sate
i
i?itiun, however, it clues appear to me to be
llic strangest ami most unaccountable policy
thabcver was conceived by mortal man to
abandon' ibis source of revenue. This is my :
luurllt suggestion. Now, sir.'( have'made
same pour. calculation's, rip my humble man
® ucr, ii| regard tu the, present condition, ol
■the treasury, These l-shall nut trouble the
licnate with, ns tho ingenious and able state
ment of a much higher ivuihur'uy than my
: tell (I ruler; lu the Cliaiiman ut IheCmn
mitlee on Finance: Mf. ICvans.) have fur
. dished nie with every necessary fact. ’ Al-.
though il-dihnol agree ivilh'hihi in every par
ticular, yet fur the purpose of tilts-present
argument, I shall assume, his statements In
be entirely correct, .Then what is the U-,
-liuncial' condition of the country—-thu con
dition to which it.has been reduced in little
mure limn one shoi-t year, by my whig friends,
who have hud the control since the dth day
of March, 1841? It is now admitted—in
deed, it cannot be denied—that the extray-.
-_K!l»t-Land_profljg.ae_ailn»injsli;ationLofJVlr,
Van Bureii, of which We have heard so much
in the campaign of 1840, left 'a debt upon
the country, of only §3.600,000. 1 speak
without regard to fractions. This is the
amount, it commenced at forty millions,
'according to tho whig arithmetic, then sunk
to thirty and to four-teen millions, and has
been gradually-sinking since, until it lias
lauml.a resting place at five millions and a
half. 1 shalTnot refer to official reports, or
point to figures lo establish the fact. . This
has been done over aud overagain by others',
and the result lias nut been and cannot, be
denied. -
.What will be Hie amount of (he public
debt on the, 31st day of December, 1842,
•niter 22 months of whig rule, if nothing
should be done to arrest its progress, accor
ding to the'admission of the,, chairman of the
ic'piuHiiitcq of finance hi in self ? I answer,
*331,000,000 iii round numbers,-without re-
guiding tins' additional fraction. Then de
duct the debt of 35,600,000 ‘left-Mr. Van
~ JJui'cn, from the suai iif 321,000,006, the
.Avlud'e-amoun-t of, the estimated debt,at the
cirri of the present year, noil the remainder,
; is the additional debt which
■ the whigs will . have contracted with
. in-the short’period of .22 months. It will
not do to say that there, were outstanding
appropriations unsatisfied'at the end .id'.iVlr.
, "Van Jiurerrs rplrninistration which would
* rfprjnntaretf
iTspehditurerat'the treasury, this always
has been'and inust ever bp the case; and the
amount of outstanding appropriations’-wall
be-greater on the 31st of December, 1842,
wliiin-the deht- will be increased to the en
ormous sum uf $2l .000,000, than they were
otnhe 4tlr of March, 1841.■ ’
I’nen, sir, weha v e an •increase of debt,
during the short period of Whig power, »l,
-•■-Sfteen-hiillions.and-ia linlf-l —it really 1 hilfrts
any feelings'to make this statement of facts
.involving'thp inconsistency of my Whig
friends on this'side .of the House. [Cries
■of,-Go on, go on,'] What has become i(f the
measures of retrenchmentainl reform promi
sed so-ofie’n and so loudly.,by gentlemen be
fore tliey got into power? The, answer is
furnished by the lucid-staleipeiU of one of
stheir own most distinguished friends—the
Senator fropt Maine, [Mr. Uvans.] Me has
given us calculations and . statements in
•figures; and we all know that figures caiinol
3ie. He tliinks that the estimates of the
Sec retary of the Treasury for the present
.year may he reduced two millions of dollars;
•and'in that event.-the debt at the close,of it
•nay he reduced to 51P,000,000. But is
such a reduction.to be expected? From,the
, experience we have had, 1 should say that
,1 do not entertain the least hope of any such
.result,,. ,\Ve have yet witnessed no instance
■of retrenchmeiit and reform,, and 1 'shall
■venture to prophecy .that at .the close of the
■ present year, unless additional duties should
, in the mean time be imposed upon imports,
th‘e national debt, instead of being $21,000,-
■OOO, will amount to twenty-three or twenty
four millions, I shall not at present occupy
the time of the Senate in slating at large my
reasons for (his belief.
. The estimates furnished by the Secretary
■of the Treasury of the expenditure's uf the
present year amount to $25,791,010 TS; ami
■this sum merely embraces.the ordinary ex
penses to be incurred, by the different de
partments of the Government. It Imbraced
nothing else, and.could no) with. propriety
•embrace any thing else,. .There,is no esli
■mate lof thc amount which Congress nftiy
appropriate dur'iiss,the present session. lit
satisfaction of. private claims; and this wifi
-—treconsiderahle. We have alreadyapprn
prjated,‘and will doubtless hereafter npnro
yrriutc, large. sums; to ; public nbjects-'wliich
are not embraced' in’ the estiniailcs. Tliis
. Iras ever :becn the case,- I believe thatirw
stead, of a reduction of two millions o;om‘the
■estimated expenditures,- the actual experi
■diturc will considerably exceed twenty-Jive
■millionianil three quarters—the.sdui soiled
fcy the Secretary,, "-i ,■! r .
