Indiana American, Volume 9, Number 30, Brookville, Franklin County, 23 July 1841 — Page 2
detn shots and ly down the plan of hi speach and then fill it up when he wrote it out. He iaid he could not understand why the Committee of Wars nnd Mean should give the
Secretary or the Treasury 12,000.000 dollar, when he had only asked for 0,000,000 dot-
ur.
Mr Wood also opposed the bill, because a loan would be more expensive than an issue
f Treasury notes. The amount of 12,000000 dollar iuescf the laller would cost but
v,000 dollar, while the bill allowed the Sec
retary 12,000 dollars to be expended in ma ing this loan.
Mr dishing said that he was gratified to erte the temper with which the discussion
was conducted. I he (art
of compromise, we forbear to exttnd the', nrooer. and of course expedient." New, f
branching power to this particular Bank, that I you ran make any thing of ibis, you are enwe surrender the power altogether. Mr tirely welcome, lor it is more than I can do.
trentiss, the able Senator from Vermont, put! Hi too much In the style of the Delphic ora-
Ihat matter on the right ground. While helcle for my taste the establishment of a Namaintained the full right of Congress to grant! tional Bank ha been demanded by a large
i: tins question was conducted, i lie
va,thi- was simple business discussion; and to? I hope he will not, hut this
-Sowed that the last administration had run mingled wilh fear, that he will.
the country into debt, and it wa now the
the branching power, he ably contended.lhat
Congress, in it discretion, might withhold it
trom this particular corporation, on the
grounds of expediency, and grant it in future.
to this or any other corporation, should it be deemed expedient. This is the common ense view of the case.
It is the prevalent opinion ht re, that Mr. Clay's Bill will! pass the Senate, and that
the House is determined to acquiesce in any
Bill from the Senate. Then come the most
important question nt all wtff ffte rrewteni
nope
opposition toward the wants of the Govern
ment. -,
THE FINANCIAL QUESTION.
It seem to o somewhat surprising that there should be such diversity of opinion a to the true condition of the Treasury, when
that condition is susceptible of ucb easy il
ls
majority of the people and always advocated
by the Whig party. 1 here must now be no
hesitation on the part of the Executive, and I lustration as the following:
all political abstractions should give place toll he amount or Treasury notes unredeemed
the obvious requirements of the people and by settlement of accounts, and therefore
the interests of the nation. We shall see. I outstanding, (debt) on 1st Jan.
Speeches are continued by the hour, in the! 1841, was $4,96616 House, on the Loan bill. The hig charge The amount of outstanding ap-
the last administration with all the embarrass-1 propnations (liabilities) on
ments and pecuniary difficulties now expert-1 1st Jan. 1841, was
enced, which is the tmth, and the Locos at
tempt very strangely to cast the odium en the The actual amount ef debt and
Whigs. A Mr l'atterssn.of Tennessee,made liabilities on 1st January, 1841
himsell ridiculous yesterday by attacking the
12.303,265
nielli) ike tiiir if its .
tbe lands is it.rreatcd. the diitril...,: ' .
discontinued. vu
fL tl trmfift In sarli Af
abote, which has net heretofore graati r
internal tmprovrnnents equal lo500.0C0
Un cnlSrUnl in nuilr nn Ik... 1 .. ,c
.v n...iv Kgm.iuic ino Tears U 320 acre tracts. These lands are nr. i. ,
sold at lers than $1 25 per acie the BrV ceeds are to be applied to works of inteLi improvement. Roads, bridges, r&rals &r
constructed with this fund, to be free for tl, transpotation of the mail, and the tucpi etd munitions of war of the U. S.
