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MAY 25, 1836.]
Louisville and Porlland Canal.
the agricultural productions of the western country, petitioning of the people thus far has been but the diswhich seek the markets of the Gulf of Mexico, are al- tant murmur in the western breeze, but it will become ready much greater than those of the eastern or Atlantic | louder and louder, and speak in tones and accents which cities.
will command obedience of their own representatives, When speaking, Mr. President, of the propositions and attract the attention of members from all other secfor this extraordinary expenditure of eighty millions, in tions of the Union. the military and naval defences of the country, let me I might go on, Mr. President, to swell the importance not be understood as referring to the document from the of this matter, by going into statements showing the alSecretary of War, which is sanctioned by the President. ready great and daily increasing magnitude of the comFar from it. That document, in the main, has my entire | merce of the West, to show how much of western proapprobation. It is worthy of the source from which it duction entered into the foreign exports of the country, comes, and gives us opinions on these subjects which we how much into the coasting trade, and how much into shall probably all approve of, now that the excitement the consumption of the South; but I forbear. I do not and danger of a French war is over. It is agreed, how- feel it necessary or proper much longer to detain the ever, on all hands, that, our means being ample, we Senate with any thing I can say about it. A glance will should look to a more perfect and permanent state of present it more fully to the mind of every Senator, than defence, as a means of avoiding war as well as of re- any description I could give. On a former occasion pelling aggression. And surely the internal prosperity (said Mr. H.) I entered into a calculation of this kind, of the country, as far as that is intrusted to the care of based on the official statement of our exports of a previthe federal Government, in the regulation and protec- ous year. On the present occasion, I have not gone into tion of domestic commerce, ought to be nu secondary | any such calculation. Indeed, there is not anywhere suffiobject. The domestic commerce which floats on the cient data for such calculation. We have no means of asnoble rivers of the West to the markets of the South, certaining the amount of our agricultural productions that supplies the consumption of the cotton and sugar which gointo the consumption of the South, or ofascertainregions, that enters into and becomes a portion of the ing with accuracy the amount of millions wbich float upon exports, or that creates and enlarges the still more valua the Gulf stream. These go into the foreign trade, the ble and important coasting trade, must not be abandon exports of the country, or fall into the channel of the ed, or left without the protection of this Government, on coasting trade. This great amount has been variously ils way to the markets of the Gulf stream.
estimated. On one occasion, not long since, and on the What, Mr. President, is the magnitude of the interest floor of the Senate, it was computed at sixty or seventy making this appeal to your justice? It is, sir, the whole millions. But he would no longer occupy the time of country west of the mountains; and there is no portion the Senate. of it, however remote, without an interest in the very / Mr. CRITTENDEN and Mr. PORTER severally ad. question now presented to the Senate; a country almost dressed the House in support of the bill. * unlimited in extent, and perhaps unparalleled and un- | Mr. HENDRICKS moved to amend the bill by proequalled in the salubrity of its climate, the fertility of its viding that the stock may be purchased at a price not soil, the magnificence of its rivers, its agricultural pro exceeding 121 per cent. above par value, instead of at ductions and commercial facilities, by any region of coun par. try on the face of the earth; a country extending from the Mr. WALKER opposed the amendment. He would Allegany to the Rocky mountains, from the Gulf of Mexi gladly support any measure calculated to relieve the co to the great northern lakes-a circle whose diameter commerce of the West from the burdens imposed on it is more than two thousand rniles; a country having many by the extravagant tolls of this canal; but he could not, thousand miles of steamboat navigation, and admirably consistently with his views of the constitution, vote for a adapted to internal improvement by roads and canals; measure which would make the United States joint parta country which half a century ago contained fifty .or a ners in a stock company, and a collector of tolls. He hundred thousand inhabitants, and which at the present viewed this as a revival of the system of internal imtime contains near six millions; and one which will be provements in its worst form; and it was, in his opinion, capable of sustaining, when population and cultivation equally objectionable for the United States to collect shall have reached their maximum in it, hundreds of tolls at the locks of a canal as at the gates of the Cummillions. It is a larger country than China, and capable berland road. of sustaining as great a population. This country asks Mr. BENTON spoke in favor of the amendment; you to do-what? It asks you to appropriate out of your
