Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-31

\ esoutons were UNANIMOUSLY adopted, and the
House adjourned.
In the Senate, great numbers Of petitions on
the subject Of the Bankrupt Law still continue to
be presented, few suggesting amendment, or as
an alternative, repeal, but principally against the
repeal.
The Treasury Note Bill, reported yesterday by
Mr.. Evans, from the committee on Finance, wuh
two amendnens-one providing Tor Tie issue OF
new notes in place Of those that IRE redeemed,
and the other striking out the proviso that the
notes issued shall he in lieu OF so much OF the
Twelve Million Loan, was taken up, aud
MIR. Evans in his usually lucid manner, exam
ined the state of the finances, stating that there
was q present deficit in the Treasury OF more
than one million dollars, and showing that the
public wants for the year, not only demanded this
issue of Treasury Notes, but the remainder of
the Loan, nud urging The necessity of immediate
and prompt action to relieve the Treasury, aud
maintain the honor Of Government.
Thursday, Jan. 20.
.Sen1ie.-Foureen Senators presented petitions
in great numbers against The repeal of the Bank
rupt Law. A lew we're presented Tor the repeal
or suggesting amendments.
Mr.. Bayard expressed himself favorable to in
cluding Corporations within the provisions OF the
law.
Mr. Preston said lie had reconced himself to
the passage Of the law at the Extra Session, hop
ing tina, an essential alteration would lie made in
now against lis repeal, by which the fond hopes
OF many would be blasted but OH n point Of prin-
ciple he felt bound TO vote for the repeal.
The Treasury Note Bill was then taken up and
debated at some length, and with interest chiefly
in reference to the amendment reported by the
committee to strike out the proviso inserted by
the House that the Treasury Noes should he in
lieu of so much of the Twelve Million Loan.
Messrs Woodbury., Calhoun, King and Bucha-
nan, opposed the amendment rs adding five mill
ms to the public debt, advocating economy in
conducting the Government, and contending that
the bill as it came to the House-in which shape
it would receive their support-furnished sutfi-
cient present supply for the wants of the Govern
ment.-Mr. b. expressed his uniform aversion to
the issue of Treasury Notes, into which, howev-
er, he had been drafted from time TO time, and his
preference TO loan even at per cent.
Messrs Rives and Evans referred to the demon
stration made yesterday in the speech of the lat
ter that both the proposed amount OF Treasury
Notes, and the remainder of the Loan would be
necessary 10 carry on the Government; and yet
gentlemen allowing the immediate wants of the
Treasury, stopped to discuss the amendment in
sisiing on its rejection, which would amount TO n
repeal Of the loan bill and obstinaiely persevered
in their fnvorte course although they stopped the
wheels of the Government thereby. They called
on gentlemen to abandon that reckless policy to
unite with them, and adopting the amendment
10 afford the necessary supplies to Government
Mr.. Preston declared his intention to vote a.
gainst the bill, as he had uniformly done believ-
ing the issue Of Treasury Notes to be unconstitu-
Ional.
The amendment of tic committee was adopt =
ed yeas24, nays 81.
And the Senate ad journed.
House.-rhe Speaker laid before the House
several Executive communications among which
WIGS one from the President in answer to II resolu-
ton of the House, giving information touching
the American citizens captured near Santa Fe and
those exiled at Van Dieman's Land.
MIR. Bolts inquired of the chairman of the Sc
ect committee on the Presidents Fl: cal plan, Mr..
Cushing) when with any probability they might
look for report from that committee on the Fis-
cal Agent?
Mr.. Gushing said he was not able TO state as
soon instructed by The committee he was
ready to report. The committee were diligently
employed in maturing the subject
Mr.. Bolts was very glad to receive this nforma-
ton, as he had heard that probably the committee
would make no report at all.
The remainder of the day was consumed in
the presentation of petitions many of which
were against the repeal OF the Bankrupt Law, and
from New York, Connecticut and various States.
Many also we've Abolition petitions, on most of
which the question OF reception being raised, was
laid OH the table the reinalnder-the petitions
themselyes-the reception Of which could not he
prevented under the rules. were laid on the table.
MIR. Chtenden presented petition against the
repeal of the Bankrupt Law, the reference of
which he moved to the committee on the Judici-
airy, with instructions 70 inquire into the expedi-
ency of reporting Bankrupt Bill to include mon
ey issuing Corporations, and with such other varl-
atoms from the present law as the committee may
deem necessary. The instructions were agreed
Mr.. Roosevelt moved direct instructions of the
same character, instead of instructions of inqui-
md called The rrayinus uupstOn. This "a ms
not demanded by the House, and the petition as
giving rise to debate, was laid over.
Mr.. Slade presented certain Joint resolutions
from the Legislature OF Vermont, on the subject
of slavery, and demonstrating against any rule
impairing The constitutional right of petition, &c
Mr.. Slade moved that thar portion which re
lates TO the right OF petition be referred 10 select
committee, with instructions 10 report repeal Of
the 2lst rule.
The question OF reception was raised, and mo-
zion made to lay that question on the table.
MIR. Slade asked The yeas and nays; which
were ordered, and, being taken, were: yeas 81
nays 66.
So the question was laid on the table.
The resolutions were then laid on the table and
ordered 10 be printed.
Friday, Jan. 81.
!Sendte.-A great number OF memorials ON III,
subject Of the Bankrupt Law were presented by
sirteen different Senators n line tenhs Of then
tShohStohH6 oE"iHot "a IcpSu WV w
Phelps.
Mr.. Phelps said That, in presenting these me
MORALS, he would state that although his constu
ens fel. but little Interest in the subject and would
not be affected all by it, the memorials present
ed from Vermont and the voice of the State hat
been, SO far, without solitary exception, in fayo
OF the law. MIR. p. said he had not taken part il
the debate, for the that he occupied
somewhat delicate position in differing from hi
colleague, whose opinions he at all times respect
ed. Upon future Occasion lie would state h
opinions somewhat at large in reference to th
measure. His own constituents were not much
as any other people in The United States. ii,
should, however, deeply regret 10 see the Senate
OF the United States SO far lrde with its lcgsla
ton and with the hopes oil the People, expecting
and awaiting the benefits of this law, rs TO go to
repeal of the law. If, after more experience
the law should prove bad one, he would then
with The evidence before him OF its inefiiciency
go for repeal. But now, once for all, he would
al