The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-06-30

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penetrating glance on the whole system,
which again emerging out of the troubled !,
waters which the moneyed influence had
so successfully troubled. He showed, in
all the associated propositions, the comb:
nation with which Gen. Hamilton had
started 10 subvert the Democracy of the
Constitution, and found in its stead The
sovereignty which reigns in Eng land, IN
the shape ofmoney, monopoly, and monar-
civ. Mr.. Calhoun entered into the phlio'
optical principles which Disseminated a
Government based on the funding sys-
,em-taxalion beyond the actual wants oi
Government, and monopoly as part, OF
that system-from a Government OF the
people; and he made it manifest that the
worst and most oppressive tyranny may be
most effec,ually introduced in this way
under the forms of Republic.
Mr.. Calhoun sat down. Mr.. Clay rose,
as he said, not to argue the question, but
to complain that others had argued the
matters arising on the report. lie said
It was mere question of printing, ana
should not have been discussed; and in
the course ofhis remarks, made some in
decent personal allusion to Mr.. Woodbury.
who, as being very round he inferred was
very aoindy, and with this sort Of fling.
endeavored to escape from the necessity
of responding ss head of the Finance
Committee. to the thorough exposure
which he had made of The false statements
and glaring impos,nre attempted by the
Secretary Of the Trea ,ury. Neither Mr..
Clay. nor Mr.. Evans, (hIs colleague on the
Finance Commitlee,) couldbrins forward,
notwithstanding the days of vacation which
have interposed, single fact or exPIana'
lion from the Treasury, to cover the mani.
fold errors and frauds exposed in the
searching examinations of this ertraordi.
nary report for the extraordinary session,
made by Messrs. Woodbury., Wright and
Calhoun. To Mr.. Clay's remark, by which
he sought to excuse himself for not Offer.
ing some defence of that which was the
ground work Of all that he proposed to do,
viz: that it aDas mere question Of print
ing, Mr.. Calhoun replied by observing,
that it contained the proposals of all that
Congress was called to legislala-nfon. and
therefore presented the gravcst and most
important subjects Of deliberatlon-that,
as the King s speech in Parliament, which,
when proposing innovations, was always
met with The most promptand liveliest dis.
cussion, so the Treasury report on this
occasion desired the most immediate and
the closest scrutiny Of Congress. II err
rors were not exposed, the Legislation
to be founded upon it would
necessarily be erroneous, the public mind
abused. and the public interests sacrificed.
Mr.. Woodbury., in reply to MIR. Clay,
flung back his ,aunts with spirit and sue
cess, and made it apparent TO the Senate
that the Finance Committee had been driv-
en- 10 report against some Of the extrava-
giant suggestions Of that report, by omit.
ting them in the system they had devised,
and that they had been forced to give up
every thing like defence Of the statements
and conclusions Of this paper, after the
first effort made by Mr.. Evans to sustain il.
Mr.. Buchanan rose before the vote was
taken, and said he had something to say
on the subject of this financial document.
but as he found The Treasury report sur
rendered-as he found that the able and
mastery expose Of the late Chancellor of
The Exchequer, las Mr.. Clay called Mr..
WrighD was not in the slightest degree
by the new Chancellor of
he Exchequer( Mr.. Evans, elevated to the
post, by Mr.. Clay's resignation Of it in
having nothing 10 say as the head Of the
Finance Committed he, Mr.. Buchanan,
could not be 80 cruel as 10 inf1ict another
blow on the unresisting. The printing Of
The unfortunate Treasury paper was then
Globe.
Correspondence Of the Courier.