Camden commercial courier. (Camden, S.C.) 1837-1838, October 07, 1837, Image 2

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" [tar from growing stronger, lie will only become weaker and worse nourished the 1 more he eats. i Thus, from the very nature of the ani- < {tnal system, from the very manner in i which life is supported-?it is maniiestly i impossible to add to the natural standard | Of he ilth and strength by increasing our i quantity of food?whether that food be | Nvell assimilated or not?and it is equally I clear that when the health is weak, and \ the assimilating powers therefore feeble, < that eating more is not the proper remedy; ? for, certainly, the assimilating powers ? which are not equul to the assimilation of i #>tlO nAtlnit . i r r(ki\<l miiat Kit stall mnea tinA. , .... , 1UU,I, V- I qunl to the assimilation of two. And it t is also plain, that under these circurn- i stances, the propor way to improve the i health, is to diminish the amount of daily food, since those powers which are inadequate to the assimihrion of a pound, may, f nevertheless, be equal to the assimilation , of eight ounces. ?a???a??? CONG R, FISSION Air. J EXTRACT Trorn Mr. Calhoun's Speech delivered in the Senate oj the United States in 1834. Whatever diversity of sentiment there may be as to the means, on one point all must be agieed nothing effectual can be done; no check interposed to restore, to arr$st the progress of the system by the action of the .States: The reasons already i( assigned to prove that banking by one ' State compels all others to bank, and that , the excess of hinking in one, in like manner compels nil others to like excess, equally demonstrate that it is impossible for the States, acting separately; to interpose any means to prevent the catastrophe which certainly awaits tho system and perhaps ihe Government itself, unless the great and growing danger to which I refer -be timSly and effectually arrested. There is no power any where but in this Government? the joint agent jf all the States, unci through which the concert of the action of the whole can be effected, adequate to this great tasl^ The responsibility is upon us, and upon us alone.? The means can be, must be applied by our hands, or not at all?a consideration, in so great an emergency, in the presence of such imminent danger, calculated, I would stippos, to dispose all to co ope- , ration, ami to allay ercry party feeling ( in the heart even of the least patriotic. ( What means do we possess, und how can they Lc applied? r If the entire banking system was tinder f the immediate control of the General Government, there would be no difficulty in j devising a safe and effectual remedy to re-1 ( store the equiUbrum, so desirable between the specie and the-paper which compose our currency. But the fact is otherwise. With the exception of the Bank of the United States, all other banks owe their origin to the authority of the several Slates, and are under their immediate control which presents the great difficulty.! experienced in devisiug the proper means'! of effeetincr ih#? tr .?/l>:?t. -1' r,.-1 i.. ...Q ...V ? f IV IIIWU Ull ICC-'i IU j be so desirable: , Among the means which have been sue-j j gested, a Senator from Virgina, not now j, a member of this body, (Mr. Rives,) pro- f posed to apply the taxing power co snp- ( press the circulation. The reinedv would ( be simple and effective, but is liable to ( great objection. 'The taxing power is odious under any circumstances; it would be doubly so when called into exercise ' with an overflowing treasury; and still more so, with the necessity of organizing!, an expensive body of officers to collect a| ( single lax, and that on an inconsiderable i subject. But there is another, and of itself, a decisive objection. It would be j unconstitutional?palpably and dangerous-! ly so. All political powers, as 1 stated! on another occasion, are trust powers,!, and limited in their exercise to the subject and object of the grant. The taxing power was granted to raise revenue for the sole purpose of supplying the necessary means of carrying 011 the operations of i the Government. To pervprt this power t from the object thus intended by the Con- t slilution, to that of repressing the circula- * lion of bank notes, would be to convert it ' from a revenue into a penal power?a 1 power in its nature and object essentially' ] different from that intended to be granted ( in the Constitution; and a power, which i* ill its full extension, if