Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-01-02

-, - $500 -
The Senate had hcen told by the gcntleman'
from, kenlueky iNr. Clay that the faith OF th1
nation stood pledged 10 preserve that bill inviol"se~
But thai bill declared, in tho most express terms,
tlai tt,e reduction of the revenue was not to be
made by d, posting 1t with the Statrs--that was
no feature OF the compromise, but BY a reduction
of duties. He had asceriained that the reduction
WHICH his plan would effect would amount 70 thrss
millions of dollars. Deduct this from the eight
millions derived iron, Tho sal. of public lands to
actual settlers, and il would leave five millions OF
d,llars. heine in>t the amount which the Sonator
from South Carolina had thought IL was proper to
retain as an unexr-nded balance in the Fressurs =.
Mr.. W. insisted on his mutton for referring the bill
10 the C%o,nmitlrr On Finance,
Mr.. CALHOUN r"ioined and explained, with
i view 10 show thai the case OF which the gentle
NAN from Mississippi conipll iued was not parallel
IL the present, aud still insisted o, the rropricty
oi allowing him special committee. II, however.
thu Senate ,huuni1 resolvr To send this bill 10 tbs
tonuiiiee on flnancr, le sllsud not Ie al a La-~
IL understand lie movements. lie had road The
President. mes.as. nttcnuv,lv. II was ah ezra
ordinary document. lie had Rad with no hess
care tn rrI,or. Of tho Secretary Of the freusnvy
llar, Too, W., an eNtraorainarv document. The
terlAal had suggested san,e SuNpicions To his mind;
and slloull thu present bill be sent To tho
finance c1n,milir, those sIspicionS would In
fully confirmed Such II metSurs would 70 lar TO
convince hi Tia, tho policy "f the Adminisira--
lion was agreed upon, AMI lhht II wanld be 10 make
II denomination IN n reduction ui tho ieson"e,.
but, in fact, In leave ltiat rrtcnur in ll, de-
po,ite banks. The end of this session was
mi lar oil, aal that would tell whether he we're
not correct in hi, opinion. lie would row, in his
turn, venture to become a prophet, and Inc would
predict dat, It the present molten Succeeded, that
very Tim which the Pres dent in his mcssag, had
INNS, 1,si1.lIt f,n1putppl wuuI1 lr llc thing net
oailY realized. Notwithstanding lie Presidents
imposition 10 the collecting Of te Surplus revenue,
an all he had said On rs tendency 10 pron,oto
speculation and corrupt the public morals, that was
ihu thing " lich would be- done. liz Was sorry h.
did mol Sc lir Senator from n. \. (Mr. WnIcur)
N his place. On tlat gentleman, peculiarly, lays
the obligation Ia provide iol the rcdncipn ol the
re,cnmD. Mr.. &. well know the difficulty of
touching hi, sihieci. He had himself had a full
aud snliol tritl of that operalion. He knew iba
rlforl, by which HE existing reduction bad been
effected, and he felt very sure HAT the Senator from
\. \ ntk could not be s|aneuiuo IA the cApectation
Of etic,tine a reduction OF any ctcdt amount. lia
had heard much said in private oo that subject,
and he could mol but feeeri 'ha, he President.
when ~nllaiiHe 10 II ia his message, la not referr,.i
Ia Tie difficulties attending It. Nj. G.. thought he
saw how things were 10 90, and hu thus openly
announced vlal lis conviction was. He believed
nothing would be done To reduce the revenue;
dat the money " nd still be left. not where ii
ought IN be found, in the ittisufles oil tho States,
bat Ia lhr dcposiie banks.
Iftl.e Finance Committee wonl report an a,Ie-
,,,,, ,,ln,,;,, az ,l, r,y,,uc Ar e ,,,lJ c,,-
.,,r, T., Withdraw In nm H., L.,lJ ,,Gnit.iv
,r.f,, - ,.d,cton /, = disrilution. ur,yided IN.
,'la,., .a,ll H., 1,n. +, :. uu,n,i,fI. ,L,. S,,,h
cl,u7,.l In, ,x.tn,i,, of,h, c,,m,roniso hill . +,
l,,d -, onl. eI,.ed , L,,, and n,inl,I ,,nl,oversx.
lm, b.l .n.hL,l no., r., o,.,l :, s,,,. f,elI, s,.nj
,n,i,., ,b, ,r.,,,.. -, Ex.,,ti>.. influence. Ia
.a,,l,1.d n, n,,Y;,, f,r , s,,rial COMMITTEES.
NJ, RlNFS vas in f,vot of referring the bin IL,
tho rn,no,;,t,e ~, Finance. lnt =, The Senator from
,a,,h g .,ol,, ro,,id.rsa the denial of n sn.c;al
cou,ni,ter a, inYol,iro ,on,e wanl IL courtesy. no
,,n,lI tat, ,h, can, III 9,,iion, ubeI, led linn 10 tho
,a,.lo.,,n ,ba, fh,, u,nlI h., In, pfopcr commits.
ma. III, S.,,,,, himself had ,,nl ma, yr,ter-
do ,b,, tho C,n,;ttcc ON Finance WAS The conn
,,,,,,. r., uyl,,,, tho cr,;r,, snh;n,t NJ the reduction
of ,m, r.y,n,c sn.ci,lIv h.Iuno,I TN, Senator
AL ,nt,,,J inn, ,1lrul,,i,, TO show that there
Womb IN, = ,n,plu, in the Treasury al the com
mrncement Of the year. and ON thi, he grounded
Lns bll. I'll, question. therefore,, at the root Of
n, ,yh,t. n,n,t, r was. whether lher. would be such
.rr,lo.. THIS IA, 4 o,e,,ion which obvion.ly
,.,,,in,d to the Finance Committee. The gen
,,l,,,,n ,.li,,,nc hims,Ir fran every thing Ike q
nL,I.c ~ sh,1, IL III, n,oyi,ious OF the compro-
,,ui.o ,r, .xnressoI his sr,n, prel, renee of a m.
1uc,;n,' =, ,he revenu. +, IL distribution bu, tho
anesti,n vhe,b,r !, could safely bc reduced Ger.
I''FH''h' ''''