The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-10-05

received denuneistion in reference 10 whs, had fo,
from hun, (Mr WI There two views always IN
such The party replying may give denunc,a,an
Tor argument or he may choose 10 get rid Of any argn
Inent by calling Il Remuneration He went on TO e.
press has bitter establishment after the long aud honora
bic course Of the Senator from South Carolina he shoud
now DC found uhere he is returning the old CONT
mental currency. lie insisted that the increase OF the
bank capital Of the Bank Of England did not keen mace
with the growth Of commerce and manufactures The
Senator from South Carolina said he felt aslonished that
the depression Of 1914 produced so uncomfortable an
eneSl appreciated exchange so much that bill
Baltimore on Boston, for less than 25 DER cent He
replied to, and criticised the assertions of Mr. Calhoun
that banking was hostile TO liberty literature, morals
and all the nobest gifts and pursuits Of man
As TO the ground taken by the Senator from South
Carolina, that we get lid Of the evils Of banking
by Withdrawing from IL, he might as well say, when
he saw house on flames, the fire bursting from the
windows, this must be put out let retire He con-
tended that u was the duty OF government 10 take care
OF the whole, not only TO look for the lions share
but TO attend to the interests Of all The Senator had
said that the government, intending TO take care OF it.
self, would take Of the people He asked IL the
government was not trust power given by the people,
| and not the people themselves
He then proceeded TO reply 10 the argument of Mr.
Buchanan, few days slnce contending that conyert-
BILE paper founded specie, the nearest approach
to metallic currency Treasury notes bearing in
terest take the character Of loan He stated that the
question at between the gentleman from Pennsyl-
vania and himself, whether the government not
bound TO take care Of the currency.
/ Mr.. BUCHANAN re- stated his arguments, contend
ing that the grounds taken by the Senator from Massa-
chusetts were laid in differences from the Constitution,
| against the express language Of thai instrument
The question was then taken on the amendment Of
Mr. Calhoun, and decided in the affirmative follows
| YEAS-Allen, Benton. Brown, Buchanan, Calhoun
Clay, Of Ala Fulion, Grundy, Hubbard King, Of Ala,
Linn. Morris Niles, Norvell Pierce, Roane, Sewer,
Smith, Of Conn, Strange, Walker, Wall, Williams,
Wright Young-24
NAYS-Bsyard, Black, Clay. of Ky, Claytoa Crit.
tenden, Kent, King, Of Geo, knight, MKean, N,cho-
las Prentiss Preston, Rives, Robbins Robinson, Smith,
Of Ind, Southland, Spence, Swift, Talmadge, Upton,
Webster, White--23
The question was then taken on the bill Of Mr. Ryes
| and decided in the negative, as follows
YEAS-Bayard, Black, Clay, Of KY, Clayton, Crit
enden, Kent, King, Of Geo, Knight, M'Kean, Ncho-
las, Prcntiss Preston, Ryes. Robbins. Smith, Of Ind,
Sou,hard, Spence, Swift, Tsllmsdge, Upton, Webster,
White--22
| NAYS-Alen, Benton, Brown, Buchanan, Calhoun,
Clay, Of Ala, Fulton, Grundy Hubbard King Of Ala,
Linn, Lyon, Morris, Niles, NorvelI, Pierce Roane,
Robinson Sewer. Smith, Of Conn, Strange, Walker,
Wall, Williams, Wright, Young-26
| Mr.. BUCHANAN then moved an amendment max
ing it the duty Of the Secretary of the Treasury to pre-
scribe the time and distance, when and where the drafts
shall be presented that drafts shall be paid unless
4 presented wlthln the time nxeu by the secretary.
Mr.. CRITTENDEN deprecated the great and arbi-
trary power conferred by such clause upon the Secre
tary.
Mr. BUCHANAN then amended his own amend
men making it to read that in default Of presentation
by the holder Of the draft within the time fixed by the
Secretary for presentation then the debt the draft
shall not be extinguished, but the Secretary shall pay
the draft in any other mode, any other place, at
any other time he may think fit
/ Mr.. BUCHANAN explained the object Of his amend
be prevent gold and silver from accommodating
in the Collectors strong boxes, while the drafts were
circulating the country The drafts being much
convenient for remittance from place to place than
gold and silver, would, Mr.. Buchanan afraid circn
late instead of the metal The amendment intend
ed to prevent this from being enjoyed, and
make the holder Of the bill take his gold silver out
of the Treasury noens poiens, and transmit that, in
stead Of paper, as well as he could
| The amendment modified, agreed 10.
A long discussion took place on amendment offer
ed by Mr.. MORRIS, proposing that no notes should be
received from any bank which payable at the
place OF issue.
Mr.. STRANGE offered as an amendment to Mr.
Morriss amendment to strike the restriction to
notes under IS; which amendment prevailed, as fol-
lows #s" s...
YEAS-Messrs Bayard, Brown, Calhoun, Clay, Of
Ala, Clayton, Fulton Grundy, Hubbard, Kent, King,
Of Ala, Knight Linn Lyon, Nicholas Prcntss, Roane,
Robbins, Sewer, Spence, Strange, Swift, Wall, Wright
Yonng-24
i INhIo-NessIs. alien, Denton, Dlack, DuCnandn,
Clay, Of KY Davis, King, Of Ga, Mexican, Morris,
Niles, Norve, Pierce, Rnes, Robinson, Smith, Of Ct,
Smith, Of Indiana, Upton, Walker, White, Williams
20.
Mr.. MORRIS'S amendment, as amended, was then
| adopted. Ayes &c, noes not counted.
/ Mr.. BENTON offered an amendment authorizing a
premium Of one per cent, on gold coin paid into the
Treasury; which being objected to- he laid il on the
| table, with view to attach it to some other bill
The bill as amended then ordered to third
reading by the following vote
| YEAS-Messrs. Allen, Benton, Brown, Buchanan
Calhoun, Clay, Of Ala, Fulton, Grundy, Hubbard
King Of Ala, Linn, Lyon, Niles, Noryell, Pierce,
Roane Robinson, Sewer, Smith, Of Ct Strange, Walk
er, Wall, Williams, Wright, Young-25
NAYs-Messrs Bayard, Black, Clay, Of Ky, Clay
ton, Cnttenden, Davis, Kent, King, Of Ga, Knight
Mexican, Nicholas, Prentiss, Preston Rives, Robbins,
Smith, Of Ind, Southland, Spence, Swift, Talmadge,
Upton, Webster, White-23
The CHAIR presented report from the War De-
partment from the president Of the board Of officers ap
pointed to examine certain inventions in firearms
! Laid on the table, and ordered to he printed.
| On motion Of Mr.. CLAY, of Alabama,
| The Senate adjourned.