Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-12-31
CONGRESSIONAL.
Correspondence oftae Baltimore Patriot.

/
The Sun-TRrAsunr SYSTEM is to be pressed with
aperunacity which seems 10 have gathered strength
II om defeat. and to have been made more rcsoute
by The uncquHoeal opposition which has been pre-
scented by all classes of citizens in every quarter Of
the Union. The power OF discipline IL again 10
be tried against the known will OF the people. Mr.
VAN BURN intends 10 put to the test tho question
whether the obligations OF patriotism, of public pfn
ciple, aud private honor, and the duty which SO
many profess To regard, oi obedience tothe peoples
will are stronger than party fidelity, and submission
TO the dictates OF him who Is the fountain of that
patronage, aud those official profits 10 which the
eyes of spo,lsmen turned with the most ardent
and cmphatlcal aspirations.
| The COMMITTEE of Ways aud Means Of the House
have before them Sub ireasury bill, which FOR the
most part is the bill trthont the specie clause The
prlucp additions are the following;
1t provides that heavy penalties shall be inflicted
on every receiver collector, agent Of the govern
ment who shall apply the public money TO his pr.
uses and creates set oi officers entirely new
in Custom houses. such a. cashiers telle,s, Ne &c
for the purpose Of being checks on the collector,
aud aflprdung additional security against detalca-
tons.
Ii requiics all large sums 10 be deposited in Banks
Ton SPECIAL DEPOSITED subject only 10 the drafts
of the Treasurer aud The Banks are To receive not
more than one eighth pt one per cent. ior keeping
the funds smaller sums may remain in the custody
OF collectors aud receivers The exact amount above
which all sums must be deposited IN Bank, and
below which they may lie IN the hands OF govern.
ment officers, has not yet b, en- fixed.
Nah reedrd 10 The kind Of funds rcccrabie in pay
ment If debts 10 The government by Hc Collector and
Rcceirer the bin is WHOLLY sLrNT; but II provides
that ALI DEpoSlHES or PUBLIC MONEY rHE
BANKS SMALL M MADE oNLy ~ lnrAsunY Norris
or SrrCIr.
Such is the general character Of the physiocno-
my OF this government MONSTER. will take
occasion to present il 10 your readers before very
long with some expansion Of detail.
The sitting OF the Senate, to-day wns short and quiz
ct. The most important thing that occurred WAS
movement By Mr.. Rfrs. in calling On the Secrela-
~ OF the Treasury, by resolution, FOR Information re-
spcctins the sale of the third bond OF the United
States Bank and other matters connected herewith,
under the following heads
/. The period At which the third bond Of the Uni
ted States Bank, soldlo that institution amounting
to So 25d ST. So placed the credit OF the Ttea
surer on the books ofthe Bank-the terms which
il ncgocated-tbe person acting on behalf OF
the Bank, with whom, tho negotiation was made
the particulars Of any understanding or agreement
il any has taken place, respecting the ben, fit which
nigh accrue 10 the Bank in the transfer of money
il should make 10 distant places on account OF the
Government.
. The period when the sum Of $l,GOO,OO0, in
part pawn OF the second bond OF the Bank OF The
United States placed 10 the credit OF the 1reasu
rel by that Bank, and the nature OF the agreement
or understanding had in reference to the payment o
part OF said bond before, and OF another part OF II
after it became due.
g. Whether any sum sums of the public money
have been deposited in the Bank of the United
States other than there have been deposited from
the payment of sale of It's bnnds--t so, the amount
and date Of each deposte and by whom and by whose
authority and direction they were made.
4. The aggregate balance standing weekly to the
credit of The Treasurer, in the United States Bank
its branches agencies whether subIeetio draft or
not, as well as the weekly aggregate balance IN the
Treasury from the Tune the deposile was made
5. A list of all branches and agencies OF the said
Uni,ed States Bank which the Treasury Depart
ment has di avn dra1ts--lhe amount OF the public
moneys directed TO be placed al each, and OF the
drafts severally drawn them and the rates OF cx
change between Philadelphia and each of the places
to which sums ordered to be transferred.
g. The amount far as it can be conveniently
ascertaDcd that has been drawn from the u. :. Bank,
its branches agencies, IN notes OF SAID Bank, lof
paying Indian anpuIties, otther demands OF Indans
the Government or for deiraying the expenses at
tending the removal ofhe indians, and in general the
nature of the " arrangements II any, made for the
more distant public disbursements ia the notes OF
the Bank, together with all the correspondence,
greements and instructions gwen entered into,
connec ted with any all the heads oil inquiry above
stated.
Also that he communicate the nature OF the ar
angements made with him by the Banks III which.
according his Report OF the 81 instant, portions OF
the public money have been placed 10 the credit
Of the Treasurer special deposltr," the Kind OF
money in which the said special deposltcs were
made, whether the uentlcal moneys deposited were
continued TO be held by the Banks, whether the
drafts of the Treasury Department thus have been
drawn, those deposiles have been paid IN the sPc-
cited moneys deposited, and whether the balances
part and parcel of the very moneys originally
deposited.
II will be seen that the inquiries very minute,
and if the Secretary them with any lulness,
there will some rcmai kable revelations.
Mr. TALLMADGE signIfed his intention OF moving
in measure called for by every consideration OF JUS
tce and humanity He will, o-morrow, introduce a
bill to abolish imprisonment for debt.
Mr. BucHASAS offered resolution to instruct the
Committee naval affairs TO inquire into the expe-
dency OF constructing one more steam vessels 10
be employed as vessels OF war.
MIR. BUcHANAN urged with great eafnestness the
adoption OF this resolution. he expressed ms re-
eret that the Secretary of War bad not, III his very
lucid and able report touched upon the suhlect winch
was occupying the minds of all men interested IN ma
val and military affairs. in England and France
Those great nations are enuous 10 outslrp c1ch
other in converting vessels to the greatest ser
vice. The use OF them must work material change
in the mode OF naval warfare; and we would certainly
subject ourselves to great hazard we To engage
in war with either of those powerful nations IN til
possession of the advantages derived from such ves-
sells while we were without them. MI. BucHANAN
| thought it would be severe reflection upon our
national character if after being the first to make
cessiuI applcaton of steam in propeng vessels,
we should now iaIlbehnd The Improvement oithe age
| Mr. BENTON seemed TO think these very sensible
remarks Of Mr. BUCHANAN would takethe'wlnd out
of the sails Of the Military Commute, who some Tine
ago did make are por-i1deeu peiieve on NV" d'he'
emf oecasons-in favor of employing floating batteries
propelled b, steam Tor defence. He is Chair
man of that Committee; and his Tear OF Mr.. BUcn-
aNAN taking all the glory of this ovment made him