y
JOSEPH W. I1A31PTON,
.“The powers granted under the Constitution, being derived from the People of the United States, may be resumed by them, whenever perverted to their injury or oppression.”—yiadison..
-Editor and Publisher*
VOLUME I, i
CHARLOTTE, N. C., FEBRUARY 1, 1842.
NUMBER 47
T E R 31 S ;
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Wooklv Ahuaniic lor Febiuiry, 1842.
DA VS.
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4 51 M.
■] Fridav,
6
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New 3Iooii
10
6 20-M.
.Saturday,
t) 57
5
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First Uuarter,
18
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.Sunday,
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10 41 E.
7 Monday.
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POET II Y .
KltOM THE LEXINJTON (kV.) OBSEBVKK.
The following po?m is from the pen of our friend and
t )\vusmuii, ^Ir. 1*. Duyle, a true son of the “sea-giroled Em
erald Is1l‘.” This glowing description of one ol the most
spieiidid victoriL’s tho annals of uur country alibrd, needs no
i-:'>uiau ndation of ours to insure a perusal:
l?attle of New Orleans.
When war’s tumultuous battle shout
Came booming o’er the se^,
John Ucll proclaim’d the right about,
And marched against the free !
Their ships of war next hove in sight—
They anchored on our shon*.
With stalwart warriors armed to fight
On iields they lost before.
'Twas January, when bold Paekenliam
.Saifl—lintains do your duty ;
March forvvaril, braves, in battles van,
Take Orleans, stores and beauty 1*
T\ie Eighth, the glorious morning beamed
On England’s marshall’d raiiks.
Will re some like Civur de Lion seemed
Amidst the fierce phulanx.
Aloft the blood-n d banner streamed —
The red cross floated high,
And many a gallant soldier manned.
Beneath its fold did lie!
The gallant Keane and Gibbs appear'd.
With pealing drum and fd’e—
Then Bntains formed in rank and cheer'd.
And mingled in the strife.
The words of Packenham the brave,
Were—forward to Orleans;
Let England’s glory or the grave,
iles'jund along the plains!
Their rockets tlaming through the air.
Precursors of the light.
Shone o’er a legion young and fair.
And bounding in their might!
Kut who oj)posed that warlike band ?
We ask the record page—
’Twas freemen of a happy land,
Who stood the Contlici’s rage—
’Twas brave Columbia’s gallant sons,
With spirits free as air.
Who spoke from out their thund’ring
Protcctiou to the v'Ain!
A scion of two warlike climes,t
.'5food gazing on the scene—
America liis humt --at times
He hailed the Shamrock green I
Around him stood a darmg host.
Defending home and iionor,
’Gainst hirelings who made their boast
'i'o bring disgrace upon her !
Hark ! hark! v.hat sound from warlike bands
IVow floats upon the air !
^Tis from the brave Kentuckianf='.
Commanded by Adair !
The valiant Carroll and Adair
Their forces now unite—
While stars and stripes shine round them there
Ilespicndeni in the light!
The Seipio of modern days—
A Jackson was in sight—
Ve Gods! combine—assist my lays
To paint him in the fight!
America’s Napoleon gazed,
Maturing his designs—
He gave the word, the cannon raged
And blazed along the lines.
Now Packenham leads steadily,
la column sixty deep.
While freedom’s hoarse artillery
His wavering sqioadrons sweep.
He nobly fell with Gibbs and Keane^
A trio brave in battle—
Grim death sits smiling o’er the scene,
And war-gods’ armour rattle!
The young, the brave, old England’s hoast,
In slaughtered carnage lay.
Green Erin’s brave, chivalrous sons,
Anil Scotia’s highland clan,
Fell weltering by our howling guns.
While charging in the van.
Brittannia’s Lion cowered and fled—
The Eagle soaretl on high—
The plains were strewed with gory dead,
When Brittons turned to fly!
In wild disorder back they flew,
Those brave, heroic men.
Though wild and fierce their trumpet blew.
They ne’er could charge again.
All hail thou proud, victorious band—
Chivalrous is thy name I—
The tocsin sounds throughout the land.
The welkin rings thy fame!
And may the laurel wreath of fame!;
That crowned the victors brow',
Add glory to Columbia’s name,
And flourish e’er as now !
