The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-07-24

tonary claims and had rescued the widows and fami-
lies Of old soldiers from the almshouse and with all
this they had created debt But what did the pre-
sent Administration propose2to make national debt
OF twelve millions for this loan, sixteen millions for
National Bank, and three millions for distribution;
making debt of thirty-one millionsi and tins all
under reform and economical Administla alton.
The amendment was farther discussed, by Messrs.
EVANS, WOODBURY., CALHOUN, CLAY, OF
Kentucky, WRIGHT, and YOUNG, and was then
rejected, by the following vote;
YEAS-Messrs. Allen, Benton, Buchanan, Cal
houn, Clay, of alabama Cuthbert, Fulton, King,
Linn, McRoberts, Nicholson, Pierce, Sewer, Smith,
of Connecticut, Sturgeon, Tappan, Walker, Will
liams, Woodbury., Wright, Young-I.
: NAYs.Messrs: Archer, Barrow, Bates, Bsyard,
BerIien, Clay, of Kentucky, Clayton, Dixon, Evans
Graham, Henderson, Huntington, Kerr, Mangum
Merrick Morehead, Phelps, Porter, Prentiss Preston
Simmons, Smith, of Indiana, Southland, Talmadge
White Woodbridge-26. II
Mr.. KING asked when evidence to show that this
amount was not necessary had been produced, how
gentlemen could reconcile this unwiingness to re-
duce this loan to their professions when the bill
taken upl The Senator from Maine had not been
able to show more than nine millions defcit-why
them would they borrow this three millions than
requisite to draw interest for three years Why
it, he would ask them He was willing to give the
Government what they required, but he asked them
not to run into extravaganza. He therefore moved
to strike out "twelve" and insert SHINE" millions
The motion was negatved as follows: .
YEAS-Messrs. Allen, Benton, Buchanan, Cal
houn, Clay, of Alabama, Cuthber, Fulton, Hender-
son, King, Linn, McRoberts, Nicholson, Pierce, Sc
yier, Smith, Of Conn, Sturgeon, TapPan, Walker
Williams, Woodbury., Wright Young-22
Bernen, Choate, Clay, of Kentucky, Clayton, Dixon,
Evans Graham, Huntington, Kerr, Mangum, Mer-
rick, Morehead, Phelps, Porter Prentss, Preston,
Simmons, Smith, of Indiana, Southland, Tamadge,
White, Woodbridge-26.
Mr.. BENTON then moved to amend the bill by
"And that the sum of two millions of dollars part
and parcel of the aforesaid oan be intended for re-
serve fund to remain in the Treasury to meet conn
gences, and shall not be borrowed except during the
recess of Congress it shall become necessary to Dor
row the same part thereof to meet the appro
hand and accruing may be deemed insufficient"
Mr.. b gave his reasons for offering the amend
ment. 49,. ~ r.. u.s..
Mr.. CLAY replied with earnestness, contending
that it had been shown, demonsraby shown that not
only would every dollar be wanted, but that more
might be required.
The question on the adoption of the amendment
was then taken and decided in the negative, as fol-
lows:
YEAS-Messrs. Benton, Buchanan, Calhoun,
Clay, of Ala, Cuthbert, Fulton, King, Linn, Nero.
berts, Nicholson Pierce SEWER Smith, ofConn, Stur
geon, Japan, Walker WiIliams Woodbury., Wright,
NAYS.-Messrs. Archer, Barrow, Bates, Bayard,
Berrien, Choate, Clay, Of Ky Clayton, Dixon Evans,
Graham, Henderson, Huntington, Kerr, Mangum,
Merrck, Morehead Phelps Porter, Prentiss Preston,
Simmons, Smith, of Ia, Southland, Tallmadge,
White, Woodbrdge-27 . #.r. .a +.
