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sideration of the arguments of that gentleman, allow me provements, as the present; and are we to be told we to remark that we have been required to act upon this have no use for the money in the public Treasury? subject rather in the dark; that we have had no official I readily agree that it is better that these importing information as to the extent of the relief asked. We merchants, who are engaged actively in enterprising have to rely on the verbal information of the friends of commerce that adds to the wealth of the nation, should this measure, who, I suppose, have it from those who hold this money, which belongs in common to them and are asking relief, and who, it is to be presumed, would the rest of their fellow citizens, without interest, than feel no interest in magnifying the amount upon which that the deposite banks, in whose vaults it is to be they ask indulgence without interest, and who, because placed, should be allowed to fatten and grow rich on of their interest, would be held in all legal tribunals as the interest paid them by the people, for the most gra. incompetent witnesses. Taking, then, the account of cious privilege of using their own money. But I am the friends of the bill as correct, the first section of it not willing to stake the fate of this bill on this issue. It embraces bonds for about $700,000, and the second sec- is not the true issue. I, for one, sir, intend to legis. tion about $3,000,000. Predicating my calculation late upon this and every other subject calculated to afupon this information, I find interest on those bonds, at fect our finances, with just as strict an eye to economy the rate of six per cent. per annum, renewable annually as though I knew this Congress intended to obey the from the time they respectively fall due up to the pe voice of the people in their demand for an equal dis. riod to which it is proposed to extend the credits, tribution of the surplus revenue among the States. I amounts to something upwards of $318,740; an amount am not yet prepared to anticipate a failure of this most greater than is required to pay the two hundred and important measure. forty three members of this House for one hundred and Government is a moral person, possessing, in refersixty days, and sufficiently large, especially when taken ence to its property, all the natural, moral, and legal into consideration in connexion with the importance rights of a private individual; every citizen constitutes of the principle involved, to induce this House to ex. a component part thereof, and his right in every thing amine well into the subject, and weigh well the proba that belongs to the Government, whether it be in the ble effect and consequence of such a precedent upon public lands or bonds upon importers, or in whatever the future legislation of this House.
the right of property can exist, though small in point of We, Mr. Chairman, I am fully apprized, are most del size, yet bears the same proportion to the entire thing icately and peculiarly situated in reference to this as well which one bears to the number of citizens in this Gof. as all other claims that come before us; we occupy the ernment, and is just as perfect and unquestionable as attitudes both of party and judge; and, whilst we should though the right to the entire thing was vested in him; be careful not to let self-interest bias us on the one side, and the same policy which is observed in the fiscal conwe should not be less careful to see that we are not cerns of a wise, prudent, humane, and just private indriven into error on the other hand from too great an dividual, should control and regulate the financial opeapprehension of doing injustice to the applicants. But, rations of every Government, where the interest and sir, let us now proceed to consider, in detail, the argu- happiness of the great mass of the people are the para. ments of the friends of this measure. The honorable mount considerations. Hence, we should adopt the member from Massachusetts, as has been remarked, same process of analysis, the same rules of investigation, having covered all the grounds taken in support of this in arriving at the relative rights of the Government, and bill, I will confine myself particularly to his remarks. such of its citizens as are embraced by the provisions
The first ground taken by him is, that the Govern. of this bill, as though it were a matter between two inment has such an amount of surplus revenue now in its dividuals.
