0 II 1 xib.—xo. 10. yr ~ Ta g .t.CA111.151.1.1 liettAt.D.,,o.iii ..ExeosiTnit,' will be issued at - TWO DOLLARS per annum; to lie paid half yearlv,in advanc. 3I) V. E IL TagMENTSnot excecding aaquard --TH:three.-insertions, ONE. DOLLAJI, __and every subsequent-insertion, Twenty-five Cents, longer DOGS in proportion. . Letters addressed to the'publishers on busi ness, MUST Un POST PAID, otherwise tiler - will not 1;e - Rttendedteo. . S a The :ibil,9wl9g' persons hate been appointed Agents, for Ylie- Carlisle Herald and Expositor to whom Payment tor st.Lbseription and - acivertise-' Iltbilti r t can be made. b. sit ord.:y, .Esq. Shiremanstown, C,umb. Co. SCOTT COYLE,- Esq. Newysile, do. P. KOONTZ, Eq. Newburg, - • - do. • Trios. WV. HEOES, Esq. Shippensburg, dd. .1 o Nt. WoNTrtumcittg. d m • .1. Hogurstown, do. . 12. Wit.soN, t. ,Esq. tleehaniesborg; do. Esq Hopewell, , -do. Chnrehtown, do. - Dr. ASA WHITE, New. Cumberland, ~ do.' • THOS 13I;ACIC,.ESq. lgootntield, Perry c o unty .." A. Ilt..Acn, Esp, Landisbuyg, • d: Taitigy;;firefr foil Bess. • .___ . . - . • CorreifiontleAce of the Baltimore Sinerieevt ' • Our.. special correspondent tra,Ostnit,s _ 4o _ us4 .ll 4 , :e,p i llvinr, not , ice of Satiirday% .... •O•oixeditip in C.(..vgils•s: ... ,• ._ • _ . , . F . . ."... ..- .. NVA§ilusz:c.:rON; March-10,18:38 . . • . ----UNITED STATES SENATE. lTh e Sentoe. --- Cfrimbey was filled' this , • "1-nortliq; with - . the beauty - , fashic.it dud —l-11-rlli-gi-ttee4f—t-Ife-c-ity;;:to_ sue al I 1.121).6 - 1L —LA , I, te -c.x.p.u.c4e.di..5a1.LV.... 1 1c1w.ge1),..t.) 1 r.t:J-:11 3 3' _a!! (1. 'Mr. Calhoun-:---1\11 . .. Calhoun iwitti_unti --tiu,cl-t.o_the_fiaor. zlhe debate cOrntueliceil, , -at one o't 11)(,E; .... , .. ._:- , :,..• :--- '.- __,__- The rporititt hour was c&.1 . 1j)iec1...-i-n -, , the usu..] niisc.ellaocou.s itior.niiin 'Mr. BucTiattan , : „ prpresented a . fnembrial • • . .. Troin a eitzen - Of Philadelphia.AtpOn the_, _ sAiert of the currency, proposing a plan ---- fora Nation'al/Bank',-the stock t.pb . e . u%Yn .. edby -the,ditrerent_StateS in the ptopor. lion cif their.delt:gation in the House: of Bepre.sentatives-,-The drafts to ..be 'en clorsed-lq the respective states and b.e.„, come tbe•rUrrency.Of the countiy. The capital •at first to be $70.9Q0,000, - and. • after t h at to be increased'at the'rate cif _•i 2 pc/ cent...per:annum. ~.. . __ Several bills were fi nal'y passed. • - " • S.LJBTREASU,RY BILL. - :_. .... • = . - Mr,Calhoun-sai(1:11. - e - rose ifiTUlfilMen.t - -ix it pi.ornisQ. - wh.ic illie, . bad-made when' ._;.........he....laat..addiksSlcLih_e." SAl,..,ale.,_tojep r ly lat e •''' his own good leisure' to tittsceply of the - Senator — fiTifir*S - Ermrck3r.: ---- I - atrris 1.-- . lt : lasi 'to believe, continued he, whether it is must rernar.li,able for itko.misSions or its' Mistakes. Mr. C. said . , the Senator from Kentneky_had - . misrepeesented him in al . Most all, that he bad' said in his opinions isgainst the substitute of Mr. Rives..-tlie _ - bill before 'the Senatei f -aud the Bank of the United States. Mr. Calhoun then ' Speci fi ed: these •mi representations, as, itecallecLihett4 which Mr. Clay had of fered:OS: his rental Its. ' - • ; • 11 - 1 - tiS e I) a nir - frarn - K e trttre-k-y,,-col i tin tied Mr. Cahoon, thought proper to-lit tioduce cef tali personal remarks, Which, , adverse as I ami to all pergdnal allusiims, •l' will liot pass„ by..unnot•iced. .\Ve are sent .here;, said -Mr. C., not tab, v,rangie; • but to attend to public business. But no caution bn my' part could prevent me • . frcinti.being ansu clad in a personal man. Tier.'