♦The Eiiijligh watchword is said to have been ‘‘Beauty
and Booty.”
■fGeneral Jackson’s parentage were Irish—he was born
ill America.
+General Jackson was crowned with a wreath of laurel, in
the Cathedral of New Orleans, after the battle, by the presi
ding Priest.
General
Intelligence.
Brave Lambert and his scattered hoat,
From the Cincinnati Enquirer, Jan. 11.
MIAMI EXPORTING COMPANY BANK—CINCIN
NATI BANK—GREAT EXCITEMENT, RIOT, &c.
The IMiami Exporting Company Bank yesterday
refused payment of its paper, and closed its doors
before the usual time of closmg business for the day.
This morning the paper of that and the Cincinnati
Bank was refused in market. The former remain
ed closed, and a run was commenced upon the latter,
wlien a notice was posted upon the door in the fol
lowing words; This hank hassusjjended Jor Iwcn-
iij doijsP An efibrt was simultaneously made to
close the doors of the bank, but the crowd, which
had become by this lime large, prevented it, and rush
ed in, demanding redemption of their paper.
The persons in the bank, fearing for their own
personal safety, and finding it impossible lo with
stand the ru7i, run themselves, leaving the preniiscs
altogether in the possession of the crowd, which
was constantly increasing both in numbers und ex
citement. The furniture, counters, &c., of the con
cern were now laid hold of and tiirown into the
streets, where they wore mostly bvokea up. We
saw one individual with the top of a book-case on
his shoulder and a couple of chairs in his hand mov
ing oft! Being asked if he had got enough to make
him whole, he replied “ yes, he supposed so.” Pa
pers, vouchers, blanks, books, &c. were torn in pie
ces, and trampled under foot, with a degree of cx-
citemcnt and indiscretion which nothing but a sense
of deep wrong could have caused. At tliis moment,
(half-past nine.) an eflbrt is being made to break in
to the vault or safe. The crowd is iarg«, and un
der great excitement. The sheriff, Mr. Avery,
went into the midst, and made an effort to be heard,
but he was picked up and carried into the street.
The Miami Exporting Company Bank standing
only two doors above, is barred and bolted, and some
wag has written over the door, '•'“poor oLd coio^—
Lougee, upon the opposite corner, has shut up, from
apprehension, as many say, of violence—others,
from inability to pay. The Exchange Bank is
open, and paying.
10 O'clock.—The crowd having completely rid
dled rJje Cincinnati Bank, broke in the doors of the
Miami Exporting Company, and took it through a
similar process. The mass of excited people has
been steadily increasing. Main street, from Third
half way up to Fourth, is literally blocked up, and
there are many at the corner of Third. The Mi
ami Exporting Company’s concern, we presume,
had littlu of value left in it by the managers. Its
books and other valuables had most likely been re
moved ; of specie and other bank paper there was
probably no occasion for removal. We saw blank
checks, &c., thrown out, and sent flying through ihe
air; but they were all blank—bubbles merely.
The Exchange Bank is still open, and paying.
We learn that demands have been made of Mr.
Bates at this bank for the redemption of West Union
paper, which have been complied with per force.
The police and constables have made some efforts
to quell the disorder, but whether any persons have
been arrested, we are unable to say. Wo hear no
sympathy expressed in behalf of the sufferers among
the bystanders. The public mind is so completely
outraged by the fraud and plunder of worthless
banks, that even violence and riot is looked upon as
the lesser evil. This is truly a deplorable state of
things.
12 o'clock.—An efTort has been made to disperse
the crowd by reading the riot act, and otherwise in
ducing them to disperse. So great was the clamor
and confusion, however, that the attempt utterly fail
ed, and those engaged in it were compelled to leave
the ground, having been somewhat roughly hand
led. A portion of the Citizens' Guards, military
company, having paraded, were led. with a few fire
men, to the place, and took possession of the build
ings after some resistance. Blows were freely ex
changed with the crowd, and several shots were
fired by the military. It is stated that one man has
been shot. The alarm of fire is now being sounded,
we presume to bring the whole of the fire corps to
gether.
Such are the deplorable consequences of the fraud
and wrong that the whole community have suffered
by means of shinplasters. In the excitement of loss
and suffering, the laws are trampled under foot, pro
perty is destroyed and perhaps life lost. We much
fear that the end is not yet.
