Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-05-10

A GOVERNMENT IN TROUBLE!

In the United States Senate on Monday last
Mr.. Wright moved TO take up the bill pro-
posing the sale Of certain Bonds belonging TO
the United States. MIR w remarked that
the condition OF the Treasury was such as 10
require means. The Committee OF Finance
: Of the Senate have had some action upon thu,
subject. They had reviewed various plans
add various propositions, and studied tho
means Of the Government, and could think Of
nothing but the sale Of the United STATE.
Bonds for the relief Of the Treasury. II ik,s
bill Is passed. said Mr. Wright, II wall not give
tae proposed relief, but it may DO something
Ia view Of the condition Of the Treasury, said
hr. Wright, have asked the Secretary II
the Treasury what were the current mean, at
command IN the Treasury,-svery where -
They were not more than 500 COO, including
che entire. available deposlies OF the General
Government aud such being the condition Of
the Treasury, AID The Senate having power
TO originate no other measure, Mr.. Wright
thouGht IL best that the bill should now pass.
Mr. WEBsrGG said he lid not think the bill
- -e'N~'J III AAo hNAht VI
the credit ofthe Gorsrnmsbt IN. present wa,
hoi q good time TO sell bonds belonging to the
United States. There Was no surety that
such stocks would bring their par cash value,
because there vas no surety that the
buyer would receive bis cost for the stock
bought when the payment was due MIR
Wss'TER continued his remarks, add said
that the chairman Of the Committee Of FL
nance makes 40 seknoW ledgmsnI Of . fact
which 10 certainly without q parallel in the
history Of the Government, either in war or
in peace We have never had such . ooadi.
ton OF things before, and the condition Of the
Treasury is such as certainly to demand the
action Of the Congress, II the sen.te could
not originate any other measure than this
for the relief OF the Treasury, IL still would
Be requisite for the House to act upon hi,
measure. The House bad power TO originate
all measures Of revenue, and we gain nothing
BY early action upon such . measure a. this
The House would not probably act upon this
measure before acting upon others. We
gained nothing BY the bal, and probably might
lose. IfTrsasu'y notes were to be re-i,sued,
or Se~ issues we're TO DO made, 1t would not
be necessary TO make the proposed sale.
Mr.. wRreHr briefly pressed tho necessity
ofsetioo upon this subject. and the bill vas
ordered 10 Be sngrossed.
Mr.. cAHsRELno, IN the House Of Repre-
ssntstiVs', moved Oh the same day to take up
The bill for issuing a nsv batch Of Treasury
notes
pretty state % ti...gs. truly 40 ibs
sieubssVIIs Herald correctly remark, .-"n
should DOT DO forgotten. that during Mr.. A.
dams standardization. the expenses Of the Go.
vsransnt we're hiri,sa n,iAisns s,sr. and
that, under Ar Van Bursn's, The expense, OF
Government sfs ihirfy-Iro million, ysay. Nor
should !, DO forgoslsn. that. during Mr.. Adams
sdministatish, ten million, Of debt va, annu-
ally Ped ~. While under Mr.. Vas Burss'.
sdminisiraiiOn ten millions Of debt :, ssnf,ss,.
3D. s1l Whist u siiii uorss ibsn sn. this debt
10 contracted BY the issus of Ssia- Piaa,ls'