Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-10
nth ooNGR Ess..sEooND SESSION.
MONDAY, Dec. 81, 1s4l.

MIR. Wright, from number Of merchants of the
city Of New York, esking that the operation OF
the bankrupt law may be postponed for two years
from the 4 st Of February next Mr. w. said the
memorial was signed by several of the most re-
spectacle firms in The city, who placed their rea-
the single ground that IN this time OF gem
eral depression and embhrrassmen so large
quantity of assets will he thrown into the market
to amount almost to the entire sacrihce OF the
creditors. 1T was also signed by five OF the banks
of the city, viz: the Bank OF America, Mechan-
les, Lafayette Merchants aud Phenix
Mr. Benton subsequently introduced bill to !
postpone some OF the operations of The bankrupt
law. He denounced the law MS unconstitutional,
and calculated to promote profigacy and immor-
alily he was replied to by MIR. Henderson, who
yndicated the law. The debate was continued
by MIR. Calhoun, who denounced the law as most
Unconstitutional, and il would only he made more
so by including Banks in its operation.
In the House the Tariff discussion WINS resum.
ed. Mr.. Weller went only for such duties as the
Treasury required-was against protection and ia
favor Of the reference TO the Committee of Ways
and Means. He also vindicaed and eulogizod
the course Of President Tyler MIR. Christopher
II. Williams followed ia n manly Wing speech, in
which, without harshness TO the President, he ex
bibited his unlaithiuness to the party that placed
him in power, spoke Of the Exchequer as Gen.
Jackson's Treasury Bank in a worse shapc-a
scheme that formerly found no favoc with any
press, or any eminent public man, but which now,
for cancellations sake, he said, the country was
asked to adopt. He knew not how others might
&C, in the matter, but for himself he meant come
what might, to stand by his principles. Advert
ing TO high protective tariff, ho said nobody con-
tended for IT, and that II was clear ialsehood TO
assert that the Wing party contending
for such policy. For discriminating duties men
of all parties, except ultra free trade men, were
willing to go.
Mr. Hudson of Massachusetts,, followed with
ifaI in fap ,f fnntt and
showing by actual facts that the encouragement
heretofore given to our own industry had actually
reduced prices
He argued the question as one in which The Ia
borers Of the United States were most emPhatical-
ly the chief parties interested, aud if gentlemen
would have parties on this matter, the true parties
were "the laborers against the ders."
Mr.. Hudson spoke till the hour of adjourn
mont We will hereafter give extracts at least
from the report of this specific. day we are un.
able to do so.
TUESDAY, Dec. %.
Senate The President Of the Senate present.
ed memorial from The An-Slavery Society Of
Pennsylvania, asking Congress TO take some steps
for the removal Of the seat of Government 10
some town West, or TO some non -slave-hoiding
State.
The motion to receive ordered TO lie.
AMENDMENT OF THE CONSTITUTION.
Mr.. Clay gave notice of his intention 10 intro
duce three joint resolutions for three separate a
mendments of the Constitution LIST, 10 limit, and
restrict the veto power, Cd, to transfer the appoint
ment of certain officers from the Executive to the
Legislature, md Sd, to prevent the appointment OF
any members of Congress during their term OF
service. lie said there 4th, that of limit
ing 10 one term, which had been undertaken and
was in the hands of friend not then in his plat e,
(Mr. Talmadge) which no doubt would be per-
severed in-he had not included it.
TIE BANKRUPT LAW.
The bill to postpone The operation Of the Bank
rupt Act, having had its second reading,
Mr.. Berrien moved to refer it to the Committee
OH The Judiciary.
Mr.. Benton did not think it necessary 10 refer it
TO any committee. II could remain on the calen-
.lar to be acted on without undergoing the formal
,tles of being sent to a committee.
Mr.. Berren insisted that the Bill ought TO be
submitted to the satne reference as had been the
petitions fran various quarters relating TO the post
poEement Of the law.
MIR. Calhoun hoped it would not be referred
the subject very important one and requir
Ell early consideration The object Of the mover
was that the bill might be suspended, with view
TO its repeal or amendment. lie thought there
was great reaction in the public mind. The
bill had been passed precipitatedy. and without
being duly weighed. He did not desire to oppose
the reference if he could be assured that there
would be report at some early day.
Messrs. Henderson, Preston, lallmadge and
other Senators also spoke OH the question of ref
erence, which was decided in the negative Is 10
25
So the bill will sand on the General ORDERS to
be taken up in turn, or have discussion fixed for
some given day.
House. Mr. Hudson, of Mass, resumed and
concluded his remarks commenced yesterday, on
the general subject OF protective policy.
"One shirt" Burke of N. H.. also read an anti
Tariff speech, Eastman of N. H. was speaking
on the same side when the House adjourned.
Wednesday, Dec. %.
In me Senate today, Mr.. Ciny, pursuant 10 no
lice OF yesterday, nsked eav to introduce three
Joint resolutions, amending the Constitution of The
United States, by restricting the Veto power, by
vesiing in Congress the appointment of the Sec =
rotary of the Treasury and Treasurer of the Uni
TED STATES; and preventing members of Congress
from accepting amy civil appointment under the
United States Government during the term for
which they elected. He said his object in
Introducing these resolutions was the reduction of
Executive patronage within proper limits, to
which the Wing pnrty had pledged themselves
hefore the election in November last On his
motion, the resolutions were twice read, ordered
TO be printed, and made the special order for the
18th January next.
Bills granting pension to David Walker, and
establishing an additional land district 10 Alabama
were read third time and passed.
MI. Preston moved TO take up from the table
the report of The Secretary of the Treasury rela
tive to the Board OF Exchequer" lie said they
had failed last Session TO establish plan of fin
ance; the pecuniary necessities of the country
now demanded that Congress should do some.
thing. He hoped the difference of opinion be-
tween the TWO Departments Of Goyernmet would
be reconciied, aud some plan this Session be ad.
opted Unquesiionubly the plan submitted was
sound and strong one. as well as novel in many
particulars, proposing an alteration of the Treas
ury sytem There were some defects of great
magnitude in it, lie hoped in the present dis
tracted state of the finances they would forge,
party opinions. would compromise and 60 for the
suffering country alone.-The report was, The
motion being agreed to, taken up.
Mr.. Iallmadge moved it's reference to Select
Committee OF nine to be appointed by the Presi-
dent Owing in Part to indisposilion, he deferred
remarks at present