The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-12-17

mi, Merr,ckl The Indulgence Of an adjournment ior
one night, which he wished IN order To prepare HIM
self for thorough examina uon OF some new doca-
ments. But STILL Mr. Clay said will pass over
these things-a hope that we will have hereafter
better days and times Of greater courtesy and beray
among Senators.
principe party log cabin, coon skins, &c, Sc Mr.
CLAY asked what Kind of party that must be which
could have been overwhelmingly beaten by party
who had no principles whose only badges Were coon
skins and g log cabins 2" He denied that there was
rny correctness in these imputaons. lie asked Mr.
Wright al this late day, in of instruction
respecting the opinions ofthe Harrison party
As TO what had been said concerning the Conrres-
sonal majority that had carried the sub Treasury he
hoped the Senate would not be forced by such remarks
TO look into the composition Of that majorityio exa
mine the New Jersey case--to review the manner in
which that gallant State had been deprived Of her
rights by derogatory and disgracetu 10 the par
~ that had employed them He would discuss the
conduct of the House Of Representatives that ques
ton But who that regards ruth-that was attentive
10 the circumstances by which he surrouned-wll
DENY that the election OF 1910 sealed the fate othe sub
Treasury Bill ?-tha the purpose OF the people was 10
put il down Ito extirpae tins bane 10 their interests
and prosperity. II was not like the case OF the Bank
of the United States decision against which by the
people had been claimed after certain election. For
Gen. Jackson had, all the world knew proessed
friendship for Bank and therefore the inference he
pretended to draw from his reelection was partly de
MED.
| As to the gcntlemans queries about Bank Of the
United States or the State bank system being rc-es
tablished Mr. Clay said sufficient for the day IS the
evil thereof Let us remove out OF our way the great
obstacle to good government--the sub reasury-aud
then the Administration of General Harrison will have
a fair field
The Senator lersists in saying that our principle
are not known Does he not know that we are against
the sub Treasury THAT are IN favor OF economy
-retrenchment-that opposed TO the fearful en-
| croachments and abuses Of Executive power and pa
tronage He knows our principles well enough SIR
He knows that we against all expedlents OF every
kind--he knows that for conducting the Adj
mnistraI fairly and openy-not for pretending TO
make divorce between Bank and State, and then
using banks-noi for establishing an exclusive specie
currency and carrying on operations through bank
paper for declaiming az ainst public dcbt-whe
in debt head and ears-in debt for the Dis
trct of Columbia for the Indian relations for invest
in State stocks made for party purposes for the
| absorbing Florida warrior an immense debt yet un-
revealed and kept concealed by this Administration
but which will be discovered and exposed to the world
under the Administration Of General Harrison. MIR
Clay concluded with eloquent appeal to the Senate
| TO obey tie commands of the Nation.
| Mr.. CALHOUN next obtained the floor over many
competitors He had hoped that such discussion
the present would have been delayed until after the IN
auguraion OF the President elect But if his Adml-
nisraiion shonld indeed 90 for the principles just pro-
claimed by the Kentucky Senator-f it should 90 for
retrenchment, (Which indeed very necessary iii
it should 90 for economy Ca thing much required it
it should regard the CONSTITUTIONAL it should be
State Rights Administration all these points he,
for one would give it his cordial support But he
would rather hear such declarations from General
Harrison himself than from the Kentucky Senator
He opposed, however, altogether to Regulating
the Sub. Treasury question Nothing could be
gained by it, The country, also, needed repose
As to the gross deviation from law referred to- OF re-
ceiving at New York. twothirds of the revenue IN
bank paper he thought the officer who committed y
was deserving of severe reproof; and he would and
any Senator in investigating the circumstances OF the
case
He denied that the Sub treasury had been the issue
in the late contest-though he freely admitted that
majority Of the American People opposed 10 the
Subtreasury. lie regretted this but he believed also
they were against the Bank OF the United States and
especially against the miserable, rickety, condemned
State Bank Deposite system Should proposition be
made for National Bank, he would oppose it with all
his energies; for, before God he believed 1t would
break down the last prop Of State Sovereignty. He
was enemy to the banks; but he wished the whole
system to 60 down quietly and under the progress Of
reason.
He acquiesced in the decision of the people and i
General Harrison would administer the Government,
the principles of '9S, he would support him Ii lie
went the other hand for consolidation, his oppesi-
ton would be decided, though open and fair.
After few remarks from MIR Anderson, Of Tenn,
and Mr. Hubbard, of N. H., Mr.. Allen offered the
following resolutions in substitution for Mr. Clays
resolution Of repeal.
Resoiped, That the financial policy established at
the origin of this Government by the first acts OF ITS
legislation, and especially by the Both section of the
"Act to regulate the collection of duties &c. APP
proved by President Washington, July 3lst, l19s
and by the 4th section of the "Act to establish The
Treasury Department" &c, approved by President
Washington, September 9 1883, was in strict
ormy to the fundamental principles of the Constl'u-
ton.
Rsoired That by long series of subsequent acts
tending to the great detment of the public welfare,
that policy had been departed FROM and was by the
TO provide for the collection safe keeping transfer and
disbursement ofthe public revenue approved by Presi
dent Van Buren,, July 1870 fully restored and ought
to be adhered to and therefore
Resoiped, That the Government ought to collect
taxes from the people, either directly indirectly, than
are absolutely necessary TO an economical admnstra-
ton of its affairs
Resoired That the taxes paid by the people ought
not to be lent out by the Government TO individuals or
corporations.
Resolred That the taxes paid by the people ought
not to be placed by the Government in the custody Of
agents who not made by the Constitution and laws
responsible to the people.
Resoired, That in the transaction of its affairs
the Government ought to receive and tender IN pay
men as money, nothing but that which is made legal
tender by the Constitution.
Mr. CLAY raised point of order, but as he did
not wish TO embarass the gentleman in the chair Chr
President pro tenn not being presently the whole sub
joct postponed and the substitute ordered Co be
printed
MISCELLANEOUS BUSINESS.
The PRESIDENT submitted communication
from the Secretary Of the Treasury enclosing com
munication from +. r. Hasser, the superintendent of
the survey and the construction Of weights ard
measures showing the progress made therein which
was laid on the table.
Also, report from the Secretary OF the Treasury,
in compliance with the for the relief Of insolycnt
debtors; which was referred TO the Committee the
Judiciary.
Mr.. HUBBARD, from the Committee on Claims,
10 which was referred
The bill 10 establish Board Of Commissioners to