Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-01-20
Mr. L. here traced the passage Of such a

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bill as this 10 its probable consequence.
He supposed The case Of an Individual 10
Pennsylvania. or in Connecticut engaged
in manufactures, the cost oil whose buildings
and fixtures has been ten thousand dollars
upon which Ia common easel there was a.
mortgage for one-haIf the cost. To pay or
this mortgage, when his employment for his
machinery fails, his property is sold Who
BUYS It Is il the poor men who purchases
in such cases Not at all but he who
has redundant capital. What is now the
case, Mr. l.. asked. in those paris OF the coun-
Try where pecuniary pressure Is iel'F 20
into your cities, and you will find that the
men who have small or middling prop
ety are paying at the rate OF from 10 to ~
per cent per annum for money Who is 1t
that is reaping the profit 2 is il the poor
man No, sir, il is the rich capitalist. or
those who are allowed to use his capital. II
there was ever system devised on earth 10
throw the property of the country into the
hands of the few at the expense otthe many,
il is the present financial system Of the u.
States. | know it. sir, and ! am willing
that my judgment Of the matter shall go TO
the country, for every practical man will
know that what say is true. Ay. sir. the
bill on your table goesio much further
lextent than this, for is reaches The labor Of
the country. In one month after the pas
sage Of this bill. the business Of every
manufacturer and dealer in the country will
be contracted Ii is not the largest capital
lists, protected by his money-bags. who will
feel its direct effects, but the laborer-the
mechanic. who now gets two dollars or two
dollars and half day. To him the en-
ployer says. on receiving information OF the
passage OF this bill. must stop my work
oh, no says the laborer. for you will take
from me my means Of support. Well, says
the employer. will, in order to keep you at
work. give you henceforih dollar day in.
stead OF what have heretofore given you.
Gentlemen may halter themselves that they
are exempt from the operations Of this bill ;
but no man, whatever his condition in life
may be, is beyond the delelerious effects OF
this bill il il becomes law. MIR L. was
sure. he said, that the Representatives from
the Western States, or from the Southern,
were not going for the bill The Repre-
sen,aiivcs from the Southern States, especial
Is would not go for it when the profits oil
their cotton crops were already in process
Of reduction; for, although be knew that
the crop Of this year was large one. the
proceeds Of that crop will fall short of the
proceeds OF the crop Of last year.
Mr. L. said il was not only TO protest a.
gainst the principles Of this bill that be had
risen, but 10 ask Of the gentlemen in this
House who have the power to do what they
will---to pass this bill. or to defeat it-wheth-
er this bill was to be.considered as procla-
nation issued by the present dynasty in the
Government or as q decisive token Of the
course Of measures which we have 10 ex-
pect at the bands Of the coming adminisira-
ton. For. he did not hesitate to say, if il
is produced as a party measure. il will be-
come the law Of the land; but. il not. BY
the aid of the Representatives of Pennsyl-
yania. New Hampshire, Ohio, and Maine.
whose constituents were so deeply interested
in the matter. with those from Of least por-
ton Of the South, the bill might proyiden.
TALLY be defeated. But, be that as It might,
il was the imperative duty OF the House TO
declare 10 the country, at once. Immediately,
whether or not il was probable that any bill
like this would pass during the present Con-
gress, SC.
AZ Tue pcuate, Vu iuuisuu), jan *, tue
business Of the Senate was Of little general
interest MIR Calhoun's new DErosIrs bill
was, after debate, assigned for next Thurs
day.
Mr. Ewing's Pubic LAND bill was post
poned TO Monday, l,his duy) when j, was
expected that gentleman would be in his seat
again.
The ExPuseINo resolution was further
debated, when Mr. Criitenden oil Kentucky
gave Mr. Benton some home thrusls.
The resolution offered by Mr. Walker on
the subject of TEXAS, was taken up, and
postponedil Wednesday next, and made the
special order for that day
In the House, some movements and inqui-
ries were made in relation to the misconduct
Of the pilots of New York, with the view Of
correcting it.
THE TARIFF
The House resumed the consideration Of
the bill to reduce the revenue OF the u. S.
to the wants Of the government there be-
ing two motions pending. one for commit
ment. and the other for indefinite postpone
ment
MIR Corwin OF Ohio, addressed The House
for an hour and half in strong opposition
10 the provisions Of the bill, and the princi-
Piles promulgated in the Report.
Mr. Cushman, Of ~ Fl. supported the bill
and the principles Of the Report.
Mr. Galbraith, of Pennsylvania, with a
view to give time for better consideration
OF the Bill and Report, moved TO postpone
The further consideration OF the subject until
Tuesday next and that the Bill and Renort