once admitted,! i would be sufficient of itself to give an en- ] lire control to this Government over the j j property and the pursuits of the commit-, | nity, and thus concentrate and consolidate j the entire power of the system in this Go-j I vernment. ' i Rejecting, then the taxing power, there * remain two obvious and direct means in i possession of the Government which may i be brought into action to effect the object < intended, but neither of which, either se- ' paralely or jointly, are of sufficient eflicacy, however indispensable they may be i as part of an efficient system of measures, to correct the present or repress the grow ing disorders of the currency?I mean thai I provision in the Constitution which empowers Congress to coin money, regulate the value thereof and of foreign coin ami the power of prohibiting any thing but the legal currency to be received either in whole or in j>art, in the dues of the Covcrnment. The mere power of coining i and regulating the value of cuius of itsi If, and unsuslained by any other measure. I can exercise but a limited control over the | actual ourrcncy of the country, and is in- < adequate to check excess cr correct dis- i ordcf, as is demonstrated by the present i diseased stato of the currency. < Congress has had, from the beginning, j laws upon (he statute books to regulate the r?lre of the coins; and at an early period i of the Government ihe mint was erected, J >nd has bcej> in actire operation >rer since;1 md yet. of the immense amount which has been coined, a small residue only re* j mains in the country; the great body having been expelled under the operation of -the banking system. To give efficiency to ihis power then, some other must be combined with it The most immediate ind obvious is tbat which had been suggested, of excluding all but specie in the 'cccipts of the Government. This mea-j mre would be effectual to a certain extent; but with a declining income, which must take place under the operation of the net of the last sassion, to adjust the tariff and which must greatly reduce the revenue, (a point of ihe utmost importance to the reformation and regenerition of our institutions,) the efficacy of the measure must he correspondingly dirni I . .1 n ... . . e * uisncu. r mm mc nature oi tilings, it cannot greatly exceed the average of the Government depositee, which I hope will before many years be reduced to ihe smallest possible amount so as to prevent the possibility of ihe recurrence of the shameful and dangerous state of things which now exists and which has been caused by the vast amount of the surplus revenue. I But there is in my opinion a strong, if not an insuperable objection against reporting to this measure, resulting from the (act, that an exclusive receipt of specie in tin' Treasury, would to give it efficacy, and i to prevent extensive speculation and fraud j require an entire disconnection on the part of the Government with the hanking system in all its forms, and a resort to the strong box as the means of preventing and guarding its funds?n means, if practicable at all in the present state of things, liable to the objection of being far less safe, economical, and efficient than the presen . What lhen, Mr. C. inquired, what other means do we possess of sufficient efficacy, in combination with those to which I have referred, to arrest the farther progress ami erred the disordered state of tne currency? This is the deeply important ques VltMl, llllll IKTC Blllllt* <IIVU<I<JII UI OpillKMI must he expected, however united we may he, as I trust we are thus for, on all other points I intend to meet this question explicitly and directly, without reset vation <ir concealment. Aftpr n full survey of the subject, I see tone, I can conjecture no means of cxtri:atino the country from its present danger ind to arrest its farther increase, but a >ank?the agency of which, in some f??rn. or under some authority is indispensable. The country had been brought into the present diseased stute of the currency by hanks, and must be extricated by their agency. We must, in a word, use a hank i to unhank tlic banks, to the extent that may be necc/.sary to restore a safe and I stable currency; just as we apply snow to a frozen limb in order to restore vitality and circulation, or h.