Vincennes Gazette, Volume 3, Number 36, Vincennes, Knox County, 8 February 1834 — Page 2

VINCENNES. svrri w, ri;n. , iH:ti.

D irti N 'ck 1,1 'fore ':st, H ln 'nie time Hint

the. fjitnr f tin- ''rim'1 mi-took penny-weights

frr pound' of cold, v understand he discovered .1 .1 l ...1, !,., I . . 1 1 ... I sljloa .. 1 ...... I

lli!... III. I..1.II lt wim.. vi ' a wci- IIIUIVUUI. that, it had upwards of seventy million- of paper in rin nhihn, nnd only about ton millions of y..pi ic, and specie paying bank notes, to pay it w;?. This wis a biilli.mt di-covcry for the Sqiire. Now the 'art i?. the Hank invcr had seventy tnd'iot.s in rirn;!ation. The Bank never ou ed

seventy ml!!!"!! unless its thirty-five millions of , ;pit;ii was counted as part of the debt. It is proper to do this, when the question is between the Bank an I its itockholders ; when the question is it t the value of shurej; then the capital shon! ! h- irelnded a a debt in the estimate, ,,H'Hii., at th winding up, it is to he refunded the Slorkledder. Iit it t not necessary nor proper, when the question is as to the ability wf t!ie li n k to redi em its notes and to pay its depositt- s, because thi must be done before the Stockholder? pre entitled to any thinsj. The public now know by authority the situaly of the Bank on the 1st day of Jan , 1834. The Hank of the United States is able to refind everv dollar of it deposites, to redeem

i very dollar of it- notec, by givim two for one, IIO for . 5, ami then have the small amount of

only fourteen and a half millions for

bolder. Or. the f Janu iry last, tion.

ire the btrst-natui'ed eonls in the world, nnd I

withal civen to a little fun occasionally. by

ir. do ynu complain that we observed that you . ..... -.i . i ..

.tffered your rtesomMon wunniii any explanatory remarks1' Hare you not beard it said fir, a thousand times, that "still water runs deep,1 and judging you by this old fashioned proverb, you are the very sublimity of bathos. You -trike hard at "the speech making-i ohtieiane.

That's a pood one. It i a palpable hit at Clav.

and Calhoun, and Southard, and Binney, and

Polk, and Cauibreline, and some bod i else. A

Senator ought not to use bis mouth too much in making speeches, for it might wear out, and

then, how could be eat you know ; lou say sir

"it. is no evidence of a want of independance to be iaa minority of FIVE. We diilVr from you in sentiment. It was a collar vote sir, and we are really apprehensive that it has a fleeted your

popularity. 1 he independant jacKson men

could not join you in that voe. our vote in

this particular was any thing but an nuiepeu-

dant one. You were, however, supported at

the noils o a collar mr.n , and why not vote as such? A few demagogues who were instrumen

tal in electing you would be disappointed U you

CONGRESSIONAL. Monday, Jasvauy 13.

SENATE

The Special Order now came up. The I

question being on Mr Clay's resolution? in regard (o the removal of the Public De posjtes. Mr. Calhoun then rose, and said, that the statement of this ca?e might be given

in a very few words. The 16th section of the act incorporating it, provides that w herever there is a hank or branch of t he U. S Bank, the public money should be deposited therein, unless otherwise ordered by the Secretary of the Treasury, and that, in that case, he should report to Congress, if in session, immediately,and if not, at the commencement of the next session. The Secretary, acting

under (he provision ot this section, ha9 or

to the subject matter and object of the trust. ThiB brings u to the question what is the subject and object of the trust in this case. The whole section relates to

deposites to the safe and faithtul keeping of the public funds. With this view

they are directed to be made in the bank

the first position which he assumed, and

which 1 have considered, was untenable, we have ample proof in the precipitancy with which he retreated from it. He had scarcely laid it down, when, without illustration or argument, he passed wish a ra

pid transition, and I must say a trauai-

With the same view, and in order to in-Uion as obscure as rapid to another posi

crease the security, power was conferred

on the Secretary to withhold the deposites; and with the same view he is directed to report his reasons, for the removal to Conorrpsa. All have one commoQ ob

