The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-10-06

more tllti tnftfliAitcn
asd that ives, that az bill had passed the Sc
Aate for arrssting the payment Of the fourth IN
s,AlEsnt lie the SiAtss and since The fund utsndsd
for tht uss of the States vas TO be applied TO
the use Of Gossrnnent If il was intended TO en-.
plcy the fnnas Ia the banks before being reduced
IN ScEnr way er other &c specls basis, whether
Government intended ky laws passed, or TO be
Psssed-spch, isg oNaHpo, as bankrupt law-tO
torres the conversion Of The funds new IN the banks
into metal, and then throw the sum thus obtained
from the banks into the Treasury, thars 10 lie
without bsinE assd HIS inquiry not, he
thought useless, since II must be evident that the
amount Of the blank must depend upon The avail
ability Of the funds in the banks.
Mr.. Wright said 1t had been asceriained, and
50 stated IN the Sserelary's Report, that ell the
money in The backs subjec, to dral on the 2Sih Of
August last amounted only to eight million one
hundrsd ava sixty-slx thousand dollars, Out of
that sum the expenses for the month Of Sep,sm-
Der were 10 DO taken. which would leave the
refused 10 about two millions and half by the
lst Of October. But if the outstanding drafts
should come in on the Treasury, tmsny Of them
being prolested.l ia that case the available amount
would sui Dc diminished. and TIE Treasury would
be in want Of means There were therefore no
ready means without the assistance Of Congress.
In all the Atlantic esast, The nensy an the banks
had for ths most part been Withdrawn, only
small sum subject 10 draa being with them, say
less than million, and creditors not willing
10 receive draas upoa the Southwestern banks,
whoTo now almost all tAs funds in opposite with
the banks we're placed
Sach bciac the case, and such the amount of
unavailable money, the object sf issuing Treasury
notes was 10 anticipate the funds in dsposte with
the banks until Congress should say hew those
funds sers 20 be made available. The Commit
res on Finance had reported bill giving 10 those
banks intervals Of tive, five, and eight uAEths in
which 10 pay the sums doe, dividing The balance
in their hands into three insalIneats. Again, the
eKtsESioa granted already, and proposed still TO
BE- granted, on bonds wOuld diminish the means
Of the Treasury: from all which considerations,
the Issue Of these notes rendered necessary
e meet the current expenses.
Mr. Clay, .. kentucky. protested himself great
ly obliged BY tue valuable Information eommuui
Gated by the honorable Slaatot Mr.. Wight but
he still teh that The inquiry which he had wished
20 make was not vet answered Hs meant to in
quirs il the moacy 10 the banks To be us,d as
bank notes, or il the banks were 10 be compelled
TO pay them 10 specie, aud then II ihsse funds
were 10 be left idle
Mr.. Wight in reply. said they would nc, 10
used as bank notes unless the laws shouts aulhu-
rze them To be usSd.
Mr.. Clay. Then il comes to this we have pas
se3 ball to ako iunds out Of the hands Of these
who would haEs been glad 10 them. 10 put
thsln iHia the hands Of others who refuse to &C.
kns@ edge and make uss Of lhcrn. Tie States
would have bsen glad to receive this money ia the
Snaps Of bank notes, an1 we have iaksn it from
then. Again: Government refuses TO call them
funds n that shape, and 10 Government we hays
ngw made them ever by the bill last passed Ard
as Government, though it receives those f3ud. and
prevents their being paid 10 the States, viii not
acknowledge them funds, there IS 4 deficiency
existing, aad this deficiency is TO 10 supplied BY
issuing Treasury notes, IN order that Government
may BE- able TO get along That i 10 say, Govern
meni sili not receive the paper OF ths country,
and IS sy81l 10 create PAGES of It's ewA which
thu cuantry, is expected 10 receive. Ard thus,
Oh The promises winch bave been made 10 US OF
the f3sinr Of gold ard silver all ov0r the ccuEtry,
these promises Of better currency result IN
the issue Ct ten millions Of % per money
N Wright ihsn moved 10 til up the secsnd
blank 10 the bin witt the words not exeossing
twenty thousand dollars" This sum Mr. Wright
- n.7le way intended % deirsy the expenses IN.
clrr,a by the execution Of tie act, and vas made
apa- estimate Of The bill oflsl2 Agreed TO.
3'- Gas, o. Aabama, moved to insert provis.
la thai Government should not BE- permitted to
"a axe any purchase OF these notes ia the public
market below par which was agreed TO.
l.r 'lrther consideration Of the bill vas then
postponed, Ga notion q Dir Calhoun, until 10.
ll.r.w.
HOUSE or REPRESENTATIVES,.
Mr. LtaC-.n, oi N4ssaeIasstts, presented
h1'ea d. '-asa1a. psf. .su. ..asd 81 more than
'ra, '.9as4aa q ms constituents. against the an
rs2a'.5u .: IsEas ~ the United States. Laid on
iEs i.u.e. >luslar g-uu1us were presented By :
Ciae- members from a1a-sia' shoIdiag States.
N- A.4n, presented a memorial praying 70.
-eteaeaueot I'D re -rm, laugh He said he