: our financial conilitioifiad
<ordingStt* thn ; S(ln.ntor froaviiArainel'l’iie
<arrent of Oft pruMnt yeiir fi omilli'e
customs/accordiogto the sahie^iigliauthori
ty.avillamount to'only lliirtcenimlOWs and
■a half‘of dollars;. whilst it hits ;bWh : shown.
—^hatoureipeßdi(ure#'.-\vilfneai - Iydou6lii
dhat amount; and weshaHvconiin'cnce ‘llie
y«jtr;;on-ihie. W-’
*cutrtbiereil ,/\v ithV jv‘ifci*4>€' s»f. it Cv'eit ty Vi>p e - util
(lucedfiand thia is the gloomy prospect
ifore as. •; Whatslrhiige ;avgu,ipeht iroes
dWs present fOr giying away, at this critical
moment, our laud revenue to the States !
J; conk) nut help- feeling,; dhfougltOut the
whole-course of ilieScuatOr’srem'oi ks, that
’■he fwifft-urging the very
•favor of restoring thii fund to the General
•GoVer»ihient- N sir* is ifhofthc iiiost'
fXtraor<lin.tfy faet, viewed ;a» .'an isolated
■ mnVptisiOoni which .has ever occurrCil in the
should so pertinaciously resist the t reStora
iinn trfjheland fund i Ihe
v ble condition of thecouairy? Tlie^Uheijif;
cOn
■" •dilluntoagrcatestenti^
*ll.
C- their oWfc^epitiOnl
inntplwi^But
•shall be given
<cauld render M»'
all doubtful, were it riot for the extraordi
nary genius ami extraordinary influence of
that extraordinary man who has recently re
tired from the Senate,-‘[Mr. Clay."] It was
a favorite measure of his, with' whic)i he
seemed- to.idenlify: his fate and his fortune!
and ho matter wlmt niay , be the necessities
of the country," the distribution law must,
therefore, nut be touched. - His .mantles has
descended upon his Successor. •;*
The. Whig patty, has succeeded a thrifty
old gentleman in the management of a trust
estate, wliu had always used the utmost pru
dence add economy in hisexpenditurespbut
who, from Unforeseen causes, vvliiclrlie- could
neither avoid or. control,Was compelled, to
lcaye.it encumbered' with a debt of five toil
limisand a half of dollars: ; Beforetlio new
trustee came, .into’ possession of the estate,
he made: fair promises, boasted riiuch.of his
management .and',’economy,... iinl. induced
fiitire than half (if the real owners to believe
that ho would discharge the existing cncum-
expenditures,,
and set up housekeeping in an 'economical
and'' frugal manner. But what has been the
dis appointment of those beneficially inter
ested, who'turned out their, former careful
steward, and substituted for him the present
extravagant.spendthrift I
, ■ Elated with, .hid acquisition,-exulting in
his power, and wishing to dazzle and aston
ish the world, he has set up a most magnifi
cent establishment, drives his carriage and
four, and has launched into every fashion
able extravagance; mid all at their expense.
Tlis course of,conduct has been in perfect
contrast with, that of his predecessor; and in
ri very short space of time he has’ Increased
tho encumbrance oil the estate from live mil
lions and a half to. twenty-one millions'of
dollars., Ills credit is "gone.on “change”
anil, like other, spendthrifts, his mile's arc
.selling in tho iniai ket at considerable dis
couilt. lii this condition, he stoutly insists
that he will giveaway to his children, with
out any co'nsuleralion whatever, one of ,tlic
moat valuable portions of die estate which
h'c holds merely intrust fm-.otliersj.and that
portion which can ulime be depended upon,
tinder all circumstances,'fur a permanent
revenue; whilst he-refuses to pay his hotiesj
emit tors, who trusted him (iu the security
of this very fund, . '
‘,..Nju\v,j)urmit" : tt>« Uvytsk• the;|jetmtor, from!
Indiima'i-IVIr. iaaitiruj whaUwuutif the cotn
debldrhWgrveiT awiiy! fo his children.the
properly which" ought to have been applied
to the payment of'his .debts? Would tint
sbeh a transaction-be emisidered-fraudulent
as against creditors? If the United Stales
were suable; the Seiialni'would have a niuch
belter chance of selling aside, such a Iraml.-
ulenl'ciiiiyeynnce.iii a court of equity,iit fa
vor iif honest creditors,.than recovering for
the several Slates their distributive portions
of-die-public himls.-;:cThe-.r.u.lejif.;ctiminimi
law,lts well us the,rule of common honesiv,
is that every untf.inusl be just.before he can
be generous. ", At a.time, then,"when w-ejiave
a hOiivy debt tu pay; and when the country
might to be placed in itn altitude of defence,"
we ought not to squander away this b lUnti
ful source of j-evenne, eytin i) it were proper
,lo do so under miter .circumstances.
When in addition to all these considera
tions, ive contemplate the- present lowering
aspect of our foreign relations, it does not
appearlo me, with all proper re-pert for my
A liig Ir.iends, to be (he exirenie of madness
and folly In give away such an important
portion of nur leyenue. 1 desire to excite
no unnecessary alarm in-regard to the pre
sent posture of our attjiirs with Kiiglaml.—
I know nothing of the existing stme Id" the
iiegocialion, except what "may be known lo
every, man in tho country.- When I necupivd
di.e station of Chairman of the. Como idee
on Foreign Relation.-, now so wmthilv filled
by the Senator from Virginia, [[Mi-. Urivks,]
1 had access to information which would
then have given my opinions some weight.