We earnestly entreat the good people who may
have been concerned in these disorderly proceed
ings. to desist— to regard the laws—to respect the
authorities—to retire peaceably to their homes, and
set their faces, like good citizens, against further
transgiessions of order, as well by means of the
issuing of shinplasters as the resort to violence in
their suppression. What is gained by such pro-
ceadings? We implore every reasoning individual
to wii this question to himself. The propert^-
books and vouchers of these banks, have, to a great
extent, been destroyed : it may be utterly impossible
in consequence, for them to pay any portion of their
notes; whereas, something might have been rea
lized. Blows, wounds, have been inflicted—
WHAT HAS BEEN GAINED? Admit that
you have been wronged, defrauded, outraged—are
you redressing yourselvesl Are you righting your
injuries by these means? Are you not rather de
stroying the protection of your own property—the
protection of the laws ; ana giving countenance and
support to a spirit that regards neither property,
law nor life ?
W”e have penned the above paragraphs in great
haste. At this time, (one o’clock) it is ascertained
that one man has had his leg broken, and one or
two others slightly wounded • no one killed. It is
stated that the cfowd have possession of the build
ings. I’he Exchange Bank has been taken posses
sion of and completely riddh d after the fashion of
the others. AVe have not learned whether it had
stopped payment or not. The Mechanics’ and
Traders’ Bank still continues payment. It is said
to have but little paper out. Attempts are being
made to get out a strong force of the military, and
disperse the crowd, but such is the feeling among
those who compose the military, that we know not
how it is to be done. Apprehensions are expressed
of further violence to night, which we trust may
prove unfounded. At present, however, the muh»-
tude appear to have complete coijtrol.
Half past The OfTice of Lougee & Co.
has been broken open and gutted. The crowd has
much increased, both in number and oxcitement.
We earnestly hope that here this violence may
be stayed. Whether such will be the case or not
remains to be seen. An exceedingly angry spirit
has hern caused by the ill advised attempt to sup
press the disturbance by military force. The mili
tary, we hear, were compelled to leave the ground,
and made to take refuge in the Mayor’s otlice.
We must here close our account of these unhappy
proceedings, as the paper must go to press. IVay
( Jod we may not have worse consequences to re
cord to-morrow.
Dialogue in a Court of Justice.—The Attorney
in the case attempted to invalidate the testimony of
the witness, by declaring him to be too ignorant to
be a competent one; said he to the Judge, “ I can
convince you of the incompetency of the witness
in a few moments; he has been reared in the coun
try, has never been out of his father’s barn, never
saw a school-house; and your honor permitting, 1
will propound a few questions, and upon his an
swers your honor can decide.'’
The Judge assenting, he turned to the witness
and asked, “ who made you
Witness—•• I don’t know; I reckon it was Mo
ses.”
Attorney—There, yoitr honor, to the satisfac
tion of yourself and jury, I have proved the wit
ness non compos mentis, totally unqualified to de
cide upon the serious nature of his oath.”
Witness—Now, Mr. Lawyer, may I ask you
one question ? I have answered yours.”
Attorney—A thousand sir, a thousand, if you
please.”
Witness—“ Who
Attorney—” Why, I don’t know; I reckon it
was Aaron.”
Witness—(turning to the jury)—“Well now, I
have read in the book that Aaron
I don’t know how the tarnal fool got here.”
The Court was convulsed with laujihter.
The Currency and Exchanges.—We find the
following sens]})je remarks in the Boston Courier.
It is pleasing to know that thero are some men in
the whig ranks who do not let party notions run
away with their common sense;
AV e are sorry to see so much i^’norance in rela
tion to currency and exchanges displayed by mem-
bors of Congress in their speeches. There is no
trouble in ‘"exchanges” betwem cities or States
whoso banks fulfil their nro»;iisf^. Bank bills in
all such places are as good as coin, and the “ ex
changes” are well enough. The merchants of
New-York, Boston and Charleston, find no difficul
ty in their intercourse. But so long as a single
State bank is permitted by the legislature of the
State to issue bills which it cannot pay, and which
it nev'er means to pay, neither fifty Exchequer
plans” nor Ti hundred National banks could place
the currency of that State on a par with that of the
States where the banks pay their bills in specie
when demanded ; nor is it in the power of Congress,
or the President and his Cabinet, to devise any plan
that shall regulate exchanges between the solvent
and the insolvent States. When the Potomac shall
change its course and flow back through the Blue
Ridge, emptying its waters into the Ohio, Congress
may expect to make rags in Mobile and Vicksburg
equal to specie in New York and Boston. Those,
who look for that “auspicious future,” may live
happily and grow rich on anticipation. It would
be cruel to awaken them from so delightful a dream.
