The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-03-07

in dispute, which was perfectly conclusive.
felt himself compelled to characterize those
remarks Of the Senator from Pennsy lvania as
supplementary, ungentlemanly, and un-
true"
But, besides this personal controversy,
which must have been painful TO all who would
have the dignity of the Senate preserved,
there was, yesterday, the most extraordinary
reeantdtion, by some prominent Senators IN
the Administration ranks, Of many Of the
doctrines Of the party. Mr.. BUCHANAN, Mr..
GRUsDY, and Mr. KING, now declare for
themselves and their party, that they are nor,
and neper hare been, adverse TO the Banking
Institutions Of the country that they are
not, and never have been, hard money men
DO these Senators imagine that the people
are to be deceived by these disclaimers at
this time of day, in the face Of their own
avowals and declarations, and those of other
leaders Of their party, and of all their daily,
weekly, and monthly organs, from the Globe
and Democratic Review, to the most insight
ficant loco-foco journal which echoes the Or
ders of the Executive The people will
give them no credit for these late avowals.-
They are intended for the nonce, or extorted
from fear Of that tide Of popular indignation
which is swelling, and will continue to roll
on, until the destroyers of the credit and
prosperity of the country are overwhelmed.
MIR. PREsToN took occasion, after the con-
versation between Messrs BUCHANAN and
DAVIS was over, to state emphaiically that he
had apprehended the meaning and force Of
the remarks of the Senator from Pennsylva-
MIA, precisely as they had been understood by
Mr.. Davis. Mr.. Clay bore the same testimo-
ny. Mr. Merrick and Mr.. Henderson, and
Mr.. Smith, Of Indiana, in their speeches on
the Sub-treasury, each attributed to Mr.. Blu
chanan precisely the same course Of argu-
ment. The contributors to the public press
did the same. Is it not most extraordinary,
that man who speaks as plainly as the Sc
nator from Pennsylvania, should hove been
misunderstood by all these different gentle
men,! Is not the conformity Of their appre-
tensions Of his speech, evidence Of the cor
rectness of Mr.. Davis representations and
does it not especially deprive Mr.. Buchanan
Of all apology for characterizing them as
" false" "hagitious," and peculiarly infa-
nous 7"
Mr.. CLAY, Of Kentucky, who appeared in
the Senate for the first time since his visit TO
Virginia, commented in strain Of inimitable
| pleasantly on the extraordinary recantations
which had just been made. "Where am ! :"
he asked. "This is the Senate-that is the
portrait Of Washington, pointing to the picture
of the Father of his country which adorns the
Chamber,) but really gentlemen seem to have
lost their personal identity. What, sir, the
| Senators on the Administration side not in
in favor of specie currency-not opposed
to banking institntions-not enemies of the
credit system! Why, sir. what have we
heard repeatedly from the members on that
! side but denunciation on denunciations against
banks, against credit, against paper money,
and eulogy on eulogy of specie currency 7"
Mr. Clay proceeded TO express his regret that the
recanalon not general--that the Senators from
| Ohio, and North Carolina, and the distinguished
Senator from Missouri, did not come out in the same
way. He hoped that since gentlemen had abandon
ed many Of the doctrines connected with the Sub
treasury they would go one step further, and give
| up that scheme itself He very properly attributed
these recantaions to the force Of public sentiment,
which he also designated the potent of that
long sleep which the Sub-treasury bill has been al
lowed to enjoy the Speakers table in the House
OF Representatives.
Mr. CALHOUN wasthe only man in the Sub-Trea-
sury ranks, who had the boldness 10 avow his adhe-
renee to the measures which identified with that
party. He unhesitatingly declared that whatever
course others might pursue he took the responsible
lily of repeating, that he regarded the Banking Sys-
TEN as the greatest Calamity to the nation and was
opposed TO ENGRAVING il, in any form whatever, on
the Constitution of the United States; which, he re-
marked few days ago, would be The effect OF Mr..
Buchanans currency resolution.