Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1846-08-08
TREASURY DRAFTS.
in SENATE-AueUsr A.

I'm SENAIE--AUGUsT .t.
Mr. ALLEN and called the attention of the Senator
from South Carolina M CALHous) certain reported
marks Of that Senator in relation to the independent Treasu
r BILL wherein he represented declaring himself
any restriction being placed upon the circulation Of Tea
sury drafts mr. A. read portion Of Mr.. CALHouSs
marks upon that subject bts9 .vnlt if % th4W
Mr. CALHOUN said he believed that the report SUBJ
stanay correct His opinion in regard TO tho matter was
na nrst putting the syssua
of the Government from the banks there ought be
strcton imposed upon the circulation Of the Treasury drafts
and point Of fact thereafter unless experience showed
that II necessary There his opinion, OBJ
lection that could be urged against putting these drafts into
circulation by paying them to the Government creditor which
would not equally apply when was proposed to exchange
them for gold and silver He regretted TO be obliged to differ
somewhat upon this point with his friends upon SIDE but
he governed in this instance. In all others by the
vctons Of his Judgment ID q qesti481 iefdfs}
Mr.. BENTON said he knew of no such use ever before
having been made Of Treasury drafts allow the dsburs
ing officer Of the Government pay them away instead Of
money And he declared regarded IL as high crime
and msdemeano on the part of any Secretary Of the Tea
propose such thing making paper be Issued by
the Government circulating medium. ,;srs f+tt .tf
Mr. LEWIS made brief explanation, in the course of
which he took occasion TO correct Misrepresentation which
be said had gone abroad through the Magnetic Telegraph and
had been copied into all the Northern papers that he M
had proposed, the instance of the Secretary of the
Treasury, the issue Of limited amount of Government
ney and that the Senator from Missouri had resisted the pro-
position. II the Senator from Missouri had imputed
this consequences to the amendment which he had proposed
for the payment Of the Treasury drafts the public creditors
but he thought this position of the honorable Senator from
Missouri controversial II not intended to have,
would have, such consequence These drafts pro-
posed be drawn upon actual deposes Of money and paid
to actual creditors of the Government They would in this
way into circulation the than they were
provided by the original BILL exchanged for gold and silver
He opposed Government paper circulation, and be
had supported his amendment expressly the ground that
would not lead such Yet be had been
represented proposing lmitabe issue Of Government
paper He hoped the newspapers would hereafter do him
better justice. x ''st5'
Mr. CALHOUN observed that as far as he was himself
concerned he had apprehension that he was at all expos
ed the danger Of being considered favor of paper
rency His upon this subject had been expressed too
often admit Of being mscontrued by any portion Of the
community. ny
Mr. SIMMONS said he was somewhat surprised To hear
the honorable chairman of the Finance Committee continue
express the belief that bis amendment would il adopted,
have afforded greater facilities for putting into circulation
this paper money, as he called il.
Mr.. LEWIS Paper money, Others call IL.
Mr.. SIMMONS. Well, these Treasury drafts, then, If
under the bill originally stood they to be exchang
ed for gold and silver In the latter they were not like
TO become currency unless would give gold and
silver for them. And he believed il would be rather diff
cult matter to find any who would do this But as for
their being readily taken for debts due by the Government he
quite that many creditor Of the Government would
be glad to get draft before they got through the diff
cuies in which they would find themselves involved
He thought there very broad distinction between the
provisions Of the bill and the amendment The bill bad
enough stood, but it would have been si worse
had the amendment prevailed As the bill came from the
House there various restrictions-- aa
Mr. LEWIS. | did not strike out of them. L pro-
posed additional ones. t
Mr. SIMMONS. There various restrictions contain
ed in il, and yet the Senator set about amending it.
Mr. LEWIS. Yes by adding other restrictions
Mr. SIMMONS If the Senator believed that the 1reasu-
y drafts would have answered their purposes equally well
under the clause which permitted them be exchanged Tor
gold and silver
Mr. CASS here interposed upon point Of order. Inc
bill which the subject Of this discussion bad passed ne
Senate. II was longer before them and ne could sec no
proprety in discussing il over again.
Mr.. SIMMONS hcreupon resumed his seat and the DIS
cussion ceased. a,ia
We regret to see announced in the Abingdon papers, me
death, the Esd July, of Mrs. SaHAH D. faEsroS WIDOW
of the late Gen. FRAScs PHEsros, only cna o' 'ne os
onsh. Gen Wv C,xr,slI, Of revolutionary memory, and