-c , , . ... _ . . . _ . Ile 'has made agiattlitou i porici personal assault. on me. Ile at-s4ted that I ex pected aid from the opposite party-, and this was the reason wby l•had gone over the opposite sidtvor left Ws party I cannot, continued Mr. C. attribute a • iOve. of personal a,lruse,...;-hir the charae t the Senator`. for rde to do so,--• a. , s the reason why he thntigh - t- proper -to at s~rxt the-tnann r lie.-diat:LA _CAW - not 'etre're'th4t lie did,it:with.a ! 'view to , •• • intimidate - me.t:-The.Senatoricnows me ioo well to believe that I cati be intimi dated. f 'represent a Coustituenti as re• spettable--,asjhose represented by the • Senatori'and I can find but one .toOtive . why ,he Senator referred to me in the ~,_Artanner fie has. done, The -Senator, "• spandrig — of overthi : OWing. argu. • - Ment.:my argument, 'has resorted to per. •sonalities in the' lrblie that they would answer My• argutnent; • .- . • Viewed in this light- he• intends them' as an answer in pact to toy argument. • The - Senator , hits imposed upon me a itouble duty, and before I have done: I shall place .my character as far above the .shafts of-the Senator as my argument was above his ability to meet it. • s• . Mr *Calhoun here ,w.t.;nt on, as he :aid,. to give an outline of the ,eventg' 'in pasChistiatir, to prove that he had _ been.a consistent man,' and in this part. • of his subject, he calld - upon the Secre.. " - 'tary of the. Senate to read in aloud and parcel a sPeech- made •' manner • ' him in 1854; Mr Calhoon tilso 'called i. upon the Senators aa - • his jtnlgcs , to listen to his speeeb, - and to.liis opinions -Of him. • self. .My'Calhoun was very interesting; *except when reading, havrng read - col, urnniof ,old , speechea . .rnacte - years gone 7 by. r Calhoun; Irowver,-riaidthat ty ere At id or:clef . ' , •''twprOVe3thiChe - had ncit : gonefroni ore . side to, another. • :He wished to•ctear his skirts rom any such - . chargé; 'The • , ex tracts , were -the longer...part cif rtal -110 y-The readitig--of speeches•-haviltg -,• (teen wine through, Mr ...C.• wi nt on itt cdntinOation. avcired that hO had • - ' .- ~ , . , . • • .. • . . .. .. .. . , , . , . .., - .. . . ... . . ...., . ; - ' ; ',,.,'. 4 . - 4 . 't ". ~ ~ . .- . ..• ' • - , . . . . . .. ~...... . .., . . . ! • . . . 'Ab;,- _. . ~ . . . . . , . . . . • -- L ........ ... . .-..... .. ' ~..I I' :: . j . . . . ft , • i . , . r .... .. .. ... .. . .• ...._. , : . , . ._ , . ......... t . ... ..____ _. -.,_;:.• ..0. a•_.. . ..... . 4,.... _•. .. i, I* . 4..._ _ ..... . .... . . . ... . .. .. ..... __ .... ._ . , . .. . . . .. .. . ...„.•• .. _.___...._____• .„ ~., , . . ..._ ._ - • - .7411VS.P.I.PER:—DE TN? Tl 9 E. TO .1E :POLITICS, .LITEHJITURE 9 . THE .lIHTS .147 YD SCIEXCES, eirG.RIIWITURE ) 4.1111U5E , 771E.VT;, *c. been consistent—always hetin consisreat --and'tio man • had:heen mole so--than hiroself; liis rule.,or action.- had -been consistency,' and. yet-the Senator, when his. consistency was upon recOrd, and had. been. proved-by'tlie-speeches ,which- -had been read, said he had gone over-shad changed. sides ; But lify CoarSe,• aS has been seen,' is consistent, And his charges fall to, the ground; from written testima• ny I haveliroved my . consistency, and I think I have escaped victorious. [The good opinion of ..Mr.Calltottn.concermng• hiritself and his' speeches, here- excited gederal 'expression of Merriment iii the Senate Chaniber.l . •- - Mr Calhoun went _on to answer . that' part of Mr "Clays Speech Which quoted `;rn_nis Edgefield letter in 'answer to an invitation to partake of a public. din= tier. • lts-that letter, as.yoirinay remein• • bee, he . spoke of the_stispension.of specie payments, and ,the. important political eitettis of the day cotrnected" therewith,,., Mrtalhoun wade a - pat ty iuestion of and Made his rentirks,-- 7 •scinte of them at qvaSt,—cif -a,party 'character.