The ease, however; is now far different.—
Still I.cannot refrain from expressing my o
piniiin, that there is sgymis danger -of war?
at all events, 1 consider the chalices nf peace
and war, Jo he about equal.. To he sore it
would he an act of folly unsurpassed Tor the
two nations to plunge into war;, but yvi, no
prudent nation placed in the posit ion in
which we now stand, nuglit lojiieglect the
duly of providing at least for the important
defeiices of tlte enuntry.' And yet, whilst
(lunger is staring us in. the face, we propose
to give away .the very sinews of. wav,, the.
veryymcaiis'iif self-delencei ...
I lid’pe ihe'Senalewill. pardon me for a,
word .I)}’ digtteskion.: Thanks to Iho all-pre-
V|diligirta^lmce - iTird“iiojTTsllceTif~Enji;liin(l7
each portion,of our Union has now a separ
nto just cause of quarrel against that nation
peculiarly calculated to arouse its reelings
of indignation. VVehave the Northeastern
boundary question, the Caroline question,
{he'Ct'ole question, the Northwestern bouttr
duty question, and, above, all, .the right of
search,’ ' Should we he forced into a war
id the 1 present slate of thecomroversy, we
shall life a united' people,.pnd t|ie War will
be conducted wilb ail,pur,energies, physical 1
tihd tnoral,. In tlle present attitude uf'.iiur
a (Fairs, I" say, \tiien, fe/' us se'tleall of these _
quest lons, or none". : ’ Jill, pr none/ought to
f>e. hur. moltoJi. if we', must- go to war,'’we
: cduUln()tdeaJteaiiMHenitdrablesinteoCd , <(
qucaiiiinsthatiexjSlsatpreseiiJ between the
twonatrona.'if all these.>qu&tions except
.one shpuld' be ailjesfcir. we ahull be in as
inuehl danger itlie single one
jtvldtfii -.miiy!.retpajpi i ns i Aye)ar& a£ presffnt}
iwh|lstW^y<ml<liitcur.',tliejSfc
pi e ibjatyrs-ffo u tif rV i’ >V! jitti: fp t IFp'sureMVpfaes
sage of success On nU tjie'qucs
_ tinus*'■ i is;, j
except the'
n.iuoh:toa v oif^SV^hdfurestqrfeOurrrienil'T
ed. .It is'nty’ firin’cujtvtcljphitlittt'.ijria due.
pi ’
.ytjhe
V'Vni of
(:i> tOii) S St rSßt?vanU 'JiUpe'
England *.
$&«•■ ii
Vy-possibility interferew\th the- negotiation.
I'hope be has .come among us bearing-the ol
ive branch ofliuniirable peace.;lJ'lte hak, there
is no man 1 ip this country more ready lb
;welcontd Ids arrival .than,{myself.*- But in
the present position of our public/affairs,' I
must ever protest against" parting'with any
portion ufour revenue; ;>vbeli.'6u'r / country
may soon require it all. for defence against
the most formidable,nation on the earth; .1.
think, if I were, what I feel sure 1 never
shall*be, a good Whig; 1 would . say,, take
the land by .all means; with'it provide for
the, defence of the. country, and when ilie
danger is. overawe 1 shall again, resulne:the
fund. '...
Seine of the advocates of a.ildgh ‘ tariff
throughout the country desire that wc should
give away the lands in order to create the
ilftcessilyfor imposing higher duties bn im
ports. Sir, lam not in favor of a high pro
tective tariff. lam pot in favor of raising
more revenue from imports than is-necessu
ry_to.support the administration. ..(if..the. gur.
vernment, and gradually extinguish the ex
isting.debt. In raising this revenue, luiwV
ever, I would make, so far as lay vote or
,iny voice may have any influence, a discrim
ination—a moderate and just-discrimination
ill favor of the great-interests.oflhe country
—its agriculture, its. manufactures, and its
commerce. Ido not wish now to anticipate
what 1 intend to say upon the tariff-ques
tion, but thus muth I shall declare, that in
raising revenue, I. .mmuld- afford -incidental,
encouragement and protection to those great
interests which will render us independent
of foreign articles of'indispensable necessity,
both in peace 'and in war.To impose a*
tariff merely fur of protection—
make (his the .principal instead, of the inci/
dent, loight be destructive to die very inter
ests sought to by protected. .1 hope, ere
long, 10/liave an ’opportunity of expressing'
iny opinions at length upon this important
subject.y 1 ' < , ' ‘, •
At an early stage of the present session,
"I ventured to predict dia't'thu tariff question,
if-leftito itself, ( w.ould settle itself before the
close of it. am now-more firinly convin
ced of thehyuth Of the prediction (him'ever,
The advocates of the highest protection-need
nut fear,-but that a necessity will exist for
a fate of revenue .duty high enough even lo
satisfy them, avid, tills without giving away
the land fund. -Under (lie eXisTiirg laws,
be'nnly about ddrteeii'mTlTioiis and a half of
dollars; whilst our current expenses will
nearly double that amount; and besides this,
we slndl have a debt til, pay of twenty mile
millions of dollars. The Senate lias, iiim'e-'
over, unanimousfyadopied a i-caolut!i).u_(Je-,
claying, that- it .is the duty of the General.
