Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-25

,I;,,t;cns III cases IN which the citizen OF aho'nsI
Stale refused to accept his DIVIDEND OF Tue
effects. , j., -ro,a the me-
a,, ~ !, bankrupt law by Congress, but distinctly
l,;sd that Mr. Buchanan htd stated the law correct
l., I, vas true he said, that the Supreme Court huo
decided hat was competent ;"r the otaie Lvs'sia
-, % ,ass prospective bankrupt law; but IL was
o,,hsess true that that Jaw could not operate be-
eud ,hs limits of that State md when the debtor
yGna h "a. avaed himself of the enets of bankrupt
WI, VIZ IS -; State should pass the bounds of his state,
he would be subjected to the ar'ion OF o,her
s nan The subject. Therefore, such laws as could
be passed W Inc "'A'' "oN ~
guate s'.r 49,, .,oo,a HE ,,o,spre nj
d., concurrence in opI''on on the points OF consilu
~ I md reiterated his statement OF the law as
.ohai ad in order to x the attention Of the country
!. nv 4 discharge under Suite Bankrupt law was
be,ween citlzens of the same Sa16s and would
tie debtor from all contracts in every State OF
~, IL, =, AGAINST all foreign creditors who had ac-
'ue d;y;d.nd This would be accepted in every
case where the debtor had not he'd on uh' lie hau CA
b,us,ed lis whole property
A.. HUNTINGTON presented remonstrances on
.,,a.h;.., He stated that the law had received his
a occasions, and believing that It was one due
n The me,oious debtor and was Tor the equal oeneht
She creditor, he would vote for it again
~. ALIEN made some effort to have his resolution
Sc on,rv which was laid the table yesterday, taken
w ~ he A,nded, as YVES suggested by Mr. Riyes on
yesterday but was prevented by the opposition OF Mr.
wlo called for the consideration OF the Treasury
Note bill ., =
Ths Senate thea Proceeded TO the consideration OF
,hs TrsasIry No3e bill, us in Committee of the Whole.
The Immediate question before the committee was the
amsnJme,t reported by the Committee on Finance to
strike from the bill passed by the House OF Representa-
tiyes the Dllowng p.ovlso
ProrideL, That the amount at Treasury no'es when
.i,f,rtt u,ffl ri gn1ll
ed and taken lieu of much OF the loan authorized
by The act If twenty first july thousand eight hum
dred and lGty.one
MIR. WOODBURY. occupied the floor in opposition
10 this amendment lie believed the course oil the r.
nance CoDmit,ee in rrcninmeuding the amendment 10
the bill in that particular, was imprudent IN the ex-
IRENE inas.nucI as would open up, unnecessarily, a
debate on the question whether the burdens OF the peo-
pie should be increased by creatng new debt. The
only question which would have been presented TO the
of the Se1aie, il the committee had re-
ported the bill back est from the House, would
have been whether they would substitute FIVE millions
OF Treasury notes for thu, portion of the loan OF last
session, yet unsold to tve thr immediate wants of
the Treasury. But by 'ort'ng this amendment, the
euson s ns"s s noSn Of v sH
MIR w expressed bssMi npness-his desire, to afford
ready relief to the Tfssry but III the aspect IN which
the question nov presented-whch involved mo-
menous considerations othe than those OF reei' II
cras,inae action on the bill; aid It the amendment was
agreed to- debate might arise IN The other House upon
it. that mig hit delay the OF the 1Ili ioT weeks
ni,tee on Finance for but GOO in Treasury notes,
not as an addition the Lean of last session, but as
substitute for it, because the loan could not now be
made available They, hy resisting the amendment OF
the Finance Committee do not delay the relief called
for, but expedited it. For rhc amendment agreed
10 here imposing additional bu;dcns on the people, and
which rave 100000 than the Secretary called
for il would be resisted AMI Delayed the other House
Then the most expeditions way Ia afford the relief was
10 reject the amendment. Ire asked, were they SO
lavish Of The public eed t. hr"w into the hands OF
the Secretary mere than r. called forgive h'm, moi
VIVA, he wanted To rcev& He Treasury for the quarter
hui which would be more than suicieni for the second
or third quarter:
Tho Treasury notes wcfc now deprecated from one
to two per cent and if they voted the FIVE million IN
addition to the oan and furnish additional means
redeem them il would increase tho dscrcdit oil the Go
yernrnent and still further deprecia;e them MIR. w
went into an interesting calculation, IN reply 10 Mf
Eyans's remarks Of Yesterday 10 show that by proper
economy there was no Necessity for any increase OF the
national debt. He showed, that It the Wings woult
carry out their promises OF reTenchnent and economy
the expenses OF Government might be brought down le
the standard at which the last Administration had IN
tended to fix IT, that is seventeen or eighteen millions
Of dollars lie was opposed to striking out the prnv
So which would thereby increase the national debt hvt
millions, rai lie could sec Tlether The expenses Of
Government were 10 be red,k.d as promised, or whe
ther the Land bill 10 be epea!ed The only ques
ton he contcnded, before the Senate now, was VINE
Their they would the five millions not called Tor oy
the Secretary no. wanted, and which might never hs
wanted if the expenses of Government were rerench
ed as they should be.
MIR. CALHOUN said general disposition Prevaet
on his part and that of the friends with whom he act
ed 10 acouesce in the passage Of the bill as It was re
turned from the House But if the amendment pro
posed hy tie committee persisted in, II would cause
a pro,raccd debate ond would be the question OF de
bate for the session For one, he was anxious 10 a7o'
that if possible. He willing, as were his irend
on this side of the Senate, TO vote all that was aoso
lutey necessary 10 supply the immediate wants OF TIM
Government
He depioed as much any Senator could, the tran
Of causes which had brought the Treasury to It's EN-
barrassed condition 1t was the inevitable result
the proceedings Of the extra session. That ought
| have been avoided. The Committee on Finance as
sumes the high responsibility to press the Senat
at this time, an medment which provoked, and woul
protract debate and further embarrass the Treasur
! which the BILL as il came from the House, proposed
relieve.
| He honcd the honorable chairman would assign som
satisfactory reasons FOR 1t. Without additional
loan we told that the present ways and means ar
ample but that the loan authorized last session cou
no, be made available. lie was ready 10 respond L
the call 70. substitute for The loan. Why, then, II
! a
il afforded relief The Treasury, tend 10 cancel par
of the loan author ed, do the committee mtroduc
an amendment for rev loan' Why, when TIL
Treasury is sufering-when they were unnforme
as TO what would be The fate of the Distribution
bill. which was proposec TO De repealed-why, whei
thew were uniformed cit to the means that wou'
be wanted for he year, and in the face of thu
suffering creditors Of the Government, did the com
mittee introduce this mendment' lie rose to appea
to the chairman OF the Finance Committee not to pres
the amendment and the opposition side of the Sena
10 weigh well the subject before they took the rcspon
sibility of pressing al knendment which opened VI
lie nppea,ed to them al he question of genera
means of the year for krt legislation, ana vote th'
bilI Of supplies as 1t G "a the House. If theJ
persisted in this ame ehy lhey would force MN
and those with whom actSd into the general ques
ton. It was, in fact, only the question Of the ses
sion, but one that wouNy lecE the policy Of the Go
vernment for years TO cs'nc upon Tins vote turne
licy ,f Tho