-. -Mr Cal 'hoWever,.had one 'Of the extracts read, and then - with a burst:of, eitcitement said,' that the - charge of the Senator falls to-the dust, and there" I trample it down v • th lessly- at my feet,• and I pick up and tit) ow 'it • 'Mr Calhoun then wetiron - and said that .he bad• not left _the y .Of wpiclv the, 7Se - nater__from_ KenrUcky was guished. inemb?r, Ile-had not -left that • - 1 - 1:6 - 0 - ghlreltatl'arre - tritrirtrit -- 7 - rheVerrrn'• no party. except_ the 'old - Republican par 1-to—of '98.,-,to_this,. arid none — other, , I p port -al pari i e ty,-and-Lopposeipp Ose alt:parties_ltho .oppose. that.-.• 7 :-=-Mr-CaTltnimAlten_add,Lesed lantself to the _friend - 4 -"of -the ad IninistratietiAtt , the Senate., 'Your principles he; sb'ur be vierOrious and yott -triumphant,- .11 you have a .caratil eye_ to. the• finances - of the country. . - Mr- Calhoun then spoke of his own intellectual powers -la • aniiVer to Mr. Clay, who had called 'Mr Calhotin metaphysical:7.mm]. Mr ralhoUn \ said be :could not accuse Mr 'Clay of possgSsing this high power... In;its, ab'ssnce -and' in die want of-it,-he acted under the influ ence of lighter and more flighty qualities of, mind: He _chose the speciou's to, the true the apparent to .the real—the fan— ciful to the sound.: ' • Mr Calhoun said that he had been nearly twenty. seven -}ears IfifiliTiCriT,i - iiT --anEl-heAtad---tioen-consistent—atat-tAfP.rt.R. from that lime to tite pfes , lnt. He came into public life . at an early age, add had continued in public. life ever-since. he came into'po'dic life when Mr Madison 'was Chief - Magistrate,. and during the war,'and his speeches then were proof that •he was a practical and consistent and sound man. From Congress I-passed to the ,W.ae Department, and 'Sound that Department ettnbarrassed and disorpn••• ized, and soon I put it in good order-and. _placesLit_it>_a_. ourishittg cond it ion . .From this Departmpa I was - made Tice President . , and therit rallied to. the only man 'whomd. thought could - arrest- the abtiset,' of - thesconnttty. -. was-mistaken, and since-lhen I have before proved my self a consistent man. • I have now repelled the. charge, and as l'think cancelled the .ch bt between me and the Senator from Kentucky. Mr. ' Calhoun - flare c,ontluded, • and all eyes ivereirnmedia..tely•turned - upon Mr. Clay. Mr. Cla?, at Once rose, and said, that but for the present intereiting -occason, he-showld-nouhave appeared Mills place, ills he-aVt waS . not .goOrl;and he was much indisposed. But as.i . am,- I. am- 7 self•prepared and,sell,poitted. '1 do riot ask two or three weeks to prepare and concoct any . speech in , replyto the Sena tor froinSoutli - Carolina: - That Senator :it:gall. kis remarks -by referring' to the omissions in his"wrltteu, speech.' - • Hate Mr Calkoun interfered; and Said' that he should like to interrupt. hirin, for ,he dirnot mean to say thatllTCSenator had omitted.any thing. .Mr,Clay said:that-he had-not interrupt , ed iht.Sonator, and interrupted. - Mr Clay went on and com plimented the • Unquestioned talents -and ability of the Senator. - - Mr. Clay then said, that all the com plaints of tlle SenattiFiti regard' to - Ids speech were in fact not hat-'he had - mis stated his argnment*, but thatlie hadmit ziyen tlie circumstances stated. Well, continued 'Mr' C.. he complains th,.t accuse 'him of Intonsistency when he Says that duties •should ,be- received in gold-and silver and in nothing else, and yet consents to -receive bank paper for six years. A. isiaikonO! ,Bankis not un• constitu•tional_whetr yougiye it a charter car six yea - is. --- •it 'unconstitutional when ydu give it a Charter twelve:years, .but .yon ,must ncitigiveyit-ar„chavter for . 