Government fbircohilucfing its adoiliiisira
tion, to provide an adequate revenue within
the year to meet tbe.curfei.it expenses of the
yen tKaiiiLthatvany. expedient,-cttherbyluaiys
nr by Treasury mites, In supply, in-lime of
peace, a deficiency of revenue, especially,
daring successive years’, is unwise, and must
lead to pernicious ’consequences,”..
ll wjll.be found that, to raise sulTicient
revenue to meet the expenses-of the | resent
'Administration, it-will be 1 necessary to im
pose revenue dunes mdre than sufficient; to
satisfy any reasonable ailvoeate of protec
tion, Tne manufacturers,/'will thus have
more- prolgcyjmmlhan limy require, even if
the land fund estimated at three millions
per aiimtni*; should p e restored lo the Gene
ral G-iverlimeoi, which I think it >tuglu to
be on every 'principle of publi.c policy.
lint, sir, it has been urged that tins 'load
bill is a most improper measure Id whien lo
attach such an amendment as that proposed
by the Senator Irmn Mississippi. ,-Now, 1
shall endeavor .lo prove, in-the last plane,
dial it .is peculiarly proper .to atiac,h this,
amendment lo the present bill; because you
will thus obtain your loan upon much better
terms for the Government tha’ii yoo’cao pro
cure it in liny other imiinier. It has been
said, ami said mill ifuih, lli.it the distribu
tion law provides for its, own suspension
whenever the duty imposed upon any im
ported article slndl, exceed twenty per. ei-nl.
Tile distribution of die lamlToiiil to ihe
Slates, will i.ld-ii cease, ami never...revive
whilst, there shall be a higher duly dlao this
levied.upon any irticle. My fneiuls on this
side of the hoiisesay, it is belter In wail amt
let the fund be restored to die General Gov
ernment under the terms of the ac| which
transferred it. lo the States. Weal! believe
that it must thus bp restored ; because "we
must'fill'aifmit diaVthe necessities of the
Treasury require an increase of duties con
siderably,above Iweiily-per ceiitr None of
-ua-stuiU—probably-cver-live—to-sie—l lie-day:
when |lu- duly upon many articles will not
necessarily exceed lids rate. The land fund
will.then be restored to the General Gov
ernment' Hie moment we impose a. higher
duty Ilian twenty per cent;,and -why should
wejiiil now anticipate the lime of it* resto
raimnyby a. few. weeks, for (he of
using it wisely iii obtaining a loan tin favor
able ieriqs for die benefit of the Government?
, I believe in my soul, that .even- at die
present mumenl of distress, you can borrow
the tdeven millions at par-proposed by this
bill, provided you will adopt the amend
ment., This amendment is hot a mere gene;
(id pledge of-the public lands for - die re
demption of the debt, btit-ii is aspecific-lip
pri'ipriufion uf tlie pimceetls.' arising- Irom
,these lands to pay the interest as it accrues;
■andfu.ally tp discharge die principal.' Now
a bettef'security than lids'no man on earth
could desire...,Tlie, fundisiamplefor the
purposeand nothing-; can evef render. the
securify duubtful, except.adelibcral'e-viiila-;
liori of the public ■ failhin the -face of the'
wcnTd on the part of tlioSenale.ithe linn so
of flepreseiilatives.anddiu. President. /flits
.twb llousea of Uongress nnd the President,
mu.stcuncurin dishonoring, themselyes.by
p.absingriin act vvilhilrawing tliis fuml from
•tlie public creditor <m the splemn assurance,
pf whlch' he- litul loaned .ids, imjney to the
.G/iyerpnienf,- or the security 'must remain
Ihif best in the World.- Such* an’event isnol
possible.; Nothing ‘but..tho.. destruction of
tlib.;G,bVerbmhfft,itself. oah-iorpaii' sucli a se-
ldf..i|.iiitV
bettef ferms qn-ilie. pleilge of sucli a secu
rityrthanuponthenieregenernffuilhuftlie
lOoveriimctit? My. friend, the Senator, from
Indiana;-[Mr. Surra} decl area that .such an
gtibnljuiaito
cific fund for tlie payment of tlie principal
igeSie tfaltlferis •»» c tij W ve r:
1
(I 9 nut consider it necessary to, answer this
argument'.’. The lender would have this
general faith pledged as well asdhe' specific
fund. lie.would enjoy the benefit of both.
Buf even if tlni-tvere not the case,'you niaV
rest (tssored that Hie capitalist will', think
dilleicntly , front the. Senator.. 'What has
been die-course of the indebted States, and
what has brought some of them-to their pres
ent deplorable'condition? They omitted in
the beginning, w-hen they borrowed money,
to provide and set apart a fund for the pay
ment of the interest and the extinguishment
of tlje principal. , l am myself. the holder, of
a little .State loan, (nof of’my own Slate,)
for which 1 paid the full par yulue; and al
though L have tlre general faith of the State
pledged to . me in the’ most solemn 'manner,
on the face of the certificates, yet I 'should
gladly accept half the amount in full satis
faction, provided its Legislature; would se
cure the payment of the pripcipld and inter
est of this hidf,-by imposing the necessary
taxes, and.. pledging...them- for that - specific
purpose. This ought to have been dune by
all the States, in the beginning; and.it was
-the violation of this wise maxim of political
economy, that lias' caused some of the. States
of this Union to contract debts which tliev
are unable to pay, ami has stink them into
their present deplorable condition.
