Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-22

mR. mANGUM,s SPEECH
On Tie Erchegucr Bill.

addressed the senate IN an unusually AMI q,
mated speech in opposition to the project
of the Secretary of the Treasury for an ,
Exchcquer Board. The Reporter regrets,
however, that. owing to the frequent fall
ing of the speakers voice, much that he 9
said was lost at the distant seat from which
his spe7ch was heard and reported.
Mr.. NJ. commenced with n promise, very
frequently made in Congress, to occupy but
a short time in the remarks he had to offer.
II was not his design to 90 into anything
like a regular dissection or severe analysis
of the tremendous prOjct submitted in the
Secretary's report; yet, inasmuch as very
strenuous efforts were making to pre-occupy |
the public mind in its favor, Mr.. M. did
desire to express his views of the schemes;
in presenting which he desired it to be
clearly understood that he spoke for no in
tcrest, clique, or party, either in the Sen
ate or out of il; the opinions he should cx-
press were his own. lie had not only alb
stained from all consultations or comparl-
son of views upon the subject, but had re-
sisted such consultation when proposed to
him: because. looking at all the past, he
was disposed to "let by-gones be by-gones;'
and regarding the actual state of the
country and the amount of the public dis
tfess, he was prepared to meet gentlemen
who should propose any feasible measure
for its relief in a broad and catholic spirit.
On all this subject of banking he held,
probably, some peculiar opinions: he did
not set much value upon them, nor did he
deem them Of any great consequence to
Others; bat such as they were, they were
his. There was one reflection which could
not bat have occurred to every mind
They had here presented to them apaper
marked by consummate ability, and drawn
up with great labor, the production, as it
was said, of gigantic intellect, or, as 9TH
ers had expressed themselves, of the first
mind in this Republics; and gentlemen on
all sides of the House had We'd with each
other in bcstowing upon it their highest
oulogums.
Immature, however, as he was in crit
cisrn. he was compelledto differ in his judg-
mont on the logical qualities of this pro.
dlction, as well from the astute and inge
nious Senator OR. BUcHANAN) from Penn
syvania. as from the able and learned
Senator from South Carolina, (Mr. CAL
HoUN) than whom no man in this country
was better fitted to Judge on the closenes:
of any specimen Of logic submitted to him
Il was very remarkable that the report
passed over, and seemed studiously t.
avoid, those points Of argument connected
with the general subject, on which thc
ablest minds bad for years done battle
and in the deductions which it did make
50 far from exhibiting the force and clear
ness Of logical head, it presented mos
obvious defects in logic, the CONCLUSION,
drawn from premises laid down being in
consecutive, abrupt, and, in one instance
especially, monstrous. There was one fact
in reference to the plan suggested in thi
document, which mus; have struck all win
witnessed the proceedings of that body
Here was a project, the production Of ;
mighty intellect, one Of the first minds o
the AGA mind familiar for twenty year
with the public afflrs Of this country, anl
closely identified with great and glorious
and victorious party-and yet, wonderful
to tell, with all this acknowledged ability
all this experience and knowledge of public
affairs, and all this careful elaboration of
great and all-important subject, when thu
result Of its Iabors was presented TO tn,
Senate, not man had been found who
would rise in his place, and say Il wi
take it." 4 project was thrown oul
backed by enough Of intellectual power t.
force almost any principle upon the assen
of other mlnis, and yet there was no
found among all the members Of that body
no. not one So poor as do it reverence
And why The case was plain. 1t wa
an attempt to unite things essentially in
compatibic--tD drink at once, and in til
same cup. from the mouth and from tn
sources Of the Nile. And here he mus
he suffered to say, that the cOurso Of th
honorable Senator, and Of those who wer