Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-15

,,;. n,orst,o,;s ,swe. Aad those Gentlemen who d'a
,h;s we're tAe advocates Of all chartered corporations,
mammoth monopoes, aud Of all great powers.
What, then, were the reasons why the Wings OPP
cosod ms bill He could tell the great reason 1t
,.,s hecausc came from John Tyler and The White
IInusc flc was unchartable enough to believe that
~. md this alone was the cause. Had Joi. i yler
Jod ~ ,cs;uoed there would have been such oppo-
s;,ion and If the President in addition to what he had
dam in supporting the Bankrupt bill, the Land bill,
and the Loan BILL ad gone one step 'u''"er, ne WOMB
Ina ye been regarded marvellous proper man. Here
NJ drew parallel between what he called the prin-
c;nlas and arguments Of Ttlebat Tltmouse and the
Who party reading paragraph or two from little
bai's speech IN relation to Parliament The Wing
Marty was the "Imouse party, and that should be its
nam, for embraced all the principles OF the party
anhod,ed in the speech which he had read. You had
nossed (said Mr. ). addressing himself 10 the Wing
Senators, YOUR Land bill, Loan bill, Bankrupt bill,
and YOU now have broke. You could not borrow
money upon Your own credit, or upon the credit
If The Government. You had spent money in
nine months than was ever spent in the time,
in any time of peace, III the history Of the Govern.
ment You promised to administer the Government
for ST. 900 000 and had expended more than 3OOOO,
900 We now found labor lower than ever before, wa
oes lower and State stocks lower also and these were
the fruits of Wing retrenchment and reform. You
had asked us 10 pass loan bill 10 pay off your debts
and you could not negotiate your loan. Your land
BILL il was whspe red also, would be repealed and now
YOU propose a tax Of four five millions more. You
deceived and betrayed the People and the People were
coming down upon You IN lhuncer tones. You could
not blame President Tyler for this You could not be
rn DO this And now, too, You had come 10 the IS.
sue of the long denounced Treasury notes. MIR. 5.
said he would conclude by saying that any gentleman
who went for the other two bills with very little
struggle could 90 for this. II had much less power,
and was much less dangerous. Mr. D sand he had IT..
sen as peacemaker, and content for The rler
encp and even for the measure those who had charge
Of the plan would make il what he wished ii 10 be-
The question about TO be taken, when
ilr BENTON said he should like 10 address the Sc.
nate upon the notion when
On motion Of Mr.. MOREIlEhD the Senate ad
journed.
HOUSE OF REPRESENTATIVES,
The Journal Of Yesterday having been read
Mr. FILLMORE inquired Of the Char what would
be the first business in order
The SPEAKER. Tire presentation Of petitions IN
der the suspension nf the rules
Mr. FILLMORE hoped the House would suspend
the further call for petitions and ix upon time upon
which 10 to decision the Treasury note bill.
lie moved that the order for receiving petitions BE- sus
pended. THIS motion being carried
Mr.. FILLMORE SAID he would now submit to the
House resolution for the purpose Of terminating the
debate on this bil! at II clock tomorrow.
Mr.. ATHERTON objected TO the resolution and
called for reports from committees. lie wished the
Committee the Judiciary to have an opportunity oi
presenting It's report oil Oil
act, in conformity with the order Of the House.
Mr.. FILLMORE observed that it was very evident
that report could not be be made to-day There was
report that had precedence OF IT. upon which debate
would mos, probably spring up. MIR. j. then moved
suspension Of Tie rules iur the purpose OF presenting
his resolution.
The question on this motoa was decided follows
yeas ~, nay %. So the motion carried, there
not being a vote Of two thirds.
MIR. FILLMORE then moved that the House resolve
itself into a Committee OF the Whole; which motion was
carried-yeas l0 nays ~; and Mr.. Hopkins OF Vrg-
MA took the Char, when
The House resumed the consideration Of the Treasu
ry Note Bill.
MIR. JOHN G FLOYD of ~ York, continued his
marks opposition to The bill from where lie left oil yes
erday, commenting the course OF the Wing Admins
raton from the time INTO power, and the nea-
sures they had passed through Congress In rela-
ton to the policy Of issuing Treasury notes, as the
speedy mode of relief, he thought that they would
not the purpose intended, capitalists would, IN
his opinion, prefer permanent loan, at SIX per cent,
for several years, 10 making investments IN Treasury
notes Tit intended that these Treasury notes were
to be worked Oft in payment Of the public dues-i!
they 10 be forced the public creditor, he was
opposed 10 il. The difficulty in negotiating loan was
in the form Of the security, would IL be altered
BY changing that form. 1ne money lender did not
doubt The ability of the country TO pay It's debts, but he
had good to doubt the discretion OF those who
controlled it. lie had seen the party III power divert
from the public Treasury money that had been placed
there By III" people TO pay the debts Of the Govern
men, AMI he had security that The other means Of
the Treasury might not be diverted also. lie had seen
the proposition ofthe Postmaster General TO enter into
partnership with all the railroad companies IN the coun
ry and the the railroad, the advantageous
the terms he offered il; and he had also seen the ex
projects Of the Secretaries Of War and Navy;
and he had heard Of the notice given that floor OF an
intention 10 submit proposition To assume the debts
OF the States. With all these measures III view, the
capitalist might well doubt the stability Of any invest
ment he might make in the public funds while the do
minant party continued in power.
lie had heretofore voted for the issue of Treasury
temporary measure, and in anticipation OF the
Of the year, and they answered every purpose
for which they were intended. The Government be-
ing in good credit, they readily taken at par by
the Government creditors, not from necessity, bul III
preference to specie aud because the public Gre
ditor had The power If taking specie at their option, that
they were kept al par.
II was small compliment 10 Mr. Van Buren and
his distinguished head Of the Treasury Department, ,a,
the very for which they were so much vil!icd,
had become Of the leading OF the present
ruling party.
Though lie voted however, for Treasury notes here
tofore, lie should vote against them And, in as
signing s for such vote, Mr. + among others,
named the following: FIRST he believed that the Trea
sury notes would not answer the purpose Tor winch
they were intended because there being fund pro-
vded for their redempton they would deprecate in the
market Secondly, because they were not proposed as
temporary expedent, to be met out Of the accruns
revenue but be engraited loan 10 be anho-
rized and made part OF a permanent debt Tie never
would 20 for a national debt which national curse,
in time Of peace Our foreign relations were supposed
BY to be in delicate sate and though he had no
apprehcnsions Of war; yet he would keep the Govern
,ncnt unembarrassed and free from debt TO meet IT
when il should come. He would sooner 60 for d.
rect tax, than for natl nal debt in time Of peace In
the place, lie would 90 against the bill, because
there were other Of providing for tile necessities
Of the Government, aud Mr. +. here referred to the
proceeds OF the public lands, which might be applied
by repeating the Distribution act, and the twenty
eight millions which had been deposited loan To
States under the solemn pledge to restore
when the Government needed it, After some fur
ther remarks, Mr. Floyd said that he would suggest
n mode by which the Government could be relieved
from the difficulties in which it was placed He would
recommend TO those in power in the two Houses
of Congress, 10 retrace every step they had taken
g,r tbar vast,r of