Ihe Se'nalpr Irom . Indiana has informed
us that England began with pleding the pro:
coeds,of particular taxes to the puhliccre
'l-Uprsrbot that she has long since abandoned
lire practice, ami now pledges Her general
faith alone. The fact is that England irevctt
made such a pledge and appropriation of any
fund for this prfrpose; as . that proposed by'
the Senator from Mississippi; tiever. Ami
she is now so much involved in debt, that to
pledge specific funds in favor of unypoi-dmi
of her creditors, would he injustice to the
rest, anil would piostraUiliergeneral ciedit:
It would be perfectly ridiculous, a s\v ri 1 as
suicidal. She is pressed-down by a miiun
tain load of “debt, ami it is liur-mitariiisiied
.credit aijitie which,enables her to sustain it.
Tin* moment this begins to totter, her em
pire is at an end, Ouf- condition is, fir dif
t.erent. M e shall, I'liusl, borrow n'O more
.money in time of peace, except that which
shall be borrowed under the provisions of
,lhe present UiiL.. VVe can, ap
propriate the land fund dor. ita-vtilvmjitioii,
iltg.- yfeeaiieveii oniit'lw. payment'aide
interest on-our. .Treasury notes punctually,
jiowev'er disgraceful, as lias been .dune for
lire first lime in-iutr history by die present
At! m .nisi rut ion', widniiU-.crcafing any dis-.
•rust in regard to our eventual Vidren'cy.—'
sla'iiees, to obtain new loans, whilst we re-;
luse to adopt, the amendment, proposed,.alie
capitalist will look On wiilr some-dcgive of
suspicion, and wiil.asli, a higher premiuin lii
.caver—tile -risk arising friiai vmir Uanf -of.
pane tu a I tty., lie secs licit you have provi
ded no means to pay the interest on.your
Treasury notes' —that you are'rushing iin in
a mad career of extravagance, expending
twenty-six millions aiiiin.-iHv, wiilioui,, hav
ing provided it permanent revenue foe the
inescnl year.of Omrc than thirteen miliums
and a hull',anil dint you—are pursuing the
down ward course which has already brought
several tit t lie Slates to ruin. Although!
led die ('idlest confidence dial every debt
which we shall contract will be paid to die
last fardnng, yet capitalists are a wiTv ami
calculating litre, and it is ridiculous' lii sup
pose dial they will lend you money upon
as favorable' terms' upon die pledge of your
general faith merely, as if'an ample 'rand'
were appropriated by die.bill''creadng dm
loan, which.would render die pnoeiual pay
men of die interest, and die reilempltuir of
die principal absolutely certain. The. ir.ndi
is, you caiinot obtain the money on favorable
terms mi any oilier manner.
. A.lew words more, Mr. President, and 1
5h.i.1,l close■ tlirse aiesu'lfnrv rein irks, which
Ini,ve already been extended far beyond w.l.nil
1 hud anticipated. I am exceedingly aiis
ians.to Vole lor lids hill. The,uiea-uie most
lie an odious one, indeed, -which .can induce
me to Vole in die negative .when die object
is to redeem the Government from its, pi;e
senl disgraceful .insolvency, I well know
that the American people are willing Id pay
their debts, east wltal'il may,. Besides, llu-v
are anxious that reasonable appruproilioitv
should he made to place die eoiiiihv in a
slate of .defence. Bui if lire'Whig’s 'will
force it upon me to vote for-dr against the
.hill, W*fb all its present odious features; in
eoiiianin with oilier Deopi.brade'Senalars, f
shall lake (he respoiisihiliiy of voting in die!
oegaure.—'f'hey-may,asllieydoohdesswill,|
pijss il-hy their own votes. , 1
1 shall not follow the Senator from'New 1
York, LMr. AViught.J who has.'so ably and ,
clearly presented in detail lire objections to i
this bill..- .l_musf.be permitted; ItoweyeiVloJ
advei't to pile of them, which, if not remo-!
