The Greensborough patriot [January 25, 1839]

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' LKT ALL TUE KXDS WE AIM AT, IK OIR UOo's, 0VI COlTHTBv's, A-ID TBliTll's.*' Skjk'jirare.
MOW SERIES.] GREENSBOROtGH, N. C, FRIDAY MORNING, JANUARY 25, 1839. [VOL. II—NO. 37.
j. U. L'lsAXCY,
EDITOR AND PROPRIETOR.
Wffl RS88.
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COKtiRJ&SIOAiAL.
DEBATE IN THE U. STATES SENATE.
Tltl'KSUAY, UECEMttER 13.
FOURTH INSTALMENT OF DEPOSITE.
Mr. WRIGHT, from the Committee, on
Finance,IO whom was ri ft rred the annual
report ol the Secretary of the Treasury, on
the liiiancci, reported a lull further to post-pone
the fourth instalment of the o< [.os'ti -
with the States, under the act of June, IS-i)
S ; whicb was read.
Mr. CLAY, of Kentucky, laid tint h
the States that thiy would evontuallv re-
Ceive this money, if a definite day was' fix-ed
for the postponement, than if it was left
as provided lor in the bill, for the future
■CUM of Congress. If it was postponed
till the tiist day of January, 1-10, n still
lurthcr postpomiuuit would acquire tin
consi :.t of botkvbranobea of the Legislature
.is well as the Executive ; whereas, if the
Lull passed in its present simp., it would a-
■uouiit to an indclnmc poalponi met, with-out
a special act ol Congress, Mnelloned
liy the Executive, lie was [led the yeas
..nd nays had been called, as lie wished to
record hia vote" in favor of continuing the
bone that the. depoaite act would be eventu-ally
canted out.
Mr. WRIGHT replied that it was not
his intention now toiuicr into a discussion
ofihu lamentable defalcations which had
lately como to light. II..-had not the in-formation
to enable him to apeak to thai
body intelligibly on the sulj.ct. All h.-
knew with regard to Ihs3m was derived from
glancing at the very voluminous nu.ni of
the Secretary, which bud bcun ordcu.l to
In: printed, which was not yet laid upon
their tables, lie was as much dt raid ol in-formation
on the SUM .-i as the Senator whe
last addn sscd >hein. Bui this luuch he would
say, that il lit.;, ui.ilt. r w*s not thoroughly
nnoeretoorj-hy Congress and by the whoh
country, hi fore the cloee of the aeaaion,
u would not hi Ins fault. It wai out In-purpoac
to iio'ii out lo the Slelco expeetii-iions
that In- ilul not h Uevo could be rca-l,/.
ed. In September I ait the Co ittci
.... Pinatifi prelaw -I Iho same poitpom -
mint of this instalment, and on tho siino
terms that they now did. I'or liun. If, I.
thought that the time hail gone b_. wb,:-
they were atithoriz d to hold out any . \
sanction the idea that the money would be I for the purpose of hcepiirg"up the lurid".—
raised by taxation. This if the essential llo OMbacfl It With the aaaoe aaal'When a
question, and the only iiuestiun hi lore the i subsequent pioposition waa mad., to divide
Senate, but it is said that tho Govern- [the pruci eils of Ike aales of Iho public
inent should redeem its pledge , u,..i die | lauds, and again when it returned in Ike
good laith of the Govcrmni.ni is pledged |[insidious sha|>e of a deposite act. In all
lur tin payment of the fourth instaliiiei.I off this ha found himself susiuim-d by the
depoaite. Sir, if it is a debt due b) the |young State *f .Missouri ; for.young as she
GOK riiiuunt lo the States, il should Ui d.»-
euaxgea. But, instead of hay.i.g Ui) just
el.iim tor this money, the States an undei
old.gu.ioua to Congress for 1101 leolBllttiilg
the three instalments already deposited.—
II il was not tor the ii.terposnim: 01' Cou-greae,
good Uiih would have required the
Secretary of the Treasury ion call ;lie mo-ii.
7 Urposited with the Stales, for the Be-rn
ssltit» 01 ike Gon mintut; such was Ike
spirit and n qmsiuoiis ot the act. lie, ami
was, and destitute ol resouiees, she desp.s-u.
l the whole policy of distribution. Boih
hranchusofbtr legislature adoptnl a ffeeo-lution
condemning Ike wbole thing, and in-structing
bei Senators and Keprescniativi s
to oppose it forever. In obedience then
to her innructiooa, as well as m accordance
with ihe dieiilos of his OWN judgment, he
solemnly protested Igaiirst tin ouiOUl prin-ciple.