showing the great importance of purchasing out this thirty-eight millions of surplus revenue, which you do stock to relieve the commerce of the western cities from not know what to do with, less than three fourths of one the injurious burdens now imposed on it. Mr. B. spoke million in favor of its commerce and navigation, in the of the tolls on this canal as being now double as much as removal of the obstructions at the falls of the Ohio. Sir, they were at the commencement; and said they were so can it be possible that there will be any the least hesita- | extravagant that he regarded them more as a fine or a tion in the present Congress in doing all that this bill penalty on the boats for passing the canal, than as an requires? Let this subject be viewed in its proper light, ordinary toll. Boats, he said, in some instances, and the principle of this bill will certainly and promptly paid as much in a year for tolls as the whole amount of be adopted. Should the idetails of the bill not please the their cost, and sometimes more than the amount of profit Senate, let them be amended. Is par value not enough divided among the stockholders; while the extravagant to offer to the acceptance of the stockholders, let it be charges on flat boats and keel boats were such that the increased, or let the attention of Congress be directed rough boarding put up at their sides to keep in the loose to the improvement of the other side of the river. It articles was calculated as being part of their tonnage, is easy to see that there is something in this proposition thus charging thirty or forty dollars toll on a common which can never slumber or sleep. The people inter- / flat boat. ested in the navigation and commerce of the Ohio river, Mr. EWING, of Ohio, said that the proposed measure, have petitioned Congress upon this subject until they or something equivalent to it, was of very great imporhave become tired of petitioning. The prevailing dis tance to the western country, and was due to them on content upon this subject is general, and deeply felt. every principle of justice and policy We annually apThe representatives of that country in the Congress of propriate very large sums on the Atlantic seaboard to the United States will be required to do their duty. The lopen harbors, to remove bars, and to erect light-houses;
Louisville and Porıland Canal.
(May 25, 1836
all for the purpose of aiding the foreign commerce and price of the stock sball not be more than twelve and a the coasting trade of our country. Now, (said Mr. E.,) half per cent. above the par value. the navigation upon the Ohio river partakes of the na After some remarks from Messrs. LINN and WALture both of foreign commerce and of coasting trade. KER, The trade which is carried on upon that river and the Mr. BENTON thought a majority could go for it, if a Mississippi, between New Orleans and Pittsburg, a dis little time were allowed to regulate its details. He tance of two thousand miles, is as fairly a coasting trade wished, therefore, ibat it might lie over until to-moras that between Mobile and New York, on the Atlantic row morning. This was one thing he was in favor of coast. The only difference is, that we have a coast on He was informed that the tolls were doubled, and he both sides of two great rivers, and on but one side of was in favor of a reduction of them. They were enorthe ocean. In a national point of view, the commerce mous at first, and they were now no longer tolls, but a in both cases is the same in character and value, and fine--a penalty; a penalty on those who went through. both alike require the aid and protection of the nation. Owners of boats bad shown him how enormous the
Those rivers are also the great channel through which amount was. There were boats that had, in two or the produce of a very large region finds its way to the three years, paid as much toll as the original amount of ocean, and thence to foreign countries. If there be an the cost of the boats themselves. And loose boards, obstruction to its navigation, that obstruction, whether that were used to keep the loading in, were actually it be a bar at the mouth of the Mississippi, which all ad-charged as tonnage in weighing the boats, He wished mit we should remove, or a fall fifteen hundred miles to obviate the imposition, as far as the United States from its mouth, it acts alike upon the foreign commerce was concerned. of that portion of the country which lies above it, and Mr. B. concluded by suggesting the following as an should, on the very same principle, be removed.
amendment: The chairman of the Committee on Roads and Canals has | “And from and after the passing of this act, no toll very fully explained the nature of this obstruction to our shall be collected on any stock owned by the United navigation, and the very large amount which the people | States in the said canal." of the western country are taxed to avoid it. I need not Mr. EWING, of Ohio, considered the yote upon the - dwell on that part of the subject. But I will take this amendment as absolutely decisive of the fate of the bill, occasion to say that, heavy as the tolls are, I attach no and he had no wish to press it further; for, without the blame whatever to the enterprising individuals who con. amendment, the whole measure will be idle and illusory. structed the canal, and who ought to be well indemnified The owners of that stock will not sell it to the United
ouble and cost. But the United States ought | States at par; they ought not, and it would be an act of to relieve the western country of this burden, and it crying injustice, if it be in our power, to coerce them ought to be done on terms that will compensate that to do so. And I confess (said Mr. E.) I witnessed the company fully for their enterprise, their expense, and 1 vote on the measure with surprise and disappointment. their risk. The 124 per cent. advance on the stock There are gentlemen in this body who are of opinion proposed to be given by the amendment is certainly lit. ! that Congress ought not to appropriate public money tle enough, and, unless that amendment prevail, there is for the improvement of our bays, and harbors, and no prospect of procuring the stock.
