The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-26


not to say, in coardyl Was that the way in which they
We're disposed to give the men and money for the prose-
cntion Of the which the administration asked for
Were the gentlemen in favor Of doing il promptly, and
would they at the same time employ their whole time
the discussion Of measures which had already passed
that bodyassed in of the most memorable and talent
ed struggles which had ever taken place upon that floor
and IN which debate, there no man more prominent
or talented than the distinguished senator from Maine,
Mr. EvANsl who was now in his eye! But that mea-
snre was now disposed of, and gentlemen spend
ing their time, not IN the consideration of measures
which the Immediate wants OF the country required
They We're talking about the tariff of AZ, and the
b-treasury-he one OF which had been repealed, and
the other become law Besides this the gentleman oc-
cupled great deal of time in congraulatng himself upon
the fuhlment OF his prophecies, II might be that all
these prophecies had been fulfed but his friend from
Name must know one thingthat much the larger part
OF political prophets had to labor day and night for the
purpose OF bringing about the fulflmen OF any predc
ton. Precisely what had happened would happen IN
similar Was 1t necessary Tor the gentleman IRON
Maine, the gentleman from Delaware, to employ their
in ha. nf baew Of aod hs hcx
learned from higher authority The question was not
whether the treasury was empty, but how to repenish
it. They all knew it was empty, or about becoming SO
All admitted the fact that they wanted money, but how
did they propose get it The only mode the mode
which the government had recommended II was such
the government and its supporters had not advised the
best means of etectng the object he would ask the gen.
emen who senuousn opposing this plan to bring
peter IeeFbd Or
VI
only say that their hopes as frai spiders web
The 1912 would not be revyedhat OF 1916 would
no. be repealed Gentlemen could not expect it Hence
Of the one the ancied evil Of the other But could
not be that there would be this difference of opinion if
of the object before them Did not gentlemen see that
by advocating the revival of the tariff of 1872 they We're
engaged upon the wrong side Could they be blind to
in which the system of low duties had triumphed, and
which was likely to triumph in this country Why,
they to accommodate their plans for raising this loan to
the banks and capitalists OF this country Did banks or
capitalists furnish loans unless made their in
erest to do so He asked again if they to be tram
meed in the passage Of this at every step! If
gentlemen were to contend that it fundamentally
wrong, why not bring forward better one They
would not give them their plan He called upon
them in the of the country to let them have theirs
Ii the design of gentlemen TO embarass the
of the admnistration--to procrastinae the war-how
could they do it efectuay than by the they
were pursuing The senator from Connecticut had said
that his objection to the bill this power to res-
the notes was to be for two years and half after
when? Did he know when the war would end Did
he wish them to say when, and thus to induce Mexico
to say, "Wel wait till the treasury of the American gov
ment is exhausted J" That was the effect OF his argu
ment Was that amendment then calculated to any
portion OF the demands OF the public interests He could
not how. He hoped therefore, that this measure would
be adopted without the amendment, and that when it
should have been thus disposed Of that the other mpor
tant measurable army bill would be taken up and
The question was then taken on the amendment of
Mr. HUNTINGTON, and decided in the negative by yeas
and nays, as follows
Clayton, John Clayton, Corwin, Cruenden Davis Day
ton Evans, Green's Huntington Jaragn, Johnson OF Lou
sens H Man and M Phelps Sim
NAYsnMessrs Allen Ashley, Atehson, Atherton, Bagby,
Dix, Fairfield Hannegan Houston, Lewis Mason Niles,
Rusk, Sewer Speigh Sturgeon, Turney Westcot, and
Mr.. EVANS then addressed the Chair-I venture to
move an amendment, which have thought
Mr.. BAGBY. do not hear the gentleman.
Mr' EvANo say propose an amendment, though
sure Of gentlemen the other side of the chamber
This, he continued, bill to raise loan by issuing
nounced It seemed very important that all bills Of this
kind should be very guarded and restricted He could
not say that the provisions Of this bill seemed to him
to be redeemable in three different modes First
they payable at maturity Second they were then
receivable for all public dues. Third, the Secretary
In the treasury note bill OF 1s37-that original of all
treasury notes-they not reasonable after redemp-
ton; and great resistance was made at that time to the
proposal OF conterng this power upon the Secretary AT
the next session OF Congress- he said he could not get
along without that power for he collected all his reve
nues in treasury notes AT the second session of Con-
gress when that bill was passed, law made making
them reasonable when they in. That was one OBJ
lection, but the 18th section of this bill went further
than that In lieu of the notes which might be redeem
ed It provided that other notes might be issued so that
the Secretary might reissue them under whatever cir
cumstanccs they were redeemed; whereas his own pur
pose was, that when the Secretary made redemption
OF those notes. nvoluntariy his part. he might have
power OF issuing them again. 1t intended to
give him the power OF redeeming the OF the
treasury, and then reissuing them Let them see then
the danger of the provision There was treasury note
then- might be below par-approaching the period of
its redemption The Secretary Of the Treasury might 90
next day Why should he do it! He might at any time
be taking IN these notes under the provisions of the sh
and 18th sections taken together and the very next day
be issuing them again He very willing to give him
the power to put out those notes which might come in
through the custom house; but he would give him
the power to purchase them at maturity whenever he
pleased and put them out the day. He therefore
proposed IN the 18th secton to strike out the word re
deemed and insert the words received in payment of
public dues prior to their maturty" and in the sth sec
on to strike out the clause giving the Secretary the power
to purchase the notes at par There necessity for
that par They would be in situation to need it
and might put In power to purchase notes, not worth
par, II the Secretary wished IT. for the sake of fayornp
the holders thereof and then putting them out the very
Mr. CASS said He rose to express The sincere hope
that this bill might be allowed to pass and that il might
be allowed TO pass without having any other proposition
attached to It, The crisis of the country inevitable
and their hestancy to meet it. would nure them both al
home and abroad He had this morning taken the trouble
to compare this act with the for similar purpose of
1914 and lS37and he might have continued the invest
igaton with the intermediate acts but it was unnecessa
ryand he found in those acts substantially the pro-
but they unmporant and all the acts went upon the
same general prncples-a guarded the treasury in the
same general way. He repeated the hope therefore
that his bill might be allowed pass substantially as
had passed the House of Representatives He would re-
mark, that this was complicated and difficult subject
this subject of the revenueths subject of providing for
contributions to the public reasuryit was vast and COM
pcaed subject, and he well aware that they could