Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1842-01-06
OWNGBINSSo


In the Senate, on Monday The eth, the only
business Of interest was the introd NC ton by Mr.
Benton Of his bill topos,pone the operation of the
Bankrupt law until July next, for the purpose OF
affording time for the passage Of law to include
Corporations. Mr.. Calhoun gave notice that,
when MIR. Benton's bill came up, he would move
to amend it so as to make it bill to repeal the
act.
The House was engaged in farther discus
sion of tho Tariff question, and no business of
any kind was transacted.
On Tuesday, motion was made i'm the Senate
by Mr.. Besrien to refer Mr.. Benton's bill to post
pone the operation of the Bankrupt law, to the
Judiciary committee. The motion was opposed
by Messrs. Benton, Calhoun, King, Linn and
Buchanan, and supported by Messrs. Berrien,
Henderson, Clay and Talmadge-and lost
yeas IS, nays 25.
In the House, the Tariff discussion was con-
tinued, which from its discursive character might
very well wear the title a certain author affixed
tohis book-'De omnibus rebus, ct gu Jusdam a.
his
In the Senate on Wednesday, Mr.. Tallmadge
moved a reference of the Exchequer scheme to IA
select committee, which gave rise to some dis
cnssion. Mr.. Buchanan took occasion to express
his utter opposition to the scheme, and stated the
objections which forbade him and those who act
cd with him from embracing any OF the extraor.
binary features engrafted on the simple substra-
tum of the Independent Treasury. He prom oun-
ced 1t to be Government Bank Of Immense and
irresistible tendencies to mischief. Mr.. Calhoun
followed, sustaining the positions of Mr.. Bucha-
nan, and declared the purpose resolutely to stand
firmly on the ground and principles on which the
Democracy had planted itself, Of opposition to
the whole system Of banking as associated with
Government Mr.. Talmadge being unwell, and
having lelt the Senate, Mr. Ryes undertook
reply TO the gentlemen. lie complained that the
Senators had not waited until the scheme had un-
dergone the alterations which he knew it was
the desire of his friend Mr.. Tallmadge 10 make
upon it, by the proposed reference. He said that
he did not doubt that every thing which made it
obnoxious TO the charge of a Government Bank
would be Topped of, If Mr.. Talmadge should
have his way. lie said he was opposed himself
t. the provision 10 allow the Treasury TO issue
notes to three tines the amount of specie on hand
that he was for restricting il to dollar for dollar
lie lnveighed against the Independent Treasury
as condemned by the peoplc-said National
Bank was now an impos sibiity-gave up the
State Bank system--and declared his disposition
to make something out of the present scheme
which might rescue the country from its deplora-
BILE condition.
Mr.. Mangum had the floor on Thursday, and
made powerful speech against the scheme. He
regarded it as one Of the boldest demands for nm
limited power which had ever been preferred by
any Administration, and censured Mr.. Webster.
with great severity, for the countenance he had
given to it.
The National Inteligencer ofThursday saws
From what we can learn, there are comparative
~ lew members of either House who are in favor
OF taking the plan exactly as it stands. Wbe,b.
er Is likely to be SO modified, in lis progress, as
10 be acceptable to the two Houses of CONGRESS-.
and also TO the Executive, our readers will. upon
reading tie debate be able 10 determine for them
selves quite as satisfactorily as we can from anv
information in our possession -