'more than twelve 'Oars., for that would bentreonstitutiOnalr --Mr Clay then eau= merged Mr - Calholin.'s Speeches,- .05-teS, 0 1iinionpro and Cort:'urion the. Subjeet of' a Bank. • • • Mr , Clay - -then spoke : 61 -the Edgefield ktter, -and :said 'when I sttiV„tlais,letter 1 could defend 'the SenatW tritin;S - Mith Catedinit •kv.* I Sant • his remarks -upon. -the friends with whoM• I act, and have "acted, I could have. qnft7. hence no longer.: -Even 'after his change:, .Senator says tliat.he neither confi des "in -outofir- - Avisdimp,, nor - our .0.- .11 1 )ringed and . .PubtOlted l lfte.lely by Geors'eAL . lP l hillii);9, in Cailisle l .Cansbeiland County, ~ , • triotism," and ye t after•deliberately , Wri-' ting-thii, and alter deliberately sending it . a wav,--after' dedlaring7t - hat he - neither confided in our. wisdom, our firmness, nor our 'patriotism, and' yet acting: with us- who ivere sottivise; and sn‘yeak, and so unpatriotic, for the long period he did, he goal home:and denounces Bin, continksed Mr Clay, the Senator is always right„ and., every_ body .else, is, always, wrong... • His .thunder. i'L-always.' right, Every' body's. thunder but_ his•is,always VVrOngi . '- . . . . . . ~ Mr. Clay continued, ailil animadverted in.Strong.terms upon the-position of. the Senator- - -traced his wandering course throUghall . his ,Politic - arlabyrintV,'and said he - should leave all comparison be tween the 'Senator's speech . and ' his -IT -VY,-- by refefg those who chose to" see them, to the sinechestbemselves. They were binh befa're'tlie public—deliberate lrputthere-.-anii tlf . Ose vi , ho" eliOse . ta lie „ri _arbiters 'might jti for themselves. No' man, said Mr Clak, is inpre averse to personal Controversy than :1 am. The duty I hA-to perform-with"-hini 'was -a. painful one, ansl'even•afteibis'extraordir nary suinmerset•from one Party.-to anoth• el., upoQ tore occasions thawone, when attacked I defended his motives. r_he_Saluttor_fro . . tinued 'Mr: C., like some other-prophets, - prediefs .. yery well after , the 'Occurrence has happened. , In - some of iris' late. speeches , fOretelling. luthre •events, he ha , ,Tdrgolten what he said. He has for gotten that he once . —alid in I 834 . vi•0-tit tit yt ly oppose - chtlie --- Suly:T resstrryiTtmd WilriVilliicrronXiVelrftirai'V a'r= ter to_ the United' States Bank. The -S.enator-says-also, T t htithe . Tilin - farty -said -My- Clay, I ut i to fhe -SiMator,liiinself, and ask him' ifit . is not too much-HtCrask of-the . public= to belieye - that all the Whigs have vt•hinb and all, the' suppOrters, - of the tration have::konl= to - him, while lie has atood unmoved . where he was, without change. of position or of .principle ; and ydrhe - would arglle.thathe tclone._hits not changed. We; he :sayS, ate iinwisesg.tin-• patriotie'and without firmness 4 while he, is wise,. lirtn . and Mr Clay 'Continued: and said, I . shalt animadiert- and comment, and .reply the public acts of the'Senator fr6m South. Carolina, and I shall - do it-under all the responsibility Of my station. When he does as he has done—speaks ,as lie has -pOlten—he must and shall"be rebuked for the course he pursued.' Ile descries it, for no mah - has been more, bitter in rilibmot e--yariatile-in-his cotirse,,or laid so Much claim to consis tency of character. `Speaking, of MrCalhoun'a patriotism, Mr Clay said,, I am afraid, the political geography of the Senator from South- Carolina does, not mean. inurli. • I am, afraid that his patriotism, means the south , —and that his 'south means SoUth Carolina, and that South Carolina is no More than Fort Hill in South Carolina. When a man lays claim to so. much, lie i generally has'but little ; and wharf a tna questions the want of palijotistu ano firmness o 1 .