Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-28

NEUTRALITY-SUSPICIOUS. Treasury DAlA.
we below an interesting letter from our Wash
iuss.n relative the third reading OF me
Sub Bill in the Senate ofthc United states sn
night and Of the circunstanses attending that
evsut We also append the comments OF the National
Inrsnee being anxious to lay before our readers al
,h. aid md thought upon the subject at Washington,
rer.r,terv 10 oar remarks which we shall give in
full tomorrow morning The passage of the bill in its
form has taken every Body by surprise and the
asopishmen of that character in which satisfaction
.reponderates The administration do not affect to
conceal their shsgrin. ..4.
WAsnIkoroN, March 25th 1888.
hasten to inform yeu tina, the Sub Treasury Bill was
ordered third reading in the Senate last night at a
boat ten clock The motion of Mr. Cuthbert to strike
out the Esd section prevailed other amend meats
were proposed bat did succeed with the exception
Of one-and before the taken, Calhoun arose
and addressed the Senate in opposition to the ou ne
contended that it was worse than nothing' ana
could answer good purpose-that the Puohc money
would be deposited before and another Crash would
be the result in short time He called upon those with
whom he associated 10 vote against the bill outthey
would not obey him. They had their views, and
their party purposes to subserve the senate was
ful--every member on both sides present and the
all aleng was anticipated. Tomorrow the bill will be
read third time and passed. unless another protracted
discussion arises which is not likely Cahouns
is another evidence the ecceacies of genius they
are called Though advocate for the Sub Treas
ury Scheme and the Doerce, and having been tainted
for his and absurdies, he wheels round
the last moment, and not only opposes the BILL but
votes against ton the plea that certain section
struck out which had entirely changed its character.
How it willtake in the House syet be SEEN Cal.
houns friends in that body will join the opposition the
BILL bs may nevertheless, finally pass because it is
avore scheme of the administration, and is wanted
be made Of to perpetuate their power. Van Blu
rem knows the influence of money and patronage, and
will take care WELD TO his advantage whatever
may be the deleterious effects of the the
great interests Of the country.
In the House bill has been reported by the chairman
OF the Committee Of Ways and Means accompanied by
a report from the majority and from the minority
prepared by W. Sergeant which is said be very able.
The Senate bill will Of be first considered, and
an endless debate will arise upon it. Webster succeed
ed in introducing amendment into the Sub Treasury
Bill last night which all discrimination in the
payment Of the public dues and has the effect o repeal
ing the Treasury circular. Benton very erocious
rude and impudent. His in public speaking is de-
cidedly vulgar and offensive. The chandelier
lighted up believe, for the first time, looked very
splendid and threw fine light into the chamber. The
galleries crowded and the air. Of course hot and
offensive. HORACE.
From the National INTEL geRcer OF yesierday.l
We cannot but congratulate the country upon the re-
proceedings OF the Senate of which outline ap
pears in columns today. The debates in that body
upon the great financial topic, fer time past have
been conducted only great with ability but with
animation and spirit. As the decisions the
pending questions have approached and real
increased both sides Late Saturday, the voting
began The success OF Mr.. Cuthberts motion, a our
re ade will see struck Of the bill all the specispay
ing part Of and after some other Intellectual attempts
amendment, section inserted motion OF Mr..
Webster in place OF the parts thus strsck out making
ii unlawful for the Executive 10 discriminate between
different branches Of the revenue between landofice
money customs, Sc In respect to the funds or medium,
in winch debts to the Government may be paid
If the bill passes in its present shape the result
we understand IT, will be. that the Resolution Of 1915
prohibition the Secretary Of the Treasury against
making any discriminating partial orders affecting
receipts place, in branch of the revenue,
and not in all.
In the present state Of the bill therefore il retains its
vaults and cells its iron chests its Receivers General
&c and dsaows deposiies in banks bar antAorisss
rehes The receipt Of bank notes in payment Of dues to
Acsinst the BILL in this shape Mr.. CALHoBS spoke
with very great earnestness declaring thar instead of
divorce il renewal OF the connection between the
Government and the banks the odous form and
that the bill amended became law, the whole pro-
ceedng wculd end in the greatest farce ever exhibited
10 the People by any party. He declared himself deep
y mortified that all their excitement, and their expen
dare Of time and money, at the extra session and the
present session OF Congress- should thus terminate in
toa abandonment of the vital principle Of the
The question the final passage Of the bill, in Its
amended form, viii come up today We should not be
surprised IL the debate should be resumed but pro-
liability appears to be, that the bill will pass the
Senate.
How the bill will fare in the House Of
remains 70 be In every view we can take Of IT.
the effect of the passage Of such bill will be create
ef upon the body polite, to absorb, for the sop
port Of a useless excrescence portion OF the bodys
healthfu fluids The idea OF resortlng iron chests
and vaults for the sskeepng Of bank promses Of
banks psy) because the banks themselves not
be trusted is amusing be treated seriously. IL
viii be sbsut terrifying to the banks themselves a.
thc honest Hbcrnans threat TO break bank which he
had spite against by bsrnng all its notes he could get
hold of Second only in briliancy to this idea that
OF Furnishing the banks by locking sp their notes IN iron
safes and stone vaults, keep them out OF circula
ton
Upon the whole. incline to think that a majority
OF the House will admit do that Mr.. Cslhoun's
description of the bill IN its present form entirely just
and that the BILL therefore, ough, pass into
Law.
Mr. CAyLIrs ISDIAN GALLERY.-Beforc sailing cx