rivers, under any circumstances whatever. Those genMessrs. HENDRICKS and CRITTENDEN also ad- / tlemen have purs
tlemen have pursued consistently their course, followed dressed the Senate in favor of the amendment; alter out their principles, and voted against this, with every which, the question on the amendment was taken, and other measure of the kind. But they form a small milost by the following vote:
nority in this body; and when our northern brethren YEAS-Messrs. Benton, Crittenden, Davis, Ewing of ask for an appropriation for the improvement of their Illinois, Ewing of Ohio, Goldsborough, Hendricks, Kent, harbors, the construction of breakwaters, beacons, lightLinn, Morris, Naudain, Nicholas, Porter, Robinson, houses, fortifications, any thing to facilitate or to proWebster-15.
tect their commerce, we of the West unite almost to a NAYS--Messrs. Black, Brown, Calhoun, Grundy, | man in their support, and always secure them a majori. Hill, Hubbard, King of Alabama, King of Georgia, ty; but now, sir, when this great western measure-a Leigh, McKean, Mangum, Moore, Niles, Rives, Rug- measure in which the commerce of the whole West is gles, Shepley, Swift, Tallmadge, Tomlinson, Walker, deeply concerned--a measure entitled to more of the White, Wright-22.
| favor of the nation, considering the extent of interest Mr. CRITTENDEN then moved to amend the bill involved, than any which has been agitated for years, by striking out the proviso in the first section, which is we find a large portion of the friends of these improvein the following words:
ments in the East, those with whom we have always « Provided, That so much of said stock can be pro gone steadily, faithfully, thoroughly, when similar meascured at par value, within the present year, as will give ures affecting their interests have been involved--we the United States the control of the company."
find them, sir, ranged on the side of our opponents; and And also the second and third sections of the bill, this, our favorite measure, defeated by their votes. which read as follows:
This, sir, I again repeat, is painful, unexpected; it will “Sec. 2. And be it further enacted, That, if it be found be deeply felt, and not soon forgotten. impracticable to purchase the stock agreeably to the Mr. WEBSTER next addressed the Senate, as folforegoing section of this act, then the Secretary of the lows: Treasury is hereby authorized to sell the United States Mr. President: I regret the warmth with which my stock to said company at market price, not below par friend from Ohio, (Mr. Ewing,] and my friend from value.
Louisiana, (Mr. PORTER,) have spoken on this occasion. "Sec. 3. And be it further enacted, That the Secre But, while I regret it, I can hardly say I blame it. They tary of the Treasury shall vote for the president and di- have expressed disappointment, and, I think, they may rectors of said company, according to such number of well feel disappointment. I confess, sir, I feel disapshares as shall belong to the United States at the time of pointment also. Looking to the magnitude of this obgiving such vote; and to receive upon said stock the ject-looking to its highly interesting character to the proportion of the tolls which shall from time to time be West-looking to the great concern which our westdue to the United States."
ern friends bave manifested for its success--I feel, myAnd to insert at the end of the first a proyiso that the self, not only disappointment, but, in some degree,
MAY 25, 1836.]
Louisville and Portland Canal.
mortification, at the result of the vote which has now novel character, its sudden development, its amazing been taken. That vote, if it stands, must be decisive of progress, confounding all calculation, and almost overthe success of the measure.