It was two hundred yoara since the
lyird Chancellor Butteigh put into the
Ike irieudj who wore with him, had »<ip-! mouth of Queen Elisabeth tiio noble sen.
purled the bill III good faith as a deposit! jlime.n, lUat ihe lies! treasury ofaGol
ac!, noi a distriliiition among the St .tea. m men! was ihe pocketa of the people
waslo be a depnalte of a surplus. Ttui nan
been accompiished, and ine lull hmi fill
Tins
•untimenl was, etenat that tune, received
with rapture b_. a BriUah Parliament ; bin
ii w s still older ui.i i the lime ol Ch.iueel-
•bOtlld like reajly to sec, if this instalment! |«<-'.'tioiis lo I be Slat, s Iron, a lurploi I.
waa again to bo poitponed, w eomrary to ihe ONtoaurr, tlmugh, al lb - time, I..
ioi Hurl
lor
gh, lor it s that pi lure ol or.i-
.id siaie-m. u in the Republic of Ath-ens,
[Bouioeibenes,] when a file eeheoM
*»;.s jir6;x»s..d to rais.' none) for a aiinilai
object, who indignantly trampled tiie whole
mid rluo.,.in.i tin n ut.■ red in" in. monbli
- .nli.ii. n'. that has since be. u so often
quotudi The nuiuor said, "NoI l.eii.
|i>ia men
what they all expected at the leal
that it was not postponed indefinitely. il<
had hoped that tin re would, at least, ban
been some prolongatioii of the prounae lo|»o
the States, that they might look forward to
some time when Ihey might reasonably
hope to receive this money, which Ihej all
expected, and wbicll many of them li.nl
made arrangemeoja to appropriate to ua, fui
and important purpoace. He should liki
<o know if one yi ar's further |Hyiipoiii mi at
It |iTr"a«M JM inllii ii nl ; and wilboul lay-ing
whether he -honll vote for the bill i"
luy event, he hoped that it Would bq so a.
mended-aa to postpone the payment m
some day certain, say the ill of January,
1-in, instead ot'being postpoii il.ua provi-ded
for by the bill, until tho further pica.
■UN of Congress was express.-'Jon Ihe sab-
Mr. C. then moved to am. ml the Lill by
making Iho postponement till the let day
of January, 1^ 10.
Mr. WRIGHT observed mat be WM not
then disposed lo occupy Iho time ol the Se-nate
by discussing the. IHIUJCCI Of this lull.
The eommittcahud re|Mrtcd it with a view
to the atale of Ihe Tn aaury, as indicated
by the Secretary in bis ni nu:-l report. I hat
exhibit showed tint by the first of J.unary,
there would be n MM » »' the '1 reaaury
for tho payment of this fourth instalment
and there wai no anticipation ol inal one-er
that there would be- any monoyi for the
jMirpoao by the lirst of January u«*a™J|
The coniii-.ittee In lieird, asjir
lb
parted with all ihe money
spare, and carry on iho opeiatious
tiovernmcnl, WilhoOl calling on
i' -
•li.l that
tune hid arrived when the Treaaur) I
that it could
of t'e
the State!
for Ihe pavuienl of the nislaliiiei.ls ibl r hall
already received. He knew of nolliing
which' promised that Ihe Treasury would
!>e a'lle lofJDtre this money by mo firsl ol
January, TOO, and therefore must oppose
the amendment. Having made this i xpln-tiation,
hojsuulil CO .nil I «■» «"" ■»"■
nig for the Ml and nays on the .|u. s.ion.
Mr. CLAV.ol Kentuok), said tuni lie
eonfeaaed he was utterly uuable lo know
what would be Ihe condition ol the Iron-surv
by the lime ' wiedi u'"1 "'•",,''
believed was more than waa practicable
for any body lo know ; !•". sftor tiie * n-cations
of-two public officer* whtoh bad
lately come to light, 10 Ihe eslonislimoolul
tbil country, one for a million ol dollars
«„,) Ihe amount of Ibe •**?,.!"■»!*;
known, no one eould possibly loll. On
thing they did know, and thai was
could gel back ibii. money,: or rniy part ol
il, Iholrtate of the Treasury would h. very
dk-rcntfromwhat,! would b« with the
lie knew IwliHJ l! Bl to Ihe
deftili ilions, or as lo the
Of tin Cover nt'o r.e;.,, r l.:el.
the whole or any p.e. ol them, ui.il, there-would
not hay.nrd any naloul..l.o-.s as
.bahle valuo. rho guitli-inan
,k eonld not say thai the 'It a-in
u - on lilioti t" pav tie
1
total lossol it
■mount of tin
means
red ill it ho iiad no powi r to loo
ard and say pri'Oiai I. what wo- I.I be ine
mdition of ih Trc tsurj al tho • nd of a-ibur
year, lie hid no informal un v.ii.c!.
ili'eil him to siiy that this instnlmi til
could be met on'Iho I M of January, 1640,
easier than it now eonld.