ject the security of the public funds. To this point the whole section converges. The language of Congress, fairly understood, is we hare selected the bank because we confide in it as a safe and faithful agent to keep' the public money; but to prevent the abuse of so important a

trust, we invest the Secretary with pow

tion wholly inconsistent with the first, anil in assuming which he expressly repudiates the idea that the safe and faithful keeping of the public funds had any necessary

connexion with his removal ot tne depos

ites; his power to do which he places o;i the broad and unlimited ground, that he had a right to make such disposition of them as the public interest, or the convenience of the people might require. 1 have said that the transition of the Secretary was as obscure as it was rapid, but obscure as it is, he has laid

were to swerve from a certain tine. We arc'cre(J the deposites to be withheld from

er to remove the deposites, with a view ,euough to enable us to perceive the to their increased security. And lest the process by which he has reached so ex-

... I i i. ... f . i'A n i . mil u r r iri.cr..irri i .. -.a. . i " .

tors in Congress, on any point on winch the roniornmy w p" wi kv,.i . p0rtant a trust and in order still tartlier jsalely aliiim that his argumeu's are not LrcHauire have a right to instruct. Would j The Senate is now called upon to consid-L mcrease that security, we direct, in ;lea extraordinary than the conclusion at you take from them the right of instruction and, t his ,ea,0ns,in order to determine whe-l f removai that he shall report his'which he arrives. Tins first proportion, c ,her the ScrTV i9 jU!K6Cd r D, . Reasons. It is obvious, under this viewluhich, however, he has not ventured to people?" Why do yon subject vour :lt "to the j ha ve examined them with care and de.jo. subject, that the Secretary has no lay down expressly, i, that Congress haa charge of hypocrisy, by attirming in the latter j liberation without the slightest bias, as!rjgi,t i0 act in relation to the depOMtegj'an unlimited controll over the depositee,

pan oi our uomiiiu.no.it. - " far as i auj tuuvi.is, t,. ,,,...v. , vietv to their lticreaseo eecu- anu mat it may dispose nt mem in wnai-

- . a ., . ..' thoddu:rr4 O Vt n . . . - t

i d Gainst the r -ht of instructing our Sena- the liank, and nas ,epu,ltu ,s reasons .u gecretarv on m .)art, should abuse so im-ltraordiuary a position, and we may

And fr all other claim" against

it -

liaiiK owed on tne 1st day for Bank notes in cireula-

amount oip"1" ","",-u j its Share- complaint to uige aaint U.e LuUor ol tne Vj.ile 1st day 'z,'ne'' atu' h H'-rning us of btin? ' d.-ni'tured

al. I have but a slight acquaintance with

tity. That he has no right to order them ever manner it may please, in order to I ....

and illiberal" in the tmt part

- i ... .

nean sir, ami anw ei io iu.u. u , , r.. ,

vou complain of us lor .lapsing in.ltrii.eiit on

10 291 G-20 10 3ou h3 a t'ahlic man? Have wc not a right to ' ' sneak of our public Senator? in ihetr public ca-

i

?r I w

. l r. . .. n.l ll..l llll la ii. nnf lirif'l. ' J ' . ' . . ...

iint.i ,.n vonr ne cecieidiy, au . met ,.v,.v . Ullhhp trom me nanK so lone as promote me e-nera we tare atu conven.

j .. . i- i i ..un.. a ,v' " . .

M,v, p- h:), do vorable to mm. i suuiu nu.iy ukluu- ., f i are in saletv. aud tlie bank has lence ol the neonle. lie next asserts

two great p.mie uov ;r:tnuiiv performed the duties imposed that Congress has patted with thisi power.

, j a

T. pay (hi it has in ca-di, dtbt, ntul

property, only - Iaeavintr a balance for its Stockh der of oe.ly -f;it it owes tbr it? capital,

. H' , .. 1 .4 .... oci'iLli;li 1 1... .o

5-:i,500,00o i' I .,.,it.,..; , '.,miri nonnrprl nartv which has voluntarily ,i t.,,ihr,.i iv.nis

U1U IIMIZ.li; 1 ill- I'l i - t'l 1." ' I'"" ' ' , - illlU Ul"ir laiuuui imuuo

1 . J . I - . ... - -

, ron.pnMiiir 'i.;u passes unuer in nnui , itw are t f conducting our e -itoiial eohimiis with-

needed with the

contending tor ascendancy. My political :- rejatl0 t0 them: and not even then, uu- under the sixteenth section, which directs

connexions are with that small and ne- ;, t, . ?ites can i,e niaced in safer the deposites to be made in the Hank of

1 hat such was the I'. S and then concludes with allum-

Secretauy of asons which

ble to under-

en.

