North Carolina Newspapers

.11 .VH;HVH;H.-. ... 77i ttndtncrjof Ittmocracyit toward thitteraiionef thlnduU-iaueiaMt,tht incrtant of thtir comfort, thenxttrUa ortJitir dinity,tht ett Jb.'iMhmtnt tf thtir pvu tr." JJY ROBERT WILLIAMSON, Jr. MXCOITOYiY. C., JANUARY 12, 1842. VOLUME V, NO. 33. N E V T E It M S OF THE LINCOLN REPUBLICAN TERMS OF PUBLICATION. The Lixcolx TiEPCBiicAS is published every Wednesday at $2 50, if paid in advance, or $3 if payment be delayed three months. NTo subscription received for a less term than twelve months. - JVo paper will be discontinued but at the optiuo f the Editor, until all arrearages are paid. . A fiilure ta order a discontinuance, will be eon- sideied a uew engagement. TERMS OF ADVERTISING. Ai)Vf.rtiseiexts will bo inserted conspicuous Jy for $1 00 per square for the first insertion, and 25 cents for each continuance. Court and Judicial advertisements will be charged 23 per cent, more than the above prices. A deduction of per rent, from the regular prices will be made toyearly advertisers. The number of insertions must he noted on the manuscript, or they will be charged until a discon tinuance is ordered. TO CORRESPONDFSTS. To insure prompt attention to Letters addressed jo the Editor, the postage should in all casts be paid. I3 SPEC T IT 8 OF TliS fiSiadisosiian jiSlIE undersigned having puichased a control lini; irite.-est in the Moisavi ax, proposes to i.vsae a Dailt Papeh from this otuce on or about the 15th of December. The paprtr will be devoted to the support of such constitutional measures as the in to rests of the People jnay Jamand and from what has been seen of the purposes of President Tyler's Administration, there is every reason to 'believe that such measures otilv are in contemplation by the present head of the Government. We propose to labor for the entire restoration of the pure doctrines and faithful practices of the founders of our Republic not to battle for the mere exaltation of partisan dictators. To advocate those principles of our patriotic fathers which were al together designed to ensure the prosperity and hap piness of the Confederacy, in their oiiginal purity not to tear down the modern fabrics of dema gogues to erect pedestals for other ambitious and dishonest aspirants. In short, it is our design to pursue the Right, alike heedless of patty names and party interests, and to expose the Wrong, emanate Irani what men or in what sections it may. Hut it is far from our intention ever to indulge in wanton and vulgar abuse. Vet wc will not sutler the men end measures we advocate to be unjustly aspersed, and wr.mafullv osxailetJ.-wifh ininunitw - Heartily approving the independent course pur sued by the President during the late extraordinary session of Congress, it shall be our endeavor, at a fitting period, to place before the public all the circumstances connected wiih the origin ard fate of the two LJank bills. That the Daily M.idisonian may merit the pnp port of the community indiscriminately, the under signed is resolved to bring to his assistance in the editorial department the best political imd literary . ,1 . l, ..,. K.. ir.,l Til !M nflS; i.nr-nwo nn able and cxnencnccJ European correspondent (situated at Bremen) has hce.i engaged to transmit to us hy me steamers every ionnignr, mc most of things in the old world of which he is capable. This enterprise, we trust, will be duly appreciated ly our subscribers. An clu:ia:it corps of stenographers will he em ployed to report the proceedings and debates of each house of Congress, which will be put in type the evening of the .ay they transpire, and He transmitted promptly to our subscribers through the mails. As the only Administration Journal in tiie Dis trict of Columbia, publishing, officially, the pro ceedings of the Government, and cherishing and defen ling honestly and earnestly the principles upon which the putmc acts ot rresKicni lyicrtiavc thus far been founded, we may, we trus-t. justly calculate upon nor considerable share at least of the support of thaacvery comprehensive body ot ou fellow-citizens whot in the friends of g-)od and faithful Government. TERMS: Lfauy per aiiiium. uuvjuu -For the approaching session, (probably sr-ven months.'