Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-18
RICHMOND, VIRGINIA, FRIDAY, JUNE Is, ls4l.

/
Having devoured thirty five millions OF the money OF
the People, which, had not General Jackson saved it,
would have been,s many millions OF the money oil
the Government they were still not satisfied Yes
President Jackson had rescued, had saved to the
widows, and orphans, and citizens OF the United States
twcnlyfour millions of dollars which would otherwise
have been lost in The Philadelphia Bank Had he not
removed the deposites, the public would have been
pluckcd to that amount. Yes the pnbllc-the Peo
pe-which, in the language OF that hstItution was
"the Soose which 10 be puckcd ms ciaino'
against the ubTreasury came not from the FARMERS
Of the country-not from the mechanics OF the conn
try-not from the abo.ers, the producers OF the c"un
try. No but from the mllionary plunderers, VINO
longed for yet larger spoil. ;,
What was the argument for the proposed repeal: II
was this ave have the power and We VIII 40 H. :
That the argument awe will sit here, under TIC
scorching rays Of sustitia sum- till we see 1t done
There shall te adjournment; there shall be no gong
out Tor resr.ttion; gentlemen shall not so out 70 &C.
their dinner; will sit here till Il is done Hehl,e
men said that the fate the Sub Treasury had been de
clded By the result Of the late Presidential election
The people had dccreed lis downfall. But on lhis
point he had n question 10 ask. Suppose instead O
the candidate elected at Harrisburg, different 'hdV
dual had been chosen to against Martin van bu,
rem and through want Of popularity, he had ootaheu
but three or four States, what would these same gen
tlemen consider the decision Of the people IN that
case' BY parity of reasoning he supposed that then
The people would have been held all in favor Of tr
SubIreasury scheme. But both conclusions @oua
have been equally false. The fact was, that there was
no one issue which alone the election turned, ana
there was nothing which 10 found the conclusion
that the people had decided that the Sub treasury
must be repealed All Mr.. Il asked, however, was,
that gentlemen would let stand TIL they had provided
Il substitute. IL was sufficiently evident what lhey
were aiming al. When they had got down the sun
Treasury, they would set up another Bank OF the T.
), or some iscal,y such mig hi have lis hanlaloh
wherever Congress exercised its exclusive jurisdiction
"A Scay that m:g be set up m navy yards, III iols,
in dock yards, and in powder magazines.
In conclusion, Mr.. Il. demanded the yeas ana
nays on the motion he had made, in order that
he might leave upon the journal, the most authentic
recorded evidence as to his opinion OF the proposed
measure
The question Icing put the Reporter understood the
yeas and NAYS to lie ordered by the Senate.
Mr.. YOUNG said that if this bill was 10 be passed,
as he supposed il shortly would be, it must, from us
nature, 20 immediately into effect. What would De
lie consequence; Every receiver. general would 90
nstanh become fmctas oGcio What then wo I'D be-
come Of those officers In what light were they 10 be
viewed They salnricd officers, and when were
their salaries 10 cease From the date oil the passage 81
the act: Or, At some other time: IT was SAID, indeed,
that shortly 10 have substitute Tor the SUD
Treasury but that lie held to be impossible, even ad
hitting tina, the Senate should in few days. agree TO
charter Bank of the U. s. and that the other House
should concur. Could the Bank go into operation IN
few days, Must not its stock be subscribed and
paid in Must no, the plates for It's notes be engraved
and It's notes printed and signed: Use what exped-
ton they would, chasm Of weeks must intervene
Would il not lie more prudent IN the meanwhile 10
leave the present system standing rather than TO THROW
the country wide without compass or chart
Could any man tell what banks would be needed, what
currency we were 10 have, who was 10 receive and
keep the revenues in the mean while: On all these
questions difficulties would arise. Why not AVOID them
by postponng the repeal till provision was made to
meet them
MIR BENTON e~r-ossed hi wsh 10 amc nd the
resolution ne had sent 10 the Char, and on hnt request
question Of order arose. which argued by Messrs
KING. CLAY Of Ala, BAYARD, BENTON, and
CLAY Of Ky, which resulted IN The Withdrawing OF
The order for the yeas and nays, and Mr. Benton
changing his motion to postpone the bill INTO motion
10 rccomlnitit it, aiih instructions as follows:
"That the bill be rccommitted to the Committee on
Finance with Instructions 10 report in connexion,
substitute for the independent Treasury
On this motion the yeas and nays were demanded;
which hcng ordered and taken, resulted AZ follows:
IcasMs,.rs. Allen, Benton Tall" m Clay q aasma fu,
Conn. Sturgeon, TaPpa, White Williams Woodbury. wright
Nags-Mesrs Archer, Barrow Bates as ard 'cren ch"aie
clay Uf Ky Clayton Son Evans, Graham, Huntington Kerr
Aansum Mcck, 'lllrr, Mo"end rhr~, Porter. rrenii-s
Preston Rivrs Simmons, Smith oil Ia, S"uihar' Tamadgr,
White, Wcudhridsc-29
So Mr. Benon's motion was negatlyed.
