Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-10


" and those from whom II came, and all they had
to do was to stand stand STILL and time and reason
would bring the rest. lie agreed with Mr.. Blu
chanan that the schome contained some fatal do
fects; it was bank IN FACT.
Mr.. Rives said il Committee were raised,
they would not recommend any scheme of Gov
eminent Bank consequently the remarks of the
gentlemen (Messrs. Buchanan and Celhoun) were
entirely gratuitous lie did not believe there was
any man prepared TO give this measure an unqual-
fled support.
MIR. Rives added that it was not enough for
Senators TO oppose measures. 1t was rs much
part of their duty to propose a substitute. Let
them show their hands What nre they in favor
of. IN the present awful condition of the coun-
try, do they do their duty by folding their hands
and doing nothing, and ngain insult the people Ivy
telling them 'qhey crpect TOO much from The Gopern.
ment?" lie should think that the signal rebuke
which such language had already once received,
would not soon he forgotten. The doctrine OF the
opposition was, ISLAND still, do nothing, all toiH
come right" For himself Ire nbjured this do.
nothing policy. He was for doing something,
and at once, for the relief Of the country. The
question was, whit is to he done? He could
silly understand what was meant by the opposition
saying they would not change their position. In
plain English ii meant, THEY WENT FOR THE
sur -TREAsuRY, THE WHOLE SUB-TREAsuRY
AND NOTHING BUT THE SUB.1REAsURY. Bur will
the country take that? Tie answer has already
been heard, in voice Of thunder-No, WE WILL
NOT TAKEIT! Let no ole lie deceived by n few
events OF last fall. On the subject of the Sub
Treasury the people had fully made up their
mind, md nothing could change it. A National
Bank was, at present, out of the question. Mon
led men would not, at present, subscribe for its
stock For himself he preferred the State Bank
system, which had never vet bad lair rial, but
that had heen rejected 10y both parties, ard was
therefore out of the question. II he could not get
the hest measure nor the second best he WINS will
lag to take up with any practicable expedient for
the public relief As to the present bill, it mus,
undergo many important changes the proposed
board must he stripped Of the power Of dealing
IN exchange, and also of using or lending the
| public money for private accommodation or mer-
camille credit. 1t must also lie rendered bona fide
| exempt from Executive control, and Congress
| certainly had the means of doing this. The mp.
| pointing power might he exercised by commits
sioners, as had repeatedly been done in England
He was ready to adopt the principle that oil Trea
| sury officers should he made dependent on Con
| gress, and removable only by the President with
| the concurrence of the Senate. As to an amend
| menl OF the Constitution, as proposed in 1885 by
the Senator from Kentucky, lie had no hope Of
| seeing that or any amendment adopted. 1t wa,
scarcely to be expected that eighteen distinct sov
ereigntles could he brought to concur, without
| which the Constitution could not he altered bu
| the officers in the Treasury might be rendered in
dependent Of the President.
Mr.. X. earnestly appealed to gentlemen not Il
make up their minds in opposition until the bill
should have beeu modified in committee. lie re
joced that the Wing par,y in the Senue were il
favor OF doing something for the country. VIVA
a striking contrast was presented by genllemer
| upon the opposite sde Their purpose was Il
bring The Presidents nose TO the grindslone OF TIT
Sub-Treasury. Their language to him was, Civ
us that, and we will support you for four wears
beyond that these deponens say not.
| The President did not insist on the bill in il
! present form. He was willing it should be mod
| hed. lie was DESTROYS that the purse and TIT
sword should he separated He anxiously souglI
TO be relieved from the control of the Treasury
The Secretary spoke in the same tone: he Eel
that the plan was not perfect, and that it nee de,
| revision.
Gentlemen seemed to have resolved upon op
position before they knew what shape the propos
ed measure assumes. They seemed to have en-
irenched themselves on the Sub Treasury, and Il
have resolved to bring the American People Il
that measure. Let the People answer.
ed No. M" oan 10 ,h Sd Shnned the floor "' yield
In the House the Committees reported man,
private bills; one authorizing the Committee oil
Claims 10 employ a clerk, was adopted. On,
requesting information of the Postmaster Genera
relative TO the cost of mail transportation was ud
opted
i Mr.. Hopkins asked the consent Of The House t
introduce II bin for the repeal of the Bank run
Law. Ii was refused.
Mr.. Fillmore attempted unsuccessfuIly to pre-
val upon the House TO take up the Loan Bill. Nj
Cushingin answer 10 an Inquiry, said he could no
tell when the Committee on WAYS and Mean
would report on the subject.
The Tariff was then debated in opposition b.
Messrs Eastman and Meriweather, and the Hous
adjourned.
Correspondence Of the ~ Y. Tribune.
Thursday, Dec. 80.
In the Senate, the President presented com
munication from The Secretary of State in an
swer to Resolution of the 9th instant, stain,
that no proposition has been made between tn
Governments of tho United States and Greu
Britain, with relation To the mutual Right O
Search, since the 4h OF March, 1910.
The plan for tbs " Board of Exchequer" wa
again taken up, the question being on the motion
OF Mr.. Tallmadge 10 refer 10 Select Commit
tee of nine.
MIR. Mangim spoke more than an hour, in de
cided and entire opposition to the scheme which
he said was repudated on all hands, was al un
blnshlng push for absolute power, such as hat
never been known in the history of the Govern
meBf, proposing to superadd to the already over
4 grown patronage of the Government the none,
power OF The country; it would break down tht
banks already rotten would produce distress AM
| misery, and oversladowing all, the country coult
then lay down in that tranquility and repost
which the writer of the plan desired-in NEAR
and mercenary despo,sn,. He preferred The
Snb'Treasury in any form to this mysterious sys
tenn which was nothing but The Fiscal Corpora
ton" put out in the rain, and exposed until struck
down 10y the thunders of the Veto it was NOW re
susciIated, and placed under the shed of tho Urea
sury Department.. A plan currUptng in il.
tendency and SO graspng at absolute power, 50 uI
ira measure, he had not expected from Virgin
ia strict construclionis
Without taking the question, The Senate wen
into Executive Session.
In the House. the Tariff question was again Ia
ken up, and
MIR. Meriwether concluded his remarks in fayo,
OF the constitutonality of protection, and in repl,
TO Mr.. Weller aud other gentlemen repelling The
chnrpaa of Increased IN Ia a..a;..e. ~.