The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-12-25

ring on the passage ui The last cause as S''c"
Mr. Potts Of Pcnnsy lvania moved to lay 1t on inc
table, (which WAS rejected, Ayes 50, Nays iS9'-
1t was then adopted by vote of l2o to TO-
so The whole series ofrcsolutions was agreed ~
and will be acted upon the order of inc mouse
and accordingly all memorials, petitions, and "ther
papers relating TO Slavery in any maner, WI" oo
con gncd TO The "'rumb Of the CapuletS, there TO
he undisturbtd for the remainder OF tins session at
least.
Dec 18th, 1888
The Senate Chamber n theatre OF great at
traction today. At this early PerI"u y, J' %nl1.
sion the proc erdings are usually iorlhnl anu uu'
but have lust returned from the Captoi, AFTER us
tening to a5iebne of great anmat'on' l''elest 'u
importance. The subject was the losPon'',,ent "
the Fourth lnstanent ofDeposItes win the suites,
bur the discussion took wide range and several
of the most distinguished speakers who give '"SlFe
and dignity to the Senate, as they would 10 any
Legislative body in The world P"ruciPaleu 10 !"
Mr. WfigM rom the Committee on finance, III
troduced bill T., puspuEc the fourth insialneht OF
de poses with the Stn's un'il the iurh'r ac'ion OF
Congress. He asked The ImmedIa'e cons ue'a'io"
of the bill, which was agreed IL. 1t was READ
first and second time and Tho question being put
ordering it 20 be engr"ssed tor Il third rrodlhg,
Mr. Cidy OF Kentucky rose, and declared hmst't
opposed t" an indctinHe postpohe'aent. lie laugh
ingy told H1ight there was somcthi pleasant IN
holding out the prOmi ST. that what the Stat had
right TO expect, they would Mt some time receive
II tor naming stated period, and, according
iy moved rs an amendment, 10 postpone thr pay
mert to the LIST of January. lS4O.
Mr. Wright opposed the amendment, and insisted
on his original motion lie had framed the OIL
in reference to the eXibit the Secretary had made
of the condition of the Treasury. That showed 1t
was impossible to pay the instrument when due,
in 1889 ; and there no reason 10 believe IL
could be paid in 1910. The Secrctary's antcipa-
tons Of the resources Of the government were all
against such an assumption.
Mr. Clay, in reply, said ii was undoubtedly true
that the Treasury was IN Il worry low CONDITION -
The defacations that haye already come to light
and hose which mny be exp, ct 20 appear
ed 1t very difficult to say what engagement OF the
Treasury can be kept. Still, he wished TO see
the government manesling disposition to fulfil Its
promises-to keep its plodges-to secure to the
people what they had right 10 expect.
MIR Calhoun said he would 60 for the amend me Mt
Of MIR Clay. lie did not, however, regard the de-
posite act as in any manner, creating pledge on
part of The government to the states. lie looked
upon it merely as measure o!eApediency ana poi
icy, to get rid Of great and pressing evil an I'M
wiedly sun Plus. lie thought, too, that the Propo
sition Of Mr. Clay, calculated to have Il tavora-
Bile effect upon the reduction ofthe public expendi
lures, and TO force on the part OF the admistra
lion and It's friends, more rigid regard 10 ecoho'
my.
Mr. Mics of Connecticut, then took the floor
People in the galleries make it point not to listen
to him-except for purposes of fun.
Thomas III. Benton followed n q characteristic
speech, redoIent all of his eonce that he is,
in the words of Powers song, " a janius-trom top
MIR Preston spoke with his accustomed eloquence
and power He regarded the Deposit Act as de-
ceplion on the people, executed as 1t had been ~
wished them TO be deceived no longer. II 1t was
not intended 10 pay the Instament which the states
had been led to expect, it ought TO be declared.
proposition ought to be broug hit forward tor inc en-
tire repeat Of the Act. He ould go for that but
if il was not assented to- then he would support The
amendment of Mr. Clay.
Mr. 7Mimadge defended the Depositc .4ct with
great spirit and force, and especially vIndicated 1t
from The charge of having been productive OF lnJu-
nv to the country and the cause OF the late expios
ion in monetary affairs. lie commented, with
great pungency, on the extraVagant appropriations
recommended by the Missouri Senator, aud depict
ed The conseq uences which would inevitably have
followed had they been passed. Mr. T. supported
Mr. Clays amendment.
Mr. Calhoun spoke second time, and in the
course of his few remarks he administered, what
new allies, rebuke to these who had been so
| loud and earnest in decryng the Deposite Act tie
maintained that measure was highly bcnehcial as
through lis instrumentali!y the nation had got rid
of one evil Of the most oppressive character-the
Surplus. tie attributed that Surplus, and all the
| evil which had flowed from it, primarily, to the
Tariff oflS24, and 1928.
! Mr. Clay controversial, with great power OF ar
gument these assumptions lie maintained thai
the Surplus had been, in great measure, produced
| by tho spirit Of speculation, which was excited by
| the Government itself urging The Depos'te Banks
to lend the public money freely, and by its conse-
quen, lavish Use by favorites aud adventures and
that his Bill to distribute the proceeds of the sales
of public lands would, Of itself, have been snhc-
lent preventit. He emphatically denied that he
had ever been in favor of any system OF raising
money for purposes of distribution.
With regard to the payment of the Fourth In
stalment, he contended, that, if rigid system OF
economy adopted, and adhered 20, there would
be no difficulty. Rednce your expenditures Eek
! claimed h") not to tho amount under the t1hara-