Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-07-20
THE sUR-TREAsuRy BILL.


aud to which the nation Is principally
indebted for the blight which Inns fallen upon
commerce., agriculture aud manufacturer ut
last bccn lrgnlzcd in dcfdnce Of he wW Of The
people. Before doing this however, we will give
II brief account Of the closing scenes on passing
this GROWING measure:
Correspondence oChr.N y. Express.
WAsmiNGroN, June 30, lsi0.
The proceedings of the House OF Representa-
lives tins evening were of Il most exciting char-
acler. The Sub Treasury bill having in the morn
ing been rcHd Third time, the question on lis pms
snge was debated after the recess by NIcssrs.
I!awcs, Graham and Green, Who sevcraiy proics.
ted against II ~ the muster piece OF legislative tyr
nnny.
MIR llawcs concluded his rcmmks hy morton
to reromnit the Bin with certain instructions, to
the committee On Ways and Meas
At least il udrcd members then cndeavored
to obtain the door, but it was given 10 MIR. Vnn-
drrpool, who after some remarks on the number
nf speeches made by each party, moved the pre-
yous question, which was ordered, and of course
cut of the motion TO rccomlnit. Tie Bill was
Then passed by II vote of 1914 to l07 Messrs. Ca
sey. Wick aud Campbell Of $. c. voted in tie
negative.
The question then recurring on the title Of the
Bill, MIR. Cooper Ct Penn. moved to amend the
same, lay substituting more appropriate title, VIZ:
i" Bill to reduce the value of property, the pro.
ducts of the farmer, and the wages of labor To
destroy HE Indebted portion of the community,
and to place the money of the nation in the hands
of the President
Mr.. Gushing moved further TO amend the title
10y cnng it
San act to enable the public money to he drawn
from the Treasury, without appropriations 10y
law"
Mr.. &. then proceeded to show that the present
very impressive and eloquent remarks in support
Of his amendment.
Mr. Pickens followed in reply, aud in s0vio'cnt
manner, ila, the greatest disorder prevailed
during the whole time he was speaking. He con
chlded 10y moving the previou question OH the
amendments to the title.
As many Of the Wing members were anxious
to give their views, this motion cutting off all de-
bate, was received by the most fearful tokens of
Misrepresentation. The greatest uproar prevailed,
aud shouts with Kisses and cries OF "order, sils-
pended the business for some minutes. Mr.. Stan.
ley called ont to Mr.. Pickens, asked him some
thing about the chivnlry Of South Cnrolina. MIR.
Pickcns from the opposite side of the Hail. retOricd
nj the top OF his voice III very excited manner.
After order had been partially restored, the
question was taken on the amendments to the title
OF the bill, aud they we're rejected. The original
title was then agreed to, and at few minutes be-
fore seven, the House adjourned.
The bill was passed by l2l TO l07 votes. OF
the supporters OF the administration, Mr. Howard
Of Indiana alone was absent, and Mr.. Hunter,
Speaker, nnti-adminisration, but had he voted,
his vote would have been for the bill,). did not
vote llad both of these gentlemen voted, the
bill would have received l26 votes. Against tin.
bill three seats ARE vacant viz. of Mr.. Brown of
N. Y. deceased, and Nlessrs. Slors Of Conn. and
r
n. c.. IAN administration man, hut who has lie
clared that he should hive voted against the bill,
if present, MS his constituents are against i) Gran
ger OF n. y, Lawrence of Mass, Wice o. Va,
Anderson nnd $. Williams Of Ky, were absent.
Had all been present, the vote against the bill
would have been 10: leaving ten majority. But
now 10 ;he main point: included in The vote
for the blu are the IRE members of New Jersey,
who have no legal lille 10 seats in tie House, and
whose state has condemned the sub treasury, hya
decided Wing minority, since the Congressional
election Deductng these 5 votes from the ayes
and adding them to the noes, aud the result would
have been as lull0ws ayes l2l noes l2l. The
bill would have been dsIcdfed Nor is this all
MessrS Robinson of Delaware, and Crazy Of
their sla,s 10 10 opposed to it; and Messrs.
..l,n Smith Of Vumom. ilolleman, Craig, Coles,
Lucas and Stccnrod of Virginia, all voted for the
bill, although their several districts, at the very
last elections, gave Wing majorites In the case
of the Virginars there can he no decent apology.
! The very test last spring was liiyps and no sub
treasury anti Rives and for the sub treasury !;
| ilp ,xill nf tlia panulp ssnl tis
subject, but expressed in rain We have here
named eight friends Of the bill who grossly msrep-
resalted their cons tuents. Let us deduct one, to
oflseit Mr.. Chinn of Louisiana, who possibly rep
rescnis sub treasury misunderstanding seven. In
amy event, then, if the icW of lie people had BEEN
regarded, the bill would have been defeated AL
low, if you please, that the five New New Jersey
locos nre entitled To their seats: the deduction
of the 7menhcrs would still defeat the bill; and il
we transfer the whole / 9 gainsl The bll rs the
voice of the people demands, the hill would have
been defeated hy IA majority. It has been passed,
then, IN DEFIANCE OF TIE WILL OF
THE PEOPLE. We append M abstract Of the
leading provisions of The bill, from The New Yor =
kcr:
/. The Revenue of The Federal Government is
heuceiorili TO he collected and kept entirely npurt
from Banks, by officers specially appointed for
| that PURPOSE
i IL There is to lie chief Treasury for the
keeping of the Public floney at Washington, with
,ub treasures ut Boston, New York, Philadelphia,
Charleston, New Orleans, and 81. Louis each
under the charge of special officers, provided with
vaults, safes, &c sc.
Ill. The money is 10 be collected aud kept III
imaely in coin alone, 10 the exclusion of all Bank
Notes. or any paper except the Treasury Notes.
Sc OF the Government, MS long ms there shnl be
any such in existence.
W. IN order that the effect Of this fundamental
Change in our Financial Policy shall not no i'm