Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1869-02-11

SENATOR NJ 4KsERY q KssTrcKr-
Senator MrCr4ry'. maiden etfo in the
Senate bas7ex ed much favorable CON
mem. and ned the honorable gentleman
has hi. hand ?" it is believed that he
will hereafter ke an active par, in the
deliberations Chat body. Tae manner
n which he p fed. a. it were. with the
knotty slbiecttf finance. convinced all
who listened { bat be Is thoroughly con-
versant with e working Of our national
monetary syst u. and is able 70 cope with
the best mind IN either side Of the House
IN discussing questions calling for the
exercise Of (gh order OF ability. HI,
speech in the ena.e on Weln esday also
exhibited the 9act that he is the poss r
Of DO small fefd of mother wit, which be
can WELD TO Sing a. well a. anuse Fol-
lowing Senator Sherman whose financial
views rec i've fair share of respect from
thememtcrs 0 bis party. Senator McCreery
commanded u entire attention Of the
concluded. Sal the recipient of quite an
ovation from both Democrat and ReFub-
lean members. His speech. which was
in opposition the financial theory Of
Senator Morgss, closed as follows:
Ia he plan Of resumption proposed
by tae abIe 81 Ia or from Indiana. ni> OWN
mtsgiv!Lgs as to the resu are Swallowed
firth. Why does be allow six months
additional tips 70 the National Banks !:
Tae u2usil lkna dde resumption
: nt-Lhe E1Arn-
uent, the LaaEs W-'l % able 10 resume
There is nothing IN their business nor IN
their situation taat commends them IN an
especial manner TO tie fostering care o.
Congress. They are sixteen hundred or
more in lumber, with capital of $780,
600, 600, upon which they draw from
Government yearly interest of $24.-
600, 600. This sum is paid to them with
the privilege o: aeecing the people out Of
$50. o00. 900 more. They ars prob-b bly,
As well to do IS sny. Institutions in the
country But the provision was not in
tended entirely for their benefit. They
are required TO hold an amount Of green
backs equal to their circulation and. by
po.tponing the lay Of their resumption,
they are relied on as safety valves to
withhold the greeubuck. from presenta-
ton for payment These banks are gen
orally conducted BY men Of sagacity aud
foresight in financial affairs knowing
that gold un Ter any.eircumstrnces, would
be as good as greenbacks. IT is fair TO
presume that each bank would have a
trusty agent in Washington on the lst
day Of July. 1871, and all Of them Noa d
be instructed to be convenient to the
Treasury Department when the hour OF
resumption should arrive and when II
did come, without the sound of drum
or the note Of bug lie, they would move
~ the ouset,
Firm-paced and slow, serried front they
form,
Still IS the breeze, but dreadful "A the storm
rGrcat laughter. If the Secretary s ould
desire TO reuder impartial justice to his
customers, It will require force of six
teen hundred money-counters to meet
the demand Let him ap. oint that mum
Der. aud The sun OF that day will set upon
an empty Treasury Laughter.
The Senator is tall. heavily built
man, aud is just ones ideal OF . Ken
tuckian. H. is bald on the top of his
head, but i'll retains heavy fringe of
dark iron gray hair, which well becomes
his c6sv - uigni6ed aud patriarch al
appearance. lie dresses richly, but hot
carefully, and WITH his coat thrown back
and bis broai black ncekerchlet depend
ing halt united from white Byroa col
lar of immense proportions, he would
give the beholder sAe impression that he
cared less for fashion than for comfort.