Mr. CALIIUL'N said he Ihotlld vote for
the poatponement moved by iho Senator
from K" niueky, though he ha.I not ihe
slightest anticipation iii.it there would l»
auy surplus i:i IIK Tn usury, either in this
ol 111 the coin!iilf V. .11. Tne qlll stloll Wo..Ill
then natural!) occur, why h. gave inch s
vole. The answer was, in the liist place,
that it Could do no barm, and in he IMiXi
place il would have Iheeliect lo chuck tins
llut.se in its oxpendilures: If the ex-pe'.
d.tiir. s had n..t been so profuse
lasl year, there, might, have In en a
viiieniol this liistrtlmeliti But tins and
other House look dill" r< lit views from
vih.it he did, and tin ir expuliditun * wi.ro
more profuse thii Ihey ovi r hud been sine.
!n: was connected wiih the lluveiiiineul.—
!lr had liojK-d ai tho last session lhal tin
P .-tpot.cn.. in ol" this instalment would
I ave had some effect to clli ck their extia.
vauaiit ' xpeiiditures, hut luoiigit be was
ili.-ijipoin ed, lie would again vol. for the
postponement with Ihe same views. He
would, however, lake this uceasiou to lay,
lint he never WoMld eons, nl to volt a dol-lar
lor this instalment, which bo neve* re-garded
in the light o| a debt, ivinle ili.y
had to borrow mi ncy. The Senator from
lv.e t.iek. was entirely mistaken m regard-ing
the deposito act in tho light ul a prom*
i«,. to the Slates. There was no pledge,
no obligation whatever j tho net was one
of"expediency uleroly, and ii tiad lulfil'ed
US obj'Cl. He li |« tied BgMpi tbil be
would never COMOiil lo give Ills vole l>- bur-
'row money.
Mr. NU.ES said ho did nol purpose to
enter lute I an i Xlclldod I'lscussioil el this
Milij' it, bet would only oiler a few remarks
in reply to to tin suggestion* of th» gentle-man
on th' oiuer sole of tho House, (Air.
Clav, of Ky.) i" which assertions had been
ma'de,and principles advanced, which were
of all illiporlal.ee mil to be Overlooked.—-
It is now, sir. lor the first lime, proposed
the revenue for distribution a-ihe
Slalcl—to i i* monoy from Ihe
people, III tilitr, iieliv.du.il capacity, to bo
dislribuii'd among the Males in lie ir cor.
porato capacity, to enuro to the h. m lit oi
chart! red monopolica. He (Mr. N.) knew
this vv.'.s i.oi iiii.'.'nl' .1, n >rthought ol, when
tin deposito lull lias passed by ihe Senate.
Too ol.j.'ct was to gi i rid of an enormous
surplus which had aectimubilcd, and was
distr-l nt. .1 .'iiuiiiig in i.-iv blinks,expanding
nur already ovcrr-rown paper system, cor-rupting
the Icgisl .ton. of Cungn ss, and cm-hairassing
lo public at"i priv te iiffsirs.—
filled its liu.eiions. If it was intend
any more than a deposits act—lor a dlstrj-tuition
of money auKmg the Stales—then
was. our legislation a liaud upon ihe coun-ty.
He would remark, in reply to Ihe S. na-inr
lrom ><omh Carolina,(.Vir.Calnoui.jwiiu
propoasato vole lor the ain.'iid..ieut, iiiai
.; in.iv lie an Inducement to retrenchm -nt .
