Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-05-10
~ SENATE-Aprll 80, 1883.

IN SENATE-Aprll 80 1888,
Mr.. CLAY, ofky presented memorial pray
ing Congress to It's exertlons prevent the
torcenent oil the treaty Of New Echota, and asking
Congress aid IN the establishment OF an Intema-
iona Congress for the settlement oil dlffrrences.-
Mr.. Clay pressed the consideration OF Congress to
the last proposition contained IN the memorial. lie
considered matter OF great importance. and the
PRAYER oil tie petitioners commended itself 10 all pre-
sent The petitioners. he SAID, had for a long time
held the object PRAYED iot view, aud hal ad-
dressed several Legislative bodies upon the sub
jrct The Legislature OF Massachusetts, had Civ
en- special protection aud encouragement TO the pro-
position.
The petitioners were dcsiraus that the Emitted
States should take the lead IN tins pacific and no
bic measure, Whether the PRAYER should be grant
ed mol all would do Justice to tho motives Of the
Petitioners Mr. Clay did doubt that great
portion of the difficulties between nations might be
found capable ola sati.lactory adjustment without
resort 10 war. The improvements IN the Of
steam, bringing nations together that aiar off,
the establishment oi rail roads aud other ntercom-
munIcaiors, would soon render 1t impossible that
nation should 20 with another without
inufing the business and detracilDe from the pros.
perry OF all. This distant day would lessen if
not cntlfel the prevent the recurrence of War
Franklin. among other philosophers aud statesmen
and Henry the ioulth oil France among other mon
archs had favored this peaceful proposition and
he could not but think that by and by would be
adopted.
The memorial WAS laid upon the table and oder
ed to be printed, when Mr.. CLAY SAID that while he
up he wished 10 make an inquiry of the Chair
man OF the Committee OF Finance. Mr.. Clay said
he dad doubt bu, that he had the concurrence of
the honorable Chairman that the period had now ar
rived when II was very important moment IN the
monetary affairs OF the country. Some OF the
Banks N Boston aud New York had already resumed
specie payments, and others were upon the point of
ia NJ, Ia tl,o
example would speedily be followed. at least ms far
as the BANKS were able, though he le,red the Banks
IN the South Western States were not vet ready TO
resume. Mr.. e. SAID he therefore wished 10 ascer
tam OF the Chairman OF the Committee of Finance
whche, there was before that Committee, or wheih-
er the Executive had any intention to brinc for
ward any propositions al any description, other than
that winch now lay upon the table IN the other House
OF Congress, VITA ANEW to aid, strengthen and en-
courage the Banks III the resumption of Specie Paw
mcnts. there was no intention IN the COMMITTEES
or IN the Executive Branch Of the Government TO do
any thing on this subject thus leaving the Banks
TO go on unalded IN tins opcrallon-it night be the
duty OF Others TO suggest some measure for this de-
slrabc purpose.
Mr.. WRIGHT answered Mr.. CLAY and said there
was nothing on the subject of currency before the
Committee which bad not been referred them by
order OF the Senate aud that there nothing on
which they had not already reported. As 10 what
the Executive was doing INTENDED to do, Nh.
Wright said he ignorant as the Senator from
kentucky. lie had nothing to say on that subject.
Nh CLAY That being the state Of the case, aud
The Commute OF Finance not having any measure of
relief OF any measure intended to all the Banks in
he resumption lspeeie payments before them, and
as the Executive OF the United States dad intend,
50 far as was known, to introduce any measure
OF relief he would Introduce the following Joint
Resolution:
" RtsOirCR by The Senate and House Of Rcpresen-
tdfipcs an Congress dSsen bied, That dscrinina-
ton shall be made To the currency medium OF
payment IN the several branches OF the Public Rev
enue IN debts or dues OF the Government, and that
until oihcrn Use ordered by Congress- the notes OF
sound Banks which are payable and paid on demand
IN the legal currency of the United States, under
suitable restrictions to be forthwith prescribed anl
promulgated by the Secretary OF the Treasury.
shall be received in payment OF the Revenue and of
Debts and Dues to the Government, aud shall be
subsequently disbursed, in of public ex-
penduurc, to all public creditors who willing
| receive them"
The resolution beng read,
Mr.. GRUNDG said he disposed make no
lcicnce on opposition to the resolution before the Sc
nate, lie would suggest to the Senator whether the
resolut, ought not TO restrict lis operation Banks
the viclIy Of the places where the to
be received.
Mr.. CLAY salt. that the resolution did not intend
that bank notes should be received without restric
tons OF without suitable regulations. Power OF dis
elimination was given to the Secretary OF the Tteasu
ry. The discretion gvcn to the SeoietHy oil the lrta-
sury would be amply sufficient 10 meet all cases
But this subject would come up with tie resolu-
ton.
The resolution, after few explanatory remarks,
was then ordered to second reading aud laid upon
the table.
Mayo, 1888.
Mr.. CLAY, asked the Senate at tins time to give
h's resolution touching ihe Banks and The Curren-
cy second reading
Nh. WRIGHT rose apd moved that the Resolu-
ton be referred to the Commute of Fiuance-gIviug
no reasons FOR his motion.
Nh. CLAY. hoped that some reason would be
gwen iorths. liz defended the character aud adop-
ION "i the resolution as measure OF wise policy for
the General Government.
Mr.. " FRIGHT said the Resolution was unneccs-
sify. The Postmaster General aud Secretary of the
treasury were doing the very thing sought TO be
done by the resolution
Thcn,said Mr.. CLAY alloaing this TO be true the
statement Is not true. 1t only follows that the Sec
rotary OF the Treasury and The Post Master General
are doing without law what my reso luton proposes
shall be done by law. Mr.. Clay thought there could
be no objection 10 the reception OF Bank notes-of
New orh Bank notes, for example, in the South
Wesl-for such notes would always be al a pre-
MUM IN the South and South West There
could therefore, be no good reason for receiving
such notes when redeemed on demand in specie
l nc measure was one oiwise policy.
have no doubt continued MI Gay, that the time