The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-11
Tmemtp= Seoemth Congress.
SECOND SESSION
IN SENATE
SATURDAY, April 8, 1912.

ting a copy of the letter addressed to the Secretary
of State by the chairman of the Board of Commits
sioners appointed to explore and survey the boundary
line between Maine, New Hampshire, and the Bri-
fish Provinces, together with the report upon the
subject also, communication. enclosing report
from the Commissioner of the General Land Otice,
in compliance with resolution of the 3lst of March,
informing the Senate what quantity of public lands
surveyed and prepared for the market at and af
ter the 4h day of March, l64l, and not brought into
market during that year and the reasons why they
were not offered for sale during said year and also
what quantity of public lands has been offered for
sale to be brought into market during the present
year also what quantity of public lands is now pre-
pared for market and nat offered for sale and also
what quantity of public lands is expected to be sur
veyed and be prepared for sale during the present
year.
Mr. BUCHANAN presented the petition of 1900
citizens of Schuylkill county, Pennsylvania, engaged
the coal trade, embracing almost every person en-
gagged in that business, whether abo ers or otherwise
They state that when the compromise shall go fully
into effect the duty coal will be reduced to forty
cents ton, which will afford them projections and
they further observe that England imposes duty of 81
per ton on foreign coal. They therefore ask Con-
gress to impose a duty Of ten cents per bushel on
foreign coal, and they saw that, if this be DONE in
the of ten years the price OF the domestic
tice in this country will be greatly reduced below
what il now is because, if protection be furnished
the foreign trade will be cut of entirely, and
petition spring up in the coal regions OF the Union
also, memorial from tne ana county oil fhlla-
delpha, asking Congress to refund to General jack
son the fine which was imposed upon and paid by
him in 1915; and petition praying that the duty OH
iron may be restored to what it was in 1889.
Mr. YOUNG Iom the Commit 20 Oh the District
Of Columb a. reported bill for the ellefof casper w
Weaver.
The Joint resolution from the House of Represen
taves, suspendlng, until otherwise ordered the APP.
preparation for printing the tables of the sixth census
The joint resolution further providing for the dis
49,. r.. .t
and other documents connected with the same, the
printing OF which was heretofore directed by laws
The oil for the relief Of William Patton
The bill for the relief of Daniel kleiss;
The bill for the relief Of the legal representatives Of
Richard T. Banks, of the State of Arkansas; were
severally read third time and passed.
The bill for the relief Of the Howard Institution Of
the city of Washington, was engrossed for third
reading
THE LOAN BILL.
The Senate resumed the consideration Of the Loan
Bill--ihe question pending being on the amendment
OF Mr. Walker pledging the proceeds Of the sales of
The public lands distinctly separately, and invola
bly, for the payne of the interest and the redemp-
ton of the principal Of the stock heretofore issued
der the Loan law of last session, and the stock pro-
posed to be issued in pursuance OF the bill before
the Senate, and suspending the operation of the DIS
tributon act for that purpose
Mr.. WOODBURY. addressed the Senate, and
showed the advantages which, in his opinion, would
result from the adoption OF the amendment. He said
that they had tried duties and they did not succeed in
efectng the entire loan authorized the last session
and they could not succeed with this bill without
ruinous sacrifice but, by plejgng the lands, which
would yield a. least three millions, they would the
readily negotiate loan, for capitalists would
then confidence in the ability of the Government
to meet the obligation. The President of the nted
in many respects, HAD svfnced "a -ntagIahmity which
deserved praise, for coming forward in the present
emergency, and proposing TO repeal the Dstiibuii
Act. The spirit of that law was, that there would in
time be surplus in the Treasury, but there now
possibility ofths, and Mr.. Clay himself secuted the
raising ofevenue for the sake of distribution, and would
not consent to distribution in the case of surplus
IL they followed the lead Of the President, who had
placed himself at the helm like skilful pilot and
took back the public lands, what would be the aspect?
All agreed to relrench, but Senators differed as
to the amount; but suppose the retrenchment should
be made TO bring the expenditures down TO
twenty millions in addition to million for contin-
gencies and two for the interest the debt and The
payment of part .. the principal how was this to
be met Why they would get sixteen millions and
half under the present tariff add to this the lands,
three and half millions and they would have
ty-mons toward paving the twenty three millions
III en- tax tea and coffee. Che was willing to do So
provided the lands taken back, and rather than
violate the Compromise act,) and they would get
enough TO- make up the entlIe amount of twenty |
three millions.
Mr. EVANS remarked that the Senator had told
them how to get through the year, and at the same
time to pay the interest and portion of the princ-
pal of the loan; but he had omitted to show how the
nine millions of Treasury notes, now outstanding, |
were to be provided for.
Mr. WOODBURY. replied that if they took back
the lands provided in the amendment, not half
million of Treasury notes would be offered within
the year if more were presented they could fund
them
Mr.. EVANS said SO the debt remained after ALL
Mr. hat M hav
loan, and that they must not only pass bill for that
purpose but they must take measures to make it eff
fcent, so that the Government may obtain suffcien
cy of means to carry on its operations. As to a
pledge for the redemption of the loan, capitalists
asked, the nation honesti Was it inclined
to keep its faith All other questions were
were entirely nugatory If they had not honor, what
would avail all the pledges which they might make
for the rede upton OF the loan But the word of
the Government should be given and it was that
sure pledge But, with regard to the lands, h would
go step further than the President of the United
States the Senator from Virginia, (NIr. Rives)
and say that they ought not only to be brought
back, but that they ought never to have been put
where they were, for il was fatal and disas-
trous policy AS to pledgng the lands for the oan he
thought 1t would be utterly useless Tie satisfied,
and one here would express contrary opinion,
that the duties would have to 60 above twenty per
cent and, consequence the lands would revert
for the amendment, which was, in effect stop the
supplies OF Governmen-1nquestionab not So in
tended, but it would have that effect
Mr.. WALKER asked whether The President pro-
posed TO stop the supplies of the Government
Mr. PRES TON replied that he had not attributed
such motives t. any one.
Mr. WALKER said that the amendne was GER
ainly in conformity with the Recommendation of the
Executive
Mr.. PRESTON remarked that the President had
made the recommendation TO the House; if il
had been seut to the Senate, no man would
have sustained it zealously than himself but if
hey passed the bill with the amendment of the Sen
ator from Mississippi, it would fail in the House. as
similar propo ition had been made in the other
branch, and it had been rejected BY large majority.
Nlr Preston made some further observations at the