and economy in the expenditures of ib. jt'tia money in the pookuls of tiie |veople
GoVsrmm nt, lhal it would be bettor to • n> | iV'b. n ibo eounlry needs u lot h-r defpnee
a more direct method. Let us adl< te o c "• lor n, a,,.t Ibo people will chei rlullj
Ihatfiratgri .t priueip'., wnn-n h ,.lr i_".) I given." Those, said Mr. B.,sremyscn
had so oiii i. ami so abl) .i.voc.i. i mi i. ii us. A proposition was made, the ol
lloor, to raise no mure money Ir.ui, ihe uao-11 cl ol *h:c.i -v .- lo c smull llio Senate to
,'■ lliaii is necess.ry lor au'eeoii.uiin.al ad-!iuis sy.-i'ni ol distribulion i aud it had
iiiinist.-uiioii of tin Uovommei.t. I'h.s, a.r,' been said on lhal floor thai no harm could
would in preferable lo cbeck.ug a cent m'j.usi. lrom it- Ii was like lire old woman's
ii'ai.d extravagant expenditure uy counlo-1 medicine oi un'.k and water: il it did no
iiaucing what is, tcebnicutly, a deposite— good, it could do no harm- Such lauguage
substauttaliy a uistrtbuiion act. dot not in loon lo slatesineti, nor lothucle-
Mi. IlliM't IN n n.irk-d Ihaltbs natural v.n,ii theatre oi an American Senate, The
prograaa.of this thing had been wsiiuctl; wii.de pro|>osition was wieug, In hold
pointed out by htm whi n h(,bad tiie iiouol ' tu.tbe Ann i ic in |>eoplu i .a-.i-..
in connection with half a dozen other gi .- jd'stribitlion. winch, il was en
ue.neii, lo impose IIM d.-po^ite ael. ii* ' r.ot be e-rrlvd into ell.-.-i, W the
: lew then that it w is a distribution amou.' to l.ix.tiou. v\ li.l |
Stales. He knew lhal it was ibe com-1 would isk.ofu
;,n ncemcul of a s. :it. M of lev
from Hi' peopln, for Itiose win:
it out of the hands ol tin. p. upb . . i • ITi at-i
.1 tills ael Ulell as a lllktrihllllOi , • d scou-led
the idea ol its b. ing a Ui |*os i ■ He
keen there waanoaurplkaiu tie i't asui»,
a.nl s.nd so, and lhal in a few veals, Wi
shuuld be left without mocty. II siaieil
ibese I ei. on llii- lloor, lo sue i strong lali-
ZwhVsp^"'kilos to ||«;ri#ia3Mofli«»«»««^Ul.">d for l,,c 7'"* °,f VZ
the State, ti control usin our expenditures • !'•oveinu.ei.l^witho.il putting the Mates to
Ike .-lightest inconvenience. The hill,how-ever,
waa amended in lb*] other House on
the suggestion ol" Iho President, and by
that amendment Una invaluable feature was
stricken out, and in lieu of it, it was provi-ded
lhal the Secretary nugt.t draw on iho
thought i'h.it it had Slates fur small iiistaloieiita, by giving a
short previous notice. W by, then, did noi
the Secretary draw tor this money in accor-dance
with the provisions of the act ? Pct-haps
be thought tho nolice too long, and
the instalments too Mall, and per laps bo
did not care to incur ibe responsibility of
this mode of procccdiujf. Wilhthis view
|>f the c.ise, was it ri^lil for gentlemen lo
complain of ibis act IS a distribution ! Why,
there »as no such principle advocated or
adopted here. Th" principle contended for
was a ih-posite .with llie Stales, where lira
Government could command it when wan-deposite
«e, had failed in ibe treat ohje.-i j UW. Had ihe measure been carried out as
ptoDoscd by its enactment, and, bai ing fail-1
id, is ii correct b> continue il upon the sta-snt--
book I Is th.-ro any probability of a.
liy portion of iho monoy being hereafter re-ilatmed
from the Stalos : why then contin-ue
.t! He hid anted in good faith when
He thought if he had known that, instead
of reclaiming the money deposited with the
states, wh'.ui the Treasury Was exhausted,
the Secretary would have borrowed money
by a forced loin, be would have opposed,
with the Senator lrom Missouri, the |iass
age of this law. H
been mischievous in its operations, in some
respects, ami accelerated the fiscal calami
ties, under which we have so lately suffer-ed.
But it was not the sole cause. There
was an antagonist system for getting nil
..i the surplus by enormous appropriations
for extravagant ami useless objects ; and
Ibougfi Mr system prevailed, we increased
uur expenditures, even after our surplus
was deposit d with the Slates. We bad
bounded rapidly from a surplus ofstSly
Nlil.ions and an appiopnatiou of forty iiul-lions,
lo an insolvent Trcsurv. But the
I
out
fmuri
it, eould
n-sorim,
t ».is kin re, h
IH I n; r. alizi d ' Look II
a 'iiouev i tiie reprirl ol tho .*ycri tarj ol in. I reasury.
