Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-17
. svanpy-aOuraia GUaasa.esy--.ses "a =,
SPEECH OF Mr. WEBS1ER.es AIass.cHusE,,s.
IL SGnGie. Dec q. lS::&i IN liz Soccie Circuiar

IT,
Resolrtd By he Senate aadilouse Of REPRESENTATIVES
&c, That The Treasury orda,ot The Illh day of JAW
Anno Hon'ni ore thousand eight hundred and thru y
sIx designating the funds which should be receivable
in payment Tor public lands be, aud The same s her
reSclnc,'d.
RcSorad aso, That il shall be la f for Tie $.
rotary OF The Treasury 10 delegate to any person. or .
any corPo'ation the power of directing what funds 81
b" receivable for Customs, for the public lands ,r
shall he make any Discrimination in the funds ree v
abb, between different individuals between III, III.
! trrrnt branches Of the public revenue
hlr. WEBSTER addressed tbs Senate as follows:
MI. IEfSiDEST The power of diSposng Of this rli-
rorant subject is in the hands Of gentlemen, both lrle
and esr" n re- who are not i."y to BE- influence, "
any opinions Of mine have 10 motive therefore, !or
addrrs=i". tic Senae. but TO discharge public d4iy,
aud 10 fulfil the expectations Of Those who look to l,.
f opposition, whether avlilin unayaing to wh;,
ever b iicTe t" BE- illegal in furious The public
tess IN both these respects, the Treasury oIdcr &c
t''r TIA ii iny appears to Objectionable tn *
it n"' warranted By aw aud think it also practica'y
prjndc al think it has contributed little ne
pccun'a'y difficulties under winch the whole country
HIS becn ana sill is. labnrng: and that II, direct
on one rariicuiar part q" ii" c"u:try is still more dc =.
DIV and severely un:avorabir
The Treasury order, or Treasury Circular of IT,. !!
Of july last, is addressed By tn Secretary to the rec
srs Il" public money, and to tir deppsilc banks IT,
strur Ties" receivers and Ties" banks. aicr the l cy
RI august Hcn mIt IL reccirt pGgnrHt ct Mc r., t
h'~ds nr!"g except rhot is di,ecrdty eI<tiHg ::
g"id HHd Str'r, Hnd az tie pIrpCr cdSrS, IirniRia a
scrip: prorhtd, that I'LL The l"M IF December McnEt.
Mc snmc l"dngcHre hcntetDrc trCnded IN tie ki"I f
nanny r.cTirsa, may be coniinuca for Hay quanti;a +
hnG not rrct'dins j2J ncr' cach purchaser rhO
0rOai s|fher tOna fe resiG,at IN The S:atc phrc 2
safes isadt.
Tie exception in favor of Virginia scripts loundcl n
p'''t%ua: act OF Congress, AID makes part Of :e
%"t"tal question: Il Is not necessary, therefore, to = t
farther /" that exception. The Substance cf the gene
IA" INSTRUCTION is, that Rotkjn" int gcd and siirer l
he 'tcrr'd an p0ymeh for puhic nndS; provided, 49,
ever at actual settlers and t9n" fdc residents in tie
Stairs here the sales made may pnrr base in qua
tiirS hot exceeding go EACH and be Above
pay rs heretofore. But tbs precision limited IL IL.
lam d@y oi IEctntcr: which ,'as now passed; so l
~ virtue o. this order, gold and silver rcqr...
81 al purchasers: and fer all qua mites
! '':i "'iy glad that resnu!n rcscnd this
has bee" 'hlS eaiiy introduced; and am glad, too,
"' T''s"uin'm is l. BE- opposed, that opposition IL
cary, III bold, uHvqulvrCal, and drciGd form. iIi.
ORDER seems is 10 be defended being both "g4! aai
u+-in!. Let lis d,rncc, then. be- made
III" t"no'"'" ,:irn!hcr i,n; Missouri (Mr Benz toni
"R"cls even TO giving thu resolution 10 scInd n d
It ad!ng lie ar1j himself 81 his right though J! 10
f"l a:cr:jrs to general pract t, to the
at It's list stage. This, AT least, is open bold and
Is warfare.
Ire i'n,:a3i" giGn"r his elaborate spe ech foTn's
ms "ppnnM 10 THIS frsutc:,. aud his support Of s.
