The Madisonian., 1840-01-25

and elly Of Phsdelphs. asking that siesnboa, may
he bolt be employed 10 the revenue service 10 the
Delaware bay. MIR u commended this measure 10 the
Committee on Commerce by stating that vessel Of
that character could no where be more useinlly en-
ployed than in that quarter. as by the aid Of steam
vessel ships could be trought within the break~se
where they would be entirely safe from the influence oi
! storms.
By Mr. HUBBARD: From the Legislative Council
Of Wisconsin, asking the aid Of the Government Ia the
construction Of penIieniIsry
By Mir CRITT'ENDEN: Statements Of the affairs
Of the Louisville and Portland Canal Company.
REPORTS From COMMITTEES.
Mr. WRIGHT, from the Committee on Finance.
reported bl for the relief of the legal representatives
Of II. j. Pickering and others, without amendment,
stating that he had been instructed by majority Of the
committee. when II came up IN It's order to recommend
! its indefinite post ponenlent.
Aso asked TO be discharged from the further consi-
derstop OF the petition Of Samuel Law, and ha. II be
referred TO the Committee on the Judiciary.
\ Mr TAPPAN inquired Of the chairman Of the com
ml,iee fr the District Of Columbia if he abou, to
make report IN relation to the Banks OF the District of
Columbia within short period, he had measure to
offer connected with thai subject
i MIR. MERRlCk said be could not say exactly at
what time The committee would be ready 10 report -
The matter had been before the committee Some Of
the banks had asked for renewal Of their charters, aud
/ others had not yet done
! Mr.. TAPPAN then gave notice that he would, some
time hei CO. bfing III b 10 regulate the Issues OF Inc
banks Of the DslIict Of Columbia.
Mr.. PIERCE, from the Committee on Pensions.
made an adverse report on ihe petition Of Arthur Ma
hews
| Mr.. TAPPAN, from the Committee on Naval Ar
fairs made adverse report the memorial oi John
I Whitehead and Others which was ordered TO be
! printed.
Mr. RUGGLES, from the Committee on Com
merce, made an adverse report oa the petition Of
! Nathaniel Gunnison.
i II ;t,.l trip pU
into the expedency OF amending the 47th rule Of
1 the Senate as 10 admit the reporter OF the Supreme
Coun and the District Attorney within the bar Of the
| Senate.
THE sUB-rRgAsURY.
The bill providing for the collection, safekeeping
and transfer Of The public moneys coming up again
on The question of its passage
! Mr.. HENDERSON spoke al length in opposition
TO the bill, and collaterally in favor of United
States Bank
MIR. TAPPAN was understood 10 say that he had
been desirous Of speaking on this subject and still
4 pro osed 10 do if the debate should be further
pro,racted; but, If the bill could pass to-day, he
would not by speaking delay its passage
Mr.. SMITH, Of Indiana, said The final vote Is
about 10 be taken. In few minutes this bill will
pass, and leave this body do not rise 10 make
speech on the bill view it merely as portion OF
the machinery OF the Administration by which il
proposes 10 carry out It's financial policy. no lon
ger against the machine; il is useless here. II
is against the policy that | desire TO say single
pairing word The policy Of The Administration
has heretofore been too equvoca to be understood
bat, thanks 10 the Senator's who have supported this
4 bill they have come out openly and manlnly, and
have torn the mask from this measure II is openly
avowed and maintained here that The policy of the
| Administration is 10 crush the banks-Io drive out
of circulation paper money-to annhate credit
to reduce the circulati. 10 CON- or spece-to di-
minsh the value Of real and personal es te at least
one har--to effect the price Of produce and OF free
lz5or in like proportion 10 arrest all further State
and individua! enterprise and improvements.
! There can, therefore, no longer b, any doubt in
This matter. lie, the States and individuals who
| have entered into contracts with reference 10 the
state of the currency at that time and who expected
TO pay in like currency, longer rely on that de-
iu>iye hope. The enterprsing industrious man,
without capital who relied on credit 10 aid his ener-
gies m ay abandon the idea. The banks may prepare
to wind up their concerns, ii the Government can
force them to do SO, and their debtors pay in gold
and silver The farmer may calculate on receiving
less than half bis former prices for his produce
Let the free day aborer prepare for such times he
! has never witnessed, as State and individual i'm
provements must cease Ia word, let the Federal
officers Ezccutpe officers of The Courts and The eapi-
talias OF the nation look up and rejoice, but let all
other elos~sprepare for The crisis We have done all,
al this and former sessions, could TO arrest this
| fatal policy, to stay the hand uplIied 10 give the
blow but the Executive arm has proved too strong
for the Legislative. The Administration is inexor-
able | have no hopes of arre,ting here this mea-
sure, or the policy OF The Administration. | submit
the matter the People, who have the power; with
them be it, am now ready to give my vote against
| the bill
Mr.. MERRICK said he understood the Senator
from Ohio Mr. Tappan) to signify that, il The de-
bate should be continued ill Tomorrow, Mr.. T., in
that case, wished TO speak himself. Mr.. T. was
| understood TO assent Mr.. M said il was his pur-
pose 10 express his views and opinions in reference
to this important matter Ii was which he
could not consent 10 give silent vote. His consti-
tue 1ts must know his reasons for opposing it, If
| the Senator from Ohio wished TO speak first, Mr..
M. would give way. Mr.. Tappan. MOL Then,
il was late, and the Senate were wearied, MIR. M.
moved an adjournment.
On This question, Mr. TAPPAN demanded the
yeas and nays which were ordered; and the Senate
refused TO adjourn by yeas and nays as follows:
YEAS-Messrs Belts, Calhoun, Clay, of Ken
lucky, Clayton Cruenden, Davis, Dixon, Hender-
son, knight, Merrick Nicholas, Phelps Prenliss,
Preston, Robinson, Ru6gles, Sewer, Smith, Indiana,
White-l9.
NAYS-Messrs Allen, Benton Brown, Buchan-
an, Clay, OF Ala Fulton, Grundy Hubbard, King
Linn Lumpkn, Mouton, Norvell, Pierce, Roane,
Smith, Of Con-, Strange Tappan, Walker, Will
liams, Young-2l.
MIR. MERRICK said as The Senate had seen fit to
refuse him the indulgence which he asked, though
he was not OF any motive which could induce
the Senate to refuse, vet as one of its members, he
was bound 10 bow IN this case 10 the will of the
joriy. But he did expect his request would be
granted him, when he recoectcd the usual courtesy
| OF The b Jdy and when he had assigned what he