Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-03-25

ext Tor rasing the tariff when forty millions Of sur
spius vas no prctext for diminishing the T.Y;6i
suppose these twenty eieh millions were now
"a, me treasury, ! would ADM, you defcien-
We We hlEnest insisted on, OF fifteen millions
anu then, Sir, we would have an excess sill OF
n,.een millions | repeat, for the pretext Of dimi-
mutton instead Of increase Of the tariff AT this yerv
ume. VOW, now, at this momens, there should be
Car Io' DIMINISHING, instead OF deficiency
Increasing the tariff, iithetc had never been such
'hing rs "a strihution. Yes Sir instead of voice
mom me South To hail. "excessr for dimioution of
ne 'ert The arch null6er himself was seen SIDE by
S WIN inc great champion OF the tariff, coming
-, uo'h the Senate into this House aiding the
OIL oideposite distribution, in open violation of the
Constitution, ~ J0"> NV anu VI inc
Dstr,oo,ionl Unjust give that Sir. a thorough dis
eoo,n me hrst thing have to say Of it is, that
contemplated in direct connexion with this bill TO
ssue treasury notes, il makes me doubt the sim
tny ., gentlemen in pretending to any alarm a.
Treasury. =" "e
How can gentlemen be sincere in their demand.
Tor increased duties on imports to supplv IN, want,
a"u pay the debts OF the Government, when in their
next breath they proclaim their policy of
40. Dis'rioulion OF the revenue from public lands
| internal improvements N W.
| lures 'NPs"u'
Are these objects of raising the tariff consis,en,
Vim her avowed reason of de6ciency1 Or isa
ueneieney the pretcxt, and these the real rea-
So.s VI ciamor Tor an increased tariff
or, desire, IN the next place. TO relate IN hi.
0o''''h''ee the history Of that bill 10 deposte the
surplus OF revenue in 1886, with the States of Tho
on'on, mean the deposite act of July, 1886.
In March, 1888, the compromise ACT was n,,,.d
enac'ing expressly as we have seen. thai No n,os
revenue should be raised than was necessary
10 an economical administration of the Gove,nm.n;
anu IN case OF excess, the duties on imports Should
be reduced. ~ ~ "''uS'
The Government deposi,es were removed c,,,,
tne custody and the control ofliw in October Is3s
rom that time until the passage OF this act of inv
isSo-ior the period of two years aud ten months
or s puJuI Heposies remained, without authority
OF law, wholly under the custody and control Of
absolute Executive discretion. During ali This in.
terval, nj the sessions Of lS33-'3i lS3I-,35 and
IsSs- So the Executive exerted all its influence
strained every nerve, to pass deposite act to sane,
tlon IN the hrst place the removal of the d.nos.s
and, IN the second place. to confirm in the Exscn,;
an absolute and unlimited discretion to domestic The
government funds in State banks, as shonId SEEM
NJ 70 inc secretary OF the Treasury, contrsled by
| the President as his officer.
The journal OF lS34--'35 will show ,b,, ,,L
session MIR. Polk, who was then Chairman Of ,bs
committee OF Ways and Means brought forward
me Administration projet ofan act of deposite
win the State banks, which was very like r. NOT
PtSSise'y inc same rs the bill which in
1880. The bill, rs proposed by him. like tho hi
oil July, 1856, contained at all events no nroyion
Whatever TO secure the safety of the pu bc Jono.;,
IL lett, as the bill OF July 1886, did every thin 80
a broad, unlimited Executive discretion. The hill
was reported in 1885, and regularly reGerreJ -, ~
COMMITTEE of the Whole on the stat. Of ,bo Line e
In, Committee Mr. Binney, the able and J;. ,;"'
suished representative ofPhlladelphia then xrLos
seatls now II led by the gentleman to my leI, mi
.I proposed sundry salutary amendments.
'e Sil'e' " "h'ch was an amendment requiring the
banks TO have IN their vaults at least one fb Of liz
amount OF deposites in specie This omcnSn,e
was offered at the right time Just when the cr, Re-
gan Tor gold aud silver and a "hard money c.
e'hnenti and, though the Administration onnossS
y nsn' ana man, and though they had ma.