! . - fin advance"! ?10 00 The tri-weeklv per annum, - - For six months, - - - - - " Weekly, ------ - . For six months, - - - - " fXj All letters must be addressed (free of post age) to the editor. Postmasteis throughout the Union are requested to act as our agents. Those who may particularly exert themselves in extenJing the circulation of the paper, will not only be allowed a libcial com . mission on sums remitted, but receive our wurnicst thanks. Papers (whether Administration, Opposition, or .Neutral,) copying this prospectus (including this paragraph,) and scadiug us numbers contaiuin g ; nnrlm.1 will lip imtitlfil to nit exchange. J. B. JOXES. Washington City, Nov. G.1841. " STATE of NORTH CAROLINA, Lincoln County. - . Fall Term, IS 11. Sarah Ramsci) vs. ) Petition for Divorce, James Ramsey, J ami Alimony. tN this case it appearing to the satisfaction of the Court that James Ramsey , the defen dant is not an inhabitant of this State ; It is therc ' for ordered that publication he made for three months in the "Lincoln Republican" and" Western Vt,i,r ft inner." for the defendant U appear at the n,ti Simerior Court of Law, to be hctd for the County of Lincoln.at the Court-house in Lincolnton on the 2d. Monday after the 3rd Monday in Feb--narv next, then' and there to plead, answer, or demur to thi petition, or judgment pro confesso will be entered up against him, & the said petition be heurd ex-parte. Witness K. A. Hoke, Clerk of our saul Court, at office the 2d. Monday atter ihc 3d Monday in Angt. A'. D. 1541; and the 66th year of the tn-J-r-endciice of sa:d rotate, F. A. nOKF., Cr Sfpt. 22, 1811. J7 3:no. Price adv. 10. From the Mecklenburg Jejftrsonian. DEMOCRATIC MEETING. In pursuance of previous notice, a pub lic meeting ,,f jhe Democratic Parly of .Mecklenburg was held at the Courthouse in Charlotte, on Saturday, the 1st of Janu ary. 1842. Tlta meeting was large and enthusiastic, and was organized by il:e ap pointment of Dr. Stephen Fox as Chair man, and J. W. Hampton, Secretary. The Chairman briefly explained the object of the meeting'; and, on motion of Co!. J, Sloan, appointed Capf John Walker, John Kirk, C. T. Alexander, Jr., Col. J. Sloan, and J. W. Hampton, a Committee to pre pare a preamble and resolution expressive of the views of the meeting. During the absence of the Committee, Col. John II. Wheeler, was called upor. to address the meeting, which he did in a very effective end humorous speech of a hout ha!f an hour in length. At the con clusion of his remark?, the Committee, through Mr. Hampton, reported the follow ing, which met4the tin?iiimous approbation of the meeting: A frequent recurrence to the fundamen tal principles of our institutions, and a scrutinizing examination of the conduct and measures of those agents to whom the management of Cove rnmt'isi is entrusted, as well rs the principles of those seeking public office, are eijoiifd upon us not only by the advice of the patriots -.vhose wisdom framed our svstem of Government, but by our duty to ourselves and to posterity. A free people should be jealous ol their rights, and resist at the threshold the slightest attempt of tiieir agents'to usurp undelegated powers. These considera tions constrain us at this time to express freely our views on a variety of measures of National and Slate policy, which lately agiiatpd, and some of which yet agitate, (he public mind. In the first place, We regard the Extra Session called by the Whigs- immediately on reaching pow er, as unwise in policy and prompted by corrupt and wicked motives as unprece dented in its oppressive and tyrannical rules, unconstitutional laws, and profligate waste of the public money, and should re main forever as a stigma upon its authors. 2. That of all the bad measures passed at this extraordinary Congress, we view that to distribute the proceeds of the pub lic lands among the States as the most cor rupting in its tendencies and productive of the worst consequences to the stability of our Government; It is unconstitutional, and Jias already been made the excuse fr laying the foundation of a National Debt that, under a continuance of the same poli cy, will swell like the public debt of Gieat Britain, till the energies of our productive laborer, like his brethren in the old world, are weighed down by taxes and worn out !y oppression. It has likewise been made ihe ground of no increase of the Tariff, and tints the Southern people are made to eon tribnie at least three dollars in taxes for ev ery one they get by the Distribution: A gainst such a law, we enter our moat sol emn proiest. I). The Bankrupt Law passed at the same session