Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1852-03-27
THE COMPROMISE.
TUESDAY, MARCH %, 1852.
IN SENATE.

Mr. HUNTER presented memorial of James Riley, Of
Cincinnati Ohio, claiming to have been the inventor and
author of the subreasury system and says that he want
ed attached to 1t the Of exchange the actual de-
poste of specie with any branch Of the Treasury and to
have branches in all the principal commercial points Of the
Union wherein any person might deposte their SPECIE
the Government to be made liable for it. and pay il
on demand change the depose the check of the
owner weighing the specie in and out under hydrosatc
pressure and the specie weighed out to count and weigh
at the mint and thus be branch Of the mint; and that
nothing should pass out Of II that would not pass there
so that the Government would be continually sitting and
purifying the coin Of the nation and to compel the Gov
any person deposting specie with any branch
leaving it there, to give to the deposor check to
ceve that specie at any other named branch without fee
or reward He that there should be but price
for the dollar throughout the nation and that there is in
nature nothing Of exchange in transferring specie from
one place another that the thing called exchange is
mere bubble and the Government furnishing it without
fee or reward the whole business would be suppressed
and nothing would be charged for it by merchants
would be paid for il by the consumer, and it would
duce the price Of all articles to that extent and the
mission and the risk even IL II the Government
thing to keep up such Offices the whole people would de-
rive advantages from them to ten times the amount and
would keep the standard Of price, weight and measure
Mr. Riley goes into very minute details in relation TO his
theory and says that here have learned statesmen
candidates for the Presidency without number who
had these ideas pass their BRAIN the thought that the
greatest revolution on the earth had been going on with
out bloodhed and that IL will go until the earth is
reSoutionized."
Mr.. HUNTER moved that the document be printed,
and the motion referred to the Committee
Printing.
Mr. SEWARD presented the memorial Of C. Hanson,
of Brooklyn New York. who proposes to Congress that
shall establish line Of steamers between Brooklyn
and Guckstadt, the Elbe, and TO Hamburger,
make some monthly passages between Brooklyn and
the city Of Hamburger He proposes to build four steam
eaoh the first two be ready In years.
and the other two in three years. He proposes to carry
mails and passengers at such rates he shall be able to
obtain He win DO this il Congress win give him the
first three years 300 900 per for the next three
years per annum and for the next three years
per for each vessel engaged in active
liable TO the objection which is brought against other
lines Of steamers which favored by Congessthat is
their interfering with the shipping interest Of the
try Of the tonnage and reghts between the port Of New
York and the Hanse Towns, three to belonging to
foreigners Nearly the whole Of trade between Con-
foreign vessels This line of proposed by the
win the United States the direct
carrying trade between New York city, which is now
largely possessed by Great Britain the transportation of
cotton between the United States and Germany win
amount TO $500 per annum.
Mr.. BADGER said the Committee on Naval Affairs had
asked to be discharged from the further consideration Of
the several memorials proposing to carry the mails to
certain countries among which the memorial Of Mr.
Vanderbilt proposing for additional compensation to
carry the mails weakly between New York and San Juan
del Norte In the Republic Of NicaragN, and between
San Juan del Sur in said republic, and San Francisco
He would that the memorial be referred to the
COMMITTEES on the Post Office and Post Roads, which was
agreed 70.
Mr. SHIELDS, from the Committee on Military Affairs,
reported bill TO increase the efficiency Of the artillery,
accompanied BY report, which was ordered to be
printed.
This bill authorizes the President to appoint from the
ocers Of the artillery brgsdier general who shall be