Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-18

Separation Of the administration from tint
Losofscos-Revival Of the Depesite STATE
Bank system-Mr. Calhoun the only Loco
foco.
We have letters from our whole corps OF cores
pondents. They are highly important We have LITTLE
room for comment today. Two ofthese letters fol
low-the other three will be found on our first page
with highly important proceedings OF Congress. heao
and ponder.
In addition TO the revelations made by cur cores
pendent Rothschild relative to the new views OF the
government, we learn from the best authority that
Mr.. CALHOUN disclosed his views the other day TO
southern gentlemen, visiting Washington, thus
am against a national bank. 1t would interfere
with the SOUTH We must make Charleston the great
emporium of the south. A national bank would give
the export and import trade 10 New York. We must
connect the southern states and the western by rail-
roads, We must support our own state bank poilcy'
am in favor of separation of bank and state be-
cause it will emancipate the south, and will pro-
pose bill in the Senate on that plan, and dare the
administration party to oppose their oscn policy"
Our readers may rely these being the real sentl
ments of Mr. Calhoun.
The discovery ofths fact has been the cause of the
sudden change Of Slas Wright-the exponent of the
President-back TO the state bank system. They are
besides frightened the result Of the Maine elections.
Important news in this evenings Herald.
From Correspondent Rot!seAild-No. KILL
WASHINGTON, Sept. 10th.
have highly import intelligence today-frst, the
Declaration of John G. Calhoun IN the Senate
secondly, the backing out of the administration
thirdly Mr. Wright in favor OF going back 10 the old
system of bank and state.
But let me come 10 particulars.
That consistent pociaH ana statesman, John T..
~ 49, - af
national Treasury Bank, and asked for an ADJOURN
nsent till Monday, in order that he might propose an
amendment 10 the bill before the senate, by which
the opinion Of that body BE TESTED he could
not make up his mind on the SUBJECT unless he knew
the ultimate aim of the administration, the ultimate
policy 10 be pursued by those in power If separa-
ton OF Bank and State was 10 be that policy, ne could
not vote for the present BILL because it was not ade
quate TO the exgencies of such great and important
STEP 1t necessary, IN that event, 10 make the
Treasury issues a circulating medium, and the pre-
sent bill did notc0n,emplate such disposition OF the
Treasury paper. II, on the contrary, gradual re.
turn to the old system OF connection OF Bank and
State to be the ruling pscy of the country, then
he should vote against this BILL because he deemed IT
unnecessary. In that event, he should advocate
provisional loan, for IL was well known that there
was money enough in the Treasury, if 1t were only
available If as the State Banks resumed specie pay
ments, their notes 10 be taken in payment OF
dues as required by the laws now in existence, then
borrow money enough TO meet the present emergency
and pay il oil at such times in convertible bank bills,
as may be most convenient MIR. President II IS well
known that | have advocated one of two schemes.
If the State is 10 be connected with the Banks, am
for United States Bank; if the State is to be sepa-
rated froE Banks % all kinds, thenI am opposed TO
National Institution, and in favor of providing for
another description of currency, adequate to the de-
mands Of the country. | hope therefore, that time
will be granted me- 1t becomes all parties 10 colae
forward at this time and meet the question promptly,
boldly openly, and manfslly; Unless the crisis be SO
met, the very worst evils will fall upon the country.
Mr.. Wright objected. The treasury could not 60
on IL days longer wshout means. He had purpose
ly disconnected the subject alluded TO by the
from Carolina, TO avoid long discussions and delays.
He therefore hoped the senator would bring forward
his proposition separately from thsblll.
Mr. Calhoun could not consent 10 the request I; but
as there was objection he would ask the yeas and
nays. The course and intention Of the admnistra-
tion he, for one, pds determined 10 knov
Mr. Wright for himself, avowed that he aras an IA
ror Of returning gradually 10 connection of Bank
and Stale. As for the administration he knew no
more of their views than the gentleman from Carol-
ma.
The senate agreed 10 postpone by vote of % to
le. Tallmadge and Wright voting IN the negative.
From eur Correspondent ENTHUSIASTICALLY
WASHINGTON, Sept. l5 1881.
The galleries have been thronged for several days
with auditors of both sexes, who have gone TO have
the ear well the eye gratfet by the eloquence
gislaton. They have, however, generally been dis
appointed but little eloquence has as yet been dis
played. The questions chalked out for investigation
are of dry and abstract character, and their discus
sion will only excite interest where the COLLISION of
party may produce warmth of feeling. Of course the
policy Of the administration will be severely censured,
and stouty defended, and the range which the debate
will necessarily take, may afford opportunities for the
display of great eoquence. The debate will, in all
probability commence IN the Senate where the ora
tors prepared on both sides are 10 hold forth.
The report olthe Committee on Finance, made the
other day, il was thought would have brought out
Mr.. Calhoun, and the galleries were crowded at an
early hour. The ladies' pushed IN to hear the great
Nulllfer and the gentlemen TO hea- his sentiments
on the new Treasury scheme proposed by the Execu-
tive The rumor had been rife in the city that he had
declared himself in favor Of that scheme and all were
eager to hear how be would support il. They were,
however, somewhat disappointed, and the debate took
place the bill to postpone the payment of the 9TH
nstalment of the depostes, which continued the
whole day, and the bill was finally passed. thus ma
nfestng a determination to bring the session to an
end in a short time
There has been splendid array Of beauty in the
galleries almost every day since the beginning OF the
present session, and the personal beauty and spen-
did dres of the ladies have been more attractive
than the expected oratory of the Legislators Several
young girls coming out this winter, and make
their DEBUT in the galleries. TIE veteran bellies hold
their place, and much admired ever and fire.
quent the galleries usual. The scandalous Incl
dents cf the last winter forgotten, do not pre-
their visits, though Of the same parties are
her Tta M fvnrn xukos