!--t.. . i i:k... t J ii i. il it tint I I - it., rciiroil from tbenartv stnfps of - . - .r.i. f ..: ; twct :r, ii.f ii ;., .i.

i 5C) 000 1 rig ii i s f uu gin i u" ' . "ut'nj iti" ,(110 Opinion Ollllc LacLUHVc hi mc iug, urn. it nas iimricn uic ' ' jin'-Snmmwt-l," nor let the sound reeh by the, R aay, with a view of saving, if possi-! inslalice we h;iVe demonstrative proof, in; the Treasury with it, for re

ol jwaj o. -iL-rwu-.. . .- . ' i.v, '"'.' ?! ble, the liberty and Constitution ot the i meg,ai?e thc Pre9jdent to Congress he professes to be una

i this great crissis of cur af.;al lhe do- of lhe la8l Peg5ion, which pla- stand .

Hence there is a surplus over every

Th y are 'curou critter?," Squire Stout, they jnul.t he more liouoraldy and usefully reprcseutar; "cire-n eiltels.,, that Hank of the United jd States, and j'iire Hiddle; thoy not only never J driw two; but they 1 wav s "stand patrick ' We learn from the New Orleans Argi

ia'n

rf t!

direct

1'.:

r? has been nio t ex'-elleiit. The bene-1 ,- ,t

.,.:... - i. I 1 i"

tin ni;'i-iii'!" y i me 1 u.i r. n i n 'ii u or I'lin t- .i-

running

of sleighs, which were ,js argument he has entirt ly abondoned :movaj 0j ihe deposites

.. i . . .- ... -f... .ii.. :i. x-.. I - l. . i' . I. r.. 1. ln n.n.,. ilm fiicf i n.l :i mpil o tipiv arid otpMv

'i ten a i i r n? '.13 ;;r.i'i v wniii'i p'Tieu. in.i- tril uu lilt; uihioiol; ui uir uiii in ctr.i - m i ,..-... - ......j -ill

v-ithstandins the withdrawal of the denosites ,i ,. ,. . ........ . ......... '. pi, larked ground. Utter V toconilStent nithi i "e hmu ui vuc puci .ui.cu

iti ln-,,i luirecii on, a mntny io h iiiui nie in.i.iun- , , . " , ,. ' ,, . . it loans, J , ...t, .tr.i pmumIIv nntpnnbl.- niwi ipt -.v

to

'he ai.tinl anemnt of the decrease in

; 5t ;7C',1S1.'0 lts than the amount of depo-lan(g nf

i 'tes withdiawn. It has avoided the dangers of ' ., . , ... ritr ..Me. the wnirrool, and the o-iicksauds ;S Hidden was the change, mat many un

V it a nil. et. en million" of circulation it has ten 'fi.t.mnlna nbosp notprtv v,opiI thprnihedotS not attempt to vindicate. Htld to, c rgilL

iniilioe.s f pe ie. vn unprecedented aniounf' ! . .. " . , I which bp has not even alluded. 1 shall. !even pretended that

i-vieed; ,-,riaHy when compared with the l" lp mr.emrnc or me weamcr, perisn -, ,unn r., 1r,no,i Iweic in danger, or

.tuition of ilr. an Knrrn safety Fund Banks The citizens ol I hat place, as well as fn,iipr remarks to make Pood these 'ot faithfully perlormC(

T"i l c L in ii ir Hn laie i.iuk, not e en a-; . .... t ----- -- o

erpting the Ii vnW ot LonUviUe, v htch has only the west generally, have also deeply to eerlicns. b en ia operation about nine month-; not time jdeplore the entire loss of the orange trees,! The Secretary, at the commencement enough to have eMomltd its circulation; and', ... " , " j nf his ai oiimentasstimes thp nosit ion that

littering imposition of last and almost everv varierv oi vegetable. . . 7 c ,, , . ' .. ,

