter* -2 50
Ccrtifieate* of package* of V'i whole*, ?l 3
Do do 20 halve* , 1 ,
Do do '20 quarter- 3:5
For t ekrti and *hn.re? and certificates of prc.ka?ei
a the above magnificent scheme*, address
J. (J GREGORY Co. Manager*, V
W as h i ngfotnity. j
f^pThe Drawing* will be sent to all who order
bove a* soon a* over,
dee 21 2aw3wddte

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