whelming the imagination. Our rivers are not the rivers No doubt, sir, it is altogether vain to pass this bill, of the European world. We have not to deal with the unless it contain such provisions as will induce the stock Trent, the Thames, and the Severn. With us, at least holders in the corporation to part with their interests. in this part of our country, navigation from the sea does • In the first place, sir, why do we hear so much re- | not stop where the tide stops. Our ports an proach and denunciation against the members of this are not at the mouths of rivers only, or at the nea corporation? Ilave they not hazarded their property the tides of the sea. Hundreds of miles-nay, thousands in an undertaking of great importance and utility to the of miles-beyond the point where the tides of the ocean country? Has not Congress itself encouraged their en are felt, deep waters spread out, and capacious harbors terprise, by taking a part of the stock on account of the open themselves, to the reception of a vast and increasGovernment? Are we not ourselves shareholders in / ing navigation. this company! Their tolls, it is said, are large. That is To be sure, sir, this is a work of internal improvement; true; but then, not only did they run all the risks usu- | but it is not, on that account, either the less constitually attending such enterprises, but, even with their tional, or the less important. Sir, Ihave taken a part in large tolls, all their receipts, up to this hour, by no this great struggle for internal improvement from the means gives an increase on their capital equal to the or- / beginning, and I shall hold out to the end. Whoever dinary interest of money in that part of the country. | may follow, or whoever may fly, I shall go straight for
There appears to me very great injustice in speaking ward for all those constitutional powers, and for all that of their tolls as “fines" and "penalties," and unjust liberal policy, which I have heretofore supported. impositions; or of their charter as an odious monopoly. I remember, sir-and, indeed, a very short memory Who called it so, or who so thought of it, when it was might retain the recollection-when the first appropriagranted to them? Who, but they, were willing to un- tions for harbors on the great lakes were carried througu dertake the work, to advance the money, and to run the this body, not without the utmost difficulty, and against risks and chances of failure? Who then blamed, re- the most determined opposition. I remember when proached, or denounced the enterprising individuals Lake Ontario, Lake Erie, and Lake Michigan were who hazarded their money in a project to make a canal likely to be condemned to a continuance in the state in round the falls of the Ohio? Who then spoke of their which nature and the Indian tribes had left them, with tolls as impositions, fines, and penalties? Nobody, sir. | no proof upon their shores of the policy of a civilized Then, all was encouragement and cheering onward. state, no harbors for the shelter of a hundred vessels, no The cry was then, Go on, run the hazard, try the ex | light-house even to point out to the inland mariner the periment; let our vessels and boats have a passage round dangers of his course. I remember even when the barbor this obstruction; make an effort to overcome this great of Buffalo was looked upon as a thing either unimportant obstacle. If you fail, the loss, indeed, will be yours; in itself, or, if not unimportant, yet shut out from the but if you succeed, all the world will agree that you care and the aid of Congress by a constitutional interought to be fairly and fully remunerated for the risk and diction of works of internal improvement. But, in this expenditure of capital.
case, as in others, the doctrine of internal improvement Sir, we are bound in all justice and fairness to respect has established itself by its own necessity, its own obvithe legal rights of these corporators. For one, I not / ous and confessed utility, and the benefits whic! only respect their legal rights, but I honor their enter-already so widely conferred. So it will be, I have no prise, I commend their perseverance, and I think they i doubt, in the case before us. We shall wonder, heredeserve well of the community.
after, who could doubt of the propriety of setting free But, nevertheless, sir, I am for making this navigation ! the navigation of the Ohio, and shall wonder that it was free. If there were no canal, I should be for making one, delayed even so long or for other modes of removing the obstructions in the Mr. President, on the question of constitutional river. As there is a canal, now the subject of private power, I entertain not a particle of doubt. How is it, ownership and private property, I am for buying it out, let me ask, that we appropriate money for harbors, and opening it, toll free, to all who navigate the river. 1 piers, and breakwaters on the seacoast? Where do we In my opinion, this work is of importance enough to de find power for this? Certainly nowhere, where we can. mand the attention of Goyercment. To be sure, it is not find equal power to pass this bill. The same clause but a canal, and a canal round the falls of a river; but covers such appropriations, inland as well as on the seathat river is the Ohio. It is one of those vast streams coast; or else it covers neither. We have foreign comwhich form a part of the great water communication of merce, and we have internal commerce; and the power and the West. It is one of those running seas which bear the duty, also, of regulating, protecting, aiding, and fosteron their bosom the riches of western commerce. It is a ing both, is given in the same words. For one, there. river; but, to the uses of man, to the purposes of trade, fore, sir, I look to the magnitude of the object, and not to the great objects of communication, it is one of those to its locality. I ask not whether it be east or west of rivers which has the character of an ocean. Indeed, the mountains. There are no Alleganies in my politics. when one looks at the map, and glauces his eye on all I care not whether it be an improvement on the shore these rivers, he sees at once water enough to constitute of the sea, or on the shore of one of these mighty rivers, or to fill an ocean, pouring from different, distant, and so much like a sea, which flow through our vast interior. numerous sources, and flowing many thousand miles, in It is enough for me to know that the object is a good various channels, with breadth and depth of water in one, an important one, within the scope of our powers, each sufficient for all the purposes of rapid communica- / and called for by the fair claims of our commerce. So that tion and extensive trade. And if, in any portion of it be in the Union, so that it be within the twenty-four these inland seas, we find obstructions which the hand States, or the twenty-six States, it cannot be too remote of man can remove, who can say that such removal is not for me. This feeling, sir, so natural, as I think, to true an object worthy of all the attention of Government? patriotism, is the dictate also of enlightened self-interest.
