Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-02-22

Mr. Clay of Ky. gave his views briefly against
the bill, summed up thus;
"Tllpt tho Treasury notes are not as good as
temporary loan--that loan could he met upon
better terins-thnt notes or any government paper
should not he circulating uediuuI--and that me
deficit in the Treasury should bu met by tax up
oil articles of luxury"
| Mr. Wright rose and replied to Mr. Clay briefly
lie preferred the notes to the louu because the
ISSUE OF notes WINS temporary, and the loan would
establish a permanent debt, which would grow
upon us. A note could he soon redeemed, but u
loan would remain for years and establish n sys-
tenn not to he done away.
Mr. Clay rcjoincd The honorable Senator talks
OF permanent public debt Who ever thought
of n permanent public debt No one ever dreanlt
OF such thing? Let us hear no more Of this
from The friends of the present Administrations
They have covered every department with debt,
and the debt contracted by tho administration is
variously estimated from fifteen to forty millions
OF dollars. For amy OF the friends Of the admin
istration tn talk of public debt after this was
sheer hypocrisy.
Messrs. Benton and Preston spoke against the
bill, and Messrs. Calhoun and Hubbard for it,
The bill passed % to 8.
In the House, nothing Of interest.
Saturday, Feb. -. The Senate did not sit.
| In the House, Mr.. PickiTs from the committee
on foreign relations on cave made a report in
swer 10 the correspondence, referred to that COM
lnittec, between MIR Fox and Mr. Forsyth, in re'a-
lion to the case of M Mcleod.
! Judging from the tone Of this report Of the
Committee on Foreign Relations, it would seem
| if "Clouds, shadows and darkness" were gather
| ing over our diplomatic relations with England.
| Mr. Fox OH one side and Mr.. Pickens OIL The 9th
er, seem to have hccoIne quite heated in discus
ing the merits OF this controversy, and fle desti
Iies OF both nations rested in their hands, ii is
Improbable matters would soon be brought to II
crisis. We learn from the correspondence of the
New York American that n warm debate
on The motion to print the report, which occupied
The whole day. Mr. Granger, one of the commit
tee, opposed the printing, aud stled the fact that
it passed The committee by majority ofonly one.
lie considered the report unsuitable, as well as
unparitic Mr. Adams spoke offs ominous chur
acier, gifts diuscncss and its want OF pertinency
and was in favor OF recommittal, with view TO
ave a report more to the point. lie seemed also
to think that it was charged with mischief,
emenaing from the legislative brancl, Of the gov
81 nmenf, while the Executive had in charge this
delicate md dill'cult question as n subject of d.
plOniacy. For these and other reasons there was
strong opposition 10 the printing OF the report in
such Iapc, cnbcdyug SO much irrelevant
,uatter, AMI So belligcrcn in its temper. 1t
carried, Notwithstanding, ms n fire brand tossed
under The tables of tho new administration, to he
n.anasedby them
" are happy To observe that the committee
arrive at the conclusion that tall points Of diff
Guilty may he honorahly and nmicably adjusted"
il both Governments pursue "A liberal and gener-
Gus policy"