Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-12-24
asfr1Dt1oauu azt1nntrR9.

t.ran from Massachusetts could make his mo-
ton when the committee rose and reported inc OH
to the House. :,
INGERSOLL asked whether It would
be in order 10 move an amendment 10 Inc molion
OF the gentleman from Virginia (Mr. Dromsoole)
that the committee rise, with instructions 70 re-
commend that the bill do not pass.
| The CHAIR was understood to say II was
not.
| Mr.. ADAMS stated his objections TO The first
secton-substantially, that the Treasury OF the
United States was, by this section, limited TO the
building, and the safes and vaults in this city, and
permitted, contrary 10 The provision OF The Con-
sti,ution money 10 be drawn in the absence OF ap-
preparations made by law.
Mr.. DROMGOOLE replied The gentleman
from Massachusetts had made this objection on
previous occasion, and /; WAS held not 10 be Sood
then; and he believed itwould I've held not TO be
good now Buta complete answer to The Objection
was found in the 18th section of this BILL which
was in these words
SEC. III. AId be II further enacted, That the mo-
news in the hands care, and custody of any OF the
Repositories constituted by Ibis act shall be con-
.;dered and held as deposited TO The credit OF Trea-
surer of the United States, and shall nc al all times
subject 10 his draft, whether made for transfer or
disbursement, in the same manner as though the
said monies were actually in the treasury OF the
United States; and each depository shall make
returns 10 the Treasury and Post Office Depart
menls OF all moneys received and paid by him, at
such times, and in such FORM IS shall be directed
by the Secretary OF the Treasury or the Postmas-
ter General.
The gentleman would see, Their, that provision
was made 10 meet The objection which he had
raised-by which il was provided that the money
in The repositories was subject 10 the drafts OF
the Treasurer, in the same manner as II II was
in the treasury Of the United States. The
money n the repositories was as much in the
Treasury of the United States, under the con-
sruction of this section as the money in the par
ticular building here designated; and no part OF
j, could be paid out, but in consequence OF ap.
preparations made BY law. This bill was lull
OF guards and checks to prevent an improper
appropriation OF the public money. But where
were The cares and the scruplcs OF the gentleman
from Massachusetts, and the party with which ne
acted, when they placed the public money in
banks without the operation OF law and made
il subject, in like manner, 10 transfers from one
part of The country 10 anotherl If there were
anything in the objection of the gentleman from
Massachusetts, how did itsink into inSiSnitcance
in comparison with those objections which pre-
sented themselves 10 the existing system, which
had been brought about by the hasiy and neon
sidcra,e repeal Of the Sub-Treasrry act-which
the language Of the great embodiment OF Wing
gery, ain a lawless condition?" The passage OF
this bill would prevent the treasury from being
any longer sin a lawess condition: = il would
nut the public money in better and safer custody;
and this was the desire of the people, who had
decided in favor Of this SYSTEM on The great issue
being made between ii and Bank of The United
States If, then, the rc-establishmcnt of Ma
tonal Bank be an ''obselec idea," he appealed
to gentlemen if they woui not put the treasury
in better condition than it was in now, in con-
sequence of their hasty repeal OF the Sub Irea-
sury act, by the passage oil this bill their own
scheme being hopeless. There was now no law
10 restrain the arbitrary will of the President OF the
u S. in the removal of the public deposites, and
the placing Of them in such repositories as
he pleased-whethcr Of irresponsible corpora
tons or Of individuals. Millions we're now thus
removed from one part ofthe country 10 another,
BY the mere dictum of the Executive, who bad
made an inlimatiUn in his annual communion
ton To Congress that the favor Of these depoSes
would be taken away, when the conduct of the
dcpositarcs was not such as he should approve.
He had hoped that under existing circumstances,
the gentlemen in opposition would have allow
ed this bill 10 pass with as lille debate as they
permitted their hasy repeal bill 10 be enacted in
to law
Mr.. BARNARD was anxious, il the bill was
10 pass, that the amendment proposed should be
made 10 relieve ii from the great objections urged
against il by tie gentleman from Massachusetts
Mr.. C. j. INGERSOLL thought the act Of
1850, with the resolution Of 1916 with some
simple adaptation 10 existing circumstances,
would answer in lieu Of this bill They were
plain and safe, and were free from cumbrous ma
chnery.
Mr.. r. INGERSOLL sustained the Yiews
submitted BY Mr. Adams and Mr. Barnard and,
in The course OF his remarks, said, that what
ever were the faults Of the Exchequer plan, he
unprecedented .,ial the Sub Treasury was the worst
OF all schemes that ever were presented to the
consideration Of Congress
Mr. DOUGLASS commended that the question
OF the Independent Treasury was decided By the
people in the late election especially; and he called
upon gentlemen opposed 10 il TO bow in submis-
sion TO the public will.
Mr.. c. 3. SMITH opposed the bill, and ex-
pressed his surprise that gentlemen should insist
thai the old, exploded system o. The Sub-Treasu-
~ had been adopted BY The people. In Indiana,
ne knew, the leaders OF the Democratic party de-
MED that this was an issue in the canvass.
Mr.. a. KENNEDY rose and said he had
not intended 10 enter in'o this debate nor was
that the purpose With which he had now risen;
his object was 50 clear the Democracy of The
State Of Indiana from some Of the misrepresenla-
lions OF his colleague (Mr. c. 3. Slniih.) He
had thought that, of all The States OF This Union,
The Democracy OF Indiana was entitled TO the
credit il credit it were, of fighting this last battle
on principle, and on principle alone. There
was no question at issue between the two par
lies which divide the country that was evaded or
lodged in tina, section of the State in which nc
resided There was no Democratic candidate for
eector-thcre was no member of the Democra-
tic party now occupying or entitled to seat on
This floor-iherc was nc Democratic speaker in
Indiana tina: be had either heard or heard ot-in
shcrt, there was no Democrat in Indiana that al
any time repudiated the question OF the Sub Urea.
sury. There were none that were not, at all
times and in all places, ready 10 discuss that
QUESTION, as well as any other question, with
any OF their political competitors. So far as that
question was concerned, he was free to say
that it was not leading theme OF discus
sion in The late contest, and for The very best rea
sen, because they could not get the Wings 10 take
issue with them upon II. In that contest they
were brought to the issues which involved great
principles for they had no man with epaulettes on
his shoulders, nor one who, though ne had been
fruitessly seeking the Presidency for many years,
had thousands and tens of thousands singing
his praises in every conceivable poetic measure,
to bear their standard. They had for their candi-
date plain, unobrusve man: and on the flag
Which, iC pOiC "CiS lioii'1 aba IasS''S'o'l 49,
ten the principles they prolessed, and they raj
lied round their s,andard-beaIcr, not so much for
love Of the man, as of the principles which, on
his banner, were inscribed. True, in Indiana they
did not advocate free trade, as the Wings pretend
to understand it; but they advocated the plain,
well.known Democratic doctrine, as far as The
Tariff was concerned, from Maine TO the Bravo
del Norte. [Laughter] That doctrine was known
10 be revenue Tariff, with such incidental
protection as such Tariff would afford. Farther
than that they never went On the question OF
the currency, they were opposed to U States
Bank, or any association Of Banks into which
the treasure of The nation was to be poured, and
there frittered away by any man or set Of men
who might be behind the scenes, In Indiana.
they were against any sush 'hxins" Laughter
They were for an independent treasury, depend
ing more than on locks and keys, on good strong
laws for their security. So far as annexation was
concerned they were NOT for Texas any sooner