Whoever, Mr. President, would do his duty, and his Were I to look only to the benefits of my own immewhole duty, in the councils of this Government, must diate constituents, I should still support this measure. Is look upon the country as it is, in its whole length and not our commerce floating on these western rivers? Are breadth. He must comprehend it in its vast extent, its not our manufactures ascending them all, by day and by
[MAX 25, 1836.
night, by the power of steam, incessantly impelling a Nars--Messrs. Black, Calhoun, Crittenden, Davis, thousand engines, and forcing upwards, against their Ewing of Ohio, Goldsborough, Hendricks, Kent, King currents, hundreds of thousands of tons of freight? If of Georgia, Leigh, McKean, Mangum, Moore, Naudain, these cargoes be lost, if they be injured, if their pro- Porter, Prentiss, Robbins, Swift, Tomlinson, Webster, gress be delayed, if the expense of their transportation White.--21. be increased, who does not see that all interested in On motion of Mr. BENTON, them become sufferers? Who does not see that every The bill was further amended by increasing the approducer, every manufacturer, every trader, every la propriations for fortifications at Federal Point, North borer, has an interest in these improvements? Surely, | Carolina, from $12,000 to $18,000; and for fortifications sir, this is one of the cases in which the interest of the at Fort St. Philip, from $77,000 to $100,000. whole is the interest of each. Every man has his divi Mr. BENTON then submitted amendments making dend out of this augmented public advantage. But if it the appropriations for two years, instead of one, for New were not so, if the effect were more local, if the work | Bedford, Massachusetts, New London, Connecticut, Solwere useful to the western States alone, or useful ler's flats, and Fort Barrancas; the questions on which mainly to Kentucky and Indiana alone, still I should were severally put, and rejected. think it a case fairly within our power, and important! The bill was then reported to the Senate, and the enough to demand our attention.
questions on concurring in theamendments made in ComBut, Mr. President, I felt the more pain at the result mittee of the Whole, were taken as follows. of the last vote of the Senate on account of those west. The first question was on concurring in the amendern gentlemen, who are so much interested in this meas- ment making the appropriation for fortifications at Peure, and who have uniformly supported appropriations for nobscot bay, $75,000 annually for two years, instead of other parts of the country, which, though just and pro- | $101,000, as in the bill. per,are, as it seems to me, no more just or proper than this. This amendment was rejected: Yeas 20, nays 21, as
These friends have stood by us. They have uniformly been found at our side, in the contest about inter YEAS--Messrs. Benton, Brown, Buchanan, Cuthbert, nal improvement. They have upheld that policy, and Ewing of Illinois, Grundy, Hill, Hubbard, King of Alahave gone with us tbrough good report and evil report. bama, Linn, Morris, Nicholas, Preston, Rives, RobinAnd I now tell them that I shall stand by them. I shall son, Ruggles, Shepley, Tallmadge, Walker, Wright--20. be found where they look for me. I have asked their NAYS-- Messrs. Black, Calhoun, Crittenden, Davis, votes, once and again, for objects important to the At. Ewing of Ohio, Goldsborough, Hendricks, Kent, King Jantic States. They have liberally given those votes. l of Georgia, Leigh, McKean, Mangum, Moore, Naudain, They have acted like enlightened and wise statesmen. Porter, Prentiss, Robbins, Swift, Tomlinson, WebI have duly estimated the high justice and liberality of ster, White.--21. their conduct. And having now an object interest The question was next taken on making the appropriing to them and to their constituents, a just object, ations for fortifications at Kennebec, $100,000 annually and a great object, they have a right to find me at for two years, instead of $100,000 as in the bill, and also their side, acting with them, acting according to my | rejected by the following vote: own principles, and proving my own consistency. And YEAS-Messrs. Benton, Brown, Buchanan, Cuthbert, so they shall find me; and so they do find me. . On tbis Ewing of Illinois, Grundy, Hill, Hubbard, King of Alaoccasion I am with them; I am one of them. I am as bama, Linn, Morris, Nicholas, Rives, Robinson, Ruggles, western a man, on this bill, as he among them who is Shepley, Tallmadge, Walker, Wright--19. most western. This chair must change its occupant, Nays--Messrs. Black, Calhoun, Crittenden, Davis, another voice will address the Senate from this seat, be- Ewing of Ohio, Goldsborough, Hendricks, Kent, King of fore an object of this nature, so important, so constitu- Georgia, Leigh, McKean, Mangum, Moore, Naudain, tional, so expedient, so highly desirable to a great por- Porter, Prentiss, Preston, Robbins, Swift, Tomlinson, tion of the country, and so useful to the whole, shall fail, Webster, White--22. for the want, here, either of a decisive vote in its sup- Tbe amendments for fortifications at Portland, $75,000 port, or an earnest recommendation of it to the support per annum for two years, instead of $100,000; and for of others.
