Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-22


required made one per cent more. But we wer,
losing the interest OF three millions dollars. Tn,
Secretary ofthe Treasury md said il there was n,
power 10 issue Treasury notes there should be thu
millions in the Treasury. Under tn, loan bill the,
had to employ agent aud give hun salary Al
the rate o. twelve thousand dollars. These al
amounted 10 the loss Of one and haf millions; whcl
was more than WAS required foe The expenses of
whole session, and more than enough to deiray III,
expenses u inresn intercourse for two years The
Chairman Of the COMMITTEE said they did not know
| whom the Treasury notes were to be presented
but did they not know the amount issued and the
amount redeemed, and thus the amount outstanding
"a we. as the amount of the iCanf But besides the
losses there great profit Ivy loss destruction
Of these Treasury e., which were never return
cd to the Treasury, which had amounted u one
hundred thousand dollars.
| Mr. CLAY said there had been sort Of funeral
euogy made ~ the late Secretary Of the Treasury
oveS hs old friend, aud he would TO, dsturb the 81.
lomny Of 50 aiiecionaie scene. But he would
say word.
On Saturday they were pressed to let this matter
lie over fer one speech. They had now had thr,e,
and how many morel .N5Es uGrroBs. He had CIV
Ell a statement, OF the wants OF the Treasury, Iut,
for the sake OF the Senator from Tennessee, lie would
present it in another view. We were in debt ten
millions for Treasury notes; and this was made by
the late Administration. Ii was debt OF their cle-
ation-thelr financial operation. That could not o..
contested. lie wanted TO know how this debt
WAS 10 lie paid Either 10y absorption Of the cur
this bill. But the revenue now deficient; the
current receipts were not adequate Io the cur
rent expenditures Since this debt was created,
and TO he paid, and could not be by revenue,
how was il to be puid They proposed to pay 1t
by an honest, old fashioned bond that the people
might know the amount They must either ply il
in this manner, o. give more and more Treasury
notes, which, n necessary, he could show the most
inconTenient oneroUs, and expensive, Of any other
form. Here was a mos, unexpected opposition TO
the payment OF their debt but il was now OPEN
ly nvowed 10y leader, II not leaders of The Opro-
! siiion that they would stop supplies Of Government
| What would be the consequence FIRST, to disho-
nor the GOvcrnmeni; ani ntNi, vlrtua, dissolution
ofihe Governments and he called on the country TO
witness this arres;ing the progress Of Government
! by Withholding supplies Tor GUvernTent-a prin-
cipe which lac had rot heard Svowed since the late
war, when not only opposition made 10 ra'Sin,
men, but, after that :or their supplies and this was
done by those who had made the debt.
MIR CALHOUN had said he was not one of those
who believed that when a deficit was made they
were bound 10 supply il until the case was made out
and il was shown that all due economy and pre-
caution had been used. Could the Senator DENY
thus! He had further said that, n time OF wrr
Withholding supplies was mora, ifnot actual treason.
When the Senator answered that he wished him 10
meet TINS proposition, and he might make the most
lie could Of il.
Mr. WOODBURY. spoke Of the Senator's refer
ence 10 has euogy of his old friend, which he had
said served him very well. lie then briefly further
opposed the bill.
Mo CLAY said the extravaganza Of the late Adj
minlstra,lon was 10 longer con'es,ed but u was rot
the Adm us,TatlOn proper, no: the right honorable
gentleman lately at the head of the Treasury bu;
Congress which did 70; choose 20 surrender the con-
stituiiOnal duty OF making appropriations to the
Executive Department. nnd therefore It was said that
Congress- was irresponsible! What sort ola defence
was this! IL Cut into TWO mOelies the late Admin
is;rliIon, and placed the Executive Department, in
the attitude OF approaching the Legislative De-
pArimCnt- They now saiu, don't TeprUach Van
Buren, and hs Secretary OF the Tccasury-o!! no.
We a,e bi1meiesS-Co not aunadyerl on us, but on
Congres, What sort CL an Administration was
thai They ought to be Shumei OF u; and he ven
tHrec TO say that this Administration would never
make such defence. Where Wa, the veto power
which could have been exercised, II these appropr.
atoms had heetn objected to!
The gentleman seemed disposed TO atone by
curioJs manner Tor his former misdeeds. Inc
ate Administration granted 100 much ana therefore
he would not vote any now. He appealed 10 the
Senator irom New Hampshire ii Il was not far for
them - 90 along with Us ~ paying their own bis
lie could not but hope that on q reconsideration OF
the case the honorable Senator from Naw Hamp-
shire would concur IN this view.
Mr. WOODBURY. said IN case OF deficit in the
Treasury, would be proper to resor; to the fasng
! of the tar.T.
MIR CLAY o.ked # the Senator really though,
that Congress hoo any right 10 make appropriation
] beyond estimate.
| MIR WOODBURY. said they could not max IN
judlcous appropriations, but could, If necessary,
| appropriate beyond the estimates
Mr. BENTON ,Een look the foo, and spoke n,
some length, cecil ring that this extra session of
Congress vas useless and taking a wide range Of
| remarks, which he prCtaced by declaring that they
we're for his constituents, aui therefore il was I'M
material 10 A.m when hey ere delivered.
The qlrs ion "sl, this bill Pass ?" was then
| taken Oy yeas nays, and carried by the following
vote:
YEAS-Messrs Blr.ow, Il ties. B,v,rJ, Bs,,ieD
Clay OF Kentucky, Clayton, Dixon, Evans, Ora.
ham, Henderson, Huntington. Kerr, Mangum.
Morehsad, Porter, Premise, Prcs.on, Simmons
Smith OF Indiana, Southland, Talmadgc, While,
and "OoIbrJge-2J
NAGS-Aess.s Allen Benton, Buchanan. Cal.
houn, Clay Of Alabama, CuthJert. Fulton, King,
Linn, Nou'on, Nicholson, Pierce, Sewer, Smith of
Conn, Surgeon, TopPan, Walker, Woodbury.,
Wright, and Goun--2O.
Thus .E: bin was passed.
a nc SAGE from tie President was read. inform.
ing tie sc ate that the act prevent hostile incur.
ons, py citizens Of the United States, INTO the Ter.
H'ory 81 On Governments, had expired by It's
own ..mi alton, AMI recommending the passage Of
an act OF similar character.
h, Bank 81, was then announced rs the unfn- |
lSt ell business; and on motion OF
Mr. MANGUM, at haf past o'clock, the Sc. |
nate adjourned.