The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-05-02
UNITED STATES SENATE.

Tuesday, April 2Sth
Mr.. LINN, on notice, introduced bill to extend
the laws OF the United States the Territory Of
Oregon
Mr.. L. said he did not wish the bill referred 10 any
committee, but simply printed and laid the table
When the report of the select committee up
was his intention to this bill an amendment
Meanwhile, it could be printed, and gentlemen could
have opportunity of examining provisions and
obtaining any further information that might be re-
quircd. The bill was then read laid on the table,
and ordered to be printed
MIR. FULTON, from the Committee on Public
buildings reported the JOINT resolution from the House
of Representatives for the relief of Masterdon <
Smith, contractors for building the General Pos, OF
flee extending the time for the fulflment Of their
contract
cd as to leave the time discretionary with the Post,
master General instead Of making it obligatory as
TIC phaseology then applied the motion was agreed
Mr. WHITE moved to take up the resolution
submitted by him some days since as follows
Resoired, That the Secretary of the Treasury be
directed TO lay before the Senate statement of the
names OF banks in which special dcposites in specie
were e to the credit OF the Treasurer of the United
States in anticipation of receiving therefor Treasury
notes issue I'm the acts OF 1881 1888 and 1899;
and monthly statement of the amount of Treasury
notes delivered account of having received certif-
Gates OF such special dcpostes specifying the date and
amount OF the first OF such Treasury notes, so de-
notes and the of the persons banks to whom
the delivered; also statement of the
amount remaining in each such banks to the credit
of the said Treasurer at the date of the first of such
certificates issued by such bank, and also n monthly
statement of the amount OF all other depostes TO the
credit of SAID Treasurer in such banks for each
month during the period between the date of such first
certificate and the date Of the payment of such Trca
sury notes; also, monthly statement Of the auurc
gate amount OF drafts drawn against such special OF
other dcpositcs, in each month, during such period
stating the transactions with each bank in separate
account; and, also, copies Of all correspondence be-
tween the Department and such banks and any per
son or persons, preceding and accompanying the
making 81 h special dcposites first above named
and relating thereto to the delivery of such Urea
sury notes
Mr.. HUBBARD inquired what object the mover
had in offering the resolution which would impose so
mu IA unnecessary labor Oh the Department without
any corresponding benefit to the Senate Besides he
already had the information sought in reply to the re-
solution 81 the Senator from Massachusetts And he
hoped, before this resolution was acted on that the
object might be- distinctly stated There was no in
formation proper for US to receive which had not been
before communicated
MIR WHITE entered into defence of the resolu
ton 1T some length giving his reasons in detail for
calling Tor the information. He said that the resou-
ton OF the Senator from Massachusetts, alluded TO by
the Senator from New Hampshire was general in It's
nature AMI, N the reply furnished from the Depart
mcnt was Impossible to determine whether the policy
pursued by il was u gaining losing Congress
had been clcl for issues of Treasury notes 10 the
amount OF twenty-five millions of dollars since the
system had first commenced and each succeeding SEES
we had been either asked for issues or nutho
ry reissue and no eliminates had been exhibit
ci to show advantages over direct loan. " in
uuires were made in relation this subject the friends
of The Administration Immediately charged us with
an endcvor cnhirrass the business of the Govern
ment Mr w safl that he had no such views he
not nautncei by partisan feelings; he took far
wider range than being aciuatcd by petty consdcra-
tons oil that klnl When tho system Of Treasury
notes was firit adopted, were told that was TO
meet an cxgency against which they could not guard
AMI yet il appeared that this system had become the
settled policy OF the Administration II full informa-
ton had been rendered to the call OF the Senator
Massachusetts, his (Mr w ~ resolution would not
have been necessary Government was without funds
TO carry on rs operations and sd resorcd TO the issue
OF Treasury notes in anticipation of specie. The