Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1842-01-07


and House Of Representatives, by ballot or rira
pofe, as the two Houses may sevcrally resolve.
When appointed, either Of them may be remov-
ed by concurrent vote of the two Houses, sep
arately given, but neither of them shall be re-
movable by the President Of the United States.
Congress may provide by law for the case of
vacancy occurring in either of these Offices be-
tween the periods of the annual appointments
lie thought it hardly necessary to ask for a
reference, he would simply move to have them
made the special order for the 18th of January
next.
This motion having been acceded to, they
were then on motion Of Mr.. Mangum ordered
to be printed.
THE FISCAL AGENT.
MrPreston rose and made some remarks quite
inaudible at first, but he was understood to say
that the ground Of the plan, was novel in many
of its aspects, and would require great delibera-
ton and discretion which he had no doubt, it
would receive at the hands Of the committee
He hoped that all personal feeling and party bias
would be laid aside, and the subject approached
with desire to do all that could be done, for
their common country-something that would
be likely to sustain the general credit, and give
peace to the public mind on an agtating sub
ject. which SO long as it is agitated must be
productive of evil.
Mr. Tallmadge who was evidently much inds-
posed, and so hoarse as to be scarcely audible,
said that he had not had an opportunity of prop
ery examining the plan, but nevertheless he
felt it duty to move that the subject should be
taken up for final action. He hoped he should
be acquitted of any desire to push himself in
advance of other gentlemen who might be bet
ter qualified than himself for the duty lie
would simply move that it be referred to a Sc
lprf 4 ttpo IF mir IN bo annoiutaI hv tho
Chair. He would make no remarks on its mer-
its-from the state Of his health he was unable,
but Independent of that, he was not disposed to
do so on subject of mere reference, whatever
might be his views-ths would be reserved un~
til the fit and appropriate occasion for them be
given.
M. Buchanan said when this subject was be-
fore the Senate the other day, on motion to
print, he intended to have offered some remarks
then subsequent reflection induced him to ex-
press his views at length, and give to the public
his opinions on this matter. Had it been mere
report, containing the opinions of the Executive
he would not have deemed it proper to 90 into
the preliminary proceedings. 1t came to them
however, in very imposing form. The Cabi-
net was said to be united, and it was sustained
by an argument as clear snd lucid as he had ever
re objected to have seen from any quarter. He
Soulu ody VIII pcIicCt tTulII, tudt TIC Hhu CNSIy
desire to promote the views of President Tyler,
for he considered that he owed him deep debt
of gratitude for the veto on the two bank meas
ures. So delighted had he been with him on
these occasions, that he really felt disposed to
give him carte blanche but when he found a
plan extending beyond all constitutional limits,
and proposing to issue paper currency which
was to be placed in the hands of spectators, he
was compelled to oppose it with all the ener-
gy he possessed. II the people were left to
their own wisdom and native energy, the coun-
try would soon recover from all its difficulties,
but so long as Congress was looked to for relief,
economy industry and prudence, all that can do
them good will be neglected.
Mr. d. had looked at the plan in every posi-
BILE aspect, and could see nothing but an entire
Government Bank-capital furnished by Gov
ernment-paper issued by Government-depos-
ties received, money loaned,-and a circulation
allowed Of three for every one of specie. In short
it was from first to last nothing but great Gov
eminent Institution. Mr. b. went on to point
to be an Excheqaer B 5saa OF Iii hsr e.
seat of Government--that was the great central
Board at the grand Metropolis and then there
night be ifty-two subordinate boards scattered
ali over the country with three officers to each
agency, making in all 1856 men to discharge the
Uus'IlcsS VI luis ILACIeQucT pIdIis NHIIc ullucl
the plain and simple b-Trcasury system, all
that was required were four Receivers Gener-
al. The great polar star of the Wing party as
set forth, was the curallment of Executive in
1uence, even the honorable Senator from Ken
lucky (Mr Clay had that very morning intro
duced resolutions, repeating in effect what had
been said over and over again about the danger
of Executive influence. The p,or Independent
Treasury was assailed upon that ground-For
Receivers General struck terror to their souls
and yet what had they presented to them from
their own friends. A central board with fifty
two subordnaes, establishing on the whole as
perfect concentration Of political, and money
power as can well be conceived, and yet they
! were told this was an intermediate measure
| 1t was in his opinion the extreme and not the
mean, it went far beyond what had been evel
before proposed. The President was here, the
Secretary OF the Treasury and Treasurer here
and his word for 1t, let but the plan go into oper
alton and Spectators and politicians would come
10 the seat OF government to court those officers
as eagerly as they now come for office. liz
meant nothing offensive to the President in hi
remarks---he believed that functionary pure ant
patriotic: but let an ambitious and able, but ba,
man, let but a Burr be at the head of affair
and he would control the revenue, and lead Il
political power on the eve of an important Pres
ldental election such an ascendancy, that al
they had before heard about the purse and tn
sword would be as nothing
He insisted that the system of drawing bill
devised by this plan would become as perfect
system of kite flying as was ever carried OIL
under the old U. s. Bank. The only perceptbl
difference was drawing at 80 instead of 60 an
80 days lie contended also that the issue G
s. notes would interfere materially with tn
State Institutions. No government under tn
sun had ever attempted to issue paper none
that did not entail ruin upon the people. Thl
fact was strkngly eXemplified in the assignee
OF France, and the contnentat- money of thl
country. twas true both had served goriou
interests in opposing despotism yet they ha
sunk, and sunk until they became utterly worth
!, less. And should they now in these pipin
times OF peace resort TO the issue of paper money
so easily put in circulation, aye, and would b
too ever lngreater circulation than that Of tn
Bank of the U. s. in its pamest days. ii
. had never been great friend to the bankin
SYSTEM 1t vas going fast to destruction-let
, go, as go it would; but he would never be tn
! man to give it impetus. He believed in his yer
: soul this fiscal plan would wind itself up in
months and he would tell them how. Whethe
this circulation vas sent East West North G
: South it would find its way at last TO Wa