-is fair that he, has liot too m.uch himself. Referring to wile of - Mr Cappun's reinarks about bribery and corlaiption,--- intended asAttenomrHasinuation—Mr Clay said, if the Senator front South Carolina wished to ralce•up the old story.: of George . Kramer, : to cover his own na kedness; he was wetaiitrie. •Mr Clay then at length explained and defen4ed . hiS,vote iipOr•that occasion. [Mr. Aclamt, the venerable .lilx;‘President was beside Mr. ! Clay; and Mr Pope, who comes from - Iris distrita„tat, before: him.] Mr Clay. said that 'he, had never reg - fetted and should Over. regret the vitte he the!! gave. It was one of the proudest Te flecticins of his life that he had contri-. butcd in no way'tdelevilte the' . late Ex ecutive of,-1-he:United,States. The vote he had given-for-the- respected -gni-yen - crated man , beside him, had The approval of his own conscience; and the approval of' the peoplectie in part represented. They haltiTrie and again sanctioned - his p`irte. Clay-continued,. and said that-when _ . ... takes to prove his consistency, 'be.. will uodertaket6proVe something which can not be proved. Ile had not‘hcen consis tent as I have proved and can prove again. •• , Irt conclusion, Mr Clay said the tor has allimed himself to use epi-; theta whkh are not customary in delibe rative hodies,.. as 14stojn;!!.&e. 1, 1 an swer', I hit've none • of these : epithets 'to hut], and I can assure the Senator . that I reciprocate all he-I%is said„. The debate - was further. 'continued by Mr Calhoun in repeated. retorts and re joinders, and by Mi?'Pre - sion in; reply to some rentai.ks .made-.by Mr - Clay in re gat& to -o l ulltlication.-- • • • . Cortesfiopileuceqf:gic Eakin: Ancrican . . . 01.0 special, correspondent' transmits to us the fallowing notice of, yesterday's proceedings'ln Congre.ss: . . „ • WASJIINGTON, March 12i UNITED . sq..A. c .us STATES.. • -' Mr 'Buchanan presented' a memorial from.Pennsylvanta against.the.practie of duelling., ,T Ile .111C11101iajlwasread,..oti: - dereirto be printed,_ and laid upon th,e table.: -• ,--ar . , ' gr . Ott 11-7 o f-;N ..J:, prise n fed -a—memo. rial from - New . /14,k, N, .1 , upon'the sal); jest of. tlie--I-ate , -cluv.l in.--the District. :of TFT E sat b y.. 1 P R /11/4, 3 j r 1 S 3 @ _ . „. Columbia, and- ddelliiig generally. The memorial and the proceedings of the meetingin New 'Ark 'were read in. full, ordered to lie printed,, and laid on the tUGIe.• - ", • , • Crittendon - presented-a.-trumb,er' - of resolutions from-the "Lygistatbre of Ken. tucky; ,, eXpressidg the opinions of that legislatbre and of the state. of Kentudicy bpdh the subjeCt of the currency. , ,•-Mr-C,:lletencled_the oiiiniOnS expressed 'in the reSolutiOns u ancl said he• took,pleas tile in sub - s - Cribing to all the:-sertimems they contained. ,Mr C. contended that the IaWS, the conititution,,and -the tisages of the country, were opposed to the i qrs 7 ' Om ofthe - :administration.- Ever me& last 'December a de'Cided had gone flirth against the experiment -proposed lo the,Senate for its adoption. .Not only' petilioos 'from, thousandi deliberate; people; butt - the diberate,aCtion -of whole !stateS; ,-- 14eW - Yorf4t.. - wi thAier ; fort-y-rca • presentatives, had spoken - against this, bill--Penbsylvahia ha's ,spolten ? against it —Te'nnesSee Spoken_against -New 'Jersey has ..spoken,,againstl.74—.-and..all. these states represented by 121 members of': the other ,11 - ouse,-one half' orthe. whole ; number of members'',==had spoken against it, and 'other decided , opponents united with those who had expreSsed a con opittions'against this measure. .. 