Thcsurjoined istVom a red h t Jackson-' 3 lhc, head of the financial department. J K .1 .1... . . 1, ... .......... . I . . -

ii. tu nit: i lyin. in n iui: in ins unice, iu

o,ici, makes it? eek, .....o i.,.t. 1

t

lU 1.H .1. v OSIlcs frum

pe.

fair. rP(i thp Biibipr.t of the removal of the de-1 It cannot be neesarv. before so

Having maturely considered, w ith these n(,s,fpcpx( Insivel v on the uuestion of their 'lightened a bodv. that I should undertake

$ 9,0xyX0 ,t the "o any vnt a yrtan people; i,nparti;ii feeling?, the reasons of the Se-;iiafet j lhat MICh va also the opinion la refute an argument so utterly untrue

cietary, I am constrained to say, that he j0f the Iloue ol Kepresentatives then, wen ptemise9 and conclusion to show that hasentireh failed to make out his jastiti- ;jiave equally conclusive proof, from the Congressnever potsesed the power whicli cation At the very commencement hcivoleof ihitt"bodv. that the nublic funds inlthe Secretary claims for it that it is a

r- . ... . . .. .

Koiitu hins.df. : .. ,. n ,n , ennM f nn lhp. has placr.i his ngiit to remove me uepos. t e )me were 6at0 which was understood ;iower, from tls very nature, incapable ot

thr.t the management of the P.iiik 1 c 1 J ' ' " itru on an assumidiou I estinff on a mis-con- ... ,;.v. 1 1 K. iVIliwIs jh.Ii.pI. onl.jr.mni l.m'i.rv .ilolv limited r.t

el. t-v ;t rresiilent M. niie ami private m u ot the -tin SUUicienilv oeep to uuini! f ,u ,.cr l. tho nrmtiPH .. : .i. .i r.i. . . .r.i. m:. .!..,

r . . . T, , i - t,,-iitii vi in, ...v.. .... b. itnpo. as iipridinf me nuejuuu oi ujc ic- u e eaie ittDiu ui uie puuin, iuhu.'--uih

if it existed, it would be sueccptible of the most dangerous abuses that Congress

, . .,..u- U, ,u mane wit; "imisi aim uriri.io.v..

tbP t isf. an pntia v uritenab le : an. vet..ue ",I,ICI,C" uc,"b 4--- - 0 n ,i.rt0:,rt, r v1D i,.

ew Orleans are not accustomed i,,.,i i,u ...mminna iboro tion now arises, has the Secretary trans- ,. , i

- .w..; - - ur runns mijjni riace mem in me. nanus an impoitantpartoithe transaction whu.hjcendtd their limit? It can be scarcely fanaticn and the madmen of the

1(119 UOIIIl. 11 13 lim I . , , 1 Ino tilt niA mifririA linr QfTQiridf I I

I I I 1 A n , i''U 1 Jii nil- l'K1 "til Hii'uno ww the rublic depositen , . . w tP x i

that the bank !'V,,U",,J-mBUlu,,",,B. ' ,c 'Ul'"

tne plea 01 promoting tne general welfare. But admitting that Congress pos sest-ed the power w hich the Secretary attributes to it, by what process of reasoning can he show lhat it has parted with this unlimited power, simply by directing the public monejs to be deposited in the bank of the United Stales? Or, if it has parted with the power, by what extraordinary process has it been transferred to the Secretary of the Treasury, by those few and simple words, "unless he shall otherwise ori!er??' In support of this extraordinary argument, the Secretary has not otfeied a single illustration; nor a single remark bearing the semblance of rea. son, but one, which I shall now proceed to notice. He acrts, and asserts trulv, that the bank charier is a contract between the government, or rather the people of the United States and lhe bank, and that it constitutes him a common agent or tru?tee, to superintend the execution of the stipulations contained in that portion of the contract comprehended in the 16th section. Let us now, taking these assumptions to be true, ascertain what these stipulations are, thc superintendence of the execution of which, as he ailHms, are jointly confided by the parties to the Secretary. The Government fctipulated on its part, that the public money should bo deposited in the bank of the United States a great and valuable privilege, on which the successful operation of the institution mainly depends. The bank, on

its part, stipulated that the funds should he safely kept--that the duties imposed in relation to them should be faithfully discharged, and that for this, with other priv ileges, it would pay to the government the

