Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1838-04-24

| ..srr.. mish rrant ~ f.fu.e To- -ts,r banks the
Pnsisgs at having ti.'f t~. srer's~d ~ f'sroae-
.. "a th-f. TORI ui ali l.ar,rs saPp,.rd lhst
Cnstss ~ ns a,scn t,o. might subuiisr the rerip
.f bank n",rs h. ssus priaairr was ine"fPofs,rd
,utn thu bank charter OF 1916 INDEED IL ~ the
biil which the gcutlemsn hi,ose tepot 81 and pass
I'd without oilectin from ANY quarter But this not
all Mr. Prrsdent let iuok into the pfoeee Of
the -rssIon al isl5-'iU liulr more cl-ely. Al the
roinnis mrni ui that sessitn Mr. Madison drew our
attention To- the state uf the currency; by which he
meant the paper currency 81 the country, Which was
then very much d.odtrrd, ne the banks had suspend
I'd specie paymrnt duriag the aud had not r-sm
I'd. Early the progress Of the SESSION. the hunursbr
~, mbcr from Souih Carolina moved that this part of
the message should be referred t" select committee.
II was oIdrfrd. The ,nmittr- was ras.d, aud he
hnuorablr s-ucman placed u, its head As ch1irtnsn
ct the coii,nr- - introduced the bank bill, explain.
I'd IT, drirndrd a. aud carried II iriumplaniiy through
the iIousr having IA II the provision which before
mentt.,u.d
But there j. something Al the same srs.on
the gentleman intlucrd the bill tr the further collrc.
tun uf the r,v,urr. 10 viii Ia have au adv irr-d.
aud IN VII ch blIl he carried The rrcevabI'y of bank
NOTES MUGS further. aud provided that R1ts If any
i"Hk fanLes chL ,rts yabic and toid inand,
~ syc re- might be doned "t atoepted a. payments
ofke Uni al Sat 81 that the h'notanr gentleman
hin,sri drew with his pen, ne ,rty first legal
"nnrturnt IN the history al this G",rrnurnt, by
~ hclI II provided that IA" notes of State Banks
should bc considered aud treat, money at the
NY. Sui further, SIR. The butt conta ming thus pro-
visi"n did not pass Tia, II use aud | deem some
provision ssary. ndispr nsaby necessary, for the
! - 80 ~ - '''" NV
', y " tI 80 Wy ' ~ Wv "'"'r'"" e "
| -, = 10 80 ' ' i"r wv" "'S' W.T.
10y ''i ""'s' '''cS anu
'hi"s, "nRh |" Ce uhh''n ana mat the revenues 81
The Unltrd STATES ought I" lie collected aud received
III ia" legal currency ~ IN treasury notes or the notes
lot the Bunk ot the u.litrd States 10y law provided
lhrsc two 'rs"lui"ns agreed to waive, as IT was
thought they were not essential. aud thu, they might
IMPLY some d"gme "i ocnsnr" upon past Transactions
The Third ns",uiion ~ ihesr words
".ind ,'s)irtd further, That the Secretary Of the
Treasury hr, and ic by is. required aud directed to
adopt such measures US lac may deem necessary 10 Gauss"
~ soon us may be- al duirs taxes, Debts ~ sns -"
money acctulns or br"on'ng payable to the United
states t" br COLLECTED snd paul IN tie legal currency g"
the unhd States, oi Treasury n"irs, or NOES of the
Bank "i the United sa'rs as aforesaid and that from
ind after the hrst day &" f. baiy next no SUCH DUTIES
taxes, d' BITS. or sums Z" money accIuing bvcnning
payable 10 the United States as aforesaid, ought 10 be
COLLECTED or crvrd "thcrwsr than IN The iegai turrcn
lcy {" the United States "r Treasury nies, notes of
me banhof The United sthe', ms aforesaid
HE S"nale wll Perceive That, IN this resolution of
niue there wa, no provision whatever tot r-cciving
bank notes, except 81 the bank 1T the Uhltrd states,
according to lis charter Well. hat happeued thereon
why, 81, il you hook into the National lurlnsrncrr
IF succeeding day you viii find It stated, that MIR
Calhoun u,pyr0 Ia aIn-nd Mr. Wrb,rrs RI sn.u,ton by
,r,usjo, ms yfUrisors ,h, u0fs If an LagLs ,rb Ri
.b0Did IL bs ie sDe jfed le,,;u yoy their uoes l.,
spec,e IN at m ind
TINS he nj al amused n nd Cor lime deG.,ed.
but i, was r,u.w.d nd ii,,liv r,,v,,I,J II wns ucr
p rated into the res ,u"m, b, came part OF tue law of
lin, /, ID and =, remains nt Tins v,rv u,,nrn, 81
,,y ,, now saw t., Ih. hon rnb m ,,,., ,h,, # ,,
constitution ct the country has hryn violated nv IRENE
mr. bank u,.rs AS money = :. / huu art the man
How rs II n,,sl,ie si Ih.. prutru,.n ,nuld so far
forget his own agency IN thr st must tinsic
tI,s as To- stand up IN. the her ,av aud with an air
not only OF cnnidr. c. but of drfiincr, "But |
take slili hiarr ground strike tn. i,"t ol the
mischief deny the r'rn Tins Government treat
ak as money u fiscal Ira n<nctnus Ga tins
rica, q,msinn never ave i-!ore committed nvsrti
though not zen, ally disp srd t. obtiin ron forming
or x,nrss.ng opinions
! VIII only add, sIr that this reception aud pa ymrnt
If bank noes was rlpss r,cnun izeh Nv TIE act Of
the iih AprI Ic:h d, The drp,s!lr act of Junc I
tint year. uud y thu b winch passed 10th llprscs IN
I-31 but when the rt,sG,u did u-ii,,r npDr,, NOR
ciurn IL all these acis 30 lar as know the hnnnra.
bic member from South Cau,llua nins,f c,ucurrcd
So much f Z Huth,uiy
But now sn what is In. princ nile of continuation
up IN winch the gentleman rli, To- sustain m. dlun
I'M. u.utus of ur co,s,uu,,ou ne snvs l.. orros, If
tn tl. assumption ui pnw,r Tins Is undnniardy trur
ne, one can Gcny II But he adds whatever pDwe, II
a hives. Is -sprrssiy granted
Bal tu;,y n TINS hy no means follows from the
first Or pusI,tn n cannot ,r maintained is doubt.
les, ru. tn.t no power IS to he assum+d but then
y,wrr, may re Inferred 81 necessarily nplrd Il Is
,,, n 4. ,i,nu Of ,,.un,n,un il ia "A an, slim { far