was
Of one thing, you may rest assured what-cabinet, instead of speaking to the question The amount of appropriations
of all kinds made at the last session of the twenty sixth Congress for the service of the year 1841, was
...r..ij..ir..riun,.i,iin...ii itoiiian . : i t..! ..sit k kii L.r - k. n.... ti... ... I
' -vendcd that Treasury Notes redeemable lima tion, for ihe best interest of the country. I great capital out of the apparent inconsistent
in one 3 ear. were as much n debt, as a loan His devoted patriotism is beyond the reach of (cv of distributing the proceeds of the public
-r a funded debt of eight years. suspicion. If he-applies the veto, it will not lands among the States, and then borrowing M r Eastman rose in opposition to the hill, be frivolous pretentions, but on high constitu- 12 millions to fill the vacuum in the public
;ui.! said that ifthm: was a debt incurred dn- tional grounds, as he construes the fundamtn- treasury. To day. Ihe Virginia notions were! The actual amount of debt and
mi the last administration it was brought tat law. That he is predisposed to acquiesce again apparent in a speech of Governor Gil-1 liabilities between 1st Jan. ip.Mi them by Whig mcasuics and Whig in all the enactments of Congress, no one who mer, who advocated the issue of Treasury) and 4th March, 1841, was
iKs. Knows nun. uouors. Moreover. mis is prooa-i notes in lieu ot a loan, and nrooosed an a-line amount oi revenue receiv.
t . 1 1 k? I . r . ww I a a. . a
ea oeiween ist Jan. ana 4tn
Mr Barnard rose and defended the necessity bly the only question that will arise for years, mendment to the bill, to thai effect. He f thisloan.J He said that there were expenses on which he would he likely to have constilu- seems to have forgotten that the Whig in
? be met, besides the ordinary expenses of tional scruple adverse to the majority of Congress always denounced that plan as a ihe country and ridiculed the idea of fear, Congress. On all other practical questions, loan in disguise, and voted against it during which appeared to be entertained on this he will be likely to co-operate, heart and the last administration. In answer to a aue-
il xir, of funded debt, and borrowing money, soul, with the dominant parly. It then be- tion proposed by Mr. Wise, whether he did For his part he would borrow as much money comes the moie important, for the Whig par- not know that this was an administration ..s foreign capitalists would lend us, on which ty, which is responsible for all measures, to measure, he asserted that neither he, nor any ve could make money. Ii had been the cus- meet on some fair ground of compromise, on other man, could tell what was now an ad-
lomof this country to borrow until the ?res- which all the branches of the Government can ministration measure, and he thought it was Which, deducted, leaves the
m lime; ana we .aa properea in me prac- harmonize, for the common good ol the com- proper, as every man was free to exercise his amount of debt and liibili-
ce. iVir aiauic) outamca me noor, anu me mon country. By whom, and in what man- own itidVment. It must h admitted, howev- ties on 4th March IRll
jt-. j ... i y o ; . r . . i . v rr
iner, inis great question is to be aajustec, a er, that our Iricnds have strange notions oc-rl he amount is chargeable up
ew days will determine;meanwnue,iRecoun try awit the result, with anxious solicitude.
Yours, truly, A.
March, 1841, including the balance in the Treasury on 1st Jan., 1841, as appears by the TreasuryReport of 2nd June, and including also an amount received from the Bank of the United States was
House adjourned
The proceeding report does not do anything like justice to the remarks of Mr Salt- ... tstall. They were able and eloquent, nnd we shall endeavor to transfer them to our lumns hereafter. The National Intelli gener reports them at length.
Corrffpon Irnce of the Bait, Patriot. W AsnisGTf.ji, July 10, 1841.
Corewnrfence of the Cin. Ga. Washington, July 10th. The result of the Cabinet council held
few days ago, as mentioned in my last, has
I not yet been made
er, that our Iricnds have strange notions oc
casionally.
I will endeavor to complete Ihe sketch oft
the history of the Bank in my next.
Amacuarsis.
It secures to every head of a fan..!, -l .
a citizen of the United States above 21 old. who since Ihe l.t of June 1840, shall have personally settled upon rtoblir U.. a. .
17,273,081 which the Indian title has been etiiB!jJf
" u.timij mcicun, me right to pa
iit iw ncrre inciuoine nis iirii:
paying for the came the minimum price.-!
l'ersons nho have bad the benefit r.f r
19.71fl.095 1 mer pre eroption law those wha are on.
r ()lV . .
oi acres oi iana tnose who abandon tK;
residence for thef purpose of claiming ihe pte emptionire not permitted to avail ihemuu
3G,992,176 lof the law, nor is any person entitled to rrctt
than one pre emotion right.
s. w here two settle on the same qturter section, the first settler has the right. TV.
putes are settled by Receivers wiih a rifci
appeal to the Sfcretary of the Trcasnryl
minims are csiaoiisnea en ine oatn oi tbeclai
mant. r alse swearing to be punished u wr.
iurr. and forASla lh riirM
3,927,727 9. Present settlers to make the onrck..
wilhin 3 months after the passage of the set
move Hcreaiwr seining to nie claims siihis 30 days after settlement, and fulfil the ot)M
,uo4,i3j requirements within 12 months aftet setllt
meoL -KAn. Gax.
