Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-09-27

Tho bill for the issue OF Treasury
notes having been postponed to this
day, in order to give Mr.. CALHOUN al
opportunity of preparing an amendment
and of offering his sentiments generai'y
Upon the subject, was now restuneo oy
the Senate.
Mr.. CALHOUN then rose and address
sed the Senate in a speech, occupying
between one and two hours.
On concluding his speech, Mr.. Cal.
houn submitted his Amendment, winch
nrovided that from and after the first
of January next three-fouFths OF the
money due TO the Government may be
paid IN notes Of specie paying banks !;
that from and after the lst OF January,
1889, one.half might be paid in such
notes one quarter after the LIST OF ia.
nuary, 1910 and that from aud after
the LIST Of January, l54l, al sums due
the government for customs, lands, &c.
shall be paid only in the legal curren-
cy of the u. States, or in such notes,
bills, &c. as should by law be ordered.
Mr.. WEBSTER rose, and inquired OF
Mr.. c. to what bill it was proposed to
make this mn amendment.
Mr.. BENTON replied, to one called
the divorce bill between the Govern
ment and the banks, which he said was
Just ahead.
Mr.. BENTON, after expressing his
entire concurrence in the amendment
of Mr.. Calhoun, sent to the Chair two
amendments Of his own, which he said
comprised the substance of the bill m
troduced by him two years ago, 10
re. establish the constitutional currency
of the country" His first amendment
provides that, after day to be specltl.
ed, all the public dues should be PAID
in gold and silver only, and in lreasu-
ry notes and land scrip, as might by
law be authorized and the second pro.
vides that after the resumption of spe
sic payments by the banks, the Trea-
sury should begin with specie pay
ments.
These amendments, together with
Mr.. Calhoun's, were ordered to be
printed.
Mr.. CALHOUN rose to move that the
bill be so amended as to prevent the al
iowance of interest on the notes to be
issued by the Treasury, bat yielded the
floor 10
Mr.. WALKER, who said he had all
along intended to offer similar amend
mont, and would now (by leave OF Mr..
c. do so. Mr.. w. then proceeded to
argue in support Of bis amendment at
length.
After a discussion between MessrS.
Wright, Calhoun, King, OF Ga, Web
ster, and Walker, the latter gentleman
his motion so as to reduce the
maximum interest Of SIX per cent. pro
posed to be authorized, to three per
cent; and,
The question being taken, the amend-
ment was rejected, as follows; Yeas
6, Nays 40.
The bill was then ordered to be en-
crossed and read third time by the
vote Yeas A., Nays ,.
The bill extending the time for the
payment of Merchants Revenue bonds
was next taken up.
Mr.. SEWER called for the yeas and
nays on the question, which were or
dcred, and it was carried in the athr-
native Ayes A, Noes l-Mf. Sewer
only voting in the negative.
So the bill was ordered to be engros.
sed for third reading.
The bill for adjusting the remaining
claims on the late deposlto banks was
next taken up, on motion of Mr.. Walk
et. The bill was SO amended as to
extend the periods of two, five, and |
eight months, to four, six, and nine
months, respectively, and It was then
ordered to be engrossed for third
The Senate then proceeded to con-
slider. as in Committee of the Whole,
The bill to authorize merchandise to be
deposited in the public stores, and for
other purposes which, after a short
debate, was postponed till Monday.