Indiana ami Illinois Lai d O Aires

it 1 X ft t ' .t '.1 v h1.1 t r ifc r.nro Int f.-v iVi'

1 , . .. - .. -.. .. ,','.... t I." 1.11 -- .1

iniai ana mar. unwavering it 13 oifirraceful . uu.itu-.iveiiu.tii ur w f oupei , iz. me ,i.;..... n. 1 i - .1 r

t3 part in this splendid maeairen.ent. Thatiren ot l,,ti David . Cube - j contends that the ICth section does not rethe five direiter, selected In tl.f Tiesi.'-f in and !g(rftw, show hieh wav the wind liow? Is'licthis power, which stands, hesas, continued hy ihr sCi ate, should huve been mere f 'I on the same ground that it did before the drone in the nii.htofa sreneof banking opera-tainl we rather think M ajor U in. I Kar-i , ., , , , ,- , 1 1 1 ' ' passage ot the act incorporating the bank, t.m and ot nnai.c.nl arranunn,, h.; h have. cur ejident Postmaster General," thus! t is unnercarv to no.,,re into the cor enabled a n.ere Lorpomtiun to 5rt al vit-nance j M J 11 utiivnj u inq nre ino me cort!.e rivalry i f compctitiot!, tie i oi.trivance ofcenfuicd in a newspaper which advocates! rectness of the position assumed by the

ttoek johaers the cimt u ot Mr nn Burcn tri?)ciile w ill shottly return to hi! Secretary ; but it it were, it would not be

an. I (he h'.slilitv i.t a l resident, nn.htu in 1

I 0- ' I .ItlTl "..It cliln lt.nl im - . ... : .U

' - i. .... . - . ... . . I Ml 111! It? "IIU1, I lill llir-l. .Ill IVI'lll. UI II

?ts-insr the eoiifi.leiice of a cfeit maioniy of tlu; 'domicile Ui KentUCUV. trom Washington ; , .. 0 '

f.v.t.'i.w.....-, - w . , in fctiv. 1.All.ull..ril

le but so it is; the Government Dr.ec-

. r - , - 7 ...... s;c;l nr rpmni Pit ma ik nor inin , ,i . , ....

tors have taken iK ( art in the direction of the j . ' " 01 111, agency , a power not delegated, the l'ai.k They v.ere nnwiliing or the were tin-j Who i responsible tor the 350.000 bor-: assumption lests on the necessity of the

rn-e. and that no power in such case, can be law lull exercised, w hich was not ne re?ary to effect the object intended. Ncr would it be difficult to show that, in this cast?, the noivpr nstnmpil liv lim S5o

Mipply of Easte,nnewsthepiesentweek.irretan ou(, bco not 0 )im Ul q We do w,,h Major Iarr would attend the Trta,nrer ho,un(cr ,he act orgaD.

.uu.c r...uwj ... .icc. izm? the 'I'reasnrv pnnrtmpnt

o 1 ' pressly charged with the safe keeping of

1 . 1 . 1 .1 . r . . 1 1

q.,a.,i.e...5r,mnercaSe ney were iinn, ror nr0 (, by mm Pn lhe cretJit 0f lhe prs, ; station; 1:1 eitner ea;e their nppomtiuetit was ! J d;-rue ah jOlTice Department? Is it we lhe people?; T:.e Dank ha st- addv held its course : until .(-rOsing to the swollen state of the' it hasseeated the a. !m. ration of all but einhit-i w , t. rr l nart.z-iiu and venal svo hants: until it Stieams. we have net received our UMll.

h i- even euli-ied the feelings of many, opposed !. I'? institution on coti'titutional ground?. And ti i is nitur.il and proper. Talent, knowledge, 'r. i-d nn, teadiLies, moral courage, separately roimnand our admiration; combined, deserve and seenre our esteem. The onsMtntiunality of the Bank charter is a jpiesiion wloeh has always divided the imst coin- tit men of our country. Tho IVesident i only opposed to the present Bank charter, as 1 e hiuelf ha olten told tlie poblie. What vanse ihen.is ther, for the old democrats to tike suits now with the President agninst the I,iiik. Tliere is none. The supporteis of tiie administration li ne been driven from ob ;ection to objection in the controversy, until

it iit Mr. Vhrn, in the I.oiliville Advertiser of

thv i'Mh and .iOih January, makes lhe sum total i t eon-it in lhe1, t'.eil the Hank does not loan!

