The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-21

The frequent difficulties vhish occurred IN tho settle
suvy He was MOI Disposed o lsy too heavy trial on
hunaD n6nny, a. 10 leave depostes Of great magni.
tude in the hands or indsidusI The bill which had
now passed. but the germ OF an immense maehi-
merry which would spread over the land When nc
lived ia France, he understood, that under the Sub
Treasury system there. 100000 persons were employ
ed This was the grain Of mustard seed--the smallest
OF all seedswhich would grow ny and become large
tree, whose branches would oyershadOw the land aud
the birds OF the she could say the birds OF prey
would take shelter therein. He had no doubt that
this system would ultimately become hank OF such
character as would provoke the people to call for Ma
tional Bank. disconnected with the Government,
Dselaning any personal pecunary interest 10 any
bank; owing nothing 10 any, owning no share ~ any,
and having friend who held any considerable interest
in any, he called the Senate and the country TO ere
dit the purity OF his motives. He invited gentlemen,
who desired gold currency, 70 unite with him. 70 get
that currency for all under 20 dollars, before they
went any further. He thought there was common
ground in this bill which all might stand, and carry
out their patriotic views
Leave was then given TO introduce the bill, which
was read first time and ordered 10 second reading
Mr. BENTON laid on the table statements, made out
by the Secretary, OF the exports and Imports Of specie
and the amount Of coinage which were ordered to be
printed
The VICE PRESIDENT laid before ihe Senate
communications from the War Department. ON the sub
ject Of re-srms, and examination Of Major tarkes
foundry.
On motion Of
Mr. HUBBARD. the Senate proceeded to the con-
sderation Of Executive business and when the doors
re-opened
The Senate adjourned.
WEDNESDAY. Sept. 20.
Mr. SWIFT presented several memorials from Yer
mont demonstrating against the annexation Of TEXAS
Mr. NILES presented similar memorials from Con-
necticut.
Mr. WALL presented similar memorials from New
Jersey,
Mr. WRIGHT, from the Committee on Finance, re-
ported bill TO remit the duties certain goods de-
soyed by FIRE, which read and ordered 70 second
reading.
IThe bill appoints commissioners to ascertain what
Goods were DESTROYED or damaged. Testimony to be
taken on OATH and claims be presented within -four
months The commissioners report to the Secretary
of the Treasury for his decision and receive at The
rate Of not than 2.OO0 dollars per annnm,
The resolution offered by Mr.. WALKER, directing
the Committee Commerce to act 10 reference 10
making vicksburg and Grand Guph ports of entry, was
| laid on the table.
| The resoIotion offered BY Mr. CLAY, Of Alabama,
requiring information the subject Of the public lssds,
agreed to-
bill imposing additional duties. as repositories Of
the public money on certain officers, read second
| time t1s
Mr.. CALHOUN moved to amend the bill by intro
ducing section containing the principle which he had
already stated the Senate and asked for the yeas and
nays, which were ordered. vi.
| Mr. WRIGHT suggested modification, which was
| accepted by the SeEalor from South Carolina.
The amendment modified reads thus
SEC. -. And be IL further enacted, That from and
after the LIST day Of January, 1888 thrcefourths Of the
amount due TO the government for duties, taxes, sales
Of public lands or other debts, may be received in the
notes Of specie paying banks and that from and after
the LIST day of January, $780, half may be so re-
ceiyed and from and after the LIST day Of January,
lS40 6he fourth and from and after the LIST day Of
January lS4l all due for duties and sales Of public
lands other Debts 10 the government. and all pay
the general post Office, shall be paid in gold and
silver coin only or in such notes. bills, paper issued
under the authority of the United States may be
directed be received by law and from and after the
LIST day OF January, l64i oil officers dsbursing
agents engaged in making disbursements on account Of
the United States General Post Office, shall make all
their payments gold and silver only, in such notes,
bills. or paper shall be authorized by law. Any
dsbursng officer, who shall neglect to comply
with the provisions OF this act shall be dismissed from
service, and forfeit all compensation then due to him.
Mr. NILES made remarks. He considered the
experiment, by the deposte banks having failed The
only two other plans which present themselves are,
Bank Of the United States, and the system offered
He gave the which operated his mind against
National Bank and which led him to vote for the sys-
| TEN now proposed, and the hard money currency He
indicated the taken by the President and wish
ed the people be convinced that the remedy against
the existing evil rests with themselves, and be
found in Congress
Mr. SMITH, Of Indiana, expressing wish to make
some observations,
The Senate adjourned