Boston Courier.
The Erchcquer.—It will be seen from the Con
gressional Analysis, that the debate on the Exche
quer Board closed with the speech of Mr. Benton^
a portion which will of be found in our columns.
What will become of this Board in the committee,
it is not difficult to conjecture. It will soon be
among the things lost upon earth.
But what new prodigy will bo conceived and
produced by the committee, cannot be prefigured.
It must, however, be something of the bank and
paper money brood, or a half and half monster, be
gotten of the Government in an adulterous connec
tion with this usurping paper money system. The
Constitutional Currency, and the Constitutional
7’reasury, as given to the countrj’-, to deliver it
from the spurious paper money whirh was the last
afHiction of our Revolutionary struggle, which the
Constitution cured, we fear is not immediately to be
obtained.—Globe of Jan. 13.
The Glcntworth Papers.—A correspondent of the
American Traveller writing from New York,
says:—
‘ Them papers!' that have so long agitated the
bosoms of all political parties, and mankind gener-
alh’-, are at last brought to the light of day. Mr.
James B. Glentvvorth, the notorious! the prince of
yi]ie-layers^ has spoken in a pamphlet of seventy-
two pages; and notwithstanding the odium cast up
on his character by recent events, he will succeed
in fastening upon his coadjutors in the great cause
of pipe-laying, a portion of the sins and frauds
which he has thus far been made to share alone.
Glentworth has been made the wilhng tool and
dupe of others, who were well pleased to share the
success and glory of his frauds; but when the hour
of shame and danger arrived, left him single-hand
ed and alone, to bear the peril and disgrace. Such
are political honors—such is the gratitude of the
world.”
Arrest of the Late Principle Officers of the U. S.
Bank—Yesterday morning, Mr. Austin Montgom-
ery appeared before Recorder Vaux, and made oath
against Nicholas Biddle, Jos. Copperthwaite, Sam
uel Jaudon, John Andrews and Tho. Dunlap, charg
ing them with a conspiracy to defraud the stock
holders of the Bank of the U. S. Mr. Vaux had the
process aw^arded. At 3 o’clock in the afternoon,
Nicholas Biddle, Samuel Jaudon, and Thomas
Dunlap, esquires, appeared with their counsel, and
gave bail in 810,000 each, to appear on Thursday
next, at 4 o’clock, before the Recorder, for a farther
hearing. Messrs Andrews and Copperthwaite did
not apDear.-Trt%z7e/i States Gaze
made yon
made a calf, but
Couriship.—“Hullo, gal, how’s your
none here—reckon she’s dead by
Texas
Ma!”
“ riaint got
this time, too.”
“ Well, how’s Pa?”
“ He was hung last May.”
“ Humph. What are you doin?”
“Jest looking about.”
“ Zactly what I’m doin, Sposin we hitch and
proximate?”
“ Zactly, but who’ll pay the Judge?”
“Guess I’ll fodder up one half the provender if
you can go the other heat.”
“Well—but I’ve only got a counterfeit note.”
“Jest zactly my own premises. Como, if we
can’t cheat one Judge, we can another—so, come
on, gal—here, tak'c my arm—we’ll try. any how.”
How to preserve Fruit.—We have been inform
ed by a gentleman who has had practical proof of
its success, of a new mode of preserving fruit fresh
for their table, as grapes, plumbs, &c., a long time
after they had been gathered. It is simply to al
ternate them into layers, with cotton batting, in
clean stone jars, and place them in a chamber se
cure from frost. The discovery was accidental. A
servant maid, in the family of Wm. Morey, of
Union village, Washington county, about to visit
her friends, secured a quantity in this way, to pre
serve them until her return. They were found to
have kept in an excellent condition, long after this
fruit had disappeared in the garden. From this
hint thus alForded, Mr. Morey, Mr. Holmes, and
one or two others, laid down grapes in this manner
last fall, and they enjoyed the luxury of fresh, fine
flavored fruit through the winter, until the early
part of April.—Cultivator.
