Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-06-14

thing could proven; IL; and the bank would, so0ne
or later, be swept by the board unless some prov
.ion was adopted wi ich was qui:e strong as tn
sub-Trelsury law. All great bank expansions hs,
commenced in England, and would again; their pa
per system was the same with our own; their bank
and ours were but different parts ot the same steam
| boiler; and II there an explosion, 1t woul,
commence where the boiler was wc,kest--we mus
be the first TO suffer. The strongest possible pro
vision should be made 10 keep the specie IN tht
country IN order 10 NEE; this emergency. But h,
saw plainly that gentlemen would have their way
but time would show who was right. An eSperi
ence OF less than ten years would satisfy them
selves OF their profound errors.
Mr.. BENTON said i; was now pretty well seer
that gentlemen in the majority meant to press The
question on this bill; but It was utterly rcpus.
nant to all his views of what right and proper
that he wished 10 leave record the strongest and
most lasting testimony IN his power of his opinion
o, its improp,ieiy Therefore, he should take a
| course which though not usual was strictly paTla
mentary; and he thercupon moved TO postpone the
consideration OF the bill tor the purpose OF consider.
ing resolution, which he sent to the Chair declar-
ing IN substance, that It was neNpedien to repea
the sub-TreaSury until some other pan for minag
ING the fiscal concerns Of the Government had been
provided.
MIR b. proceeded to observe that it had several
times been remarked, during the course OF the Ge
bate, that gentlemen were beginning at the wrong
end OF the road. IL was certainly manifest, from
the votes gwen yesterday and the day before, thu,
the greatest possible absurdities inevitably arose
from this course OF proceeding. Gentlemen were
| for putting an end TO one lava law referring TO
matters which must continue without intermiSs
and could not stop for a day-without providing
any other law in its place. BY this course, the
country RENTED TO the law Of 1886; yet it had
been shown 10 be impracticabe 10 revive the State
| hank system contemplated IN that law, IN time 10
meet the eXgency; and the Secretary would, there.
/ fore, of necessity, I've RENTED 10 the condition of
things which existed anterior to the passage of the
law OF isS6-and tins, whether for long or short
period But whether 1t was 10 be for shorter pc
| Rod or longer one, was wholly lmmaterlal in the
argument. lie still held that there should be sub
stlute provided before the present law abolish
cd. Nay, the very fact tii It fact) that this
state OF matters was to continue but short time,
was the strongest o! all arguments for poStponing
the repeal Till that short time should have elapsed
Ii Il substitute could be provided IN a few weeks
why not wait those few weeks before they put down
the existing lawl There would have TO be some
machinery provided and during that interval
the public money was 10 be left In state unpro.
vIdcd Tor by Jaw, or under law which I'M
practicable, which was the same thing. why, them
put up scatio,d only 10 pull 1t down again and put
| up anotheTl Why this double demoiionl They
would incur an infnity Of trouble, while no good
end was TO be gained 10y II. What could be the
reason for all ihisl Why this hot hastel Was il
that the feelings OF gentlemen were 10 be INDUCED
DID they wish 10 crafty resentment against the sub
Treasury, as If It were some living enemyl Ii gem
tcmen were capable OF actng from mere feeling, they
had had an opportunity presented TO them yesterday,
when nc had ofIe e. resolution 20 exclude the bank
At Philadelphia from receiving any portion OF the
| public dePostes. But no; they could not be per-
suadci 10 adopt a resolution TO keep out OF the con-
hieucs OF the Treasury this pre-eminenl cupsit.
No; they could indulge no feeling; L would not com
port with the dignity OF tie Senate. But how did
they act now Was there no teelin. None a.
saInsl the Sub.TreaSlry, an lndnimate thins2 Did
they not seem 10 say TO it, have got yol in our
hands now, and we will sirangle YOU without mer.
lcy2 Were these the bank senilmenis7 Ii they
did not aci from resentment, why this haste Why
not let the Sub-TIeasuTy stand till they had some-
thing TO put IN lis placer In which part OF the
! Union was II not working well l-wogSing aeeor.
ding 10 the wishes anG feeling oithe peopel Where
| was the petition, where the memorial, where was
the pubic resolution, asking for It's demolition
| There was not one; no, no; one. The ciamor al,
came from two descriptions Of individuals. First,
the politicians VINO wished to obtain a poor triumph
| by tearing down and stamping 20 pieces the work
| OF their opponents. And who else The Million
any piundcrers, who wanted 10 borrow the public
money, without giving that security for i which
John jacob As.oT or Stephen Girurd would have
demanded. Having deyoured thirty FIVE mi. IONS
| OF the money Of the People, which, had not Gen.
