Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1840-02-28

country was embarrassed and distressed
our institutions are IN danger and he should
speak freely on all subjects. Hundreds
Of his constituents were suffering from the
effects of The INSTRUMENTATION OF public
affairs; children were crying for bread,
which their parents could not furnish, and
duty to the people demanded that he should
speak out
Mr.. Wright made somo further expla-
nations about personal matter, but sedu.
lousy avoided the main subject.
Mr. Hubbard of N. II. then came up to
the work, IN support of the Administration
and his Southern friends. and declared that
ne heartily approved ofhte gag resolution
adopted in The other House &c. &c. Such
mere party tool is not worth reporting,
and let him pass, without further notice.
After few remarks from Messrs Hem
dcrson of Mss, and Clay Of Ala. the pes
tlton present by Mr. Clay was laid upon
The table, and the Senate adjourned. l
have no space for comments. Correpon.
dence Boston Atias
WAsHISGToS, Feb. Is, 1910.
II can scarcely be doubted, that the Treasury
VIII be found destitute Of means, in a very short
period, 1t II be not now, absolulelyin bankrupt
condition.. The reduction Of The Tariff, that took
place on the 1st Of January, 1910 has already been
ie't in anticipation it will be felt in reality on the
Isl OF April. II is not only the reduction of the
Tariff, that has produced this resu, but The gen.
eral decline of commerce, has had vast effect on
the revenue of the nation. Ii is believed that the
Secretary of the treasury will want at least $40,
900 900 of funds after the LIST Of April, which the
revenue Of the whole union will not afford and
between April and the lst of Jan. 1S4l, he will
want and additional sum Of $40 900 900. The
sales of The public lands are suspended. by reason
OF The general embarrassment Of the whole cur.
rency and monetary systems /: and this, is one Of
the most important tributes ofrevenue, almost an.
initiated.
"The king wants money, and must have il" and
1t only remains TO ascertain how that money is to
be obtained. The party, as il did in 1887, re-
commend a loan the other will Insist on replen-
lshng the Golfers by issuing Treasury notes
Which way is The more desirable d! Ii appears to
me and confess that ! am fnancier-,lat
the issuing Of Treasury notes is 10 be preferred
raising money by a loan. In either case you do
but issue bond with This difference A.: that in the
case you raise money on the faith Of The Republic
by issuing bonds that at the same time act as a
nominal currency; whilst On the other hand. If
you come 10 direct loan, you issue bonds that
will be boarded up, and cannot he used as kind
of currency. The proposition either to raise money
by loah Or by the issuing Of Tresaury les, how
wv u
the wings and he friends of the administration
and such one as will lead TO a world of acrimony.
In the mean time, the war will be waged against
the banks with unabated ardor, and they will in
nine cases out of len get The worst of The bargain.
The war against The banks will NOT be closed iIl
every vestige of the present banking system is OBJ.
liberated.
Today. Mr. Davis, OF Indiana, asked leave to
move a resolution to extend the time for receiving
Det itOns o lle first dav of March
Objection being made, Mr.. Davis moved sus.
pension Of the rules, 10 enable him TO take his
resolution up, and demanded the ayes and nays,
which were ordered, and the motion 10 suspend
was lost ayes l0l, noes l04.
Mr.. Gave Joanson called up a resolution. sub.
mited several days ago, TO permit the Committee
on Elections to print sundry papers and documents
in It's possession, for he information Of the House.
Alter The suggested amendment.
Gen. Campbell, Of SOnlh Carolina Chairman
of the Committee on Elections, took the floor, and
made long explanation of The causes hat had led
to the delivery of a report on the New Jersey case.
fIe stated at length how The committee had stood
manuscript before him. and as did not distinctly
understand all he said, I cannot attempt to report
him. In concluding his remarks, he said that, If
the Committee on Elections, had been instructed TO
report simply To the House, winch Of the Two sets
of claimants from New Jersey, The wings or ,he
democrats, had majority of The suflrages of the
State, it would not have hesitaled to report in IA.
vor OF the Latter. There was evidence 10 be relied
on that they had majority OF The votes. But the
committee had other facts 10 report on, and ii dd
not choose 10 act on that part Of its duty alone.
The morning hour having expired the
specal order OF the day beng the annual
pension bill, was now called and the bill
was taken up, and opposed with great VIC.
Ience. by Messrs. Rice Garland. White of
Kentucky, T,Ilnghast of Rhode Island.
Mr.. Wise of Virginia, and John Bell of
Tennessee.
The main opposition to the bill rested
to meet the pension payment that fell due
on the 4h of March, provided those funds
were properly distributed and that to
meet the payment that fell due in Septem.
Der, it would be better to postpone the ne.
cessary appropriations I'LL the first of May
or June. The debate had not been con-
cluded at O'Clock
10 the Senate, nothing of any conse.
quence was transacted. As soon as the
ordinary business of the morning hour had
been disposed of confined principally to
petitions and memorials Mr. Grundy's re.
port, Benton's nonresumption resolutions.
with Mr.. Crlltenden's proposed amend.
mens, was taken up, and Mr.. Hubbard
of New Hampshire, took the floor, and
held it q day, in speaking against the
proposed amendment.
FLORIDA WAR.