Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-07-06

pfot9kI, OF blAtoou miioub WHICH NC PIO'
posed to exc out to thirty one millions,
on various schemes of policy, having
no references TO the wants Of the Treas
uTy.
He showed that whils the pretsnce was
the deficit in the Treasury,aS the ground
work ofa National debt, the Secreta-
~ proposes to make a deficit by giving
away one Of the great sources OF reVe-
nue..
He showed that while reform was rec
ommendsd by those now in power, on
imputed waste Of the public means by the
late Administration, which were neverthe-
less found sdsquite, the reformers pro-
pose to double the taxes, that they may
furnish surplus out Of the peoples pock.
cts, TO the proposed Bank, that it may
tax them for the benefit of the
Bank Oligarchy, out Of their own
means.
Mr. Calhoun here threw a powerful
and penetrating glance on :he whole Sys-
tenn which was again emerging out Of the
troubled waters which the moneyed in.
Ausnee had 80 successfully disturbed. He
showed, in all the associated propositions
the combination with which Gen. HamiI.
ton had started TO subvert the Democracy
Oftho constitution, and found in its stead
thesoversignty which reignJ in England,
in the shape Of money, monopoly, and
Tnonalchy. Mr.. Calhoun entered into
the philosophical principles which dis
criminated Government based on the
funding systsm--taxable beyond the &C
tual wants Of Government, and monopoly
as part Of that system--from a Govern
ment Of the people; and he made it man
ifest that tho worst and most oppressive
tyranny may be most efectually intro
duced in this way under the forms Ofa
Republic.
Mr.. Calhoun sat down. Mr. Clay rose,
as he said, not 10 argue the question, but
TO complain that others had argued the
matters arising on the report. He said it
was s nero question Of printing, and
should not have been discussed; aud in
the course Of his remarks, made some in
decent personal allusicns to Mr.. Woodbu-
Ty, who, as being very round, he inferred
was very windy,and with this sort Of fling,
endeaVOred to escape from the necessi-
~ Of fTesponding as head Of the Finance
Committee, to the thorough exposure
which he had made Of The false sta te-
msntS and gluring imposture attempted
by the Secretary Of the Treasury. Nei-
i1heF Mr.. Clay. nor MI. Evans, (hiS col.
league on the Finance CommittOe,) could
bring forward, notwithstanding the days
ofvacatIOn which have interposed,a sin.
gle fact or explanation from the Treasury,
10 cover the manifold errors and frauds
exposed ia the searching examinations Of
this extra ordinary rspOrt for the e1traor-
dinGry seSSiOn, made byMessrs. Woodbury.
Wright, and Calhoun.
To MI. Clay's remark, by which he
sought to excuse himrelf for not Offering
some defence Of that which was the
ground work of al that he proposed to do,
viz; that It was mGre question Of print
iHg, Mr.. Calhoun replied by observing,
thatit contained the proposals Of all that
Congress was called 10 legislate upon,
and therefore presented the gravest and
most important subjects of deliberatiOn---
that, as the Kings speech in Parliament
which, when proposing innovations, was
always met with the most prompt and live
liest discussion, so the Treasury report,
on this occasion desired the most immedi-
ate and the clearest scrutiny ofCongress.
If errors were not exposed, The legisla-
tion proposed to be founded upon Il would
necessarily be erroneous, the public mind
abused, and the public interest sacri.
feed.
Mr.. Woodbury., in reply to Mr.. Clay,
dung back his taunts with spirit and sue.
cess, and made il apparent to the Senate
that hsFinance Committee had been driv.
en- 10 report against some Of the exlrava-
giant suggestions Ofthat report, by omiting
them IN the system they had devised, and
that they had been forced to give up eve.
~ thing like defence Of the statements
and conclusions oi this paper, after the
first effort made BY Mr.. Evans TO sus.
tain il.
M. Buchanan rose before the vote was
taken, and said he had something to say
on the subject Of this financial document
bat aS he found the Treasury report sur
Eendsred--as be found that the able and
mastery expose Of late Chancellor Of the
Exchequer, las Mr. Clay calledMr. .Wright)
was not in the slightest degree controveT.
ted by the new Chancellor of the Exche.
quer, (Mr. Evans elevated to the post, BY
Mr. Clay's resignation Of in having no
thing 10 say as the head Of the Finance
COmmittee,) he, Mr.. Buchanan, could
not be 80 cruel as to inHict another blow
on the unrsrsiSting. The printing of the
unfortunate Treasury paper was then or.
dered.
The bin to Fechauer the Banks Of the
District Of Colambia was then taken up,
and 0awa esaa a. a nn;raaAaA 1aknsn AZ. |