The Arkansas banner., 1845-01-15
SPECIE BILL. ]"


 "The Wings (says the Ga-etie) with few excep. tions were opposed to it's passage both before and after the yeto."
 When the journals make their appearance, they will tell quite different tale from that. Judge Triabie and Mir Bean, of the Senate, were the prn- cipal advocates of the Bill, and in the House Mir Brorn, of Seyier, the author of that very sec ton which the Gaeeite says was inciaded expressly for He 6eaeGt of he members. Again, il will be re- collected that the House passed specie bill which was lost in the Senate and though not present when the vote was taken, We have been informed tha' nearly every Whig in the House voted for it. We intend to lay this matter fully before the country when the journals are printed
 Moreover. it IS certain that the Wings pocketed the specie as eagerly, after the passage of the bill, as the Democrats. But those Democratic members who voted for the appropriation bill do not desire to shrink from the responsibility of it. nor do they de sire us to make an apology for them. They think they had many good and unanswerable reasons for passing the bill, and that they satisfy their con stituents of ifs justice and policy.
 We will say this much, however, that it is not such us the specie act of the last session. 7aat gave the specie exclusively to the members his divides it among all the officers of the Govern ment, after giving the members the first haul at 1t. But the disposition of a small amount of specie was not the great feature design of the bill Here toore the revenue of the Government has been col eeted and paid out in depreciated Bank paper. This system served only to fatten brokers and spec uatng sherls-kept aloat a circulation that should .I..4rN ,A the officers of the Government such miserable pit tance as not to induce of the best talent to seek thein and was in all respects curse rather than benefit to the people. Under the appropriation bill, passed at the late session, the revenue of the State is to be collected and paid out in specie the Bank circulation is to be absorbed ill the payment of Bank debts and destroyed as it comes in, and the whole revenue system of the State is to be reduced to a specie basis, which is the only true Democratic doctrine.
 And although the notes of the Arkansas Banks not to be taken in payment of taxes yet as the fiscal operations of the State no longer to be car ricd on in this paper--as under the provisions of this bill il will be continually coming in, in payment of Bank debts, and will not be thrown into crcula ton again, as it before the passage of this act but will be destroyed-the amount of Arkansas mo- ney will be decreased daily and on that account it's value will gradually advance, instead of depreca- ting, as the Gazette supposes. On the contrary, fl we had continued to collect in the Arkansas money, and throw it again into circulation it never would have appreciated above it's present value.
 We think no good Democrat can complain at that feature ofthe bill which provides for conducting the fiscal affairs of the State the specie basis. As for the Whgs, and particularly the Gaoetie, it is their habit to complain at any and every thing done by Democrats, right or wrong, so we need not expect to please them. We will have grert deal more to say on this subject before we done with it. In the mean time, we beg our Democratic friends to sus- pend their judgments about the appropriation bill until they hear the defence of those who voted for it and then to judge in all good charity of the