The North-Carolina standard., 1840-02-26

The Special order. being the report of the
Select Committee on the assumption of State
debts by the General Government was taken up,
and Mr.. Sewer addressed The Senate at length
on the subject. 49,. ......
The question was then taken on the motion
of MIR. Clay of Kentucky to postpone the whole
subject indefinitely, and was decided IN the me-
gative-ayes 15no 81. as follows:
Ayes-Messrs Bets, Clay of Kentucky. Clay
ton, Crittenden, Davis, Dixon, Henderson. Mer
rick. Porter, Prentiss, Ruggles Smith OF Indiana
Spence Tallmadge, and White-15-
Noes-Messrs. Allen, Benton, Brown, Bucha-
nan. Calhoun, Clay Of Alabama Cuthbert, Full
ton, Grundy, Hubbard, King, Linn, LumpkIn,
Mouten Nicholas Pierce, Roans Robinsion,
Sewer, Strange Sturgeon. Tappan, Walker,
Wall, Williams. Wright and Young-27.
Mr. Grundy said that though he was very
anxious to have the question taken on the report
OF the committee, he was not disposed to press
the consideration of it more hastily Than would
comport with the convenience of the Senate. II,
therefore. any Senator was desirous OF address
ing the Senate on the subject, he was willing
that it should now be informally passed over.
On motion of Mr.. Crittenden, the question
was postponed until Monday next, with the un-:
that 1t would be then taken up, aud
discussed until disposed OIL, -. ..r-SiE 9Th
On the 2lst The chair submitted various mes
MORALS of the Legislative Assembly OF the Ter
ri.ory of Iowa which were referred to the ap
pFopriate committees. MIR. Wright presented
petition of citizens of New York, praying the
passage ofa uniform bankrupt law; which was
referred to the COMMITTEE on the Judiciary.
Several reports from Committees on private
petitions aud claims were received, when alter
the transaction of some unmportant business,
the Senate adjourned till Monday next.
HOUSE OF REPRESENTATIVES
On Monday, Feb. 171h, ater some unimportant
business, the Speaker said that there was an
important communication from the Executive.
on his table, which he would beg leave, at that
time, to lay before the House which was read,
as follows:
To the House of Representatives.:
submit to Congress communication from
the Secretary ofthe Treasury, repeating sugges-
tlons contained in his annual report, in regard to
the necessity of an early provision by law for the
protection of the Treasury against the fuctua-
tions and contingencies TO which receipts are
exposed, with additional facts and reasons in IA
vor OF the propriety OF the Legislation then de-
sired. 49,.
The application assumes that although the
means OF the Treasury for the whole year may
be equal to the expenditures of the year. the De-
BILE to meet the claims upon it at the times when
they fall due. This apprehension arises partly
from the circumstances that the largest proper
tion of the charges upon the Treasury, includ-
ing the payment of pensions, and the redemp-
ton of Treasury notes. fall due in the early part
of this year. viz: in the months of March and
May, while the resources, on which It might
otherwise rely, to discharge them, cannot be
made available until the last half OF the year.
o,,A, L., f.o, Il, E,ok hat 1hu
means of the Treasury consists Of debts due
from the banks, for some of which delay has
already been asked and which may no: be
punctuaIly paid - " -. =. = = -.
Considering tn. injurious consequences to the
character, credit and business of the country,
which would result from failure by the Govern
ment for even so short period to meet its en-
gagements-that the happening of such con-
tngency can only be effectualIy guarded against
w lie exercise of legislative authority-that the
period, when such disability must arise, if at all,
and which, at the commencement Of the session,
was comparatively remote, has now approached
SO as a few days. and that the provision
asked for is only intended to enable the Execu-
tive to fulfil existing Obligations and chiefly by
anticipating funds not yet due, without making
any additions to the public burdens, l have
deemed the subject OF sufficient urgency and iln-
portance again to ask for it your early attention
& ... Nj. VAN BUREN,.
Washington, 18th February, 1s4o. 80.
On the 18th. the House spent some time in
discussing the proprety ot.graning power to
the Committee on the New Jersey case to have
all printing done that they may think proper
The bill for the payment of Revolutionary and
other Pensioners was taken up and discussed,
in Committee of the Whole. who reported to the
House and the bill was passed.
On the 10Th, the Speaker laid before the
House Communication from the Post Office
Department. enclosing report of the expendi-
lures Of that Department for the year ending
30th of June 1889 which was,
On motion of Mr. Lincoln, referred TO the
Committee on the Expenditures Of that Depart
ment. - a.. ~ -> ':.- ..~.
The Speaker announced that the first bust.
ness in order was the resolution reported from
the Committee of Elections by Mr.. Campbell.
chairman. asking the House to grant. that COM
mtee the privileget to have all printing done hich
is deemed necessary to facilitate the investiga-
ton ot. the New Jersey disputed election which
was discussed tilthe hour arrived for the order
of the day. 1.'~~
Mr. J. w. Jones presented bill additional
10 the act on the subject of Treasury Notes, re-