Southern telegraph., 1837-10-10

Vate cons iitAtloAs 4t' iNNo iNpeASe ua'
charge with great warmth, and retorted up
on the party To- which Niles belongs, the
accusation of being ruled and managed by
private consultations and aTangomont.-
The Virginia Senator then asSailed the
Committee and their bills, with an energy
and spirit, which really never thought
he could display. lie told Niles and
Wright that the expectations of his consil'-
uen,s were very different from what APP
peared to be looked for 10y theirs. "My
constitutes he exclaimed in high tones,
"sent me here to promote measures "o'
for the relief of the Government, but Tor the
relief of the people; and for the benefit OF
the Government, bnly so far as IT constitutes
a part of the people. And, sir, | must say
| see not one solitary measure among those
renorted by the committee, that has ten
dency to relieve the people" Mr. Rlves
emphaticaIly declared that il no one else
would bring forward a measure of relief for
The people, he would do it; and for one he
was ready to take the oath once taken by
the National Assembly Of France, never to
dispersc until some great measure for the
public good was accomplished.
Mr.. Calhoun expressed his regret that
the only principles in the Presidents Mes
sage which could give character the bills
that had been reported, were entirely I'M
touched, and apparently unseen by the com
mitee. lie declared that the measures
which had been brought forward, amounted
to--NoruING.
Mr. Blchanan offered an amendment
which was adopted, tho effect of which Is t"
deprive the Secretary of the Treasury OF
the power of calling back the three install
ments of the deposits to the States, and in
vest it exclusively in Congress.
SEPT. l5--In the Senate, the bill with
holding from the States the 4th nstalment
of the public revenue, was taken up and
passed
The Bill authsrizng the issuing of Trca.
surv notes was taken up. The amount il
limited to Ten Millions Of Dollars'
Mr.. Clay asked Mr. Wright whether the
Government intended to use the money nov
on deposie in the several State Banks, il
the notes which those banks could furnish
or whether it was intended not to use an
oft unless payable in specie2 Mr.. Wrigt
replied that the Government would acceF
of nothing but specie. "'Then," said Nj
Clay, "it comes to this. We have passed
bill to take money ont of the possession
the States which can use il, and put it I'M
the hands Of the Government which cdnn'
use it; and the result of all the promise
of a "botter currcncy'-of goId--gold-
metaI--metal--is the issuance of an add
tionaI ten millions of paper money!!w
In the House, the day was consumed G
the merchants bond bill.
SEPTEMBER IS-In the Senate, Mr.. Bel
ton presented his gold bill.
Mr.. Rives is said to have made brillia
effort in the Senate-touching upon ii
general condition Of the currency, and tE
obligations of The Government to adopt SON
plan 70; the relief of the people. He pr
poses an entire reconstruction of the Stat
Banking system. HIS bill proposes to r
strict the issues Of all Banks whose monte
E are receivable in payment cfpublc dues
$50 bills The time given TO effect this
, up to 1871. All banks that expect to has
| their notes taken in payment of revenr
must resume specie payment by Jannal
, next, or forever after be incapacitated frot
> the enjoyment of that advantage. This bi
, is offered as n substitute for the President
, Sub Treasury scheme.
In the House, Mr.. Garland, of Virgins
, has introduced bill essentially the sam
as that brought forward by Mr.. Rives in til
, Senate, in relation to the remodeling of tn
State Bank system,
SEPT 20-In the Senate the bills gran
ing 8 months further time on merchant
bonds, and 4, 6 and 0 months to the deposit
banks for settling with the government,hav
passed.
The House was taken up in the consdC
ration of the Postponemcnt Opposite Ac
Mr.. Cambreling made lengthy speech i
favor of the measure, and in defence of tn
party in general.
In this short compilation of the proceed
ings of Congress, we are much indebted t
the able correspondent of the Baltimore Pat
riot, whose language we have adopted II
some instances. An interesting letter from
In z..... .s,,.,. ,.,ll L. =. l