The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-01-26
CONGRESS.

the Bankrupt Law. This is the only subject
which engages the particular attention of the
Senate The Treasury Note Bill, which passed
the House last week, has not yet been brought
up for consideration. - * -
In the House of Representatives, on the 18th
inst the bill repeating the Bankrupt Law was
passed by vote of 126 to 3d. The National In
telhgencer, of the 18th, expresses the belief
that the law will not be repealed at this session.
But from the following paragraph, which we. find
in the Alexandria Index, of the Goth inst. there
appears strong probability that it will be re-
pealed:-. -.
We understand :.bat Kentucky has instruct.
| ed her Senators to vote for the repeal of the
Bankrupt Bill--that Mr.. Morehead will obey,
fandthat Mr.. Clay will resign. We further un-
derstand that the Senators from Virginia will
feel bound to vote for the repeal, and that the
Indiana Senators will be instructed to the same
effect also; but whether they will or will not
obey, is another natter Taking every thing
into consideration, and looking at the matter in
every aspect, we come to the conclusion that the
Bankrupt Bill will be repealed in all next week,
and that the President will sign the bill. -
Another proper Bankrupt Bill may be passed.;
but must be made for the whole people, and
not for a few, andinclude rotten corporations as
sent one is like an old leaky brass kettle. It
will be better and easier to make a new one
than to patch the old one. -s>- &,
The following Resolution was introduced by
Mr.. Allen, which was read and ordered to be
printed: !, - e.,
RESOLVED, That the Secretary Of the Treasury
l.be directed to inform the Senate, as soon as
practicable, whether, in his opinion, the Govern
ment can, in the present exigency or it's fnanci-
al affairs, be carried on, without either recalling
to its service the revenue derived from the sale
of the public domain and which, by an existing
actis set apart for distribution to the States; OF
without drawing from the people, in addition, to
their present taxes, an amount equalt to thatreve-
nue.; and in consequence of its distribution, by
means of increasing the taxas now levied upon
them, in the form Of tarffduties or, byimposing
: a new and direct tax upon them; or, by. borrow.
ing upon their credit, in the form of direct loans
or of Treasury notes, to be paid eventually out
of their labor and property. And if, in his opi-
Mon, the Government cannot be so carried on,
without thus recalling the land revenue; or in
creasng the taxes; or the loans to an amount
equal to that revenue, and in consequence Of its
distribution, then which of those alternatives
will, in his opinion, be the most economical to
the people: the recall of that trevenue the taxes,
or the loans? Also, that he be directed to lay
| before the Stase the estimates, and the reason
upon which such his opinion may be founded.
THE MAGHoL1A-We have too long neglec-
ted to notice the December number of this de-
lightful Southern publication. 1t has been on
our table for some days, and ought to have been
acknowledged in our last The high character
which it has made for itself, is eminently sus-
tanned in this, the last number Of the volume
Ali the serial tales and essays have been con-
cluded, preparatory for the commencement OF the
present years publication. In the number be-
fore us, the story of Myra Cunningham, by the
author of the Packolette, papers, is concluded.
1t is full ofthrillng interest, detailing the bloody
scenes of onr revolution in the South.
The editor of the Magnolia proposes that if
one thousand additional names are placed to his
subscription list, to secure the services or Mr..
s1Mms and another eminent literary gentleman,
in the editorial department, and we sincerely
trust the addition will be made. lis now, equal
IN point of talent, with any of the periodicals Of
the day, and with the aid proposed, would take
its stand in the front rank of American Litera-
ture.
Since writing the above, the January number
of the Magnolia has been laid upon our table
This promptitude in the beginning OF the year
promises well for its future punctualtty Ihif
number is much enlarged, and otherwise great
ly improved. Its literary contents are OF the
highest order of merit; among its many contrlbu
tors we uotice the names of w. G. SIMMs,
NJ CHARLTON, R. H. WILDE, and many others
whose talents would give eminence to any lite
rary enterprze. We wish the Magnolia abun
dant success.
The LADIES CoMpANIoN.-The January mum
her of this beautiful work has also remained un
acknowledged too long. Its pages are, as usua
richly stored with interesting matter, and il
embellishments Of the highest order of art. Ih
present number contains two elegant steel el
9 cravings, "Madge Wildfre" and "View
: Baltimore" The latter of which is exquisite;
!. also brings the latest Fashions, and piece