Mr.. BENTON then moved to amend the bill
so as to divest the Secretary of the power over the
distribution of the money, and place it in Congress
An amendment he said, which ought to find favor on
the other side. as Iat ,sa
On the adoption of this amendment the vote stood
YEAS.-Messrs. Allen, Benton, Buchanan, Cal
houn. Clay, of Alabama, Cuthbert, Fulton, King
Linn, McRoberts Nicholson, Pierce, Sewer, Smith
Of Conn, Sturgeon, Tappan, Walker Williams
NAYS'-Messls. Archer, Barrow, Bates, Bayard
Berrien, Choate, Clay, of Kentucky Clayton, Dixon
Evans, Graham, Henderson, Huntingdon Kerr, Man.
gum, Merick, Morehead, Phelps, Porter, Prentiss,
Preston Simmons, Smith of Indiana, Southland,
Tallmadge, White, Woodbridge-27.
Mr.. SEWER then moved to amend the bill by in
sertng the following:
"Ana be it further enacted, That it shall not be
lawful for the Secretary of the Treasury to reissue
any Treasury notes that may be hereafter be re-
deemed"
This amendment was opposed by Mr.. HUNTING
TON, and advocated by Mr.. SEWER and Mr.. AL
The question being taken on this amendment, the
vote stood:
houn, Clay, of Alabama, Cuthbert, Fulton, King,
Linn McRoberts, Nicholson, Pierce, Sewer, Smith,
of Conn, Sturgeon, Tappan, Walker, Williams,
Woodbury., Wright, Young-2l. =.
NAYS-Messrs. Archer, Barrow, Bates, Bayard,
Berrien, Choate Clay, of KY, Clayton, Dixon
gum, Merrick, Morehead Phelps. Porter, Prentiss,
Preston, Simmons, Smith, of Ia, Southland, Tall
madge, White, Woodbridge-27.
Mr.. CALHOUN wanted to offer another amend
ment to strike ont all after the enacting clause
to allow of the issue of Treasury notes, and then to
and the long and exhaustng session they had already
passed through, he would move to adjourn.
Mr.. CLAY spoke of the necessity of prompt action
the bill, and hoped the Senate would not adjourn
The bill had been already discussed at great length,
but if the Senator from South Carolina had any thing
further to offer, he Mr. CO. would listen to him. with
great pleasure. @E}
Mr.. CALHOUN would like to defer it until Mon
day, with the understanding that the question should
be taken Immediately after his remarks but he would
make no motion. #r
Mr.. ALLEN moved an adjournment.
Mr.. CLAY called for the yeas and nays.
The question on adjournment stood.
YEAS-Messrs. Allen, Benton, Buchanan, Cal
houn, Clay, of Alabama, Cuthbert, Fulton, King,
Linn, Mcltoberts Nicholson, Pierce, Sewer, Smith,
Of Competent, Sturgeon Tappan,, Walker VIII
NAYS-Messrs. Archer, Barrow, Bates, Bayard,
Berrien, Choate, Clay, Of Kentucky Dixon. Evans,
Graham, Henderson, Huntington, Kerr, Mangum,
Merrick, Morehead Phelps, Porter, Prentiss, Pres
ton, Simmons, Smith, Of Ia, Southland, Tallmadge,
White-25.
Mr.. WRIGHT then moved to renew the amend
ment of Mr. Sewer, and this motion debated by
Messrs. BUCHANAN, EVANS, KING, Der
RIEN, CLAY, and others. g..
Mr.. WRIGHT then, by general consent, modified
the amendment so as to read
And be IL further enacted That il shall not be law
full for the Secretary Of the Treasury after the passage
Treasury in payment of any public dues, nor reissue
any such Treasury note paid or redeemed by him in
any other manner to issue any other notes in the
place of those paid and received.
The question was taken on the adoption of the a.
mendment and decided follows
. YEAS.--Messrs. Allen, Benton, Buchanan Cal
houn, Clay, of Alabama Cuthbert, Fulton, King,
Oh Nicholson Smith Of Com