i all the duties un

posed on it in relation to them , nor that

lhe Secretary placed the money iu a 6afer or irj more faithful hands. So tar,

otherwise, there is not a man who hears me, who will not admit thai the public moneys are now less sale than they were in the bank of the United States And 1 will venture to assert, that not a, capitalist can be found who would not ask a considerably higher per centage to insure them in their present, than in the place ot deposite designated hy law. If these vievfs are correct, and I hold them to be unquetionable, the question is decided. The Secretary has 110 right to withhold the deposites from the bank. There ha? bi.en, and can be, but one argument advanced in favor of his right, which has even the appearance ol beiug tenable; that the power to withhold is given in geneial terms, ond without qualification: "unless the Secretary otherwise direct." Those who resort to this argument, must asume the position that the letterought to prevail over the clear and manifest intention of thc act. They must regard the power of the Secretary, not as a tiusl

power limited bv the subject and the ob-

1 : ... -. " . ...

We have received a sneech of the Hon ! the public funds, for which he is resuonsi- Ject ol tne tnil bul as a chartered right,

t t 1 i ble under bond, in heaw nenaltipa Hut 10 be UC1 according to his pleasure. Amos Lane, whicn occupies, perhaps, a uu.m.iu uuv penalties, out, . a r

,, . .- , a strongly and directly as those consulersixteeenth pait ol a column It is pre- .,:. k,.. n .1 r .1 1 i ations bear on the question of the power sented in lhe Globe, ami for its terseness, of the Secretary, I do not think it neces pungency and hievity, desetves to be re-! sar to pursue them, for the plain reason corded We have unfot tunatel v mislaiJ1 that the Secre,ar has entirely mistaken

jtbecr.se. It is not a case, as he supposes,

l where there is no legal provision in relai lion to the safe keeping of the public funds ' but one of precisely the opposite charac

the precious document.

Frcm the Indiana Palladium.

f ' . 1. 11 . 1 1 1 1. i 1 . . - .

::3 n.u.h and circulate a m uiv notes as her 1 u''" " e memoors: ter lhe lUlh section provides that lhe

'ituati.m would permit In other word, that!0 otigrets shall occupy as mu- h time on denofiles shall be made in Hip hnnlr nnd

r here is a radical detect in our mode of

construing political powers, of which this and many other instances afford striking examples, but, I will give the Secretary his choice, either the intention or the letter must prevail, he may select cither, but cannot be pei milted to take one or the other as may best suit his purpose.

It he chooses the former, he has transcended his powers, as I have clearly dem

onstrated. It he selects the latter, he is

Mr. Kiddle and the Dimctery are too w.e ajthi- subject as Messrs. Clay and M'Dulhe,1 its branches and of course it ii perfectly ie(lual,v condemned, as he has clearly ex j , "! 01 00 u," f nunurea iiioueana xy prudent t, trtthe hank to the tender mer the pockets of the members will const.tu clear that a noised power not comprehended in the llol,a": 1 !e. re lhe pulations the i it? ot Anu ketididl! I hat m stormy times ,,, ., . ni tn p- - "nw.11 uie oecrtiarj 1 1 . execution of which, according to thc bee the H i,k prepared for storms. -Ti.iA-urt.il - Xo' 1 'f before has derived from the general and inhcr- etter of his authority . He has not coo- fela assum (ion' he h,s feen inl. - 1 1. . tT. I ...1 K.M - I the seMOn Shall liP hronolit In a r n.a .. . ri,:. lV. .1. 1 (mol funiculi sinm u tn tvilhlinlflinar fhp J '

l,'-n ' " r ',"7 u v"'w ,u,v ii tv , a " I l'wc.s 'B . - ne aUfceoce 01 ui- - V -.1. 1 i ei as joint agent or trustee, to soperinha Ue cl-v the above with -one amend-! such provision, are wholly inapplicable to gb c monej trom the bank ol the tmted, Jj f u h , ,j An. ih.it eors thai tt PVV . ' mo"e? rnent.' nnd Rlmlrl not h. ...t.i ,1, ' this case States, but he has ordered them to be ' ,.

