Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-06-17

gress should confne their attention atthe
present Session, which was laid on the ta-
ble, and ordered TO be printed. Itis as fol-
lows:
Resolved, As the opinion of the Senate,
that at the present Session of Congress, no
business ought to be transacted hut such
az, being OF an importantor urgent nature,
may be supposed 10 have Influenced the
extraordinary convention of Congress, or
such as thar the postponemeut Of it might
be materially detrimental to the public in
terests. S5''a s-srf ;..S,'a,-g,
Resolved, therefore, AS the opinion of
the Senate, That the following subjects
oughtfrst,if not exclusively, TO engagethe
deliberations of Congress at the present
session, viz:
1.-The repeal of the Sub Treasury;
2. The incorporation Of a bank adapted
to the wants Of the people, and of the Gov
eminent;
8. The provision Of an adequate revenue
for The Government by the imposition of
duties, aud including an authority to con-
tract a temporary loan 10 cover the public
debt created by the last Administration;
d. The prospective distribution of the
proceeds ofthe public lands;
5. The passage Of necessary appropria-
tion bills; and
6. Some modification of the banking
system of the District Of Columbia for the
benefit ofthe people Of the District.
Resolved, That it is expedient TO distri-
butte the business proper to bedone at this
session, between the Senate and House of
Representatives, so as to avoid both Houses
acting on the same subject at the same
time.
These, it is probable, with slight modi-
6cation will be adopted by the Senate.
Mr.. Bayard, from the Select Committee
TO consider on proper token ofrespect and
affection for the memory of President Har-
rison, reported resolution that the chairs
of The presiding officers, in the Senate and
House, should be shrouded in black during
the remainder Of the session, and that the
members of Congress wear Grape for thirty
days; and another of coincidence and re-
spect for the widow. These were unani-
mously adopted. The old officers of the
Senate were then almost unanimously re-
elected. The Chair then announced the
special order-the bill 10 repeal the Inde-
pendent Treasury. After the bill was
read, MIR. Clay spoke at some length as to
The effect Of the repeal, which would be
the revival OF the act Of 1886, regulating
the deposites Of the public money in State
Banks. He supposed no Senator was in
favor of revival ofthis law, aud 10 avoid
the inconvenience, which its existence
might occasion to the Executive duriug the
period of FIVE or six weeks, which might
intervene between the repeal Of the Sub
Treasury, and the passage of a Bank Bill,
he offered an amendment 10 the bill under
consideration, 10 come in as third section,
which proposed to repeal the deposite act,
wilhahe exception Of that part relating to
the deposite Of the surplus revenue with
the States. The amendment having been
read, Mr.. Calhoun said, if he rightly un-
,derstood The remarks of Mr.. Clay, his OBJ
jectinproposing this amendment was, TO
relieve the Secretary from difficulties oct,
hss asents hich had occurred
since the passage fthe law of 1885, and
which would incapacitate many Of the
Bunks from being repositories Of the pub
icmoney. But there was a more easy
and direct way of attaining his object, by
simply moving to repeal so much Of the law
as contained these prohibitions. That law
had been passed by almost unexampled
majorities, under conviction that it was
wrong 10 leave The public moneys under
the absolute control of the Executive
But now it was proposed to re-eslablish
the state ofthings which was then so loudly
and so justly denounced. And on what
plea. Why that in a few weeks Congress
would pass law establishing bank; but
if that expectation should not be realised,
then-,he entire public treasure would be
left under the absolute control Of the Exc
cutive. Mr.. Clay. 1T would be under the
control of the law Of 1889. Mr.. Calhoun
SAID if the Senatorin good faith meant to
20 back to the law of 1889 he would most
cheerfully 90 with him. If that was his
intention, let him move an amendment, de-
claring that the law OF 1889 is hereby re-
vived. That law declares the revenue
shall be received in gold and silver only,
and that the public revenue shall be, not
deposited in banks, but kept by the Treas
urer of the United States, These remarks
of Mr.. Calhoun completely unveiled the
scheme of Mr.. Clay and its results, and
soon after, Mr.. Rives and then MIR. Barrow,
Whig Senator from Louisiana took
ground against tue proposition of Mr.. Clay,
and conceded in the views Of Mr.. Cal
houn, and even Mr.. Preston expressed
himself somewhat to The effect. But as
Mr., Clay lost his friends, he lost his tenn
per, and he ,aunted Rives with his ricketty
banllipg of State Bank deposite system.
Mr.. Rives replied with much animation
and declared he would soor er follow prin-
ciple than the lead ofcven the distinguish
ed Senator from Kentucky. MIR. Berrien
obtained the floor, when Mr.. Clay express
sed wish to Withdraw his amendment;
but Mr.. Berrien declined 10 yield the floor,
and the Senate on his motion adjourned.
1t seemed TO be generally admitted that
the great leader Of the Whig party showed
most conclusively that he was totally unfit