Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-27

md 10 contract new loans; IL Woud oe "'sei '"
money by selling the public 'ahas: h'sn, l,''o,'s
- res If surveyed land are now kept out OF mar
-. yh,ch. if offered for sale, wonid bring money
.nourh into the Treasury, not ohiy 10 prevent ' ~
.s;tr ofborrowing more but enable US 10 pay Oh 'ie
l-bt already contracted. lie therefore moved 20
zone the further consideration oi 's o'' ~ '"s
Monday in December next u,
MIR Benton Yesterday Moved also IN reserve 'or ''t
public pxgency, the eight millions oil aho' su't'ye
and prepared for sale thls year as usual ''' M' '.'
not been oiFr red because the Secretary SOUGHT !" Hf
deficit in the Treasury, TO render lla'innh nt
.arv THIS was To sustain National Bank, anu Tor "l'n
,Isy ,hc proceeds Of the eight millions ct land, held
hack from sale after survey were reserved. lhs Pr"
oos;t;on was also rejected. And thus, with second
LOAF impending the land surveyed Tor SAFE eh's tea'
and which ought to have put from three 10 I'VE ''''
IN The Treasury, is in fact held up Tor
the act of the Secretary who by antIcpailon nav III
feet giycn operation 10 the distribution law from Tue
moment Of his appointment to office on Tue 4'h -
March last The land which he should then have az,
vertised raise for the uses oil the yea' VIZ
now 90 10 raise the value of the State scrip IN the
hands of the Earrings and others; and while Il mus en-
hances State debts will leave that vacuum IN The req
sury which new national loan mast be authorized 10
Gil up in December next.
This morning, Immediately after the reading oil Inc
Journal the Fiscal Corporation bill was received from
The House of Representatives. MIR. Berren moved
-
bill was read by its title. The Chair then put me iues
ton "Shall this bill be read second time: great
majority of voices replied in the negative DIVISION
md count being called for, the Char decided ihe'e
were l. in the affirmative, and u IN the negative
4 motion was then made that II be read second lihe
now which required unanimous consent; ana no as
sentien beng heard, the Char directed The oecfe'a
~ 10 read Tie BILL lie had scarcely commenced,
however, when Mr. Alien InIerPosed an ooIec'on'
but the Chair decided 1t was too late. ms "p'
4 . Ho vi
Of Ala, Mouton, and sustained by Messrs. befF'en'
Clay of KY, and Tamadge, and the objection was
eventually withdrawn and the bill read second ''he
Mr. Tappan moved that the bill be indefinitely post
poned on which he demanded the ayes ana noes =
This motion caused considerable ilntterlng, rs ,he
Wings were evidently in a minority, and Mr. Berfien
commenced speaking against time until the aoschiees
could be drumtned up. He depicted IN glowing terms
the awlu! condition Of the country which TINS bis was
intended to relieve and the extreme danger OF coh.
nuinr the present union OF the purse and sword III Inc
hands of the Executive. Five or six Wing Senators
having come in Mr. B. took his seat, and the vote on
indefinitely pGspcnng the ILL was-ayes u, noes -
Mr. Brrrien then moved that It be referred TO oelec'
Committee. Mr. Clay, of Kentucky seconded i.'e
motion; and after referring To the great amount OF Ia
Dor the former select committee had WIN Tue DaiiA
hin reported by them requested the CHAIR not 10
place him the committee 10 he raised on The pre-
sent bill as he did not wish 10 have any thing part
cu!arl, To do with IT, Whether he should support Tue
committee could present practicable ana use
fn scheme of Bank of the IT, ). Dir. buchanan sa'o
he would vote for the motion 10 refer TINS ol 70 Sc
-ct committee He felt too great regard ior the Sc
nator from Kentucky TO force MtS thing upon the Iom
nt;ec on Finance, Of which he was Chairman. cor
rect iude Of human nature lad said that there was
bnt one step between the sublime and the ridiculous
The great Wing party had taken that STEP when hey
determined 10 create this being called the Fiscal Cor-
poration of the United States 1t this thng mac &c.
