The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-11
1wemtgsAeothth Gomgrsss.
SECOND SESSION
IN SENATE,
MospaY, January 10, is42.

~ tha names of persons employed as clerks m that
Denartment in lsil, with the compensation oil each.
3 From the War Department containing sta'e
-, ~ contracts made by the various branches oil
,ha Denartment on behalf OF the United States, du-
'"s Erom the Secretary of the Treasury, in answer
10 resolution Of the Senate requesting INN 10 com,
municate a statement of the imports Of gold ana SUI
yer coin and bullion annually and as far back as he
records of the Treasury will permit the same TO DC
made up also the annual amount OF gold ana siiver
coinage in the mint and branch minis oil te ohi'eu
States since the establishment OF the mint aso ue
annual expectation of gold and silver coinage OF the
mint Of the United States with letter OF recapua-
ton, showing the aggregate under each head
A. From the War Department, in answer to the re-
solution of the Senate with regard to the NUMBER ETC
Of cadets at West Point.
& From the Treasury Department, in compliance
with resolution Of the Senate, in which II Is stated
that the public debt the I'D Of December, io4i,
ION account Of Treasury notes, dep's oil inc unso
cities of the District of Columbia assumed py ue
limited States the old funded and ununded DEBT ana
mart of the twelve million loan,) was $l4 72o,Ooo
9 and that the Sd Of March last the debt on the
same items was SS,379,059 81
g. Also. from tie same Department, in compliance
with resolution OF the Senate ofthe Sd OF March
last COMPRISING q statement Of the names OF persons
10 whom the military land scrip has beeni ssned
Mr. DIXON was, in consequence of i'll health, ex-
cusel from serving upon the Committee on Revou-
tionary Claims.
THE BANKRUPT LAW.
Mr. BUCHANAN presented memorial from the
Board of Trade ofthe city Of Philadelphia, requesting
that the Bankrupt law may be modified SO as not TO
sppv 10 any debts heretofore contracted and II this
should not be done that the law be so amended that
there may be discharge under it. unless the assets
of the bankrupt can pay fifty per cent in the dollar ;
and ii this should not be effected that the law be re-
pealeL altogether.
Mr.. WALKER presented numerous petitions from
the city Of New York, some protesting against re-
peal or Postponement OF the Bankrupt Jaw ana
others merely against the repeal He observed that
Mississippi at the last session Of the Legislature of
that State had instructed her Senators, and requested
her representatives to vote Tor the passage OF the BILL
and as these instructions had not been rescnded, he
considered that he was bound to vote against its
peal. He did not, however, consider himself bound
TO vote against any proper amendments which might
be offered to IT, and he should vote for one to include
banking institutions because he viewed such mea
sure as the most important Of the age he believed
that il was the battle field which victory was to
be declared either on the side of the banks of the
people; and he nothing in the Constitution by
means of which they could put these institutions
which were unable to redeem their obligations IN
state of liquidation and prevent them from deuging
the country with their rredeemable paper he thought
that this desirable end might be attained by an amend
ment of the Bankrupt law He thought too that by such
step the real exchanges OF the country would be
benefited But what was the meaning OF eX-
Why, il was nothing but liable of the depreciation
of bank paper On this principle, exchange between
two institutions situated different sides OF Chest
NUT any other street, might be nifty per cent The
true way to regulate exchanges, however, was to
drive the deprecated paper of the banks out of crcu
lation because if State required its banks to re-
sumo the banks of sister State might prevent them
from doing In three-fourths OF the States, the
banks had whipped the States into humiliation, and,
he had almost said degradation. There scarcely
&, xvhi e.
ceived, and large majority Of the States OF this
Union had permitted them to suspend specie pay
ments for four years. After the banks doing this he
wanted the country to whether they were to whip
the Congress of the United States. He would oppose
the repeal of the law but would contend that banks
ought to be included in its provisions and he thought
that it would be better to bring them under its opera
ton by supplement to the act than to repeal the
for repeal Of the Bankrupt law and petition asking
thai j, may neither be repealed or postponed
Mr. CHOATE presented petition, signed by fifty
merchants Of Boston, praying hat the Bankrupt law
may 90 into operation without delay also, the resou
tons Of large meeting held in Boston, expressing
similar desire.
Mr.. TALLMADGE presented the petition of w
p. Willard, and eight hundred others against the re-
peal of the Bankrupt law. He remarked that eighty
three of the sgners, who originally against the
passage of the law, were now in favor of it. Also
remonstrancs from citizens of Brooklyn against the
repeal Of the Bankrupt law and similar memorial
Mr.. BENTON presented five or six memorials
for and others against, the repeal of the Bank
rupt law.
Petitions also presented by Messrs. MAN
GUM, KERR, CLAY, WHITE, BATES, BER-
RIEN, YOUNG, SIMMONS, and HEN DERSON
demonstrating against repeal postponement Of
the Bankrupt Law.
Mr.. PORTER presented the petition of number
for the abolition of slavery in Florida and petition
praying for the abolition of all laws authorizing tn,
buying and selling Of slaves in the District of Colum
bia.
On the motion of Mr. MERRICK, the question o
reception was laid upon the table.
Mr.. CLAY presented petition from number o.
pilots engaged in the navigation of the Mississippi
and Ohio rivers, praying that Congress may provide
by law that person shall be authorized to perform
the duties of pilot, until previously examined and
testimony given that he is qualified for that occupa
Mr.. BERRIEN presented memorial from citizen.
Of Georgia, asking that fort may be erected Du
bois island in tina, State
Mr.. BUCHANAN presented the memorial Of the
Chamber of Commerce of the city Of Philadelphia
asking Congress TO make appropriation to pur
chase the edice occupied by the Bank of the ntet
States, for custom house, and stating that it nc
doubt could he purchased for wothrds Of the amount
expended for the erection of the custom house at
New York.
Mr.. BARROW presented the memorial Of the
New Orleans Railroad Company, praying that Con.
gress will remit certain duties paid on imported rail
road iron.
Mr.. BAYARD presented the petition of the w ash
ington Manual Labor School, praying that &C,
may be passed by Congress for its Incorporation also
the resolutions from the Legislature Of Delaware
passed at its session in l94l with reference to the
claims Of citizens Of the United States on account OF
French spoliatons prior to 1900. He remarked lha,
he would have presented these resolutions the extra
session. had not the business then transacted been de-
voted 10 subjects of peculiar character. As hume
rous reports had been made and several bills passed
he trusted that, for the sake of Justice this subject
might receive due attention The part Of the Sc
nate. st
MI. GRAHAM introduced bill to carry into ef
feet two resolutions Of the Continental Congress pro-
viding for the erection of monuments to the memory
ofGen, Francis Nash and William Davis which was
read first and second time.
THE CASE OF THE BRIG CREOLE.
NJ cal lOIIN srhnaitfod Cor