The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-03-31
CONGRESS-.
UNITED STATES sENATE-March 30

In the Senate, to-day, Mr.. TALLMApoE presented
petition from citizens OF Onondsga County, New
York, praying for the passage OF a uniform Bank
rupt Law
Mr. WEBSTER presented memorial OF a similar cha
facier, from certain citizens Of Boston. and took
easoh to express his great wish that something
should be done towards the object of the memorial
as soon as possible. He also hoped il would not be
considered indicate 10 ask the Chairman Of the
oomlhi'tee on The Judiciary, whether the Senate
mighl expect Bill for this purpose to be brought
forward al an early day
Mr.. WALL replied that the Committee had great
deal OF business before them but still they had de-
voted much time 10 this subject, and would present
measure with as little delay as possible.
Mr.. WEBSTER, in reply, minated that he had
thrown into The form of bill, his views of the pro-
visions which he deemed expedient and necessary,
and fthey would be acceptable 10 the Committee, or
be Of any aid in framing proper measure, he would
be happy TO present them.
Mr. KALAMAZOO also reminded the Senate that
with the concurrence Of the Chairman OF the Com
mittee of the Judiciary, he had given notice OF his
intention TO present bill for uniform system oil
bankruptcy. Without presuming to inlrude his
views or 10 take any LEAD in this matter he would
cheerfiIly present them if they would be acceptable
Mr. WALL said he hoped the Senators from Mas
sachuseits and New York would bring in their mea-
sures; and assured them that they would receive Inc
fullest consideration and that the committee would
bring in bill as soon as was consistent with a due
attention 10 the subject
TREASURY BILL.
The bill (Which passed the House on Friday
night authorizing The issue Of Treasury notes TO
the amount. of FIVE millions of dollars, came up on
its first and second reading
Mr. HUBBARD then rose and said that the Chair
man of The Committee on Finance absent from
indsposi,ion in his family In his absence the Com
mttee have met this morning, and instructed him to
call up the bill at the earliest possible moment
They had examined the bill, and finding no differ
ence between ii and the printed copies which had
long been on the table-hey had further instructed
him TO ask the Senate to regard the bill having
been referred 10 the Committee and reported back
without amendment. Tie bill was accordingly
taken up.
Mr. HUBBARD gave some explanations Of the pre-
sent condition of the Treasury which, by his show
ing, presents beggary account Of empty boxes in
Decd and concluded by urging the passage Of the
bill
Mr. WEnrsER followed, and spoke at considera-
Treasury Note policy, which he believed the
most expensive Objectionable mode OF supplying
the necessities Of Government CA sketch Of his
speech will be given in our next)
Mr.. HuBnARD replied; and, after some brief ex-
plantations from Mr.. Webster,
Mr. Benton rose and expressed his objections to
the bill, which were the those he had stated
at former session, and which he would adhere TO-
4 4 ,anf m frpu
the Department. and regretted that the committee
had responded TO the call favorably II money was
wanted he preferred that il should be raised by di
rect loan. He could moi vote for the bill.
Mr. HuBnAaD expressed his establishment that Tho
Senator from Missouri who had so often stood up to
denounce monopolies and corporations should prefer
10 this measure scheme which would place the
Government at The mercy of bankers and capitalists.
| Mr. BENTON said he would not now rearsue tho
question; but he adhered 10 the views and argu-
mis- he had advanced when Treasury Mole Bill
was under discussi n al a former session.
! The bill then reported from the COMMITTEE OF
The Whole to The Senate and Immediately read
third time; and the question being on lis present
passage:
Mi PaEsroN rose. and stated HIS objections to the
Bill on the grounds Of unconstituionality, and mex
pedIenry. lie Del1tPeu tuele was Ho duH
whatever in the Constitution for the issue OF these
notes; and that they designed 10 lead 10 the es
adjustment of a Government Bank; and perma-
nent Treasury currency and would stimulate pro-
digalily and protusion He had expressed his OBJ
ections, at former session. at large 10 this Freasu-
~ note SYSTEM and he would now onyrepea', Thai ac-
knowled ging the necessities Of the Government, no
necessity whatever would induce him to vote for
this Bill
The ayes and nays being called BY Mr. CLAY, OF
Kentucky,
Mr.. SMITH, Of Indiana, made some observations on
The exceptionable character Of the measure, pur
avowed his willingness vote for il, with The under
standing, however, that he would never DC looked %
as being in favor of bill OF this kind
Mr.. Buchanan declared that nothing would inouce
him 10 vote for the bill but the belief that the money
REQUIRED could be raised in another way.
The question was taken on the tnat passage Oh
the bill. and carried IN the affirmative, as follows
YEAS-Messrs Allen, Anderson, Brown, bu-
chanan, Calhoun, Clay, Of Ala, Cuhber,,, DIXON
Fulton Hubbard King, Linn, Lnmpkih, Nieno.as'
Noryel. Phelps, Pierce Roane, Robinson sewer
Smith of Indiana, Strange, Sturgeon, lai'maoge,
Young-25. ~
NAYS Messrs Benton, Clay, Of KY Clayton,
Davis. Merfick, Preston, Whte-7.
HOUSE OF REPRESEN rATIVES,