we believe to be unconstitu tional it is partial and inijusi in its opera tions, and can be regarded in no other light than an a special edict to clear unprincipled men adventurers and speculators, from ibe payment of their honest debts." Ii should be repealed, or so amended as to render it uniform and jast in its provis ions, ami to include Banks and other cor porations in its operations. . That the tax laid by the same Con gress, upon Sail Sugar, Iron, coarse woollens, &c, an ides ol indispensable tie- ctssity to the health, comfort, and con venience of the poor man, while a numer ous list of useless articles to any but the rich, are admitted duty free, was an out rageous act of injustice, and in direct con tradiction to the promises and professions of the whig party before obtaining power; that we deny the power of Congress to lav discriminating duties for the protection of domestic manufactures, and that the at tempt to exercise such power ought to be. and will be resisted by the Southern peo ple "in its inception, in its progress, and in its cmnsutiiniatioii." 5. That the outi ageons inconsistency in the promises of the whigs before they ob tained power, and their practice since, should make them objects for the "slow, unmoving linger of scorn to point at" for all future time: they promised to practice economy and reduce the expenditures of Government, and they have increased them the first year r.ear eight millions of dollar.-, they promised to "proscribe proscription," and have turned out every Democratic office-holder in the land whose office was worth having, without fault found or cause assigned, ami filled their places in many instances with men of the most debased moral characters; they promisod the labor ing man good times and plenty of money "a dollar a day and roast beef," and now impudently tell him he must work or starve; they promised to reform the Gov ernment, to reduce the number of public offices and the over-orrown salaries of oili- and tbev have atvi .sunieroue n c, ana increased the salary uf s already in existence. In shortjjihey have violated all their promises of retrenchment, reform, and are, we' think, justly entitled to the epithet of "the party of broken pro mises." C. That lite appropriation of $25,000 to the wealthy widow and family of the late Gen. Harrison was unconstitutional, with out precedent in the history of the country, and will have the leneency to build ip 3n aristocracy, or privileged class in the land. 7. That the open and violent war of V16 whig leaders upon our sacred constituon their attempt to take from the President the veto power, the only remedy y that instrument against legislative tyray and usurpation, and their proposal change the lenuie of office and the responsibilities ol the most important of the Cabinet offi cers, are dangerous innovations upon our republican form of Government, and should be indignantly frowned down by the Peo ple. 3. That we highly approve the vetoing v( the two Bank Bills by President Tyler, and for these patriotic acts, accord to him the meed of "well done good and faithful servant." 9. That the triumphant success of De mocratic principles, in many of our sister Stales at the last fall elections, proves that the "sober second thought of the people" i "ultimately right and always efficient,"' and should rejoice the heart of every lover of rational liberty; it tells the doojn of mo dem Whigery, which is but another name for ancient Federalism, and should inspire us to renewed exertions in the approaching contest, that we may, on the first Thurs day in August next, have the proud satis faction of seeing North Carolina take her post in the Democratic pyramid of States redeemed from the stupor of hard-cider and the r-till harder yoke cf Federalism and Bank dominion. 10. That we highly approve the object of the proposed Convention to meet in lia leigh, on the 10th instant, and that the Chairman of this meeting appoint ten dejpgaies to represent this county in the same pledging ourselves cheerfully to a bide the decision of that body in the choice of a candidate to be supported by our party for Governor at the next election. Qn pursuance of the last Resolution, the Chair appointed as Delegates, Dr. Joseph W. lioss, William Wilson, Cnpt. William IWd, Col. Thomas C. Wilson, William M. Matthews, Eq., John Kirk, Col. J. h. Black, Dr. Charles J. Fox, Charles 'I. Alexander, Jr., and Joseph IV. Hampton. 