SKNATB. Thcrsdat. July 15. Mr. Wrieht nresentd resolutions of a nub-
known. The object of l,c meeting at New York, in relation to A-
The land I -ill, a you know, ha passed the that meeting was, it is believed, to prevail up- meriran citizens orison era in a fnroiirn roun.
House, and will pass the Senate as a matter Qn President Tyler to sign the Bank bill re- try, which was referred to the Committee on
I course, ana necomc a law. our, oy an ported by Mr. Ulay, and wnicn it is iiiougni foreign Afiairs.
i ; k aAi rri rai. . a s m a. . . .
Mr. lallmadge presented petitions in favor
ola Ueneral Bankrupt Ll w.
removals from office.
The Senate resumed the consideration of
the resolution offered by Mr. Buchanan call
since
on revenue accruing and to be received aAer4th March 1841, of which it is estimated there will be received between 4th March and the end of the year, (per Treasury Report.)
t.lJs. the most interesting question oi me l will nass. Ihe members ol the Cabinet are
-.-ssioo, is the bill for the Charter of a Hank said to be all in favor of the bill, if that of the lis fate is iowed here with intense interest Secretary cannot be passed, of which there is by both parties. You have, kept your readers now no probability. In my opinion Mr Clay fO fully informed in rehtion t the bill itself, committed a blunder by calling upon the Second the Usl auietiJnxnt of Mr Rives, that 1 retary for the project of a bank, and the Cab
man ad'l nothing on the details. It is my pur-inel another by saying any thing about it. ling for a list of removals from office
nose to give you the 'tntt ol conversation and ( have no doubt Mr. I yler would have signed March, 1841. . . l - i . t r I . . - t .it . I ti i .
Which, deducted, leaves the probable amount of debt & liabilities on 1st Jan., 1842 To which should be added for
interest on treasury notes re-
l.THCuiRB aaroaa tub Revolutim
f fu 1 t. . i. . . I
pvu iw not a mouern gran in ine jonri
prudence oi our country. Uur good old (on
fathers practiced it and a perfeetioa too,
I lust before the creat fieht. Manv a Tort t
14,(170,0001 lhoe davs, could he come back and tU u
would trs'ifyto this fact. We hate befi!
amused with reading the following sammsrt
method by which the sons of Liberty evince!
$18,394,449 their detestation of the Stamp act aodoftha
who favored it. We quote from the Bostoc Gazette, of March 21st. 1766. a file ef whkl
deemed during the year, probably 300,000 1 before us. It seems to be editorial: I
1 "We near that arersonin the neiguoenw
Making the sum of 18,694,449 Government lately refused to pay a Dew K
This sum will be diminishtd or increased which he was attached, because the Wri
exactly as the revenue which mar have heen I was not stamped: the dodoIous immcdiitel
- . . .Ml.. I . . . 1
received between the 4th of March ana jiei upon neanng thereof, assembled and Mnri December shall be greater or less than the the Fellow before them, passed the three iol
- v a : la w . a . i
entiment here, both in and out of Congress, the oroiect of Mr. Clay if it had been intro- The Question was then taken on the amend- aHiut estimated- Now, whatever portion lowing votes and resolves, viz:
on the sul itct matter. Whatever may be ,tred and nasscd without callinc uron the mend offered bv Mr. M antrum. h!ch was a. ofthismay he required lobe met during ine Vote 1. That this man is not a Christart
our own private sentiments in regard to the administration for their scheme and it is greed to. year 1841 can only be met by borrowing Vole 2. That he ourht lo be of some Rtl
- . r i ... .... n. i i i . r mana m 1 .
tendency nl events, and the movements oi sun a mooted point here whether the rresi- ihe resolution was then passed over k money or ny oeirrnng pnjwcu.. j - gion.
various divisions and subdivisions of party, a Uent will or will not sign it. It is still my general consent.
