Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-06-15

m. s,.catc, laid before the House message IRON
h. prrs,don, transmitting report OF the secretary o'
the Treasury on tho finances
mi, Wise offered a resolution requesting the seore-
,arv OF the Treasury lay before the House ue P
Of such fiscal agent as will remove all CONSTITUTIONS,
,nles 10 the same; also asking the appointment OF
n committee Of nine msmhors, to take the plan mo
consideration when il shall have been presented
mt Underwood proposed substitute for the reso'u
ton of mr. W declaring 1t necessary and proper W
ate National bank. and to repeal the Independents
Treasury law; and lhercupon, after some fs"'''A'
moved the previous question.
A question then aruss on point OF ORDER anu ~
this stage OF the proceedings the House adjourned un
Ill Monday next, at II o'clock.
mr. Wise Iabsirac,onisi, e. little OF svery'hingano
nothing of anything, excepting dueH'ng wing uhougn
he bel proposed adopt the rules OF The last mouse u"
reference to the reception OF abolition petitions "o
rule in question is the old Aerion Gag Lo'c' oil ours
cd memory, that such petitions shall be laid on the Ia
BILE withou, further action by the house. mr. Adams
hs revsred advocate ofeonsufonai privilege entire
" aside from party potcs) proposed to resc'nu' hu
lily, and kick out OF existence this rule-this damn
bic cncroachment uponthe right OF petition near Nun
mr. Adams said he would repeat what he had as
serted the other day, that the of the rule was
tool Of the administration tina, he made the admin
s,ra,ion men his tool. lie had proved that the rse
was made by the administration party; he had proved
this not by defamation, but he had demonstrated 1t
geographically and politically.
mr. Cost Johnson undertook TO make killing reply
10 mr. Adams, but failed mos, completely. mr. Siade
came in as peace maker and said
lie hoped the gentleman from Massachusetts would
modify his proposition 1t read as folows:-'ex-
cept the 2Is rule, which is hereby rescinded.' TWAS
sufficient except the rule and then tho other rules
would be adopted, dropping this; and IT, then, rsso-
luton should be adopted. he hoped there would be-
limiting the action of the House, at this session, TO the
topics of the Message there would DO necessity for
pronouncng any judgment the rule at this session
He proposed tina, mr. Adams drop the words and it is
hereby rescindcd for could not rescind rule that
was not in existence. The rus could not DO rescind
ed ill it was adopted.
mr. Adams declined making the modification.
Slsde moved to strike out the words, and Is here
BY rsseinded' More hereahsr
M E,cinc's Report on F'asnts
Tho Speaker laid before tho House this impoftsn,
document and il was read aud listened with deer
interest. It's plain story, and we'll told 1t 10 not
very minute, in regard to Bank. 1t gives no plan
but strongly recommends such an institution.
The Secretary condemns ihs Sub Treasury. lie
says, the financial history Of the u S.furnishos abun
dan. proof that the public money is unsafe in tho Gus
no sufficient security for its safe keeping and faithful
application
The present system is also cumbrous and nconvcn-
lent Its tendency is centre tho disbursements Of
the public moneys of the eastern cities, chief
ly at New York. That being the great commercial
emporium of the u S. is the point at which funds
the most valuable, and therefore the most sought
Hence those who entitled TO payments GU, Of the
public Treasury, claim them there. 1t 10 true there
general discretion the head of the department
refuse grant the favor of such payments according
its convenience but when the currency is derangec
and the premium exchanges is high, this discretion
then becomes dangerous discretion, and one thai
| ought not 10 exist
But the present system is aso in the opinion Of the
Undersigned, injurious TO the business and currency
of the country Instead of permitting the credit anc
finances of the government TO lend their indirect bu
efficient aid ia sustaining the credit and regulating tn,
currency of the Country, it brings into direct hostility
those important interests 49,
Since the removal of the public deposits from tn,
Bank Of the U. States, in 1888, the Government had
permanent fiscal agent and definite financial sys
ten. All has been experiment, transfer and change
Ehe business Of the country has yielded to the un
Steady impulse and moved forward with wild irregu
larty; at one time stimulated to excessive action; a
another sunk into lethargy and in providing for tn
wants vi ihe iIedsuty IL is surely important 10 100
also to the wants and the welfare Of the commun,
from the product Of whose industry the Treasury
| supported
AS regards their great interests, we find tho tesi
mony Of past years less distinct and strong in ia
vor Of monied institution chartered by the Genera
Government and possessed of its confidence and cred
it. The period embracing the last ten years sfzsA
: :s:::, !; i {, +; II M 5 I