Treasury, that it would have no use for the money if His second ground is, that it is the interest of the the bonds were collected, and that it would be suffered Government, acting as a prudent creditor, to extend the to lie in the deposite banks without interest. Is it true, proposed credit, in order the better to secure the col. Mr. Chairman, that this Government has no use for lection of her debts. The Government holds the bonds money at this time? Is it true that the different States of its citizens for duties; and when they fall due it has in this Union have already done for themselves all that a right to expect payment, without some sufficient can be done, in the way of promoting tbe interest and cause against it. The merchant, in the present inhappiness of their citizens, and that they are now reclining stance, says to his Government, you hold my bond, due at their ease in consequence of having nothing to do on such a day, for such an amount, for duties; from an calculated to advance the public good! I humbly con unexpected misfortune, I am in some degree crippled ceive not. Look abroad in the land, and what do we in my commercial operations, and it will be your interest see? Within the last year or two, the public spirit of to indulge me for four years after my bonds become due, our fellow-citizens seems to have received a new im without interest, in order that your debt may be the pulse in almost every quarter of this vast republic. A better secured. Ought not the Government to act as any new era seems to be bursting on us. The people are other prudent creditor, and say to its debtor, you must aroused to their own best interest. We see the differ. give me some evidence, in addition to your own suggesent States, situated on the different extremes of this tion, that it is my interest thus to act? Would not any vast Union, contemplating and moving in the work of prudent private creditor require other proof than the connecting themselves with each other by inland com statement of bis debtor, before he would thus prolong munication that literally conquers space. We see the for four years the time of the payment of his debt, and Legislatures of the different States providing for works that, too, without interest? Being, then, altogether of internal improvement upon a scale that is truly wor- without proof that it is its interest to extend this credit, thy of a free people. They are not contracting loans | I think the Government on this account alone ought not of thousands and tens of thousands for the accomplish- to do it. ment of this, that, or the other, little local improve I will conclude my remarks upon this branch of the ment, but of tens of millions, for objects embracing subject by asking whether it is supposed, by any friend the improvement of the whole extent of their territory of this bill, that one of those importers would agree to Never, in the history of this Government, was there extend a credit of four years, without interest, for the such a spirit of enterprise abroad. Never was there a price of a quantity of goods purchased of bim in New time when there was such a demand for money on the York by a merchant from Louisville or Cincinnati, and part of the different States, for their respective im. I lost by the purchaser in descending the river, or by fire
INDEX TO THE DEBATES IN THE SENATE.
Abolition of slavery; (see Slavery.)
Colonization Society; a petition from citizens of Ken-
tucky, recommending the society to the favor-
able notice of Congress, 1901.
cities, 466, 964; taken up, 1449; passed, 1453.
Documentary History of; a resolution authorizing
the Secretary of the Senate to collect and pub-
lish such a work, 498; referred.
resolution to authorize the commissioner to rent
out the public grounds, &c., 1154.
election by ballot, 11.
mittee inquire into the expediency of fixing, by
law, the commencement and close of every ses-
sion of Congress, 42; agreed to, 45.
Congress, 1649; passed.
above bill returned, vetoed by the President, as
conflicting with the constitution, 1757.
the subject taken up, 1859, 1878; bill rejected.
gress, 1880; indefinitely postponed, 1908.
Constitution; a resolution to amend it, so as to provide
for a distribution of the surplus revenue, 52.
Constitutional currency; a bill to re-establish the curren-
cy of the constitution, 1745.
on the construction of the road in Indiana and
a bill to continue the road as proposed, 390; ta.
ken up, 615; passed, 811.
Custom-house officers, a report from the Treasury De-
partment concerning, 34.
Dade, Major, petition in favor of, referred, 613.
Defence of the frontiers; a bill reported to accept the
services of volunteers, 1385.
ations for it, 1928; passed.
retary of the Treasury's statement of their af-
fairs, 839; agreed to, 847.
a bill to extend the charters of, 1577; passed,
Duties on imports; a bill to repeal the duty on certain ar-
nating act as relates to the Portuguese islands,
imports; a bill to amend the several acts imposing
duties on imports, 1287.
Electioneering agents; a resolution calling on the Secre-
tary of War for information as to the office
held by B. F. Curry, in the Cherokee nation,
Executive patronage; (see Officers.)
be called up, 722; taken up, 877; again, 1593;
laid on the table, 1598.
tablishment of certain post roads, 613.
railroad; a bill to authorize it to run through the
public lands, 664; passed.
Florida war, a bill making further appropriations for, Lands; to appropriate, for a limited time, the proceeds of
land sales, 48; motion to take it up, 810; con-
sideration resumed, 1172; ordered to be en-
the committee on, moved to be discharged from
certain petitions for rights of pre-emption, &c.,
resolution authorizing the payment of the ex-
penses incurred by the committee of last Con-
gress, in their investigation of certain frauds,
of the public lands, 1697, postponed indefinite-
War to cause a survey to be made for a fortifi-
Library of Count Bourtoulin; a resolution directing the
Library Committee to inquire into the expedi-
ency of purchasing it, 578; agreed to.
Lieber, Professor; his memorial in relation to his statisti-
cal work, 1198.
Light.houses; a bill making appropriations for them,
Louisville and Portland canal, a bill to authorize the
United States to purcbase the private stock of,
McCartney, John; a bill for his relief, 934; passed.
from the President, 1911; resolutions of respect
to his memory, 1914.
Mail contracts; resolution instructing the Post Office
Committee to inquire into the expediency of
authorizing contracts to be made with railroad
Maine boundary; resolutions of the Legislature of Massa-
chusetts, in relation thereto, 958.