;-tiri!i and hoc scarce, as i.e 111 re lnsieuaieu, ' iiv.. ;m .1 a? he some days before asserted. .Not tj matter, had we not been "inflirrf d" with' Nr it is less clear, lhat if the section

ill. It i'iom' rreci'elv the contrary. Why ... ha.i iPrminuiPil uith tho i.rn.,L;nn .1:- .

are hil on tiie vat at Lotii'ville now cheaper "e labor ot reading Mr. henton - ponder- . .1... 1 1 , .. ,,CV do not intend to areue lhe uuestion, whe

1 1 tr r 1 ! 11 1 r rnuno in riin imnir

.. ...... , W1C UrtUR, .. , . ... . . I. ,-. I.

,.1 1 1 . iner UK imu a iiKm l uiuci 111c; iiiou?, Uhl have no more . b. . . . .

vviuineiu iroui me uuiieu oi.nca uuun, iu

than in any past year? If money was identv in New York, there

void I be ii demand for hills on England; specu SgreSS rtiall OCCUpV

jous speech "If all the members of Con- tie Secretary

you

the extraordinary power which he claims

UUI.USIICH IU U1III.I IUIIIV3, IIIUUKII iuciv 1.-1 .11 '. . I' l-.l 1 .1 . . .1 . 1 'over the deposites, to dispose ot them iu not a word in lhe section to justify it . I , r 1' . - . ... J . f Mirli mannpr a hp mav tlitnk- flip ttiiitlir-

interest or the convenience of lhe people

may requite.

v oeld have the means and would use I

t ill; would be in demand and above par. 1.-- - . -ii. . -. .!

then

And lion too, in Louisville, the scarcity ol

money rendered individual unable to purchase lulls tor cash. The holders therefore, were compelled los M them to the Bank of Louisville, at i. lowir rate than iiMial; hence its exchange bu sin.ss has exreuded its other discounts about one hundred thousand dollars.

as much time on this contiol over the subject than myself or . , , , .. , "A Is it not obvious lhat the whole extent

1 . t o 1 . . . 1 (if niiiLt:ii in intMiiit: Uiiuiva i iiilii nr: iiiia, r- .

Denton, whose sncech or. anv 0l,ier senator; ami it lollows, oti ... . . . . or power conlerred upon him, admitting:

r 'mnr.P lltl,P must .Urirc 1.;. seictieu, uui t an, uuiv u.is 11c rtcuuueu . tn ' . . ... .

. . ...1 I . . . , . v. v . , . IIU ItCIi' 1 I . , .. . 1 Ii . . m.-.n in n.i j Hue, IS IU lYIlIlllUlU o pages, -the pockets hll, lVnm .inv ro,lc, this right It rests wholly on construe- , u

wiil constitute the denos-i with thp ,,.u.,rp nf ki.rfl;,- c. tion on the supposed intention of thef-,' .

!.'. on i.i ciij'.iiau.jii; in iciailUll III II1CUJ

To the Ihnnrahle WILLIAM WALLACE. Sin Y.. 11 have d ined t. look down from the ehvati'd station io whi. hyou have been raided, to t,ie a response to a brief articlo in our r bimn. We shall tor the sake of convenience c ipy the !nant:er though not the bitterness of .Limns and add.ress 1 uu in the second instead

ui the third ners-on. lh.s on wdl h. kii.i l...!

. . - .. .""I. iV.. . I . l-.i,i". ..

i' m in ies, .V ii ii, aeo u- wouiJ not te luumi 'iieit-n a rewaru 01 t uu tor me appre-

v.Peinir in deih rnue to a hi:h. conspicuous am! jhenion ol William Sbuter, for the murder

subjtct as1 Mr

cupies oer 46octav

of the members

uory of the public money before the ses-i some express pro. ision contained H) UiejiegiSlature, which, when it gives a power

sion shall be brought to a close '' ; elon' has not

is any such provision m anv olher

1 there

A -itss piui?ioii contained in met , , ,, ,. or some other part of the act. It ,nleni,s l &,vf a the mean necessary to been attempted to be shown, that!muler ,'1 ava,,iible- as clear as this

Tl, V. I V I T-.

