Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-03-05
SPEECH or MR.. DAVIS.
,oF MASSACHUSETTS.
ON THE SUB-TREASURY BTLL.
n. T.

IL.
.ox rur Go, -, nAsS "a, ~ ,,,oy 10
I'm So"cfe jan -. io4o.
The SubTrsosury Bill being under consideration =
and the Senate having evnced determination not TO
adjourn without taking the question upon The final
passage Of the bill
MIR. Davis sail.-f rise Mr. President with great
reluctance this late hour TO address the Senate IA
su-d ~ IL Is with unusually long session. and cx-
haustcd by the debate; but painful as g. must
skee rndulgen e W he make n brief reply 10
the doctrines wiich have been now for the first
isr,c publ he'd here and come TO ms through ch ,nne
thar leave doubt Of their being the doctrines Of the
admIns' ration They involve and have drawn into
tti. debate great and mouentous cen.,icrati ms nj
fecting the cherished interests of the peoplc
represent. well OF nearly the whole country
With the exception Of a few incidental remarks made
by day ago. no one from the North and /
has addressed Won during thus discussion; and
port Of the debate has pointed in lts char
and directed personally as i the positions
assumed pabe Of refuia;ion, feel urged by
irresistible Of duty-nay. cannot recsncile
myself 10 ofbcar from milking some reply
The Senator from Mississippi mir WaikcrA with |
bis usual acknowledged ability. and the distinguished
Senator from Pennsylvania. (Mr. Buchanan.) follow
ing IN his track, have advanced the proposition that
the embarrnssmenis and Distress with which the
has been gricvously afflicted for several years past
and which now parayzc oil its encrgies are imput
able 70 the pern,cio1s influence Of Bank paper; that
this bih contains tho necessary corrective, rs il will
they call the credit system and by restoring specie
currency. reduce fine wages Of the labore once the
value oil property
| Tins Is the character given 10 the by its
friends, and. alarming the doctrines are am graft
fed that they frankly svowed. have been anti
cipaed TO considerable extent by The Senator from
Mississippi (Mr Hcndcson.) In what have TO say
shall however. confnc myself chiefly the speech
OF the Senator from who has gene
IN detail into the subject for We all acknowledge his
10 do uDle ms
uce 70 the SUBJECTS which he discusses.
10 no' propose 10 'oow MIN through very large
portion OF nus elaborate argument TO prove that Ex-
econve power mas OF late been summed instead OF
% 't e', " 'hA' ,ne present and me old oank
- r..L - 49, ,ue Hi., unu o'"h naionai
Ns s'i ma. vee,' saiu on 'hese POINTS lie
nas' "o~e.i' H.e,'eo mat we~ha'e abandoned all
80 - s :, oe "''u ,sHS' "e
81 >, Us !S .e P'oe'ess OF e'en.s nave prov
~ u'e uo ~ 20, Fo'h IT, WIN ohen'
Fn'e'eo MO 'ha'" eoe~' "nch ~ before The public
o '"e uiei",eu s'ano as hrin rs evos. hul
M"u.p DC ,nsh 10 'ei'era,e Them mere and
; ga" y 'Ae 'e-s0" WY '"ey afs P~sseo o'efio the ds
. cuss"n 80
bu' sr' VIII nor owen upon any OF these matters
ou 30 w .ua. W a,u. Tue senator says We iaoo
u'me, DISTRESSING mems and so we do; no one
! in xor,o, b..,.,os,n,on, - :, W.. - ~.
. econ an occ,.;onoI ,I.,r, oS Ia, r., - - -
. ob-cured and we have beer ,bronded in glo,rr nm
:. ,.r,ap,v Ucsor, 6,,,ho, ,h., a.. -. = -, -:
n &C. &c h.nL 49,, nc,.,;o "a 49, >, ~
J" rs ,,orL,S -, go. sI.Tas 'oa Y ~.
lh,I r - - " 'e's . gum o' VA
c.; =, ia -. -" -s az, , Jo', no
~ ,,o,;c.., b.. $500, -, = =. ~
of .,"-' -, * aS,;r: were se1u'eo mo 'hei
I'd 49, r. -, p;I' HI,
e. lie money anil toll !, ;n, NJ; ne P Pos
there was no comna;n, nhou, m. cnrroay,. -, -
IT, Poodle Ino,, Tins S,r an .,.n a.. p"';',. al :"
% in one of his messages. united in declaring il; ,ul
stance it was sound and equal to that of any nario
" on Garth There was no cnrnpaiot M ;noonven;enc,
no embarrassment from this rource in do;ns h,.;o
but contenimeni and satisfaction everv y,bcre A.
this there could be no mistake nor will INV one her
&C atfemut 10 refute the ,,elj kro,,o 6,o,.
~ Rut from ,h., az, ar ,ho p,..;d, h;.L - AZ
" first movemcn, IN ,eC,rn IN. cu,,s,o, ., e.; do,
u there la, been what IN, Senator j. ,l.,d % ou .o
IL ranson contraction md exnlosau IN r,nd and g..
l succession; crisis upon crisis pressure upon
's manic mon manic law, sncce.drd m; 49,, ba -aaa,
=. co state Of suspicion and plarm that nus derange
% and almost suspended business The in los far
has swent over the country, and again uproon
The s'aeiiesi and hrnes trees and leaving nv
10 dreary. desoiaie waste. Its marks too deep
"A engraven too distinct too well defined leave an
IN 'hi"s unccrain-any thins equivocal IL fell upo
as us Win such wiihering energy to leave doul
le "hcn' "hefe' ana now IL began
Gentlemen may tar their ingenuity they NAV tas
their Inventions 10 discover other Of distress
ID ihey may benbor and hold up - scorn and erecrao
the banks as long they peasc,hey cannot chang
e. the facts, for They obiterate history Thns
were we'll and every body knows il. till 1899. The
pcgan The bank reform by the removal OF The depos
e. -aho heh negnn lis rapid series OF expansion.
&C. traction ana explosion followed crisis after
ss-then came The arrangement Of exchanges. an
he hen the emoaHa'smenis which haveoverw helned n
pc couniry-'hrn ca"e TOO. tho mine hundred banks
"hicn me senator speaks though he has prohabl
81 s"eiisd the number beyond hisoricGl truth
he The Senator admits, what cannot be denied IN,
of the Administration proposed and carried into effect m
rs State bank depos;e system IL was in ti, plac. nm
by them that STATE hanks taken into favor peite,
r. and boosiIngy held 90 the country as sforng
better and safer currency Into them Ivas the revenu
put IN enormous and they were directed 10 In,
freely upon by The Presden, for the accommodate
r Of the People. and il his pride and pleasure
make known TO us that thu public meuey was thu
~ employed, instead Of being l,Lod t,D skin- rom