Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-03-23


wish couIdfee that it the days when
Mr. jefferson pronounced it. The Democracy Of the North
or should be the natural allies of the South in this, that
strict construction being the basis of their creed they there
fore should protect them in their constitutional rights the only
guaranty that the minority has desired and one Of which
be honestly deprived under confederation like
our This sort Of alliance Mr. Jefferson referred TO, and
this of alliance Mr. Buchanan claimed for the Democracy
Of the North II that be all that the Senator from New York
meant he used bad language to state bis meaning that
be all that the Senator from New Hampshire meant he
find the speeches of Mr. Buchanan full confederation OF
that opinion. Ii more the Senator from New Hampshire,
think, will fail in his researches.
In February, ls42 Mr. Buchanan stated what believe he
would still maintain he were here, and what understand
the Senator from Michigan my right (Mr CAss to have
maintained the other day. In argument the veto power
Mr. Buchanan said, a, the time to which have referred
LET suppose another of much dangerouo
character In the Southern States which compose the weaker
portion of the Union, species OF property exists which
attracting the attention OF the whole civilized world These
States would have become parties the Union had
their rights this been secured by the Federal
stution Foreign and domestic fanatics, from the be-
lief that they doing Gods service, and others from d.
spired emancipate the Southern slaves On this question
the people Of the South beyond the limits OF their Sases
that Of the Northern Democracy"
That is Mr. Buchanan stated Let the Senator from
New Hampshire produce any thing Of his inconsistent with
this Ii further ampfed and powerfully illustrated in
the continuation Of this speech To this speech refes the
Senator from New Hampshire in any researches he may have
10 make to sustain his assertion this subject have read
from it, because in it believe Mr. Buchanan further
than in any other and because am proud of the position
therein taken by that lustrous member Of the Northern
Democracy.
Mr.. CASS desire to say one word upon this matter
this discussion arises out Of portion of my speech the
other day. remarkng that the charge of the Senator
from New York against the Northern Democracy very
dspgenuous In answer, told the expression Of
Mr. Jefferson. had heard the expression before In
return, applied TO the Senator from New York TO know if he
intended to use it the sense in which Mr. Jefferson en-
\ M Vof irnor 10 thu
Democracy Of the North for adherng faithfully to the prov
sons and compromises Of the constitution. That the
way in which Mr. Jefferson used it. supposed the Senator
from New York intend to sur upon every gentleman
of the Deoatc party here who takes that ground but he
disclaimed any such intention
On motion of Mr. MANGGM the Senate proceeded the
consideration of Executive business after whiah, notion
the Senate adjourned.
INTEREST ON BOUNTY SCRIP.
Mr.. UNDERWOOD. If there be no further morning
business, will ask the Senate to indulge by taking up
the joint resolution which introduced days ago
laye the payment of dividends interest bounty
scrip, and which reported from the Committee Finance
with amendment.
The motion agreed to, and the resolution read,
amended by the committee, as follows
Resolved Sc That the Secretary Of the Treasury be and
he hereby directed redeemng and dscharging the ob
cations upon the for war bounty scrip which
assgnabe pay the assignee and holder OF such obga
ons all interest which aave been or shall DO de-
cared and apart and passed the credit of the obgee
upon the books the Treasury subsequent to the date ofte
assignment unless such dividends interest has been paid
the obgee before notce OF the assignment tse trans
ter of the scrip abon he books s The office Of the Register Of
the 1reasy, or The presentation tasreef for final tagoea
The amendment fthe comBaee is strike the words
within brackets and insert those in italics.
The joint resolution having been read second time,
considered in Committee Of the Whole the question being
on the amendment reported by the committee.
Mr.. UNDERWOOD. l hold in my hand one of those
bounty scrps and if the Senate will be kind enough
give me its attention will explain the Indeed the
paper itself will explain tie whole object Of the resolution
This paper bounty scrip, obligation upon the
Government for hundred dollars, being Communication
which the Government agrees to pay for the hundred and
sixty Of land given to the soldier II known that
many, perhaps thousands, Of the bounty scps have
issued the Western people for their services in the Mexican
The paper upon its face obges the Government
one hundred dollars redeemabe the pleasure Of the Gov
emen with semi interest at six per cent annpm,
payable the first day Of January and the fist day OF July
each year and this scrip transferable upon the books of
the Register of the Treasury when shall be assigned by the
individual to whom is granted and the scrip thus assigned
presented by the assignee to the Treasurer Now, sir,
upon the back Of each these Government obligations there
directions telling how the holder to assign the scrip to
the purchaser the terms of the assignment and the
10 which is be done all given This particular scrip
issued by the Of MacDanel, the Gath Of
February, S4s who assigned it to by the name Of
Helm. Now if the Senate will bear in mind that MacDanie
the holder OF the scrip that he assigned to Mr. Helm
the Oath Of February and then reccect that there three
dollars interest due the first Of July following the force Of
my resolution will be After the first Of July
Mr. Helm applied for the three dollars Of interest The Gov
eminent refused to pay. He says
purchased this scrip February and ss bought
in February and the face OF the paper authorized
present the very day bought and promised you
would issue scrip by transferring it the books of the
Treasury Department. why not pay the three dollars
Under the assignment entitled the dividends after
became the assignee of the scrip"
That the way the holder Of the scrip and makes
his application to the Secretary of the Treasury What
the answer he receives !! The Secretary says
cannot pay you the three dollars MIR. Helm BECAUSE
when first Of July arrived passed the three dollars upon
the books of the Treasury the credit of Mr. MacDane
did know the time made the transfer that you, Mr..
Helm, had purchased this scrip Having passed the three
dollars the credit of Mr. NacOanie the books OF the
Treasury, refuse to pay it TO you."
Now, sir, my resolution requires, with the amendment
made by The Committee of Finance that the whole Of this
scrip be discharged when presented the Govern
ment has refused to pay interest any longer upon it, that
whenever the scrip presented the interest sa to the
assignee with the principle provided that interest has accrued
and dividend been declared subsequent to the date Of the
assignment.
Now, sr il seems TO plain matter Of law and JUS
tice that, unless objection is made shall leave It
to the good Of the Senate dispose of There
be difficulty because, when the Secretary Of the Treasury
pays of the scrip, he will upon the books OF the Treasury
thai these dividends accrung subsequent the date OF the
assignment has been paid the assgnee and should Mr.
MacDane this CASE any other holder of scrip, apply
for the payment of dividends the Government will have moth
ing to do but to take original Scrip and show that
the assignee was entitled the interest," although passed to
the credit Of he original holder upon the books will say
more having, believe, sufficiently explained the
matter.
The question then taken the adoption of the amend
ment, and it was agreed TO.
Tue joint resolution then read third time and passed