Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-09-28
!rEsoAr. September 70, 1857
IN SEN3Tc

'SLsoAf, SeP'c NICER ~, 1897
~ SENATE
Mr.. Clay Of Alabama laid on The
table . resolution calling on the Sec.
rotary Of the Treasury FOR certain in
formation Concerning the sales Of the
Public Lands.
The following Lii,s were read a ;Lird
time and passed:
A Bill 10 authorize the issuing OF
Treasury Notes.
A B,l! 10 extend the time for the
payment Of Revenue Bonds
A Bill TO adju.t;he remaining claims
"a the DePo.i,e Banks.
Dir. Rivrs, pursuant to no,ice. rose
20 ask leave 10 Introduce bl!l 10 de,i
nate the character Of the funds receiv.
able for public revenue. This is rnea-
SURE which had been recommended by
fhe Executive. but was omitted IN tie
report Of the Committee on Finance
In reference TO an exclusive currency
81 gold and silver he denounced i, a,
m'schievou' and tallacious, and calcuIa.
ted to postpone the resumption Of spe.
eie payment. The Senators from South
Carolina (Mr. CalEoun) and Missouri
tMr. BenlonJ had yesterday submitted
proportions which contemplated an
"ntire revolution in the policy Of The
country. The Treasury order Of the
Ia'e Executive might have been Wis.
NJ the time IT was issued. but the con.
;inuance OF which was regulated by
the whole country. lie referred to the
otIi which wss passed by the txo Hou.
ses, sriSing out Of that order, and lie
fate. He believed the voice of jh-
country had sanctioned the provisions
OF that bill, which he'deSiIed now 10 re-.
new. and re-otfcr TO the Sena,c-he
bill authorising the reception of notes Of
Banks issuing notes Of DO denonina.
ton below that specified. and providing
against any discrimination. He had
modified his proposition in one or two
particulars the most important Of
which was the entire prohibition Of
TeeeivabilIiy Of the notes OF any Bank
which had suspended, or might suf.
pend specie payments. and did not re
sumo them before q certain DAY lie
believed this measure would have .
beneficial effect On the country. and
would expedite TIE resumption Of spe.
Gle payments. He took 4 view Of The
Paralized condition OF our commerce
and The degraded state Of the our-cn.
ey. which be compared to human
body IN state OF suspended snination
The vital spark being sill there. ord
requiring only the particular remedy
to recall It into action. The gres, Oh
Jsct VI oil should bs % restore conf
6encs. lie referred % instances ,n
England. and even 10 :; York. "a here
single act Of the Government Wa,
sufficient 10 restore confidence. even
before ), was carried iEto practical or.
Grafton He advef'ed % she message of
The Pfesifen whore II drew a parallel
between The distress Of this country
and that II Great Bu'aia There "a,
striking difference between tie situa. F.
ton Of the one enntry and the other
10 England tho distress ha5 no, led N ,
'hs Suspension 1t specie pavr.sa'. I
while here II led % that su,teusI,- 49, /
There waI this difference T. vas ke. +
cause ihe conduct e the Rui.l GOV.
eminent invited confidence Shho that.
-Four Government repealed confidence /
The bill " hich be offered looked 10 tho +
resumption n specie payment IL /
laid " down a. demonstrate tha' its
nes'ures which had been passed acre
earned through there oou't 10 ao r..
sumption 4 'yeois pas ueu,. So.
long a. gold and SILVER are At a prrrri
un, the Bank would not re-ure ere.
rae payments Such must he pa. ,c.
spIt Of the measures proposed hy che
Senator from : Carolina he rr-
position OF the Senator non Ni,,ogr.
lmPossd . positive penalty for me r.
sumption Of specie payment Hscs
pa,isied At length on the tendency of
the course which tbe government q,
pursuing. not merely g. separate m.
government from the banks but 90 di.
vorce the people from the government.
lie declared u g. be hrs determination
10 stand BY The people and not 10 see
one description 81 currency Tor The
r oTernnent. and smother end that Of
q spunou' Kind Tor ihe people. he
Tepudiaied the idea Of TIE Presiientl
that the government has nothing 10 do
with the currency Of the country. BE
looked al the condition Of the counir,
ia reference to The multiplication Of.
banks - one which the fTamsrs Of the
Constitution never contemplated. lie