Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-01-19
= II T. y &. Il 4, y y.
TIL 4 ID ESSlON
THE ENCliEQUER PLAN.
HOUSE OF REPRESENTATIVES,.

| u. ~
| THERTON moved Instructions for the committee ia
report regulations Tor the Treasury pom this an Inter
csing debate
MIR. WISE SAID that the result of the reference of tue
! Presidents message 10 the Committee of Ways and
Means precisely what he anticipated and predicted
Indeed, when the motion first made To that effect
It was niinacd BY the friends OF the measure. (he Ex
cheqner) that TO refer the message of the President To
the Committee Of Nays and Means would be no more
nor less than coniniHicre dgHmn hDo." II was refer
red there simply 10 be d.sroytd-nn 10 get some other
plan from that committee. but get their verdict OF con
demnatiun upon this plan.
| Blu, what had the committee reported glance
through the preamble had enabled him discover some
OF the reasons which they based their resolution
The was, that for ten years past the money pow
OF the Government has been the hands the Fede
raj Executive. The report said that II III the
! hands If the Executives that such state Of things was
dangerous aud that The Executive ought to be stripped
oft Now the Executive had recommended plan. by
which he would be stripped of this power; and the Com
mee of Ways and Means, Instead OF carrying their
corrcc, views in which he (Alr w agreed coniented
themselves with saying that tie plan would mol do
There their wisdom stopped. There. their patriotism
stopped. They merely said tha, plan Of thou
sand objectionable. But did the conlinte say that
other plan should be adopted! That the plan was 50
bad as 10 be unworthy of rcpalrs} Did the gentleman
Mr. FILLMORE say that he could report creature Of
his own brain, which would suit the wants OF the coun
try2 For years past there seemed 10 be but two al
trnativesa bank oi the Cned States and sub reast-
ry. lh however, was now c1ntTad'lCd by the eNhbl
ton OF The cNchequcra middle ground between the 9th
er measures. The gentleman said this would not
do: why then, did he not give the House the model of
bank, which, some sessions ago made to assume
any Proean shape! The fair and only construction of
his report was, that be wished to have "GW Ctsar at
npHs." Anything bul bank was unworthy OF amend
men, consideration Did the gentleman weigh his
words when he SAID that the tNchoquer could moi be
mended? What was The meaning Of amendment Was
il rot common mode Of amonGmont To Il owe 10
strike ont all after the coacng clause and insert Who'll
ly different proposoul Did the gentleman mean 10 say
that he could not strike out the plan Of the SECRETARY Of
the Treasury aud insert one from the collective wisdom
of The Committee Of Ways aud Means? Why was not
a substitute rcpuried?.
MI. FILLMORE said if the gentleman desired linn
10 answer his question, he would say HAT substitute
had already been reported 10y The friends OF the Executive,
aud now before the House.
Mr.. WISE. said thai The friends of the President did
not themselves consider the plan OF the Secretary Of the
Treasury 10 be perfect, and reported amendments
Was he 10 understand tie gentlemen concurnng III the
amendments? No; the gentleman did not concur in the
plan Of the Secretary ol the Treasury. in the amend
mems To that plan by the friends Of the President Why
then did he not report better substitute? The gentle
nan had ~ answer to that question. ihe was
4 concealed one.
Mr.. FILLMORE remarked that the majority Of the
Committee ot Ways and Means had twice reported their
plan 10 the House, but VAS both OCCASIONS defeated
by the Executive.
Mir. WISE said he bad now goi the answer he want.
ed lie would 90 before the people upon it, A bank Of
the United States nothing! lie Was willing to 90 be-
tore jury OF the country this answer Yes: the cen
enan willing 10 let the President have the power
the purse, unless he could get his national bank
Though there were regulations for the organization OF
the Treasury Department. vet the gentleman very pro-
pcry thought that something further should be done to
limit Executive discretion. When plan for that pur
Dose proposed, what his answer A bank or
nothing There were no dcsrecs-no graduation of pol
icy cNpedency. .lH Caesar dm ndlus was the gen
lleman S maxim.
lie (Alr W. differed from his friend VIZ. Gushing
10 the disposition 10 be made of this report. lie did
not agree with him in wishing lis reference 10 the Com
mee Of the Whole the State of the Union. He
wanted it before the House, obe decidedly yeas andnays
and thus see whether party would say that it would
take nothing but the sub treasury. s
it mnst have a bank. He wished 10 whether these
two parties would insist upon extremes measure
lie was willing 10 sustain the previous question: and
re ly to vote now he would he two weeks hence
ben the question should be taken after the previous
question was sustained he should vote with the minority
OF the committee OF Ways and Means. who reported
amendment, to the resolution Of the majority. He should
for the resolution of the gentlemen from New IIamp
shire MIR. Anterior; aud he would ask the Clerk 10
read 1t aloud. for the information Of the House.
| The resolution read accordingly
The majority Of the committee undertook TO say that
the plan OF the Secretary Of the Treasury should be
adopted. The minority did not choose lopeTe wise
" wentfurthcr They wished the majority to prescribe
rules to the Executive for administering finances the
country. In the first place they said plan Oiey did
not say wlat should be adopted to strip the Executive
of his power the PURSE OF The country In this they
concured with the majority and with himself that the
Executive should be deprived OF his present discretion
In the second place he coucured with the minority thai
the other officers should be allow cd to the money
of the Government.
MIR. A'riERTON. said the minority went further
They were in favor prohibiting all persons Whatsoever
from using The public money.
Mr.. Wise said he went full length with the gentle
man. lie would allow none The privilege Of trading up
on the public money In the third place the minority
said that they would separate the Government from all
mceeyed corporations. lie (lr. w would 90 that. too,
he went for tie doctrine in its full extent Now all
three of these doctrines which he had named assert
ed by the plan Of the cus of the President lie should
vote for the amendment of the gentleman from New
Hampshire, MIR. ATiheston; although he Preferred in
stead Of nsructing the Committee Of Ways and Means
which had already said it wo;'id not concur IN any
plan but that Of bank which had been twice presented,
and which they knew could not be adopted-hat the
port and resolution should be referred 10 the Committee
of the " hole on the aiate Of the ni01. " thea in that
committee, there would be found bill fully answering in
its character to the instruction proposed lie anxious
10 90 INTO the Committee Of the w hole yndcae this
measure TO exhibit all lis details ne by line, and To show
that comroricd with the instructions reported from the
minority Of the Committee of Ways and Means lie wish
ed TO show that guarded the public funds that II Sc
paraied the Government, from moneyed coporatons that
1t devised system of law for the regulation OF our Imam
ces and that II in all respects agreed with the true Dem
ocalic theories of the present day and OF the past time
lie would show that the mod caiion Of the sub reasu