Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-07-03

cate TO that of the u. S. the documents referred to-
and that he derives great satisfaction from The an
nouncement that her Majestys Government 40 not re.
lnauish the hope that the sincere desire which Is 'eit
bv both parties to arrive at an amlcable settlement,
will at length be attended with success; ana from me
prospect held out by Mr.. Fox, of his being accordingly
furnished, by an early opportunity, with the drait 0, u
,ropostion amended i'm conformity with the principles
to which her Majesty's Government has accedea, 10
be submitted to the consideration OF tins Govern
ment.
Mr.. Fox states that his Government might have ex-
nectcd that, when the American counter draft was
communicated to him, some reasons would have been
given TO explain why the United States Government
declined accepting the British draft OF convention, or
that, if it thought the draft was not in CONFORMITY with
previous agreement, IL would have pointed ou'ih what
respect the two were considered to differ.
In the note which the undersigned addressed TO Nr.
Fox on the Goth July of last year, transmitting the Anne
rican counter draft, he stated that, IN consequence OF
the then recent events on the frontier, and The Danger
of collision between the citizens and subjects OF the Two
Governments, a mere commission of exploration and
survey would be inadequate to the exigencies OF The
occasion, and fall behind the just expectations OF the
people of both countries, and referred TO the import
nnce of having the measure next adopted pear upon
its face stipulations which must result IN n maj settle
ment, under some form, and in n reasonable thnie.-
These were the reasons which induced the PRESIDENT
to introduce in the new prOjet, the provisions which ne
thought calculated for the attainment OF SO desirable
an object; and which, in his opinion, rendered obvious
= unnecessary any allusion to the previous agreements
referred to by Mr.. Fox. The President IS gratItied to
find that a concurrence in those views has brought the
minds Of her Majesty's Government to a similar con-
clusion; and from this fresh indication OF harmony IN
the wishes of the two cabinets, he permits himself 10
anticipate the most satisfactory result from the mca-
sure under consideration.
The undersigned avails himself of the opportunity
10 offer to MIR. Fox renewed assurances of his distn-
gushed consideration.
II. S. Fox, Esq, &c, &c.
On motion by Mr.. BUCHANAN, the message was
| referred TO the Committee on Foreign Relations, and
ordered 10 be printed.
The bill to authorize the Mount Carmel and New
Albany Railroad Company to enter on a credit a guam
tity Of land, to aid The company in the construction OF
a railroad from New Albany, in the State OF Indiana,
to Mount Carmel, in the State of Illinois, and Tor other
purposes, was taken up and considered as in committee
of the whole; and after n debate, in which Messrs.
BENTON, WHITE, GRUNDY, SMITH of Indiana,
CALHOUN, YOUNG, DAVIS, and TAPPAN took
On motion by Mr.. BENTON, the bill was indefinitely
postponed-ycas Il, nays 10, as follows:
Yeas-Messrs. Allen, Anderson, Benton, Brown,
Buchanan, Calhoun, Grundy, Hubbard, Lnmpkin,
Pierce, Preston, Roane, Strange, Sturgeon, 1appar,
Wall, Williams, and Wrtght-lS.
.Nus-Mcssrs. Clay of Alabama, Clayton, Davis,
Dixon, Henderson, Huntington, Knight, Linn, NIcho-
las, Porter, Robinson, %tugg'cs, Smith OF Indiana, laii-
madge, White, and Young-lG.
The Senate then adjourned.
HOUSE OF REPRESENTATIVES,.
The House went into Committee Of the Whole on
the state Of the Union (Alr. Banks in the claIr) and
resumed the consideration of the
INDEPENDENT TREASURY BILL.
Mr.. DUNCAN being entitled to the tloor, addressed
the committee with much point and humor, in reply TO
the objections urged against the bill. In the course OF
his remarks he intimated that he had called INTO rcfuI-
si,ion the services of his 'poet, whose illusions he m
tended 10 give to the world when his speech should be
written out.
