The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-01-26

suspension cfthe rules ii the objection not with
drawn lie hoped the gentleman would withdraw
his objection
Mr. CHAPMAN then withdrew his objection
butt being renewed by Mr.. ALFORD-ME Fiji
more moved suspension OF the rule for the reception
OF the report, winch motion failed.
Mr.. JONES then renewed his motion
Mr.. RUSSELL SAID, this the day for pr-
vate bills, and there Were numerous pressing, 10
the passage Of which no objection would be made, he
would move that The special order be postponed I'll
Monday next, and that the House proceed to the con-
sideration Of private balls.
The motion OF Mr. JONES was first in order
On which, Mr. RUSSELL called for the yeas and
nays but the call was snstant d and the ques-
ton was taken and carried.
WheIeon the House resolved itself into a Com
mittee Of the w hole the State of the Union MIR.
CAsLY in the CAar) and resumed the consideration OF
the special order,
THE TREASURY NOTE BILL.
On which Mr. THOMPSON, of Miss, was en-
titled 10 the floor.
Mr.IHOMPSON said the at eston involved deep
~ interested his constituents. Not only the question
Of issuing Treasury notes but other great questions
were nyoved-the present condition OF tbs finances
OF the country its future wanls--lts income and
pendtures involving IN this, the Land question, the
tauh, and bank que uons.
lie should support the measure now directly before
the Committee, and ppose every substitute thai has
yet been offered He would give his reasons
csey anu clearly as possiptj tidt MS eoHsiitucbts
might understand the course he intended 10 pursue
Every gentleman, he believed had conceded tue CON
suona night Of issuing rea sury notes, except the
gentleman from South Carolina, Nj. w Ihompson)
| No power was more clear and definite IN the Con
stuliun than that OF borrowing money.
The question was is five millions sufficient
II seemed TO HIM that gentlemen were determined
TO come To a certain concuson-that an extra SEES
sion must be called, and desired to throw on their OPP
ponens the blame.
| II. ,h. a. Of tbnr
y, (Mr Barnard) OF renewing the public works
and improy such measure he did not support
such spirit was condemned by his constituents
If this the reform that the incoming adminisra
ton were now gong TO bring about they had deceived
the people.
The main principles of action by the whole party
coming into wer were additional taxation, and the
distribution OF the public lands.
he duties on imports had been the cause Of enmity
between the two parts of our country, who had as
brothers. gone forward in the struggle OF the revolution
because conceived II to The prejudice OF one, and
the advantage of the other.
The distribution OF the public lands tends to divide
the revenue unequaly and leads the States to expect
to receive nutriment from the public goyernment-H
leads them TO expect TOO much from the Congress Of
the United States, that the Government, the last
offspring of the States, TO be their supporter 1t
would have tendency OF raising taxation on the
people, and the immediate representatives, who spend
the money will not have the power OF imposing the
representation and taxation olght to go together
lie advocated the pre-emption system
There was disposition TO pass new tariff law.
Gentlemen might object to the phrase--he said he
was opposed to It,.
He stated the principles that he had conceived the
duty OF the South growers OF cotton, u follow
LIST. The imposition OF duties, however lightly they
may be imposed, bears heavily the exporting in
terest
1t was conceded, under the Compromise act that
imposition Of duties protected articles, would give
to the Government sufficient amount of money to
meet its expenditures.
The Compromise act was gone into for the purpose
of protecting the manufacturers.
In consideration OF this subject he referred to the
former debates on this subject by Messrs Clay, Cal
houn, and others.
Now, was not the proper time to go into change
of the Compromise Act--to remodel it. One OF the
vast not necessary for the purposes of
revenue and another, the gentlemen who, it said,
have majority in this House, in the minority be-
fore the People. lie therefore unwilling that
they should touch this delicate question and remodel
the system.
He hoped the income Of the government would
never exceed liz necessary expenditures. He held to
collecting no more money of the people than
cessary Tor the government.
The gentleman from New York Mr. Barnard) had
asked whether the objects intended by government
had been carried out. He (Mr To said they had.
MI. b had complained that government had not OPEN
ed our lakes, harbors and canals. MIR. L. said this
not the object OF government
He MIR. b. had sand it was the duty of govern
ment to furnish great national currency. There
they would differ widely the other quest
He advered to the present condition OF his own
Stale Mississippi and expressed the opinion that she
would soon Use and take advantage of her national
positlon-her genial climate and terlle soil he great
staple, and the energy of her people, and would
be one OF the most porous States in the Union.
1t was lett with the committee to decide TO the
course they would pursue,
He trusted the question of additional taxation
would not be hastily acceded to-st. he feared it. He
hoped they would not enter into system OF this kind
and select this particular item for taxation. We might
as we'll tax the article OF tea silk, 1t much
a luxury.
He hoped the time would never come when there
should be superabundant revenue in this Govern
ment--that we should be looking around Tor to
expend lt--and when the gentleman from New York
(Mr Barnard) could carry out his scheme of internal
improvement.
When he conceded
Mr. LANE of Ia took the floor.
Mr. LANE should not touch this subject as a Har-
rlson or Van Buren, man, because he was neither
he was his own mamie should legslate freeman.
Within few short weeks, after the Secretary of
the treasury had rung in that all we'll
We had request to issue Treasury notes.
dc took II Tor granted that there is deficit in the
Treasury, and II must be continually increasing un-
less some steps taken to remedy il and regulate
the currency-not atenpordry--but permanent de-
hcil-wlIeh has been gong on and increasing for the
last four years. Every debt since the commencement
OF our Government, might have, with equal proprety,
been called temporary Why have not the Adminstra-
tlon moral courage enough to stand up, and tell the
people that they nave expended during the last four
Years, over thirty millions OF dollars than the
come of Government. They wish TO hoodwink and
humbug the people. They dare not place it on the
ground OF loan knowing that the people will
the real condition of Government.
He should not conccde the constutionality Of this
measure These Treasury notes are bills of credit,
and interdcted by the constitution OF the country
But, supposlng them 10 be constitutional it was better
10 supply this deficit by direct loan
The Administration had expended eight miilions