The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-21
gmsmtp=seoemth Congress.
SESSION.
IN SENATE,

The PRESIDENT laid before the Senate the fol
lowing communications, via
l. From the President Of the United States. in com
pliance with resolution Of the Senate, containing the
protest of the officers and Of the brig Creole.
q From the Secretary of the Navy, enclosing the
report ofthe Commissioner OF Pensions relation Ia
applications for pensions.
THE BANKRUPT LAW.
Mr.. CLAYTON presented memorial from the
city of Philadelphia, proposing certain amendments
to the Bankrupt law and If they should not he made
that tie act be repealed
Mr.. BUCHANAN and Mr. STURGEON pre-
sented petitions of similar character
| Mr.. CALHOUN presented two memorials from
the city of New York, praying for repeal or modif-
| ton of the Bankrupt law
Mr.. CLAY presented petition from the city OF
| Philadelphia, proposing several amendments 10 the
Bankrupt law in which, however he did not concur
MIR. WRIGHT presented five several petitions,
one praying for amendments To, and the others for
| repeal Of, the Bankrupt law.
| Mr. BAYARD presented petition from the city
Of Philadelphia asking for certain amendments 10 the
| Bankrupt law, and if they should not be made that
the law be repealed He remarked that upon almost
all sides it seemed to be conceded that banking nsi
iuons shou d be Included in the and in his Cpl,
mon the power Of the Federal Government could not
be better exercised than by subecng these pefnic0us
institutions To the operations of the law when the
sword of justice lifted over them, they would be
| made to conduct their business ia such manner as
| would not prove injurious to the public interests.
Mr., MILLER presented petition, praying for a
modification repeal Of the Bankrup law.
Mr.. BENTON presented memorial asking that
the operation of the Bankrupt law may be postponed
for two years
Mr.. PRESTON, in presenting petition pray
ing for repeal of the Bankrupt law said that, al the
last session, he Ieconccd himself to its passage in
the hope that essential alterations would be made to
1t at the present session and with view to tins
state of things the operation OF the law was post
poned until the first of February next Notwuh-
standing there were special why the law
should not he repealedas they had offered relief to
an unfortunate class OF individuals who now
pressed down by heavy burdens whose hopes had
beea excited, and the cupwhch had been offered 10
their lips had been dashed from them at the moment
they were ready to drain its contents--yet, under
all these circumstances favorable as they were, he
felt bound point OF principle, to vote for the re-
peal of the law.
Messrs. BUCHANAN. MANGUM, TALL
i MADGE, BAYARD, WRIGHT, PRESTON,
WILLIAMS, RIVES CHOATE, and WALK
Err, severaly presented petitions adverse to pest
ponement a repeal of the Bankrupt law.
Mr.. BUCHANAN presented memorial from cit
liens of Western Pennsy yania asking for the dscon-
nuance Of the Sunday mails and that the post Offices
may not be opened upon the Sabbath day.
Mr., PRENTISS, from the Committee Pen
sions reported bill for the relief of Robert p. Lewis.
Mr.. SMITH, from the Committee on Public Lands,
reported bill to remove the office Of the Surveyor
in the Greensburg distinct in the State of Louisiana.
Mr. LINN from the Committee on Private Land
Claims reported bill for the relief Of Gregore Sar
; pey, or his legal representatives,.
On the motion Of Mr.. WILLIAMS, il was resoly
ed that the Secretary OF the Navy be directed to
port to the Senate the amount Of the pay and emolu
ments OF the officers and in the navy of Great
Britain distinguishing each grade and breyet in tina
service, for the year lS4l
THE TREASURY NOTE BILL.
The Senate proceeded to the consideration of the
bill authorizing issue of five millions of Treasury
notes. The question was, on agreeing to the amend
ment proposed by the Committee on Finance, to strike
out the proyiso declaring that the amount of Treasury
notes which may be issued under authority of this
act shall be deemed and taken in lieu of so much o.
the twelve million loan.
MIR. WOODBURY. said that, by striking out the
provisc, an additional debt of five millions would he
contracted, and which not wanted for the present
purposes OF The Government. The House of Repre-
scntatiVes who had the parse strings had refused to
grant this additional amount nine months be
fore 1t would be required, and he reason why
Senators should disregard the foresight evinced by the
House, and vote larger amount than desired by
that body and by the Secretary ofthe Treasury.
f Mr. CALHOUN remarked that there appeared to
be general disposition to relieve the Treasury, and
he deeply dcpored the causes which brought to its
present condition, and which he attributed To the pro-
ceedngs OF the extra session lie rose To make an
appeal tn the Senator from Maine Mr. Eyans) to
withdraw the amendment; for # he should persist in
IL the whole inject ofthe finances the country would
4 be forced upon them for discussion and ii not
to be disguised that he who voted for this five mil
hon loan voted for the estimates to the extent pre-
sented by the Secretary of the Treasury and by the
Senator from Maine; he who voted for the estimates
voted for the expenditures and he who voted for the
expenditures voted for increased taxation OF not only
hive millions now, but in future years and he who
did tins, without Justltiable reasons, voted more
less in favor of plundering the industry of the coun-
IN he fth lltgt,c. Ntl all,
Mr. EVANS observed that the Senator from South
Carolina had made an appeal to him not to persist in
the amendment as though the matter was under his
Mr. E,ANs's) control; but, being merely the organ
of the Finance Committee, he could neither amend
nor modify the bill The Senator had said that by
insisting upon the amendment the whole question OF
the finances would be opened for discussion. Now
he would ask, what propriety there would be
for such a discussion at the present time; and
why not postpone it until a more convenient sea
I som He was quite unfortunate Yesterday il
he dld not succeed in demonstra ing that the wants
OF the country would require not only the un-
taken portion OF the twelve million loan, but the
emission of the Treasury notes authorized by this
bill Pass the proySo, and it would be repeal OF
the loan To the extent OF five Millions but this he
hoped would not be done, as he was DESTROYS that the
Secretary might be enabled TO make his calculations
upon the loan, If necessary, means of providing
for the wants OF the Treasury during the year He
hoped that Senators would then, permit this bll to
pass they would inquest onably have an opportunity
on some other OCCASION to discuss the fiscal condi-
ton OF the Government to their hearts content The
Senator from New Hampshire Mr.. Woodbury. had
said that this emission OF Treasury notes would be
sufficient for the immediate uses Of the Treasury and
that the Secretary had not asked for more but
he would inform the Senator that the Secretary
OF the Treasury had asked for more in his an
nual report and had suggested that there ought to
be surplus of at least two millions to meet unfore-
seen emergencies IN the public service"
Mr. Cal HOLM sad tbat OH oJr,;t "a a.. Al
amount ~ the bill, as it came from the House was
sufficient to carry the Cove nment through the ne st