Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-10-02
S&3p#syess.
From the Nat. InteIligencer.
From the Nat Intelgencer.
DEBATE IN THE SENATE
On the bill TO postpone The payment Of me
Fourth Istdlmsnt Of the Deposites TO the
States.
Tuesday Sept. Ia, 1887.
Tuesday, Sept. Ia, 1881.

Mr.. Igeb,ter rose, and said that the i'm
norronce of the present crisis. and the ur-
',cncv of This occasion was such MS tn lead
him earnestly to desire that some measures
IF ADEQUATE relief might Come from the
quarter which alone had the power 10 eieG'
any thing, by tie majority it commandeu.
Much az differ from them. (sald Mr' W.
would be glad TO accept any measure OF
substantial relief which they might orlng
! forward think, sir, see SUCH necesSl-
" for reel as never before, wiihn my re-
] collection has existed IN this country, anu
regret 10 I've obliged to say that the meas-
ures proposed by the President, ~ ms mes
sare 10 Congress, and reiterated ny me
Secretary Of the Treasury, in his report 70
the same body, only regard Que oolec', ana
are, in their tendency, oalv dlrecied 10 one
| branch Of partial relief. The evils, howeV-
err. under which the community now suller'
! (said Mr. W. though related, ana OF uhe
same family, are yet capable OF disunct
consideration. In the first place, mere are
/ the wants Of the Treasury, arlsihg from rhs
stopDare OF payments and the ial'lhs Oh u
The revenue. This is on eX'gency requiring
the consideration ot Congress; u Is an e'll
threaIepinq to suspend the functions ol al
least one Department OF the Government
unless it be remedled. Ano'her, ano
greater evil is, the prostrallon oi creui', INC
interruption brought upon all business
transactions, arising from The suspension VI
aft the local banks throughout the country,
with some lew and uifiing exceptions
Hence has proceeded 3rrstrailon OF me
local currency, and q serious obstruction
and difficulty thrown III the way OF ouy"E
a3J selling. A third want is, The want oil
an accredited paper medium. equal 10 sPe-
Gle, having equal credit over nl paris OF
fine cnun'r, capable Of serving for The pay
, ment Of debrs aud carrying on the ln'ernaI
, busiress ol the country throughout AID De-
tween the different and distant sections OF
li,ia great Union. These three evils mo
iI,v are cu.ex;stent and cognale IN thelr
t Lcinc cannct he met BY the same measures
Of relie,': if relic is given TO the one, u
, dnrs NOT follow that you will relieve Inc
t others; il YOU rcplenish the Treasury, anc
d thus bring remedy to that evil this brings
no relief 10 The ds0rdered currency. ANA
q auain: if the local currency is relieved, II
> dIes not supply the other want, namely, 'ha'
u of a universally accredited medium.
y y, Ii has, no doubt struck the country gen.
= eralv that the most important oolecllon 10
!. the Message is, that i; says nothing about
n relief TO The country. directly and mainly
- the Whole amount OF the proposition u con
e tains relates to The Government Itself; me
J, interest Of the community Is treated as col
:, lateral incidental, and contingent. 30 IN
IS the communication made by the Secretary
v, of the Treasury. the sla.e OF the currency,
10 the condition IN which the commerce. ana
- trade Of lhe country now are, " not 'onkeu
:; nj as prominent and material oDleet. lie
10 Secretary's report, as well as the Message
IN itself, exclusively regards the interest," VI we
.. Government, forgetting. or passing oy inc
ia PEOPLE. The outpourings OF the Secretary
rs which arc very considerable IN quahtityi
I'd are under seven heads. the exact NUMBER o'
ed the seven viaIs of which we read; out Inc
ne contents OF none Of these is concocted OF
ne prepared IN reference 10 the beneht al inc
vs. community all the medicine IS ihiehoeu
he for the Government Treasury, and there Il
10 none for the sickness and disease OF suciety
Is except collalerally, remotely, and by-lhe.Dy
. Ii is. however TO the credit OF the Preslden
IN that he has given, in an unequlvocal ant
~, intellipibe manner his reasons Tor not rec
~ ommemding plan for the relief OF the coun
70 try, and they are that, according to HI
II. view, il is rot within the constitutional pro
~ vince OF Government. CONFESS, lSdiu WI
e. W) this declaration is 10 me oul'e as'oun.
We ding, and cannot hnt MINK '!,a', wren
nc comes 10 be considered, II VIII u, proauce
,o 70 shock upon the whole country; ms avo"
W. ed disregard OF the pnbIic distress, upo'
~ the ground OF alleged want OF power ,na
nd exclusive concern Tor the interest OF GOV
ernmenl and revenue ms or"aa me
be dleiincion now, Tor the ''fs' 'IIhe' dr'w'