,o..ld gi.! . id it would be found lint so I ir from then.'
ing ant surplus to divide, tin* reverse
' w..- in - case thai there was •. tailing oil" ol
I lie rcviuiie derived liom Ihe laud sales, Ai
a i.ll.'«..'.'i>l ih- revenue deiived from the
•arid"; Bud the prosp-i was that by Ib
,, n 1840, there would be a lull «i
' diminution. At this vi'iv tune we an
votin.1 for tint bill: In-had voted for il as
i deposite ael; a deposite which would b
.ailed for, and ou^'ht to be called for, when
needed for Ibe exigencies of the Govern.
menl. Ho was deceived. He concurred
with the Senator from Missouri,that '.he ael
u .d a squinting towards raising a revenue
for distribution, and on that giound was for
obliti rating it.
Mr. TALLM-VDGE said he should vote
tor the amen Imciil, as be waa about to rise
to offer a similar one, When he was atiliei-p.
it.-d by his fnoiid from Kentucky. His
object having thus boon socomplished, lid
.: s.gned to sit still and give a silent vote
on ihe question | but some gentlemen had
seen lit iu go into the merits of the depo-site
act, which they pleased to term a dis-tribution
bill. He h.id sud on a form i
occasion, nut win nevi rgentlemen tboughi
nropi r to discuss the merits of the bill, h
il.l :.ot sit s-tt:I a silent listener. He
al ei
hards
th
ipi
us which COIBpt
• paymenti, the
lo raise
mong
guage, ih it a lUi mtn r cone lo n ui .mil In g-ged
htm not to publish luar-marks. II
staled.thro that the i-Uecl oi in., act
would be, eitnor lo break the deposite
ba ks, oi to compel Ilium lo crush then
debtors. Every dung be then ,.i I bad
bcun vi rifiud to the letter. We huv. »een.
rod Mr. B., a cuinmUlec of th' direi tors
of the hi uks of.N. w Yoric, men of the high-est
intelligence, and well versed u tin in
,a|Tairs, placu.g ut Iho head ol th rea-d
iliem to lusja nd spe*
Meet ol tins Ulslrtbu.
lion act. II.- |Mi. B.J knew lm n as w b
as now, that one of H" efftcts ..i this net
would bo cither to couipel lli».s' deposite
li.iukstocliiM.se between stopping them-selv's,
or crushing those mdobtt d lo Ih m.
II k II vv tin n lhal in the short ip.ic< of two I look upon i.t as a pledge til
years we should be withont mo ,a d it | was turned over to them; ■
was now een that he was li^bl ; for in-stead
of caning 'i.ek hoiu ic "^i .i .-a .
of lie- money air ...i. ii'. .iil.n . .1 'o th. nl
is provided for .n ihe many cauLuus •>•.■ ■
inserted in tho ael to make it appear like
II depoiite, the lioveruii..! ' waa d?'ven to
me expcdtenl of raisii..- . .o ,j uy a foiced
loan, for Trcasurt notes were nothing bill
a forced loan lrom tins.- to whom they were
paid. Instead of calling ou the Sums for
■ return o' a part of this mon. y deposited
witn in-m, tn s body was now rcproocuoil
with abroach of faith to the Stales fur not
"oing on lo deposite the reuiainilr, vv ti "!i
was also claimed ns a debt. Thai wh.eh
in the first msiai.ci was declared Id be a
ih posite only, ami treated on that floor as
a deposite,was now in Iho same plaec de-clared
<<r\" a debt, and the pi di ml Gov-rniiiont
was tauuli diviih a In sell of faith
fur not paying it. Now uhui waa the ef-bet
of the motion ii'l r ciiosiib ration .'—
Il was a din cl prupmulioii, lo lie carried 0 .