1 i.t : u.,iiiyitHi vomnammuiai says tie Aler-' . .-.i. ... r.,.

cant.le Journal, has been completely- cured, her Ul V T e C" disorder has its origin in the stomach, though, l.ro1' 'hen, which the Secretary can right the immediate cause alter the paroxisms was'a! t'llly claim over the ileposites, ii contamdetermination of the blood to the bead, the1 ed in the provision which directs that the em has been Reeled wholy by me.tical treat-j deposites ehill be made in th bank, unless ' ' . ! otherwise ordered bv the Secretary of the ' f - 1 1 " . .

The Government of Lower Canada has'

e't .I ibjrr.ity, like yourelf. Indeed we eonhi lotie have imaeiued that you would have con dev hi. 1 I to have iniluted upon our humhh bis so I., i, aitu le a that which appearei , id- r year nature in the columiis of the lasi N strn Sun H e will nt sir, do you tho in jh-tic' ' Mipp.M lb it leu had so little Immaa ity a to ion. 1 o.-e that John Horn Took-kim-im iv;-.iy ;eaiut 11, although through your u -n-sftd u i dom ju ,i,y i,,ve wriuiuit. Vm j y. S-r, that we ni "io atVec.t you ic. the csli ii.n'i.m of yon- otititients ' Hv tio means Sir " ! have suiV.rit tttly atiVcte.l yourself for otu lesio.i. Vu.ii alloui 'puhbcation ili-uaturei 5i J di.h- I '-iI' Wh.it a grau..l tr.ut-k?. Wt

it Living Lane. The deceased was a

native of the United States. Shnter is

lescribed as a native of the North of IteUnd; l2o jears of aa;e; it is believed that

ie tied to the United States, by way ofj

,eiineiec road . Singular PerJict An inquest was recutly held upon the body ot a man found lead in a cellar, wheie he had taken

Tielter id Montreal, and a verdict iclurn

i"reaury; which brings the whole que

tion, in leference to the deposites, to the extent of the pow er which Congress intended to confer upon the Secictary, in lhee few words "unless otherwise order, ed." In ascertaining the intention of Congress, I lay it down as a tule, which 1 sup poe w ill not be controverted, that all political powers under our free institutions are trust powers, and not right?, liberties, or immunities, belonging personally to the othcer. 1 also lay it down as a rule, not

less incontrovei tilde, that trust power

are necessarily limited (unless there be

ed by the jury that UzbicdofAHury' some express provision to the contrary.)

principle of constructiou is, it is not more

clear than that which would limit the right of lhe Secretary to the question of

the safe and faithful keeping of the public funds; and I cannot admit that the Secretary ehall be permitted to resort to the letter or to construction, as may be bestcal-

ictilated to enlarge his power, wheu the

tight construction is denied to those who would limit his power by the clear and obvious intention of Congress. I might here, said Mr. Calhoun, rest

the question of the power of the Sccreta ry over the deposites without adding am other word. I have placed it on grounds from which no ingenuity, however great, orsubtley, however refined, can remove but such is the magnitude of the case,

such my desire to give the reasons of

the Secretary the fullest considera

tion, that I shall followhim lhe remainder of his reasons.

That the Secretary wua conscious lhat

through

on one side, and on the other to prevent the government from withholding the deposites, so long as the bank faithfully performed its part of the contract. This is

'. the full extent of his power, according to

his own show ing, not a particle more caa be added. Hut there is another aspect in which the position in which the Secre tary has placed himself may be viewed It offers for consideration not only a question of the extent of his power, but a question astolhe nature extent of duty which id imposed upon hitn. If the position be fuch as he has described, there has been

confided to him a trust of the most sacred character accompanied by duties of the

most solemn obligation. He stands by thc mutual confidence of the parties, vested with the high judicial pow er to determine 00 the infraction or observance of a contract in which government and a large and respectable portion of lhe citi.eni are deeply interested; and, in the execution of this high power he is bound by honor and conscience so .to act as to pro. tcct each of lhe parlies in the full enjoy