Mr.. McROBERTS of Illinois, then moved to re-
commit the BILL with the following instructions:
DIST Some guards for the security and safety OF
that norton Of The public money which will be re-
ceycd bv the deposares Of the public money from
the date of the passage OF This net until knowledge
of IFS shall be received by SAID several depos
ar:cs.
- I'd. That said committee insert 4 provision pro-
vidino some future dav that sad act shall take effect
pivinr /, the Treasury Department ample time to
lake other bonds coninrnahc TO the state OF things
u-oduced BY the repeal of the act Of July j, lc1O,
from all drpcsitaries and receivers OF the pubic mo-
news
The mover then proceeded TO explain and comment
nm these Instructions The first proposition was to
send the bill back 10 the committee, with instructions
10 provide for the safety Of the public money during
the interval between the passage OF the law ana us
passaqe benn known at the various repositories where
lie none, was received II required no discussion to-
satisfy rho Senate that The moment the bill passed every
receiving officer ipso isc'o out Of Office In the
moan while the revenues would still continue to come
into their hands until that fact came 10 their know
Je which IN the remote parts Of the country, could
M, b,,,an for same weeks. During this interval, the
Government had security Tor TINS money, save ",
nro.is;on contained in the ID section o the bill ~
N.,. ORLEANS and St. Louis this interval might extend
10 ,wcnv days but say should be but Ten days, what
a vast sum OF money would, within that t'me be re-
ceyed without the least security Tor The repayment OF
single dollar To nee this difficulty, There was no
nrovision IN The bill The payment must by law, still
90 on and the receiving officers must continue 10 take
Tho money Bnt all gentlemen familiar with legal de-
;;ns verv well knew that the courts hau aecu'n 49,
nal of law under which public officer held his
place did at once put end to his responsibility um.
less the repeating act contained saving c'a"se - p'
vent such result a., .u :; lie ,re
nut there was another objection to the o IN us pre-
sent shape, which il seemed to HIM must nave ', ,ba
o,s Looked by the committee, but winch went 70 .he
u.r, foundation of the bill The 9Th section OF IN, tne
subTnsn law required that the sse, ,Ss "'
h;n5 the law prescribed. As the law prescr'nea new
duties new bonds must be entered into aI he see @.
within Mr. McRs personal knowledge tnat tne -
If The Treasury had required from the receivers =,
,hf s land i Offices new bonds entirely different from those
which had been required by the land laws nuv ht
came general repeal of the Snb-Ifeasmry aw' WI :,
aa once pu these men gu, OF Office Would It not a,
the tune pa, end I? , ,hf5 ssn e s"'' oer1
,is a., romen, il was repealed they might walk on
Ike with The money !" n Iss repeal they
0uFey n.,;,utc the closest scrutiny on this point
%Gah, not the bill 10 be postponed uni, time should pe
shaved to provide bonds IN conformity WIN ,I,e
diio"NS NJ MIR very sure tue