Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-24
a,rH coNcREss..sEcoND SESSION,
Corresponding aEMe Allas.

I..I
""u means, begged that the House, by universal
Cohseht' would permit him to bring up the bill for
me issue OF Treasury Notes. lie said that the
~, uU'ernnent nad exhausted the provisions of the
OH ISSUING treasury Notes Thai no warrants
could he issued, and that unless sneodlv amended
TO, nothing but bankruptcy and disornce WINS in
store for our National Government Ue bonod
no one would object He WINS disappointed how
lever-for Charles &. Atierton is never winning
when any thing however disgraceful. and Which,
no other member is low as to venture upon.
can be done to cause disturbance. As was 10 be
respected, he objected TO the attempt TO save The
nation from disgrace and immediate bunkruptcy.
Mr.. Briggs suggested that Mr. Fillmore might
oo'9In ms object by moving to postpone the regu-
Jar business of the day, which would require bur
a bare majority. He accordingly made that mo-
,'on' which prevailed by large majority. Ayes
145 noes A.
The House then went into Committee of the
"noie, M Hopkins, of Virginia, in the Chair.
! mr' wise, thereupon, backed square out of his
motion IN reference to the Distribution Act, but
The motion was renewed by Weller, of Ohio, who
made violent speech in its support. Profit fol-
lowed, with speech, in II similar strain. The
Chairman decided that the motion was out of or.
der.
McKeon, Of New York city. ,o,k an pppool
from the decision Of the Chair. lie made weak
and twaddling rigmarole IN support Of his appeal
and was followed by Clifford, Of Maine, in sim
liar strain.
After an undressing discussion of the ques-
tor Of order, the decision of the Chair was st,s
tained by n vote Of 90 t. "a.
| MIR. Cooper of Pennsylvania then mnde n
speech OF about an hour in length, strongly in op-
position to the issue Of Treasury Notes lie was
followed ny Mr. Profit, in reply, who was parc-
ulnrly unfortunate in the manner in which he de-
Tended The lssue-taklng upon himself to sneak in
behalf OF the President, in manner which
brought down upon him the most singing re-
Dukes of MIR. Marshall, OF Kentucky who follow
ed Mr. M. spoke in strong terms of opposition
| to Their issue, under any considerations
| MIR. Underwood next obtained the floor bur
modc why on motion for ad Ournment.
oenote-Ihe morning hour in the Senate was
| occupied as usual, in The consideration of BUSH
ness oil miscellaneous character.
After the hour had expired, Mr. Evans. of
Maine, having the floor, upon the question of the
reference of the report Of the Secretary of tho
Treasury upon the Fiscal Agent, rose, and made
mn excellent, able, and concatory speech upon
the subject
He began by saying that it was with feelings of
dlfhdence TINT he approached question surroun-
died with SO many difficulties. He had serious
doubts ms TO the expedency of the present discus
sion upon The mere question OF reference Some
thing must he done, but there had been no agree.
ment upon the means for attaining the end in
view There had been vast deal of good I'D
vice, but, unfortunately uone Of it applicable for
good i'll the present question. Mr.. Woodbury.
had said good deal about economy, both public
and private. Now all this was very well. But
would this advice do any good would any one
take il? MOI The people did not ash Congress
Tor advice, but for action-ior Government ac-
ton.
The opposition Senators had taken the ground
that Government must keep still and do nothing.
unless 20 back TO the old rejected sub Treasury
! His political friends did not hold TO such views
They hold that it is the duty of Cover nment to
regulate tho currency. They believe that it is not
unconstitutional 10 discharge that duty.
MIR. Evans said he had no expectation that the
proJee! of the Secretary would be adopted in its
present form. He did not desire my such result
But he could not see the policy of the course the
discussion had taken He regretted it, for he
could see no good TO be derived from the severi.
~ of the denuncalion with which the plan had
been assaied on mere question Of reference
1t was not his intention to discuss The present
plan, as others had done, by detail b.: 10 ,,o;si,i
say this much there were some things in The
pan winch ne thought well of in the present E.
mergency. There were other thing which he did
not think so well Of Some were impracticnble.
Others, as had already been shown were danger
Gus. These dangers, however had been much
exaggerated. All the evils which the Imagination
can think Of have been accumulated. and thrown
upon ms pan. But as II happens very many of
these evils are OF the most contradictory charac-
ter Some gentlemen have contended that the
institution will be most dangerous from its enor.
nous powers, while others insist that it he'd not
power enough but that from this deficiency of
power, 1t would run down in few months. One
Senator, Mr. Woodbury., had even objected to il
that II would not be able to do one fifth part of
the Exchange business of the country. Mr. Ey-
ans thought so too. But he did not look upon
ms as IN reality serious objection. Il was new
err intended, so far ms he had ever heard that
such mn institution should do the whole bushes in
Exchanges, that it should monopolize The whole
business.
MIR. f.. said he could not see the business of this
or OF many oher objections that had been urged
against the present institution. He was by no
means its advocate. But he did not agree with
the correctness Of these objections For his mart,
ne would only say that he regarded The plan be-
fore The Senate as one of mingled good and bad
II The good had been exaggerated by its pro-
Jeciors, so too had is evils been much more ex.
afgernted by its opponents. Good prevailed over
the bad good, because we cannot get better.
MIR. Evans desired to look into the question as
he hoped many other Senators did also with the
sole object 10 ascertain in what manner benef-
elal end was best airnnable. With this view no
would examine some Of the objections that had
been urged TO the institution proposed to The SEN
a'e. lie had been, from the very beginning,
friend of n bank of the United States He was
so SILL but he had been, though reluctantly, forced
10 TIT CONVICTION that such an institution was en-
ilrely unaitanable The question now arises,
snail we then, because II is unallanable, abandon
every thing?
W. Evans then took up, one by one, the objec-
lions which had been urged against the instu-
ton' ana showed in many instances they had been
urged with more than the truth would warrant
II WINS Lot that he favored The institution for he
had himself objections to some of its features, but
because all, or nearly all the same objections,
might he urged against every institution of the
kind that could he devised # was OH this ac-
conn aud because he hoped the committee could
suggest some Institution less objectionable than
the present one, that he would not urge these oh
Jectona More stress, Than he thought WINS war
had been laid upon its being a Govern
Inent bank. Any institution of the kind must be
carried onby human hands. This was inevitable.
Like all human institutions, il must be liable to a
buse. 1t was impossible that any thing should be
devised 10 execute itself without the aid OF hui
man hands. Government must ever, oil necessity,
lie IN the control of agents, subject to human