Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-06
W,snsGroN. Dc. 80, ISL
UNITED STATES SENATE.
CURRENCY Plan
:, .....7. " " = = 7 II
Mr. MANtIJM said he did not DESIGN Ia q,

length and IN what he did 81, he wished 10 be under
stood as representing no marty and uo interest lie had
looked AT Tins treuond ous scheme vitbont consu,
istion with any ono lie held nc,l,ns n,c,lnr o,in
,,s ,,a had enbi,d l., L., aal,,c T. an, , ,nnsui,,
lion
The naner ,.,s ,I, d,riin If , ro,s,,r mind ,,bo
had bce identified with proa, and virorio,s marty far
4 NAM, y..rs INA, s,e,,n lib /, ,,,J va = ,ro
mendos one ctcared that any attempt to give i, form
and shape uold prove unayang lie WINS mol sod
tn ,lis.et II II was mol h, lb9upht worth the lobnr
which would he cypcnded in It's dissection Mr. Am
Gum made brief aaaIy II, If thf scheme for the n,rn.s
If n,;,,,in,, on, ,,L,t h.. c,,l.a 10 1
al -, ,,,1 g. .'I ""a a 'u'.'
1 ,I :, h. n, - ,l'l t, 80 ,; - o''sr a.
! ~ ''' l'''5' ~ ''''
Mr. Naneon uod. .,,ne .,,,,rs n,n Tho ,u,l,, If
the scheme and anon the sate o,ho times the crrum
stances under which they had been broupht abnt Sc
Tie stated that hc had voted fer Bank for lie frs, time
in his l the last summer and then under some doubts
Of the utility Of the measure submitted lie did NOT be-
cye then that any panae,a could ,cconnlleh all thc
good expected lie believed dat some and preat good
could bc DONE and he therefore voted lur II.
But AS 10 this scheme modern times had nolcnnce we'd
If ,ne monsiIous and dangerous Reduced Ia the OK
lrcmcsl su1i rlHg, the country, however, seemed in
parts ready take It. Beggury was soon followed
by slavery and upon this principle he could only account
| Cor any willingness To receive tie plan with favor Be
tore he would take such plan. he would ncomparahy
prefer the sub Treasury Bill capable Of far less mis-
chief
Mr.. Mangum said also that le had seen. and it was
amcnabe to Soc that in great section Of country
and IN all the cities, this plan was recommended on ac
count OF Its monoy aspect The of the niou were
all IN favor OF It, and ur this No Wing could
support 1t, Nh' opposed the 9no treasury bll ior that
n,ii "'sopf SEA upon the ground mat created great
'oN'ihheni BANK or would lead to that. II was the
sch'me" General jackson doycall,d. and he wondered
therefore, that the party opposite should oppose II. Ii
incorporated many OF the powers Of the Fiscal Corpora
'o' fasa al ue rN'ta Nss"h oil congress- and his HE
u" passed. would oe vetoed 10y iheV'ry man who
cona recommend power which he then opposed
Nh NJ concluded hat al labor IN preparation would
YEA" 10 iollhig IL bore naked false promise upon
-" Lace oi IL 1t was tue seeme OF one mlgh iy IN pow
e. and II Ms "'1Fe, matter OF wonder how II could
Be 50 opp sea TN we opposite a' VI VIZ ohdiuoi IL
Was called no Bank hut IT w. .nG as any one Coil see
vino would look at it, Of the most odious character -
united The Purse and the Sword 1t involved question
f Unconstitutional power II ultra beyond any Bank
measure ever proposed. without manaele to con
troll II.
Mr. Mangum concluded his remarks with severe
criticism ii THIS Kind nopposilon to the bill, and in
cuson he sad he desired To treat public nctinnares
with great tenderness and kindness. and would no,
therefore say any thing whlch could be regarded as per
sonal
The speech of Mr. Manonm had been Of A character So
severe and ", personal in some of It's reflections that The
last sentence excited general laughter
There was no dispositions to contlue the debate to dlv
and Nh Benton moved that when the Senate adjourn il
i adjourn meet again on Monday next The motor
d prevailed and Mr. klNGor A. moved an Executiv,
Scsson which was ordered
The Senate adjourned to Monday.
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