Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-07-09
NJ r. WRIGHT'S pIH

b'ooe, lis true character. We now fl :,
lar from being identical with Mr.. W,h.,a..- 90
which was rejected by tie Senate. there j. O',''
single feature IN common. We cony ,horn
ing analysis OF the bill from the N,tiona, ,a,o,r.
Ger, aud the proceednss omit:
AS introduced by lis author the bill coo,;
ou' one section and the object Of thai sec,ion
~ erect That Notwithstanding any th,ny rom
ialed III the 9th section Of the drposIe ar, :, -,
be lawful for the Secretary of n. tras ''''u'u
liiofIze the receipt Of bills, in payment of ,al,s -
government OF banks which may have sinc, ,b
4lh oil July, 1886 issued or paid ont notes n, b;lI :,
'css denomination than five dollars but with TIN,
restrictions that no bills shall BE- so received nrh,l
when shall after The first daYof Octoaer merit issn,
or pay out notes or bills of less denomination, In
i've dollars. In other word, the incapacity attached
to bank notes by reason of The banks HAVING he,.,a
lore issued or paid out small bills is removed and
they are to have till the FIST dly Of October nrxtt
call IN their small netes and their bills will ,b
De receivable at the post office, custom house
&c. "'s''
g" Mr.. WEBSTER moved a section, removing in
Ike manner, the disqualification which prevents
banks nom beng selected as deposite hank.
incurred by issuing small bills This gave rise To-
much debate and Mr.. WEGnr moved, instead
oi the section tins proposed by MI. WEBSTER
section repeating Tie arhote dtposite sysiem,
mat is to say The twelve irst sections otthe depos,o
law, the remaining sections of tha law beng thoss
which respect merely the distribution nr ,icnos,,
with the States. This motion was ADOPTED and in
tins shape the bill was ordered to be engrossed for :,
thfd reading. 1t has, therefore, two sections III,
first as have described ii abova and the secon,l Ia,
general repeal OF the dcposite system.
" As prospects currency, or the money win, u :,
shall be lawful for the Treasury to receive we nm
dersa1d the effect OF the whole to be dat from am,
altert the first day OF October next, the Joint
ton of lsl6 will be the law ofthe land except that
no bills or notes Of any ban; to be recciy ed,
Which bmk SHALL after tht day, issue or pay
out notes OF less denomination than five dollars.
As ii respects the custody or keeping o,thc pub
lie money, ii is evident that this bill puts all things
bach to that condition in which thry after the
removal Of the deposteS, and before Congress pas.
scd The law for the deposite and keeping oil .ucl,
public moneys; that IS TO sly, The public money is
hereafter TO he received, drpp>lted AMI kept, where
how and rs the Treasurer Of the United States my
see fit"
The bill, as originally reported by Mr.. Virgin,
would have met with little on 10 opposition. Bu,
the amendment last proposed by him, and winch
passed the Senate by vote Of % TO o. renders
dec icdly objectionable that we hope 1t Will be
iscted by the House Of Representatives, 1t is. n-
deed, as Mr.. Clay proclamedit, . another form OF
the Sub Treasury bill" in this, that il places the
whole public revenue in the custody and under the
control oirhc Federal Executive. unchecked and
unresuIaed by law.
This Latter amendment opposed, with great
ychemeucc by Ncssrs. Clay Webster, Sewer, Riyes,
ralnadse and C,iltendcn, and advocated by Aessrs.
Wight, Niles and Benton, and was finally adopted
by the following vote:
NEAS-Messrs. Allen. Benton. Brown, Buchan-
an, Clay, ot tlabaml, Cuibbcu, Fulton, Hubbard.
King, Linn. Lumpkin. Lyon, Mouton, Nicholas
Niles, Noryell, Pierce, Roaue, Robinson, Smith OF
Connecticut, Strange, 1rouer, Wall, Williams.
Wright, \ Dung %.
NAlS-Messrs. Bayard, Clay, Of Ky. Clayton.
Crluenden, Davis, Knight Mexican, Merrlck, Prem
tIss, Preston, ktyes, Robbins, Rugges Sewer,
Smith, OF Indiana, Southland, Spence, Swift, Tall
madge, Webster, White-2l.
On Monday the ID inst. this bill was finally pass
ed after an animated discussion, in which ii
opposed by Mess,s. Webster, Preston, Smith Of
Indiana, and ralImadgc and supported by Messrs
Benton aud Strange. We refer the corespon-
dcucc of the Baltimore Patriot for the interesting
particulars.
POSTSCRIPT.
We are glad to hear that, after an animated dis
cusson, tie House of Representatives struck out The
second section OF Wrigh'st bill, which repealed tho
Deposc Act OF l636, and agreed TO the lst seeuoh
i'll which amendment, it Is rumoied, the senate con-
cured. SO that the H. of L. las twice saved 'he
lion from the curse OF Sub Treasury Bin, and tho
public money from the grasp OF an usurp'ng f'Nee"-
tive.
o. The Globe has been thrown into a towering
passion Wy Il recent Mock uneral" in the fcde-
raj City, TO commemorate the death and burial %
the Sub Treasury bill. 1t said that there were
not less than 4 or 800 persons in the train, which
marched by torch-li t several of the number lear
lug transparent coffin their shoulders, upon
the sides Of Which, in large letters inscribed
the word - SUB-IREASURI." In the rear oithe
exhibited, on the sides Of which were different IN
scrptons, such as Gtor, Eaough," SOLITARY
and 44tone," DOZEN aciM the Monster" &c. By
the time the procession reached the Washington
Canal into which the coffin was thrown, its number
is SAID to have smeIled to at least 5000 PERSONS
brief address made previous to consgnlng 'hc
" Monster" TO lis watery grave, which was anno""
ced by firing II guns, indicating the nifJoi"s "
which the young Hercules of Corruption was S''''-
sIed IN its cradIe.-1he Globe rails at this eSh'o'
tiou as a studied insult to The President; thooe" "o
presume ii was not so intended The taste 'o' SUN
proceedings is certainly questionable; but Inc ''o'o
should recollcCt, that, long as the American p'o
pie arc flee, they will be very apt to manifest ui'''
JOY, IN such manner they may think the oecd'''
Jnstiies, OF their feelings dictate, whenever wv
Republic is preserved from impending danger
Popular reloclnss are not expected TO DC gosc'"e'
by that formal and studied code OF etiquette WIZ"
III, al IL, he