Mr.. d. took a review Of the disgraccful system of
modern banking, and commented with keen sarcasm
on the shinplnster system, more especially IN reference
TO it as adopted in Mississip lie exhibited to the
committee several specimens OF inc nhoIninapic t"Sn
bv which the poor man had been robbed of the fruits OF
his industry by the associated bank shavcrs. Among
other specimens he held up 10 the view a twelve and
half cent plaster, which informed the fortunate holder
that so soon as he could muster iorty "i 'h1Se Smm'
shinplastcrs, by going 10 a certain place, some hundreds
Of miles distance, he would be entitled Ia receive one
lnrpe shinpiastu! Such were the beautiful effects Of
the paper system.
MIR. d. continued his remarks until half-past two
o'clock, when the House took IFS usual recess.
Ereaing Session.
After the recess,
Mr.. DUNCAN resumed his remarks, and spoke with
much earnestncss against the abuses of the paper sys.
TEN, and in defence of the present measure, winch he
commended was the measure of the Constitution Itself.
He concluded at 10 minutes before , o'clock.
MI. JONES of Virginia followed. lie expressed
himself very reluctant al this late period TO Intrude upon
the committec; and in doing so he was obeyIng the
dictates ofduty rather than his feelings. Alter allndinT
to the great Importance of the present measure, he
SAID II was needless 10 opsrIre rnaIi II had called down
the abuse of The Opposition in proportion to that Impor-
lance. Yes he would say abuse, for it was nothing but
abuse. and defamation with which il had been assailcd,
for no solid argument had hitherto been urged against
it. This abuse, however, was nothing more than
the Administration had to expect, for 1t struck al the
vitals of system by which a powerful, bold, and eX-
pcrienced Opposition had derived unjust advantages,
which they were not willing to r~elinquish without a
struggle.
Alter some further remarks, Mr.. J. proceeded 10 COM
ment on the Inconsistent course OF the Opposition, who
at the early part of the session, were continually taunt-
iuu him for not calling up the bill IN preference TO the
appropriation bills; and then when the bill was taken up,
The very same members were eloquent in their abuse
that the appropriation bills had been passed over. lie
thus showed, in very pointed language, that let Inc
friends of the Administration do what they would, they
were sure to call down the defamation OF their oppo-
ncnts. lfthey did mt call up the bill, they were abused;
and if they did callit up they were abused; 50 that there
was no way of escape.
Mr.. J. then advcrted to the powers conferred on the
General Government by the Constitution, and con-
tended that the design Of the trainers of that Cons;itu-
lion could not be carried into effect unless the Govern
ment had the absolute control OF It's own funds lie
then alluded to the conduct of the banks from one end
of the country to the other, which, at a recent period,
in open violation Oftheir charters, had closed their doors
anu u ~ II ~
ncy deposited with them.
After 0 further remarks, he referred to the adj
mission made by all the Opposition, that some measure
of relief was necessary, and asked them how long they
could stand excused, when IN opposing TINS blH, they
proposed nothing else in its stead.
Mr.. J. then drew a glowing picture of the critical 81
,uation in which the Government would be placed IN
case Of a war, with all lis money IN the vaults OF me
banks, and which, if they pleased, might play over the
same game they did in 1857, by suspendlng specie pay
ments.
II was under the deep conviction that it was abso-
lu,clv necessary for the welfare of the Government to
scparate it from the banking institutions ofthe country,
that The committee, of which he was a member, had
concluded to report the present bill.
Mr.. J. then proceeded TO examine The principal tea,
lures of the bill, and to notice the objections urged
AGAINST them. After commenting upon the constant
availability of the Government money, by placing 1t IN
the hands of receivers, he contrastcd that plan with the
former system Of lodging the money with The banks.
| He said i was needless to observe, that no sooner was
~, rort;on NJ The public money placed in a bank, than