Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-06-14

| red. lie alluded III glowing terms to the
Frightening prospects that gladdeued the
hearts OF all, few days ago, when the specie
circular was repealed; and declared bis be-
lief that 1t the men IN power would let The
sub-Trtasury bill lie quiet and supine, we
should very soon find the currency improved,
prosperity in most desirable mtasure re-
TUNED, and confidence restored to the COM
nunty. While TO revive it now has created,
and can create, nothing but new alarm, agl-
tation, and excitement, destructive to the IN
T SITS OF the country. lie hoped that those
in power would at least remain in "mdsieriy
inacffcHy" and do nothing at all-if they could
devise nothing for the relief of the country.
II The very attempt to re-awaken this deiimcf
bill is calculated to agtate and distrac! the
business classes.
II Undoubtedly, (con,inucd Mr.. Webster,) il
this sub-Troasury bill passes, the resolution
and,he deposte act both will be unnecessary.
But he does not choose to act in reference 10
that result, and therefore will take an early
/ opportunity 10 bring in a measure removing
tho lrJhibiton made by the dcposile act, OF
the receipt of notes Of banks which issue bills
Of less denomination than five dollars.
II Mr. Norvcll called for the reading OF the
report. 1t WAS long, aud elaborate, and argu'
mc ntative. have noticed its principal points
in the above sketch of MIR. Wcbster's re-
marks.
Il Mr.. Wright followed up the reading Of his
report with few comments on Mr.. Web
Ster's speech. lie had ai,onys regarded the
talk about the sub Treasury bill being dead
and buried, us idle and llusory lie had al
rays disscntcd from such an opinion whcrcv-
er uttered If Mr.. Webster had ilattered
himself with any such idea, he was deceived,
that was all
H Mr.. Wright spoke Of the alleged intention
of the Pennsylvania Bank OF the United
states to resume, and demanded whether il
was the design of that Institution TO rcccde.
because the administration intended TO press,
and carry, if they could, the sub-Treasury
H bill?
II lie concluded one Of his most spccious
ambdcxtrous speeches, by declaring that the
financial measure Of the administration was
not ye, in the tomb, though it might be ON
the way ,hither
II Mr. Webster replied. AS TO what Mr..
| Wright had said Of Mr.. Webster flaltcring
himself with anticipating the defeat of the
bill, that gentleman never imagined that this
Administration would fail 10 carry the mea :
sure it they could. lie referred not TO any
opinion of his own; but to the impression, the
expectation, the belief of the people general
| ly. And Mr.. Webster maintained that the
opinion thus prevalent was most reasonable
The bill was rejected in the House by de-
cisive vote of l3 It has slept quietly for
ninety days. No attempt has been made 10
revive II. There has not even been any eX-
animation OF ii! Considering the alleged,
and the real Importance OF the measure-the
| crisis--the lapse of time since it was consi-
| al oil bln in in.r
to the conclusion that the bill could not be
Il passed? If tho fact was otherwise, why has
not the strength of its friends been tried p
II Ii was most natural opinion that, which has
been so general-that there was no intention
TO re-agtate the question. We, who are
here on the spot, may have had our own rea-
sons for different impression but it will be
admitted by all who attended to the express
sion Of the public mind in every quarter of
! the Union, that the general belief has been
that the bill was dead! The people have
| acted on the belief that the country would
fail back on the deposi,e act. No one sup.
posed that, at this late period Of the season,
The idea of the divorce would be revived.
II Mr.. Bentcn next took the floor. lie de-
claimed at great length and with all his ac-
customod vchemence against Mr.. Biddle and
his last letter to MIR. Adams, as well as
against various other matters, concluding
with an insnuation that Mr.. Webster was
Influenced by suggestions from the PEN
nsylvana Bank of the United States, cn
acted in fnrthcranco Of its policy.
Mr.. Webstor's reply was dignifcd and
overwhelming.
II At the outset, he expressed an npprehcn-
sion that he would be regarded as unncccs-
sarily taking up the time of tic Senate and
| he felt it was rather trihing TO make any
answer to the remarks of the gentleman from
II Missouri But said he, will not allow these
misrepresentation and pervcrsons of my re-
marks to pass unnotced, because however
little effect they may produce here, | am
aware that in certain quarters out Of doors
they will be palmed otfas trLe and unrefuted.
Mr.. Webster replied TO the unloundcd ac-
cusation of having ever alluded to the Repre-
Scnlatives OF the people, in the other branch,
as agitators. The member from Missouri,
| (said he with cmphasis) flies to this charge
to escape refutatIon !-and then bois over
in his rage and gives US smoke and heat, and
irc and lava, all together.
II The member from Missouri (said hc) cries
ont, as if had called the Representatives of
the people, agitutors; as it | had heaped
upon them terms of reproach; and he volun-
tecrs as their defender.
\ "Nap tall auyiiis, nee defe nsolibus istis
H 9-eget"
"Thc House wants no such defender
needs no such assistance :" exclaimed Mr..
Webster. "They know me, and my style Of
debate ; and they know never indulge in
personal reflections; in comments on in.
dlviduals or bodies of men; and oil this
dc clan,ation, and denunciation, and volcanic
eruption of the Missouri senator, will not
produce any impression to the contrary.
II Mr.. Webster, in conclusion, noticed the
| insinuation of some connection existing be-
tween that distinguished Senator and the
Pennsylvania Bank. Mr.. Webster disposed
of this false charge very briefly, but very ef
fectively. lie declared he knew nothing Of
the Banks operations, except what was made
public. But, added Mr. W. the member
from Missouri habituay deals IN this arbitrary
assignment Of motive. Take away from his
speech those groundlcss imputations of mo-
tive, and would ho not be in the condition Of
that hero of antiquity, who, when stripped of
all the weapons which were poisoned, con-
trary to the rules Of honorable war-had no
arms icnY"
II An expression ofapplause too distinct to be
II exactly in order attested the admiration and
enjoyment of this pointed remark by the large
assemblage that hung with interest OH every