Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-13
From our Evening Edition Of ysS'e'oay'l
From Washington
From correspondent Rothsch'"-No ''Al
n.eurxGToN Oct. 10, 1887.

, r. ,snit,ee OF the whole Mr.. Benton
,od out ,he word ftty and insert hundred
!; , a, ,yb;el, described the lowest Of notes TO
be issued.
!, u,s With great difficulty that could consent, Mr.
President at all 10 this measure. am the avowed
go, - paper currency issued by the government
Tsunnorted this bill merely temporary expedent
by ,pp[ich 70 raise money. The Bank of England in
1894 issued no smaller notes than 100 In lo5 years
thereafter she issued Il This, sir is the genius
,f she banking system l ask for the ayes and nays.
Mr. Clay resated his objections to the means adopted
10 raise this loan which the Treasury SD It waned-
He was opposed treasury notes forming currency,
and you'd support Mr.. Bentons motion Mr.. Webster
would sustain also the same grounds 1.-THE notes
are TO be issued fifty dollars he feared even with SIX
per cent on teen, they would fall below the specie par
f vane II being directed that they shall be cancelled
90 FAST a. hey are received the Treasury in payment
of dues and one hundred dollar bills being the lowest
it may so happen that capitalists may ouy them up
at par but il was very doubtful The motion was lost,
o5 to 49, The great object in making them fifty dollars
was to furnish the buyers Of forty acre tracts OF the pub
Tic domain chance OF getting them
The said bill was then passed. five voting In the ne
gative
submitted an amendment by which merchants were TO
have the option of storing their goods under the law or
bonding them as now. This power given TO them
till 1912 Mr. Clay had no idea of permitting foreign
merchants and manufacturers enjoy such an muni-
W. He showed in strong terms the perncious tenden-
ces of the amendment ltwas calculated tobeneht the
staple growing states by destroying the merchants and
manufacturers of the north and east
Mr. Calhoun avowed that such was his intention and
thought that those senators friendly the mercantile
and manufacturing interests ought 10 amend the bill
as to protect them. The amendment was lost by con-
siderable majority.
Mr. Clay moved To postpone the bill until the next
session Lost Mr.. Webster in favor OF the ware.
house system, but it new system TO us he had
hoped the bill would not be hurried through However
as the Senate had determined TO upon IT, he should
point out some deficiencies the proper time. Mr.
Niles was for combining the operations OF credit al home
and making all duties foreign goods payable in cash
once, without any reference to compromises
Mr. CLAW now moved strike the second section
authorizing the expectation of goods in store 10 any
port the United States without paying duties and to
insert provision preventing such privilege Motion
lost ~ to 10. He next moved 10 limit the privilege to
one single re-exportation l do this Mr. President TO
lsee the objections of the senator from New York MIR
Wriphtl He says that nearly all foreign goods come
10 New York in the packet ships and that II would be
great hardship make the merchants of other places
pay the duties the goods they may import on their
own account before they could get them. Be Il so
then / now propose to give them the privilege OF
moving the goods only from the place they may be
landed Otherwise sir the goods imported from abroad
will be carried the whole circle OF our coast seeking
market The very effects will result from the
scheme. As he abo ut TO commit his amendment TO
writing he gave way at the instance oil Mr. wright
who moved 10 postpone fhe matter til tomorrow.
shall propose tomorrow Mr. President, said Mr..
CLAW 10 amend this bill to avoid touching the com.
promise act In this way / shall propose TO let the
Goods imported INFO this country till the expiration OF
that act remain in warehouse instead OF bonding them
according to the time allowed by law. That Is, an
goods which allowed six months credit may remall
in store six months and so on.
The resolution about paying in advance on all letters
by express mail has passed both houses and IS now
law OF the land The bill providing for renewal Of
bonds passed this morning and sent 10 the other
House.
House of Representatives. Divorce Bill called up.
Read twice and committed to the Committee of
the Whole on the of the Union. MIR. Pick
ems from Virginia of Mr.. Calhouns disciples,
rose and addressed the committee. tie was the
sworn enemy of the banking system. IL was the
Standing army Of this country. He was IN favor OF 60
ing back the pastoral ages In the south labor and
capital were properly united That union can only sub
sist where the relation of slave and master ~ found
We without any currency but gold and sl.
yer, thank God the condition we were in under
the confederation. And his vote should keep US here
Before 1863 the south imported four times what any
other section Of this country imported. Why not do the
same again. 1t can he done bv divorcing bank from
state The creation Of the banking power device
Of northern capitalists hold in subIugatvn the produ
cling sections lie should offer amendment 20 the
bill but hold the administration answerabe for ITS
prompt aud efficient operation. lie was very violent
against the banking system. Should oppose it 10 any
form whatever.
Mr. Garland submitted bis State Bank bin as an
amendment.
The Merchants band bin was then taken up by gen.
era consent Mr.. Canbreling moved amendment
strike out the second section of the BILL and insert
provision give and months credit on all goods sub.
ect ocass duties now IN store 10 be in store up 70
the 1st November, 1887. This he believed would he
very acceptable the merchants Ii was agreed on
tie ground that IL the bill passed without this provision.
he majority Of the wolfe be thrown into the
year $50 The committee then rose and reported the
amendment After some medicinal and unimportant
debate the bin passed.
ON motion Of MIR Garland, from LoOisinnn the House
went into committee Of the whole took up the De
posite Bank relief BILL Mr. Garland Submitted sub
suute giving the banks ill the 3lst of March 1899
pay up their debt the government in four equal install
lie proposes that per interest ne paid till
the whole balance be refunded That hop skipping
speaker, Mr. Looms of your State for making them
pay per cent Another member moved 10 amend By
giving - and Is months the banks and 10 e, the
Senates bill stand il is The committee then rose
and reported progress. On motion TO ADJOURN the vote
stood - for, and ~ against So the House adjourned
at O'Clock, Il. M.-thc members tired out by long sit
ungs and orators speaking 10 their constituents.
The debates will be interesting this week Many Of
the best speakers viii hold forth Ii IL said that Ogden
Hoffman will make display Whenever Wise speaks,
III send you outline Of his remarks Expectation Is
tipioe to hear him. Mr.. Pickens advanced such
strange arguments 10 day skillful orator would al.
ways welcome They among those that the school.
men term iueptac.
There Is no doubt Of the fate which awaits he
divorce bill II viii be crammed down the hroas of ali
parties with All its imperectons upon it's head Your
merchants and Your 6nanciers may believe thai II i The
best plan Get back to heathful state of the corn.
mercal and monetary atmospheric but they deceive
themselves They leap the truth get at forgone
conclusion. The great hope here and every where
with the supporters Of the measure s that the poo