Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-01-30
J. q. rwENTY.THIRD CONGRESS.
FIRST SESSION.


transacted in either House on Friday Jan.
18th, except the continuation Of the de-
bates on the peposiies. Both Houses
adjourned from Friday to Monday 20fh.
IN SENATE, Monday Jan. e0h.-
MIR. WEBSTER said, he rose To give no.
tice that circumstances existed when
would prevent his moving to 90 into con
tideration OF Executive business to-day.
He would, however, make motion to
that effect Tomorrow. While up, he
would take that opportunity to correct an
unfounded statement, which had appear
ed in a morning paper of this city, re-
specting business said TO be pending be-
fore the Senate-a statement, he said,
unfounded both IN law and in fact. The
Government Directors Of the Bank OF
the United States, he said, were still in
office, and would hold over their appoint
ments until new ones were made.
Mr.. w. then reported, from the Com
mittee on Finance, the bill from the
House of Representatives, making mp
propriaiions for the Naval Service Tor
the year 1894, without amendment.
Mr.. Webster then presented 10 the
Senate series of Resolutions, adopted
at a numerous meeting Of the citizens of
Boston, without distinction Of party, held
at Faneuil Hall, to consider the State of
the Currency and Finances OF the coun-
try.
The Resolutions having been read
Mr.. WEBSTER said, he wished to
bear une equivocal and decided testimony
to the responsibility, intelligence, and
disinterestedness, Of the long list of gen.
tiemen, at whose instance this meeting
was assembled. The meeting, said Mr..
w. was connected with no party purpo-
sos whatever. 1t had an object more so
Der, more cogent, more interesting to
the whole community, than mere party
questions. The Senate will perceive,
in the zone Of these resolutions, no inien-
ton to exaggerate or infame; no disPo-
si,ion to get up an excitement or r.read
alarm. hope the restrained and serious
manner, the moderation of temper, and
the exemplary candor, Of these resolu-
tions, in connexion with the plain truths
which they contain, will give them just
weight with the Senate. | assure you,
sir, the members CONFUSING this meeting
were neither capitalists, nor spectators,
nor alarmists. They are merchants
trades,nen, mechanics, artizans, and 9th
ers engaged in the active business of
life. They are OF the muscular portion
Of society; and they desire to lay before
Congress an evil, which they feel to
press solely on their occupations, their
earnings, their labor and their property;
and to express their conscientious con-
viction Of the causes Of that evil. If in
telligence, if pure intention, if deep and
widespread connexion with business, in
its various branches, if thorough practi-
cal knowledge and experience--if inseP-
arabic union between their own prosper
i.y and the prosperity Of The whole coun-
try, authorise men to speak, and give
them a right to be heard, the sentiments
Of this meeting ought to make an impress
sion. For one, sir, entirely concur in
all their opinions. | adopt their four
teen first resolutions, without alteration
or qualification, as setting forth truly the
present state of things, stating truly its
causes, and pointing to the true remedy.
Mr.. President, now that l am speak
ing, l will use the opportunity to say
few words, which intended to say, in
the course Of the morning, on the coming
up Of the resolution which now lies on
the table; but which are as applicable to
this occ aston, as TO that
An opportunity may perhaps, be here
after afforded me, Of disc ussing the rea-
sons given by the Secretary, for the We
ry important measure, adopted by him in
removing the depositcs. But, as ! know
not how near that time may be, ! desire,
in the meanwhile, to make my opinions
known, without reserve, on the present
state Of the country. Without intending
to discuss any thing at present, feel it
my duty, nevertheless, to let my seni-
ments and my convictions be understood.
In the first place, then, sir, agree with
those who think that there is severe
pressure in the money market, and very
serious embarrassments felt in all branch
es Of the national industry. ] think this
is not local, but general, at least over
every pait Of the country, where the
cause has at yet began to operate, and
sure to become, not only general, but u
niversal, as the operation Of the cause |
shall spread If proofs were wanted, in
addition to all that is told us by those
who know, the high rate Of interest, now
Mt l2 per cent, or higher, where il was
hardly g., last September-the depres-
sion Of all stocks, some 80 per cent.-and
the low prices Of commodities, are proofs
nbundantly sufficient, to show the exis-
tence of the pressure. But, sir, labor
that most extensive of all interests-A-I