Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-06-25
TIE suB-TREAsURY BILL.


,s,d through by the Clerk
Al, Cambreenc who of course entitled 10
.se floor gave way, At his request. 10
M, Thompson OF South Carolina, who moved the
following substitute:
ar and insert That all dues to the Government
hD hereafter be collected in gold and silver com,
Treasury notes of the United States, and The notes
NJ sound spe paying banks under such regulations
5 ,csrictiops as may be prescribed by ACT Of Con
sress or BY the Secretary OF the treasury frort-
J,3 That no bank notes shall be received as aiore
,ald except such the bank oil derostc shall agree
10 receive and credit as casll.
. Ben further eaacted, That the Secretary OF the
Treasury be and he is hereby, required TO select as
.neciaI repositories of the public funds and at such
places as may be neoe1s, n.y. sound specie paying
banks pelerrins in all where such exist banks
owned IN whole IN part by the States III winch TIE
same situated
g. Be Il further enacted. That the Secretary be-
and he hereby directed contract with the banks
selected repositories aforesaid for the SHE keep
ing. transfer, aud disbursement OF the pubic reve-
nue. such terms and for such compensation as he
may deem right and proper stipuating IN all ca
SEES under such guarantees as he may think necessa-
~, that the public funds deposited with SAID banks
shall be in used IN their business, nor other
wise used but in payment OF drafts from the lfeasu-
~
Mr.. Garland of Virginia then said lie would, with
leave from the gentleman from New York, submit
motion which, without the resort 10 any amend
ment or substitute, would test the sense oil Tie
House the merits of the bill. lie moved TO
strike out the enactng clause
Mr. C@"breleng then opened the discussion in a
speech, which the Globe calls - cem, condensed
and able exposition of the state of the issue before
the couutrs.' lie was followed by Mr.. pIckens on
the same SIDE IN speech, says the same print, re
markable for energy aud eloqnence." It's opening,
concludes the Globe = promises well for profound
and Interesting discussion
Mr.. Thompson's proposed amcndmcn, is the Spc-
cal Opposite scheme
Gorcrnmcnt Neasures.-1lle effect, il not the de
sign, OF the policy of the government is to delay a
general resumption of specie payments, if not to pre-
vent it altogether That this So clear to be
denied. The Philadelphia Commercial List, of the
10th inst. says:
The new Treasury Circular and the apprehen-
sion felt by the business community, of the passage
Of the Sub Treasury Law by Congress, added to the
unusually warm weather, have considerably checked
and paraly business operations. Buyers hold /
back, waiting for the decision OF Congress. Capital
asts refuse to lend their money make investments
until the decision of Congress is known regards
.the Sub Treasury Bill. The Banks have commcuc-
I'D cuit,iiing, and the idea of an immediate lesump-
ton OF specie payments is scarcely named. In short
all classes OF the community here anxiousy look
ing to Washington TO lealn the tate OF the Sub Trea-
sury Bill
And the New lorh Courier, of the same date, has
abe following paragraph:
THE recent intelligence received from Washing
ton. having generally favored The impression ilat the
Sub Treasury Bill would be defeated in the House,
has again tended partially to restore little spirit
ard confidence. Under the influence of tn feeling,
the stock market yesterday improved considerably;
the business having been larger than or several pre-
ted,ng days, and al prices generally showing ad
vance
Hh,teuashiae.- the House of Representatives
on the 18th lust. after the Journal read, Mr. Me
Kay, OF y. &. moved 10 consider vote by which
petition Of Francis p. Blair. editor Of the Globe,
had been referred to the committee on Post Offices
and Post Roads, for the purpose of moving its refer
tnce to Select Committee. This petition asks
Congress TO relieve Blair from paying heavy penal
~ for "A delaulttns Postmaster, for whom he ".
surety; and complains that Amos Kendall will not
pay HIM $500 iof printing done for the Post Office
Department, whilst Mr. Barry was Postmaster Geue-
raj, upon the ground that the job was Illegal &c.
1t concludes with praying Congress examine into
these claims, and also rs to how the public printing
IN the Globe establishment done, &c. &c. After
warm debate, that potion OF the petition relating
the claims referred the Post Office committee
and the remainder to Select committee. Mr. Polk
has appointed Messrs. Mckay, Hopkins, Thomas,
llamer and Hoffman the COMMUNICATIONS admins
tration men and one Wing II Bair fails to get a
Whewashing from such committee, he must be
corrupt beyond redemption.
BY the way, the idea of Francis p. Blair's com
planning of Amos Kendall. is subIimey Iudicrous.
They are pair Of cunning roeues, doubt; but
they overshoot the mark, if they expect to make the
public believe that they have "flen out by the way"
1t is scurvy and shallow tick to blind the people
and makes US think that there have been eollasjons
between them, which they afraid will be detected
IT, Tot example, the $1,000, which Bair contends an
unjustly withheld from Inn by Kendall, were due to
him so long ago Barry's administrations why have
we now for the fsit time heard Of il There's ras-
caliy afoat, depend upon and this movement is |
i intended to smother it.
The ToraS quest'oa.-Mr. J. Q. Adams has dcliv-
cred very animated speech the Texas question
IN the course OF which he particularly severe up
on the committee of foreign relations, most of whom
declared that they had read one of the petitions
teferrcd to them, that subject.
u The Fredericksburg Arena advocates, with
great earncstncss, an increase of standing army
which is unquestlonaJly small lor the ptotecuon
OF our vast lines Of maritime and inland fronier