The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-16

The resolution offered BY Mr.. HUBBARD TO meet
ut ten o'clock, taken up and so modified as 10 read
that alter this week the Senate will meet ut IL o'clock
and was then agreed To. tHf
The bill TO postpone the transfer Of the 9TH install
ment OF the surplus 10 the states having been
read third time and the question being on its passage
Mr. PRESTON made some remarks TO show that
neither this the time when necessity existed for
aenaling this fund from lis lawful object and il il WAS
this was not the proper mode. lie thought nine mil
hons might be saved by resembling useless expenditures
on Notifications, curtsng and suspendng others The
better way would have been to recall the LIST nstamenl
instead OF posiponng the Alb This is in fact recall
Of one OF The instruments without the guards and checks
imposed by the law The distribution BILL orig
naiy passed the Senate would have prevented the
cessiiy Tor converting Congress. II illustrous per
sonage could have brought his conscious TO sanction
that ball. the Treasurer would have received state cer
hcates Of deposie which he could have put into the
MARKET and thus raised the funds necessary to relieve
the Treasury.
Mr. CALHOUN agreed with his colleague that il
would be better repeal useless appropriations and
for that purpose he willing lay the bill on the Ia
BILE, He had done all he could 10 the appropria-
tons II the instalment not withheld, debt
would be contracted by which his constituents and the
South would be more heavily taxed than they would be
by Withholding this instament
Mr. CRiITENDEN assigned his reasons for OPP
posing thus bill, at some length His views SINH
lar TO those which had been given by the Senator from
South Carolina, (Mr. Preson,l The first mode Of
lief TO the people is to take from them nine millions,
which they are expecting the next TO plunge them in
TO debt 10 the amount OF ten millions and then to
establish new machine an experiment, would but
thus increase the public distress instead Of relieving it.
The people would see that only to relieve
the Government, to cut loose the wreck had made
Mr. BROWN made some observations in favor OF
the BILL although he considered the Distribution Act as
constitutional when II was passed. because there was
then surplus in the Treasury he would consider il as
unconstitutional to create debt for the purpose Of loan
ing money to the States.
/ Mr. WALKER took similar ground and added
that il, gentlemen had said this was in the ma
ture Of contract tho deposites Of the public money in
the banks was also contractthe irrepealable
as the other.
Mr. PRESTON made an explanation, stating that he
had not Intended to propose that Government would
create debt for the purpose Of leaning money the
States but that they should carry out in good faith
the arrangements made by the States, and if they
wanted money for the operations Of the Government
create debt. He minated the proprety Of calling in
Of the instamens paid to the States preference
to keeping back this instalment because the States
could then avail themselves Of the checks allowed them
by the law. ..,a..
The yeas and nays, on the passage Of the BILL were
then called by Mr.. WEBSTER when the question was
taken and decided in the affirmative. Yeas 26-Nays
IT, So the bill was passed.
The bill TO authorize issues Of Treasury Notes was
then taken up in Committee of the Whole
Mr. WRIGHT moved to amend the bill in the first
section by filling the blank to the amount Of notes to
be issued, with the Of millions and after some
conversation between Mr.. Clay and Mr.. Wright, the
motion was agreed to-
On motion Of Mr. WRIGHT, the second blank, in
reference to the expenses Of the measure, filled
with the words mot exceeding 200 dollars" which
was agreed to.
Mr. CLAY, of Ala, moved to amend the 7th section
as TO deny TO the Secretary Of the Treasury the power
ofPurchasing these notes below par which was agreed
to and
The Senate adjourned.