The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-26

currency itself had literally become stale bis
cult on the return voyage. Blu as TO the ExohequeI
plan although no not ready 10 give TO Il his en-
tire approval yet ho for declaring against passing
the negative resolution of the majority oil inc Com
mittee of Ways and Means, and would vote accord
ingly strong sense of obligation rested ON
Congress 10 provide, in some form or other,
for the collection, saie-keepng, and disburse-
ment OF the public revenues Bank of the Uni
led States, with capital OF hiteen millions,
was his first choice but this, al present, sob
solete idea" Something else, however might be
adopted; they could even cal on the Secretary OF
the Ire sury 10 put down, IN black and white, SO
much Of the plan which that officer pursued in
10 alton 10 the public moneys. Any system, even a
bad one, II itlen, would be better than Executive
discretion So strong his OF the obliga-
ton resting the House TO adopt SO g mode, that
he had more than been led TO regret that he
Sub Treasury had been repealed. Odous as IL was
il il was still in existence, he did not know whether
be could vote for its repeal He did not conceive il
TO be a secret for II was avowed openly IN the Sen
ntr that the repeal of the SubTreasury was hurried
through that the President might be induced sign
the bill for the charter of National Bank II the
question of repeal were again TO occur, he would
vote against it they might have taken out the teeth,
extracted the poison and abolished the specie clause
of that Measure and made il some hat acceptable
This and other notifications he would prefer, and
leave il standing until substitute could be devised
and enacted He preferred even that part OF the
Exchequer plan relating to the custody saie-keeplng,
and collection of the public revenues, than no system
at ALL An issue of fifteen or twenty millions OF Elk
cheauer bills and redeemabe in SPECIE would be Of
great convenience to the public paper currency
and medium of exchange to com, erc!al sections of
The country. In a word, rather than have no mea-
sure whatever he would vote for the whole BILL al
though he seriously objected to many OF It's features
Mr.. MARSHALL, Of Kentucky in the course of
his remarks, referred particularly to Mr.. Websers
speech de iyered in Faneu Hall, in whi,h he
commended the plan CT Exchequer. He said that
the gentleman alluded 10, when in the Senate, de-
nounced Government Bank as the worst OF inven-
tions devised by foreign nations and he MIR. M.
commended that the Exchequer was bank of depo-
site and exchange with capital Of fifteen millions
and although il could not discount promssory notes.
still il was Government Bank IN its worst form
After DIV Hing upon this subject, he alluded to OBJ
servation Of his colleague, 'r. q. Dayi') made on
a former occasion, that Mr.. Clay was the imPersona
ton and incarnation Of Whiggery, and that he who
was not for Mr.. Clay was not and could not be
Wing. This was the language.
AR DAVIS SAID this " not his language, but it
was this that the man who undertook to overthrow
Henry Clay was as much an enemy of Whiggery as
the opponents Of Washington in 'I6.
Mr. MAR SHALL wished it to be understood that,
even in case Mr.. Clay should be the Wing candidate
for the Presidency, without however declaring
agains the nomination. should It take place, he en-
tered his solemn protest against the principle assert
ed by his colleague. He had adhered to the Wing
party because they hold his principles, and his prn-
cples had their impersonation or incarnation IN moth
ing human, and there breathed not man could drive
him from the truths which he advocated. lie could and
would say when the opp ,r,unity occurred, that
the leading and radical blunder committed by the
Wings at extra session was, they began the bust
of President making and finding fixed incarna-
and holding up iupersonaton,o whiggery lit
tie too early He thought so then, and said SO, and
he thought so now. Nothing that he felt against Mr.
Clay could drive him from the ground he occu-
pied Neither Mr.. Clay his friends should say
that they had it in their power to force him single
inch to the right hand the left, whether following
running away from the Wing party. And his OBJ
ject was to show here that he was Wing, and he
would show the same fact at home.
Mr.. q. DAVIS read extract from paper to
show what his opinions of Mr.. Clay.
The SPEAKER laid before the House several Ex-
ecutve communications in reply to resolutions here
ofore adopted, calling for information.
And the House adjourned.