true statement of the case will be interesting opinion that he will not. In the Senate it is Mr. Clay expressed a wish that the Senate I I . . . . a a I . Mil . . ....
to von ana vour rcauers. still under discussion, and amendment upmiwouii lane up the L.oan bill, tie stated that
Treaiurv note.
fThe nnnrennations which may be maue
a srsi w
at the extra session are not included in the
ft is perfectly evident that nearly the whole amendment is offered bv the opposition, eith
Whig party, and certainly majorities in each er 0 encumber or defeat the passage of the House, are in favor of the establishment of a bi. Several of these amendments have National Bank. But a portion of the Whigs been adopted by the Whigs, in my opinion of each 'IL use have constitutional scruples in very strangely especially when they know tegard to the power of Congress to establish the 0v,jeci 0f ihe loco9 in proposing "them branches, without the consent of the several Timco dunaos el demnferentes.
States in which it is proposed to locate them. Todav a most absurd and extraordinary
It may be that bare majorities in each House proposition was made by Senator Woodbury, are in favor of nn unlimited power to C3tab- to strike out the capital, and read from several lish branches, whether the Stales consent or passages from an old speech of Mr. Clay in not. But it is the current opii.ion here that $ m hich he had taken a stand against
President Tyler has such constitutional scru- ,he recharterinsof the oldbankof the United
pies on the subject, as would induce him to tatef. Clay was exceedingly severe upon veto the bill, unless it reserves to the States the ex Secretary of the Treasury. Told him the right to concur on the branching pnnci- thai he had often referred to that speech
pie. I o meei mis emergency iu v" which seemed to be text book to his politi
fair groun Jot compromise, on wnicn an ine ra opponents, and without which they seemWhigs would. hae an opportunity to join ed as if they would come to a dead standhands and provide a bill which would receive ex?,v,ned v,ry f0r anj satisfactorily the the sanction of the President Mr Rives of- Cauces which led to his change of opinion on fered his amendment proiding that the con- the (.ubjcct.nnd begged him to read the whole sent of the Slates should be requisite, but that, ef it and if he could not be made to under-
wheo onceobtained,they should not be allow- sUnd u he woud endeavor to assist him. He ed to recede. Now I maintain the power of thought that the Senator's mind was too mudCongress, to the utmost extent, to establish a dJ to 6nd - ihing in it lhat wojd be of Rn
Bank, and to plant branches orf .(totrum, and Udvantage to him and that he was in the habit
I should preier mr Vyiaj e om s w, wmium amendment; but if we cannot have the bill entire. I po for the best we can get, in the
I - c - ..."
fciiane of a compromise, which promises to
have the sanction of the Executive. Such is the bill as proposed lo be amended by Mr.j Rives. The amendment offered by Mr Bayard, of Delaware, would also meet the emergency. This is the substance of Mr Rives plan' in a negative shape; that is to say, branches to be allowed unless denied by the States. But each amendment contains this conervative principle: that the consent once obtained, the Slates should not recede. Now, the question is whether we shall have no Bank, or a Bank of tKis principle. 1 go for a Bank at all events. My position is this: If the consent of the States is requisite
mott of the States will assent in the oitset.
and nearly all the rest will come in soon, and
probably all sooner or later. We shall, then, have Slates enough' to commence operations in the outset, and, finally, should Missouri,
Arkansas and New Hampshire not come mat all, we could get along without a branch at Portsmouth, St Louis or Little Rock. But I
apprehend that, should the Bank work well.
Mr Benton, Mr Sevier and Mr Pierce would find it difficult to keep the people of their
States from participating in the benefits of
the institution. Who knows thai the oppost tion ef these Senators might net have a ten
dency to change the political character of
those States! But," say the opponents of the amend
sneat, "if we acquiesce, we yield forever,
the constitutional principle." 1 do not so stew it. It does rot follow, became, by way
of dipping constantly into lhat speech, from
which he brought out just what he was wont to do, when he used to thrust his hand into the iron safes of Ihe Treasury, that is just
nothing at all. Uld Mai got quite fretted with the ex Secretary nnd bore down upon
him with great eeverity. Mr. Woodbury
ought never attempt to compete with or pro
yoke Henry Clay. If he does he most neces
sarily expect to be severely castigated, and
he is hot at all fitted for a contest of that sort.
