The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-09-27
EXTRA SESSION OF THE TWENTY
FIFTH CONGRESS.
sENATE-Mondav. Sent. 18Th,


Messrs. Rugges Of Maine, and Mexican
of Pa, presented memorials demonstrating g
against the annexation Of Texas to the I'm.
ion. Laid on the table.
TREASURY NOTES BILL.
The bill providing for the issue of Trens-
ury notes was then taken up.
Mr. Calhoun rose and made an elaborate
exposition of his views. lie said the ques-
ton is, :" Shall the government use the
banks as fiscal agents as repositories of
the public llinds--and shall it receive their
notes as specie f' He had come to the
conclusion that the interest Of the banks
and government forbid reunion.
He believed the connection was of little
value to the banks in most parts Of the
country. lie knew it was SO regarded in
South Carolina; and the advantage as en-
joyed by other places is an advantage une-
quail, and contrary to the genius of our in
s,itutions.
He referred to his amendment. lie said
the object of it was to produce n gradual
reform.
After the frs! of January next, three
fourths of the psblic dues may be paid in
the notes of specie-pa banks after the
first of January, 1889, one-half and after
the lst of January, IS4O, one-fourth, and
after that the whole revenue Of the govern
ment shall be collected p the constitutional
currcncy-gold and slver-or such notes
and such bills or paper issued under the
government, rs the laws shall authorize to
be issued.
The question on this amendment would
test the determination of the administration.
IL would be carried ir the administration n
chose-.if they opposed it, he knew his
course.
Mr. Calhoun then offered his amend
mcnt which the substance is given above I;
but at the suggestion of several senators he
Withdrew ii, aud said he would annex it TO
be bill imposing duties on certain public
officers, as repositories, (the divorce bill as
Benton called it.) The amendment was
ordered to be printed. Mr.. Benton said he
would, when TINT bill came up, offer an
amendment TO accomplish the same object
in different way.
Mr.. Benton then entered into an clabor-
ate defence of tho general provisions Of the
measure.
Mr.. Walker opposed the clause that pro-
poses that the notes shall bear interest and
moved to strike it out.
The question was then taken on this mo-
ton, and decided in the negative, by yeas
g, nays 40.
The bill was then ordered to third read
ing, by yeas 43 nays 3.
The bill to extend the time Of payment Of
duty bond, 10 nine months, was after some
debate, agreed TO, yeas A, nays /.
| The bill to adjust the remaining claims
of the DeposI'e Banks, was agreed to.
The bill to authorisc merchandise TO be
deposited IN the public stores, was also
passed.
The Senate then adjourned.
HOUSE OF REPRESENTATIVES.
Mr.. Cambreleng, from the Committee on
Finance, reported without amendment, the
Senate bill for revoking charters Of the Dis
trici Banks, &c. Also, on leave, bill to
appropriate the sum of 81 600, 900 for sup
pressing Indian hostlllties in Florida.
Mr.. J. Garland offered project, as a
substitute for tina, reported by the commit
tee on Finance which was ordered to be
printed 1t proposes the receipt of in pay
mcnt Of public dues, notes of specie paying
banks, and the employment of such bank.
as repositories Of the government under
certain restrictions.
Postponement ofthe Distribution Bill
The bill to postpone the transfer of tn,
fourth inslalment of The surplus revenue
was taken up. On the question of the Sc
cond reading.
MIR. Dawson moved its postponemcnt
until further information could be had.
Alter some remarks the House adjourn
ed.