Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-08

u
Another Important enquiry Isl shall We endungcr III
SUCCESS of the measure by making SUCH All ALTERATION
. trust not In carefully looking over The Message
the President, find that he enoins II upon Iohs,Ts
to relieve him from controlling power over the public
treasury and il in this plan which he proposes that Sc
partition is not complete as we desire, TO amend IT.
. There is nothing the Message which shows any ohe
thpn desire TO be freed from this control or To CIV
# reason to doubt ITS sincerity u a'scia' an ues,'e 10
f any other control the public moneys than what
. INDISPENSABLE 10 execute the laws There is nothing
then in the way Of this alteration OF the plan wlicl
endangers its success, if Congress can make IT, lhr
difficulty removed, the powers proposed !" BE sVef
and exercised by the Exchequer sufficient 10 give re
e lief
1t to receive deposes to issue paper al all Tunes
convertible into specie and receivable Tor all uoFern
men dues as currency, and II IS TO deal IN bills OF ex
change II is clear that these are to be It's powers and
we ha 90 M doub Of the power of this Government to
confer them on an institution properly constituted
We believe these all necessary to the successful carry
ing on Of commerce between the several States II was
asked by the honorable Senator from Pennsylvania (hlr
Buchanan where was the power Tor DONG
this, Ii only necessary 10 refer 10 the unanswered,
if moi unans cradle argument of The honorable Senator
from Georgia (Mr Berrien al the last session upon
that point.
If paper can be circulated for currency, under the
authority OF this Government without capital III the
institution which is to redeem il, it can certainly Le
done with capital. Such capital may be raised a.
we'll and think better the present condition oi the
country by depostes than BY subscription to stock
The Exchcquer is to receive deposites from indiv
duals in the ordinary way OF deppstes; they may be
temporary or permanent. We not obliged 10 pro-
vide that the People must pay for making deposIte
and taking certificate to enable them TO take the mo-
ney from the same place. They may be allowed to
make permanent deposiles for The Of the institution
and be PAID tor the Of their money by the Insti:u
ton III paid certain rate per cent (and the balance
20 the Government and that rate m,de to depend
upon the earnings of the ins,,u'ion which would de-
pend upon It's good management, individual inter.
est would be created in lis concerns which regarded
as essential 10 the prosperity Of such institution,
and which would make the owners Of certificates Of
permanent depostes proper and safe persons appoint
portion Of the board Of CONTROL having the Secretary
and sufficient others associated with them 10 guard The
interests Of the Government.
have thrown out these suggestions OF various
dicatons which be made TIE plan, for the pur.
pose Of showing that they may be made without con-
lcting with the constitutional power which authorizes
their exercise in the form in which the plan presented;
and that may have the relief designed 10 be given
without breaking down those barriers which sup
posed to stand between liberty and desposm.
/ ii this is correct and the plan has within its scope
sufficient for permanent relief, should use every
exerton 10 make practicable and safe if not
der the control of The Executive it will be under that
Of the People, who may have permanent interest in
its good government. All have agreed that 1t ac
complish much good The honorable Senator from
North Carolina, (hlr. hlangum,) admitted this, and
said that il the Fiscal Corporation moved under
the Treasury building. Move It back, then, to the
l'eope-it could not change its usefulness. Some
have insisted that its powers too exensiye-if SO,
restrain them.
had intended, Mr.. President, 10 have made some
references the report and message show that al
tcrations in the plan conem plated, clearly in
dcaet in them but shall not do so. My purpose Will
have been answered if the suggestions | have made
shall induce honorable Senators TO turn their attention
TO II with view Of seeing what safely be made Of
il for the relief of the country.
MIR. WOODBURY. (Ar. Simmons having conclu.
ded) rose and expressed desire TO gay something upon
the subject; but, the hour late, adjournment
was moved and carried
And the Senate adjourned
HOUSE OF REPRESENTATIVES,
The Journal of yesterday having been read,
Mr.. ADAMS rose and moved TO amend it TO-
lows: THE Reporter takes the motion from the Jour
nal
"Strike out the instructions from the Journal of yes
terday his motion Of December IA, as MIR. A. says
he withdrew the instructions and only moved 10 refer
the Speaker having stated that day, the instructions
were not in ORDER except BY general consent, and alr
Cave Johnson having objected thereto
long discussion followed, involving the facts and
the personal recollection Of members, in which Nessrs
Adams, Hopkins, Cave Johbson, Salionsial Kennedy
Of Indiana, Briggs, and Meriwether participated
When MIR. MERlWETuER moved to lay the
amendment on the table.
Mr.. ADAMS called for the yeas and nays, which
were ordered and, being taken, ieas99 nays7S.
So the amendment was lad on The table.
Some ex lanaiion of personal character here took
place between Mr. Profit aad Mr.. Arnold, with refer.
cnce the remarks of Mr. A. yesterday, and published
in the National ln,elgencer, and gave rise 10 brief
conversation by several members and the Speaker,
which was interrupted by call from
/ Mr.. BRIGGS, for the orders of the day.
The SPEAKER stated the business before the House
TO be the question the appeal taken yesterday by
the gentleman from New York (Alr. Bowne) from tile
decision Of the Speaker: [by which decision the ques
A.
OF Mr. Arnold was ovcrrued, and Mr.. a. permitted 10
proceed
The appeal was briefly debated by Mr.. GENTRY,
who appealed to the justice of the House TO allow his
colleague (hlr Arnod) opportunity Of replying TO
The remarks that had been made by the gentlemen from
New Hampshire, (Messrs. Eastman and BurkeD whose
speeches. although out Of order, having been allowed
by the House, an opportunity of reply which would,
from the necessity Of the case, also be out Of order,
should be given 10 his colleague.
MIR. HOPKINS was about submitting remark, when
he yielded the floor, and
/ TREASURY NOTES.
Leave having been granted, MIR. FILLMORE, from
the Committee of Ways and Means, reported the fol-
lowing bill:
A ELL 10 authorize an issue of Treasury notes.
Be II enacted &c. That the President Of the United
States is hereby authorized Treasury notes, in
lieu of those heretofore hereafter redeemed, to be
issued for such or sums as the eAigences oil the
Government may require but not exceeding the sum
of five millions OF dollars OF this emission outstanding
at any one time and to be issued under the limitations
of other provisions contained in the act entitled Gan
act 10 authorize the issuing Of Treasury notes, ap.
proved the twelfth Of October, thousand eight hun
bred and thirty seven, and modified by an act entitled
An net additional 10 the act the subject OF Treasury
notes" approved the thirty first of March, thou
sand eight hundred and forty except that the authority
hereby given 10 issue Treasury notes shall expire at
the end Of year from the passage of this act no,
sooner terminated under the proviso TO this section:
.J.I Thaf nj har civ I'm IS1u
Treasury notes shall and determine
the loan authorized by the act of July twenty FIRST
thousand eight hundred and forty.one, which may
be authorized by any other act shall be negotiated and
rendered available.
} Mr. STUART, of Illinois, moved TO lay the bill on
the table.
Mr.. HOLMES asked leave at this time to presen,
certain petitions