The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-09-11


He then glanced at the probable state of the Trea-
sury for 1872 under the existing laws II was known
that Treasury notes were TO be redeemed IN the rst
half Of the year, TO the amount of four millions
Four millions, one-third Of the loan authorized
this session. would justly fall on this year to be pro-
vided for; which with the redemption OF the Trea-
sury notes amounted to eight millions demand on the
Treasury, independently Of current expenses. Esti-
mating the for the year the same as from Gus
toms of the year lS4lthe lands having passed from
them-the income for the year 1912, would be about
twelve and quarter millions. Deducnng the eight
millions for the redemption Of Treasury notes and the
one-third Of the twelve million loan, there remained
but four and quarter million dollars as the total
amount of revenue applicable to the current expenses
Of Government for 1912. He could make the amount
no greater; and should be extremely happy II any
body could successfully show a greater amount of
probable revenue than he had estimated. This was
the state of the Treasury under existing laws. he
then went into full calculation, showing the proba-
BILE amount of revenue per annum under the opera
ticn of this bill if passed. for the next four years
taking as the basis Of the estimate the average yearly
amount of imports for the last four years. and caicu-
lating the amount of revenue dervabe therelom un-
der the operation of this BILL He estimated the pro-
bable income fr series of years at about
millions per annnm. Asto the expenditures LOT :ne
ywunry rnree millions would be wholly IN
ADEQUATE to meet them if they should be at the rate
Of the last four years. which average of TWEEN
ty-eight millions per annum; and IN the lowest year
of Mr.. Van Burens administration they were twenty
two millions. .#
He hoped they would not at all exceed that, but
even that they would by every possible species of eco
nomy and retrenchment be brought even to twenty
millions per annum. He spoke Of the great difficult
y always existing Of selecting the particular items to
be reduced but expressed the hope as well as belief
that all possible reduction would be made. Taking
the average amount to be twenty-five miIlions-that
of the lowest year Of Mr.. Van Buren's admnistra-
ton, there would be but surplus of million year,
to meet the appropriations Of about four millions this
session. which he had not included in his estimate and
Thus he held the passage Of this bill indispensable
for the carrying on Of Government. He expressed
the possibility Of the necessity of loan by December
next. s. ss 5t s4 ns -
He opposed the present amendment, and, although
he always went with the foremost in levying duty
on luxures when choice could be made, he consid-
cred duty tea and coffee indispensaby necessary,
as without it, the compromise act, which he held as
obligatory, must inevitably be violated He called on
gentlemen of the Opposition, who professed them
selves DESTROYS TO maintain that to vote against
the amendment, as if adopted, it would inevitably in
terfeIe with the provisions Of the compromise
MI. WOODBURY. replied at some length.
Mr.. CALHOUN followed when the question
was taken the amendment, and decided in the af-
frmatiye, as follows: Gs,s..t t, s.s.aa se n,
YEAS Messrs. Allen, Bates, Benton, Buchanan,
Calhoun, Choate Clay, Of Alabama, Clayton, Cuth.
Dert, Dlxon, Evans, fuit0n, Granam, 1untngtoh,
King, Linn, McRoberts, Mangum, Miller, More
head, Mouton, Nicholson, Phelps, Pierce, Porter,
Prentiss Sewer, Simmons, Smith, Of Conn, Smith,
of Indiana, Sturgeon, Tallmadge, Tappan, Walker,
White, Woodbridge, Woodbury., Wright, Young
80. ~ s .a. = : .. IT
NAYS-Messrs. Archer, Barrow, Berrien, Clay,
of Kentucky, Henderson, Kerr, Merrick, Preston,
Rives, Southard-lO. a arG
Y MI. ALLEN then moved to amend the Till by ex-
empting the article of salt from duty.
Mr.. BENTON spoke for some time in support Of
the amendment. He said that the tax on salt acted
on the poor most oppressivey; that the banker with
his millions did NOT use as much salt in year as
farmers COW would lick up III half season.
4 Mr.. WALKER moved 70 amend the amendmeHi
e ssS b T6ls S{smiy ebJ1s1a q king y =,
thinE - insengruon5 n funny bA8s wish ssft'
MI. BATES moved that the Senate adjourn.
X Mr.. SEWER demanded the yeas and nays which
having been ordered, the vote stood as follows:
YEAS Messrs Archer, Bates, Benien, Choate
Clay, of Kentucky, Clayton, Dixon Evans, Hunting
ton, Kerr, Mangum, Merrick Miller, Morehead,
Mouton, Phelps, Porter, Prentiss, Simmons, South
ard, Sturgeon, Tallmadge, White, Woodbridge--24.
NAYS-Messrs. Allen, Barrow, Benton, Bucha-
nan, Clay, of Alabama, Cuthbert, Graham, Hender-
son, King, Linn, McRoberts, Nicholson, Pierce,
Preston Rives, Sewer, Smith, of Connecticut Smith,
of Indiana, Walker, Woodbury., Wright, Young
%. Ne ..,,a. ~. &.@ "@t ~. %. sa:-... .... 4
And the Senate adjourned to Monday.