Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-15

if select committee should be raised. thew
would not be found recommending any
scheme of Government Bank for the adop-
ton or consideration of the Senate. All
the remarks which were made by the Sem
ator from Pennsylvania and the Senator
from South Carolina were gratuitous, and
it would have been far better if they had
reserved their remarks until they saw the
shape in which the committee placed the
measure for the action of the Senate.
He then replied to the remarks of Mr..
Buchanan and Mr.. Calhoun, and said that
they ought not to contend against any mea-
sure simply because it was proposed by
others, but they should show their hand and
bring forward their substitute. Were they,
in the present state of the country, to lift
up their hands, and cry out that "the peo-
pie expected too much from the Govern
mentl" What was the Government meant
for. if it was not intended to afford reief3
They had heard such language once before,
and, after the rebuke it had received, he
had never expected to hear it repeated on
this floor. A great man had said that Gov
eminent was practical thing, made for
the advantage of mankind, and was not
metaphysical abstraction. They were told
that every thing would come right if the
people were left to themselves; but that was
not his doctrine, and he repudiated it now,
as he had on former occasions But the
question was, what was to be done! and he
propounded the question solemnly to every
man in the Senate. They had had an init
nation from the Senator from South Car
DINA that he fought under the Sub-Treasu-
ry flag, and he supposed that that was the
flag to be thrown out to the country; and
they had been told by the Senator from
Missouri, on former occasion, that, if the
President would recommend the Sub-treas-
ury, he would gladly support him. They
were to understand, then, from these gen.
tleman, that the Sub-treasury, and nothing
but the Sub-treasury, was to be offered by
these Senators for the relief of the country.
But would the country take it! No: the
country had said that they would not take
it. If gentlemen imagined that, since the
last autumn elections, the people had be-
come favorable to the Sub-treasury system,
thew would soon awake to a sense of their
they retained liberty, would not, under any
circumstances, accept of the Sub-treasury,
which had been proposed as a sovereign
remedy, as a cataplasm for the wounds in
ficted on the country by the reckless poll
CIV of previous administrations. What was
their position! A National Bank was at
this time out of the question; the State Bank
system had been discarded, and the Sub
treasury condemned. Something then, I'M
questionably, must be done to enable the
country, weighed down by powerful in
, cubus, to rise again on its feet and preserve
, its credit at home and abroad. He should
: like to see the man who would come for
ward now and say, in this condition Of the
t country, nothing was to be done. If there
! was such a man, he might admire his can
DOR but he could not enlist under his BAN
ner. He desired to do something. If they
t could not get that which was best, or Sc
g cond best, they would get that which was
practicable, if it were likely to lead to any
} substantial relief. With regard to the plan
;. of the Secretary of the Treasury, he did
I not believe that any man was prepared to
give to it an unqualified support. 1t must
S be materially changed in its fundamental
principles-there must be change. In the
:. first place, it must not be obnoxious to the
y imputation of being Government Bank;
i and unless it should be stripped of the pow
: er of dealing in exchange he would oppose
t it; he meant that it should not discount bills
of exchange, and it must be stripped of ev-
cry thing pertaining to the functions of a
IS bank, so far, at least, as related to lending
e or using the public money for private pur-
l. poses. He was proud to say, in behalf OF
: the party with which he acted that no con.
l. domination, in advance, had been thrown
l. out by them to the only measure which
r, would seem calculated to afford relief to the
y country. What striking contrast did this
re afford, compared to the other side, from
e which predetermined opposition had JUS
If been encountered But, Notwithstanding
u these demonstrations, let them, in all liber
d atty and candor, endeavor to agree upor
some measure calculated to relieve a pa
d triotic and suffering people.
a. Mr.. MANGUM then obtained the floor
l. but gave way to
l. Mr.. HUNTINGTON, on whose motion
l. the Senate adjourned.
p TEMPERANCE