tuk an active par! in the passage o r thai
advocated and adopted in tho Senate, we
should huve bad no difficulties, and tho
Stales would nol have been embarrassed by
a call for money which they bad laid out in
useful object!.—Geiiilemen said that tbo
Government was about to be committed to
ihe system of distribution by the adoption
of tliis motion. This was not so. The
Government'would be no more corpmiltcil
than il was on a former occasion, w hen ihe
same postponement of Ibn fourth instal-ment
was made on the terms now promised-
There would be no committal at all; and
he was for having the postponement placed
in the situation winch this amendment con-tempi
iled, so that it should require the BC-lion
of Congri'St lo postpone it again ; mil
if then ihtnild be a surplus, it would not la-in
ibe power of ono IIous*-, or ol the veto
of the Executive, to prevent Ms being pod
over iu the States. When gentlemen talk-ed
of committing Ibe Government, they
were cuminii'cd already. Tiny say, [cor.-
liiiucil Mr. T.] that we "are lo have DO more
surpluses. That it might be so; but in
• of theoleclions lately held in his Stain
he beanl it argued that iu case we hadI an-other
surplus wo ougkVslu bsve a Sub-Tree-surv,
iu older lliatliic banks might not g. t
Iu incut the ordinary ex|H*iidilurea
tioierulii nl, though wo had been
ion:, d lo ihe raising oi money by . xtraor-dinaiy
means, such us selling bonds, ami
usin I. Treasury notes which were nothing
morerl.au forced lo»n»,yelwu had hem
..Ilul on for tins fourth in-.ta.Uu nt, and
charged with breach of faitli for noi mak-ing
it. An wo, said Mr. il., under such
ciieunistsnees, (>o say liothiug of -he. prtn-
Icsof raising nin.i; lor distribution,)
we io excite ■ vp.etalious iu tin-.'•'tales,
ilnt tms Government is to rai* eight or
mm million! by taxation, lo be divided a.
mono, ibem ! The • d el ui Ihe vote taken
on this proposition, if unhappily u should
In- carried, would be to make such Stales
as were willing lo icccpi tins money, lo
• nine uinl.on,
ul being so, it
would become the bouiiden dut) of Ibis go-v.
inment to provide th surplus, bj arres
ling nee. ssary appropi. llio is, by raising
■ I w ii>. s, by Iho Issue of Treasury notes,
..ii,l b. a ns.'.i io In ; oi.l lirili'i and win u
■ .us much was .lone, ihen u!j)a>v.u dune
■ nt was wanted. The example would b.
set which would bo followed i.p, ol'ri sing
money from Ihe weaker portions of the U-mon
to dm le aiUOlig mi- sllmlgor ami
more populous parts ol it. Oar revenues
worp derived principally from the weaker
parUofthu l.'u' in—I'n.iii cotton, which,
iiei'ig carried to Europ., ine pro.:oeds art
hrougnt back in innruhaudisf whiMi pays
duties. Thu ngriculiuro of Ihe iVeslakto
enutrtbut < its share in lha sunn way.—
TUTU, sud Mr. II., inlo'.l this proposiluiu
—only csl.thlish the principli—ind the
■south and 'WRst inurt prepare In' m-elves
in future for a heavy course of taxation, uu-
1:1 the falailv ami enormity of the system
shall cieiitu-liy prostrate it. Mr. 11- laid
•io w is npiHised to a |Ni-i|Kin.'inent to ihe
the v ai all. i that.
Iv iridi Ii
sen, believing lhal he was right then, ami i il to expand tin ir issues on. He, for o.
ne l.eli. .ml ,o now. Geiiilemen talked of would not consult to put it out of he povv
, ,1 Mtnit when lhal bill was passed.for oTCongrea* to pay this fourth inaulment,
Sr |s„id Mr.T.l there waa BO deception if both Houses thought it right to do so,
ami no iqiieonceplion. The ... liter was | nor would he agree lo put .1 ... «"»•"«'
ii rf. etl. end. rstood, and tins bo.lv put the of the Exocutivo vetu lo prevent the Stan »
bill in 4 »h me to obviate all difficullici. Iro.u reeeiviiig this iiiouey
The lull ..sit wis originally introduced was
not a distribution act, but one for a mere
d posits with the Statis. Hut gentlemen
,'. ilul the ell" ol of it wai a distribution.
v\ bv. General Jackson himself recommen-ded
an absolute distribution three limes
Ovor! Twice in his annual messages, and
again iu Ins Vi lo message oi. the land hill ;
and when he heard thai objections had been
raised iii Cougleasss to ihe unconstitutiun- t
al.lv uftho measure, lie recoiiiui'-nd'd thai t
ihe Constitution should he su ainciidod n
to remove any doubts on the luhicct. Al
thai inn. no ulijeclioiis were beard from Ins
I'rieuds; t.u,#sir, it was their party doctrine;
hut when tiie time arrived thai wo had a
surplus revenue far beyond what WO had
anticipated, and the proposition was mule,
noi for an absolute distribution, but for a
deposite with Ihe Btntel, the whole matter
vv..s changed—the 1'res.d nt changed his
opinion*, and his friends chanced tbe.r's
.'.en b.l1, howover, pssaed tlie t
only six dissenting voices. How was ii,
Mr. T. aiki d, that it bad been rc-cived
with so much dissatisfaction m diuvrcnl
parts of the count!) I It w.s because it had
olfend. .1 a party. The official organ here
denounced it, and dotiounoed e.v. ry man
wiio voted for it—though every member ol
that body but six voted for it, and it was
i.slv recommend .1
Mr. CALIfOCN felt very little interest
as tu what disposition was made of the mo-tion.
