Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-09-21

ANer.a few words from Messrs. Wright,
Clay, Crittenden, Webster, and Buchanan,
On motion of Mr.. King, of Alabama,
The Senate adjourned.
In the HOUSE, petitions and memorials
were presented from several states praying
for the establishment of u National Bank,
which we're referred to the Committee on
Ways and Means. Memorials were pre-
sented demonstrating against the annexation
of Texas to the Union, which were laid on
the table.
Mr.. Cambreleng, from the Committee Of
Ways and Means, reported bill imposing
additional duties on certain public officers rs
repositories in certain cases. The provisions
are the same as those of the bill on the same
subject, reported BY the Senate committee.-l
On motion, the bill was read and referred to
the Committee of the Whole.
Mr.. Garland of Virginia, gave notice that
on Monday next he would bring forward an
other and a counter project on the subject
Mr.. Bell asked whether it was the inten-
ton of the committee to press its own bills
on the different subjects submitted to them,
or wait until those now under discussion in
the Senate should come from that body.
Mr. Cambreleng replied that he wished the
house would proceed with the measures re-
ported by its own committee.
\ Mr.. Mercer of Virginia, made farther re-
port from the committee on the rules. The
House then took up the unfinished business
Of yesterday; being the former report on the
rules and orders. The rules as amended,
we're adopted, after which the House adjourn
ed to Monday.
In the SENATE, on Saturday, Sept 16, the
time was principally taken up with the dis
cussion on the bill authorising the Secretary
of the Treasury to issue Treasury Notes.
Mr.. Calhoun wished its postponement till
Monday, which was agreed to--yeas u,
nays l8.
The House did not sit on Saturday.
| [From the N. Y. Com. Adv. Of Tuesday.
BY EXPRESS MAIL.
/ In the SENATE, OH Monday, Sept. lS, Mr..
:. Rives gave notice that he would, on to-mor-
row, introduce bill TO- designate the sort Of
funds receivable in payment of the dues to
the government.
| Mr.. Wright presented petition from mer-
chants and others OF New York, praying the
repeal Of duties on goods destroyed by the
| great fire. The petition was referred to the
committee Of finance but Mr.. Wright said
that no action would be had upon it at the
I present extra session.
Mr.. Talmadge presented memorial pray
ing for the establishment of National Bank,
which was referred to the committee on
finance.
| Messrs. Ruggles of Maine, and Mexican
Of Pa, presented memorials demonstrating g
| against the annexation Of Texas to the Union.
Laid OH tho table.
TREASURY NOTES BILL.-MR. CAL
HOUN'S OPINIONS.
The bill providing for the issue of Treas
i ury notes was then taken up, and in the
midst of the most profound silence and fixed
attention Of the Senate and the immense
crowd.
II Mr.. Calhoun rose and made an elaborate
exposition Of his views. He said the question
is, "Shall the government use the banks as
fiscal agents as repositories Of the public
funds-and shall it receive their notes as
speeie" He had come to the conclusion
that the interest of the banks and government
forbid reunion. He asked that he might
!, be judged with candor.
Those in favour of a reunion will find the
preliminary difficulty that the banks are now
separated from the government and until the
law which separated them is annulled none
= he imagined, would wish the restoration Of
the union. The opposition will not be in
Z favor oft, they were always against t--neth-
ton, for they have denounced them.
1t was not safe to trust the country to an
untried expedient, but what must we call the
trial of On experiment that has already failed:
D Worse than folly, madness itself! If the
g union is to be restored, a national bank is in
= dispensable.
Il five are to receive notes in the public
:, transactions, we are bound to have Nation
al Bank. Whatever you treat as money, yol
are bound to make as solid and uniform Al
e possible. lie referred to his opinions in 1884
e when he said that if the government was L
e do without bank, it must dissolve its con
nection witha
4 He now declared there must be a nationa
- bank to restore the connexion. lie thought
> however, public opinion is against such al
10 institution-at least the sc entiments Of larg
and powerful party are.
r. The Executive is pledged against it.
e could not be established without politica
t. revolution. Another crisis must come
III another prostration of commercial credit
lie thought there were insuperable objec
j. tions to n national bank. What we have gon
al through would be nothing to what would fo
low upon the establishment Of such an inst
he tuition. (He illustrated this position at som
es lengthy
lie thought the crisis of 1916 essential
te different from the present. The governmel
rs. was then the dsbtor-it is now the credito
lie was then in favor Of a national bank
OF Another measure was proposed-namely,
bankrupt law; such as is now offered by tl
's, executive.
he He is entirely opposed to bankrupt la,
as harsh, oppressive, and unconstitutional
X, The states alone have the power to pass suc
"a, measure.