jackson saved Il, would have been so many mil.
lions OF the money ofthe Government, they were
still no: satisfied Yes; President Jackson had res
cued, had saved TO tie widows and orphans and
citizens OF the United States twenty four millions OF
dollars, which would otherwise have been lost in
the Philadelphia bank. Had ne not removed the
depos;es, the Public would have been plucksd
10 that amount. Yes; the pubIc-lhe People
which, in the language OF that Institution, was she
goose which was TO be plucked :" This cllmor
against the Sub Treasury came not from the farm
ers OF the countTy--not iEom the mechanics OF the
country-noi from the aUorers the producers OF tie
country. No; but from tie m!..ionary plunderers,
who .onsed for yet larger spoil.
WHAT was the argument for the proposed rspesl'
II was this ave have the power and we vii. DO it,
That was the argument. I'VE wall sit here, under
fbssg Ii %, ID ..rf
done. There shal. be no adjournment; there shall
TIC no going tfOr respiration, gentlemen shall not
90 out TO get Their dinner; wi sit here tl j. IS
done" Gentlemen said that the fate OF the sub
treasury had been decided by the result otIhe late
Presidential election. The People had Lgcreed lis
downfall. But on this point he had a question 10
ask. Suppose, instead OF the candidate elected al;
Harrisburg, fIreut ind vidull had been chosen
to run against MIR Van Buren,, and, through want Of
popularity, he had Obtained but three or four States
what wOu u these same GENT men consider as the
decision OF the People in that case BY parity Of
reasoning, he supposed that then the People would
have been held as al IN favor of the sub Treasury
scheme. But both conclusions would have been
equally false. The fac, was that there was no On,
Issue on which alone the election turned, and there
was nothing on which to found the conc usion that
the people had decided that me SUI Treasury must
be repealed. i Mr. b. asked, however, vas, that
gentlemen would let II stand i.. they had prov IdeG
substitute. IL was sufficiently evident VIVA, thew
=
sub Treasury they would set W another Bank OF
the UaHed States, or some ls-aity such as nigh,
have rs AlbUaiiOn wherever Congress exercised is
exclusive jursccuor-a fsca.ity that might be set
up IN navy yards, IN forts, IN dock yards, and 10
powder magazines.
Ia conc I,ion, Mr. p. demanded the yeas and
nays on tie motion he had now made, IN order that
he might leave upon the journal the most authentic
recorded evidence as 10 his opinion Of the proposed
measure.
The question being pu. the Reporter understood
tie yeas and nays 10 be ordered ~ toe Senate
Mr. BENTON now expressed his wish 10
amend lilo resolution he had sent 10 the Chair
AMI on that request question Of ofCeraTOse which
/ W argued by AIessrs. KING, CLAY. Of Alaba.
ma, BAIARD, BENTON, md CLAY. Of Ken
lucky, which resulted in the Withdrawing Of tie
/ order for the yeas and nays, and Mr.. Ben,0n's
changing his mo.Ionto pos pouc the bin into a mo.
Ton TO Tccommii u, with instructions as follows:
/ "IHa, the UI.i be rccynm,,eI TO the COmnsttse
on Finance with instructions 90 report. Iu conner.
/ ion, substitute for tie independent, treasury
On Ibis motion the yes and nays were demand.
, eii Which, being ordered and taken, resulted as
+ ~ 1w.:
/ GEAS.-MlrsIAIsr Benton, Calhoun. Civ.
/ o. A.lllma. Fulton, King, McRobtrts, y cho.so1.
IIccc, Sever Smith, Of Connecticut, Sturgeon.
laTpan, Wake, Williams, Woodbury., Wright,
IOurg-i-.
NAYs.-M,ssss. Archer, Eurow. Bates B,v.
orh, Beuen, CHolle Cay, Of Ky Clayton, Dixon.
Evans, Graham, Huntington, Kerr, Man,urn Nsr.
tef, Miller Mor.AeaI, Pho pa, Porter, Pfcpnss
lIcs!on, tyes, Simmons Smith, Of Ind Sy..f,sr..
IlIm.dse, White, wp1dyudgc-zs.
- VI. bgniyns mr.lJn Vas rcgauvOI.