Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-03-01
CONGRESS-.


vote the Wings all voting against putting an END
u the session aud It's expenses even at that time.
The bill proposing to suspend the operations OF
the bankrupt law to july next, failed, yeas IL NAYS
%
Mr.. Claws resolutions to change the Constitution
were then taken up and argued by Mr.. Morehesd
IN their favor until the adjournment.
In the House. Mr.. Everett again submitted his
resolution 10 take up the apportonment bill, but
failed. bill TO authorize the banks OF the District
of Columbia 70 receive aud pay out non-specIe-pay-
ing bank paper passed.
In Senate, Feb. 10. the committee on the Post
Office, &c was instructed to enquire INTO the ex-
pedency of extending the frank ing privilege To the
late Vice Presidents Of the L. States. IL had bet
ter toe very much restricted Mr. Benton offered
a series of resolutions proposing amendments TO
the bankrupt law. These resolutions are OF some
lcngth-propOse TO contine :he operation OF the law
10 traders and mercantile men, and include banks
and money dealing corporations. They were lald
on the table TO be printed.
Mr.. Clay presented petition from persons en-
"a ged IN various branches OF industry at Bedford,
PENNSYLVANIA attributlng all the distresses aud en-
barrassments Oft the county 10 the compromise act,
and praying for such revision Of the tariff as would
give protection to home industry. The petition was
accompanied with request that he would accompa-
ny Its presentation with some remarks. But for THIS
request, he would not say word that would antici-
pate the discussion which may arise when the sub
would however make a single remark-that It was
entirely mistake 10 attribute the endorsements
Of the country 20 the compromise act. Ii was the
arrangement and tamperlng with the currency, the
eXctements which led 10 excess OF Internal I'm
provements, the Indebtedness OF the states abroad,
and It's effects upon lmportatIons that had occa-
stoned the distress and embarrassment OF the coun-
try.
lie alluded at some length TO the condition of
things at the time the compromise act vas enter
ed lntO-to the necessity OF that compromise at 10
preserve any portion of the protective systemic
the injustice OF Pennsylvania casting any reproach
on that act, winch preserved for nine or ten years
longer than it could be otherwise preserved, the
protective system, in which she was SO interested.
and concluded by saying that If she intended tar
1T for protection, her could be stated through
her representatives.
Mr.. Calhoun reviewed the statements made by
the Senator from Kentucky relative to the condition
OF things AZ the time South Carolina yielded to the
compromise act, and showed that It was well un-
derstood then that twenty per cent would be more
than sufficient To provide revenue for an econom
cal administration of the Government Ii was not
only contemplated that gradual reduction could be
made to twenty pc: cent. IN ten years, without IN
jury to existing interests. but that an economical
administration of the government, would, at the
end Of that period. admit of further reduction, ey
under fifteen per cent. But now TO attempt
raising the duty past twenty per cent, was palable
viola not alone of the act itself but of the very
prime pies on which il agreed to. Mr.. Calhoun
then, at length, replied III detail TO VIZ. Clay
remarks.
After the debate had continued for some time be
tween Mr. Clay and Mr.. Calhoun,
Mr. Preston expressed his sentiments on the sub
lcct of the compromise act. That he adhered 10 the
principles of that act and would not entertain the
question Of exceeding twenty per cent until It should
be shown that after restoring the proceeds Of the
public lands TO the Presumption which they
ought never TO have been taken under the existing
financial condition of the Government, the public
service could not be carried without raising re-
venue beyond that standard. lie considered the
compromise act as rallyng point, aud that good
faith required 4 necessity should be shown Tor m
creased duties before the standard OF the cOmprom.
lee should be passed II, however. II should appear
that the public service under wise and prudent ad-
mlnistraton aid not get along without all increase
OF the tariff, he would go any extent absolutely ne
/ ccssary.
The petition was then referred to the committee
on Manufactures.
number Of local bills were passed, and the
Senate adjourned over to Monday.
In the House Mr. J. &. Clark from the commit
tee on Naval Affars reported bill to establish ad-
d.tionGl ranks IN the Navy Of the United States
proposing To- create the Offices Of Admirals, Wee
Admlrals. Rear Admras, &c. Il referred Ia
the Committee of the Whole on the state of the Tn
ion. The day principally passed IN the CON
sideration Of the Civil and Diplomatic Appropna-
tion Bill.
In the House, l7th Mr. Gushing read the repor,
and bill on the subject Of board OF EXchequer,
or Government Treasury Bank.
The bill establishes at the city Of Washington a
Board of Exchequer, to consist of the Secretary OF
the Treasury and the Treasurer Of the United
States, for the time being, with one CommissIou
~ a salary of - 600 per annum, said Commission
or to be appointed for four years, aud not To be re-
moved from office, except for physical nab lIty, in-
competency, neglect of duty and, IA case OF re
mOyal, the reasons therefor TO lie lad before Con
gress the Board establish agencies Offices,
not exceeding ten, VIZ at Boston, New York, PM
adel PIMA, Charleston, New Orleans. and five other
places in the United States, be determi .ed on by
tie Board; the officers to consist OF Principal
clerk and a register for the Board, at s1lsries oil
-dollars each, aud for each agency enc sup-r'n-
tendeut, at a salary Of - dollar. per annum. and
"a register, at a salary of -- dollars per anuuun
with a clerk for each agency It the business requr
It--sad superintendent and registers ID be- appoint
ed tor four years 10y The Pres dent by and with tic
advice and consent of tie Senate, only subject %
removal ia like manner with the commits above
mentioned. The Board and agencies % receive
and saiekeep the pubic moneys, and TO transfer and
transmit the under the direction Oi the Secrc
tary fthe Treasury said Board and us agencies
70 pay all warrants, drafts &c, 81 the tsIr.r
Of the United states, and perform the duties %, CONS
IA s. oners of loans. 10 receive from Iut v.da1l.
deposits of gold aud silver com aud bullion q be
held for eheepng, and % issue certificates there
tor the amount never to exceed ten Irons % 1oi-
lars, un!ess otherwise provided boy law. II Issue
certificates # debt % the public cred tors for tae
amounts due them. The several m.nts OF the | o l.
ed States 10 receive CePos tes aud issue ceTtc tcs
10 Ike manner such cert icltes 80 Be rece.va il au
redeenlbi. a. elcA and every agency aud prelni-
10 Be charged then and they suai. DE- issued
10 sums from five 10 one hundred de..trs. The Board