Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-19
Ucdntsday, ApoH i3, l9i2.
IN SENATE.

Tie BIZ 10 autrssa the adoption Of measures for the
Occupation auI settlement O; the Territory Of Oregon,
and for cx;endH certain portions Of tie laws 81 tie u
= eve! The same taken - y: lis orccr as IN com
inuee Of tlse Whole.
Mr. I.liN s;oke out the remainder Of the morning
hour ia favor of he passage OF the bull lie entered
into historical account Of the discovery OF this section
Of Tie American continent, with view 10 show the
undouh,ed TUE Of the L. S TO the He pointed
OF, the preens.ons Of tile being set by Great Dri-
TAN e. Il. which he lnQintained she had been encou.
yuged IN dong by the mild course Of the L. s., ind
their nattenton 10 The importance OF exercising JnFis
dciion this interesting county, and by an acqu''
eecencc the entertainments Of the Hudson Bay Com
p.ny. lie dwell Oh The importance OF the U. D spec
diiy setting ASIDE the pre,ensoas oil tide beng set UP
by England either by declaration Of intention by the
T. 5 10 exercise jurisdiction, OF hy the rassnge OF ti;s
bill.
Tie BIZ vas pasacd over informally, and the Senate
proceeded to lii: orders of the day.
TIE LOAN ELL.
The bill TO extend The rinc OF the lean an!horizf
nj Tie Extra Session to twenty years 10 auhorzr nj
additional loan Of five millions and 10 provide fol
The payu.cnt of interest the Treasury notes out
a. nding, was taken up-,he question being, "Sna!
Mr. GRAHAM observed that, called upon as he vas
10 vote f,r tins bill, which 10 create additional
,lett To be psd hereafter he had Eel, himself under The
necessity vi rqairing INTO The resources and .xfond
lures Of the Government for number OF years pas
and in prosecuting this inquiry, he had discovered that
the Eiu bcCn long iaite 10 supply Tue
,oeans demanded by Tic Government and therefore
condition Of lie Treasury had been produced winch
demanded the passage Of this I'LL for immediate relief
From lhis examination of the resources and expenses
of The Government for years past, lie had also disco
ye1ed that during the late Administration the average
Of xpcndtutcs for ordinary purposes was twenye'gh
millions while tie average Of income from revenue
WAS bat twenty millions; that the difference
drfcit If means iltet expenses which would have
left debt of more than hriy-one millions al the ems
Of that term instead Of five millions six iund!ed thou
.and dollars II not for extraordinary resources II
The hands G. that Administration. tie reviewed Ia,
expenditures OF the four years, and dwelt for somt
time on the III which the reductions during tn,
last wear we're made, with view vi showing that thcl
were merely postponemenis, US avowed IN the pream
be orbls then passed in relation 10 those subjects
He lhon0h either one thing okc. ought 10 have ee
done: thn, is either the WORKS ard expenditures Dug,
10 have been Gu, ofl entirely and abandoned, or ade
una,c should have been raised to thean
I'll completed (Alr. proceeded 10 argue the question
at some lengthy
Nh DEiti.N desired TO recall! the attention Of III
Senate 10 The consideration Of the hill under Discus
sion The which The debate had taken had no
been IL Grcide upon he necessity OF passing the bill
but upon the origin ofihc condition OF the Governmen
recurring the loan. As member of the Finance Com
p,o hq Ind hecn crl!rd npon to invest gate the sab
ect thoroughly and he had come TO the conclusion tia
me oniy question which could with proprlety arse o.
ms ui was be Tier the sem called Tor was or wa
no, absolutely nccessary-all having admitted Tim
,oue sunply was indispensable 10 relieve the Govern
men! iiom is present eahnrrastnea''