ved by. an amriiilmeiil, will be conclusive j
against its receiving my support.. A six per J
cunt, loan, die payment of which may be i
postponed Tor twenty years, is ]o he sol'd in 1
the market for,any price which it will bring! '
This is the nature of the bill; There is hut;
one precedent on >ur, records, we are told
by die• Senator Troth Maine, [Mr. Evans, j
which bears any resemblance to the present
case, ami this oceureilinthc year 1798, and
in the days of Joint- Adams. Unlimited dr
cretihn wus given to him to bo'rruw five mil-;
Ijmm of money upon such terms'kitd condi
tions as he pleased,ftnd lie Thtuiiied ,;it. at
the rale of eight, pci- cent, per annum,. The;
.Senaten-ill recollect that when this loan was
effected the Government >hhd beep id' exist
ence but nine years, a.nddtwas encumbered
witli almost the whole funded debt ..of-Hie
Reyidutioiiaryt.war.'' But,nowuafter fit - has
jtceit iti existencemore than ItW n ceritury,
< tid<l'*ar(e'r ; \ye.'hd'ye. > TinHi^Ry';il'i^ehiirgeil,' > tbe
debt both of the Revolution and.the lute war,
we are asked to,-sell tiur credit nt nhy price
it. will coinmund,' without hoy limit whaiev
cf to the depreciation. ! am iiiit yet pre
pared tii;liuiiible oui; pniu<l credlt inthedust
by sendiiig the-Secretary;'(if t He ; Treasury'a
brotwl. tp hayvk it. for iinythlnguwillbrihg
inthetnarket.Nn, sir, not yet.' Ifeelcon
fulentthat the pledge and appropriation pro
piise(l.by. lhe Senator fnim Mississippi will,
.willtin.-a^ shofEpcriiid, command ihtj.whiile
eleven; million of dullarß, at six percenfess-
But. If you. tliscredit yiturself,. by declaring
felllliie
fluati"nfiijf-pjnefe-iyfii-iiig'; jiyitattii I;ibef 1
fpumbeeofjgi'caf
eVeil i'aletes'fs. of’; the.yypyjil, • T
tiie Roiliseliild-, ami tltv .\ie nut
numerous; - A combination of these capital.-,
ista can be arid will be easily'formed, who,
knowing that we must ihave the money on.
any terms, wilt -obtain the loan, at jsu.ch a
pric'e-as will be to them the beet-speculation
:in>tHe wofld. buf.to you it will'be disgrace
ful.' Nowvtdtlioilgli 1 am most anxious to
provide'for the present wants of' the Trea
sury;,! cannot vole for the measure unless
you will return the. land fund‘to its legiti
mate purposes, and limit the- Secretary of
the Treasury ui a maximum rate of interest, ■
tit which be must obtain the loan at par.—
Ihis is the only mode you can sc
tureyquraelvesagijinsta combipalioii of cap’.,
ilalists aud speculatqrs.iwho will otherwise
depreciate your credit to the lowest possi
ble point. . . . ..
, 1 ain.willing to fis.tjiis maximum as high
as. seven per cent., if you think proper; for
such a portion of .the loan, redeemable with
in a short period, as maybe rjecessary for
Jhe immediate and pressing wants ol (lie
Treasury, -nnd we-can,4hcn'-gb--abroad'for
the remainder. We learn from the last ad
vices that nibncy is now. plenty in England;
and 1 have no doubt our six percent, loan
would command par there, if you. will Vcir;
dor its repayment certain andnieviiable in
the maimer proposed by the Senator from
Mississippi, But to render assurance doubly
sure, 1 would even consent that tlie'Sebre
tury should give, 7 per cent, for tlie whole'
loan, if the money cannot be procured at a
lower rule. If, tbereloie,'my voice, bad,any
influence here, I would entreat those gen
tlemen who look forward with pleasure to
the restoration ol' the land fund to ibis Gb-“
veimmeiif when the. rate of duties'shall ex
.ceed twenty per cent, now to come forward
in advance of that lime and relieve,the coun
try from embarrassment. I ask them to ap
propriate this luml in the manner propo.ied
ami' obtain the loan on sucli lerms.as will
tmttlishonor am) disgrace the.country,
1 led our present disgrace l as .deeply as
any Senator on this Horn-. It inis been said
bylnglruailiuiiiy that-we have a President'
without a party, ami parties, without a Pre
sident. But we are all embarked in the
same noble vessel,,which piuudly be.ai> .the
stars and stripes at its mast bead, ami ne
are-all equally bound to take care that the
glorious age of our country 'shall mir be.disv
graced. VVe-aie all equally icspinisibie fur
acler;" Titcsu will be oilrgduresj resource,
should walnbecuine iMeviiabJe.
fake bark the Land i'umi, —pass this bill
iii the manner winch I have proposed—!ind
should we prove to be mistaken’ill the ,re
result, 1 lor one will pledge'mystlf to give
pny,fate ol interest .which tiiay be necessary
in I^?Hr~Clf6“T^ii^-^-npe--qratimrj"lioV
nlnlsl, by, I'huteniis of this bill, the loan is
to be.tbr. wn i.nio pie market,' tu be solddor.j
what ,i( Vydl bring; ami (be land fundi be left j
-1 it—its„ present eo.mlil Oar-diaagreViible '‘ahd,-
.mortifying as it may be to me, I shall lake |
die responsibility ol yoling against it. . The .
majority cun and wjll carry it,in its present;
lm 10; brft, under such- en eumslaoces, they,
cannot and ought not to expecn.uur suppoi.i.
Twenty-seven (It Congress.
' April 29, ,1842.
After the presentation and reception of
petitions was gone through,
THE CIVIL AND DIPLOMATIC BILL,
Was received from the House of llepre
scnlativcs by the Clerk. Also Messages of
aU'Exccutivu cbaracier from the President
by Ins .Private. Secretary, John Tyler, Jr.
file Bill under 1 consideration yesterday’
evening lor (lie ioem poraliiin of (lie Wash-'
iugton ..lainial Labor School and 'Male
Orphan A-yliam, was passed by yeas ami
nays, 31 to 9.