<ld up a burn to the [lame to extrnct the inflamation. All tnust sec that if is impossible to suppress the >a??king system at once. It must eoninue for a time. Its great* st enemies mil the advocate* of an exclusive sner.ie circulation, must make it a part of their system to tolerate the hanks for a longer i?r shorter perio'l. To suppress them at once, would, if it were possible, work a greater change in the relative condition of the various classes of the community than would the conquest of the country by a savage enemy. What, then must be done? I answer, a new and safe system must gradually grow up under and replace the old ? imitating, in this respect* the beautiful process which we sometimes see of a wounded or diseased part in a living organic body, gradually superceded by tire healing process of nature. WASHINGTON CORRESPONDENCE. Washington, Sept. 24. Anotl.cr council has been held to-day lpon the subject of bargain and sale of he Indian Lands. A number of energcic speeches were made by the Warriors ind Braves, upon the question at issue. The government have offered them One Million of Dollars for all their Lands lying East of the Mississippi?they ask 81,000,)00 Mr. Poinsett remarked that their 'Great Father" w is no iraitor?he would never hag th about u price?what he said, ?e would abide by?they were already offered more than their brothers, the Chippewa*, received for their lands. Jiig Thunder arose in reply. Mo said it must lie borne in mind, that the land of the Ehipp-cwas was full of bogs and swamps, ivhile theirs was high and dry, irrigated Innavigable rivers by which they would he .1.1,, . - .u_:_ 1 -? - n#i?r n* uimvcy tutor produce wimoui extra ttouble to the big place (New Orleans.) That they wore not at all anxious to sell their lands?the deer and the huflaloc abounded in them siill?there were the recollections of their childhood, and there the graves of their fathers. That they lid not rnnifi here of theii own accord ? ihpy were sent for?and they wanted what iheir lands were worth. And what, said he, is 800,000 among fifteen millions of people? lie thought this looked a good deal like M haggling about a price." There have been "warm doings" to-day in holh Houses. Mr. Wise 'or otherWise," as he is not inaptly termed, hns l?een storming most furiously foi the week ;>ast against '* the whole universal world," ipon the subject of his resolution respecting the Florida war. lie has must conrngeousiy Attacked the absent, who of course, have no means of defending them stives from his unseemly vituperutlons. For this reckless, unmanly, and ungenerous course, he has been taken severely to task by. several gentlemen from different States, when yesterday Mr. Gholson. of Mississippi, took him in hand in good | earnest. Mr. other-Wise struggled like a serpent held in a giant's grasp?writhed and twisted in all manner of forms, and to-day commenced aguin. Again he was throttled - by *he "lion of the West," and again he was pinned to the wall with the charge of disgrace stamped upon him.' Will he resent this?will Wise challenge? Gliolsdn^?will there be a duel?are questions at every corner. I answer, No! to each and all. Mr. Wise is not the man to resent an affront from one ibho dares to Jight. (lis courage oozes out like'that of Bob Acres, at his fingers ends, whenever he is met by Bynum, Gholson and a few others. He is only courageous in scenes; wheie there is no danger of any thing harder than words. A man who adjourns a duel for a twelvemonth is not greatly to be feared. In the Senate Mr. Kin? of Ga.. made one of the most fierce denunciations against the executive, to which I have ever listened. He was most successfully replied to by Judge Niles, from Con., whose sallies of wit and sarcasm kept '* we the people" in a broad grin for three quarters of an hour. Mr. Calhoun then >aross to reply to some observations which had faiien from Mr. Ki g. relating purti-l ctilurly to himself. When he had conclu ded his remarks. Mr. Rives of Va., obtained the floor, and instead of speaking to the question under debate, ho took occasion t<? make one of the most wanton personal attacks upon Mr. Culhoun I have ever heard He called him a new convert ? that the zeal he was manifesting was that of a new proselyte?that the Senator from Missouri, (Col. Benton) the former leader and champion of the administration parly upon thai-floor, was now content to make suggestions, and throw out hints to the gentleman from S. C., who it seemed was now to be the file-leader of the administration. The reply of Mr. Calhoun to all this tissue of disappointed spleen, was like the man; noble, lofty, and commanding in energy, and of convincing and witheri ?g power. lie said he had never