Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-10-28
TWENTIETH eoloooeS1
ENg1a AExxxoN.
HorsE Saturday. Oct. II, lsa,.
DEIOSlTE BANKS.


ing the pay mcnt vi sax per cent. interest per ~
nun TO &c required On all sasns 50 deposi,ed, =
not paid over,
;, MF. Linco.n resumed his remarks. He saiAsh
1ioasc saas.ld judge tho banks a. they woaA
iae Csc ct inaIs Ituals. u an niv dual dcps,s
Cd 'a'asaad dollars At . bauk, And ~ dca..al
ing u AGAIN wero tod that nc could NJ, te -
as his n,osey had becu len, out. +, would IL ~
poor satisfaction. Yet 50 i, was With tn -
cEnment money He considered that they -
emitted to no sntulgcncc, and that the pcru.s
interes, shouid lie required.
Mr. Martin did not contond that the he.h
should he exempt from, paving interest, bu, e
objected to The amount required. lie referred s
the banks IN the State OF Alabama. and did =
c"rity Tor the payne Of such interest a. ps,vi
dcc in the Lill
Mr.. chambers said the banks stood in a.
same relation 10 Go,ernmon, as the Devil ~
TO the human race he first tempted them 10 -.
hcdicnce and then ruined them, So the o..
eminent had encouraged The bank. 10 ex,e,1
their circulation aud now was eeokins Then
ruin.
Mr.. Adams occupied cons iierablc time IN , go.
ical examination OF the frs, section Of the bin
which he commended had no meaning uh,,crc,
lie gave his views al some !cns III ainsi The ball
when -
Mr.. Cambroleng hoped the ecst!cman ffu1fs
Massachusetts would have some mercy on tn
House. and not speak all night. as il was Va.
~ desirable that enc or two appropriation bilb
should hc seat To the Senate which could no, b
done J! so Ia 5c5 time were consumed in uselel
debate
Mr.. Adams pose edcd chill,
On motion of Nc. Canbreleng. the prcse,e
bill was laid ASIDE. and the bill sma king adddaua
al appropriations for The year 1887" taken up !
Ills stead.
After some remarks from Mr.. Cumtrclcny !
explanation OF some additional items at the oai
OF the bill.
Nj. Wise then took the floor He said that ~
been The most important day Of the session, &
II had list been ascerfained that the grand exps
riment had failed: the gold wss all gone. and -
ny OF tho members would be compelled 10 tn
their pay IN shin-p iasicrs. or the notes II -
District He wished 1t proclaimed 10 the Cue
try. that such had been the result Of the great
humbug gold currency. and that at eight oceek
on the last night OF the Session. the bubble had
burst. As tor himself. he had been SO fortunate
to get gold and silver. and in order to commeR
crate the event, he intended IL mark one 81 tA
half dollars, To be kept by his chiIdrcns ch'IdssA
for generations 10 conc. Yes, u had come TO ~
at last Besides, he would ask them IL tho a.
Lcvi.of what tribe hc would not say, was 1T =
be a Secretary, when II was found that lac CO..
not even calculate now much gold he should =
hoped that s,n,c loco foco would now get up, -
offer resolution demanding equal Rights, aud ~
one man should not have al! gold, whslc anoaiw
was paid in shin-piasfcrS.
lie then alluded 10 an item IN the bill t1cs -
tore The committee. IN which $4,000 wasV&
priafcd Tor expenses aticndin. Tho foreign nge49
AT London IA relation To- the Smithsonian bequee
lie con:cndcd tina, there NJ necessity Tor -
o,sh to rcmaia ~ ISuyius 81. Il eNtrav agsuk
outlay, and moved - strike cut that item fsu0
the bill. lie aavcricd - the present distress &
the country. ana asked how the Committee III
Ways and Means could think OF SIN igg'ing III
such an item at this time. lie considered 81
most prodga expenditure.
NJ Cambrcicng said the gentleman had appailI
the word ''huuIouggcr, IL the administrators.
and had charged them With attempting TO sniuggb|
The icm IN question through tho lilo Isc.-BA III
wouit tell the rcntlemIn ne was mistaken, and ij
was not the first time he al missed his mark. III
paper bad been lying their tables for mas
than foar weeks, IN reference II this Subject
which certainly showed any thing but desire y
snaggic it through the House. And rcgards
the charge Of extravaganza, they we're mcre!!
carrying INTO effect the act Of 1896, which .
prcssiy provided for such appropriations 10 ~
made annually. for the oil ject already slated.
MIR. Wiscs motion was disagreed to, takes =
tellers-yeas 6!, noes n.
Mr. Cambrcleng then moved an additional ifcs
VI SJVo Tor the contingent expenses III Tue OskAs
Of the Treasurer Of tho United States.
Mr. w. Cost Johnson then addressed the Hosa
:or an hour IN a discursivc speech, IN which
complained. in very strong terms, Of the brcs0
of faith of tho Secretary .f the Treasury, in -
public promise 10 pay The members in gold.
they desired il. Members had applied 10 d
Sergcant-lt-ar FOR gold, and had been told fiss
there more OF IL, but that they could hsse
silver. or notes o! State banks. or 81 the Oun1
banks. He advertcd 10 4 n,;tnacr of other "
les; but this was the principal theme Of rcmasL
Mr.. B.num said very scfIous charge had De-
brought against the Secretary Of the Tscasus
for which. if guilty. he certainly deserved not
ly the censurc Of that House, but also Of q
whole people of the country. That gentiean
had no seat upon that floor. and was thereby 81
barred from all opportunity Of defending h'm1e1
Mr. Il. did not rise al that time 10 defend tho -
rotary. but simply TO ascertain the facts ~
which this serious charge had been made ags0
that distinguished individual. He would tn
premise that his honorable friend who had Jusfe Il
ken his scat. would 6nd shat The Secretary q
Treasury had not imposed upon hsrn or o.
members. but that others had. He begged
mission TO have read the letter Of that officer
the clerk Of the House: which WAS done.
The letter was follows:
TRKAsrRY DErARTNksk
August l6. NJ
Sic: The near approach Ut the scsssoo q
gress makes it proper FOR me TO aPPnzc yos,.
der that tic information may nc used for fbe n
eft and accommodation Ct the memhcrs q
House Of ReDrese0fati, e. that this Dcporon