The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-10-06


ne 20 inlarnird lhsi lhess tllls xrrs Il
Gre ser erni disronni, bas Re did nal
believe lie Government woald lose dol-
laE ~ thsf bank. The banks u Nes
York would compare with sl.ase az any
Pari q lhe Uaion. Tie people were in
debt . lArm more. ~ lhlrls millions.
thsn the = hole sun they owed.
/ u che inquiry - relsling % Ihs banks
II Iouisiana. Mr.. Jnins0n replied. that
/ the banks ol that stale usre al perlecIy
sound and solEenl NJ. Marnn gave
similar reply d 10 The banks q Alaba-
ma.
Mr. Whitlesey. Of Ohio. said thai
there are not more solvent banks IN any
psrt Il die United States than those Of
his state. Lei The banks ef New York
resume specie payments when they will,
The banks u Ohio viii I,.llaw suii. Dee
q the largest hanks IA lie state was now
paying s.rrie; had never, IN farl. ceased
70 d. 80 mnre ihana few days.
NJ. Dawson then RESUMED. but after
proceeding for . short lime gaFe way FIR
4 motion n aijanTa, and The house adj
jolraed 81 Besr 5 O'clock.
Thursday, September %.
Tie Seadfe resumed The consideration
d he bill providing for The collection and
custody of The public revenue. together
with No. CaIhnun's amendment there
q.
Mr.. Webster rose and addressed The
Senste about three houIs in an argument
20 maintain chiefly ~ 0 propositions, viz.
Isl That it's the constitutional duty
of Congress 10 establish and maintain .
couency suited 10 the wants of trade and
business. as well a. 10 the payment Of
debts due 70 Government. and suited al
50 70 The carrying on the operations Of
domestic exchanges. SO far Al least as
these exchanges may be conducted By
ineans " general and universally aecre-
dIled currency; and that these are duties
therefore. desolying on Congress. IN re-
laiion 10 The currency. beyond the mere
regulation Of gold and silver COINS.
I'd. That The Message Of tile Pfesi.
dent, the bill before the Senate. and The
proposed amendment. al. IN effect. dis
claimed any such duty, denied the exis-
tence 81 any such power, and confined
the constitutional obligation Of the Co
vernmeni 10 the single object Of tahlng
care Ut itself and lis own re fenues.
Nr. Hubbard II N. II. followed in a
speech Of an hour and half IN support
Of the bill; after which, on motion Of Mr..
Buchanan, line Senate adjourned.
IN The House. after the morning BUSH
ness, The consideration Of The bill post
poning The. fourth inslalment Of deposIte
with The states was resumed. After some
explanation from Mr. Cambreleng reia-
i've 10 the banks of New York, Mr.. Daw.
son resumed his remarks, and continued
al length aud with great earneslness ia
op.,sitnn 10 The bill. Mr.. Towns, 81
Georgis. replled briefly 10 his colleague
M Graves. 81 kenIucky, went at large
in,u The atg0mpn,s in opposition to The
bill. Til main question then, latter ;
call Of the hpusc, was ordered 10 be put
b. vote II I23 to lO2 The main
question was then pui. ard The bill or
,iered u be engrosspd and read thlrt
time. 81 WIT of il9 To III.
or The members from this state, the
Yates we're,
Teda -Mrssrs Byunm. Common, Haw
kins. M'kay, aud Sawyer.
Navs = Messrs. Dcberry. Graham
! Montgomery. Rencher, A. II. Sllepperd
&. Shepard, Stanl, and Williams.
F,ilay, Sepiembes 20
III Senate.-Mr. Webster submitted
resolution ,nsruc.mg the judiciary com
ml,re IL report u the Senaie what fee
are due. by law, on the renewal of mer
chants bonds, and whether any fnrlhe
legal provisions on that subiecIbe requir
ed. Mr. Webster said he. had receives
several letters from N. York full Of deeI
complains cf the exorbiianl amount q
q, | official fees charged on the renewal o
merchants bonds under the acls Of Con
press. In one case, on renewing bond
Ia the amount uf six Thousand dollars, III
ices amounted To twelve per cent. III
said tha, there vas reasonable grounds 1
i believe Tia. great abuses did exist. and
!. as rank as represented. it's to be feare
4 tina, the merchants will be fleeced 10 sue
an extent that The acts Of Congress IN
d ,ended'fo their relief will be Of very Iii
) tie benefit.
! Mr.. King Of Alabama. said he ha
: himself received slnilar information lroI
4 some very respectable quarters in Me-
= York, and he was induced 10 believe Iii;
e there ought to be some prompt action o
the subject by Congress.
e The Sub-1reasnry bill was then take
e up; and Mr.. Buchanan addressed the S,
nate about three hours in support Of
i He was followed by Mr.. Preston in r,