Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-22

From the baltimore FdhtOt.
INTERESTING DERATE IN THE SENATE.
Our Washington correspondent in the following letter,
gives spirited OF the interesting debate IN the Sc
nate yesterday the state OF the country;
WASHINGTON, February l4th, lsi3.
There was IN to-day that general showing OF
hands which | predicted last week wond be produced
by Mr. McDuFFE's resolutions IA elaborate speechtrom
Mr. EVANS was followed by demonstration from New Jer
sew in the hands of Mr. DAYroN-thce or our long pro
positions from Mr. RIvEs-a noisy haangue from ALLEN
of Ohio-an interutory Mr. BycHANNAN and lneiden
tai remarks intersrersed, by MesSrs CAIorN' WALKER
MeDurrrE and others The great feature OF the day. was
the mastery reply of Mr. EVANS the Senator from SCUM
Carolina. IL has seldom been NV fortune To sten 10 more
imnorant and interesting speech either branch OF Con-
grcs and never the sPecious arguments and ngen
Gus sophistres of the trade theorists more powerfully
combaed and ovcrthrown, than by te ao'e Seha'O' '
Maine, on tins occasion
Mr. EVANS, need not saw, differs from Mr. MeDvTFK,
as 10 the causes the crippled commerce and depressed
condition the general business OF the country and also
=, IN the remedy for these evils. Mr.. Med. had assigned
as the principle the shacke which the tariff act had
imposed upon commerce. Mr. EVANS cunienaed that
such was not effect Of that act 1t prohbtory IN
character 1t did not prevent eApoTihnon On he con
uary greater had been exported and at higher
prices since its passage than before The amounts OF mn
ports indeed had decreased but the falling oil was not At
trbuabe TO the Tariff other had operated nIuri
ousy TO it every other branch OF trade and business
All interests had suffered, and especially the internal com
merce of the country, well foreign commerce hau
the resulted from the operations Of the
Tariff there would have been IN the price OF the pro
hibed articcbu instead OF that those articles hSd actu
ally fallen in value. IL l. nouceabe also uat Were i
great ecxporaton of such articles which we sent else
where 10 find markets than afforded IN TINS coun
try. Mr.. McDuFFIE had argued a. If the stagnauon was
confined 10 foreign aene, and he could dscoN
er no cause for It, except the Tariff. But when we IND
every branch trade, agriculture manufactures, and IN
dustry deprcssed-thcre be cause common to
all Foreign commerce has declined, because the domes
tic business OF the country has declined. The former
dependent the latter Mr.. EVANS pursued this aTgu
great length, agans; the assumption that e ann
imposed shackes upon commerce, concluding II win tue
pertinent enquiry which the force OF demonstration
why. that assumption were true, should there be
falling off in tho amount OF free goods lmPoried-why'
for instance should the amount OF tea aud cOee De ui
minished.'
He then proceeded to state tine OF the evils
which the country suffering, and ascrbed them TO the
want that sound and uniform currency indispensable To
all commerce and 10 all business In strain OF clear and
forcble reasoning he showed the pressing want OF such
medium, and the necessity OF establishing H. III order 10 re-
the prosperity Of the country lie coniToNeed the
remark OF Mr. McDCFFE, that expansion necessarily de-
pecaes the currency II the currency IS SOUND, expansion
does detract from lis s'undnes nor does contraction
improve it, You may increase the value OF money by
tracing your circulation but YOU do not improve the cur
| Tsncy by any such measure.
One Of the greatest evils Of the present day unlucsona
bly the inequality OF the currencyitIs OF the chief
causes why lle business done II the curencies OF
different parts Of the Union all equally bad-though
that would indeed be depoTabe state OF thngs-sull bu
would pe done This inequality calls aloud for re-
medy.