Treasury ",d'r, on h1sc general principles respcc"g
currency, "ich ire Is known 10 entertain, and w..scn
he las maintained Tor many years. Ills opinions
&" Us regard MS altogether ultra and mpraciicabc; ,,
"c!" piaccabr, aud. il desiiab!r being tar
bry"nd TN" power of this Government 10 bring aJo'.
he honorabc IHember has iIanitesed much rr,.y.
veralc" and abundant labor, ttust undoubtedly. -
ror 81 his opinions: he is und stood also, TO hay" =.
c"nne"a!cc from high places; and what new hop i
success the present l@nIct h. Ids out L. him, AM TT
abb, To judge bat shall probably 1t is -c
fj$ely ;.ssr general and LEM known opinions tia
therefore, Is at :,iiElLe Tr"aaHry order. question,
pt...a:p., and opinions on TIL SGren Tie gentlenhs
aHI tie principles aud opinI"r5 whcP Tie curf''y'
prevailed III the country, and Which are, ana sehc!"!y
entirely opposite 10 his. That question is abjG'
b" PIT: - Tie vote Of the Seua'' I'm the progress, nd
b. The termination Of this d. CusSion, shall an
whether the grnrmans sentiments ale, are n'l. 10
rcva 50 far at least, as the Senate is CONCERN -
The country will re- )lce, sure, to so'Ee d"'-
ration "i the opinions OF Con. subject ao"nt
which much has been said I'D which is SO we'll 'i!-
cuhtrG by its perpetual agila,o TO disqulct and tiS-
tG'b ;I:c Confidence of society.
We are now ias. approaching the day when one ~.
ni'nS;Taon goes ou Of Office and another is 10
iii The coullTy has an interest in learning
possible whether the new administration, while i -"
Gives the power ad patronage" is TO inherit, alSc. hs
topics, aud the PROJECTS OF the past whether it is TO Is
up HE aru%ai ui tine SANG oi"cS ami the sChcI
especially in regard to the currency. The order oil me
SrcrcinIy Is prospective and, the face OF IT, prrpr'"
Nothing 81 u: about ii gives it The least appearance "
e.EHr1ry On the Contrary lis 'rrIn$ ir 80
mElar;n III point Of duralnu, and the gradual mrIN,r
in which il is to come into operation Shows plainly
nt'nInp 81" making 1t the settled and permanent p".icy
Ui Government Indeed, IT Is but now beginning -
complete existence IL is only five days since 10
fail operation has conl;nenced Is it to sand as the :"
q! The land and the rule OF the Treasury, under the H.
minist!a;irn which is 10 cnsue: AnG those no.;
81 exclusive specie CURRENCY and opposition IL all
banks which II is defended, tn be cspom:cd and man.
a!!rd by The administrator, the nave Dcrn ~
lis p'cdrc rs*or: THESE qucstions not If ri
riuSy. INT OF the highest interest to the whole T.
In considering this order, tie first thing nalul- -
to luok for the causes whch led 10 IT, or are assiysm'
H., Tho rSf
ITSELF declared 10 be "con:p plants which have l. u
,a,c Of frauds spccuatlons AID nonopolles in the
chase Of The public lands, and the aid which Is SAID |" c
gwen 10 elect these obi ecs by excessive bank credits,
and dangerous; If not partial, facilities through hnuh
drafts aud bank depostrs, and the general evil influence
likely IL Jesuit 10 the public interest," and especially ne
safely Of tie great amount OF money IN the lreascEY,
and lie sound condition of the currency Of the cuuy,
lruul lhr further exchange OF the national doman n
hs manner, and chiefly bank credits and paper
nty.
This is Tie catalogue of evils 10 be cured by this Orr.
In what these frauds consist, what Tie monUp".es
planned OF, What is precisely intended by t!csc
injurious specuations we not informed. All is irt
The general suInlse OF fraud speculation and EHn"-
poly. 1t is not avUwcd or nlnlaed: that the Gov IL
ncnt has sustained any loss, either by the recci oi
bank notes, which proved not To be equivalent to s-
Gle, other And IT Is not little rem IL
able that these evils Of fraud speculation and mono'y
should nave brcune enormous and SO notorious. 'h
the ll Of July, require this Executive l''ri-
ference for their suppression, and yet that they s'
not have reached such height as 10 hiaHe ~ proper
to lay tie subject before Congress- athouSh Ions!l' .
remained in session until wlIin seven days oil he
J,e Of HE order And what makes this circumstance
still ncrr remarkable, is the TACT that in his annual m"s-
s,.e al the conll vi the same session. the Pr l.
in, L, suokcu Of the rapid sales Of the public LAND as
ne Of The mos, gratifying proofs Of the general proe
y Of The country, without suggesting that any dar
whatever was to be apprehenrcd from fraud specua-
! ,,, o, monovoy. His words were: "Among the VI
dynees oi rhe increasing prosperity of tie country, IT
The least gratifying is that afforded by the receipts lnr
the sales Of the public lands, which amount TO the
pcc,ed sum OF 81 G9U 900" From the time OF the de-
livery Of Ina. message down The date Of the Treasury