It has been justly remarked that a man who
gallant to the ladies, never fails in patriotism.-
There can be no doubt that the man who abuses
woman is both a coward and a scoundrel.
is
What will the people of North-Carolina think,
when they learn that Edward Stanly and Lewis
Williams voted with the Taritiites.—Hal. Standard.
The people in this part of the Slate will not be
at all surprised.— JVa/hington Kepuhlican.
Twenty-Seventli Con ^ress
SECOND SES-^IOX.
fComiiiled from the Washington Globe.]
In Sen ate... January, 1‘2.
Numerous petitions were presented to-day on the
subject of the Bankrupt law; some for its repeal,
modification, and postponement, and others remon
strating against any action upon it.
Mr. Calhoun said he had been requested to pre
sent a petition from several citizens of New York,
praying that Congress may not interfere with the
Bankrupt law, passed last session, either by repeal
ing, altering, amending it, or postponing its opera
tion. This petition had been forwarded lo him
with a strong appeal to his sympathies. He could
not be ignorant that there arc thousands of our
most valuable fellow-citizens at the present moment
reduced to a hopeless state of insolvency—citizens
who have just claims upon the sympathies of the
community. He would go further, he would say
not only that he deeply deplored the condition to
which they were reduced; but that he conscien
tiously believed, most of the insolvents w’ere inno
cent sufferers—the victim of unwise and improper
legislation on the part of this Government and that
of the States, in relation to the currency. He held
that, to this cause, was mainly to be attributed the
insolvency and bankruptcy, so general throughout
the countr}'. W’’ith this impression, he Avould go
into a brief statement, explanatory of the cause of
present distress.
What was a bank note but an evidence of a debt
from the bank to the holder; and what did it repre
sent but debt—the debt of those who got accommo
dation from the bank ? The currency of this coun
try, then, was almost exclusively debt representing
debt; and what was the effect of making such pa
per currency the circulating medium? What but
to expel from the country gold and silver^ which
only, under the constitution and laws, can pay debts,
and substitute for them nothing but evidence of in
debtedness ? And what was the effect of that but
to decrease the means of paying debts, just in the
same proportion that indebtedness is increased? In
prosperous times, when exchanges are in favor of
this country, the increase of this bank paper evi
dence of indebtedness would be large in proportion
to the enterprise induced by prosperity. Then
bank activity would be at the highest, and the ex
pansion of paper currency would be at full tide—
expelling from the country all, or nearly all, its
gold and silver. But as certain as the tide of the
ocean is succeeded by its ebb, so certain is the tide
of bank expansion of being succeeded by its ebb of
(t:
versal distress, when there is the least means left
in the country for relieving them, or for meeting
engagements and indebtedness, because the very ev- *
idence of indebtedness proceeding from expanion,
had driven out the means of paying indebtedness.
This thing of making evidence of indebtedness a
basis of currency, has proved that the result can be
nothing else but wide-spread insolvency. It is act
ing upon the same system as an architect would
act upon, who, for every pound weight of material
he laid upon the superstructure he was raising,
should undermine an equivalent portion of the foun
dation. The whole superstructure must come down.
This was what brought five hundred thousand citi
zens into such an extremity as to compel them to
make these appeals to the sympathies of Congress.
But strongly as he felt the appeal, he could not
yield to it at the sacrifice of great and important
principles that go far beyond present inconvenience
and temporary individual suffering. He could not
but see that to yield to the request of these petition
ers would be, in the end, but to aggravate the evils
they complain of, and to involve a much wider cir
cle in the ruin which overwhelms them. The con
tinuance of the Bankrupt law will aggravate in
stead of mitigating the general distress occasioned
by an inflated and irredeemable paper currency. If
that law is not repealed, it will not be in operatiort
three years, till hundreds of millions of dollars
worth of property will have been submitted to the
auctioneer’s hammer, at a time, too, that the coun
try cannot famish means to purchase it unless at a
ruinous sacrifice to both debtor and creditor. The
result would be more disastrous than the efi’ects of
the former Bankrupt law—disastrous as they were.