The expansion which Mr. McDUFFlE made such bug
the OF Mr. EVANS, ming NO
luntary with Banks-it business that causes eNpan
sion; and remarkable fact, that nowwhen specie Is
flowing country in large Quantities Banks are
contracting They cannot expand they would, for there
i no business DONE and therefore borrow In
New York where interest Of per cent Is allowed
by law capitalists get five per ccnt for their money
Concurrng IN all that Mr.. McDUFFIE said Of the ninous
course Of the Jackson Admnistao destroying the Ma
tonn Bank md adopting the pet bank syem he could not
agree in Senator'S COMMUNICATIONS OF the bIreasuy
scheme. lie thought there little wisdom in the
fN Tla fnFFU had
been original ADOPTION and he repealed the attack which
had made upon the Wings by Mr. McDUTF, for hay-
ing contributed support the State Banks after the dePoe
scheme had been exploded. MI EVANS Truly SAID that
the Wings 1887 when ruthless waged by the
Van Buren, administration upon their pet institutions,
were thinking Of the Banks but OF the great interests
Of the country which had become mingled up and den-
fed with theIB The burden OF the Wing argument OF that
day mitigate the owls which were falling upon the
people 1t for their sakes that rallied the
OF the Banks and underworld 10 procure more enen treat
of them by the Government.
Mr. Evans opposed, IN very effective manner the extra
ordinary plan OF Mr.. McDuFFE TO reform the currency by
the progress Of eyenby continuing dcpross the people
keeping the Treasury bankrupt, and leaving thing
60 on may for three years longer. He had
faith in Tins natural process cOn'gatOn IN great
city would 60 out by natural causcs-bui not W had
red ruin and desoaOn and wide-a raging fever will
20 in time If eft u elf-e1prng with the death Of the
patient The evils pressing the country will not
he manaincd themselves and - the duty Of Congress
to apply proper remedy
Mr.. EVANS quoted the opinions Of Jefferson, Jackson
snd Calhoun, in favor Of the protective policy The read
ing Of the extracts caused considerable amusement He
adduced also many statistical statements showing that the
decreasing had resulted from other causes and
from the Tariff. lie uvpwCd likewise his belief that the
diminished demand for foreign fabrics evinccd by the falling
of Of imports would be most beneficial 10 the people IL
showed growing irgaity and economy, which all
should rejoice, although the Treasury should suffer
temporary loss from H. lie did not think that IN the pre-
state of the country u DESTROYS have large Inn.
portaons from abroad: that they would n any way ad
the prosperity Of the people. After some general remarks
upon the necessity Of Of economy and retrcnch-
IN the administration Of the Government, be concu.
dod with enforcing the propety Of the Senate adopting the
dccaatory resolution against the odOu doctrine Of rcpud.
alton, which forms If the series be- had submitted.
Mf. DkyToS next took the HOOr aud semitic the Choir
resolution which he proposed substitute for those II Mr.
EyAys. lie asked the indulgence Ot the Senate pass tic
subject over for the present end give him opportunity
speaking upon his proposition Here Mr.. RvEs
rpse, and presented string Of resolutions, also, by Of
substitute for these Of Mr. EVANS, but what connection
they had with the subject, could discover, will the
public any particular reason cor introducing them at this
time. Mr.. byAs, had said word 300 favor Of the
assumption Of State debts by the General Government,
had any other Senator That know Oye Mr.. RIVE grave
y puts forth ouna declaration against AssuNrroS either
by authority Of tc present Congress, Of any time here
after
Mr. MERErcE Immediately took the A5or and rernonstra
cd against any further expenditure Of time upon discussions
which could lead t. practical RESULT and no gave notice
that es soon be- could obtain the floor tomorrow, he
would move to lay he subject upon I've table. This called
forth from Mr. ALLEN whole yOilcy Of defamation IN
h- usual violent style, against attempts dodge r-ls
ton and he hoped Senators would prepared o. 80
yea or nay upon tho resolution, of Mr. Rvs.
Mr.. CALHOUN also seemed nightly iu love with Tho Vr.
gina Senator'S propositions There good dco II CO..
sull conversation upon the subject a around. md was
finally agreed that the question should be taken Tomorrow
OF one o'clock, tue resolutions end amendments
sysy without any further debate This least appears 90
Oche understanding butt very much question whether pro.
Puys o. So grryo and mOmeutOus character will BE- al.
lowed g. p1ss "sul sIsHfo NJ s.
For me Ighr
,,. LgScm"Rs, Feb. II, ls43.
Mh's Yves add.,~rE y,u 90 my las, number, endea.