11. That wo cordially adopt the deter mination of our Democratic brethren of Lincoln County, that at the next election we will vote for no man offering for a scat in the General Assembly, who shall not at the time he announces himself a candidate and upon all suitable occasions, declare, and give his solemr. promise to the people, he will do ail in his power as a Senator, or Commoner (as the casn may be,) to compel the Banks to, abandon their sus pension policy, and resume specie pay ments." Afier the adoption of the Resolutions, the Chairman arose and addiessecl the meeting for a few minutes in his ususl for cible and piquant style, and took his seat amid bursts of applause from the auditors. On motion of ('apt. John Walker, Resolved, That the thanks of this meet ing are due to the Chairman and Secretary; that they be requested to sign our proceed ings and have them published in the Meck lenburg Jetfersonian, with a request to the Editors of the Lincoln Republican, West ern Carolinian, and Raleigh Sjandard to copy the same in their respective papers. STEPHEN I DA, Chairman. J. W. Hampton', Secretary. From the Mecklenburg JeJJtr&onian, THE TAX ON SALT, SUGAR and IKON. If any act of humbugery and deception practiced by the leaders of "Whigeryv' should excite surprise and indignation in every honest bosom, it is their audacious denial that their party, at the Extra Ses sion of Congress, laid a tax of twenty per cent. On Salt, Sugar, and Iron. -threa ar ticles indispensable to the health, comfort, and convenience of every class in society. and more especially the poor laborer. We say these articles are taxed ; a id we have the records to back our assertions. As the Bill passed the House of Repre senianves, i ea and iotiee were also in cluded among the dutiable articles ; but when it went to the Senate, that body a- mended the Bill, by exempting Tea and Coffee, and a few oilier articles, from duty To this amendment, the House refused to accede, and a Committee of Conference was appointed to settle the difficulty. That Committee agreed to strike out Tea and Coffee from the Bill, and leave Salt, Sugar, Iron, fcc., to be taxed twenty per cent., and thus amended, it passed both Houses. In order, however, to arrive at a more perfect understanding of the matter, we will go back to the Tariff Act of 1832. and trace the legislation on the subject to the Extra Session of 184!. The At r.f 1832. section 2. clause 5. than prescribed the duty cu Iron: 11 On Iron in bars or bolls, not manufac tured in whole or in part by rolling, nine' ty cents per one hundred pounds."' Clause b" "On bar and boh Iron, made wholly or in part by rolling, thirty dollars per ton: Provided, That all Iron in slabs, blooms, or other form h?ss finished than Iron in bars or bolts, and more advanced than pig iron, except castings, shall be rated as Iron in bars or bolts, and pay duty according ly." Clause 7 "On Iron in pigs, fifty cents per cnt hundred and twelve pound; on vessels of cast iron, not otherwise spe cified, one and a haff cts. per pound ; on all other castings of iron, not otherwise specified, one cent per pound.1" Clause 9th "On round iron or brazier's rods, of three-sixteenths to eight-sixteenths of an inch diameter, inclusive, and on iron in nail or spike rods, or nail plates, slit, rol led, or hammered, and on iron in sheets, and hoop iron, and on iron, slit, rolled, or hammered for band iron, scroll iron, or casement rods, three rents per pound; on iron spikes, four cents per pound; on iron nails, cut or wrought, five cents per p:mnl; on tacks, brads, and sprigs, not exceeding sixteen ounces to the thousand, five cents per thousand." The same section and 16th clause thus states the duty on Sugar : "On brown Sugar and syrup of sugar canp, in casks, two and a half cents per pound: and on white clayed sugar, three and one third cents per pound." And tiie duty on Salt is given in the next clause- "On salt, ten cents per fifty six pounds," (or per bt1(..) These facts are quoteJ from tho Act it self, and the reader can see what was tiie tax on Salt, Sugar, and Iron under the high Tariff of 1832. We will now turn to the act of 1833, called the "Compromise Act." The first Section of the "Compromise Act" provides for the gradual reduction of the duty on articles taxed more than twen ty per cent. the reduction to be so gradu ated as to reach the mininum of twenty per cent, in June, 1842. But as