Jority IN the House, it passed IN committee h,, =.
decided vote TO ensure il. sncccss - ~ ~
mouse. AND here, let me remark sir thai Il ,h,,
single amendment had passed with the ln,y thor ani
hiu oeen strictly observed, we should No, bn,n 81
Ia IetIlole explosion and universal suspension INV
the banks, which have since followed for tbc W.,
u IN the act OF July 80 Mark that as Won 90 -. "
" the oiame oil the Administration, not the R,rL'
ana TO the honor of the truly great statesmen -
1hen proposed and Insisted successfully in tho Coz
mi'tee upon the amendment PASSING in III. c.
miuee, why did il not pass in the Uons0 t"e Tom, ON,
teii you, Sir. Ii actually defeated the hin IT,
administration was determined TO have the hin a
u was, without any such limitation and res,r;c,;o-
" Iaw' OF 10 pass no bill at all. The Onpo,i,ion
'NS ehSh wisely determined TO guard the
oy sanitary provisions of the kind. or IN ar, I;
altogether, and leave the whole respon,i,;I;, -,
on the Executive which had "taken the res,or
sioihty' upon ITSELF Well, Sir-the Adm;o;I,o.
s'on hsu suffered defeat IN the Committee. Tho
nen ,,l was 100 wise, too proper too "hard
money, Tor hard money" partisans 10 dare TO vote
y down, even under the strictest party drill W.
men was 10 be donel All the party Schemes 80
oank speculauons, issues, loans, discounts, anJ d.
ba'S' eVneoS S!t ny the pets Of a "pet bankn-
i>suSsH Al Whitney concern, were likely - -
Knocked IN the head by TINS ..spee;r 80 DC
%foS e ss vas fi'eSs air,GfSo IN the
al a., HSht, and saved all Appearances NJ y.,Ie. 10
i hose OF the Administration nnrt,, ,vIo L.e'ory;
'or the amendment, and who could not do o,ba,;S
were told that, IT they would only recons;Ja. ,I'
So on inc amendment, and reverse tbe.r vote aS
Le II, tue oiII should be quietly laid TO rest Ind
9her party allegiance and consciences bo,h sS'ii
oe saved and troubled no more Inv eli , "OuIu
az aih ether for the bill or the amendmen, ,hs, 80
T H' ne bargain was struck and the hill 90.
; ;au us,ue or run over rather for that year. TIL
Jou,"a, or shows every one of these facts re-
gain. ana the bar
congress again met in December, 1895 and The
I'M contest was again begun and continued Owe,
VIC 'Pteie cause dmsndmsni." MIR Polk went In
. ~ sne Speakers chair, and Mr.. Cambre,eno he
led ,SaI. 'n VI ways and Means. Under his |
.ouu lie same war continued, and lust as tbouoh,
we were about to win the victory. oi %, snJIan |
la lNf I
t'ouShp seemed 10 strike certain orea, Ie,J,s -
t ,, Opposition. All three Of them tNessTs c.,
Webster and Calhoun) seemed TO eYcls;O, =, NY
hR Re me Gresk philosopher Eureka! Eureka!-"Ws
nave IL" "Give us the surplus for the stats anJ
you may DO as you please with the deposites ~ H.
E EeaeIal Government. You may place them in a
INJURED and one rotten banks, without a snec;e |
cause you please, provided you will dsnosi,s
me surplus with the Staes!" Magniicen, schemei
S9ankruptlng the Treasury here; in Turing ON ,bs
and individuals to every species Of IMPROVE
oenee-ln helping TO bIoata bad cunencv-in rnnL. |
ing Oao debts-in causing "defcienciesr- rnaI
ing Pteexis Tor another high tariff Let the present
CONDITION OF our people, OF our State and FsJcr,t
Governments, Of our whole country. AT homo 90 |
e eII attest 1t took. passed-ts effects are
IeH' Thank my stars, Mr. Chairman. tbat ,be,o
was one Opposition man. though but one. and IA |
GI 'ne administration only who voted against that
iinl9uhous bargain. The vote always was cod
nays, 43 Democrats and Wise" That yo,a |
life. e"'' J" my PuoIc
lspeeeh 10 be coniinu,d1
MARRIED,
On Tuesday. the tGfh in.,,,t t-.,tb