, 1842-01-22

IN SENATE, Dec. %.

interest to commit TO a hasty analysis. Oul
reporters will furnish for Tomorrow eve.
nlnSs paper a sketch, which We hope will
give a just conception Of it The position
which we are inclined to helieve the Demo
cratic party will take in rel 'tion to the PR.
posed Administration measures o, finance.
was most distinctly painted out nv Mr. Buc-
hanan and Mr.. Calhoun. Mr.. B,ichan n
opened the debate on the Proposition Of Mr..
Tallmadg re tn refer the bill FIR the establishments
OF the Board, OF E,chrquer. aud the Cain.
net exposition which ACCOMPANIED II. l., n
select committee of five. Mr.. Tall,n rdce in.
Dictated a wish that all EXPIRE <sir.n IF omni.n
touching the fully matured measure of the
administrator should he waived i.,r The pr.
sent, although DEVELOPED n rs .%ninuresr line
aments in the bill from the Treasury, and H.
Eliminated with the full and ling studied A..
gunent With which it WIS ush-red in'" Con-
gress by the Cabinet exp"siti n. II WI.
thought by the Demncra'Ic Senators due 10
an Executive measure of such grave i,nporr
so eiaboratelv prepared. and so elahOr'ei,
argued, IN advance. by its autlnrS--'O meet
II as presented by them, therefore sn'mirtin"
II to the crucible Of Il committee, in which,
itmight m irruo Il chlnce. mrkIng it aIt.,-
gether different fro TINT designed bv il.
olIginators. In the meantime. if the scheme
had been sunk. for weeks To come. in n.
oblivion ct a commit ee. the public mig,
have been left TO infer that The lrusv s.a'
terers of rumors were ii yhi in the in'arenre
that the silence of all sides in regard to it
was Ia be taken as a sort of universal con
sent to its adoption.
Under these Impressions, we doubt not. |
Mr.. Buchanan and NJ. Calhoun fell, III. m |
selves called on to state. wi lont any mkirtl
feelings or intentions to yards the Exe-u'iv.
submitting it, their objections t" the plan
proposed.
Mr.. Bnchanan's speech was m abe. com
prehensive, impartial. genera'izad review ~
the whole su''ie t. brought up nv the new
proposition. He stated the OBJECTIONS which
forbade hun and ihnSe who acted with him
frsm embracing any Of the rxlr."rdin nv
features engra'teh on III. simple subs'r.iu'n
Of the lndeprn lent Treasury. H. sh wed
that the whole >uprrstructure was a Cow
eminent Bank .f irm-ns- and irresistible
tendencies 10 mischief. AMI mike abs ,lute
the identification Of The ~pnlnic, Il and mrnev-
ed powers Of the country, perfect blend
ing Of Bank and State.
Mr. Calhoun, in a very brief and rI-ar
statement touched on snne inpnrt n I'D his
sinns OF tn" Ct'ta-, rxp,st n, m'i','in-
against the me i<u"e it<rl', ani the whole
system of hanking associated with Govern
ment. He sustained Mr.. Buchanan in al
his POSITIONS. and declared re-. Iu'elv the
purposeSt t. stand firmly IN tn. ground aud
principles on which The Dem"crary hui plan
ted itself in they renewed struggles erween I
1t and its old antagonist IN our Cove nmen'. ,
Mr.. TalImaigr hi,ing wi hdra va fr"n
the Senate after ,taaking his motion f. tn !,
reference of the bill AMI the Cihinet expo
(being affected by re:"nt .iisp,-i IN. &
Mr.. R'ves undertook Ia reply in heh,!f Of q
Mr.. TaIlm,drc and fnr hi nself. tn The ri, -
by Messrs. Buchanan and Cal ,
noun. .
Mr.. R'ves seemed t., take of"nce ia The .
Sen ,tors w',o h,i comm ,nt"d on he great {
Measure proposed br the t.iminiS'ra ion hid '
Tot waited I'm il il had undergone The alter.
lions whi~h he did not he it't. 10 >rv : a
v"Hld receive ron the hanl> of his n nj, c
Hr. Tailnaige, who cnncHrr-h with him
n so -lanv points .f pnlrriral filth. modes +,
# thinkrn! and feeling. lie went on :" "
n al he dill not doubt thit every IT. n, =
,nntained in the proposed pan. which mri p
Ohm ,yionS To the chrrtp "f ne,nr = ~ o
rninent Bunk. would he Topped al. if VI a
(rhr mover of III" C nm t re, an a
likely to be lis head c "li have hi
gav. Mr.. Rives. Far hi nSpl', expressly di =.
al f~avnrfnr the e~yriarsp anI discount -
peratinns proposed for the Evch'qn"r. lie -
against the provision auth rim, s.
le Treasury t., issue plper To tire" ~ eS
,e amount nf specie on hrni. and declare a
lar he wnn,t assent T. no Issue of NOES il
'hich the G. rvarnnrnt had M. the COLL and ii
liver to redeem. dollar Err dn'ar. lie IN
against the Independent Treasury
condemned hy the pe"p e pro .'ai ned !"
Ni,ionaI B INK as nov an inp,S<'lili " "
I'VE up his half way houSe-,h" S, 4" ba IL re
svstem-lS Altogether impra ne,
=. but still declared hin>ef "ne of t'rose ST
hi abiured the sio-noth'ng prrty.' ard n al
~ tfpd an intention 10 mike so neth'g "' a.
The AdminiStrati'n scheme whirh "nnid "
deem the country from the present d NO.
bile state. which he d"p c'"d rs one wtich or
re'i,f from G~nvrrnn"nt lie h d
+, notion If thu phi'osvphiv which w"il su
ave inIviiuilS I, take care 81 themselves.
l looked M N Government rs the the in n
rurnent which w,s ~ deliver the %unfprtu. .