Tlie remainder of the day was'devoted to
the consideration ol a Bill tin the,revival of
the commission lor I lie seiilcioenl ol claims
under the Dancing Rabbit Ciei k treiiiy.—
Mr. tlemjci son anil Mr. kloreiicao addi i ss
ed die House upon the myrils of I lie .Bill
mild 1111 Executive was. moved.
1 l.ue House rcsoiVed nselt min cmqmiitee
ol Hie w hole on (he Apportionment fjdl.—
Mr. Allen, of Maine,’in .the Chair. Mi.
Mason -proposed lhal the ratio o) represeii
iainm sliould be reduced from 68,000 to 02,-
000, which' wis objected In, Alice the
■proposition id find rejection of many different
numbers; liy general nmlei'siandiiig, the
member's then reported Ibe.ir nun.beis'io the
Clerk, sub sileinio, Some time was con
sumed in ibis, and a large number of pro
position* were’submiued ranging from 40,-
UUp io. 14u,h()0. . . ■
til 01-wvhulrwtre iej'ene
j Tlie Coondiltee (lien, rejected .93,000,
’ 92000, 90,000,,87,000, SH.jIOO, 78,365,' 75,-
. 5(10 amt 74,0011 which would give ihe.llouse
j 200 io,ei»bei.s; T _72,ooo and 71,000 were
! rejecteilT;—7o,6Bo .vas voted uponby tellers
;and rejected, bur S 7 voting in die alTnioii-
I tive;—66,9oo, 66,000 and 65,500 were .re-
J jecled. ■ . .
| The Vote was about'to be taken upon 63,-
:000 when Mtv Arnold moved. Unit the Com
■-miltee rise; the nnilion w as lust-—63,000 and
■'62,500 were then rejected. , ,
; Mr. Arnold'and Mr, CliHbrd thought w-e
had got down lo.w.euougli, iinil.be was ready
to rise, ami hoped -the Committee would'
stop here for the. day. ■
In the'Senate miTiiday tlie, resolution
of Mr. Alien,' subniUtedo'i'the..'lBi'l> inst.J,-
culliiigupoiillio President of .the'United
States, for all Ibe infm ioatimi in liiq. posses
sion,, relative.tor the pending contniversy in
Rhode Island; was laid upon tbc table bv a
vote of 24 to IS. Mr. Berrien,, from the
Committee on the Judiciary, reported ad
versely on . the memorials;' resolutions of
Beverai of tlie States, etc., asking Congress
to refund tilGeneral Jackson the fine iin
pose l upon him, by Judge Hall in 1815.
At qiie ii’clock the”, Senate went intuan Ex
ecutive session. ;. ", „.i‘„;
? The House was occupied rieatly the en|-
tire .’day iir, the- tfiiiisaeiiuri of 'private" busi-:
rieSs. V. : . - J Y‘"‘‘' v:;
’ ’fbe two Bousee adjourned over to Mori-,
day. . . /.V-" ,;V.V; •
■ff-l^nlfniSpf
Hjthe«stateof Ahraliain’\Velttd»>r,laleof;lii§t
l >
fisve been is<il*d W.tne subrtfibW residing.iti said
ly aulhenticatediarartllßment. \ < ~ &•
. i < > -IQHN HOm, Ailm'r.’ 1
Ajfil 395,!84«. •
The .df^ThpiW«Byrr|:.in^l^7^rea
surer of ib'o Variißle/exhibitihg the
• amount of hU Receipts arid Disbursements, fro'ra
• , the lOih daj of AprUjißil, the'timodf his ap~
,S . pointiiienu. •;•••■ O: i
■iwt.::
To amount dfTax'authorized to be col
lected for 1841, ” $1286 62j
. To ca*h in hum] of Thomas Trimble, •
lalo Treasurer, / V ; ; 256 72j
Cash from Butchers-and others for
stall rents! t .’ 1 '; 48,585’
‘‘,Cush for licenses to.exhibit, .2? 00
•“Bo.'fines for violatingßorough Or
dinances, &c.,. j. V
“80. License for, Provision Stores,
“ Oyster arid Eating Houses, .
“ Cash for Pamphlets sold by High
, J , Constable,’ ' '
• • i “ Cash, water money frorp pumps in !
public square,
“ Cash from John Peters, Collector of
Borough Tax for 1830,
“ 80. from John Peters', do.-do. for
lB4O, .• .^UOO.
“ Cash borrowed from Carlisle Bank, 494 75
' “ Cash from John Hays in full ofjudg
mcni against the estate of A. Bam
; sey, dcc’d. liUo Trcasufcr, ,
“ Cash from John Moure, Hni| of John,
, Uightor,,dccM., lalo Coijcctor.of 80-,
rough Tax, in part of judgment.
Cush from. M. Hippie, proceeds of
hhy-scalea, light butter, &c.
“ Cash from Charles Fleager and Goo.
Bookman, bail of John Peters, Col
lector for 1839,
By cash paid Geo. W. Crabb fbr.prlnt
iug, &c. k '• I, :
Cash paid John Jf'win for oopy of
Assessment-list, ‘
Do.-, do. Bernard Hcndcl, for wind
ing dock, ' ’
“ 'Wesley Miles, oh contract for
paving West street, &c. • ;
I.ihn Harris,for repairs at pump
jvj.js, , •
0 A ndretv Hare, for.pruning trees in
. ;4 j public square, , ‘
v ' Gliarles Flcoger, for' sundries, re-,
pairs, bell wheel, &c. ' ’
I)r. John J. Myers, bill’foroU and
small notes redeemed, ,
I’oUcrand Adnir, Eeqrs., for pub
lishing borough laws and costs, &c.
