Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-01
Twenty-third Congrcss.--Ist Scss
SPEECH OF MR. WEBSTER
IN the Senate Of the United States on Itesiov a1,,.s


ce ask leave bring in bill to continue for I sa
tue act Incorporating the subscribers TO the Bank of lie
United States and shall hope Tor that indulgence of the
senate which is usually granted OH such if
accompany its Introduction wish some remarks on IN. ge
efa' state oil the country, as well the the
measure proposed IL leave be granted il is my purpose
10 move to refer the bill TO the Committee on Finance tai
may TAKE me usual course, and up for the cons
oe,aion OF the Senate in due
MIR President, III the midst Of ample means of national
happiness we have fallen in
to severe distress. Our course has been sueniv
ed The general pulse OF life stands STILL and the ac,i,v
ana industry OF the country feel pause. vastly ey.
tended and benefcent commerce is checked. maun,,c
lures suspended, with ncaicuIable loss those concerned
In them and the labors of sgric with the
oss oil their usual reward Our resources are nevcre
less al me same time, abundant and all external circum
stances highly favorable and such as fairly
promised u.s. not only continuance OF that gree of pros
perty which actually enoyed but its rand adj, ance
ment, also TO still higher stages
Tho condition OF the country is indeed s;nyul,r n, l.
Ac ts' o, sr'ong IMAM chained In iuii health with
suengh undated, and all its faculties unimpared il is
yet incapable oil performing its accustomed action FEET
ters and manaces all its limbs II we could but
hnbind H. u we could break these iron chains if we could
once more setit free, would moment resume its ac
uVy ana go on again in its rapid career is our dutv
sir, to relieve this restraint TO uushackle In. n,,,
The people, aud give play, more TO their &C.
lion and their energies The evils all an. ell
which we now feel and feel acuey result from poll
hcaimeasures and by political measures, and polca mea
sres alone, can they be redressed they have their or
gin in acts oil Government aud they must find their cure
in other acts OF Government
Only six months ago. sir the country presentsJ a., =.
peci, in regard to all its great
factory hiyhiv nros.
porous, aud our manufactures for the present at least
fourhing Agricultural products commanded fair prices
and The general appearance OF things exhibited more than
usual degree oil activity The year CLEANSING between
the autumn OF 1882 and that OF 1888 was wear of Great
prosperity In the activity of commerce, possible
enough that degree OF over,radinp ba tab on -
but there is nothing 10 show that great excess had been
comhted in that particular. In general the state If
things was sound well prosperous the present
me commerce oil the country had reached, i think
TO greater extent than in any former wear. tho
amount oil exports for the year 1893, being accord
ing 10 the Treasury estimate less than ninety mil
lions oil dollars and that OF the imports less than
one hundred and nine millions. The internal and coast,
ing trade was perhaps IN still more furnishing coni.
on his branch oil The national industry has grown in
to the very highest importance, aordng vast field for
active usefulness enFiching all parts of the couatry bv its
mutual exchanges Of commodities and aforlinp ,roii
BILE employment 10 great numbers of the d, ope II ,vas
carried On last year, both by land With great vi
gor; and the situation ncy of the counv
facilities such as never existed over so broad
an extent The money circulation was free and the
banks in good credit. They were doubtless somewha,
100 economical IN The use OF specie sustained their
credit on basis not sufficiently broad TO be quite
But no great degree Of danger the circulation was ie
or generally feared. 49,
Such was condition in September last. an, tho
change which has taken place must ali %
TOW 90 we stand now respect to these great interests!
Let US look 10 our commerce. the source Of our
venue, as we'll Of wealth. and let ma sec ho,
'a' Is Affected or likely 10 be affected by recent occur
Tehces nave stated the OF exports AMI
Tor last year; those for the present cannot of he
yet estimated with accuracy, but not without some
means OF forming opinions upon this interesting no;,t
think is evident that there must be falins off in H.
imports aud consequently falling of ia the revenue
shall be very glad 10 find myse mistaken in this opinon
out appears to me there is much reason to il
As one OF the Committee Finance have felt i, NV
duty, oil 10 look The state Of the Treasury and
10 form some opinion, II could. Of what may be its future
condition It's present state, learn the Score.
'ays report, with ITS estimate of the receipts and exoen
diures OF the year, is substantially az follows:
Estimated balance IN the Treasury, Janua-
| ry LIST, 1884, CT os5 ron
| But from this deduct the amount of appro '''
priaion already made, and which remain I'M
sdUsDeu, whlch amount, the Secretary sum
poses, may yet be required for the objects for
wh'e" was appropriated 5,l9O,2s7
Balance remaining in the Treasury unap.
prGFP "'t'i, 2.79s. 500
Customs, 10 600 OOO
| Land, Goa 00S
Bank dividends and raiscel-
hnssOus' 100000
---- lS,50O, 600
I roia OF means for The use of 1884, 2l 293. 500
ISstaHated expenditures for 1891 % EoI no
ms statement would seem TO exhibit deficit of more
man TWO millions, and this would doubtless he The ras,
should The appropriations OF the year all be called Tor
IN The year; bst experience shows that this il moi r., Ia
uMpeuen what ano"m OF appropriations may remain
Among the expenditures i, be observed is included
.ne sum OF hive millions, within fraction for the payment
oi'he balance OF the public debt, which becomes sreni
buLSatie at the commencement of next year"
Inc secretary suPPoses, even without making any all
or me eHect OF receIi measures that the receipts
or 1850 VIII De SUI less than those for 1884; and tina, I'M
less The revenue should be productive
tel XVIII be necessary IN two Years from this fine , 20
trace our steps, aud 10 impose duties articles cb ara
no" Tree, III order TO the current expenses of o
Government. " '
III such were the prospects of the country in r.pa,6 n
revenue before the late measures had so much disturbed
us commerce. cannot but be expected that under the In
Huence OF THAT cause, there may be vety
otncie"cy' especially should tie con nue.
Is not very easy to ascertain what extent the iyor.
aiiobs oil the may a short Of prcv us ian
IN consequence of the disturbed state of rIues hut
Know an opinion IL entertained among those who have e
best means Of forming Judgment that there tav
be falling OIL in the receipts IL The cusous from
quarter TO hiri Of the amount anicipa,ed sLo,I ,i
prove TO be true, which there is certdv too ,nncb
son TO iear Congress may be called on much earlier uo,
Wlbn TWO ycdrs, TO furnish additional means of reveuuc
Inc dimnuton viii be mainly felt tic last half of e
year. being generally understood thot orders for T ina
Pof'elons have been cou0termanded great extent f.
not thought improbable that the receipts of the wear from
Twelve This, should happca would 0o Otherwise disturb
the Intended Of things Than az il would posuon,
The payment OF The balance OF The public debit but lI
eject II not unlikely TO produce On such subjects
however no very sure ancipaons can be founded an,
therefore speak with posiliycness Bn, il is nv ex
Psca'on That the receipts Of the year will al below m
estimate aud probably 10 the extent have mentioned
and that this effect will be produced by 10 other cause
tban The deranged state OF things occdsioned by the re-
moyal OF the public moneys
IL such be the consequences Of the measure on fore
commerce, aud The revenue, s effect on The intern,
trade OF the country Is thousand times uore disastrous
Here 1T produces, not only dninuoD, bot saanson am
such sagna.on has caused cessation of prodeiiog
Dor suspended Great activity prevailed in The msnuCc
80. II. IL