The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-11-19
CCNERESS.
HOUSE OF REPRESENTATIVE.
TREASuRYNOTES r. "e' .

Ni-ftO(' " ; Az i Id, exc.
Mr.. Hall Of Geo. submitted for consit,era-
ton the following resolutions
i. That the committee Of WAYS & Means
| be directed 20 enquire into the eXpediencv of
authorship the Secretary ofthe Treasury to
issue notes, Convenient for circulation, to the
amount OF million OF dollars under
such checks as may be thought best calcula-
| ted to detect cnunterfeits; in which aure, and
gold and silver, shall all taxes, duties, i,posts
or oeots due or which may hereafter become
due to the y. S. be paid.
2. That the treasury Notes which NAV be
issued as aforesaid, shall be \ legal tender n
all debts due or which MAY hereafter be-
come due between Citizens OF the United
States, or between a citizen of one State. or a
CITIZEN and subject OF any foreign state or pow
er.
3. That tie Secretary of " ar, under direc-
ton Of the President, shall cause to be pur-
chased ~ each state and territory, and in
each collection district thereof, as nearly as
circumstances will permit, supplies for tie
Army and Navy of the u. 5. to the amount Of
tie taxes to be collected from each state, ter
ritory or collection district
d. Ihat any individual, Or body polite, or
corporate, at the expiration Of twelve months
! from the date of the treasury Notes by them
held, and annually thereafter. may fund tie
sane, and receive in lieu thereof 6 pcr r.Ant.
stock.
!, 5. That after paying the annual amount of
| ldlaslpal and interest Of the existin, public
! der', ;Ihsi the interest which may accrue ON
| the stoct to be created, by funding the Urea
| suIy Notes to be issued by the S,ecy. Of the
| Treasury, the whcle amount of taxes, duties,
/ inposts < sales OF public lands, may be pied
| sed Tor the redemption of the notes which may
A, REFRAIN in circulation.
Upon each of thc-n resolutions. Mr. II.
made number of remarks &c said they
embraced, together, a system, he verify be-
lIeved was the only one which would relieve
the y. states from their present difficulty, 4
support the public credit in future. The
want OF a circulating medlm was genera iiy
felt and indeed, withoutit the ucrDje in the
J interior would be unable TO pay their taxes.
eprIved as they were Of market for their
surplus produce. Rank paper OF one section
| CT Tie country was in a state of depreciation
| IN another I; and unless some medium OF gem
cral credit was Immediately established, in
calcuiable evils would result, &c.
ne question on Consideration Of thes1 re-
solves was taken separately at She instance
| Of Mr.. Oailev.
| 4th and 5th, but refused TO consider the Cd,
| by the following vote, as taken by Yeas and
| Nays:
For considering il ~
Against it o.
Tbs question having been stated on agyse-
J ing to the ether resolutions
Mr. Gcefon q n. c. said, that in the all
| scnce OF the chairman Of the committee of
! Ways and Means, &c should assign reasons
| which he hoped wound appear satisfactory Tor
| the motion he was about 10 make. 'Ehe ~
| solutions 20 far a. they were directory To The
| cA'rrnt,ec, cnjo.ucd on no other duties than
! 1t had already performed. To establish =
| circulating medium, the committee OF Wavs
| "a Nj avs had proposed, III Their rcpc,t, az
| an early day IN the session, to Issue treasury
| notes, IN many respects reese rnbinr The sDe-
! cics of paper embraced in the motion of In,
| gentleman trcn Geo. Soon after the, com
| m!ttce made this report, Il correspondence
mad been opened through the chairman, be-
| tween the committee aud the new Secretary
| OF the Treasury, which correspondence hay.
! been already laid before tie hcueC. Tic
| Secretary ofthe Treasury bellevue nat f,e
| emission of Irc"sdry Notes co.d onlv be
made with advantage GO ccrtain extent.
| md thought prefer TO sug,ycet proposition
| Tor supplying u circulating medium cf general
/ confidence by eatabii, hing Il National Bank.
| Alter receiving and reporting tins Correspel-
| dcace. the committee 1T WAYS and means had
! thought proper to report, IN general terms, a
resolution, that it is eXpedie'l. 10 establish n
I NduTnal B2nk; which resolution had receiv-
ed the sanction Of the horse. \ pla", - pur-
suance OF that resolution, had 5cen rcpCrtcd,
| aud vas now in possession of the house. The
! house were, thcn, ia possession Of two pro.
jec,s, tue one hiSt rcpOrttd lOr ssiipg trcasu-
! ry notes, and dat now reported fnr the es.ab-
lishnens # 2 ban@. The rbjcct of thc r.so-
lruohs now before che house, was to direct the
committee 20 maze an enquiry already made.
! and its result reported 20 ti,e Fouse Treas
ury Notes must BE- ;hc alternative, If Ma
t'onal Bank be rot es,a5i aIcA ana when the
.."nae ShoUla g. decide. SO, Committee wculG