Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-06-21
VOL. 81.
MIR. MASON'S SPEECH,
oN TIE TREASURY NOTE BILL,
pktivEsrD ~ rHK
HOUSE or REPRESENTATIVES. MAY 70 ,s1s

Me RosEsr'oS having moved an amend
"S'I I" '"e treasury note bail. 2ropos.as &
Aao''iu1o provision authorizing n loan FOR
'Hs provision authorizing tho Issue Of Treasu
Z! hOies-ihe hour being late, aud the COM.
nliiee Of the Whole refu,,r, mot,.u, 49,.
Mr.. MASON, Of Virginia, rv,e. ana "a.
Dressed the House a. follows
This bill. Mr. Chairman. i. i,,c,I.l D.,
furnish II the Treasury the SUN Il tea u.i'.
lions OF dollars. Ia aid .! the c,,rrc-, re,e,u.
II 4, HnPly ci!l for supply, snI ., such
shall uelt u, avoiding all collateral matter
the example OF the honorable ca...,u,n q,
Ways ani Means. who tr1u.Lt AZ An. I, IA.
e 5niElty notwithstanding
We are told, and I believe correctly. ;hs,
ne I1Nernuent wants % much IA ,,,.,. A..
NHs OF the Representatives. OF lie rey1ie I
an wi1lius ~ grant Il, aid thu. 10 ne there
remains lhe single iaquiry, wh.t Is tie bc,t
"'Shs OF rals'as ~ Ihl, question l hall
di'cu's auI bound t. 10 -, brcru,e II IA.
oSsn The pleasure Of the chairman Of the
ways anu Me'n', ins Do, reports asking the
supp. h avoid sueh discussion aito,ctbrr -
lie has been content wiih decl1r,.s tl.t IN.
drbcirocr m The revenue ".Ht0. be- rto,ilrl
i'r, either BY an Authority TO reissue the
treasury notes received. or hy az i.,ue ol
oihera 'n tLcir place" Aud tbi, " ord .taui'
having ihe same significant use, J., fOunI -
p.oPraie' y alike 80 Ei, reports VI Tie 5lh aud
23f II March
Sir lie, the siy % tie honorable Chairman
That IN report Addressed to the intelligence
81 The Representative, u lAe People, and
least Of ak when asking s-3p.,. til, worI
n'G:' u not par'i4me.tity English. Il D,
the language OF Courts, but ha, no place in
Parliament Is.JulI have thought IL has du.
A. ~ - "a 80.
before rs the Dcs, and most ccouJai. cal mean,
VI ranInS It. The hnlnciai condition of The
e3uniry, az well a, u the Treasury, j. fam.
Tax 10 ms MIA! we have a r;cht - exec,
rom ht'a an exposition VI Tue 'Wa,s aud
mean 81 supply, When, Ia lieu We have
Hoihins but an imperative moaosy liable.
!hi'' siT, - departure from usage. For
Insr eombi!lces, IA iayin. before lie eountr,
the necessities of an cx'raurdinary supply. a.
meet deficient revenue. have Ihought 1t their
duty 10 present Judy ih. several mole, o,
faisins It, whesacr b., l-Xation, Loan or 81 -.
sue oi Treasury notes an! to recommend that
when unde' Inc cneumsiInces, 10 them
might seem best.
oar chsIrm4u, however, itinAin- otherwise.
II - oar r'S'i, "a 1t d. Que duty. IL consider
th'' subject fIliy, All w.t. the hes, l.tt,
We can command. each Tor Lim Ell; and lh.s
"olli seem ihe more necessary because, not.
"iihstlnilos the whole iu,, .iTy IS shaken oil
by The CON niiiec IA the Use OF their confident
,nonosy liable, yet It - remarkable That .hc
recommendation comes from them at lst in
The most erule and und Seslsd form. Thcywere
not ihem'el'es satisfied with the results oi
the1r o"n reasoning Let me trace, for a
moment, this ynrilia;ion OF purpose, not a.
much sir. with a view Of cor .lias then, bat
10 show the proPrie,y OF full consideration
BY ths House.
