Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-18

The Senate then adjourned 10 Monday, wtho ut
taking the question on MIR Simmons motion
HOUSE OF REPRESENTATIVES,.
The journal of yesterday was read and approved.
| TAKING BILLS OUT OF COMMITTEE.
| Mr. SrANLN gave notice that he should. the
| first opportunity, move so 10 amend the rules as TO
! allow OF maJority's taking bills out Of the Com
mlltte cf the Whole.
| MIR FESSENDEN said also, ii the gentleman
should fail TO do do so, he tAlr F.l would not.
THE ONE HOUR RULE
! Mr. G DAVIS gave notice that he would hereaf-
ter Introduce resolution. 1t no o:her gentleman did,
! 10 re establish the one hour rule.
| tCrles Of zone hour and a half" and ooh, the
! -. law again" TRY it," Sci
TREASURY NOTE BILL.
| Mr. FILLMORE submitted his resolution again,
fixing O'Clock as the time. when the bill should be
taken out o. Committee ana acted upon. Objections
! were mide.
MIR F. moved suspension OF the rules, and upon
this the yeas and nays were taken, md the House
refused by ayes lI9, noes 66 So the resolution
was Iost.
Mr +. then moved postronemcn; If the orders
/ Of the day. 10 go into Committee OF the Whole
which mo:inn was carried wilhou. division.
Mr. HOPKINS, OF VIcsinia was then called to
the Char.
! MIR UNDERWOOD asked the Chairman what
sdtjeti was now open 10 teblte, and was answered
1
men; ci Mr. Arnold, Of Tennessee, which provides
that Treasury notes "niy be issued OF any deGomi.
nation not e,s than five dollars"
| Mr. ANDREWS objected to this dec sion, but
| The lious' without, division, sustained the Chdir.
| Mr BRONSON then moved 10 strike out the
enaciin. clause of the Sill.
! Mr. J. z. INGERSOLL, OF Philaielpha, then
took the floor, tor the purpose, he said, at sustain
! ing The committee IN their report. lie was not the
advo,a'e but the apoIogsi, OF the course proposed
| by the bill.
While the House was divided in sentiment, as to
the proper mode Of raising funds. the Government,
was suffering from delay. The Committee Of
! Ways and Means had informed the House how
/ nwi.!nsly hoy, or At c s. n majority n them,
had come 10 the conclusion to report Bill under
oa.iierliior.- Committee would have p efor.
red Loan, and II was not uu;ii necessity had
shown that the measure uovs proposed, was the on
y alternative left, to the credit Of the Govern
men' ftom d.shouor, that they had CONSENTED to
| ask tor the issue o. Treasury Notes.
| Mr. l. then brl- ily examined into the constiiu
'nal power for tuis emission Of Government notes
and said that Il would he difficult TO find resting
| place IN the Constitution between the power TO
| pay debts" and that to "borrow money" where
! this power TO sue these notes did not exist.
| A''cr insisting viii much iervor, that every prin-
eipe OF power. justice and right reason required the
| passage al the Bill, MIR !. closed with renewing
the amendment Of MIR Arnold, which provides that
these notes may be issued Of as low denomination
as five dollars
! Mr. GlLMER next took the floor and entered
/ in'O minute detail Of the expenditures estimate
/ and appropriations Of the past session. and past
/ Congfcss-lle would no; stop 10 examine the
property oi macy OF these proposed appropriations
now was not The time 10 DO this; Tor all necessary
expenditures he would a. ali times cheeriuily give
/ his vote, and would waive the consideration OF the
prorr.ty OF these appropriations noe; but Ivy
voting now 10 empower tho Secretary cf the Trca-
sury 10 borrow SD much moe than actually
needed, we were IN fact sancuonlng these appro-
| print ons 10 advance.
| Mir q concluded wi,h insisting upon tho neces.
s,y for retrenchmcnt IN al. tho branches of Govern.
men'.
/ Mr.. c. iNGERSOLL took the floor next; this
i gentleman began 10y compmenting the Secretary
/ oi the Treasury ~hO he had long knOwn, and who
/ he doubted not capable Of having written the
/ report, which was made upon the Exchcquer plan or
any other report Of equal oiity. He dSc.amcd any
di'respec Tor h't officer but dSeit with much rid.
cue upon the IDEA Of there being any necessity for
this particular form of procedure IN prov ding for the
wants Of the Treasury.
/ There was no scarcity Of money h. said. md il,
was an axiom with the Rothschiis that there conlj
he no such thing this he fully believed. There was
money enough u the country, and all that was
wanted 10 bring u gu, was security.
Mr.. l. was particularly sarcastic upon the letter
which had been read from Prime. Ward ond King
which stated that money could only be obtained at
an additional a'e Of interest. II is the business of
brokers sam Mr. j. 10 get all they can IN the shane
NJ interest, whether Z, or ~, pr 70 per c but he
would venture To declare th,t 1t he himself were
. authorized to borrow money for the Government, he
Gould 60, "e much 7s wns needed. unou good secu.
f. riiy, ~ per cent. Money was not scarce the
country WIS not bankrupt. he said, and, al this
moment money was aburd mt in his own noigi Dor
hOOd--yOu cou.d get rs much as was desired, upon
bond and mortgage, OF SIX per cent lie could
name an individual, not hif a mile from his own
residence, who would be glad to put down mil
lion, or two million no Government stock propcfly
secured. Mr. !. would not vote for the bill for the
reason that no security was provided for the pay
men' Oi these notes.
Mr. EVERETT Of Vermont, followed next, bu,
~ so low voice That the reporter could only catch
here and there, his sentiments. lie was understood
10 llsiy Tie proposed upon the ground Of nc
c@'i'y, which, lie hoped, would cease with this se5.
After MIR r. hnJ concluded, motion was mod,
that ihe committee rise. Teiers we're appointed
and the vote announced was tic--5s to g.
Tho SPEAKER then took tho chair, and foportct
TINT no quorum bad appeared in committee.
= motion - adjourn was hen made, AMI decided
I IN me negative -yels -, nays 81
So the House refused u adjourn.
J., Bot quorum being now present.
ut The CHAIRMAN resumed his sen, IN Comm,
tee Oi TIC Who.c ON TIC state ol tho Union fwhis
=. a number Oi the memJor5 who had mad, he ouo
- rum and he'd voted against the adjournment. pu
70 on Their c'o1k7 and hsts and eft the HALL
d Mr. BAENAl,D said 1t had occurred 10 him
% while thc gentleman from PhlladcIphia (Mr C.
n lngetsOl) who last addressed the committee ,Va
~ speaking, how much they who wcrc I'm the Opposi
70 ton 90 this House duuog the last Congress. rnipl
in hive Gained f II hld 30 happened IN It that gentle
man had succeeded IN the earnest and s,rcnuou
GDu which he had made to become member ,
" ibis House ot thni Congrcss. f. would be remen
N uercd Ivy those now here, and who then were her
thl, boz The course 81 hat Congress they had Nv
Of proposition brought forward fnr the issue Of Trea
,o sIfY No'cs, which were supported az thnt day b
IN The entire voieo ond vote OF the then Administrao
ptry. Tho gentleman had now offered an arc,
- mcni ogoins, the issue Of Treasury Notes, ever
part oi which would have been as applicable the
MS now, and which, perhaps, might not have failo
% 10 convince, ns other arguments did fiil to convince
" The party ~l,h which the gentleman now acted, IN
h. would u en- have acted, of tho improprlety of IN
he policy Mr. y. then went on to state his reasons Il
10 opposing the bill.
Before Mr. u. concluded, he gave way, and NJ