witnessed such a display of passion upon that floor?that in his remarks yesterday upon the bill of the Senator from Va., he had given him credit for sincerity at least? hut if he could retract, any thing he hud said, the present conduct of the gentleman would tempt hirn to do so. Does the gentleman call me a new convert, when I have advocated these sentiments for years? ' Does he believe me to have recently received light upon a subject which has engrossed my uttention for years? Does he think that I could not foresee the evils of tin- hanking system; when with the great i personal popularity of the late President, with both Houses of Congress, and the [majority "f the American people to back him, he jjvas hardly able to overcome the U. S. Bank. Could I he ignorant of the dangerous cfloci* resulting from the system?when I looked back fifty years and saw only three or four banks, and now < there are between ei}?ht and i.ine hundred, and if we go on at tins rale we shall reckon them by thousands? llo concluded by saying thai the remarks which hswl fr.1l?n ^ ? i t 111 1 Mr. Rives, were neither worthy of the! man nor the State he had the honor to represent. On motion of Mr. Clay, the Senate adjourned. IN SEE ATE?Tuesday. Sept. 26. The joint resolution fixing on Monday the 9th day of Qetoher as the day of adjournment was agreed to. The resolution fixing on ten o'elock, A M. as the hour for the daily meeting of the Senate was agreed to. UNITED STATES B\NK. The report of the Committee on Finance on the subject of a National Bank, adverse to the prayer of the various petitioners in favor of that institution. Mr. Clay suggested the propriety of laying the resolution on the table. lie stated that such was the course pursued by the House wlnn Mr. Randolph, hearing that Mr. Madison was about to send in a declaration of war against Great Britain, offered a negative resolution in ad1 vance, declaring it inexpedient to ( eclare | war. He wished that course to he now taken. He agreed that situated as we are it would be inexpedient to establish a Bank at this time. If this subject was pressed, he would move an amendment to strike out the resolution, after the word "resolved," and insert "that it is expedient to establish a U. S. Bank whenever a majority of the people shall dtsire such an ini stitution." | Mr. Webster moved to postpone the further consideration of the subject un! til Monday next. ! Mr. Preston wished a longer postponement, until it should be seen what mea| sores Congress will adopt. We might \ rashly preclude members from taking the only remedy which may be offered. His , own opinion would depend on circumstances vet to nrifiP- ftneh ? ^ , U OKIIO t?l thing? might occur a? would induce him i to take a (J. S. Bank as the least of evils, and he would not suffer his private feelings am! prejudices to interfere with 'the public interest, lie suggested the ! propriety of a longer postponement, until i we see what measures are adopted. A ivery large portion of his constituents, land of the country, thought a National Bank the only remedy, and he would not consent to cut off their hopes. Mr. Morris called for the Yeas and Nays, which were ordered: The question was then taken and dftided in the negative. Yaes.?Bayard, Black, Clay, of Ky., 1 Clayton, Davis, Kent, Knight, M'Kean, I Prentiss, Pieston, Bobbins, Smith of In. < Swift, Tipton, Webster.?15. Nays.?Allen, Benton, Brown, Buchan- 1 an, Calhoun,'Clay of Ala., Fulton, Grun- 1 dy, Hubhard, King of Geo., Lynn, Lyon, < Morris, Nicholas, Niles, Norvell, Pierce, i Rives. Roane, Robinson, Ruggles, Smith < of Conn., Strange, Tallmadge, Walker, j Wall, While, Williams, Wright, Young? i 30. Mr. Benton moved to lay the amend*; ment on the table, but being advised that < this would lay the whole subject on the , table he withdrew the motion. Mr. Tallmadge moved to amend the , amendment of Mr. Clav. hv strilcihir out all after the word "that," and inserting I "in the opinion of ihe Senate, a clear ma- | joritv of the people of ihe United States are opposed to the establishment of a National Bank, and that it is inexpedient-Co grant the prayer of the petitioners." Mr. Benton asked for the yeas and nays, which were ordered. The question was then tnken on the amendment of Mr. Tallmadge, and deci-' ded in the affirmative?yeas 29, nays 15 j Mr. Clay of Ky#, moved to amend the amendment, by adding to it as follows:? "but whenever a cle?