The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1841-07-27

after thew had formed texts for sufficient number
of spaeches Moi ions were made to reduce the u
mount rroy ided for 70 six aud 10 nine millions
to prohibit the application to any object except the
exis,ino debts and the defence of the Union, and
to prevent The issue of any Treasury notes thai
might be redeemed 10 advance. The majority
gansI these propositions WAS gen'ra''y aoo"t ~"
our of forty eight totes Mr. Evans Of Maine
made an able speech in laY"r "i me olii
again demolished Mr. Woodbury., who moved the
anne ndment to reduce the amount OF The loan To SIX
millions The bill passed TO a third reading, ny
yes 25, noes 10.
The House have been discussing the fortified
ton bill all day, having early III The morning re
console, ed the resolution to stop the debate at two
o clock this afternoon. Mr. Burnell spoke in favor
Of oolarang the appropriation for the forts at New
Bedford MIR Underwood, of Kentucky, said he
would not oppose the but lie entertained consld
cradle doubt of the expedency Of expendlng mon
ev upon stationary batteries, which seemed TO
him inferior in point of efficiency TO steam ships OF
war.
Mr. Gushing replied TO Nh U. in n mastery speech
displaying the fullest acquaintance with!the subject
in every poiut Of view. It is always thus, indeed,
with him.
! lie pointed to England as afIording great light
in The way ofexampe in this matter. She had at
command all the Improvements which have been
made IN the art of war, bot she had by no means
neglected her Publications since the introduction
of steam ships. These latter he said, would al
ways contend with great disadvantage with a sta
ionary battery They could not so weIliesst the
force of shot especially Of red hot ones, and from
their continual motion they unable 10 fire
with the same accuracy their firm antagonists
lie ably explained the necessity Of the appropra
lion for Boston harbor, the seat Of an immense com
mercia marine, as we'll as one Of the first naval ar
senals in the country, and showed very clearly the
moderation of the demand made by the war de
partment in behalf Of the vitality important object
of defending large cities from all hostile nva
sion
Several other speeches made upon the bill
and resolution was passed that it should be tax
out Of the committee Monday, at two o.
clock.
July 49,
The Loan bill passed the Senate to day by a
vote OF 90 TO 90, after an animated debate, which
Mr. Calhoun commenced immediately after the
morning business conc luded, Mr. G.. opposed
the measure, Of course, with all his energies,
planning both of lorm-which he thong ht less eligi
bic than the precious Treasury Note System-and
of the amount authorized to be borrowed. Mr. Mich
olson of Tennessee, followed in his footsteps after
whom, Mr. CLAW made few forcbe remarks in re-
ply to Mr. Calhoun, comparing the course of the
latter and Of the other leaders of the opposition to
tha: pursued by the Federalists in Madison's time
who. he sa,d directed all their efforts to the object
cf cr,pr Iipu tba J,,; II
the necessity Of using every endeavor 10 recruit
the falling resources and snkn energies OF their
common country. lie said debt of ten millions
had been incurred by the prodigalty oc the late ad
ministratlon, which it was incumbent Congress
as hon est patriotic servants Of the people, to pro-
vide for as well and speedily as possible, and
surely the open and manly plan Of direct loan
which all could understand, was safer and bette,
than the insiduous and doubtful Treasury Note sys
tenn. Mr. Woodbury. denied that the debt amount
ed to more than eight millions, and cndeavored to
clear his own skirts from blame, by sagaciously
contendrg that the fault not in the .9dnainis
tration, hut in Congress, who had insisted upon
making larger appropriations than were asked for
or needed. Mr. Clay, to use the expression Of one
of our Southern orators, "came down upon the
Elk Secretary ''lIkc duck on June bug''-and, in
"A very amusing manner, held up his argument 10
the light ofday. He said he glad to see that
the party late in power had concluded to give owe,
denying the charge of extravaganza, but it was
novel idea thus TO cut in two the executive and leg
isative branches of the Administration.
The Bank Bill was then taken up at a late hour,
but before any action was had upon it the Senate
adjourned. Several amendments thereto yet re-
main to be proposed and discussed, and tho main
vote will probably not he taken before "Wednesday
or Thursday. The decision will then be IN the
negative, unless something extraordinary should
turn up.
But there is no reason to suppose that the Wings
will he found wanting to themselves or their cour
try, in this emergency. Yankee ingenuity will
yet devise plan, from which we may safely ex
ect all the advantages Of sound currency, united
with those of a secure and convenient fiscal agon
cy.
The debate upon the Fertilization Bill still zoe.
on in the House. was misin formed by sthe 'bes
authority, in respect to the oIution to stop dis
cussion tapplres to tomorrow instead Of to day
The prospects ofthe measure have frightened yer,
much since my last, and the bill, will probably
pass
Bringing SfdUes .Northt-The New Orlean
Bulletin cautions the people Whereabouts from
going 10 Ohio with their slaves, and states that