The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-08-04
.COrfcsp9ntlcacs 81 Of the. Courier
- - WAsnlNeg.N. aniy 23.

There VAS SOiDr 'ilS !SSl-'n mp ~ III. pr
or TO the. final vote. Mr.. iALLMADGE ur'
ped its passage, with great force and elo
ouence. fIe estimated the number o.
: bankruats in the country a! 5G0.o0O, anC
as there were at least three persons de-
s.penaeut on cacii5of these, the number oi
those, soliciting rcli"t.:at orr ha nd<, was ;
two millions. Mr. Buchanan considered
this eslimate ns greatly eSagg"r1trh' Tor
the VIII ole nunbcr:of voters III the Ohl'r'!
States Was,but three millions: and II could
not be supposed that one man IN SIX was
SinsoIvent. He viewed the bill rs applying
a sponge to all present debts IN the c"u"-
try, and holding out encouragement 10
another career: nf extravaganza, specna-
tion,& debt, which would result in another
general business CONFUSION. The courts ot
law would be encumhered with proceedings
ur,wing out of this system, a"d their re-
Sular business interrupted. MIR. Walker
Supported the bill very earnestly.
The Bank Bill was then called up, hy
Mr.. CLAY, and thr amendments made 1"
Committee of the Whole, were severally
considered. Some Of them were concur
red in, and others stricken out, or mon''
fled. Mr.. Clay moved" strike out the
clause which prohibits the transfer OF
stock TO any foreigner, and the notion
after debate, was agread to. No other I'M
porlant alteration was made.
Mr.. Wright moved an adjournment III
order to offer some motion in regard l"
the bill, and the Senate adjourned II Is
rumored that the question ON the passage
Of the bill will be taken on Monday.
( The House recunsidered the resolution
for collecting irformation concerning tn'
operation of our revenue laws, and lald II
on the table, i. G. rejected it. Some OF
its friends voted againStit, from all apPre-
hension that it would prevent The passage
Of the Daty Bill, at this session.
The Duty Bill was then taken up, ana
Mr.. Fillmore made an expnSc OF the
condition of the treasury, showing thai
the additional revenue TO be raised by II,
was necessary, and that it did not inter
fore with compromise.
The subject will be resumed on Mon
day. 1t is possible that the bill may b"
postponed, but the chances arc in favor OF
its passage, at this session.
WASHINGTON, JULY 70.
The present week will be one of great
interest here, and must be decisive OF
the fate of some Of the m"st important
measures before Congress.
The bankrupt hill-thanks to the
sprumpt action of the Senate upon it-has
as fair chance to become law as any
bill before Congress. There is scercrIy
a doubt that it will pass the House, aud
the bill is of such character that II Will
insure the Presidents approval.
The distribution bill is in more danger.
It>rests entirely upon the Senate whether
it;shall become law or not, and there, II
is asserted, there are lwanlv-six votes GER
tainiy in opposition To il, viz: 22 I"cos.
the two Virginia Senators, and M"Ssrs.
Preston and Porter-bul as to this there
may be some doubt.
The bank bill is still involved in doubt.
Strong confidence is expressed in the sue
cess some measure; and this confidence
is equally felt by the advocates of Mr.
Clay's bill ard of the Treasury project
Unless some third plan can be formed on
principles Of mutual concession. there can
be no bank. Public meetings have been
calledin New York and elsewhere to sup.
port Mr., Clay's views on this subject, and
there is no reason to believe that Mr.. Cl,v
or his friends in either House will "yield
principles tr expediency."
Tie revenue bill now before the House
will meet with great opposition, and lis
success is doubtful. The necessity of
raising additional revenues is apparent,
it is conceded that it must be raised by an
Increase of duties on imports. But The
difficulty is to arrange the details of bill.
The frs, question is how far the neccsss.
ries of life shall hs taxed. The bill imp"-
scs duty Of twenty per cent al val"rem
on tea, coffee, sugar, salt, iron, &c. Mr..
Lawrence, of Pa, has moved an amend
men, exempting tea and sugar from the
oprealion of the bill. Mr.. Pickens has
indicated an amendment exempting salt
and iron. The manufacture of woollen
goods, carpets, &c. which has now be-
come prominent and important interest,
will be destroyed by the bill, for, while
from the operation Of the compromise act
the duty on the foreign fabric is reduced
to twenty per cent, all their raw materi-
ais, which have been imported free Of du-
4 IL r