We have then, fret, the bill Of tho 2jl Of
March, entitled "A bait 10 authorize the i,.u.
iag Of Treasury notes, accompanied by re-
port at length. Thu, bill provide. for an IS
sue Of $40 900 600 u Treasury note, PAYABLE
one-ihrd ~ iselye. one-third IN eighteen
months, and he residue IA two year, after
Their date, 10 bear interest not exceeding six
per cent per annum, snd to be redeemable
at maturity At the Treasury, fOr which re-.
compton ceriaia funds are specifically Piled :.
ed - the bill
Ihis ., loan out aud out, 10 be effected by
Aa'e Of Treasury scrip, bearing interest, re-
deemable at stated period, during which It
was q run and "a fAs p.-Ia ;ime r,es!raJlt ,n
payment ~ pablo dIeS
10 tie report accompany ing this bdl. gour
printed document No. 100 much reIsonin.
10 used 10 show that, 10y iAe unfortunate pro-
visions OF the act Of the Spe cill session. fOl tie
's'ue oi Treasury notes, u had exercised an
ImpoTerisai0s. instead Of On inVisoraIins 10
Hence upon tho Treasury. Under that act.
Al - s1ld The issue of $4,000 600 had opera
Tel a 'rfdge'i0H.' 40 lieu Of ala augmentation
OF The revenue; ard ihi, reduction" Of The
revenue. 30 brought about, was 70 be
provided Tor by Il new Issue under the pro-
posed Oiil.
ooe no, ver,ed in the my.ie-ie, Of finance.
- D. b. 4.
curious 10 know how ~ extraordinary supply
Of $40 600. 900 10 I'D Of The current fetcnuc
eouii reduce. instead Of increasing At Bot
having ssesrta,ned the fact. It was b.. dot, 10
trace out The cause, however perplexed TIE
proDiem might be, add he ha. actorltusi, de.
teeiei lni exposed tic Oieudiug natter
AMER c1piigilting certain extIa1II.pary de.
mands upon The Treasury arising out II The
lndisn wars aud The tfoubics on The Car1da
frontier. be ,av. NotWth,ianIirs these
additional esiinaies the current resource, u
ile year would, with yr5Yc. economy. be
CgIal 90 ail the dcmands u1yn the 'tfra.
spry whether fof ordinary az tNtraorIirar,
purposes bui for ii-o prortioHt. - tie Ircs-
sirJ cote act referred 60 fhs one ar.fler. iirr
fAs'' Ttc,iFi ~ Payment n public due. and ,hr
olher PrOhisHiug Tee Treasury from rc-issu.
i1s them
n
i1r course Of fret ard second reading on the
dsy thit q wss brought a.. aud uss f,leluI
20 itc Committee % TIE Whole
Before aay i.Ithsg 4sIi5u vas had ap.n 81.
There was brought ir from thc same romu.it.
Gee second. entitled - bill supple merlarv
W NE a-i erhuei an act 60 authorize tie is-
s1s % Irr1,Iry notes reported 90 tle l3L
AP'" ih.s was go lsc u1,1ncr twice real
ana t''etrcs with &C. predecessor
Thugs % reusirsd. without action o, 81.
Their. until tbe POI Of April only h., d,,, a.
&c TIC last bi'l was reported whsn Al tb-
cio,e n long fay's debate upon , 4.f-,,,.t
subject. The honorable cbairm1n ~ the Cg,,
mhice Of Wavs ard Neans. sitba.,t roi,s,
GO reasons sssixnsd. moved that r,s Commit.
tee 81 The Whole BE- discharged from .li f,f.
her Consideration ~ the,e two iil, aaI th,t
tney bs rscomuitted 10 the committee ihst
brought them boz. which was done aceof8nr.
~ Anf thereuron aHi f1rihw thereafter
De reported the third b.il. Icing that nos un-
trf Consideration. and bssring The vory eqai-
vocal title of"h tiu 20 carry into ~ RI, On
81 sprrotsd The i2'h ~ October. 1877. 10
h1ihoriEs The issOiae of Treasury notes"
Thu, We have had IN tbs short srses ofsns
Moth Tunninr fr~n the 90 dsv a. wsrrh %
ne 23t April, ttEss several schemes for
eHrn'a FrnrFtrd frn-4, 3D. q -..sft.. d. . ~