Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-01-16

Blu, he says the party coming into power are with
out principle But does he not know That they are
against the b-Treasury, and in favor of some
sound and safe regulation of the currency! That
thew are for economy! That they are against the
extravaGance Of the down fallen Administration!
That reirenchment is their aim! And that they are
opposed to the late fearful usurpaions and abuses
of the Executive power! Sir, the gentlemen forgets
that the election is over. assure him it termiha'
led Nov I'd, 1S40 He seems to think that he is
addressing an assembly in New York, Poughkeepsie
or elsewhere. Because Gen. Harrison did not
choose to reply TO impertinonce, the gentleman char
res him and his party with the want OF principles
But on all subjects he was manly and open, and 1t
was on principle that the People brought him into
power. But do gentlemen really mean to assert
that they are without principle! No sir, no. They
know the principles OF the new Administration
well enough. They know thatit will not denounce
bank paper and then give us Treasury notes; that 1t
is against all expedents of this kind; that the Ad-
ministration will be openly ard fairly conductcd
that it will not have debts to large amount sur
rounding the Government in all its departments--to
the Indians for State stocks male for political pur-
poses, and reduced to twothirds of their original
value; for the Florida war-literally covered over
with debts and all the time preaching against debts,
and all the time using Treasury notes; and they
know, if they do not tell how much Of debts they
| have to pay, we, when we have the means OF in
vestigating, will cast up the aggregate to great
| nmount-an enormous and mystfed amount
Sir if it is the will and pleasure of the majority to
vote down the resolution, let them do it manfully,
and saw that their will and not the will of the Peo
ple shall prevail. But if the will of the People is
to be carried out, there is no reason for delay, the
Sub-Treasury should be repealed and forthwith
Mr.. CALHOUN Gndstinctly heard) said he had
hoped that the party acting with the Senator from
Kentucky would have been contented with thei
! nJ 1r,o IN, with tho hu SnncS nf th q
session. Let the new President when in power
present this measure of repeal on his own respon-
sibllity, and it would then be time enough to act
upon 1t. If his Administration should be really one
of retrenchment and economy, Mr.. c. would moi
inquire how it came in, but would support all its
measures to which he could give his support
But he did not view this resolution in the same
light as Che Senator from New York. There hat
been very great excitement, and there now ough
to be calm so that the people could think over the
whole affair. and come to conclusions at which
they could not arrive under excite IN ent.
The Senator from Kentucky had said that the pro
ceedings under the measure were nothing more moi
less than the old practice Why, then, repeal it,
But Mr. c. did not hold it to be the same. The Sui
Treasury, whether il was wise or eXpedient was
at all events not unconstitutional. The gentlemen
from Kentucky was now for restoring state o
things which that Senator had denounced which
was that all the power should be in the hands of thu
President. If the practice was as the Senator ha'
stated, Mr. G. pronounced it contrary to law. ant
hoped the Senator would move resolution of in
qury on that subject, and Mr.. c. would not protec
any officer from the penalty of the law.
Mr.. c. proceeded to argue that the Sub-Treasur,
was not the only subject at issue in the late election
but there were thousand issues He indeed fear
ed that the majority of the people were against tn
Sub Treasury, but he doubted whether they were il
favor of the condemned United States Bank, or o
the pet bank system And let the question com
when il might, the only alternate would be eithe
this Sub Treasury or Bank Of the United States
for he held it impossible that gentlemen ever cout
90 back to that miserable, ricketty. condemned pc
bank system The question, therefore, was betwee
the Sub-Treasury and Bank of the United States
That, Mr.. c. would not now argue. But, said he
when Gen. Harrison shall come in, then will be tn
time and let the question Of bank come when
will, will resist it with every energy which CO.
and Nature have given me, for, with all oathO i
the bank is to be chartered for twenty years. deem
it worse than to have President for life, and more
dangerous to the liberties Of the country.