Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-09-28

DCI VI tbC oSSSSu to'
the House would not be SO unfair as TO,
entrust this important matter to the hands
of a committee thus strongly BIASED a.
gainst the objects Of the inquiry.
Mr. Cnmbreleng here called for the,
order Of the day; and the
ANTI DEPoslTE BILL,
was then taken up in committee of the
whole, and Mr. Loomis spoke at length
in opposition.
In SENATE Friday, Sept. %, Mr..
Davis, Of Mass. presented several me-
MORALS demonstrating against the an
nexation of Texas to the Union, which
were laid on the table.
sUB-TREAsURY SCHEME.
The bill imposing additional duties on
public officers, as repositories in certain
cases, was taken up, and
= Mr.. TALLMADGE rose and delivered
his sentiments. Coming from state
where the effects Of this measure will be
most sensibly felt, he considered il duty
to express his opinions as to its practical
operation. He referred to the Presi-
dents recomme endation of this measure
as entling it to his most careful and re-
spectfuI consideration. lie was farther
Induced to consider it fully by reasons
existing between the executive and him
self. lie spoke Of their long and friend
" intimacy, and their close personal and
political association. Alter giving it the
fullest consider alton, however, the rca-
soning olthe message had not convinced
him Of the propriety or expediency of
this measure. This measure is lraught
with incalculable mischief 10 the whole
community. 1t is no new scheme. 1T
has heen before submitted TO the consid-
Grafton of Congress, and of the people.
This scheme was brought forward by "a
member of the opposition. The friends
of the administration opposed it as an
opposition measure-but he would do the
opposition the justice to say, that the OPP
position generally did not give coun-
tenance to it. 1t did not command, in
the House of Repre- ativcs, when it
was brought forward, more than thirty
three votes, although the opposition, in a
party view, had every inducement to 60
4 for it; but it was SD odious that they
would not support it. 1t was proclaimed
by the Executive organ as revolutionary,
and disorg anizng, and tending TO en-
| large beyond all boundaries the patron
age of the Executive. Nothing, he
maintained, has occurred to change the
arguments, that were then urged against
III. He spoke of the circumstances of
the time when the Bank Of the United
States was overihrown, and said when
1--we were asked wlrat was the substitute
TO be given for National Bank, did we
not answer :he State Banks? Was it
not declared, then, that they would an
swer every purpose served by the Bank
Of the United States. For one, he never
thought the State Banks could do as
well as fiscal agents of the government,
as the Bank Of the United States-but
he thought the objections to that National
institution were so insupcrable, that on
the whole he was in favor of the State
h Bank Deposit System. That system
was the system of the administration, and
he entered upon high eulogium of the
conduct of State Banks as fiscal agents,
and the benefits that had flowed from
them. He spoke of what had been
called tho failure Of the State Bank Ex-
pertinent; and said the failure arose from
the warfare that had been carried on
against the banking institutions Of the
country. That warfare had been car
red on most unrelentingly and steadily
bv some Of those who had pursued the
Bank Of the United States with the
greatest hostility. Confidence Of the
government had been Withdrawn from
the banks without which they could not
stand. The moment you can satisfy the
| people that the government has no con-
fidence in these institutions, the people
will withdraw their confidence. lie
spoke Of the issuing Of the Treasury
specie circular as part of the ruthless
warfare against the confidence Of the
community in banks and declared that
if the will Of the legislative department
Of the government had prevailed on that
subject, confidence would have been re-
stored. The people looked to the re-
scindng Of the circular-they looked to
the revenue bill as the measure of relief.
The people expected President Van Bu-
rem to rescind that order-and il was the
expectation Of the friends Of that high
iunctionary, when they left this city ir
March, that the order would be rescind-
ed. When he Mr.. T. reached New
York he openly expressed the opinion
apd that community received it with JOY
and graduation as an announcement Of