Portsmouth, $150,000 per aroum for two years, instead After some further remarks from Messrs. WALKER, of $200,000, were also rejected. HENDRICKS, and CRITTENDEN,
The remainder of the amendments made in committee Mr. EWING of Ohio suggested that it would be bet | were then concurred in. ter to lay the bill over until the next day, that gentle. Mr. PRESTON then moved to strike out the appromen might, in the mean time, consider what shape it priations for fortifications at Kennebec. He had made would be best to give it, in order to procure its passage. this motion, he said, when there was not a full Senate, The bill was accordingly postponed.
and it was rejected. He wisted, now that the Senate FORTIFICATION BILL.
was full, to try the principle, whether appropriations
should be made where there were no plans or estimates. The bill making appropriations for the purchase of After some remarks from Messrs. PRESTON and sites, the collection of materials, and the commence-CRITTENDEN, this motion was rejected: Yeas 11, ment of certain fortifications, was taken up; the ques nays 29, as follows: tion being on Mr. Bextor's motion to strike out $75,000
YEAS-Messrs. Calhoun, Crittenden, Ewing of Ohio, for fortifications at Salem, Massachusetts, and insert King of Georgia, Leigh, Mangum, Moore, Naudain, “ for fortifications at Salem, Massachusetts, $75,000 an Preston, Swift, White--11. nually for two years."
NAYS--Messrs. Benton, Black, Brown, Buchanan, Mr. WEBSTER addressed the Senate in opposition Cuthbert, Davis, Ewing of Illinois, Goldsborough, to the system of making appropriations in advance; after Grundy, Hendricks, Hill, Hubbard, Kent, King of Alawhich, the question was taken, and the amendment was bama, Linn, McKean, Morris, Nicholas, Niles, Porter, rejected by the following vote:
Rives, Robbins, Robinson, Ruggles, Shepley, Tall. YEAS-Messrs. Benton, Buchanan, Cuthbert, Ewing of madge, Tomlinson, Walker, Webster--29. Illinois, Grundy, Hill, Hubbard, King of Alabama, Linn, The bill was then ordered to be engrossed for a third Nicholas, Rives, Robinson, Ruggles, Shepley, Tallo | reading. madge, Walker, Wright-17.
MAY 26, 1836.]
Public Deposites--Fortification Bill.
Mr. WEBSTER reminded the Senate that, on the On motion of Mr. CALHOUN, the Senate took up motion of a Senator from New Hampshire (Mr. HUBthe bill to regulate the deposites of the public moneys;
DARD) a few days ago, a resolution was adopted, instructwhen Mr. C. was permitted, by general consent, to
Peneral consent to 1 ing the Committee on Finance to inquire whether it modify the bill by adding new sections, the purport of was necessary for Congress to disaffirm any of the acts which is, that the unexpended balance remaining in the
of the Legislature of Florida, on the subject of the inTreasury, on the 31st of December of each year, except
corporation of banks. The whole of the laws of the - dollars, shall be deposited with the several States
Territorial Legislatures ought to be returned to Conof the Union, each in proportion to its population; that gress every year, and which, perhaps, are sent, but the Secretary of the Treasury shall notify the Executive
never laid before Congress. It appeared to be very imof each State that the sum allotted to his State will be / portant, at a moment when the rage for the incorporapaid on the warrant of the Chief Magistrate of said State, / tion of banks is so alarmingly prevalent, that these Teror deposited in the State Treasury at his option: the ritorial Legislatures should be restrained in their action sum thus deposited with the States to be retained with
on such questions, as the process of disaffirming is someout interest until wanted by the General Government,
times attended with much inconvenience. Something and that month's notice shall be given before it of this kind had taken place in Louisiana, from which is withdrawn; that where a State is not authorized by its
that State might yet be visited with inconvenience. He existing laws to receive the deposite, ihe sum allotted to
concluded with expressing his hope that, before the it shall be transferred to it on the warrant of its Execu
termination of this session, the Committee on the Judicitive, or deposited in its Treasury, as soon as it shall have ary would present to the Senate some provision, ordainpassed a law authorizing such transfer or deposite: this
ing that all legislative incorporations of banking comact to continue in force till the 30th of June, 1842.
