The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-03-20
rt.rls ,hia norninn unon lhs sub Treosuly BiII,

marks this morning upon the Sub Treasury Bill,
upon its destined effects upon the COMMUNICATES
bighting and whitening inhuences,-Is selfish ana
corrupt desgns-lts insidlous and .reacherous Enur
acter-the subservieHcy of his colleagues IN ioliow
ing, like a satellite around its higher ORD, the E"ec'
utive their polar sar,-were SO effective as 10 ue
rnand the silent and undivided attention OF every
man present. In a little sharp shooting Det"Sen
yogr two Senatorial colleagues, MT L. toio MI
Wright (who had spoken of his own correct ana a.
straight forward character as poHtician) thut ~
what he said was true, and he re ally was s,raght
ior,vord noIcian tie reason was because he always
had a guide before hm-which guide was the fres-
iden,-no matter what the subject-he was MS leau-
ing star acting upon hin llko a cloud oy day ana
n;5Iar of fire by night,-If the Executive wandercd
he wandered, and instead of being fixed star, as
Mr. Wright seemed TO think, he was wandering
and erratc as comet and Always iTow 1--WE b t'T
Mr.. Webster said he wished to say few words
upon the question. memorial was before
the Senate from moro than SoOo legal voters. me
memorialists had acted under the apprehension that
1be bill before the Senate might pass both houses OF
Congress. Mr. Webster said he wished he was sure
that apprehension was groundless lie h0Ped IT
was but he feared not. Mr. w. said, in speaking OF
ihe resolutions before the Senate that there was no
doubt that all these mon, though some of them
were distinguished friends of tho administration,
would be represented as under the paw OF the
Monster.
Mr. Webster concluded his few remarks by I'M
ploring tho Senate to give that attention to these
memorials which their Importance deserved. Con-
gross was too much accustomed W oo ihuheie"' W
Mir Wright followed Mr. Webster, and begged
leave respectfully dissent from the opinions OF his
colleague regard to the cause and the extent OF the
embarrassmenis Of the country. MIR Wright thought
that the memorial of his constituents was ll-umed,
and calculated to naict deep wound upon the banks
and tho business of the country in regard to the re-
sumption Of specie pa yments. He limited strongly
that the remarks of his colleague and Mr. webster,
intended to get up panic, Just at the time the
banks ready TO resume specie payments.
~ ,hn hi ut fhn nFnC
country Frightening, and was very glad to hear
the opinion expressed by his colleague, that there
was danger of its passage. Let 1t be passed, SAID
Mr. Wright, and the country will become quiet and
its business revive and improve. Mr. Wright then
oincd issue with Mr. Webster.
Mr. Webster replied, and said MrWright's remarks
made the reply necessary He told Mr. Wright
that for years past he had advanced one set of opn-
IONS and the Senator from New York another set
of opinions, and the question now was, who was
right and Who wrong. did make predictions,
continued Mr. Webster, when the deposltes were
remove ed in 1888 | made them in "a and 80, and
then said that the effect of the measures Of the
Administration to flood the country with IRE
deenable paper, and TO withdraw and to keep Out
Of circulation and out of sight all the specie. Was
right or was l not9 SAID that the State Banks
could not do what the Senator from N ew Y ork said
thew would do. Was right, or was rot? have
predicted tina, the country would reach Just such
crisis Of embarrassment as we have reached. was
/ right, or was not! 49,
Ibelieye continued Mr. w. that those petitions
against this bill--and wish there were more than
there are-are calculated to make business better
even to aid the resumption of specie payments,
which the bill before the Senate will certainly pro-
tract by drawing specie from circulation that it may
form the basis of the bill before tho Senate. Mr.
Webster argued and proved that the Sub. Treasury
Bill could possibly better the condition OF the
country by any means even place II IN lis FORMER
state Of prosperity.
his colleague, and entered into extended history
of some events, to provo that the late admin
ha contributed present tOr-
lorn embarrassment of the country. Mr. L. recited
the Treasury Order and the history of that Ordor,-
the actions of the Government upon the Distribution
Bill, and the conduct of the Executive in relation
10 that Bill Mr. TalImadge gave other reasons,
proving that the action of the Government had
greatly contributed TO the present embarrassments
OF the country.
NJ. Tamadge then stated what where now and
what formerly the opinions of this Administration
upon the Sub Treasury Bill. have been consla,
tent, said Mr FL opposed the Sub Treasury Bill
when it presented years ago, as oppose it now.
When the Executive abandoned his position up
on this question, could not go with him. When
the friends with whom usually act abandoned their
position, l could not 60 with them l have always
been etragh. forward politician, and aever could
Of sudden wheel about, make right or an acute
angle take the back track, and support measure
which had formerly opposed, and which believe
to be the most wild and visionary scheme ever bro
before the country by wild and visionary men.
Mr. Wright REPLIED and said that he thought he
had been a stralg ht forward politician we'll as hi:
colleague. He was, however, willing to leave tina
matter with the constitute nts both. Nevertheless
Mr. Wright thought he had been straight iorwarc
man, and he thought so, because he was opposed &c
tho same men, with one two exceptions, who
were opposed to him. If he had changed, they hac
changed, for they were both upon opposite sides
the circuit Mr. w. persisted that he too had beer
consistent
The question then up The substitute o
Mr. Rives.
Mr. Preston submitted important amend
ments, making the Secretary of the Treasury seec
State Banks in preference 10 others, and allowing
with the consent of the Secretary Of the Treasury
notes Of all sound banks to be received in pnymen
Of dues until August next, provided that before
August they resume specie payments.
These amendments have boen discussed at grea
4sngth by Messrs Preston, Rives, Clay, Buchanan
and othera.
The Senate and House disagree upon the Neu
;rality Bill, and Committee of Conference has beef
proposed.
In the Senate, severa! petitions were presented
from some Of the free States, in favor of the Aboil