The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-14
TwENTY-FIFTH CONGRESS.
IN SENATE.
TUESDAY, June IL.


nate should proceed 10 its ordinary business, be
wished 10 consume minute or two OF It's time on
subject In relation to which this the FIRST oppor-
unily of speaking. Most Of the speech OF his col
league, which appeared in the Inielligencer Of yes
eTday, he heard when Il delivered, and, so lar,
had Immediately replied 10 il. But the concluding
remarks OF that speech he did not hear, and though
informed of their import he thought best 10 wait
their publication before reply TO them.
Mr. 6. said he was not nnmiDdfui Of what was due
10 himself and 10 The station which he occupied, and
he would therefore briefly remark, that as TO all the
personal references which his colleague had heaped
upon him, he would throw them OFF with disdain
and scorn-a feeling which he was sorry 10 say,
only recprocated, though with less ill-wi on his
part towards his colleague Mr. q. further express
ed his satisfaction that his colleague was not the
Judge 10 whom his standing, prosperity, and welfare
were committed; il il had been so, he would have
considered them as lost
Mr.. WHITE expressed his surprise that his COL
league should require six weeks or two months TO
reply 10 his concluding remarks and that he did not
hear them, when he was both present al the time, and
near Mr.. w. Mr.. w. also advered TO the fact that
his colleague had made attempt 10 coDtTover any
thing which MIR. w. had said which he insisted he
could not do, as the evidence was altogether TOO de-
cisive.
Mr.. w. also made some further remarks, chiefly
personal, and Mr.. GRUNDY was in a course of re-
ply when the VICE PRESIDENT in,erfered evidently
In accordance with the general sense Of the Senate
and, the two gentlemen acquiescing, the converse
tion was dropped.
NATIONAL BANK.
Mr.. CLAY, Of Kentucky, rose and said, that he
had received and desired 10 present the Senate
other petition from certain persons in Connecticut
praying the establishment OF a Bank Of the United
States II was not very numerously signed but il
was right that il should be heard. As il was pretty
much in the same language petition before pre-
scented, Mr. C. would not ask thai il should be read
or printed, but received, and laid upon the table.
While up, Mr.. c. would say something in relation
1 Ln.l
He had supposed that sense OF justice would have
induced the Senator from Connecticut, (Mr. NILES,
after the names OF those petitioners printed,
state in correction OF certain allegations Of his own,
that those petitioners, mass, highly respect
able persons. Mr.. G. had supposed that lie would
be prompt 10 make the amende honorable for his OBJ
servations on that occasion. His not having done
il, impo on Mr.. c. the duty which he had now
undertaken .. +.
The remarks of the Senator at that time having
been published, MIR c. had received letter from
Hartford, Connecticut, which, speaking OF the petit
tion, stated that il was signed by The Governor, and
various others in high Standing in the community,
By six present and past presidents of banks by three
presidents Of insurance companies, and by other as
respectable individuals rs could any where be OBJ
tanned for petition sent 10 Congress The names
Of some Of The strongest Wings were mol on the pc
ton, not because they were not in favor OF il, but
| because they were not urged 10 sign it. f.s>
! Mr. G.. also stated that the names Of these petit
tons had been grossly lnisprinted by The printer TO
the Senate, varieiyof which he read, one of which,
that is fair sample OF the whole was Harry Cum
ming for The name Of Henry Corning This mis-
| printing was calculated to misead in regard 10 the
true character of the petitioners. Mr. c. thought it
due to the petitioners TO ar this testimony in their
behalf and he did not believe that more respectable
body OF petitioners could present themselves this
/ any other body. &@....
sas nNs E he Ct same sngh sHsf es. be had a
had said that Of their statements was incorrect
but they were doubtless respectable and they had
| made wrong statement, or pursued wrong mea-
sures, they were 10 blame, and not Mr. N who de-
clared that he had nothing TO retEact. They had
thought proper TO come here TO deceive the Senate
and TO deceive the country, and they take the
| consequences. ~s.
| Mr. CLAY expressed his inability to understand
the Senator, in holding that these petitioners were
respectable, and at the same time charging them with
The propagation of deliberate untrulh. But Mr. C..
was satisfied that The Senator himself was mistaken
in denying that the petition came from persons Of
both political parties. That il did So Mr.. c. had The
most abundant evidence. On the petition which Mr.
G. presented the other day. the political character of
the petitioners was Marked and the first on the list
was, or had very recently been, particular friend
OF the honorable Senator, and. fighting for the sup
port Of his party.
Mr.. NILES insisted that the fact of their having
signed these petitions was ample proof that whatever
they were before they had now changed their poll
tics. He also made some further allegations deroga-
tory TO one or more Of these alleged Van Buren, Pc
TONERS.
BANKS AND BANK NOTES
Mr.. WEBSTER presented petition from mer
chants in the city of New Haven Connecticut, Tin
cluding all the importing merchants but one,) pray
ing the repeal of that portion of the deposie act Of
1856, which prohibits the receipt by the Government
of the noeS OF hanks which, since the passage OF that
act had issued notes of denomination less than five
dollars
Also another paper Of the same character, in The
form OF resolutions, from the Board of Commission
ers OF the Associated Banks OF Boston and its vicini-
W and asking The same relief. On presenting these
petitions, -.
Mr. WEBSTER said The present state Of things
is truly singular. An effort for a general resump-
ton OF specie-payments BY the banks is making and
about TO be made, all over the country
Some Of the banks have resumed Blu, now, sir.
what is the attitude in which the Government siaudsl
BY the new specie circular il is proclaimed that
specie or treasury notes will be required, unless
debtors TO Government can procure notes Of specie
paying bank Of the denomination of twenty dollars
or upwards; which bank shall not have issued, or
paid out, any note under FIVE dollars since July,
twenty dollars.
This refusing To receive notes under twenty dol
lars IS doubtless founded the provision in the act
OF April 1886 that disbufsing officer shall offer
in payment any note less than twenty dollars
cannot say think this part of the circular ALSO
inlely necessary, SO long as the deposite system ex
lists but at the same time, the provision Of the act of
April countenances this regulation in some degree
il not entirely.
But taking his state Of law and this circular to-
gether can il be said that Government is cn.ourog-
ing resumption of specie payments or facilitating
the restoration OF things state Of prosperity Is
there IN The spirit of these regulations any thing 10
remind us OF the course Of Government under SINH
lar circumstances, in the days Of Mr. Dallas and
MIR Crawford
In New England, as believe, all the banks, With
one or Two exceptions, have issued paid out small