Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-09-28
largely attributable to the bank and credit

largely attributable to the bank and credit
systcm-to nnllifcation-to a desire for the
ACQUISITION Of Texas aud the steady opposit-
ION of the North to that measurc-and finally
to personal ambition.
Mr.. Calhoun is one Of the most ambitions
men in the country. lie still aspires to the
presidency, aud percciving i'at the democra.
cy is going mad upon the hobby of gold ana
silver, and preparing itself to run muck a.
gainst all banks and banking systems, hc mas
thought it good policy 10 place himself, II he
Gun, at the head of the movement, ana thus
rob Col. Benton Of his thunder. -.
/ His speech disappointed every body. Ills
leap from the ranks Of the opposition, clean
over the heads of the conservatives, aud into
the very front of the loco-foco party IN the
Senate, had been too recent TO admit of his
feeling quite at home in his new poslton.-
The consequence was that he did not speak
with his usual ability, and the general tce'lng
was that he had made an almost unequivocal
failure. But it has had the good effect OF
( bringing out the great minds of tho Senate.
! Not only have Messrs. Rves and !'allmadge
spoken with distinguished ability, but tie g'-
! ant inlclects of Clay and Webster have been
stimulated into action. The champion OF the
|, protective system, and the great enemy o,
Modification, have felt themselves summoned
to NEE, this nulifying new ally of the admin
istration; and not only these, but MIR. Cal
Ihoun's own colleague, the eloquent Preston
and the upright Senator from Georgia, Mr
King, have owned the call of duty, and the
= latter has come forth against the party witt
which he has hitherto been identified. Sena
tors King and Upton have slipped the collar
i and it is now evident that Mr.. calhoun VIII
= not carry with him the South-not even th
deley CATION from his own state, majority o
which will speak and vote with MIR. Pres
+ ton.
The belief now is, that the sub-treasur
scheme will be defeated in the Senate.
't In the House, the bill for postponlng tn
l. 9TH instalment of the surplus revenue, is yt
llunder discussion. pari pdssm with the resolt
j. tion of Mr.. Wise for committee of inqu:r
ID into the dolngs in Florida. This latter h'
n already given rise to some sharp sparrlng b.
" tween Mcssrs. Wise, Gholson, Cushing, Mul
y lcnberg and others.
y The administration party in the House a
: pears to be wanting in courage, union, lea
ers. and mutual confidence. The opposltlo
IN or the contrary, are full ofspirit and dete
1. mination. They are resolved not to be a
ven from full discussion Of the state OF I
nation, and Mr. Cambreleng has twice
tempted, but in vain, to stop on the deoate
the postponement of the 4th instalhent. a
-. bring It to the decision Of vote. The
position members have defied him to cut do'
c' the debate on that measure by the prevlo
i'll question, and he has quailed from the
es- tempt
he The present opinion is that Congress "
;. adjourn in the second or third week OF Oc
" ber.
ner The state Of parties in the Senate, SO
en-, as we can gather and form an opinion, Is
ich terialy different from that at the close
last session. Mr.. Benton is thrown into
ohs hack. k.pround by Mr.. Calhoun; Messrs. Rl
one and Tnllundce maintain themselves "
.ual crcat spirit and increasing strength; and
die. grcat political struggle is for the South
influence, between Messrs. Calhoun, II
''' and Benton.