New-York tribune., 1842-01-14
By This Mornings Southern Nail.

In the HOUSE OF REPRESENTATIVES, The trial
was again repeated BY The friends ottae repeal Of
the Bankrupt Act and by ths.s II favor o; The IN
mediate passage OF the Treasury Nots bill. post
pone the reception ST petitions ;or The purpose OF
proceeding 10 the iavorite of these iwo objects
which after an unsuccessful a;tenntby Mr. III
MORE 70 Offer a resolution 70 suspend debate on the
Trea.ur, Note bill tomorrow, tUo-ihirds net 7ot-
ing for tho suspension Q: the rules for is in;roduc.
ton. resulted in going into Committee Of the Whole
again or. the TreasuryNota bill.
Mr.. J. G FLOYD opposed the bill at some
length catering into TIE general subiec,oi politics
vindicatin- the course Of Van Buren,. Adrlini:tra-
ton. iucupetirlg the present. and recommending as
2 reet 10 the suf-riugs OF the country, AM,
means the restoration 81 is prosPeets the r.
peal OF the acts=ot the Extra Session.
Mr. AEvoto supported the Bill. offering an
amendment providing FOR the issue OF Treasury
Notes Of any Denomination not less than 50. and
entered into the bounciIess field sfthc policy of the
coaa.rv. more particularly with reference 70 the
course OF dominant Administrations FOR the last
fyeeiy- wars which had been miserable hoteh-
oo,cf system OF peienis Dten-sd 70 deceive the
f people, replying to various prior arguments and
declarations, particularly that OF Mr.. Floyd and
Eofhers that there woald have been no deficiency in
the revenue had il not bect, for the expenses and
appropriations of the Extra Session, and stating
that he should vote for The bill relieve the press
ing exisencies OF Government, tor the permanent
suppl7=of whose wants resort should De had y
system OF dafies no, regarding the tre-;radc cr5
of Gentlemen OF thi, floor in proof Of the tallney OF
which he sent + the Clerks table, where II was
read, an article which was published inthe Tribune
a few days since.
Mr. J. t;,=TSGERsoLI gothic aoor, and the Com.
rnittee having risen, Mr.. FILLMORE renewed tho
attempt to otter resoIution,o conclude the debate
on this BILL which being unsuccessful, he gave no.
tice that=ae should daily renew the attempt to
bring the resolution before The House for action
until .succesJai.
segeral motions for al tournament, and for going
again into Corauit,ee. having been made, on which
the Yeas and 'ays were called number Of times,
the House adjourned.
In. the SENATE great numbers Of petitions were
presented from New York, BY Messrs. WRIGHT,
T.LLHlDeE, WALKER and CLAY, the subject
OF the Bankrupt Law, and all, with one exception,
demonstrating against its repeal suggesting
amendments.
Mr. CLAY said that lie had been requested by
lcttcr;o speak in favor Of tie prayer OF petition
presented By him. The question va, not now de-
batablc. and all he could say was that the memo
raIists had his profound sympathy, and he regret
ted that any disposition was manifested 10 repeal
so bcnefcent an Act Brief conversation aro.e on
arother of the petitions, between Mcssrs. CALHOUN
and BERalEs, the former contending that this Isw
was unconstitutional and the latter defending it or
constitutional and other grounds.
4 resolution was adsp.ed on motion OF h'r
WALrEr calling on the Secretary ef the Treasury
! Tor information with reference to the collections
under Tie Sub-Treasury System, the operations at
the Branch Mint, and whether any defalcations
had taken place That this latter was not the
case. he intended TO show BIZ the answer to this
resolution.
Communications were received from the Urea
sury Department, showing what would have been
tic disributivc share of each person and State OF
the United States, had the Distribution Act been
in force in l84l and giving account Of the epe-
ratons of=thc Banks OF the District@of Columbia
in 1871.
The Exchaquer plan was debated BY Mr.. MIR
NICK, who hold that they were bound to exercise
the power given them by the Constitution 20 regu-
ate the currency, and that the other systems Of
finance being now out of the question this last
alternative should be resorted to, which was nots
ubhorent in many respects as had been commended
and by Mr. SEVER, who commented upon the
family broils OF the Wing party, and said he could
not see ho,v any who voted for the bills of last
summer could refuse ,llis-for which he conld not
vote in lis prcsen. form; but it would receive his
support. amended to sRI him
Mr.. BGSroN has the floor for Tomorrow.
ARGOS.