rived lis name from It's nature, II ought 10 nave oeeh
called .The Kite Flying Fscalty." The great wing
Marty lind descended through different grada,lons until
they had length sunk 10 this Fiscalty; and ne Tor
one should certainly not, By his VOTE subject the Sc
major to the modification OF becoming It's sponsor
The question then taken referring the ulii 70
Select Committee and it was agreed TO-
Mr. KIM. in the absence Of the Chairman nf the
Committee on Foreign Relations, Mr. Rves,l and IN
compliance with promise made 10 that gentleman,
that he would move TO go into Executive session ~
clock, now made that notion
Mir Calhoun expressing his willingness 20 proceed
with The discussion of the Land bill, Mr. King withdrew
his notion and the Land bill taken up, tie ques-
Iion being tS passage.
Mr.. Calhoun exposition Of the original sin in which
this measure had lis birth, and The fatal consequences
with which il is pregnant, was one oil Tue hnes' ciea'
csl. and most impressive arguments which lie ever de
| vercd.
lie first entered upon the constitutional topic, and
this lie illustrated with many original views, as 70
riye il all the charms Of novelty although has been
repea;cdly Illuminated ny the first minds Of the Senate
lie next argued the subject in all It's financial aspects
lie showed that this land distribution now INTRO
dnccd To form most baneful ingredient III that system
Of prostitution by which, from the beginning, the pure
and simple institutions OF our country were 10 be worked
M into corrupt moneyed Government. lie gave III,
outline of this mschievous scheme OF overshddowlne
hc Constitution, from its inception IN The hrst funding
syslem associated with banking corporation, dowf
10 The fatal explosion Of The last lie depicted The lone
struggle that has ncessanty agtatcd the country iron
this canse which like volcano IN It's BOSOM has gver
birth 10 al the shocks has felt from It's infancy to TIM
hour lie portrayed the violent party rancor it had en-
rendered and the sad melancholy deprivation oi pr
ya,e morals as well Of all the elevated feelings
patriotism, which had issued from this source.
In connection with this view, MIR. Calhoun alluded
10 The proposition of Mr. Linn, 10 dedicate the lands t
the defence Of the country, instead Of snrrenderng
10 increase the value Of stocks havIng no claims upor
in in lie hands Of the enemies OF the country li'
showed that naval preparation the great means o
reliance in maintaining orr rights against The only rra
from which they have any thing 10 apprehend, and III
showed that distribution operated by double process
10 weaken cur naval arm First directly, By taking
from il the which il was proposed TO appropriate
particularly to foster and maintain Il; and next, indt
cclir, 81 rendering the imposition Of duties necessary
when, in imposing restrictions on commerce, dam
nislrd our commercial marine, and destroyed, in th
cradle, the hercu'ean strength which was thence, II
| time Of war, impaired 10 our navy.
ilr. Calhoun, from the recently published document
derived from The inquiries Of tile Government produce
some extraordinary facts 10 mark the effect OF high du
lies on the tonnage and trade Of the nation We tool
no notes Of he sueech, and can give, therefore, on
in generals from recollection, the result OF h
comparisons. lie showed that, from lS2i TO lc3u
which comprised the epoch Of the high tariff ard In
glorious days Of the United States Bank, as thel
have been so repeatedly eItolled, when domestic IN
ds,ry was so highly fos,ercd hy the one, and forcg
commerce by The other, both our tonnage and trad
had fallen eff during the whole period, although til
natural growth Of the nation had necessarily great
resisted the dec!enson produced By bad legislation
lie then took the period Of disaster, has been call
ed by The Federal Par,y-the epoch Of the removal .
the deposcs, the pet bank system and Sub Treasury
and Of the reduction Of the tariff. The document
showed that instead Of falling of, our tonnage had in
creased more than third, and our exports doubled
The documentary facts exhibited By MIR. c., make
perfectly manifest that al! the wangs abou; the rn
Of the country, have sprung from the imaglnngs an
falsicalons Of hypachoEdfiac Federalism.
We shall be enabled in few days. to lay the -Peec