The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-21

ian possible 10 negotiate the remainder of the loan.
What then, was left hut resort 10 an issue of Irea
stry notes Yet while the honor of the Government
was at stake, and the just claims Of il creditors
be discharged without delay, gentlemen came forward
aud proposed a new question: as much a 10 say, 1--WE
have YOU in situation IN which we wall prolt by
your Distress and stop the wheels OF the Govern
meBtn
Mr. CALHOUN observed that his friends
willing 10 give the live millions of Treasury notes
Mi RiVES understood perfectly well what the
genie men said and remarked that the proyiso TO the
bill did ia effect repeal tie loan bill To the extent of
the amount provided the ball before them aud that
4 was party thing, 10 obtain revenge for the pro-
ceedngs OF the extra session, and nothing else IL
seemed 10 him that the whole object Of gentlemen
to stop the wheels of the Government; To do that
which the honorable Senator from South Carolina
had oftcn threatened them with, by Withholding sup
plies, and forcing them into compliance with his
particular views. The whole effect of the proceed
ngs of certain Senators TO say, you shall mon
have solitary cent unless You consent To take back
the loan bill and ii gentlemen were prepared 10 90
in their reckless opposition and were wiling to
place themselves before the country wishing To de
stroy the credit OF the GJsornmeni he for one was
willing 10 take more honorable position.
Mr.. WOODBURY. said that he had remarked that
lac willing TO meet the requston of the Secreta
ry. But who stopped the wheels OF Government.
Did his friends iDterpose with that intention Who
did Who made the motion 10 strike out the proyiso,
and which retarded the progress Of the bill Who
threw in their midst firebrand for discussion Why,
i from the opposite side Of the Senate, where
the attempt was made 10 essentially change the bill
which came from the other House.
Mr. KING observed that they had been told lhat
his friends actuaied by reckless disposition,
rcvengeul disposition 10 undo what ably done
at the extra session but the Senator did not Instance
solitary point 10 prove that they had showna dispo-
stion 10 embarfass the operation OF the Government
They that the Government embarrassed IN
its circumstances AMI IL was their duty To provide for
It's wants and give means 10 pay It's debts and al.
though they had some objection to pass the bill IN It's
present shape, they we're prepared 10 take A. And
who was he who now came forward and who sad
that the representatives Of the people were acua,ed
by factious spirit IL the Senator from VIZ
ginia; and he called on hun TO say whether------
Mr. RlVES did not say that the representatives OF
the people were acuated by factious spirit; he had
cas-. no such imputation upon the motives OF gentle
men in the Senate or in the other House
Mr.. KING remarked that the pro,iso was adopted
by those in the House who wished TO keep the Gov
eminent within proper limits. He believed that with
suitable economy, the amount proposed amply su
fcient and also that it they confined themselves with
in proper limits the Government could be carried
without increasing its Indebtedness TO require
larger appropriation. lie believei that the provIsou
the bill was suggested by highmlndei Vlrginian
Mr.. PRESTON rose and inquired whether il WAS
in order to allude TO the proceedings Of the other
House
! Mr.. KING said that he was at liberty 10 do
| ,
that direct aluson to the proceedings Of the Ho,r
| OF Representatives was out OF order;
| MIR. KING asked, what said the Chair
The CHAIR replied, that il not IN order Is al:
ude to the proceedings of the other House
Mr. KING remarked that it might, with he same
proprety, be said, that he could not read the ourpa
of the House, and say that Mr. Gmer introduced
the proviso, and that il voted for by The plrttu-
lar friends OF Mr. Tyler, and others. But he ro,r 10
protest against any mputaton from any quarter that
| ~ w nrpm ed nv IlrIt1
spirit; they were acuated by manly and frank DIS
position, and would ever oppose any proposition 10
increase the debt of the country and unless The pro
yiso should be retained they Of opinion that NE
effects which they so earnestly deprecated would
tanly be produced
! MIR. RlVES observed that if gentlemen were 80
anxious to provide means for the Government why
not let the bill pass measure of supply, without
! insisting upon the proyso, which only complicated the
measure and let them meet the question in its naked
simplicity
Mr. BUCHANAN, for his own part was desfous
of furnishing the present Administration with the ne
ccssary means of carrying on the Government He
had been dragged along, from year to year, against
his Judgment, to vote for Treasury note,
as the condition of the country had been such
as to demand it He would much rather pro-
cure loan, if possible, at per cent, Tor then
the people would know their indebtedness, and
not be blinded as they by issues Of Treasury
notes. As the wants Of the Government were now
pressing, he was willing to vote for the bill but he
denied that rejection of the provso would be II
peal of the loan bill passed at the last session. ltwa
mere substitution of Treasury notes, for one year
for so much of the loan authorized by that act and
there would then remain million and half OF the
loan, which the Secretary might negotiate BY strik
ing out the proyiso they would increase the debt five
millions, and make the loan seventeen millions IN
stead OF twelve
Mr.. PRESTON said that he had ALWAYS believed it
to be unconstitutional to raise money in the way OF
treasury notes, and, therefore, had always voted
against the issue, and should continue to do 80
under any and every emergency whatever The
Convention which framed the present Constitl-
iion rejected the proposition to emit bills and sub
stltued another mode of raising the necessary sup
plies by taxes and by loans. He was not disposed
TO stop the wheels OF Government but would do
whenever they run counter to the Constitution, It,
was, however competent for Congress to make The
loan bill efficient and rather than submit to
constr utional and njudicious act, he would pay the
expenses Of the Government cut of the pubic purse.
Let them extend their loan for twenty years
terest OF sixteen or seventeen per cent ii necessary
| to make II available. lie would be winug
! to pass law reducing the expenditure one
thlrd and begin by cutting down the pay of member
OF Congress to two dollars day and il that vas
not sufficient he would disband their troops -da
! any thing to avoid this sad condition of tbfngs
which, II not improved, would. precptatc them into
further distress. lie would sustain the amendment
OF the Committee, but vote against the bill
| Mr. CALHOUN observed, that he and his friend,
objected to the amendment because it created "A new
loan of five millions of dollars they contended that
the amount proposed by the bill was sufficient and
said that, without the additional loan there would be
ample means TO carry the Coy crnment this wear
and leave handsome surplus and this could be done
without embarrassing the finances of the Government,
He asked whether this was a factious opposition 'o
not and he would say TO thr Senators upon the Other
side that they were responsible
The question was taken on striking out the proylso
and It was decided in the atrmatve--yeas2 "a nayS2
as follows
YEAS--Nlessrs. Archer, Bates, Barrow. B,yar,i
Berren, Choate, Clay Evans, Graham, Huntington
Kerr, Mangum, MerrIek Miller Morehead P0r en-