The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-31
cratic stats frsn~sy While the eleven states Il,
are for Il, are all asw OF rate


cratic stats r.nssyissnis, While the eleven States III
are FOR u, are all Democratic
This was In the speech as delivered by MI. Dal
las And why did he strike it out of the copy he
furnished Tor the pressl Because he bethoughf
himself that, as Vice President OF the United
states, he was not the mere organ OF the demo
cratic party. But the fact that he did make this
statement TO the Senate, shows that he considered
himself the instrument of the democrats, rather
than the vicegerent of the people at large--or ra-
ther that the people exclusively made up of the
democratic party. Again, by classifying Penn.
sylvania as the only democratic State OF the eleven
that voted against the bill, there Is "an awful
s9unhng 4. Iea ,S renhsy ,h GU. q the
voting for the bill are democratic, Mr.. Dallas
finds, and did positively declare, reason
for the decision which he gave thus thought
lessy, upon prepared and dgested speech,
be confined TO his obligations TO his party,
to which Pennsylvania had lost all claims by be-
ing found in association with the wings. We
hope the Doyesfotcn Dem0craf, perhaps under
pay To misrepresent the division of parties upon
this tariff bill, will put this little leait OF Pennsy
wanna tobacco IN his pipe and smoke it. For the
hagitious misrepresentation oil the House vote, we
had intended taking the hide off this small con-
Germ of Democrat, and we now admonsh hun
to "tell the truth and shame the devil" We have
strong regard for the truth, and the whole truth,
and that is why much as we esteem the intre pfdi-
ty Of Mr.. Dallas, and strongly as we commend the
bold and fearless decision which he made, that
we have chosen to give this suppressed extract
from his speech in the Senate. 1t was intended
for the especial edification Of Pennsylvania aud
doubt not she will be deghtd 10 find that after
all she was not forgotten by her favorlte sor the
Vice President of the United States It's great
thing to be remembered in great emergency
Having disposed oil this case for the present.
we come to the sub-treasury. The bill was taken
up in the Senate to-day, and Mr. Lewis frankly
told the Senate he desired it to be passed without
debate.
" And thereby hangs tale"
A number Of verbal amendments were agreed
to, seriafim. The Vice President came 10 The 2lst
section of the bill, in which we find the following
clause -
"And every such disbursirg officer when the means
for his disbursement furnished him in gold and sill
shall mako his payments in the money furnished
when those means are furnished to him in drafts,
0hh cannot be dsbursed at par shall those drafts
to be presented at the place OF and properly
paid according to law"
The words in italics are an amendment made
in committee, by Mr.. Lewis, at the request Of the
Secretary of the Treasury. A glance will show
you that they make the Sub Treasury bank of
crculaton--a sort of nationl machine for grinding
out shin plasters by the barrel. COL Benton fell
upon this Interpolation pell mel, and denounced
the old Sub Treasury as humbug, full of creep
out holes AS an example of its operation, he
produced two confidential letters of lS40-one
from Mr.. Crawford, then Commissioner on In
dian Affairs, to Mr.. Joshua Pitcher, Indian
agent at ST. Louis, directing him to pay the
Indians their dues in lot of notes in hand
..
was expedient to dispose of in some way, be-
cause they were at depreciation. Mr.. Pitcher
confidentially replies, that he will do such
thing, and substantially declares that it would be
the confidential acts under Mr.. Woodbury., as
Secretary Of the Treasury under Mr.. Van Buren,,
though made to apply to the 'creep-out holes" OF
the old sub,treasury humbug, has another and
a more insidlous application. Mr.. Woodbury. is
free trader-Mr. Walker is a free trader, and
Benton in his heart is opposed to these men upon
this very principle He believes it as much
humbug as the old sub-treasury. And this clause
for the reissue OF drafts, as interpreted by Mr.
Benton, signifies that the same frauds (lor this
Indian business was palpablc fraud,) are as
likely to be perpetrated under free trade MIR.
Walker, as under free trade Mr. Woodbury.. if
you will only allow him this "creep out hole.''-
Speaking upon this amendment Tor the use oil
drafts without limit, Mr.. Benton said it was equal
alarge man, Cooking at Mr.. Lewis, the largest
man, by all odds, in the United States,) large
man could get out Of this .'creep out hole" sir.
The fact is, Col. Benton is Of the old Democra-
cy He believes this present Administration is as
spurious as William Pitt regarded the dynasty OF
Napoleon, and like Pitt he is resolved upon the
restoration Of the p Bo9rbons r. All these great
looks upon as being in ilegitimate unsanctified
hands and regards their assumption by this Adj
ministration as u species OF presumption, which
no man, who is a regular sc in-and-n" Democrat
can allow. He will therefore do all the harm he
can to the powers that be without harming himself
He approves OF no measure, but he endorses them
all or rather. in his chary support OF any great
measure he gives side blow at the Admins
tration for presuming ''sparsorship'' over that
which it has no legitimate claim. He in
tends to forget the Baltimore Convention. He
has no idea that the overslaugh OF Mr.. Van Buren,,
confers legitimacy to the existing sovereignty.
MIR. Polk, like Napoleon, has done all he could to
conciliate the Billy Pitt of the &c old regime" but
he has not succeeded, and will not succeed IN per-
suading him that the present Administration is
legmately in power.
Upon this amendment, however, old Bullion is
right. 1t will make the sub-treasury a bank of
circulation. Mr.. Allen vigorously and nanfuly
sustained him in this idea, and between these two,
in opposition to Messrs. Lewis and Calhoun, the
afternoons discussion moDopoliZed. The
wings looked on with evident curiosity The Sc
nate adjourned, leaving the matter standing ut
issue.
Now, no doubt Mr.. Walker desires the privilege
of drafts, in addition to treasury notes, as sub
stitute fo0noney, in the pressure which any man
can foresee is about to come down upon us. He
wishes to soften the shock-to keep off the day
of settlement by paper expedients, which will
only delay the crisis to augment its crash upon
the business of the country. when il does come
1t is to come, and Mr.. Walker desires to pest
pone it by paper infiaton to be sustained from
an explosion till after the next Presidential
paign, by drafts, and loans, and treasury notes.
The new tariff is not expected to SWIM OF first
alone--it must have bladder under each
till the waves subside. But the great misgiving is
in the fact, that revolution commenced upon
paper money, is likely to terminate IN a national
debt. Why, sir, we now tell you there
will be deficit in the Treasury in De-
cember next, including loans and treasury
notes, and debts of all kinds of not less than
$26, 600 OOO equal to the whole of the receipts,
upon the customs under the act Of AZ No won
der then that Mr.. Walker should ask the privi-
lege of paper-money in the form of drafts, when
at a par values of course, as Mr.. Allan says, when
the bank is broken nobody will take the paper.
We don't know what they are going to do about
it, The case of Commodore Moore was up for
several hours to-day in the Senate, of which SUBJ
iect we shall write tomorrow.
Dlspassonately