The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1837-10-03

whole, Prcgious Question seems to be the ablest
man of the three
i Woodbury., is a good deal talked about. u was Il
terrible foolish thing and has SUNK .aLheTo" mug
contempt even with his own party. is resaraea
as conclusive proof that he is MS little in intellect
as in stature. No of talent voluntarily SUD
mits to such degradaons.
The House then went into Committee OF the
Whole on the Deposite Repeal Bill CdmoToteng
stated, that in consequence OF tie passage ny .io
Senate, of the bill TO postpone the payment OF lhe
merchants bonds Treasury Drafts had already lat
len far per cent, and were actually below par !;
while the passage by the same body OF the Dill TO
settle with the deposite Banks, induced those lhsu-
tutions to protest every draft drawn upon them as
by that bill they were to be allowed credit OF Jour,
sin, and nine months. So that the Government at
present had no other resources except cash duues,
and moneys received for public lands; and aoere IN
danger eeery moment of stopping payment ent~etyt!
This is the first working of their measures OF relief
This Government has not wit enough to prevent II
from cutting off its own fingers.
Bent0n and CaihOun appear to be hand and glove
Calhoun speaks, bat he is prompted ana he'p-
ed out by Benton They are as afectionate as TWO
sucking doves;
Twin cherries one stalk.
Ii is ascertuned that the Senate will be about
equally divided upon the sub-treasury bill. RtDcS
will be able to command from seven to ten OF the
administration votes.
Monday, the 9Th day OF Octoper, ls sPoheh VI DIS
the day Of adi ournmen
In the Senate the Sub-Treasury Bill was taken
up. King, of Georgia, delivered an able speech
against this new experiment. He was extremely
sharp upon Benton, serving up the Roman and Boz
nnpartean precedents which that great loco foco
had cted in a style ofkeen and bitter irony;
He was equally severe upon the PRESIDENT mes
sage declaring that he could make it as clear as day,
that not one Of the facts stated in that document,
by way of accounting for the present condition OF
things was true. The message consisted OF more
scraps of defamation picked up out of newspapers,
foreign and domestic, but not particle OF TACT or
philosophy. 1t consists merely of assumptions
assuinp tions, be sure, which have been repeated
over and over again, but which totally destitute
of truth. ...
The parallel drawn by the President between the
business condition Of this country and that oi Eu-
rope, was wholly unfounded We are IN inc con-
dillon of a man overwhelmed with debts, and una
BILE to pay; whereas the condition OF England Is
only that of u creditor, who meets with some dis
appointment in collecting his dues. most essen
tial and important difference! ...
1t appeared in fact by the official returns of the
English Banks that for three years past the English
Bank circulation, which according to the President
has expanded so much, has not varied in amount,
quarter of million. Whereas, during the same
time, our currency, specie and paper together,
has increased two hundred per cent. DID
He ascribed all the commercial distress under
which we are suffering, to the interference OF the
Government with the currency; and particularly
the ridiculous project of forcing importation OF
SPECIE contrary to the laws of trade, and to the to-
tai arrangement of the natural state OF things Ihs
position he maintained in very able manner, by
reference to rrefragabe documents; and T.. INC ut
ter establishment OF Dcnton and Niles, VINO sat lis
tening with their eyes as wide open as if they had
uecn looking at ghost. ...t ....
The speech of King makes very strong inn
preston because it had been supposed that he
would 60 the other way.
From present indications, 1t would appear thai
even Buchanan will desert the falling fortunes OF
Van Buren,, and enlist into the ranks OF the =" con-
servativcs."
Poor Strange got the floor, and attempted to make
u reply. / need not add that the attempt was Il to-
tai failure.
Niles came to the rescue, and poured forth a CO.
pious eruption of loco foco nonsense, till even the
loco iocos themselves completely disguised.
After .NIes had concluded, Upton, in short
r speech, avowed himself in favor of Rioes' bill. Cal
houp then took the floor, and spoke some timo In
answer to King; but soon fell back into his talk OF
yesterday that Rioes' proposal would enure only to
the benefit of the Pennsyvan Bank of the United
States. RiUes thereupon gave Calhoun one of the
most nmerciful scourgings that turn-coat re-
ceived.
He said it was extraordinary indeed that he should
he accused of design to favor the Bank of the Uni
ted States, institution TO which he had always
made strong and consistent opposition; an oppo
. sition, to which, at one time, he had sacrificed h
political existence and accused of it too, OF all mer
in the world, by the Senator from South Carolina
who seemed DESTROYS to signalize his zeal as new
convert, by insnuations thrown out for effect,
+ disavowed out of justice that Senator who ha'
i himself had n principal hand in chartering thu
Bank in 1876; who had proposed to extend tina
y charter in 1884; and who had been "a violent de
. clamer against the removal of the public deposite
. from that institutions He to accuse others of Gov
n ert design to favor the Pennsy lvania Bank Blu
" honorable Senators this floor not babies
v they not to be scared by any such bug -bear
. and until the Senator from South Carolina CAV
e some for his fears, he could hardly expec
q the Senate to sympathize with them. He had n
=, design favor the Bank of the United State, bu
IS he was willing it should stand the level of tn
$ other Banks
= The honorable Senator from Missouri in TN
course of his speech yesterday had appealed to hir
10 member of the democratic party TO beware no,
" he forfeited his political orthodoxy by bringing fol
), bid him look his left shoulder (Clay, Webste
" &c. sit Rives' ft,)-and who were 1kel
ID TO be his supporters. In bringing forward a mea
r. ure, 1t not his custom to inquire who woul
e. support it; but whether it vas measure adapte
is to the occasion In bringing forward this measur
of ne stood precisely upon the same ground whie
lr ne had stooI, when he brought it forward at Il
" last session. He knew who supported it then. I
II be sure, it opposed by the Senator from Mi