.John GiTiten, Oh contract ufWcs
ley Miles, 'for Wes; stjyet,
•Ariaiu Maury, oil-contract Vor Pitt,
- . • ._L4;.*Ppb JHwwe, *!l.'if*iirjurcit-of Cum
berland,' Fjio Company, ’ '• ;
-Gob,‘Keller, Tmasurcr of Union
Fire Company,, 34 00
Goo'rgtf’S.mderson’, printing nil!*, ~ ’ 37 60 - *
-Wilham Miller, repairs done to
pumps in public squares,
Carlisle Bunk, interest-on notes,
House for election,
1 -- John R. Ti>rjicr,-l)ill for repairs .
ftfengme. house,
John Hurper, Csq-i hill for grading
■ *Weaiand Pill Htreete,-—•' '■‘ '
Michael Dipplc, his salary.as clerk
of the market, and for-cleaning snow
fro.n market. house,’
, Jolm VVulker, High Constable,
salary, - and sundry bills;-’
. Exonerations, allowed A. \Voods,
Collector;" -
A. Woods,commission allowed for
collecting, &c. \ .
Thumbs Trimble, Clerk, salary,
and making duplicates.
Cuinmission uliimed Treasurer,
<* ' Daniel Bowers, street c.omims
eioner, his salary, ■
lialance'rluc by A. Woods, Col
ector, „
By cosh paid F. Walt*-, for money
advanced by him,
By balance in the hands of Thomas
Trimble, Esq . Treasurer. of which
SJ9..UO is uncarreut money,. ,
A .General. Rxhihu of Iho financial’ con
dmun ol the Borough of Carlisle, showing tho
amoun< of small notes ouut.uiding. and miiio*
defined; Und debts duo by and to the Borough.
Ann! Biu, 1843, , -
Dfc.
To balance of small 'polfF outstanding
and unredeemed, Us per slulcinem ol
la>l Council,
To amount redeemed by Council and
burned,
Balance outstanding
To dejn duo llur Carlisle Dank*
Clt
By ileposhc in Saving Fund, pcrDr.,l.
J. Myers,, - $59 38
By inn'Hini of siyiAlj ni»tes.rcd>'‘crneu by.
Saving Fund- per Or. J. J, Myers, 64*'S3
per older,
By balance due from'Joint Moore, bail
.of John HcigUtor. dccM,;, - ■ ■
By balance due from John Peters, Col
. lector for 1840, now ip sipi on ills
bopd of Peters and Jlarper, . .
By balance outstanding on sale.of old
market bouse,'
Pg.e Jtonj lames HnlTer,
John Noble & Co;
John Wynkoop,
HenfyGould,
• Carl & Crojise, “
Balance 1 due by A/Woods, collector of
tax, ! • “V.-
Balance due by Michael Dipple,
By balance due by Borough,
Examined by Committee of Accbjilijta and ajk .
proved by Council, April Ist,. 1842. ■ *
JOHN H. WEAVER* >
CHARLES FLEAGER. S
Co mmitUe ik? Account*.
' ‘ ■' 4t-24
April 13, 1643;
' . Or. DUKCAWS ::
EXPEQTOKANT ffmEPY- •
ooNstJxwtPTioia can bb cubed
, ‘ Mrs.'Maty Boners, wife of Henry Bowers, w?» fo.
»length of time afflicted .ft ‘•PuUnononi. Com !■
plaint” which defied iheimltcd ekitl of several omi : ~
nent pHvsicknB.- She hearing of the “Ei)iecl(irar..
Kemwly,” wcs intiuccd to eivo ita trial. Her svnif -
toms where those of phihuie Pulmeriolia, or Pu,
mmory Coimtmpfi’on. vizs .ediy tacking coagi
pain in the hreasl nnd side, impaired appetite and gw
thirst,- hectid fetter and night encsls, with'inuch dehil
ty tod weaknewt She is hoppv inaaying that afti
using three hottleaof the ‘-Expectorant fiaaedy" si
>egnntoha»ahopcBofaepetJyreeoTery;faer6tteng<
eight months since,’and no tymptomsoTtbecomplsSi
■- 7
6 00
41.50
SO. 00
SO Oft
ns oo
no it
.107 00
100 00
S 5 71
$2731 16J
$5l 00
8 00
10 00
12G 00
1 60
43 , r
9 00
17 14
370 00
292 pO
34 00
12 24
16 >2
I 50
8 GO
6-00.
60 00
116 SI
41 30
60 33
67 00
60 17
48 64
147 79
CO 00
$2014 97
HO. 19J
$2731 ICi
$796 S 3
04 33
$733 30,
SCO 00
$1233 30, ?
■ 5 14
SO 10
.433 41
5 77J
'stuU rent. Id 00 *
•• ; 45 00
13 50
, 4 50
10 12 J
147 79.
38 63,
8772 83
■ 468 47
51X32 : 30.