He was willing to postpone the fourth
instalment for a year, or lo postpone it In.
delniituly sr. in the bill, or tu repeal the de«
po*ite law altogether. That act had per-formed
its functional and there was no reu-smi
for retaining it on the statute book.
He had no apprehension that there would
be any surplus revenue to dispose oi be-ween
tins and Ihe year 1843, and formally
tears thereafter, and if any gentleman
WC-uld move a repeal of the bill, he would
cheerfully vote for it. That act had per-formed
a most important parti II was not
surprising that those who opposed il on its
passage should Condemn it now ; but bn
WAS, be confessed, gre illy surprised lo bear
those who xealou-ly advocated it,condemn
.1 and treat it as deceptive. Sir, said .Mr.
(.'., there was no deception. If tinuo was
a deception, llten I am li.e deceiver, and I
nate with Irust that those who know 100 know that
deception is ll.e lasl fault 111 it I could DO
charged with: that, whatcvci might lie his
faults, Ira always moved duecily u|ion his
object. He never considered this ael in a-uy
other light than ns B deposito j blithe
avowed, it ihe time, thai be never thought
thai ibis money would be eallbaVur, except
inoaso of a war with some Buronean pow-er.
Sir, said Mr. C, alter having openly
lit
■tie.
Ii'ici'"' r, of raising won V by indirection
lor .ihe purpose of dlllllb iliou. It Was a ; next year, or to
••tsc in which the powerful and strong: was for a poslpnneni
would he arrnyod Bgtinal tbo weak. Itwis ly, but in Dm itrougert and ■ clonri st ian-a
dirt-ei proposriion loeommlt tl.istiov..r.i.|gn.g. tint could b- used.. He was lor an
inent lo ihe system of leposiimg money [eternal, |« i,«tu..l, and cvetlasting |>ost-h
the Plates. The elf- cl wuu.o o., th..t' punemenl
8I of January, 1*4»; thai the surplus had bean tlcpn. ucil. i" "-K
Su. h was the nature of nur t 'I if il was pr. I. tided by •!. Si n«oi from
. , .hat „,. min rauld ffiV Kentucky ssjrp Ui II. UK
y
fo
lo tin ir pn
from N. Vi
.-IIIV would I"
money, by tl»
was v. ry true.
financial concerns, thai nan coul
,,i crtaintv, a y.. r before hand, what
our receipted* cx| I.tures would smouut
lo. Hut be would observe lhal, il il should
be found wh.n ihe lime comi round, that
the T.ei-uiy was not in a cuud.lmn lo mncl
tin, p.e.me'.it, there would b, the w
power in Congress lhal iin.ro now waa to
JHwipoi.e it I'm atioih rycar. II-i what In
waniid lo sec was, lhal llie ael •'! ''"I." -
pro v id ins lot this deposito should be I..I-Idled,
and the pledge nalcrgicil, by t i
,,. .In- ass it inc. - given by lhal act-
On this pm | he voted for inal lull, as I all lhal parly who ar
did a mijor.lv of thosi who voted \vtIh him.
Ilul he coutr tided tl.-ii "!" o'ljccl (or which
ihe lull hill I.e. Il ui— d v.-.s BPl-Ollipl shed;
lucki lhal there is a vsrplus n
'i'reasury nee,, or would lb-re b • . sitrpl i-ai
ihe period proposed iu Ihe oni.ndiiiinl.
Did not the gentleman know lhal by lie
uperaliou ol Ins law, (the eon promise act.)
ihe biennii I reduction ol live <i -tie* on
imports would !«t dor. :. Ihe coming
v. ar, thus less i.inp, ' ■ lhal an o'inl, lilt
fiscal resources ol tin Governimnl ' Lml r
Ihi i , :i. mi . ic -s n> hnld out the bop .
.ul,I in done by tho proposed I in id-
, ti,,. Ihe !'■ ir'l'l i..-l.l.in ut would IM
in January. ! - 1 '. when ihen
.. ■
UK I
pan
Koine gr. i ur-!> wonI ! be givi n fo] be nosurpl in ih • i'r-would
u uul't. b*' tu
UIOIICV of the W IIO
few, would threw .
just and necessary
ke. p up the taxes.
