The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1842-01-18
9th CONGRESS---2d Session.
Monduy, January 3.

SENATE.-Varlous petitions, were presented
for the repeal postponement and amendment. of
the Bankrupt law.
The debate on the reference of the plan of Ex-
chequer to Q select committee, was continued by
Mr.. Huntington of Conn, who condemned the
plan in its every aspect; in its Government re-
lat0ns, as injurious and unsafe; As remedial
measure on the finances and currency, ineffica-
cioss; and as & political machine, destructive.
1t proposed to confer such power as he would
trust to no man-to piece the money of the coun
Try in the hands of the executive, and break down
tue independence ard Liberties of The people. In
its present otate, no Senator could support 1t.
Mr.. Bates took the eUor and the Senate .ad-
jourred.
HOUSE.-Hon James NJ. Russell, Represent
alive elect from Pennsylvania, vice Judge Black,
deceased, was qualified, and took his seat.
MIR. VIM. Cost Johns on spoke nearly two hours
on The Tariff question, and advocated the refer
ence TO the committee of Ways and Means, as
the most appropriate committee, having the iuris-
diclion over the subject Of the revenue the appo-
prations, &c. He did not by this vote oppose a
protective duty but was friendly TO manufac
lures well as the other branches of industry,
Tor all of which he claimed an equal encourage
mentsunder Tariff for revenue. He directed
his remarks mainly to an advocacy Of system of
retaiatory duties. calling on the farming and con-
its support, !iom The adoption of which the corn
laws Of England now Costing Ler people in in
creased prices of meat and bre I'd srufs, over one
hundred and ten millions of pounds sterling annu
ally, would be repealed in less than two years,
and thus double market being afforded 10 the
agricultural products ofour country, their produc-
ers would become more abe ID purchase both the
manufactures of the Nurth and the raw material
of the South, and all The industry of the country
| 10 aa 6fol aud
stored.
Mr.. Rhett Withdrew lis amendment of instruc
ting the committee, and the question was ia
ken on the amendment of Mr.. Anterior, 10 refer
The subject TO the committee of Ways and Means,
and decided in the negative Yeas 95, Nays 104.
The question then recurring on the original
resolution II was modified by Mr.. Fillmore, so as
to refer to the com. on Manufactures, that part
of the message which "relates to discriminating
duties and domestic Manufactures" and was then
adopted wittouta division.
Thus prcliI mary debate, arising on ques-
lion of reference, and extending through IS days.
is at length closed by signal triumph of the
great principle Of Disc limitation and Protection.
The remaining parts Of the Message, including
the Fiscal project, were now referred without
objections, To The appropriate committees, and
the House, having disposed Of the subject, ad-
iourned.
Wednesday, January 5.
| SENATE-Mr. Morehead of KY, made a
powerful speech against the Fiscal;tv. The fol
| lowing is an extract from il:
| If were TO return TO my constituents, and saw
that we had agreed 20 form bill like this-that
we had become reconciled one with another upon
such plaIiUrm-that, as the mountain would
moi come 10 Mahomet, Mahomet has gone 10 the
mnuntain-that We had rejected Bank of the
United States, and given you panacea in bank
of fifty. one hundred and Two hundred millions of
dollsrs-harrassedi and oppressed, and almost
crushed 10 death as they are, should hear from
them but one voice, and the voIce ofparty would
be lost in that, the cry nf universal coademna-
ton al The course we had pursued.
Better to bear the ills IRE haze.
Than fly 10 others that ue knop not off,
We wrud rather be free than prosperous
| Ii then, the principles uf the wing party can
not be maintained without resorting to any such
plan, let them perish. We are told to compromise.
Who? The Representatives of the People 10
compromise 10 The Executive ? No. sir: no sir.
am willing to concede much have conceded
much but never can sacrifice 10 power a princi-
pie like this.
The author Of thai report before you, Mr. Pres
ideni, knew that lis principles had been repudia-
ted for ten years by The whig party. And suppos-
ing sir, our quondam President, Mr. Van Buren,.
are surprising Mr.. Van Buren,. instead Of
recommending ub-Treasury scheme, had re-
Commended this also-part Sub Treasury. mart
Bank of the United States, and part a State
Bank system, as 1t is. The wing party would
have denounced AMI repudiated it as thes did
wien it was proposed years before by Gen. Jack
son. And you cannot, said Mr.. Morchead. even
make this The basis of an institution. There was
nothing good in IT, which il was safe to ado3t.
And yet, what was the remedy for all the evils
under which we s1ffer2 have seen i. intima-
ted in some of the public prints, that this was
factious opposition-that it was this plan or
nothing. lfso, the fault was not here. If there
was any remedy. we were TO call upon the Pres
iden; of The United States TO COMPROMISE. Let
HIM sci an example OF lIbersliiv and Of magma
nImity, and his word for il, Congress would meet
INN hai way. IL he expected Congress to bow
down TO him. and yield the ground upon which
it had stood, he could not be cratl6ej. Selrre-
spect and cherished principles forbade il.
| Mr.. Simmons, OF Rhode Island spoke. he said
but to suggest that ii might be possible to rid this
project of those defects, which both sides of The
Senate has joined in denouncing. The bill was
especially obnoxious in toe powers which it con-
ferred OIL the Executive but cannot we strike out
those powers7 Mr.. s. went on 10 intimate sew
! eral other changes in the bill-one in particular
of permitting permanent deposits on interest. He
went on to say,
! have thrown out these suggestions of vari-
Gus notifications which can be made in The plan,
for the purpose of showing that they may be made
without conflicting with The constitutional power
which authorizes thrir exercise in the form in
which The plan Is presented; and that we may
have the relief designed to be given without
breaking down those barriers which are supposed
TO stand between libe:ty and despotism.
! II 'his be correct, and the plan has within IFS
u cseps se'sni for permanent re we snouo
safe if not SO anJar 70 make it practicable and