Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-27
= Z I'll CO " a. Es r. - y
SECOND SESSION.
MuNpAy. JAN. To. 1872.
HOUSE OF REPRESENTATIVES,
TWEISURI MOVIE BILL.

that the Secretary of the Treasury had informed HIM tina,
unless something was done in the premises the issue o
warrants must cease from to-day.
Objections Were made. and Mr.. +. then moved to sus
pend the orders oi the day, Tor the purpose Of goinr INTO
/ Committee 81 the W hole.
tpon Tins motion the yeas and nays were called and
were. AYES las, noes IA
The House thcreupon into committee Of the
whole upon the state OF the linton. Mi HOPKINS, of
Va, in the char
Mr.. MISE said that he should withdraw his amend
ment (gong 10 repeal the land Distribution Bill at this
Tune, aud submit the proposition IN form,
other time.
Mr. WELLER sent an amendment To tho Chair 10
the same effect that withdrawn.
Mr. FILLMORE raised the question olorder
Tho CHAIR decided thai the amendment being up
on subject entirely different from the Bill the one pru
posing 10 enact law. aud the other repeal an eNis
ting law upon totally different SUBJECT in OF
der.
An appeal taken from this dec sion and briefly de
bate1 BY Messrs NekEON, CLIFFORD. I'll
lINGiIAST. PR0Ffrr, WISE, HOLMES and
Others Tcllers called for, and after count lhe
decision OF the Chair sustained by % 10 -.
MIR. COOPER, ofPenrsyyana. warned the commit
tee that II was not hls intention 10 inct leng
speech upon them; he but briefly state the grounds
on which he should oppose the bill under cunsdera-
ton lie had heretofore. though under different cir
cumsances, avowed his decided opposition the of
lrea nry notes and he had done because he believed
that, as means Of supplying the wantsot the Treasury
II was lhNdlous III It's character aud tended 10 undue
extravaganza IN the administration Of Government. SO
long the Government able to relieve It's wants by
the emission of Treasury notes, II would be very
likely ogovern ITSELF by the principles oeeouamy; but If
II Were compelled the contrary. to rcslrt loans.
would find itself under necessity Of stunning
giant and protigae expenditure. This WAS one Of the
considerations which had actuated him in opposing the
system. Bat there others less worthy of consi
deacn to which he would briefly advert without enter
ing further into lfan.
rs practical statesmen they Were called upon 10 pro
vde means 10 relieve the pressing OF the Treasury;
this all must admit hut. in selecting tins means, they
wcre bound to adopt such as while they furnished
supply to meet the eng nccs of the Treasury, would
at the same time promote the prosperity and advance the
true interests Of the People The question now to be
looked AT was this: VIII Treasury notes have this effect
10 the same extent loau} II not, then Congress
bound 10 REJECT the and adopt the other. Every
body knew that should Treasury notes 30 ISSUED
with an interest Of SIN per ceut. they would suon
find their way into the pockets Of capitalists. and
would get into general circulaon hut. should loan be
negotiated either Il: home abrladmore especially II
ohaned-the amount would obtain general circulation IN
the country, and thus the People would be benefited at
the same time with the Government fur the reason Mr.
{. was in favor Ola loan.
But the committee were told by the hon rablc chair
man Of the committee OF Ways and Means that the Gov
eminent was in state of embarrassment and such
barrassmeni required immediate relief II might be
If the chairman stated this be the he had doubt
that ii 50; but let it be forgotten that emharass
ment extended beyond the Government alone; the
embarrassment the need ol immediate relief.
pressing the People in an equal decree. Ii The GOV
enment Was to be relieved, let the People lie relieved
too; lean would operate TO relieve both.
Mr.. c. said he moi surprised 10 gentlemen be
longing 10 what had recently been denomnaied the Van
Buren, party supporting measure like this that party.
notwithstanding all their disclaimers. had always been
in favor of paper moneythey had ever been the paper
money party. They had removed the public money
tho custody bv law and had p1ppI in
State banks.
Here the Chair nrerpesed and checked Mr. c. on the
ground of nelevancy
Mr. Cooper replied that he addressing the
ntoe to prevent, if possible theeonicmpatcd issue of
Treasury notes. and to that end was about 10
show HAT of the two great parties of the country
might consistently advocate such measure, but that the
other could not.
The Chair was unable to see any connection between
the removal Of the dcposites and the issue Of Treasury
After further explanations between the Chair
and Mr. Cooper TO the relevancy of his remarks. the
Chairman still adhcrng TO his decision that they were
not in order.
Mr.. COOPER took an appeal: and The question, was
discussed i'll somewhat desuloy conversation, in which
the Chair Mr.. Cooper, and Me,srs Cary Stany. and
W. {. johnson took part, when the appeal was with
drown; and
Mr.. COOPER proceeded: He had merely referred
to historical fact by way otusratlon, to show that
party could consistently oi'r the present bill. but
the other could not One Of these parties had destroy
ed the national institution. and given 10 brood OF
monsters bred by the spirit of speculation, which contln
uay multiplied till they covered the land and which
spirit had ultimately produced that greatest and
fullest of all abomnabc things, the doctrine Of repuda
ton. Mr.. {. admitted that such party might conss
teny enough 90 for this bill but he asonshcd.
WAS asounded, when he saw the Wing party, with
which he had been in the habit Of acting abandon the
principles for which they had so long and strcnu-
ousy contonded. and lend thcirsuppor system they
had vchcmently denounced mpolltic and fraught
with all mischief lie especially surprised 10
his friend from New York (Mr FIlmore) bringing for
ward bill of this character, and to find him sustained by
others who formerly agreed with him in opposing the
entire system. The gentleman, to be sure, told the
committee that the eXigency had arisen, and that spec
dy relief was indspensble that the Governments draft
had actually been protested and that the Treasury must
be relieved and that without delay. Who could forget
with what pertinacy from day TO day. aud from week
to week at late session Of Congress, the Wings had
resisted this cxpcdicnt for relief! And not tale e
qualy pathetic that time sounded in their ears by the
then chairman Of the Finance Committee, (Nlr JonesO
Had not that gentleman represented to Congress the dis
rcssng embarrassment Of the Ireasuyits urgent need
tho pressing necessity Of some Of relief? Yet
they had turned deaf all their cries although he
had doubt that the had been truly sta
ted. The Wings had steadily refused to grant rc-
lief in such form. and had embraced every oppor
tuniiy 10 record that determination the journals
by votes yea and nay. At every step the battle was
renewed. They first opposed getting the bill into com
mice and. when defeated in this by the suspension OF
the rules, they made fight again taking the bill into
the House then on the previous question: then on order
ing the bill to its third reading and again lis final pas