Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-02-20

val Of the public dep0sItes from the Bank Of tbs
United States; the bargain that was made be
tween the Government aud the local State
banks, that the banks should pay per cent. on
the public dcposites, auihors!ng the banks to Is
sue upon them; the circular If the Secretary o.
the Treasury directing them TO do so, and tn
consequent iufation Of the currency, produced
the effect to which the Senator from Missouri
alluded, and not the depostte OF the surplus with
the States.
Filthy. Il IS objected that by abstractng the
land fand for distribution, IL wi! become necessa-
~ 10 provide for the deficit 10y laying lmP0s:s.--
presume this position IS well founded, Prosi-
ded the present inposts shall not be sgtcIea- Tor
an economical administration Of pub.lc alftiTs.-
That il would fall greatly short Of the late eNPen-
Gitures, readily admit; but that - no criterion
iadre by: for trust the expenditures hereafter
viii be brought within the economical limits /
hope in no emergency hereafter, wo shall be re
CURED to resort to the present policy Of Ifea-
sury notes. Let suppose, then, for the sake u
the argument, that we shall have 10 lay iu.Post
duties to make up the deficit Of the Iaod fond
those duties can be laid upon iuxurIes, saca as
wines. bTandies, and silks, articles consumed by
the rich, and then only by such persons as choose
TO pay for them. The grea: laboring class of So
cIety would pay very little Of the duty, while
they would receive their proportion ct the dlsir-
button. As Il general policy, | see objection
10 it, and connected with the obligation Of dis
tEiDulIUD, IL
tngeucy of which have spoken. Ny REMARKS
Mr.. President, will be closed, So far as the land
question is concerned, with TINS declaration; do
not anticipate the possibility OF arranging this
great subject at the present session; bat hope
to the whole matter finally settled at the next
session, upon terms of compromise and maiuaI
concession, to the benefit of the people, the safe
tv Of the General Government, and the best ia
tcres; Of the States. The constitution Of the U.
States was based upon a compromise OF conflict
ing opinions. The tariff question, that almost
threatened the Union, settled; an! VIII,
should not this great land question receive the
same blessing?
would here close my remarks and resume my
seat, bat the Seua!e must pardon me for noticing
the political topic that has been introduced into
The discussion. did hope, Mr. President, when
we assembled here at the present session, taat
we would, by common consent, exclude from
these halls all the political heat that created
in the late political contest. We have all heard
enough OF IL TO need rapose now IT IS over Bat
ia th!s have been disappointed. The vcrY title
OF the bill! introduces the log cabin as political
remiuisenco calculated to lead to political discus
sion; indeed, Il has 50 lead some OF tho Senators
who have addressed you. did suppose that the
charges that have been made IN the heated parti-
san presses, that the late Presidential election
was Influenced by stock i,bbug considerations IN
England, would not have found their way into
TINS august body. But here, again, / have been
mistaken. And since the charge has been made.
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