Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-04-03


gentleman from Massachusetts had said
that we were not permitted to speculate
But such had been the present progress
and condition of things here for three
months, there has been nothing but specu-
lation. We are told legislative action is
necessary; and yet we are to speculate an
other week, and then we are TO have the
proposition. Why not submit it now? AT.
ter delay of three months, we aresat last
come to the object of petitioners and of
gentlemen here; it is the re-charter of the
bank. And that no difficulty might arise
as to himself, he would distinctly announce
The terms on which his aid would be given
towards that object. First, the rate of in
terest must be reduced to five per cent
Next, the power of the state governments
to tax the funds of the bank in each of the
states where situated should be distinctly
recognised; and the vexed question of the
power OF the government directors must be
distinctly understood, and must be admitted
to be what the presiden, understands it to
be. 1t could not receive his appreciation,
without greater control over it were Civ
! en- to the government than was contempa>
ted IN 1916. 1t was with surprise and re-
greet that he heard the annunciation of the
honorable gentleman, that we ough, to sit
here till the existing distress should be re-
ileved. Were we to sit here till August or
September to compel the house of repre>
sentauves or executive to action? Were the
coordinate branches of the government to
submit their judgments to our .behests? He
thought 1t passing strange. And more es-
pecIaily so, when we were told that the
state governments possessed no power of
relief, but that it was in us alone-who
hold all the power we possess from the
state governments. But are we to he told
the state governments don't desire relief?
Can any man shut his eyes to the fact, that
the majority of the state governments, and
OF the people, have said that this bank
charter shall cease to exist? 1.-THE fact we've
otherwise, and the people say it shall ex-
lst, 1t will exist, and provision could be
made for 1t two years hence. And it ap-
peared to him that the objec, of the honor
able gentleman was to raise question
which was to be settled two years hence.
1aS. = Lei.sved ths question was duly set
tied. and he believed every effort which
was made to raise it, only the more strong
ly confirmed It, He trusted we should not
sit here till August or September, when
this question could as we'll be settled at
home.
The resolutions were referred asleeably
to Mr.. Silsbee's motion.
HOUSE OF REPRESENTATIVES,.
MARCH l2.-Mr. Polk rose and said
that as the documents appended to the re-
port presented by the committee of Ways
and Means, which we're ordered to be print
ed, had not been yet laid on the table by
the public printer; and as the object Of
postponing the consideration OF the report,
was to have them printed for the informa
ton of the house, before there was any dis
cussion on the subject, he felt it necessary
to move that the further consideration Of
the report be postponed until Tuesday next.
Mr.. WILDE hoped the motion to postpone
would not prevail. Every member already
had the principal documents, and was
therefore prepared to proceed with the dis
cussion.
Mr. ELLSWORTH said that it could not be
doubted, when The state of public feeling
was considered, that this subject ought to
be proceeded with, as it was the duty of
the house at once to decide, if 1t was to be
so decided, that the deposites were to re-
main where they were now placed.
Mr.. burgess deprecated any further de-
lay, for nothing was so oppressive to the
heart as that feeling which ariseth from
hope deferred. They could not justify
themselves to their constituents for delay
ing discussion upon subject in which
delay was ruin to their hopes and prospects,
and ne thought so certain as delay would
be now made, so certainly would the peo-
pie scrutinize with severity their conduct
He could not agree that it was necessary
to wait for precedents or dicta to ascertain
whether the secretary had violated the law
and brought ruin and destruction on the
country, when it was openly maintained
that it was not the secretary who had the
power over the public purse, but the presi-
dent. Was it not perfectly idle under such
circumstances, to delay the decision? If.
however, as was intimated by the member
from Kentucky (Mr. Chilton) that delay
was sought under the hope that something
might proceed from the president, he must
say he would wait and in sack-cloth and
ashes to see whether any measure Of relief
would proceed from such tyrannical and
usurping government. But, whilst dis
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