1 said Mr C.,The. - meriabers of , the House voted aceordingto the declared opinions of the Statesohere yvould be,in the House of Representatives ttinajority of AGAttiNsT_the - bill before the Senate -1-13u-t-one-st-a-tez-liaLF-5p0141,-fov-rt-he-bill-H -S-atitre-a-rotilf-dritrli6-Itiroli—Stilit4-erdlitl .alond• so faraS an expression of opinion _vent. -±o.thers _bad attempted. ailexpres2 ,sign_ of opinion in its faVer, but had . fail.. ed in the attempt.. • - • - •- . The , resolu !ions • were then preenieci, read and haid'upot - ififfe --- table.. After some miscellaneous biisiness, the orikrs SU - 13cTREASIT IRY BlLL,—were called.•.• _ Webster was entitled fo ---- th'iltior - , , .and.commenced_his vet - narks by.saying•--.. Thelun,vions of this governnient 41( 7 .feeting its most important intgrests, -Wet*, those connected with - trade and Com': merce. Id6ntified as these were with" the peat e.,,and = prosperity,of..theLcouniry,.. it was well to ebnsider these things,as 'they were: 'From nothing, the counit becorrie great and magnificent. Our ex-' ports were 5129,000,000, .our Imports . . was the a mount of our tonnage.. It manufactures most important, and- the Country was not onlyast-..in_ligrade...lnitallStirlitie X tent ~ Our Foreign Debt,--:not our Commerciii --tii,eit- Sl2,ooo,ooo—hut - our loans amounted - to not lesS than 8100,000,000. • Mr Webster, after stating in a concise manner, what was and What is the condi tion of the country; physically and his torically, entered upon a revisionof.its financial prosperity—its currency, aitd . the-peculiarity of its monetary system. Otir currency was a mixed currency, -part-paper-and pat t specie. Our try, 'hall a cetnuri - old, had probed and 'ed = this . mixed currency and fo`und it ufficientio - rall - The purposes - of - lircH-f?r.- .11 the wants of the county—for all the business of the country. _ Thig system: of currency Wtis identified with. the .credit'olXthe. , c - ountry.. Mr. . Weistet: then entered upon a lucid and eloquent review of .the credit , systern:of the country. -• It was identifieil with the happiness. of ~the country., ,It• encour-. aged 1.1bOT: It united labOr with.capitaL It made ..generally the laborer• the. capi talist.. There were e . xceptions:to this, but as a general.l.rerriark it was true. Where-i4-this-capital pow? said Mr W. I_ll your:banits,-,,"tin.yo_ur canals—in ,your 'ail roads--brnlice-4 . ?tifFoi.kgs—and Sul lic works — trot in-use . but , , England; continued - 11-1r - Webster, the capitalists - increase th eir' capital by dividends tipon!the public_ debt of _G l reat. Britalin. As capital, it favored ,nu'induS try*it encouraged no industry--it Was indentified Atli nothing. that. was active, ' • r---tha COuld.the.debt of toglißci , be paid off at once,_t_h_e . cSpitalists - who now inV'est their , cipitpl in the.debt,.an,d who receive their interest Ifbilrdirade - Pds --- tiracle - ttpon—the- 1 public debt—Could rlitt, said .54r-- Web ster, be paid oil' to-morrow, the English capitalist 'would invest nis7.-capital in works , of public •improv'ement, and the benefit would be immense to Wages would increa se," and a - revolution would be seen in every` part of England-. The most aristheratic sentiment. ever ettered_in thin'contikey, said Me.'W.Vwas that Ivhich said tirert 4 those Whci tradekon borrowed capital 611 . 