There seems to be some conflict of opinion
in relation to Mr Tyler constitutional doubts
on the subject ef a National Bank. Rives,
in his speech in support of the amendment of
fered by him to Mr. Clay's bill, says "his r,Tylers) unvarying opposition to a National
Bank, on the ground of its unconstitutionality,
had been vouched by the public history and records of the government in the eyes of the
nation, for near a quarter of a century. In his letter to a committee of Henrico county, who proposed to him the following quere faDo you believe the Congress of the United States to be vested with the power by the constitution to incorporate a National Bank!" he says "There is n it in the constitution any express grant of power for such purpose, and it could never be constitutional to exercise that power, save in the event the powers granted to Congress could be carried into effect without resorting to such an institution. The Constitution confer on Congress in ex press terms all powers which are necessary ad proper to carry into effect the granted powers. Now if the powers granted renld not be carried into efiect without iacorporatint; a bank, then it becosnea cecsssary nasi
there would be expended this year twentyfive
millions of dollars, two millions a month and there isonly about $900,000 in hand, enough only for a fortnight. We ought to act on the bill at once, as it will require some time
to make the loan. If there be any objection to taking it up now, he would give notice
that he would move to take it op as soon ni
the Senate should get through its Executive
business.
Mr. Calhoun said he would suggest that a
bill he passed authorizing the issue of Tree
ury notes.
Mr. Clay said we were told some time ago
lhat we would be far ahead of the House.
Now the House is treading our heels, and in a
lew days the Senate will have all the import
ant bills on their table. The cause is plain
..
the minority governs the senate.
Mr. Calhoun said the House had got ahead
by abridging the Ircedom ol speech.
Mr. Clay said the course of the House ha
met with the approbation of the country, and
he was ready now to adopt some similar mode
of compelling tbe action of the Senate.
Mr. King said if the gentlemen made an
effort to abridge debate here, he might make
his amendments at his boarding house for
next winter, tie said he and his friends were willing to take the vote on the Bank Bill by Monday. He desired to take the question and let the country judge between them.
Mr. Benton said that he agreed that the
Hank Bill could be carried lo a final vote by Monday, and by easy silting. He anticipa
ted the introduction of the previous question
into the Senate, and not only into the Senate
but into the quasi committee of the Senate
and he should consider that change as eooa
lo the introduction of a despot with his troops who should make us all jump out of the windows. He should consider his legislative life
ended when such a change should be effected. He would scorn to hold legislative existence afterwards. He hod merely risen to back his friends. We are ready to finish the bank bill on Monday. Mr. Clay, of Ky., said, the Senator from Alabama had aoswered his own question. One of the friends of the bill had been called away by the illness of his family, and could not return before Monday or Tuesday. It was of no use for gentlemen to use loud and menancing language, for if we could not get along with our rules he was disposed to resort to the power given by the Constitution to make rules. Mr. Clay then reminded the Senate that when the iare Administration required the action f the Sebnte on the Treasury note bill there had been no disposition to postpone and delay the passage of the bill by those who opposed it. A loan was the policy of the present Administration, and he honed there would be equal liberality used by ue prtseat
foregoing statement, but must be added t-
Therefore, 3dly, Voted, That he be hi
Whereupon be, Resolved, I hat he be t:
cumcised.
l iwl i u- ih. .nttre rear1 This resolution so t embed the poor tn
.... . . m r , tiiro- that he kewed r am, imi for hull
Astomecnoiceoi mouesior uppiyingmi , .' . . . ' ; A-fi-; m. Tm.ip Mniea and a pudenee, and promised to behave better I
uvuvicuv luctnecu a vui - - - - ,
temporary Loan.; it strike u wnn wonaer i--""-- Z , 7
that there shanld be anv d flerence Ol opin- vu. vi ..iU,)rvu kuiiu ....