neither Salt nor Sugar, paid as high a duty as twenty per cent., and the tax not being ta ken off of them, of course they remained j subject to the duty imposed upon them by the act of 1832, rnlil it was raised at the Extra' Session "6f 1S4I. And now we come to that Act. The 1st Section is all that relates to the question ir. hand, and here it is : "AN ACT relating to duties and drawbacks. "Sec. 1-3 Re it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That on all articles imponed into the Unt ied States fro. n and lifter the thirtieth dav of September, eighteen hundred and forty one, there fhail be laid, collected, and ja:d on all articles which are now admitted free of duty, or which are chargeable with a duty ol less than twenty per centum ad valorem, a duty of twenty per centum ad valoiem, except on th following enumera ted articles, that is to sav: muriatic acid, sulphuric acid or oil of vitriol, alum, lartanc acid, aquafortis, blue vitriol, calomel, carbonate of soda, corrosive sublimate, combs, copperas, indigo, nitrate of lead. red and white lead dry or ground in oil. sugar of lead, maugnese, sulphate of mag nesia, bichromate of potash, chromate o! potash, prussiate of potash, g'.auber calls, rocheilc salts, sulphate of quinine, refined saltpetre, which shall pay respectfully the same rates of duty imposed on them under; existing laws; and the following articles shall be exempt from duty, to wit: tea and coffee, all painting and statuary the produc tion of American artists residing abroad; all articles imported for the use of the Uni ted States, and the following articles, when specifically imported by order, and for the use of any socte'y incorporated or estab lished for philosophical or literary purpo ses, or for the encouragement of the fine arts, or by order and for the use of any college, academy, school or seminary of learning, in the United Slates, to wi: philosophical apparatus, instruments, books, maps, charts, statues, bu-.-'S of marble, bronze, alabaster, or plaster of Paris, ca-us, paintings, drawings, engravings, specimens ol sculoture, cabinets ol coins gems, medals, and all other collections of anuqui ties, statuary, modelling, painuug, drawing. etching, or engraving ; and, also, all impor tations of specimens, in natural history, mineralogy, botany, and anatomical pre parations, models of machinery, and the models of other inventions, plants and trees, wearing apparel, and other personal baggage in actual use, and the implements or tools of trade of persons arriving in the United States; crude antimony, regulus of at.timo ny, animals imported for breed, argol, gum arabic, aloes, ambergris, bole armenian, arrow root annetto, anniseed, oil of anni seed, amber assafustida, ara root, alcorno que, alba canulla, bark of cork tree unman ufactured, burr stones unwrought, brass, in pigs or bars, old orass only fit lobe reman iifactnred, brimstone or sulphur, barrilla, brazillelto, boraric acid, Burgundy pilch, berries used for dyeing, smaltz, lasting or prunella, used in the manulaciure of buttons j and shoes, vanilla beans, balsam tolu, gold 1 and silver coins and bullion, clay unwrought. j copptr imported in any shape for the use of the Mint, copper in pigs, bars, or plates, or plates or sheeis, of winch copper 13 the material of chief value, suited to the sheadi ng of ships, old copper fit only to ba re manufactured, lapis calaminaris, cochineal, chamomile flowers, coriander seed, catsup, caniharide?, castanas, chalk, coculus indi cus, Colombo root, cummin seed, cascardla, cream of tartar, vegetables, and nuts of all kinds used principally in dyeing and com posing dyes, iac dye, emery, epiukts and wings of gold or silver, furs iiodrcssedof all kinds, flaxseed or linseed, flax unman ufactured, tusiic, flints, ground fiiul grind atones, gamboge, raw hides, hemlock, hen bane, horn plates for lanterns, ox and other horns, Harlem oil, hartshorn, hair unman ufactured, hair pencils, ipecacuanha, ivory unmanufactured, iris root, juniper berries, oil of juniper, kelp, kermes, madder, madder root, musk, manna, marrow and other soap stocks, and soap stuffs, palm oil, mohair, mother of pearl, needles, mix vomica, orris root, oil of almonds, opium, palm leaf, platina, Peruvian bark, old pew ter fit only to be remanufactured, plaster of Paris, quicksilver, rags of any kind of cloth, Iniia rubber, reeds unmanufactured, rhu barb, rotten stone, elephants and