Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-16

other vote 10 take il into the House. On Saturday
before adjournment was expected pass by small
majority say to IL. The mails today or rather
last night will give us the intelligence. Today Con-
gress adourns, and from this date up to the 9th De-
cember tho members will spend their Time In oil
kinds of dissipation in Baltimore, Philadelphia and
New York. What disgrace to the nation Con-
gress is
From our Correspondent R0tAsosl,d, Ne ,, XII
WAsHINoT0N, Oct. 18TH, 1881.
Mr. Lcgare, from South Carolina, IN session this
morning thought that we were indeed at fslnt OF
departure from the track which the nalen mas SO long
and prosperously pursued mad not expected that
this new policy was TO be pressed through this SEES
sion WHY are we required to stop short IN our course
and follow the wild vagaries of dlstempered magma
tons IL the space of six days! approach the SUD
ec before the house with degree OF soemnty can
not describe. l approach the SUBJECT Mr. Chairman,
utterly unfit to discuss it properly, and from what
have already heard, perceive that honorable mem
bers have abored under the same difficulty. We have
not had time to investigate, compare and Judge
We have been told, sir IN another part Oh this capt.
to that the banking system was an innovation upon
the established customs OF antiquity customs mat
experience and time had rendered sacred IN the eyes
Of the world 1t urged upon the intelligence OF this
nation with an eloqaence unequalieo, mat TINS sys-
tenn is nmical 10 liberty industry and mind. Now,
Mr.. Chairman, this is no light charge. 1t meets us
wherever we 60 and at all times. Is the accusation
true?
n. LeOdre
formation and perpetuation of the bank. In most
mastery manner he showed that the present glory
and power Of England depended upon credit IN the
form of banking. Having resided IN Europe long
time, he was enabled to render this part OF MS as
course intensely interesting. He then took view OF
this people, showed why they were democrats and
proved conclusively that all our greatness and I'M
provement sprang from the use OF the banking sys-
tenn. | consider this part OF his speech as trum-
plant and logical refutaon of Mr.. Calhouns childish
sophisms.
objection, Mr.. Chairman, has been made to the
banking system because II IS liable 10 excuses;
These glory in sir. Ihey are the proofs OF
the value of the system III shows TO US mat lntell-
gence and good character are fostered by It. 1t
proves that capital, dead, nerve destroying capital
has lost its blghting influence upon industry and con-
fdence Faults the system has but It IS the part OF
wisdom TO correct them. Banking is human lnsu-
tuition interviewer in the nearest and dearest feel
incs OF our nature. gold and silver currency is the
axe that the capitalist, the despo lays at the root of
all human activity and enterprise.
In fine, look upon Mr. Legares speech as by lar
the most logical learned clear and philosophical dis
play made this session upon the floor of the house
II was entirely devoid of politics and the old story
You would do well to republlsh 1t, when It appears
1t carries out all your opinions on the subject OF the
late revusion.
Mr. Naylor, Of Pennsyvania, followed in answer
to Mr. Picken's argument that the banking system
was destined reduce northern aborers to the condl.
ton of the southern slaves. He was very furious and
gave Dir. p. rowland for an oliver.
Mr.. Moore Of your city, rose. lie made some Just
on the system OF long speeches, and
with some severity on Mr.. MAYORS set
ting himself up as the representative OF ihe norlhean
He told Mr.. NaylOr that he was rather
The representative of the banking interest Mr.. N.
explained and got into passion.
Mr. Gushing answered in the most conclusive man. |
ner the argument adduced by Mr.. Pckens, that the
banking system Of the north tended to reduce TO sla
very the northern laborer. He called Mr.. +. the
new leader as Mr.. Calhoun was of the other house.
Showed that the alliance now proposed by southern
arstocrats with the democracy OF the north,
was an alliance of master and slave. That MIR. p.
was now leading and debating TO the very men that
year ago he denounced as the greatest scoundrcs
On the face of the globe.
Mr.. p. had said that he would preach an insurrec-
ion Of the northern laborers against northern inst-
uons If the slave question were pressed any fur |
her On this point Mr.. Gushing was Indignantly elo
quen The gentleman has challenged us to contrast
the social systems Of the north and south. Yes sir,
has challenged us-has dared Were to take him
at his word, this dome wsud mount from its hiding
place by reason of the excitement that comparison
would produce. have but TO make il sir, under the
banner of God and liberty. But will not SIR. Did
the gentleman know what he was saylngl Did he
not know that his language made the blood OF that
old man (Mr. Adams) Jingle in his veins with ndig
nation ? One word more and his eloquence would
have burst forth in defence Of his ireslde, his home,
very intense but Mr. Gushing Gained il by some fur
thcr remarks Of ccnciliatory kind.
Mr. Cambreleng now rose and addressed the Com
mttee for an hour and half He stated in hsspeech,
that while the bank of England notes were made
legal tender and our gold bill remained in force, the
precious metals would flow into this country in spite
of the English. Is this so 1t appears plausible. Mr..
c. did not shed any other light ON the subject that
have not thousand times Yet his speech was
eloquent. He made some severe cuts nj
Ogden Hoiman-alluded TO his beng in the navy,
and his deseriion from the ranks of the Jackson
party.
Mr.. Hoffman rose. That should have excited the
vindctiveness of my honorable colleague, Mr.. Chair
man. is very singular TO me. alluded IN perfectly
respectful terms TO his having voted against the Sub
Treasury scheme in 1884. Was he frightened at his
own shadow Would he kill me for having shown
him his own hdeous visage in the mlrrered shield OF
he Houses Journals Why should he allude to my
having been in the navy1 Ii is a crime can never |
attribute 10 him [Lauehter Mr. IL. then went
over his political life briefly He nspersed no mans
motives. And | will hold any man, whether here or
elsewhere TO just accountability, ii he dare mpugn
my motives! Great sensation and tremendous APP |
pausc in the galleries.
Mr. c. rose TO explain. Mr.. III. went on The |
gentleman meant nothng3 Pehaps he did not. |
learned in hat Navy TO which ! belonged Sir, the
magnanmty Of heart that could never asperse mo- |
lives. learned in that Navy to hold dear the kindly
feelings of my nature Ii ] had been called on TO /
preside over a bank, would not have turned upon il |
and rent in the days of its adversely Mr. II then
alluded to several acts Of Mr. Cs life. IAnother ex-
plonation Mr.. III. softened down at the mention OF (
Mr.. C's brother and thus much 10 the relief of every
h,a .l,oc~ ,fofia raoftla Cd