Litchfield enquirer., 1836-06-30

and creditor a principle % which he never
could, and never would consent. Il was re-
turning 10 the old confederation. IL was per-
fectly consistent in those who wished q a,stll-
button Of the revenue, to seize upon tnls g
views, and in this respect, was IN direct OPP
position 70 the provision which had passed tne
senate. rendering the state treasures, in part
the repositories of the public money. he
would not vote for it.
Mr.. BuehGnGn said, we had now arrived at
that point, when it became indispensably ne
cessary to accept the amendment of the
House or consent to leave all the public
money in the deposite banks. Some gentle
men entertained constitutional scruples on
this subject; for his own part, he felt none,
either in relation to the bin as sent from the
Senate, or the pending amendment from the
House. He briefly explained the difference
between the proposition ofthe Senate and that
of the House, and although he preferred the
former, yet he would vote for the latter.
Mr.. Calhoun spoke in so low tone, that ne
could not be distinctly heard in the gallery.
In reference to the Secretary of the Treasury
calling upon the States for return OF the
money, he said, gentlemen may rest assured
Of one fact, that no Secretary of the Treasu-
ry will ever call for return of this money,
SO long as he can avoid it.
Mr.. Clay said, that in one respect this a.
mendment had greatly the advantage over
the proposition of the Senate. It restricted
the Secretary of the Treasury. He could
only call for limited and specified sums, in
rateable proportions, on all the States, after
due notice; whereas, by the bill as sent from
the Senate, he was unrestricted. He could
dispose of such stock, and such amount as he
deemed expedient. But, for other reasons he
preferred the amendment.
He understood the Senator from Pennsyl-
vania (Mr. Buchanan to say, that on the con-
stitutional question, he was entirely satisfied.
This afforded him pleasure. If then (said
he) there was, amy ,ohere, scruples that could
be removed, it rejoiced him that it should be
done, and he would cheerfully contribute to
its accomplishment.
Mr.. Clayton expressed his willingness to &C
cept the amendment, and added, that if he
had been in the city when the Senate bill pas
sed, 1t would have received his vote.
MIR. Whate preferred the Senate bill be-
cause, he apprehended the effect of the a.
mendment would be to deprive his state of her
proportion of the surplus. By this PROPOSE
ton, State legislation was necessary. The
tennessee Legislature would not be in ses-
sion until October, 1887. t.."r.
Mr. Webster remarked, that the same diff
Guilty existed in reference to the Senate bill.
Mr. While said that would not excuse him
for neglecting to make an effort to have the
omission corrected. He had voted for the
bill, originally, on the ground that it afforded
his State an opportunity to decide for them
selves, whether they would consent to receive
their proportion of the surplus revenue on the
terms specified. He considered the State Lee
gislature better qualified to settle that ques-
| ton than himself, and by his vote he referred
| it to them. As he understood the amendment,
the decision must be made prior to January,
1887. as 81 ,. .5s.. ~
Il. Mr.. Morris said nosgentlenans had denied
| that this proposition Creates the relation of
debtor and creditor between the States and
the United States, He voted for the bill from
the Senatey on the ground that it did not pro-
sduce such a state. of things. By the Senate
bill, the United Suites were not required to
make any call upon.the States for the repay
ment of this money. Nothing was required
to be done, except for the Secretary of the
Treasury to make a transfer Of the stock.
The amendment of the House compels q de-
mand, as upOn debtor. n 1t would become
| the interest of the States to combine against
such demand In their local elections this
money: would have an influence. 1t could
not be repaid but by taxation, and the people
would be called upon to- vote for, those who
would pledge themselves against levying such
tax by the legislature. Hesaid he was not
to be deferred by the consideration that he
was to stand alone. He gioried in it. He
would make no compromise on a question IN
volving principle. This amendment, he said,
was thousand times more Objectionable than
the proposition 0he land billy of the honOra-
bic gentleman (Mr: Clay) from Kentucky
He entered his most solemn protest against it.
The question ON concurring with the house
in their amendments, was then put and car
ried without q division.
BILL TO REGULATE THE PUBLIC DEPos1TEs.
The National Intelligencer of yesterday
publishes this bill as it passed the Senate and
House. It comprises Is sections,1 of which
we have made the following abstract.
Sec. LIST, makes it the Treasury Secretary's
dutX to .selectsuch ofthe State banks as may
be most convenient to the places at which
the revenues are collected or disbursed, and
be considered by him safe repositories; and
in Territories or places where no bank exists
or can be employed, he is authorised to make
arrangements with any bank elsewhere, to
establish ain agency for the public business
under the same liabilities as the deposite
banks. SProvided that at least one such
bank shall be selected in each State" upon
the terms hereinafter prescribed that ne
shall not suffer to remain in any bank, an
amount more than equal to three.fourths OF
its capital stock actually paid in, for long
er time than is necessary to make the trans
fers required in the 18th section.
Sec. 2 provides that in cases where no safe
bank can be regularly employed, he shall
direct the collections to be deposited in some