>i rat
..Mug
.■ iu favor
I to divide
very vol.; . . do
appropriations, n
The pi Jl Ih
lie lands would be k. pi np ; and b; the
lime the tariff ael ihaM haVr worked out
it, object in Joinery, 1940,11. re would lie
enough inli r -led In hand tog. Ihcr mr th.
purposo of raising from Iht Asiatic sec-iinn
of the Union, me -otlon grown.j
Suites, a suflieinnl sum for listribution.—
Your cotton crop wild M •. I.tniioi'iiingto
s..iue hundred mil.mns, will hold out strong
t mnt .tons to ihe fri. mis ul this system ol
distribution. Mr. II. said ur li.-l rol J
Ii. n for ihe last I. rs ig in«l thissvs-tein
of eu'l cling mom V for dist'ihilion,
He opposed it when il vv.- pr.iuo
Sen i
the vorv measure previously recominenow cr. B^MIW.W ....... - ■ •
b, tbo Pn snleni. Now, how did lhal bill ■nude tins avowal, 1 little expected to hoar
p's, ! Wl gentlemen talked about giving ! it W.d lhal a d. copiloi. was pr...Used. 1 no
bis money to ft... States, let us look I dopus.te act was a,noble «!,"M**
,-e how ItWBi. Sir, Hid Mr.T., we ...lop- ...eel the pollt.ell[disease lha was pro* n«
led ,■„.., lent by a-hicb tins money Ion thu vitals of the communiiy,
was k. in within Ihe control of Congress, more to corrupt the public Blow
h was pro. .d-d lhal it ihould bo dliUibu- evil thai had bet.lien us since th
-i ong the Stales in the ratio of ihoir of the Government. It was •««»««"•
mproaenuiion, who should give certificate, from thai sacred prwolpte, deeply-so ... our
and doing
than any
us since the beginning
Mr. PRESTON concurred with the Sc
itoi Iron. Missouri, in iho impropriety nl
i shi holding out Ibe idea tlt.it this i.e.-'men
id lo would bo paid in 1840. He did nol lhi.il
pub.' i< proper lhal t'e* Sen .te rhn .' I lake -.» •'
i eoii.-e as would hold oil', a fiiliacio ,s hop
io.ii un.. ihe Stiles and tin people ul' the
Untied Stales. In seem.1 nee with those
s linnets, he thought ihe proper course
Would be lo iepi nl al o;.c<- the lirst BCCtlOQ
ol the dvposilc ad, .nd if any . Senator
would'i.'.k • such a ii.e'iei 1.' no iH sup-port
it. ll turred with the sentiment
thiil the rinsing of money for distribntiou
was unconstitutional, and admitti'd tbil !>•'
wa- uiisiak... ... the op. rations of the de-posite
act. There was a necessity for the
pissago of Ibe la v, Iron, iho fn ghlf.il surplus
d by a I we hid accumulated. Bill, sir, our pin of
it was
s, win.
■ler the control of Ihe Governm
placed ill ihe hinds of th" Stall
eonld us- it for valuable ohj 'cts, without
interest, until Ihe Government wanted it.
The Si tie of New York, for Instance, in-vested
her quota in her school fund, winch
was laving a 8rinut foundation for national
defence, Ihnn if il bad been expend. .1 n
brick and mortar in a nuw sysremof foitifi-
, mntleman fr.im Missouri I |iasaed into Iho I nasury, raised out ol
the South had just been called, was so deep-ly
ih press, d, and exlrnvagance and waste
introduced inloour system of expenditures.
It was not the il.sl.iloit.oi. Ic! which had
produced the laic pecuniary embarrass-ments,
both public Bnd private. It was tin:
act,of '21 and '-•i which violated this prin-ciple,
ami by which, out of an import of
sixty-four millions HI one year, thirty null
tor from New J'tser,[Mr. Diekciso.l' the law has been comph I' d ■" 'ho mrplo"
no.., as the gentleman tu
wanted tn expend il ; and if Ibis system
fortifications had been carried out, >t musi
in ihe end lnvc bankrupted tho Treasury,
for these fortification* would etiher have
gone jnto dilapidation, or they must l.nv.
snnropriitcil millions annually to keep the.n
up. Hid the drmosite act passed both I heard an honorable member of Iho 0»ct
the Southern staple, winch was a tax be-yond
a hit llie most despotic Govetutiie.it
on caul, h ul ever levied. What was tho
effect I Money ovt til..wed in the Treasu-ry,
so lhal the utmost extravagance uf Con-gress
was insufficient to got rid of it.