The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1841-07-27

when II became necessary to act ioI He S''" " -
country; aud the majority would not be deferred
from such by violence, by measures OF IN
rmidation, nor by bullying If bullying should be AT
tempted
The fate Of the bank bill remains very doubtful
an attempt is making to compromise differences
Of opinion, by inserting an amendment giving pow
er 10 The bank To establish branches, with The as.
sent of the Sares- and to Congress the power TO
establish them without such assent when iheyshall
deem il Unnecessary and proper" to do so, but the
prospect Of SUCCESS is not very brilliant.
The House has been occupied all day IN talking
about The fcrti6ca,ion-bill, in committee of the
Whole. The clause approprating money for n
foit on Pea Patch island stricken out, but no
further amendment Of importance has been accept
ed. Mr. Underwood Of K, OBJ ected to The appro>
priaiIon for the forts in Boston3 harbor, on the
ground that their fair share had heen already a!lot
ted to them. He forgot the appropriations of the
last two years had been withheld
Mr. Mason Of Ohio made able speech in be.
half Of the bill and very successfully rdiculed the
inconsistency Of the Locos, in resting quietly for
three years under the aggression Of Britain-and
then suddenly becoming truculent and sensitive
on the su'iect-while AT the same time refused to
spend dollar for putting the nation in a condition
TO meet with respectable front. Their
clustering reminds one Of the old lady who sudden
Iy Gifted up her voice and wept" one fine morn
ing upon os,ensible provocalion, and who rep!i-
cd to astonished querist, as to the cause of her
lamentations, that she crying for her son whose
death she had patiently horno for 90 years, and I'm
ill she could hear ii no longer,
July rs.
As soon ms the usual number of petitions respect.
ing bank and bankrupt law had been presented
to the Senate, this morning, Mr. Clay moved to
take up the loan bill at once, rem arxng that there
only 5000, 900 in the treasury three days ago
and that the wheels Of government must step un.
less the bill should be passed at once, TO enable
the treasury To meet it engagements. He called
upon the present opposition TO remember the read
mess which the wings had always evinced to al.
ford the necessary supplies to sustain the credit of
the former administration, and hoped that I'M
necessary delay would be occasoned in supplying
the necessities Of the present administration Obs
ections were made from the other side of the |
House, not only TO taking mp the subjec but TO the
form orthe proposed loan and the amount proposed
to be borrowed, but the motion finally prevailed of
ter good deal of desultory debate and the bill !
was taken up. You will recolect that 1t proposes
10 authorize the President to borrow not exceeding
$I2 900 900, at per cent, payable at the discre-
ton Of the Secretary at any time upon SIX months
notice. without such notice, after Jan. 1915.
Mr. Clay briefly and forcibly exposed the mpov.
erisbed condition Of the treasury and urged the ne>
cessity Of making immod late provisions for its re.
lief lie said that the frs, half of the current year
ending on the first Of July, had fallen below all
the misunderstanding been only five million z hun
drcd and two thousand. The appropriations for
the present year, beginning or the 4th of March
were $24 $1,000 The S2,5OO, 900 req ured by
the department, the g. 400 900 for tho Naval
service, and upwards of $4,000 900 required for
other important public uses, would swell the a.
mount of OUTLAWS TO 100000 .O00-to pay which,
there would only be about $40 900 900, including
about $4,000, 900 Of treasury notes already expend
ed. The amount of appropriations falling upon the
present year, was very sensibly increased by the
suspension Of tho different branches thereof by The
last administration. The form of the loan bet !
fei lhan the treasury mole system, as being more o
pen and manly at once, and more convenient to
he Secretary, who would know better what he
'ould depend upon. Under the former plan he
could never draw upon subordinate financial Off
Ger without mourning the risk Of having his draft
dshon@red, from the fact that the funds had been
exhausted by the redemption of these Treasury
notes.
Mr. Calhoun said something Of this "system of
measures 10 the 'taxpaying' people of the South.
and asked why the extra session had been called, |
and whythe promised relief had been afforded |
MIR Clay, IN considerable excitement replied with
great energy and commanding eloquence. The
cause of the extra session, lie said was the same
which had Produced the revolution Of last Novem.
bert was TO be found in the distress of an ourag
ed and oppressed people, who cried from all quar-.
tiers ioi immediate relief from the embarlassmen,s
into which the disasterous policy of the late admin
israion had plunged them This relief was not
TO be afforded in day-they must have time to
put such measures in operation would supply it,
AS soon as it was proper, that was at the next ses-
sion, he intended 10 move abolish the useless &
expensive branch minis which the Senator had
been The principal means of fastening upon the coun
try. We were all n tax paying people, and he be
lieved that three times greater amount of I axes
paid per capita in the free States than IN South
Carolina. Such taxes the gentleman alluded to,
were paid by the of dutiabe articles, and
Il