0 t to break.,' And what would he the effects of this?. said:, Mr. Webster. Capital would be.hottulpd and made a dead. inass,.arittnot as befOre,, t litiing and, actiiV,e prittriple.. The waS : to maim the - laboring elasseS of this coun.try.bot Healy. Ilekter . than the serfs of Russia. • ft. wog, this.''borroweil 7- c - apital that gave ,prosperity t,o the 'new and tlti representatiVes. of the new stales should be' thetfirsf . to foster intl..encOnr age. it. ~'[Mr : Webster pnrsued..thiS .quiry Some.length and, with _greet_ teeest, showing . the magic and , beneficial. ,'Poiver'nf-al:whialvisinne credit 'system.] Much,, said Mr. NYebStet, .haS;beett said, by' the Sonalcie ,:front .§otith 'Citeolina of ~ . theititerestS.,olthe cotton growing.states, 'And% what ilOiliS interest mare I an That rt:ft o_ e-gra i n_ : iro win g_ tottl_arl_nd .. ana,;:,, of , the %%raver and shoentalter OF Phila deipiiia.,---of. the-producer .of..prb isions, . . . . -, , .0f-any_interest erjual With _it in extent --of the ; l6o,ooo„ooo.whicKlS the annual, a.rnotititirtiffihe cotton ,prOduced -- in the south? J . ,' Mdit is. a fair : calculation that of thia,; - 4560,990,990, ° -' , --845,000,900; are seut"eren the produeers, among the employer ancrilie emplOyed. '!, ..• Mr. Webster.weht on to illustrate the interests of his own atatO, and,under the head of Massachusetts an array 'orstai;t-: ling; facts wererstated.to With 700,000 people, and 8,0010 'square - milesi'Massachusette, a small .state;-has an annual product: of Si6o, to:every man, woman - and .child in the state, .arid her annual manufactures - arnount to 5140,- 000,000—:..This too, was for boots, and. shoes, an.dleather, - and books i .and and woolens, aniltfor like useful' articlo.. the .entire manufacture, Of_ jevrellry. a r.nountecl only. to S or - 400,000 doll. this whole hum. •! yet wittt , th-cse:Xiints . -tie(ore.Aistran_ example of -multitude . of-such Nets - in many of tlie suites=--agaitist this system a cry of "molipoly" Wad made. It• made :`nlie..ricli•ticher, and the. poor_ poorer,"_ was another eontemptible,'and base and unpatriotic: . 'declared._Opinion upon. this subject7—a dyintended to have on effect on the Worse and _baser passions of men. .Besides, oThing was morelalse and un Am] ;1;1 • • Web Mer then entered upon - ah ex arnipatiun of—the--Bankilig=systemokhe United StOtes..'Theretv•re, - he said, •in the United - States 709,Xanks,--between 3 and . $40q,000,000.0f capital--s'Bo,ooo,= 000-61—spe,o-VeirtiodaB-1-P0)0(4000-of-bairk yibraltrdirEillalliNZ''''llrlireifillEfrciaii= rnentcd upon ,thcse. - sta,tiitics is, referenpe lo_thcia:rratigetnentsi_innefi •. -• • • .., . •.. 'r • M r Webster then .said that if there had, sheen 'an expanSiorrrof - thecurreney,---fi nd :he did not doubt' but titere'hu4, been, - ;;- 7 - I the _government was the canse. Mr W. read. a letter from the ,Seci7'etary . _tif_the-iTre.asury. written - . just- after the. removal Of theDeposites. Theletter in structed-the deposite. , : banksAii discount' -Italie full amount of their ability,.and to I . the full_means which the deposites allow- . ed, giving - as-lattertlis.catilits• to the met-- ..chat74s_as. ptiasible,..consisteut_Witli,other_ claims.. And yet for acting under and .carrying Out these inStruttions, - the bill before the Senate had introduced a section of pains' and penalties. The Govern . . ......_ menu cothinanded 'a thing,. the doing . of which was to be punished with pains.an . d penalties. , . -- Alr''W - ebster - enlargftl-Upon-'this-bratich- • - undue excess - the Government alone was. responsible. -• Mr W. then made an argument to Show''' . the , effect of contraction and-the necessi ty of a liberal circulathin of notes among the people. With but,i)pe ex.ceptiirt, and that a recent one, he said there had not been a time when our circulation was too large for the wants of the country..:The country Would have got got along, Mr . said, Without A auspensioo,of specie ' ,trients_ha_Lititet been. foe 'the Treasury ortlerefjiily inanner., in which that outer was executed. ,There Would Without thisOrtie,r, no doubt, haire been 'suffering and distress, but the banks he. thought.. would tiotiniV.e been compelled to 'suspend Speei . e pay ni en ts'i e • ~ .The ,paper_ _circulatiOn • payments: . the- United State6nd Great Britain was. the, next topic discussed - by ; NI r. Webder, The difference between the ttvoCOuntriesj and 14 causes of this differencee were . • stated at length, and 'tvitb,great ability.l Mr Webster proved diet ,we had - been two: fold More, rigid. and severe in onli dealingi with banks and monied, institu tions; and had suffered two fold .evii (be so-doing. .In our intercourse . with the.: banks. the•interest of thts -- ,...,, - bankers - is•;at 100 to 1000. .1.1? e interest-4, - the - people; the banks. • - . 5000 to I 00.0., The. _banlisbettifitted_the_ottnig as much as theeountrY benefitted the banks. . Be.; tween.the people and tlteanks, thefavor shown to'.the. people, Wag' as four to One.. 'Te - cry-agai nu t-t dy, unnteaning and erroneous—and • btit for effect:: "!-- • • .Mr 'Webster tlieh'eame to the hill be, fore, the Senate,..antrsaid:fte _should-con sider itl..first, as _to ,its 4notle of keeping gtiarding. the. public 'money,;. and se condly, in reference' to, its effects. upon tke cointnu,nity; • - Me Webster' asked' if -the bill :was' to be succeeded. , by: - other. measures - r•' Was the billAntended away ail paper -- ciictilatiort?. --, Was'it in tended to have a gold and silver:circula, tion'exchisively?.- , Air:Webster ;tho"ught not; and yet- that....was the .out- . -of-door , clamnr.,.... Down the -banksdown with:these.: 700.:littlerluonsters 'was the. cry out-of.-doors , and ..sometimeS• here. however; it'.-Was. generally..ae knowledged here thatthett-thust be,some bankino-in the catintif; . .- .• What,' said•Mr 'Webster;" - be the. ,c.op*queiice'or tIlk? Suppose We antie.i 'pate the, passtige,iii allow _Some . .portinn:otthe ~ publicrifues'iti paper: now .. cothei.and'zit:e,iclusiVet - ipecie 'part prediction; : sajd Mr ! Webster;let'Sech a , 1-ntettiVre_be,. autkeri zed o,inorfow_ . • E=l ing, and ..,,betoVe five o'elock—to-mnrro.w evening there' `-`,Viirl•Pbe goo . privat: banks. in the community. Every broker „wilt become bankerevery body will bank - , and people .° will do' among themselvei what the government' will not-allow to be done.*.. • : • roar; and twenty hours, said Mr'. .Webster„ive should go back .threehun dred year's• to the old Bank of, H ambu rg-r • iii4ing..this. retrogreasivef Motion in the space ofone do y; • . . gOalciniTt . uytherof the iinPracticahill-' tiorthiS:bitkind the . , payMent.of specie, 'Webster said that the daily payments made in the city of - Netv York from bank - to hank,. and fi om the peivie,to the - batiks - . and the banks to the people;,was not, ieSs than. sBo,ooo,ooo,_and that of . the' whole coun tyno Mg - than $25-0,000;0001-And this to bo .Carried en iti specie! How could -it b - e - itoile; and Thovv_i..can done? Impoisibro. • The effects of this bill formed another ..pr_omment.part of Mr' WebsterN speech. .The]tar payer was-to count out his'spetie tO . .the receiver—the. T eceii-er,to the 'burser•:--tthe disburser to depositor;-,-and depositors to .diabu r rsirs---and, the $.10,;• 000,600 received' for the revenue.must tie iontotLfiv . Z.---iimes, or to the amount .of $150,0:9,000. 1 -and4hus- we were . hi be, come,; jThilitik. gene - ration . 01 men-a nation of bell-ringers—symbol tinkers-2-a bard "moneygovernment: •• , a-Leffect--tuiLtlic:_bls i at:B9_4'l(U . 000000:-.wilt al ways-on-ap:Overige, unite theioperations of this bill;te)ioarded:antl kept I