Litchfield enquirer., 1834-01-30

general sense of the country. And now, Mr. President, to avoid all un- founded inferences, wish tO say, that these suggestions are to be regarded as wholly my
 own. They are made without the Knowledge
 of the Bank, and with no understanding or
 concert with any of its friends. have not un
 defstoOd, indeed, ,that the Bank itself propos- 1 es to apply, at present, for a renewal of its charter. Whether ii does SO or not, my sug- gcstiOns are connected with no such or any
 other purpose of the Bank. take up the 1 subject on public grounds purely and exclu- ] siEely.
 And, Sir, in order to repel all differences of 1 another sort, wish to sfate, with equal dis ! tinetness, that do not undertake to speak the sentiments of any individual, heretofore OP- posed to the Bank, or belonging to that class l ofpnblc men, who have generally opposed it. state my own opinions if others should con- cur in themt it will be only because they ap- prove them, and will not be the result of any previous concert. of understanding whatever.
 Finally, MT. President, having stated my own opinions, l respectfully ask those who propose to continue the discussion now going on, relative 10 the DepOsites, to tet the country see their r,lan for the naI settlement oj the pres ent difficulties. Ifthey are against the Bank ,and against all Banks, teltat do fhey propose ?- That the country will not be satisfied with the present state of things, seems 10 me certain.
 What siate ef things IS to succeed tt? T" these questions, desire to call, earnestly, the 1 attention of the Senate, and of the country.- The occasion is critical; the interests at stake momentous and, in my Judgment. Congress ought not to adjourn till it shall have passed 1 some law, suitable to the exigency, and satis-
 factory to the country.
 T., Ers<loo, Tn1Y HH-Mr VVohsfor I presented the proceedings of public meet I ing held in the town of New Bedford, Mass. 1 Mir. WEBSTER said. that New Bedford had been one of the most prosperous. and fast 1 growing towns in Massachusetts. It's citizens were engaged in a most useful, hardy, and adventurous commerce, in which they had met with much success; and, three months ago, their condition hourshing and hap I nv but a sudden and most extensive reverse has happened to it. Thirty or forty failures are said to have happened, and great pressure and distress prevail. feel 1t my duty, said Mir. w., 10 present these things to the con- sidcration of the Senate.
 1 If there can be either any faith in mems
 statements, or if facts be any proof, the pres
 sure, SD far from diminishing, is increasing.-
 l am informed by undoubted authority, that
 in une of our cities, supposed to possess its
 
 security, is not to be had less than from twelve
 to eighteen per cent: per annun. nor in large sums even, for that interest and this very
 week, in another city, one of the largest and most hourishing in the Union, undOubied se- curtv could be had for money at three per cent. per month.
 While we are talking about the danger of the moneyed aristOcracy of the Bank, state Eof things is suffered to exist which is per feet carnival to the real mnneyed aristocracy, if there be any such thing in the conntry.-
 Capitalists, holding up their money for such
 enormous rates of interest, and being able to command such rates. shows what sacrifices --..suU uy nuusrriuu. Inru, smaI capi- tai, to protect themselves from absolute ruin.
 In many places, numerous workmen have
 been thrown out of employ. not only in the 1 manufacturing establishments, but in the
 mines of some Ofthe middle States. Indeed,
 If the information Of the morning is correct 1 one of these States had suffered great dis appointment in failing to receive the install 1 ments on its loans, according to contract, and
 was obliged to take other measures for apply 1 ing the means of carrying on it's public works. ! l take this occasion. MT. President, to call
 again on gentlemen. who may be supposed to
 know something of the purposes of the Ad-
 ministration, to know aohat their plan $ Hute Mey 6Ny WedSuTeS W Ttd0eReSS 40 MeD
 propose any reiief? Or do they mean to leave
 it to the Secretary, and to the State Banks, 1 to meet the crisis as they may? ] implore the sober consideration of gentle
 men to this matter; and shall feel it my du-
 " to repeat the inquiry for such reasonable J time, as that in the absence of any answer,
 it may be fairly inferred that the Administra- 1 ton has no measures to propose. 
 WAsHINGTON. 2tst January, 1884.
 It was currently reported here yesterday, that Mir. Fancy would be nominated to Eng land, and that MT. Stevenson would he trans ferred te the Treasury. The report probably originated from the circumstance, that Mr. Stevenson spent most of the day on Saturday