The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-10-12
HOUSE OF REPREsENTATIyE
r EVENING SESSION.


MONDAY, October9.
The House met after the recess, and resumed the
consideration of,hc bill authorising the issue of
TREASURY NOTES
Messrs. GHOLSON and CURTIS addressed the
House the subject and the question being then taken
o the amendment offered to by Mr. UNDERWOOD,
it rejected yeas 95, nays 100
Mr. ROBERTSON offered several amendments,
which rejected ..
Mr.. SOUTHGATE moved to amend the bill
to make the lowest denomination Of Treasury notes fifty
dollars, instead Of one hundred.
Mr. LEGARE hoped the gentleman would consent
to modify his amendment by inserting S25 instead Of
$50 He stated of hardship which had occurred
in Alabama, in support Of the suggestion.
Mr. JONES' Of Virginia, protested against the amend.
ment, and demanded the yeas and nays
Mr. WISE said that If we to have Govern
ment paper currency, he for bringing down the de-
nominations Of the notes not only to SO dollars, but
to IS and to ST. Let the laborcr have the bene
fit, if there any, well the capitalist and the
arstocrat he hoped the democrats Of the democracy
Of numbers would unite with him in giving the advan
tagc of this new moneyto the bone and slnew" Of the
country.
Mr. CAMBRELENG objected to making the de-
nomination less than 500 He protcstc1 against max
ing the credit of the Government currency
Mr. WHITTLESEY advcrted to the law which
abed poor man to enter Of forty Of land
ship Of deprvng such settler Of the benefit OF paying
for his land in Government currency, and compelling
him pay down the gold and silver under the specie
circular while the wealthy speculaor could pay in Tlea
sury notes If the gentleman from New York would
come to the west and advance such doctrine, he
would soon have such convincing arguments replied to
him as would quickly work change Of opnion in him
on this point
Mr.. SOUTHGATE modified his amendment
insert S25, instead Of 800, the lowest amount Of
any Treasury note. FAKE Il a-ss .s~
This amendment rejected by yeas and nays, as
follows: Yeas 80, nays 1870. t.t ."
Mr.. SOUTHGAIE then moved to insert $50, in
place of 500, as the lowest amount.
The yeas and nays being taken upon this motion Of
Mr. S stood as follows Yeas l4l, naysSl.
So the amendment was agreed to. '~".
Mr. MERCER moved to amend the amendment by
striking out the word ten before " millions" and
inserting seven" 10 make the issue of Treasury
notes seven millions. .,'
The motion negativcd by yeas and nays, as fol-
lows Yeas l02, nays 1911
Mr., LEGARE moved to amend the bill as to re-
duce the maximum Of interest upon the Treasury notes
from six per cent. to two per cent. y.
This motion was ncgatived Yeas 81 nays l27.
Mr. RiIETT moved to rccommt the bill to the Com
mtee OF Ways and Means with instructions to report
bill in conformity with the amendments he had pro-
posed but the motion was rejected without count
The question then recurring on agreeing with the
COMMITTEE of the Whole the state Of the Union in
the whole amendments to the bill amended (bcing
substitution of the House bill, as amended by Mr..
SourHGsTE's motion, for the Seuatc's billy il de-
cded by yeas and nays, follows Yeas 49, nays 80
The question being then ordering the bill to a
third reading, it was decided by yeas and nays as fol-
lows: 1... .
YEAS--Messrs. Anderson. Andrews, Anterior,
Beatty, Berne, Bicknell, Birdsa Boon Borden Boul-
den Brodhead Bronson, Bruyn, Buchanan, Bynum.
John Calhoun, Camhreeng, John Campbell, Timothy
Carter CLANCY, Chapman, Cilley, Claiborne, Clark
Cleveland, Coles, Connor, Craig, Crary, Cushman,