Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-03-03


cd over TO Monday. So passes away the time
OF Congress, rather unpro6iably, we should
say at the tune Of $500 per DAY for each
member
correspondence OF the \. Y Jourtai Of Commerce.
Monday, Feb. ~
In the Senate, this morning. there were sew
eial pet'lons presented, relating to the enact,
nlehi oil some uniform system of bankrupt law
Inc petitions were all referred TO the commit
tee on the Judiciary
Specie Bdsis.--Mr Buchanan substituted
the following -
Resolved, Tha, Select Committee be APP
pointed Tor the purpose Of inquiring into the
expectancy OF proposing TO tho States such an
amendment TO the Federal Constitution as
VIII secure a large specie basis for the circu-
ia'loh OF the country, by prohibiting the issue
ana circulation of bank-notes, and other paper
currency OF denomination so low as 90 pre-
vent the circulation Of gold and silver in the
ordinary transactions of business, and in paw
mcnt OF tie wages of labor.
An attempt was made by the Com On the
Judiciary TO dissent from the amendments of
me House IN relation to the Census Bill. The
House reduced the salary of the chief clerk
from $4,000 to $780, and the amendment OF
the House was sustained.
The report and resolutions against the as
sumption of State Debts was taken 10, and
mr. Phelps of Vermont spoke at length on the
subject He mentioned that his State was
utterly opposed TO the project of assumption,
whether direct or indirect. But they were not
willing TO give up their title to a common
share in the public lands. They were in ia
vor of the distribution of the proceeds of the
public lands among the States, not as a meas
m al fnr
debt, but because other projects were on foot
to deprive the old States of their share in the
domain. The subject was then passed over
for the present, and mr.. Cr,tenden will prob
ably close tho debate on it.
In the House, resolution from the com
mittee on elections, authorisng the committee
to send Tor persons and papers in the contest
ed election cases from Penn. and Mass. was
passed, but not without some opposition
The States were called for resolutions, and
great number were offered, in relation TO pri-
vate and local, as well as public topics.
Tuesday, Feb. 25.
In the Senate, Mr.. Buchanan presented a
memorial from commissioned merchants and
! importers of foreign goods, asking a revision
OF the laws in relation to the importation of
foreign agencies, which have injured their in
terests, by introducing their goods at a rate of
Z
tariff. The manufacturers of wool have me-
morialized Congress to the same effect.
Mr.. Talmadge presented the resolutions of
the Legislature of New York, condemning the
sub-ireasury. Mr.. Il. made some pointed re-
marks on the subject, showing that the people
of New York were opposed to the scheme,
and that they rose against il as soon the
president, in his address at Castle Garden,
declared it to be part of the policy of his ad-
ministraiion. He complained of want of
courtesy to him and his state in regard to the
/ precipitate passage of the sub-treasury bill
/ The resolutions were laid upon the table.
In the House there was strong effort
made by Mr.. Russell of n. Y. to bring the at
ten,ion of that body to the fact that they were
suffering in the estimation of the country from
the hardness OF their proceedings. He de-
manded that the committee should have an
opportunity to report but he was overruled.
The subject in order was the proceedings of
I the committee on elections in the New Jersey
case, and the motion of mr.. c. Johnson that
was pending, directs the committee to report
/ the names ofthe individuals who received the
greatest number of votes at the late election.
II was stated in the debate that the polls show
ed majority of li3 for Vroom, Dickerson
&c. and that only twelve votes of the whole
number had been imagined
The house adjourned without settling any
question, except some questions of order.
Thursday, Feb. 81.
! In the Senate Mr. Buchanan's resolution
was adopted, after some additional debating
TO that of yesterday. This resolution propos-
ed inquring into the expedency of an amend.
ment ofthe Constitution of the United States
so as TO secure a larger specie basis for the
circulation, and to prohibit paper issues Of sc
low denomination as to prevent the circula-
ton Of gold and silver in the ordinary trans
actions of business and the payment ofthe wa
ges of labor.
Mr. Preston opposed the resolution on the
ground of its being extra constitutional, anC
having tendency to control the states.
Mr. Giundy thought it a wise and judicious
inquiry-and why put stop to it lie wa:
not for an exclusive metallic currency. lie
did not desire to wage war against the banks
but to regulate them. He was for a mixed
currency with solid basis.
Mr. Davis said that it was well known or
former occasions that he had expires opin'
ions friendly TO large specie circulation, bu
views were uttered now by gentlemen, very
different from what had before been advanced
by them. III 2 had been accustomed tn hear
that all banks were mischievous in their char
acier and dangerous in their tendency. lie
wac rather glad now 10 hear different doctrine
advanced from the quarter they were, il woulc
chow at least a disposition TO ieaue something
and no, 10 PROSTATE everything.
After the resolution was adopted, the STATE
debts came up, and Messrs Strange and Hen
dersOn addressed the Senate, and Mr.. Tall
madge will have the the floor tomorrow.
In the House several attempts were made