The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-10-18

Business of the SessiOn.--The interest as
to the important me asures Of public policy
is transferred from the Senate 10 The House
of Representatives. Every question (save
that of postpnnement of n deposile with The
States of a surplus which does not exist in
the Treasury is now before the House
The opposition have resolved to make war
on all the measures that passed the Senate.
Their object is agitation. They perceive
that if the recommendations of The Message,
as embodied in bills, and sanctioned by the
Senate, should become laws, quiet will
be restored to the country, and that the
pecuniary affairs of banks and individuals,
separated from politics, will at once fall in-
to their natural channels, and pursue that
even tenor which leads to prosperity, when
uninterrupted by party conflicts. Seeing
this, the opposition have resolved to fight
down, by long speaking, every proposition
calculated to produce, this favorable result
The Treasury Note bill, which received al
most the unanimous vote of the Senate,
There were only five dissen,Ients,) has been
for days, and is sill, the subject of violent
federal oppugnation in the House. 1t is
connected with every measure of relief that
has been proposed in either branch of Con-
gress. 1t is a measure designed to enable
Government to convert is credit into the
means of raising ten millions of money to
meet the demands of the creditors of the
Treasury, while time is given to merchants
TO pay their duty bonds-lhe banks to pay
their deposites-and the customers OF both
the banks and merchants, an opportunity
to raise the means of meeting their engage
meDts to their creditors. 1t is in this way
that the Government, as far as it is cred
itor, endeavors to relieve the pressure on
every class of society; and yet the effort is
furiously opposed by that very party most
clam0rously crying out for relief from
Maine to Georgia, and throughout the val
ley of the Mississippi, fiom the Gulf to the
Lake of the Woods Until these relief
patriots discovered that the bills which had
passed-untIl they found that their predc-
dIctIons, that no good would come of any
thing that was proposed, would not be veri-
fed, that were perfectly willing that what
their suffering friends so eagerly asked,
might he extended to them. But the mo-
ment they saw that the passage OF the bills
IN one branch had the instaneous effect to
make the money market easy, and impart
activity to business, that moment they chan
ged their plans of operation. They de-
termined to oppose every thing-even those
to which their leading men in the Senate
had given their sanction. And now their
effort will be to speak away the remaining
week of the session, and so Defeat by in
direction, what they cannot successfully
combat in fair parliamentary course.
If the banks and the Government are
all specula,ions upon Legislation
will be at an end. Corporations and in
will have their means in their own
hands; and the pnltIcal influence which
has hitherto interposed to shake the bal
,nce of trade, being Withdrawn, a new era
will instantly commence. We will venture
% predict las Mr.. Biddle did about the !
Specie circular) that in twenty-four hours
'fter the divorce of the banks and the State
hat the reign of peace will commence in |
his distracted country.--Giobe.