*r majority of the people of the United States shall be in favor of a Bank of the United States, a Bank of the United Slates ought to be established." Mr. Clay asked for the yeas and nays on this amendment, and they were ordor cel. Some discussion took place on this proposition to amend, in which Mr. Calhoun, Mr. Preston, Mr. NVrighl, Mr. Clay of K.Vm Mr. Smith of Conn., Mr Koanr, Mr Allen ol Ohio, made some observations Mr. Tallmudge moved to lay the whole on the table, and the yeas and nays being ordered the question was then taken and decided in the negative, as follows:? Yeas.?Bayard, Clay of Kv-, Clayton, Crittenden, Davis, Fulton, Kent, King of Geo., Knight, MNK' an, Nicholas, Prentiss, Preston, Robhins. Ruggles South of Ind , Spence, Swift, Talltnadge, Webster?20 IVays. ? Allen, Benton, Black, Brown, Buchanan. Calhoun, Clnv of A a , Grundy Hubbard. King of Ala., Lynn, Lyon, Morris, Niles, Norvell, Pierce, Rive?, R.>ane, Robinson, Smith of Conn., Strange. Walker, Wall, While, Williams, Wright, Young?27. The question being on the amendment of Mr. Clay, to the amendment of Mr. Tallmailge, Mr. Rives and Mr. Benton assigned reasons for voting against the amendment. Mr. Walker snid a.* he had been threa tened with instructions, lie would take the opportunity to say that he would retire Irom the Senate, rather than vote for a U. n n. uaiiu. The question was then taken, and decided in the negative?yeas 1G, nays 29. The question was then taken on thereport of the Committee on Finance, and ' derided in the affirmative, as follows: Yras.? Alien, Benton, Brown. Buehan an, ( alhoun, Clay of Ala., Fulton, Grim- 1 dy. Hubbard, King of Ala., King of Ga., Lynn, Lyon, M'Kean, Morris, Nicholas, Niles, Norvell, Pierce, Rives, Roane, Robinson, Smith of Conn., Strang.*, Tallmadge, Walker, Wall, White, Williams, Wright, Young?31. . Nays.?Bayard, Black, Clay of Ky., ' Clayton, Crittenden. Davis. K??r.t tiss, Robbins, Smith of Intl., Spcnce, I Swift, Tipton, Webster?15. I The hill to remit the duties on certain i nieiehandize, destroyed by fire, and the hill making additional appropriation for carrying on the war in Florida, were read third time and passed. Sub-TrcasUry Scheme. The hill imposing additional duties, as depositaries of public money, in certain . officers, was taken up. Mr. Morris sent to the Chair a substitute for the amendment offered by Mr., Calhoun, embracing the same principle, but altering the phraseology. Mr. Calhoun modified his amen 'mcnt in the language The proposition of Mr. . Morris was then ordered to h? printed. On motion of Mr. Lynn the Senate proceeded to the consideration of Executive business, and after some time, The Senate adjonned. The question was put a second time, on the amendment offered bv Mr. Talimadge, .i.~ ? is * * - 111 in*- |>irifiii 11 jr report, ami it was rejected?Yens 40, Nays 3. This was obviously a blunder; the contradiction of which would have had a strange appearance in the report. WASHINGTON, Sept. 27. Whole bundles of petititions were presented in relation to Texas?these petitions are almost exclusively from Women. A resolution introduced by Mr. Preston was adopted, inquiring if the purchase of Mr. M ndison's M unuscripts had been ef-1 fcclcd nnd if so reporting a plan for their publication. The Senate then took up the Bill im- < posing certain duties on public oflicers us depositaries in certain cases. i Mr. Walker addressed the Senate at great length. He denounced the charter of a National Bank as dangerous to the liberty of our institutions and particularly injurious to the interests of the Southwest, where it would have the means by its expansions and contractions to injure the prospects of the planter. He moin-^ taincd that the sub-Tveadury System would so far from contributing to Executive patronage, have material]) lessened it, and drew his deductions* from letters which ho read from officers of Banks soliciting the fiscal patronage of the Government. Mr. W. defended the President's Message Irom the censure which had been passed on it by different Senators, he shewed clear as light that distinguished Statesman had based his conclusions on correet data, and proved that all expansions and crreat credits in England were co-temporaneous. He defended Mr. Dallas from the reproach cast upon him for changing his views in relation to the National Bank and carried the war into Mr. Clay's own camp, and shewed from his own speeches delivered in Auld Lang Sync, that Mr. C, had undergone strange changes of opinion. Mr. Crittenden addressed the Senate also in fuvor of a P ink, and warning the