The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-01-20

their opponents would asre Them on lhs
hip!
Another Convention is TO be held at
Salisbury on the 2Olh Of May.
C0NGRESS.-In The Senate, on
Monday the 10Th Of January, numerous
memorials were presented, demonstrating
against the repeal or posiponemento Of the
Bankrupt Law. Mr.. Evans, Of Maine,
delivered his views on the Exchequer
bill. On Tuesday, a resolution was in
troduced by Mr.. Calhoun, and adopted,
requesting information from the Execu-
iiyeconcerning the mutiny on board the
Creole, and the part taken by the British
authorities in that affair. Mr.. Walker
addressed the Senate on the reference of
the Exchequer bill and report. lie spoke |
in very high terms Of the report; and,
contrary to the general impression, at
tributed the whole Of il 10 the Secretary
Of the Treasury; said he would have
scorncd 10 put his name to any document
Of which he was not the author. Mr..
Walker liked the Sub-Treasury feature,
and would vote for the exchange cur
rency feature by way of compromise; but
would not vote for any other feature. On
Wednesday, Mr.. Clay, Mr.. Calhoun, Mr..
Berrien, and other senators, presented me-
MORALS demonstrating against the repeal
or pos'ponement of the Bankrupt law.
Mr.. Clay said he had been requested to
say something in behalf Of their object;
but all he could say was, that the petition
ers had his profound sympathies for their
suffering condition, and his deep regret at
the state of things which threatened the
repeal of the bankrupt bill at both ends Of
the capitol. Mr.. Calhoun also said he
felt most sensibly for the petitioners, and
went further, he said, and regarded their
suferings more, because they were owing
to bank circulation, which had been
caused by the acts of the General and
State Governments. Their condition de-
handed sympathy; but he could not listen
to their appeal, because it would not mi,i
gate their suflerings. Pass this law, and
one hundred millions of property would
be brought under the hammer. Mr. c.
segarded the bankruptlaw as monstrously
unconstitutional, and as calculated even
tually to sap the rights Of the states. Mr..
Berrien argued, very briefly, the con.
stitutionality Of the law, in reply 10 Mr..
Calhoun. The petitions were referred
to the committee on the Judiciary. Mr..
Merrick and Mr.. Sewer addressed the
Senate in favor of the Exchequer bill.
On Thursday, very large number Of
memorials were presented, earnestly re-
monstrating against any interference with
the bankrupt law by Congress. Mr.. Ben
ton addressed the Senate at length on the
Exchequer bill. He opposed il in strong
terms. He compared it to the famous
South Sea Bubble" which during the
administration Of Sir Robert Walpole, was
near bringing ruin on Great Britain. He
believed that there was much more dan
ger in a government currency like this,
than in the currency of a National Bank.
He would in this, he said, adopt the Ian
guage OF Alexander Hamilton; the danger
was greater, as the government was great
err than individuals. Mr.. Benton having
closed, the question was taken, and the
report was unanimously referred to the
select committee of nine members, in con-
formity to the motion of Mr.. Tallmadge.
The Senate then adjourned to Monday.
10 the House of Representatives, on
Saturday the s.h Of January, The com.
miltee on The judiciary we're instructed to
repor, bill to repeal the acs TO establish
a uniform system ofhankrup,cy, BY a vote
Of lis 10 %. On Monday the 10Th. The