Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-10-12
TwENTY-rsrTH CONGRESS-.
EXTRA SESSION
~ SENATE
SATURDAY, September 30.

quence Of the silence Of the Southern
Senators. that they intended 20 permit
this question TO 90 by default. lie
had several petitions in his possession,
which he had tefrained from Offering.
because there was an understanding
that nothing but the special bushes. oil
the session was 10 be attended TO. lie
wished 1t now TO be generally under
stood that the southern Representa-
tives intended to disallow the PRAYER OF
of these petitioners aud he pledged
himself that whenever parliamentary
forms would permit. he would intro
duce a proposition which would have
the effect Of not only bringing Con.
gress to a decision. but would test in
the strongest manner. The public opiu ..
ion on the subject.
SUB TREASURY SYSTEM
The Senate resumed the conHdera-
ton Of the. bill imposing duties, as de.
Positories in Certain cases. on public
officers.
MIR. Preston then resumed and con :
cluded his remarks. speaking for near.
ly three hours. He considered that
the State Banks had been unius,ly
treated by the Adminis,ratIon-that
their conduct had not meri,ed this IN
jusiice-and that they had executed,
and could execute the trust of cus,o-
diaries of the public money a. cheap.
ly and as safely as any Of the agents
which the Bill proposed &c establish -
The banks had filled the single office
of custodiary Of the public moaey -
they were the strong box OF the gov
ernmen:, animated by intelligence -
but now the public funds are TO be de
posted in the hands Of officers who are
to exercise the double duties Of keep.
er and deliverer Of the public money .
He strongly objected TO this multi
plication Of Offices in the bands Of a
single individual lie knew Of 40 al
vantage which was TO be derived from
the putting down Of the State Banks,
for the purpose Of erecting this new
system. He could not suppose that il
was done merely for the purpose vi
increasing the patronage Of the. Exec-
tive. As TO the horror expressed VI
banks and banking, he regarded 1t a,
coming with an i'll grace from the
friends of the Administration which
was itself Bank. What was the
giving Of treasury drafts at one paint,
payable at distant point, but a bank.
ing acti Did not this transaction con-
stiiute the treasury hank OF issue and
discount,
He did not enter into the prejudice
Of his hoLorable colleague against the
Penn. Bank OF the United States. ii
that Bank could relieve the country
WHY not take it, Was II an objection
10 Mr.. Biddle that his hand had once
been improperly snapped at when he
offered aid 7 Ii Bill 10 give the de.
poSites 10 that bank were passed ~ has
chamber. il would scarcely have reach
ed the House. before the news would
fly through the country. and confidence
would be restored, ana the value Of
property enhanced. ii the President
would displace Mr.. Woodbury. from
the head of the Treasury. 50 great was
the confidence Of the country 10 the
financial abilities Of Mr. B,dlle. tina,
the whole people would be at once 81.
iis6ed, and the hour Of entertainment
would pass over.
mir. Brown then spoke in reply 10
Mr.. Preston, and 10 all who had $40.
ken against the proposed system. lie
did believe thai but for the L. States
Bank, us efforts to obtain a Ie-charter.
add the course OF It's lrirnds, We should
not have bad the present condition Oi
difficulty and distress. BY The enl4rgs.
meni Of its discounts 20 twenty nil
lions. IT commenced the paper cxpan-
sion which has grown 60 such en- eX-
tent. and stimulated the operation,
which have ovcTrun and emoarr4sseJ
the country. lie defended ihc mes.
sage u the Preudeni from the assarlt,
which had been made upon II 70, To-
Senator from Geo-siA. Nj klng
which he regarded - haviog done
great injustice to the President AGu
Mr. BFoNn bad concluded
On motion Of Mr.. Baysrd the bill
was informally passed over.
OF PAYMENT o. 81
FOstTEs
The Senate pfocseded 20 consider
the amendment of the Hoose So n.r
bin 10 postpone the transfer Of I've 5'i
instalmeni u the surplus rr,cnoe--
which amendment PROVIDE ihat ihr
pos,ponemenl shsil be until tie ist dly
n January, 1879
Mf Wight moved The Senate sgfe,
10 the anendmenL
Mt Upton made some objection.
10 The bill and smendmsni. ADD asked
foF the yeas and nays 90 the motion g.
sgree which wefs ordered
The qussiion vss then taken. anl
decided n ihs ahfms6se. Yea JO--
Nays 3 rPearct add Tiploh
So ne hmeadmsnt waE concurred 10
H0CsE or RGpREak1T.sTTFEs
The ffsolutioa a ~. Tolsnd. cali
ng fof the ecrreeboadssre between
4. Z "a. =. "a I