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

OF defeating him. and thereby destroying the suprem-
acy OF the Van Buren, party throughout the Union.
rms plan comprises the whole OF Mr.. CahsHns
scheme and intentions, in giving his retarded sup
port 10 the message Of Mr.. Van Buren,.
what would have been the result had such bill
been proposed have reference 10 receiving moth
ing but gold and silver in payment for debts due the
government. / have above stated some OF the conse
quences that must have ensued had this bill been
passed upon. 1t is also evident that every bank in
the Union would have been forced 10 shut its doors,
had the separation OF bank end State been insisted
on In this way Mr.. Calhoun hoped 10 PROSTATE the
SAFETY hund System. ana, III lts downfall, Mr.. Van
Buren,, while he elevated the South TO stand pro-
poruenatc TO Its immense resources.
CONGRESS- OF THE UNITED STATEs-25h Session
Friday 18th Of September, lS37.-S ENATE.-Sena-
tor Preston opened the debate this day, in opposition
to the engrossed bill before the Senate providing for
an indefinite postponenlent of the transfer OF the
fourth nstament Of the surplus reven0e to the States
under the act of June 1886
The honorable Senator insisted on the justice and
propnety OF keeping faith with the States. The right
u the States 10 the deposste proposed 10 be made
was vested right to all nents and purposes. If the
Treasury IN want of money, the Secretary of that
Department had the power 10 call upon the States
under the Distribution law by giving timely notice.
Why did he not take the responsibility of so doing?
He was in favor of throwing the execution Of the law
the proper authority, and hoped the present bill
wonld not pass the Senate
Senator Criitenden and entered at some length
lHtO tuc IhcIilS vi pIOpOstu passage
70 a law would seriously affect the interests of the
State OF Kentucky, which he represented The anti
cpated amount coming TO that State had been raised
bys Treasurer on the faith Of the distribution act of
1885. lie agreed with the honorable Senator from
South Carolina in placing the responsibility where it
should rest upon the Secretary eli the Treasury He
would vote against the bill
Senator Bedford Brown could not consent 10 raise
money by loan 10 execute the law of 1885, There
money enough in the Treasury to pay the fourth
lnstalment and something must be done 10 meet the
exgencIes OF the government the first of October.
lie knew OF no better plan TO supply the deficit in the
Treasury than by the bill upon the table Nor was he
satisfied that the country was IN the suffering cond
ton pictured by some honorable Senator's. The great
mass he was sure did not labor under any difficulty
lie was surprised TO hear gentlemen holding up the
government to the scorn and contempt OF foreign
tons He wanted to make i, the pride OF the people and
the feared of foreigners. The bill should receive his
warm support.
Senator Walker went into a history of the distri-
button act. He considered il impossible 10 fulfil that
law without an immediate lean. This he con,ended
would be unconstitutional; and, for one, he was will
| ing to take the least evil.
Senator Preston rose in reply to tie Senators from
Mississippi and North Carolina and contended, still
further, for the necessity of carrying out the prov
slons the law Of 1896, and calling the States for
repayment, If the Secretary wanted money In refe-
renee 10 an alluslon of the honorable Bedford Brown
/ in which he spoke of the nosrums of the opposition,
Senator Preston thought il would be highly beneficial
TO the country if the present expermentaliss, with
| their thousand nostrums could be changed
| Senator Calhoun concurred with his colleague, and
would vote for paying the States the fourth install
ment, if the Secretary would assume the responsible
lily of executing the law now that necessity required
/ IT, But he coeld not consent 10 create national debt
the greatest part of which the South would have 10
pay. The Southern States the staple REGION and
for all purposes of revenue he had always contendcd
that the duties might be laid upon the exports with
even more justice than uponthe imports. The South
paid now three 10 one of the public revenue. He was
for using the funds now with the States, before nc
could consent 10 seek money elsewhere.
The bill was read third time and passed. by vote
of e to IL.
The Senate passed to the consideration of the Sc
cond bill reported by the Committee on Finance
VIZ bill TO authonse an issue of Treasury notes
On the proposition TO insert the word Item before
nllliens, so as to make the amount Of be is
the proper authority whether the government intend
ed TO receive from the deposie banks the public reve
MUGS in paper money!
Senator Wright replied that the Committee on FL
nance had reported no bill TO authorize such payments
but that the existing laws would be enforced un
less Congress ordered otherwise. The Senate then
adjourned.
HOUSE OF RErnEsESTArIvEs-The Hon Mr..
Cambreeng introduced bill from the Committee of
Ways and Means regulating the manner of settle
ment with the deposite banks.
The House then passed to the order OF The day, viz.
amending the rules and orders of the House, in
vogue last session. The administration party was in
favor Of reducing all wothrd votes 70 mere malo-
rty so as to enable them 10 cut short all discussion
upon obnoxious bills Up TO very late hour, the
House continued the debate on this complicated sub
Iect