Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-01
HeGn.sdGy, Dec. -.
SEN ATE

The discussion in tle Senate on the new Exchequer
scheme to-day, Of too much interest to conht TO
hasty analysis Our Reporters will furnish TOR to-mo
row evening paper SKETCH which we hope WI give
lust conception oft The position which in
clned believe the Democratic party will take IN
la,ion the proposed Administration measures Of fl
nance most distinctly pointed out by M. Duchan-
and Mr.. Calhoun. Mr.. Buchanan opened the debate
on the proposition of Mr. Tamaigc TO refer The bill
for the establishment Of the board of oxcheluer, and
the Cabinet exposition which accompanied II, 70 Sc
lect committee Of five Mr.. Tallmadge INDICATED a
wish that all expression fcp. non touching the ~
ured measure Of the Admin stration should be waived
for the present although developed lis mnate-i Inca
lnents in the bill from the Treasury, and illuminated
with the full and orgstuded aTgucicn: with whch II
was ushered Congress b. the Cabinet exposition
II thought by the Democratic Senator's due 10 an
Executive measure Of such crave importso elaborate
Is prepared and deliberately argued in advance, By
lis au,horsto meet it presented by them, before
submitting II TO the crucble Of committee, in which
it nigh, undergo a change, making il altogether differ
ent from that designed hy its orr.inaors In the mean
time, If the scheU. na 3ce sunk, for weeks To come
in the oblivion OF committee the public rng'' have
been left 10 infer that the busy scaieres Of rnGos were
right in the inference that the silence Of all SIDES in
regard to H. was TO be taken sort OF universal con-
sent TO its adoption.
Under these impressions. we doubt not, Mr.. Buch
anan and Mr.. Calhoun felt themselves called on 10
state without, any unkind feelings intentions towards
the Executive submitting 1t, their objections 10 the
plan proposed.
Mr. Buchanans speech was an able, comprehensive,
impartial, generalized review of the whole subject,
brought up by the new proposition. lie stated ilc OBJ
jectons which forbade hm and those who acted with
him from embracing any of the extraordinary features
engrafted the simple subsranm OF the Independent
Treasury. lie showed that the whole superstrnctire
a Government Bank of immense and irresistible
tendencies 10 mischief, and making absolute the iden
fcation Of the political and moneyed powers oi the
country-a perfect blending Of Bank and State.
Mr.. Calhoun, in very brief and clear statement
touched on Important admissions Of the Cabinet
exposition initiating against the ITSELF and the
whole system of banking associated with Govern.
ment. lie sustained Mr. Buchanan in all his POSITIONS
and declared resolutcy the purpose to stand firmly on
the ground and principles which the Democracy
had planted Itself in the renewed struggles between IT
and its old antagonist Government.
MIR. Tal!madge. having withdrawn from the Senate
after making his motion for the reference OF the bill and
the Cabinet exposition, (beng affected by recent ndIs
poston,) Mr.. Rves undertook 10 reply in behalf oil MIR
Talmadge and for himself to the views delivered by
Messrs Buchanan and Calhoun.
Mr.. Rives seemed 10 take offence that the Sena
tors who had commented on the great measure pro-
posed hy the Administration, had not waited until 1t had
undergone the alterations which he did not hesitate 10
say it would receive from the hands of his FRIEND Mr.
Tallmadgc, who concurred with him in many points
fpoltcal faith, modes Of thinking and feeling lie
say that he did not doubt that every thing
contained in the proposed plan, which made it obnox.
be Topped of, ifMr Tallmadge (the OF the CON-
mtee, and therefore likely 10 be its head) could have
his way. MIR. Rvcs, for himself, expressly d;sclamed
all favor for the exchange and discount operations pro-
posed for the Exchequcr. lie pronounced against The
provision authorizing the Treasury TO issue paper 10
three times The amount nspece hand and declared
That he would assent to issue OF notes WINCH the Co.
rernmcnt had moi the gold and silver to redeem dollar
for dollar. lienveghcd raias the Independent Urea
sury, as condemned ~ the pcnplc-proclamed Nation
al Bank his hallway
house--the State hank deposit" system altogether
impracticablr bn still declared himsefone ofthose who
ablured the "do-aokine fkriB aud intimnied an nen-
ton 10 make something on, Of the Administration
sent drplorahlc state, cs hc depicted as one which
demanded relief from ca eminent. He had no notion
of that philosophy which wopld leave individuals to
take OF themselves, and looked upon Government
the instrument which deliver the unfortunate
(the Specializing tribes banks, well individuals,
supposc) from, the en,barrassmcn.s into which they
have plunged themselves.
From the aspect wfc b things assumed to-day IN the
Senate, we infer that the tw" weilyoked Ccnserva-
lives, who look upon themselves as the makc.wcighs
who have hitherto at will, played at sfe.sn'o upon the
two great parties have at length resolved TO balance at
fairs and take repose themselves, and give 1t to The
country The Charlottesville organ of MIR. Rvcs, not
long since Oh We out tlut this gentleman had determined
to do what neither alr. Tyler Mr. Clay would per-
init the other to do for the glory and success OF wing
gery and to-day have had some very distinct CIV
nrs-out from Mr.. Rives himself on the subject The
cabine, plan is knocked IN the head-Mr. Clay plan is
knocked in the head-and now the country is 10 look
to Messr. Rives and Tanadge for its preservation.
'.Iarse streams f,ontiue fountains flow,
We had thought this era of great men-but, alack'
aack it seems that il s 10 he the reign of The Pgmes
Mr. Mangum has the iiarsr for Tomorrow We sup
pose that his remarks will indicate The course of the
Wings proper-,he friends of Mr.. Clay. Mr. Clay sal
silent to-day Although AIr Rives drew many tatter
ing earness from fbcorance in that quarter contrast
ing it with the hostility Of the Democrats, we hardly
think Mr.. Clay will enlist under bis banner.
HOUSE or REPRESENTATIVES,.
AL the suggestion Of Mr.. Cushing the several Stand.
ing Committees Of the House were called on for ss'