Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-03-30

WIN hsaoeciionS It was Known % be asrlpSs 10
send d 10 nm unless there waSa tuat,rirv of tvo.
I thirds for u in each House. such maturity coull
not he oonciiiaied, and The bin. after becnninv an
act Of the Senate. died out in the House of Repre-
senauyeS, aud was succeeded by another act in the
Senate TO accomplish parto us purpose namely
the hl. 10 distribute, under the name of ieDo,i,e
/ ihriy-SN millions OF public MONEYS among lie
\ STATES Tins latter became law; il was only A.
bout ore hall the magnitude of It's predecessor and
pngeninr, the Eve wears land revenue distribution
( bill. l. was only hall the magnitude of that bl
but The o0e-iai Of IT, even, enough TO crush the
| great opposite hanks,
was one Of the lew who opposed all three orthese
hiiis ald especially opposed the one from which
two sections have Just been read and nr the loss Of
which General Jackson has been so incontnenty
denounced on this floor, and for the want Of which
so many evils have been asserted 70 have arisen. !
Join issue upon these assertions. | denounce this
Till Tow, rs did when il was on lis passage, as
btl that would have binkrapied the depoSjle banks
and tankrupted The Treasury, and laid the Govern
ment under lie necessity Of reviving the taui or
borrowing money TO deiray its ordinary daily and
curren, expenses These were my DECLARATIONS
then, when the bill was on lis passage in MAY, 1856;
aud | expressed myself with such earnesjGe with
respect the danger 10 the banks and the TrgaSu-
~, that member Of the Senate and friend now
present suggested that they would alarm the couu-
try Il published as if DELIVERED; and In consequence
.he speech vas but partially and impertctIy report
ed. The bill died IL the House of Representatives;
il never became 4 law was satisfied and should
never have troubled tie Senate aud the country
with a revival Of the subject had 1t mol been now
revived by the author Of the hl for the purpose Of
atributng to it vast merit. and for the purpose OF
reiteralinr upon General Jackson, an OFF repeated
denuneaon. The defunct bill is resuSctalcd by
lis authnr-resusrltated to claim our sympatheS as
a measure Of b1nc.iceuCe % the country and to cN-
cite our resentment against General Jackson, as The
the destroyer OF SO fine a measure Revived, re-
suScitaled, dug up from lis grave IN tbs manner
AMI for these purposes, II becomes Legitimate sun
icct for parliamentary anjmadverSlon and mean
u advert upon itlieeiy coscly aud truly that tie
country may not only see what it Is they are called
upon to regret, and TO ceuSure General jackson for
DESTROYING but also 10 enable all men who are Of
!" sound mind and memory To Judge for themselves
what this country would come to II its desllnieS
were in the hands Of the friends and supporters Of
such bill
now address myself to the candor and intel.i-
gence Of all partes. in this chamber and ont Of il
and invoke their attention. aud the decision Of their
minds on the case which viii be presented. The
bill in its third section, provides for the distribution
ofhe money which had been received from The sales
Of the public lands for The three preceding years
and which money had already IN great part, been
expended by the Government 1t ordered the a.
mounts received from the lands in the years 1898,
81, and 55, TO be divided out; the division 10
commence on the first day Of july next ensuing
aud 10 be accomplished al four instruments at unt-
ty days apaIt.-lhS was one clause of the bill ard
The amount on Which It would have operated WIS
Sl3 $50 $50; that is To say, the sum of So 067 $50
for 1883 the sum of S Sj7 500 for 1884; and the
sum of Sl4 ISL, 400 for 1885 This would have
made the sum Of nearly six millions, in round num-
hers payable out Of the Treasury at intervals OF
ninety days, to wit: on the first days Of Juy, Octo-
Der, January and April The whole sum Of twenty
three millions and half would have been payable
in The short space Of about nine monlS and that in
addition to thlrly-one millions which would be re-
quired for the service Of the Government during
the same year. So much Tor one branch Of the dis.
tfibuon clause. Tie second branch of it ordered
the proceeds of the Land sales for the years 1886
and 1887 to be also divided out, but by bali year
", instead Of quarterly process. The first pay
meut was to be made on the first of July ensuing
being the same day on which the quarterly pay
ments began; the second was to be made on the Isl
OF January, 1887, being the same day on which teh
third quarterly payment became due the third
half payment was 10 be made on the first of July,
1887 and the fourth on the first Of January, 1888
Now what is the amount which this second branch
Of the distribution clause would have diverted from
The Treasury, and in what time' Sir, the amount
would have been 81 ,653,3S0 dollars, and he time
wopd have been eighteen months Such would
have been the amount payable in tia, short tine
for tn, sales OF the lands in 1886 Were 2IS77179
dollars, and ior 1897 they were 6776, 236, and this
IN addition tn The sum required for the service Of
the Government in 1887, which was hrty-nine mill
IONS OF dollars. The whole amount which would
q
of july, 1886 and the first Of January, 1888, would
have been 55Ss6,36 dollars aud The service Of
the Government for the same time would have re-
oulred lust about as much more. a table Of dates
aud sums will show The amount and distribution Of
these enormous calls for money.