Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1842-01-27
Tscemsy-serenfh Congress.
From the Iadepsndent.
IN SENATE.
THrRsDAr, January 20. 1912.
THE Law.

Numerous petitions and memorials A.
gains, the amendment or repeal Of this
law, were presented by Messrs. Clayton,
Buchanan, Calhoun. Mangum, Tallmadge,
Bayard, Wright, Sturgeon, Preston, Der.
rien, Evans, Clay, Huntington, Linn, Will
liams, Rives, Miller, Young, Phelps, Mou-
ton, Benton, Choate and others, from New
York, Philadelphia, Buffalo, Boston, Har-
risburg, and several other towns aud cities
OF the United States.
Counter petitions were also presented,
praying Congress to modify or repeal said
law.
Mr.. Preston, in presenting a memorial
from Philadelphia, praying the repeal OF
the Bankrupt Law, took occasion to ad-
vert to the unsound state Of the currency
in this country for the last few years, and
said that cit was solely to be attributed
to the misconduct Of the Government,
either active or passive"
Mr.. Buchanan, in presenting memorials
Of a like purport, said he felt it his duty
to correct an erroneous impression which
had gone abroad, relative 10 this law and
thG utfItDl. ~ was 5uDHcoCo thu.
the State Governments had not the power
to pass a bankrupt law. They had the
power to pass a prospective law for State
legislation could relieve the Bankrupt
from all contracts made in the State, and
if he enter into a contract in another State,
IT is binding.
THE TREASURY NOTE BILL.
Mr.. Woodbury. rose in reply to the
Chairman of the Committee o. Finance,
mr.. Evans) who addressed the Senate
yesterday, on presenting the repor, ofthat
committee, which proposed an amendment
to the Bill, as passed by the lower House,
" to strike out the proviso which proposes
the repeal OF the Loan Act, passed las,
session." Mr.. w. felt it his duty to resist
the motion o fthe Chairman Of the Commit.
tee, and contended that such an amendment
was calculated to embarrass the question
at present before the Senate, and TO pro.
woke discussion, at a moment when the
deficiency in the finances of the country
demanded action from the Government.
He continued at some length, and was fol-
lowed by
Mr.. Calhoun, who commended that the
present deficiency in the public Treasury
threw a great responsibility on the Chair.
man of the Committee, who now throws
an impedimen, in the way Of passing the
measure, by the amendment he had pro-
posed.
Mr.. Evans rose in reply, and after ex.
planning his views at some length, said,
that the principal objection to retaining
the proviso was, that it was calculated to
cripple the Treasury Department. Fl,
was followed by
Mr.. Rlves, who supported the amend
ment,
Mr.. King rose in reply, and deprecated
the lactlous opposition TO the passing Of
the measure by the proposition OF the
amendment-it was calculated to stop the
wheels Of Government, and would impede
the progress of the Bill, and tended, indi-
rectly, to censure the popular branch Of
the Legislature.
MIR. Buchanan supported the amend.
ment. He had, he said, been dragged
along, year after year, to vote for these
iieuouiy oHio, puitC oSo'hst us VIII, anu
was a decided opponent TO their issue al
all.
Mr.. Preston followed in support of the
amendment, aud spoke AT some length, in
reply to the other Senator from South
Carolina.
MIR. Calhoun said, the objection at bis
side Of the House TO pass this bill with the
amendment was, that it would create a
new loan Of five millions.
After some further discussion, the ayes
ard noes were called for-when there ap.
peared,
For the amendment. "a
Against it, II
Mr.. Woodbury. hcreupon rose to pro-
pose an amendment, and gave way to
Mr.. Young, who proposed an adjourn
ment Of the Senate.
The question was put and the Senate
adjourned.