Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-08-12
v AsnlNnroN. Angnsl 6.
UNITED STATES SENATE

UNITED STATES SENATE.
The Senate lhen resumed the consideration Of
the Nav, pesion Ban, aud afcr debate, and beng
amended, the blll as amended, was engros,ed with.
Out cuunt.
LAND PILL.
The B,ll TO distribute the proceeds arising from
the sales OF the Pubic Lands ca nc up lur eouslde
ration.
Mr.. SMITH Of lod moved To take up the Bill
from the House oi Representatives 10 distribute
the proceeds from he saes Of The pubic lands.
MIR. SMITH Iouk the floor aud made one of The
ahlcsl and practical speeches ever made in the
Senate upon the subject Of the Public Domain.-
The ehatmnn Of the committee Discus ed the whole
suffice Ia the general aud ~ detail, aud IN 4 manner
whnh called lolth at tunes the Undivided attention
OF tie Srnltr.
Nj. Smiih stated The orr in Of The question from
the original p, secession Of the Land, as derived from
The purchase from Foreign Gpyetnmculs fIou, the
Cxnnenlshmcnt OF Indian tIllcs. from the right of
possession resulting from the Revolution. aud
from the surrender o. the States 10 the Government
as common fund FOR the uses Of the Uulon.
The several deeds of cesslon were rclcuod 10 also
= tho purpose Of showing that tho Land was
ccjed iur the separate uses o the States, instead of
the bentht oi The General Government. alter they
have fulfilled iheIr original purpose OF aiding IN
paving the Revolutionary Debt OF the General Gov.
eminent,
The NEXT point discussed was hat the Revenue
II II celpls bad varied l,om Lands fom $500
uoo 10 S25 000,dC0 per anuum. THIS was proof e
nongh, ana to those Who had faith in General Jack
son, his testimony showed that Revenue lgom Loads
ought never be depended upon as a source ii Reve-
nue. lot the support ii the General Guyeinn!cni.-
The CHASING argument oi Mt Smnh had reference
10 the question as It presented ltseli to the county.
lie conttndcd that The Land belong ed TO the States
and that the SAFES were cntllled To II upon every
Hlaclple OF cqply aud Justice.
In he ard TO the question a political ono he
was wiling 10 present II with the other Wing mea-
sutts, and he believed II would be acceptable not
only to the Wig party, but To the county.
No Senator telns prepared TO continue the dis
cussiln,
MIR. ARCHER moved an Executive Session,
"s 'ae'e was business q Importance to lie consider
The Senate thcn went into Executive Session
md alter sumc time spent therein. adlpnrncd.
HOUSE OF REPRESENTATIVES.
he IL use went into Committee Of the WHOLE
on lie Fiscal Bank of the United States as 500 n AS
the journal was,cad The question pending was
on sttlhing Out the cnactiug clause.
MI THOMAS BUTLER KING uf Georgia.
h'u the Hoof 10y adjournment lasl night. He legan
by eNpf sslng hs lorm,r opposition iua L s Bank;
changed lie sad, by the sad experience If the last
SIX years, and his convictions of the mptactlcabIl,
OF establishing an entire metallic currency or a cur
Iehcy Il gid aud silver 10 any considerable extent
lie ted the instances of Hamburger, London aud
other commercial capitals, which in thcr practice
"s'e conv need OF the absolute necessary OF usilc
paper currency, Attending chcgrncss and rapidly II
tansporation. lie considered the measure Of the
duslry "i the country or its prolucls as eIcaiing
the value OF paper as currency.
The so'nne power he argued was grapte ! in The
Constltnion 10 cfcale uniilfm currency, that the
duties taxes and excuses might be paid IN an uniform
currency throughout the |. 5 arcs. Tins pave,
having laIled 10 accomplish the objects for which il
was granted aud the > att having exercised thu pow
et TO confer On eoIpoiaIons the power to issue pl
per currency AID the corporations being tccssaf, IN
''H nature WI never adopt any means To regulate
!he paper currency or render il Of uni0lm value
oelog interested Ia the cause OF fluctuations.
l. therefore became tho duty Of the gnyernmt OF
to regulate and render uniform as Ear as protlcable
Iha.issues Of tie State banks aud cause 10 be crra.
dted a uutofin currency rcccyalc IN the dues OF
me Government that the command of the Cuusti-
tulIon,--"all duties" &c. shpl be Uniform shall
be complied with. Hence the uccess,ry of cary
'ng INTO execution the granted powers IN The Consul
Guiion.
Mr. King sid that the peo lie can no lorgcr en-.
dure the present nt-commeree and IN |
uusify mus go down under ii. But establish this
mstilu'on--n Regulate the currency, exchanges,
ana an improper issues OF paper. Those who Oh
Pose lhis OH VIII soon SEQ lis beneficial effects
ana INA sooner, or later, either through the presenl
congress OF u iulure one. bauk u the L. States
WI be lound indispensable TO accomplish the great
ana important objects contemplated by tie present
bill "
Mr.. ROOSEVELT Of N. y. said his consr,,-
'nis we've opposed TO The bill. They enttrlarucd
o"ards II not an ordinary feeling Of dis he but
ieef aud settled l'eisien. They regarded Nation