Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-01-07

asking the bounty Of Ler country 10
cheer her loneliness and bereavement,
and smooth her passage to the grave
Mr.. Buchanan declared that no fears Of
the establishment Of precedenis should
deter him from acting in this case ; md
Mr.. Criltenden said he was glad the
yeas and nays were asked, that he might
have the honor of recording his name n
favor Of claim SO meriiorious. The
question for cngrossment prevailed by n
vote of % to 10.
The PUBLIC FiNANcEs-Mr Adams,
in his remarks in the House Of Repre-
scntatvcs of the II. S. on Monday week,
expressed himself with merilcd severity
and unwontcd freedom concerning the
conduct of the Administration. We in
vic attention to the following brief
sketch Of his remarks from the Baltimore
American. Ii will be seen that Mr.. A.
here shows what we have had occasion
to say heretofore, that the statements Of
The President and Secretary olthe Treas.
ury DO not exhibit u tue statement Of
our finances
Mr.. Adams 81 okc for an hour or more,
IN exposition of the practices ofife Gov
crnmeDt IN reference TO the Naval PEN
SION Fund. The speech created quite a
sensation in The House, MIR. a giving
succinctly history of the general acts
of Congress in relation to the trust fund,
and the violation of those acts.
lie commented with great freedom
upon the remarks Of the President and
Secretary Of the Treasury, in the an.
nnal Message and Report, - touching
National Debt aud State Stocks. lie
showed that the Administration had ad.
in reference to ibis as TO other
matters, one set of opinions and put in
practice policy totally unlike tha, pro-
posed. 1t had created directly IA debt,
and had done more by the assumption oi'
State debts. The General Government
I was well known was bound TO pay
several heavy debts which were due Tor
various objects. Funds were invested
u Stocks on account OF Indian Annuiles
md on account of the Smithsonian be-
quest. The Government was liable ~
he trustee party for the payment nG the
uli sum Invested in Stocks, --liable for
NJ losses, and for all dimir ulions in
lnluc.
Proving this Mr.. Adams proceeded 10
how how the President had invested
unds J he amounts for Indian annui-
ics had been invested IN State stocks
which were purchas,d as high as pee
mum oi 6 per cent, and sold for 80 per
enl under their par value, and loss to
he Government of 81 per cent upon tho
urchase. 1heenire Smithsonian funds
ad been invested in State Stock and in
he Stock Of the State Of Arkansas.
a half million Of dollars, the amount
the Smithsonian bcqucst, had been
1vcsiod in Arkansas Bonds-5 of lOO,-
w beng in possession Of the General
government.
The British Sold" had been but three
ays IN The Mint, before it was in Sow
regns marched of to Arkansas and
adc Bank Of Yes, said Mr.. Adams,
nging the changes upon "British Gold"
ucb I" the amusement Of the members,
I those Mint drops British Sovercgns,
an act of Congress, in provision
nuggled inio II bill referring TO tho
'eI Point Academy, were sent to Ar
lnsns and made bank Of
Inc friends Of the President said Mr..
dams, have told us that British Gold
ID had lis effect and influence upon our
eciIons. 1T may be so. We know
4 the British Gold TO the amount Of
nre than half IA million Of dollars, went
nm The Mint 10 Arkansas at the order
the President. We know also that
state OF Arkansas gave lis Gle ecto,al
le Tor The present incumbent.
Mr.. Adams also called the attention.
the House 10 the fact that the Presi-
Mt and Secretary Of The Treasury, in
Message and Report, had recon
nded as late as the 9Th instant, That
appropriations should be made cx-
1t those lnclndcd III the estimates. In
Iirasi with this opinion he stated TINT
report from The Treasury Department
'rIng an earlier Jaie--lhc LIST inst
Secretary had said that $4,000
!hl TO be appropriated TO the Naval
hslon Service, and yet no mention
made OF tins sum in ;hc estimates
Ir. Admins also showed that the Pres
u had recommended ~ June last tho
roprIdlion of $50, 900 for this service.
lgrcss did not attend io tho recon-
'datnn, and yet The President in these
other matters, congratulated himself
u the diminished expenditures of tho
'rnmcui for the ycar past. Had tho
of the Prrshlrnl been
piled with, much more would have
/, expended than was expended.
he bill, after Mr.. Adams had con
ed, was taken from the committee of
" hale. In the House IL wns Discus
by Messrs. Thomas of Md. Wise Of
, Reed oi Mass, Anderson Of Me,
ppnrd of y. C., Nlunroo Of y. Y.