Assembly of Indiana on this subject, 56. Manning, the Hon. Richard J., his death announced,
its officers, 1877.
mittee on Pensions was moved to be recon.
sidered, 1780; reconsidered, 1854; and the re-
port of the committee concurred in.
Meade, Richard W., a bill for the settlement of the
claim of his executrix; passed, 1872.
Melville, David; a petition complaining of bis removal
from office, 1177.
Metropolis Bank; a memorial for a recharter thereof,
Power, 1427; passed.
from the President, 5.
tion considered, 8, 36; agreed to, 41.
memorial asking to be admitted into the Union
presented, 282; referred to the committee on
the Michigan matters, 290.
bill for the admission of Michigan into the Union,
establish the northern boundary of Ohio, and
for the admission of Michigan into the Union,
Michigan Senators; resolution for paying them agreed Post Office accounts; a communication from the Postmas.
ter General, 1048.
fice Department, 1769.
certain post routes in Missouri and Arkansas,
ing the proof of, 1696; laid on the table, 1698;
message in relation to French affairs, 163.
our difference with France, 390.
with the result of the mediation of Great Britain,
respecting French spoliations, 662.
in relation to Mexico, 1409.
informing Congress that France had paid the four
instalments, in fulfilment of the treaty, 1426.
response of Samuel Gwin, 1658.
returning the bill appointing a day for the annual
meeting of Congress, with constitutional objec-
relation to Texas, 1871.
1914; his address on the occasion.
fund, to whom had been referred a resolution
on the subject, 590.
Protection of the frontiers; (see Defence.)
Public deposites; a bill to regulate them, 52; taken up,
1383; modified, 1577; passed, 1845.
a supplementary bill, 1913; passed.
mittee, 1101; subject considered, 1199.
set apart for the general defence of the coun-
Rescinding resolution, offered in place of the expunging
resolution, 1427; taken up, 1884; negatived,
Ripley, General; a bill to audit and settle his accounts,
1676; referred to the Committee on Pensions.
Royall, Mrs. Ann; report of the Committee of Claims,
unfavorable to her petition, was laid on the
School lands; a bill to authorize the relinquishment of
the 16th section of public lands, and to substi-
tute other lands, 389; passe.
spondence on French affairs, 168.
the Treasury to inquire of the deposite banks Senate cbamber; a report in relation to alterations in the
Senate chamber, 3.
Sheppard, Moses, a bill for the relief of, 580; rejected.
sider a bill in addition to an act for providing for
this description of persons, 1758; which was
agreed to, and the bill was amended and passed.
Slavery in the District of Columbia; petitions on the sub-
ject, 72; subject discussed, 185, 471, 636, 664,
Arkansas; petitions against admitting the State
into the Union except on certain conditions, Wabash, a bill to improve the navigation of, 563; order-
ed to a third reading, 565.
discharged from its further consideration, from
the disrespectful terms in which it is expressed,
tives; his death announced, 7.
978; passed, 1124; a conference with the House
of Representatives on an amendment, 1177, the
Senate receded from its disagreement to the
bill to create the office of surveyor of public
lands in the Territory, 1913; passed.
Yeas and nays, on a resolution to supply the Senators
with newspapers, 54.
regulations of the Senate chamber, 71, 72.
proceedings of a meeting at Cincinnati, in bill for limiting the terms of office, 104, S67.
edge the independence of the country, 1414, resolution for admitting certain persons into the
bill for relief of Moses Sheppard, 580.
Cumberland road bill, 722, 724, 725, 802, 803.
referring the proceedings of a convention in Ar-
Obio boundary, 785, 799.
land bill, 810, 811, 333.
of Columbia, 964, 977, 1452.
resolution for the safe keeping of the journal, 977.
bill for graduating the price of public lands, 1032.
open a negotiation with France on the subject, bill for payment of revolutionary pensioners, 1094.
granting land to Missouri, 1123,
the Treasury for information on this subject, relief of the representatives of Colonels Bond and
1305, 1308, 1313, 1396.
navy appropriation bill, 1299, 1427.
barbor bill, 1383, 1384.
the bill to reward the recaptors of the frigate
the bill to probibit the circulation of incendiary
publications, 1675, 1737.
extending the charters of the District banks, 1695,
certain pre-emption claims, 1696, 1697, 1698,
northern boundary of Ohio, and for the admis-
sion of Michigan into the Union, 1739.
bill to regulate the deposite of the public moneys,
1766, 1768, 1778, 1780, 1782, 1784, 1785,
1786, 1787, 1845.