other animals teeth, polishing stones, bristles, ratans unmanufactured, raw and undressed skin, spelter, crude saltpetre, gum Sene gal, saffron, shellac, soda ash, sponges, sago, sarsapurilla, senna, sumac, tapioca, tamarinds, crude tartar, leutenegue, tin in pigs, bars, plates, or sheeis, tips of bone or horn, tortoise shell, turmeric, weld, woad or pastel, Brazil wood, Nicaragua wood, red wood, cam wood, log wood, dye woods of all kinds, unmanufactured woods of any kind, except roaa wood, fatin wood, and mahogany, whale and other v fish oils of American fisheries, and all other articles the produce of said fisheries, and zinc; and, also, wool unmanufactured, the value whereof at the place of exportation shall not exceed eight cents per pound. Let the reader mark the language of the Act "That on all aiiicles now admi'ted free of duty; or which are chargeable with a duty of less than twenty per centum ad valorem, a duty of twenty per centum ad valorem shall be paid." Sugar and Salt, then paid a less duty than twenty per centum ad valorem ; are they mentioned in the list of articles the fluiy on which re mains stationary, or among the free articles! No; then of course they are taxed. Yes, these articles, without which the poor cannot live, are burdened with taxes, w lule tea and coffee, drugs and poisons, paintings and engravings fine horses and gew-gaws for the rich, are admitted duty free ! Examine the long list of free articles above, and see if you can find any thing of prime neccfsity to the poor man anything which he could not do without. Is this fair and equitable legislation? Is it what tiie whigs promised Ihe suff ring poor man T They professed to be the exclusive friends of the poor laborer until they got his vote, and then impudently turn round and grind him down with taxes on all his chitfest neces saries of life ! And, to add insult to op pression, they presume upon his ignorance, and deny their recorded acts ! We have always regarded the tax on Salt as the most oppressive and onerous burden ever imposed upon any people; it is like taxing the light of heaven or the waier that gu-hes out of the earth, and the duty on fiugar and Iron is but little less objectionable. TiTcnty-sevcatli Cciircss. CONGRESSIONAL ANALYSIS. From the Globe of Dec. .30, 1841. IN SENATE. Afier transacting much preliminary busi ness, the Senate proceeded t-. the consid eration of the motion to refer the repo;' of the Secretary of the Treasury on the sub ject of the Board of Exchequer to a Select Committee of nine. Mr. Mangiim, who was entitled to the floor, spoke out the remainder of mis day's session, against the project of the Secreta ry. In giving his view, he disclaimed being operated upon by any party consid erations, lie did not wish to be under stood a representing any interest, party or clique. He hestijd much prai:e as to the ability with which that report was pre pared. In a catholic spirit, he was willing to go with Senator Tallmadge and his as sociates, as Jar as was compatible with principle, to change or modify the project, by the hands of a committee, but be aid he feared it was wholly impraeiicaole to give it Mich form as could secure to it. his support. Notwithstanding it had veen characterized as the production of a mas terly mind, there was none, he faid, so poor as to do it reverence. And the reason was obvious, because it was an entire aban donment of old and approved principles. It was the creation of a new tiling to con centrate and to perpetuate power in the hands of those now administering the Go vernment. He said he would not go. inm a regular dissection of the report, because he did not know whether it was worth the metal which would be lost in its dissection. If he was permitted to expro3s the strength of his conception of its enormities, after di vesting his mind of ail prejudice, and view ig it is a man of truth and honesty, after deliberating on the condition of the Gov ernment in its " worst time, he would say that he had never seen so bold and reckless a push for absolute -power. The whole history of the Government did not afford a single example of a stretch for power so bold; of which, if allowed, he conse- qurnces wouiii nave proveu so i.eieitrioua. If the overwhelming powers of this ma chine be superadded to the now tremen dous powers of the Executive, though the Government be in the feeblest hands, it would break down the manliness of the people, and