Ion. A Treawry note is a much an evidence M remitted and he dummed
of public debt as a certificate of Government I
stock lor toe same amount; ana ine ioe on kt ids aosuroiues oi poiiurai me m
resorting to Treasury notes to avoid a Public been very often satirized, but never 11 ore tiv
Debt is about
poison to escape n natural death. What I Michigan. In relating the story of bis n
would be thought of the wisdom of any man land fall, he says: 'I'll fell you how J secun
in private life who. having occasion formoney my election in this district, several years it
for a term of eight years, and being able to I When 1 was nominated, the party J oeiwn borrow it for that term at a low rate of inter- was in the minoritv. and there was no hoi
est, should prefer borrowing it for a year only I of succeeding unless something moie Ihsn i
by issuing innumerable promissory notes, dinary was resorted to. Andrenecunguu knowing that at the end of the year he would time I came to the conclusion to steal a A have no means of meeting those engagements from one of my neighbors, which I did; and
TkMlba iMiiM anAlhaa K&f K nf MMmlMUirr I ik mn m a n ma i,hhAP IniPetl lTlt! IU
UUl UJ INUIII OIIWllll I'ntVII VS. a viai-ow J UfC lllUllllllg ailSS UVr IB kVS vv-w notes to be again renewed at the end of the dwelling, and ascertained beyond a dool
next and successive yearst that I was the thief,and published me si sue Analogous to such conduct would be that when 1 immediately appealed to the st7
or a iovernmenr, wim an ascenainea oeiiiu i inies oi ine people, and asiceo ine"1 " " in the Treasury, supplying it by a resort to thought 1 would steal a hog! Theyswalu'
such mere expedients. In that light at least led the bait and said it was persecution
... " - r
the matter has always appeared to us. the part of the neighbor, who was politico
JYahonal Intelitgencer. I opposed to me and the consequence wwj
was triumphantly elected. But tDe h
THE DISTRIBUTION BILL. tjme I was a candidate for the same offict
The distr ihution bill which has passed the Yankee from Vermont was the opposing c
1 1 t it man ai m anraaanU I s aam ksatf asi niBnviin.iiliHnla ea hn hsa'snw larfifl tnv fiP TCU 5W' I
portant principles of great interest, combm-1 sheep, and run me sky htehr rac
ing provisions for distributing the proceeds ofl
the public land, with others securing the Woman at this Couch of Situ! right of pre emption to settlers upon them. love to see ber at the couch of sickness 4 The following is a hasty, yet accurate summa- taining the fainting head offering t'J ry of the Bill. It provides: parched lips its cordial to tbe craving
1. That after the 31st December next, 101 its simple nourishment treading wnn n
DEr uni ai ine nm nniceeai di me udoi idiimi Munnit irnuna ine hoiciuu - .
"Tl
rkt.:. fj:-- In: - Bf : - : I ii :-l f k Snvilid vCt
uiuu, iiiHiniiH iihuwib, dikpi1U Mivunti CuuipiJ lug Willi iti nu i ibb Mississippi, Louisiana, Arkansas, 4 Alabama, I he says
shall be paid toeach of those States rspec- .L(!t . M. MmlriMtmr ,itw
lively, over and above what is now allowed ... . ' . them by law. About my room.aboat wj Ui, 2. It distributes the residue of the nett Bat bWiag rosea wet witb proceeds to the 2S Slates and the District of To e00' m7 barainf brow iostestf.
Columbia noon the basis of representative Diip0fjDg the , light upon the PH population. The amount given to tbe SUtes bahinl. ih. hair with ointrnent, )
is subject to legislative appHcal,on-tbat to BettK from the summer care tbe District for free schools or other nuroosesl .l ..!.,. e u , Howl'
education as Congress may direct. If any Bre Bach exhibitions of ever enduringc State or District is in debt to the Umted Md faUfu IIow lheJ appear 'to tbe : States, rue h debt to be first deducted-the Ue lhe ,over io Canticle;, whose fij deposites heretofore made with tbe State, not when ihe rose to open the door lo her beJJ to be regarded debt. - r;nn;nr iih ...et amellioS
3. The act to continue until Congress otherwise provit e, unless the United, States become involved in war with n foreign power in that event, tbe act is suspended daring such war. 4. New Dates admitted into tbe Union to have proportional allowance. - 5. It afprepriates piC03 a jear for conv
were dripping with sweet smellinS
open tbe handle of the lock."
A Louisville Anetianeer advertises s
L.i .rp.... vii.i.- k..i... ' He saj'1
the lea stand DerDendicufar, as they id?
Ml kariAnlmllr. M IhA thjl naASO 01
people to soppose. .