The amount to be sacrificed will be far beyond any
calculation based on the effects of that law. W'hat
will be the creditors’ benefit by operation of this law't-
Literally nothing. C^aiceiy a traction of
debts will be collected under its operation. And in
view of the rights of creditors, he would here take;
ground that it is one of the most ini4uitous laws ev
er passed. When the Constitution v.as adopted,
there was a strong desire manifested to shape tho
power of creating a uniform Bankrupt law, so as
to authorize insolvents as well as bankrupts to be
included; but that was al»nndoned, and the power
was restricted to bankrupts, as defined >n the Eng
lish laws, then existing and prevailing. It never
was intended by the framers of the Constitutiou
that the power should reach to solvents generally.
But there was another objection to the Bankrupt
law of the last session. It looks, in the first in
stance, to the protection of the debtor, and not to th^
protection of the creditor. This he held to be ad
verse to the true intent and meaning of the Consti
tution; and in view of all this, it would be impos
sible for him to vote in compliance with the praj’or
of the petitioners for the continuance of such an un
equal and unjust law. It might be asked why
would he not, conscious of tiie distress which bov.--
ed down many valuable citizcns, consci'.t to restrict
the law to such operation as he admitted would be
coustitutional, and by leaving out all that was ex
ceptionable, and confining it to the class of real
bankrupts, afiord the relief so justly claimcd by va
luable citizcns. His answer was, that in the pre
sent condition of the country, a condition prod”.''ed
by an artificial and inflated currcncy, he could nor
agree that any bankrupt law would be just. Its
operation w(iiild be unequal and improper in every
respect. The real means of payment in satisfaction
of indebtedness, having been expelled from the coun
try by an inflated and irredeemable paper currency,
the class of persons who would be involuntary bank
rupts would be the chicf sufferers under the opera
tion of a bankrupt law, and that under circumstan
ces entirely beyond their control and yet under tho
control of those who inflicted bankruptcy upoii
them. Under this aspect of the effects in perspec
tive of a bankrupt law eve n of the best kind, he
could not consent to a participation in the formation
of a law calculated to inflict not only wrong, but
cruelty. Neither would he ever agree to any re
medy for supposed evils—that was to be effected by
stretching the powers granted by the Constitution
beyond the strict construction and obvious intent of
those powers. For it was his creed, that upon th»
restrictions and inviolability of that sacred instru
ment, depended the stability of this Government,
and the permanency of our institutions. The Bank
rupt act of last session, he considered among tho
most dangerous of the invasions ever attempted up
on the Constitution. He could see through it tho
progress of invasion of unlimited extent. And he
could even view the proposition to include in i‘s op
eration corporations, as an invasion, not alone of the
Constitution but of the rights of the States. And
he w’ould here say to those in favor of that proposi
tion, that if they could succeed in their desire of in
cluding corporations, they would very soon find this
Government stretching its arm to every State, and
to every city and town in the Union, under the pre
tence of regulating their corporations. With theso
observations he should conclude by moving that the
memorial be referred to the Committee on the Judi
ciary,
Mr. Berren replied at some length to Mr. Cal
houn^ arguing that bankrupts being insolvents, in
solvents were necessarily bankrupts, and thero
could be no distinction contemplated by the framers
of the Constitution; and that repeated decisions of
the Supreme Court had so ruled.
Mr. Calhoun, remarked that the Senator had but
repeated the arguments he had made in 1827, which
were then conclusively refuted by able men, whoso
opinions he (Mr. Colhoun) considered for more or
thodox than decisions of the Supreme Court. But
if the Senator was desirous to go over tho sarno
ground as in 1827, he (Mr. Calhoun) was ready to
meet him in discussion.
Here the subject dropped, and tho petition was
referred to the Committee on the Judiciary.
House of Representatives.
The House of Representatives was engaged all
day with the debate on the Treasury note bill.
Messrs. Joseph R. Ingersoll .^Gilmer., J. C. Jnger-
soU, Barnard^ Thompson of Mississippi, and Gor
don of New York, took part in the debate. At
half past seven the several amendments having been
disposed of, the bill was got out of committee, and
Mr. Fillmore moved the previous question on con
curring with the amendments. The House theji
.edL