prostrate public liberty. If he thought the country was prepared to re ceive the project, he should feel fitch Op pression of mind, as he prayed neither he or his children should ever be doomed to experience. To concentrate in the Exec utive, all the powers proposed by this mon eyed machine, in the present spurious condition - of the currency, would cause the State institutions to pop like the explosion of a ship, if a hot shot was thrown into her magazine. If this machine w ns permitted to go into operation, it would oversdiadow all the institutions of the coin iry it would overwhelm the whole of us. We might then, indeed, lie down in re pose, but it would be a rep6se, absolute, mean, and despotic, such as a proud man could never tolerate or live onder. lie cal led upon Senators to look to the conse quences of granting a power to circulate fifteen millions, and if deposites be made, fifteen millions more; in all, thirty millions. There were no guards or restraints, us lie saw, whereby one hundred millions might not be circulated. He spoke of the cor rupting influences it might exercise over every section f the country. In a word, looking to the distressed condition of the country, it was bidding out one of the most porteuous bribes that ibis or any modern time. had evpr experienced. By. it the people .would be almost placed in the condition of beggars. When once made so, it would require but little effort to make them slaves. If once in operation, there would be no power in the people that could resist it. It would concentrate a power with which lie would not trust any prnn. If the father of his country was again on the stage of action, before he would trust him with such a power he would lop off bis right arm. But if his honorable friend from New York could, by refering it to a committee, accomplish any thing as a me dium course, to sinp ihia stupendous ma chinery of its appalling power, f-r on, he would leap to bin support. But be believ ed it could not be sircomplised. lit would rather, for one, tike the Sub-Treasury in any, in its worst form, than this monstrous machine, which would pourout its torrents of corruption over the land. lie believed the benefits of the Sub-Treasury were en hanced by its friends, and its injurious ten dencies exaggerated by its enemies. He did not regard it as having any power to regulate the currency; he disliked it more because it was a machine of an insulaied spirit a spirit which operated on the prin ciple of taking care of the Government, and 'leaving the people to take care of them selves. He opposed it not so much for what it was, as for what it roignt become. It was not possessed of the overshadowing: power of this machine, but it possessed the same foculties undeveloped. The powers of that, were modestly put forth as under a veil; but in this, as it were, they step forth and look the public boldly in the face. -This machine, he contended, would destroy the local banks in every section of the country, except in the commercial empo riums. He argued that it had all the bank- .rr f ..r - i t. r it.. .1 1. 1 lit; mvuilirn l.i cl IHIIJ I ; r Vt'll'piU , SOU without manacles, to be fixed on as a part of the Government. He thought it mon strous that Virginia statesman, who had op posed a Bank of the United States, could come to the conclusion to give support to litis, which had a!! the tributes of a bank, yet without any of its guards and checks. Mr. M. wpnt into a partial analysis of some of the features of the project, and showed that under the guise of exchange, it was a hank of discount in its most odious form. Af;cr denouncing it at great length in the most severe terms, and maintaining; that it was not a Whig measure, but was put forth as a bribe 10 maintain power in the hands of those now administering Gov ernment, he said he believed it could un- 1 r . r 1 r .- .1 . II oergo no lorm 01 mouincauon mat wouiu induce him to go for it. v ' The Senate adjourned' till Monday next. , v' .- ' V '' HOUSE OF REPRESENTATIVES, Mr.'Atherton, by leave, presented the petition of four hundred and twelve citizens i of Coos county New Hampshire, praying for a .repeal ol the liantrupt law because it will he unequal in its operation, and have a "tendency to encourage wild and mis chievous speculation, and because is as sumes to violate solemn contracts, and deprive the industrious and prudent portion of our citizens of a legal right to the