panies in the Territories shall receive the sanction of The question then recurred on Mr. WRIGHT's amend- / Congress before they shall be in force, ment, providing for the investment of the surplus in the
FORTIFICATIONS. Treasury in some safe public stocks, &c.; and it being late in the evening,
The bill making appropriations for the purchase of On motion of Mr. WRIGIIT, the bill was laid on the
sites, the collection of materials, and the commencement table, with an understanding to take it up to-morrow.
of certain fortifications, was read the third time.
Mr. KING, of Georgia, said, that having voted for DISTRICT BANKS.
this bill throughout, he wished to say a few words ex. The bill to extend the charters of certain banks in the planatory of the vote he was about to give on its final District of Columbia, and for other purposes, being the
passage. His motives for voting against it were not next special order,
from any hostility to its general objects, or to the fortiMr. BENTON moved to postpone its consideration
fications which were in it; on the contrary, he was dis. for the purpose of taking up the defence bill: Yeas 14,
posed to believe, from the quantity of evidence that had Days 19.
been adduced in the course of this debate, that the forThe bill was then read with the amendments as pro
tifications now in the bill should be ultimately added to posed by the committee. The bill was then reported
the defences of the country. With him, however, the with the amendments.
question was more as to time, than as to the propriety of The amendments were agreed to.
the measure. If the report of the Secretary of War, Mr. KING of Alabama moved that the bill, as amend.
sent in on the 7th of April, was to be relied on, not a ed, be printed, and that the bill be postponed and made
single dollar should be appropriated for new works, the special order for Friday; which was agreed to.
until a re-examination was had of the whole subject, in
order to adapt the system to the present condition of the ADMISSION OF ARKANSAS.
country. Now his opinion (Mr. K. said) was this: that The Senate proceeded to consider a bill in addition to if this appropriation should be made at the present sesan act providing for the admission of Arkansas into the sion of Congress, it would have no effect, but to confine Union.
several millions of dollars from the control of the GovThe bill was amended by filling the blank, on the mo ernment, which cannot be expended in the objects for tion of Mr. BUCHANAN, with the words “first day of
which it was appropriated. If the Secretary should July.”
examine these new works before commencing them, Mr. EWING, of Ohio, without committing himself on
with that care and deliberation with which be should the subject, expressed himself generally in favor of the
I proceed, with regard to the works intended for the bill.
permanent defences of the country, they would not be After a few words from Mr. PORTER and Mr. commenced before the next session of Congress, and, WALKER,
therefore, there was no necessity for hurrying the apThe bill was reported as amended, the amendments | propriations at this time. were concurred in, and the bill was then ordered to be Mr. K. said that he did not wish to be understood as engrossed, and read a third time.
committing himself in favor of the plan originally preThe Senate then adjourned.
sented by the Military Committee. He never could
agree to vote for any plan which changed the whole THURSDAY, May 26.
system so long practised by the Government, and per
haps looked to a change of our institutions. The report FLORIDA BANKS.
of the Secretary of War was, to his mind, a conclusive Mr. WEBSTER offered the following resolution; argument against the present bill, if he had no other which was considered and agreed to:
objections to urge against it. Mr. K. highly compliment. Resolved, that the Secretary of State communicate to ed the report of the Secretary, saying that it showed a the Senate, so soon as they may be obtained, copies of great mind, as well as a practical talent, well calculated all acts of the Territorial Legislature of Florida, grant to give to science a practical effect. Taking into consiing or creating banking charters, or any institutions deration that they then were nearly at the end of the with banking powers and privileges, within the last three session of Congress, and that if they passed the bill it years.
would be departing from the principles of the report, On introducing this resolution,
he conceived himself but in the performance of a duty