Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-02-01

OF NY. called the attention OF the Senate TO an
important report from the treasury department.,
in reply to resolution of his on the sales of the
public lands he said it astounding, aud II
properly understood, would blow the precmptipn
bill sky high. One thousand extra copies Of this
report were ordered.
IN the House, the treasury note bill was the
theme Of discussion.
Mr. Jones, Chairman OF tho Committee Of
Ways aud Meuns,l went into an elaborate exp Ian
alton Of the cause that led TO the call for the issue
OF new batch Of notes and presented an analy-
sis ot the actual condition of the treasury ut this
moment aud its probable condition az the end OF
the first quarter OF the financial year. lie stated
that the estimates of the Secretary of the Treasu-
ry for the year lSll showed probable receipt of
SI9.00O,OOO. That the payments to be made
would fall due on The first quarter, whilst the
burden OF the receipts would not be collected un-
I'll the middle of the third quarter. In this condi-
ton of the financial relations OF tho country, in
order 10 meet the contingencies The first quarter
ii would he necessary 10 anticipate the receipts !;
and for this reason, The present. ISSUE of Treasury
notes was demanded.
Mr. barnard of N. Y folio ed, aud moved that
the Committee rise, strike out lha ennc,ing cause
OF the bill, AMI report resolution 10 instruct the
Committee of Ways aud heam to report bill
TO authorize n loan uf ! 0,000O00 am! levy duty
on spices, silks, wines and other IuXurles. But
lie subsequently Withdrew it, aud went on To OPP
pose The general features ol the Treasury Note
Bill
Mr.. Barnard made Il clear ami able expnanon
OF the Treasury Department, which produced
much effect upon HE House. 1t was clearly
shown that the administration would leave the
government in deht, and To IN extent which no
man could imagine. In debt upon Indian treaties
upon public works, and Otherwise in debt - in
debt even to an inability to pay some of the most
ordinary expenditures of the government the
day aborers upon our public works.
Some striking facts were shown connected with
The practices upon The public works AT Oswego
All OILERS had been suspended, and the wOrktnen
ut Oswego were paid by promises to pay merely
The government was in debt TO these and ample
proofs were given OF the fact OF Indebtedness
MI Wise confirmed this statement by others
lie said that ut Old Point Comfort many owners
OF slaves hired their slaves to the government
and employed them upon the public works there
precisely as tlcy were employed 1T Oswcgo. The
Treasury Department. din not pay for work done
ON the contrary, orders were given, first to
postpone payment for work done 10 a given day,
and secondly 10 reduce the amount Of payments.
The Secretary Of the Treasury estimates as
follows for the quarter ending in March next: -
expenditures $5,A3O00O, receipts $3,jOOOO0]
IhesdaB Jan. 10. In the Senate, report was
received from the Secretary Of the Treasury, de-
failing his project for r!arranging the tariff, which
is his LIST, the compromise act must be strictly
adhered to and Cd, he DEFICIENCIES in the reven
tie must be made up by duties free articles,
and OH articles paying duty Of less than 20 per
cent. Mr.. White o! Indiana addressed the Senate
on tho presumption bill wien the question was
taken on the leading amendments, and all were
rejected.
The vote upon Mr. Crit;endens amendment,
was follows:
Aycs-Messrs Bnyard, Clay of Kentucky,
Clayton, Criitenden, Dixon, Graham, Huntington,
Kerr Knight, \ nngum, Mcrrick, Phelps, Prenliss,
Rugges, Smith of Indiana, Southland, 1allmadge,
White Is.
Nays-Messrs Allen, Anderson, Benton, Blu
chanan, Calhoun, Clay OF Alabamn Hubbard,
King, Linn Lumpkin, Mouton, Nicholas, Nichol-
son, Norvol, piorce, Porter, Preston, R"hipson,
Sewer, Smith of Connecticut, Tappur, Walker,
Wright, Young-24
The vote upon Mr.. CaIhoun's proposition to
cedo the lands TO the new States was ms follows:
Aves-Mcssrs Allen, Anderson, Benton, Cal
houli, Clay of Alabama Fulton, Hubbard, King,
Linn Lumpkin, hlouton, Nicholson, Norycl, Rob-
inson, Sewer, Smith of Connecticut, Tappan,
WaIker-lS.
Nays Mcssrs. Bayard, Buchanan, Clay of
kentucky, Crtenden, Dixon, Graham, Huuiing
ton, Kerr, Knight, Mnngum, MerncL, Phelps.
Prentiss, Preston, Ruggcs Smith OF Indiana, Tall
madgc, " bite, Young-22.
The vote upon Mr. Prcstiss' amendment was
us follows:
Ayes-aNlessrs llaynrd, Calhoun, Clay of Kenn.
Clayton, Critlcnden. Dixon, Graham Huntington,
Kerr Knight, Mangun, Alerrck, Phelps, Prenliss.
Preston, Rupges southland II.
Nnvs- Messrs Alen, Anderson Benton, Buch
anan, Clay Of Alabama, Fulton, Hubbard. King,
Linn, Lumpku Mou,on, Nicholson, Nurvel,
Pierce, Porter, Robinson, Sewer, Smith OF Conn.
Smith of Indiana, Tallmadgc, Tarpan, Walker,
White, Wright, Young %.
ION examination, the reader will see that both
Mr. Crittendens and Mr. Prcnliss' amendment
were defeated by the following Senators, ,cho
misrepresent their Seccral states Anderson and
Nicholson of Tennessee, Buchanan of Pennsylva-
mia, Lumpkin of Georgia, Smith of Conn, Allen
and Tappan Of Ohio, and Wright of New York. !
In the House, Mr.. Barnard concluded his
speech on the Treasury Note Bill.
The government said Mr. b., needed not five,
but seven and hat millions of dollars. The ex-
penses Of the year, il the acquisitions OF the de-
partmenls were complied with, would bc not
Sl9,250,000, us the Secretary has said in ls an
mai report, but 1927 $4,000. Beyond this, money
was wanted 10 meet other debts and demands, the
amount Of which would not be known until some
one was placed al the head OF the Treasury De-
parrment who had honesty enough to speak the
ruth, and intelligence enough to know what the
truth was. When that tine came, ms it would
with Il new administration, the people might
know in what condition the Government was.
The S5.000000 propused to he issued in Treasury
notes, Mr. Barnard said, was altogether inadequate
to the demand proposed. Nor was this all.
increased revenue tax, would not pay the debts
aud expenditures of the government. Besides
loan Of $l0,000000 he proposed that there Should
be tax imposed upon articles of luxury admitted
into the country; and in addition to all this he
would have tho Sub Treasury Bill forthwith re-
pealed, sound aud uniform currency established,
and, if need be- a Bank Of the United States. If
ihn nrnsnnI ndminisL rniinn lccliucl 10 do isiicn