Administration not to separate themselves from the people by passing the Bill before them, lest they alienated thcin from the Government. The Senate has adjourned. Mr. Web ster has the floor for to-morrow. Tho question is on Mr. Calhoun's amendment. Mr. Webster asked him to-day if he had any further amendment to offer, with a view to carry out the policy oi the Bill, Mi. C. replied that he had not. The House last night, at seven o'clock, got the anti-deposite bill out of Committee. This was effected by a compromise between the friends and the opponents of the measure?Mr. Cambrelcng pledging himself that the previous question should not be pressed till late to-day, and the other side agreeing that the bill should be acted on finally before the close of this day's Kilting. The amendments of Messrs Adams and Pickens were rejected in Committee, by a decisive vote, and the bill will pass, as it was reported, without amendment. In ihe House, to-day, Mr. Riddle mado an ineffectual uttempt'to introduce a resolution, looking to the limitation of the Discretion of t!ie Secretary of the Treasury, in regard to bis discrimination between different public creditors, in the mode of paying their demands. The House refused to admit the resolution, by suspending ilie rule. The resolution looks to the payment of members of Congress in specie, under the Secretary's order. Tim resolution declaring that it is inexpedient to establish a National Bank, wais taken up, but as Mr. Sergcnnt was disable.! by indisposition from continuing his remarks in opposition to the resolution, it was postponed till Friday next. The Report ?>n the subject of the Mississippi election was next taken up. It concludes with a resolution declaring that M essrs. Claiborne and Gkolson were duly elected members of the 25th Congress, and, as suel>, were entitled to seats in this II ouse. Mr. Maury opposed the report, and. (Ill lll(. Iinrt r.f llm .r,Irw?ri#wr nf <1... i ? </ ? > " tj " HI6 Committee, offered a resolution declaring the election of those gentlemen to have been illegal, and that they arc not entitled to take their seats in this Ilousc. No result was arrived at. The Florida War resolution is completely overlaid, and the Ilousc is not sorry to get rid of it, inasmuch r.o it was nothing hut a stalking horse (or Mr. Wise ? who contrived to keep the house in an uproar while it was before them, with vociferous attacks upon the administration, and some members, political opponents of the lust Congress, who arc not.now lere. The affair between him and Cholson has blown over. The hill for the postponement of the Deposites was taken up?the question being on its engrossment, Mr. Wise is on the floor opposing the bill. Indian Talk. ? On Thursday our neiglwlxirs of Washington were presented U'itiv ?n nnn/ii.lim!i.. .. C ? r,.w. ..o.tty m enjoying the novel spectacle of an Indian Council or Talk, held by the lion Mr. Poinsett, Secretary of War, with the delegation of Sioux Indians, recen ly arrived there from the West. A correspondent of the Alexandria (lazetie, furnishes the following notice of the proceeding : Dr. Lauri-V Church, in which the talk took place, was crowded with the beauty and fashion of our city, and amongst the distinguished personages present were the Secretaries of State and War, Maj. Gen. IVtcComh, and the principal ofliccrs of the Government residing in the District. The talk was opened, by passing round, agreeably to lm ir.n usage, the long pipe or Calumet of peace, of which each, commencing with the Hon. Secretary of War, took three wi,ill's. After the ceremony, Mr. Poinsett arose, and delivered a handsome and appropriate speech, of which the following is the substance : "My lied Brethren:?Your great Father has sent for you from your wild ^imsiiig grounds, to bid you welcome, and to give y>u assurance of his friendlyfeelings, towards you and your people, lie desires me to inform you, that in order to protect you most effectually against the encroachments of your white 4 brethren, who, by late treaties, have become your neighbors, it will be nccesrary for you to cross the "big river," and to settle in the lands which your Circat Father has designated for you. Wc have met you here to-day for the purpose of receiving any proposition which your people may have empowered vou to mnkn I J for the sale of lnnils which you are about to leave, and to arrange other matters for your comfort and happiness in your new country. You have passed through a great many of our towns, and had many