Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-01-27
The Treasury Note Hill.


The National olgeneer Of Monday last contain. q
brief address Of Mr. Miller, of New York. his consii-
tuen,, prsfacng speech which he had intended deli.
the floor Of the House of Representatives, the
bill authorizing the issue OF Treasury Notes, the
OF nearly thirty millions Of dollars. which passed that body,
few days ago, tho Union eKuungy ptocams, at
heat" Upon this important question, requiring as Mir.
Miller justly remarks at least the prcence of day
dave debouton, the House permitted debate OF only
h0Hr and ftoenfy 'ainHtes! And this too, with
any exposition from the Secretary OF the Treasury
without any report from the commitiee-without any
PLANTATION from the chairman, OF its effects upon
credit of the country, It's currency its business Just
bill prepared by the Secretary OF the Treasury
promptly sanctioned by the House, all debate being
cut off by the previous question: rule of legislative
proceeding adopted originally, and until recently
preied Tor the purpose OF conhnng discussion within pro-
per limits, but which unhesaungly made
suppress debate altogether, The energy" OF this
ment affords great qualification the Washington Union.
which, after having leclured and scoded the sovereign
Congress-" latter fashion OF the Mexican minister OF
hnsnee several days, for the hardness OF
movements could do less than erol the rapidly with
which It passed law, converting the Government into
Bank, and filling the national exehequer, with the
constitutional currency OF gold and silver. but with
mere paper promises pay-though is obvious that IT
Congress abolished altogether aud the entire opera
lions the Government left the sole discretion OF
the Executive there would be lIte complain
OF Of energy this country there in Russia
Turkey!
The Executive Organ pleased regard the issue Of
Treasury Notes Iui.cious mode OF furnishing the Gov.
eminent with MONEY But upon wha, basis DO these
paper promises rest When and kolr they re-
deemed The duty Of providing TOT that thrown upon
a future Congress; Gentlemen who prompt enough
to authorize the OF twentyeight millions OF Tressa
~ Notes, refused provide in the bill oI their
dempuon. They bold enough to borrow &" at
heat" but they would the imposition a
tax the purpose providing and means what
they borrow. They for throwing the responsibility
dcemirg Obligations which they have hesitation
tracing upon those after They have
laid a. one heat" the foundation Of a NATIONAL Der,
the ultimate amount Of which sagaoy ioicsee
and, instead OF devising at the same time efficient
venue SYSTEM the emergency which their opn.
ION Justcs the conversion OF hard-money Government
manufacturer Of paper promises, which vii soon be
greatly below par, compared with irredeemabe
hankrags they determined adhere the existing
tariff OF duties upon imports while they reco from every
proposition which squnis at a direct tax WHAT'S to be
end OF this wreiched policy OF adhering the madness
Of party pride, TO system in time Of war, which
the most sagacious believe inadequate 10 the
Vi the government IN period OF peace Why
do the VINO have shrunk from the responsibility
involving the county costly and ssnguinary conflict
lack PROVIDE by taxation, the necessary Tor
OF circulation shall be filed repeon the Treasury
Notes now authorized be issued Are they to 20 on.
''niug Pclon upon Ossa, and Ossa upon Peion" unit
like French AssiRnats and Continental paper
they sink, through all the O! Depreciation to utter
worhlessness This be the result, # the Mexican
long continue should tile Government remain in the
hAuds Of those have the courage meet the crisis
IN the face, and the responsibilities which the
expcncy OF the occasion demands. II manifest that
true tneir demagog1e instincts they fear and dsrust the
people whom they aer aud caJole They apprehent that
their popularity will be shaken they to impose upon
their constituents tax, which the breath they ad
60 be necessary sustain the Government the pro-
Of popular war; But in opinion they do
the people gross injustice by such supposuon. There
not an American citizen whatever may be his opin-
regard the necessity the justice the war
self. does desire the adoption by Congress Of the
most cent measures for its prosecution 10 speedy and
honorable issue There is who will not condemn
that representative especially, who usufyng wa1 and
IS aneceden shall faer the adoption Of the necessary
supply the Treasury with funds. well the
nv with men. We; there such men IN CoHgress-who
gloy the and s authors, and who yet refuse I'm
pose the necessary carry on-~ho ready
nough for the manufacture Of TreaiuTy Notes, IL
need be, by the hundred but whose
iormy beefd uuerng may" to every proposition which
looks the provision Of give cred, those
and ultimately to redeem them
The tundcverodl speech OF Mr. Miller who nevertho-
less voted for the Treasury Note Bill ION the ground that
he would deny the Administration nothing that 1t asked
clear aud forcibe calculation OF the folly Of relying
upon this all times Objectionable mode Of meeting de-
fcent He likewise demonstrates that the entire
fiscal policy o the Secretary Troasury-inc.du
hs rcrsRuc" Tariff and the sub Treasury under
existing circumstance result dsa-ir1usy both to the
Government and 10 the County. We regret that the de-
mauds upon our columns will deprive Of the pleasure OF
Its present insertion We sAal avail ourselves. however
OF the first which offers to lay It before read