Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-05-25

ninstration, and this the answer Of the American
people. have noted but point or two on which
Mr. p. dwelt, and which he illustrated with great
force. Mr.. Brown of N. C. followed in a speech
which would become the midnight orgies of 10.
cofoco gathering at Tammany Hall: it was all
slang of the worst sort. lie echoed Benton's alb
surd attempt TO charge all extravagant expendit-
ures upon the Wing Senators-said the federal
party aud the 800 affiliated banks had got the de-
posiies, and refused 10 pay them back, aud thus
created the necessities for preat expenditures.
Mr. Southord of N. J. responded, and the Senator
from NC was very quickly " done Bro,cn." Mr..
5. showed that the Wings had been in majority
in the Senate but three yerrs since Jackson came
into power-and in these years the expenses av-
ernged about 10 millions less than in the suise-
quent years OF locofoco rule. As TO the banks
they were the agents Of the purity il power, chosen
against the remonsrances of the Wings in the
Senate and the House, and if those banks had
been unfathfnl, the blame belonged to the federal
ist' in power, who employed them. There was
also another material fat which was very unfor-
tunate for the N. G. Senator: - all the deposite
banks, but three, had paid up their debt to govern
ment the three delaul,ers are all locoGoco banks
Mr.. 5. called the attention OF the Senate to anoh-
er TACT, and il rs one which the country should
know The year 1895 Witnessed the payment, of
the last dollar of the public debt, incurred in the
revolutionary and last wars with Great Britain.
The men now in power were also then in power,
and we all remember their Boosting announce
nent that they had paid the public debt yet, in
this last attempt to humbug the American people
In This very eectioneering report, 10000 copies
OF which are asked for the expense of the treas.
ury, SEVENTEEN MILLIONS of dollars are Sc,
down as chargeable to the public debt since 1885
VI what, do you suppose, is this new "public
debt composed? Nothing, nothing, but the sub
treasury notes which this administration has been
forced, through its own mismanagement, TO issue
What spectacle for The American people: grave
and reverend seniors Of the Senate and cabinet
officer, conspirng to palm off sixteen millions of
the peoples money, which they themselves have
wasted, under The name of The public debt -
These very men not long since secuted the idea
that by issuing treasury notes. they were creating
public debt; and row, when the people have
become justly alarmed at the vast ind rapidly in
creasng extent of national expenditure these men
are first TO class their own treasury notes under
tile head of the "public debit with the vain hope
tina, under such guise they may escape the notice
of the people.
Messrs. Hubbard, Buchanan and Calhoun fol
lowed on the side ofthe administration, and Messrs.
Webster and Clay on the opposite side. I cannot
notice the whole debate, rs it ran somewhat be-
yond the record. Mr.. Calhoun, cratic as ever,
admitted the existance oi extravaganza in recent
years, and charged it alI to the surplus revenue,
which, he declared, was entirely owing to the Tar
if. This brought out Mr.. Clay, who would not
permit the Tariff TO he the scape goat for the I'd
minstrhton. He emphaticalIy denied Mr.. Cal
houns doctrine that extravaganza necessarily
grew out of an abundance of revenue. No. no,
said he-n wise and economy loving administra
ton would withstand all the temptations of boat-
ed treasury. If we have not such an administra-
ton now, the country, he was persuaded, could
produce such an one-and icM do Il. He also
denied the allegation that the Tariff was the pm
rent of The excessive revenuo-it was the public
ands as the tables of land sales concusively show.
Mr.. Clay alluded 10 the ridiculous charge that the
Wings were responsible for the extravagant ex-
pendilures of the administration. You, said he,
to the opposite side-you had the President; you,
the heads of departments to bring in their es,i-
mates of supplies for us to grant; you, the major
tiles in both houses Of Congress and yet the King
and Ministers come down here to Parliament, aud
charge U.S. OF the minority, with all the wasieu
and extravagant expenditures which have charac-
terised your whole career. He acknowledged no
such responsibility. What, even, il the opposition
the minority in the Senate and the House. had
controlled the appropriations where was the
prerogatve of the Veto? 1t was prerogative
which President Jackson allowed not to sleep in
other instances, and one which might have been
an eiectual check to the progress of profigate
expenditure. The Veto was not interposed and
on the administration therefore, justly rests the
weight of responsibility. In conclusion, Mr. Clay
alluded TO the Tariff, and expressed his firm con-
vlctlon that we must have it, and soon. Not an
extravagant Tariff; but it must he sufficient to
protect American Industry against the prohibitory
or unfriendly legislation of other nations. While
he said this, he maintained the sacred obligation
10 observe the principles of the compromise the
compromise, he said, must be The basis for future
Legislation Mr.. Calhoun responded briefly; he
demonstrated, warned the country against any re-.
newal of the Tariff and bid the Senate to remem-
her that there waa with the states a remedy lNu-
lifcaon) higher than the Constitution.
The usual number OF copies of the report were
ordered unanimously to be printed and 10000
extra copies were also ordered by party vote.
Thus ends The first lesson of locofoco manage
tnent in the Senate, which have been permitted
personally TO witness. The locofocos get up what
they please--they control the time and the manner
of its presenaton-they discuss it when they