Benton, Thomas Hart, 1782-1858; Legislators -- United States -- Biography
There were gold mines in the Southern States, which had been growing
more and more productive; and, as the cost of freighting the bullion was
excessive, a bill was introduced to establish branch mints at New
Orleans and in the gold regions of Georgia and North Carolina. Benton
advocated this strongly, as a constitutional right of the South and
West, and as greatly in the interest of those two sections; and also as
being another move in favor of a hard-money currency as opposed to one
of paper. There was strong opposition to the bill; many of the Whigs
having been carried so far by their heated devotion to the United States
Bank in its quarrel that they had become paper-money men. But the vote
was neither sectional nor partisan in its character. Clay led the
opposition, while Webster supported Benton.
Before this time propositions to distribute among the states the revenue
from the public lands had become common; and they were succeeded by
propositions to distribute the lands themselves, and then by others to
distribute all the surplus revenue. Calhoun finally introduced an
amendment to the Constitution to enable the surplus in the treasury
during the next eight years to be distributed among the various states;
the estimate being that for the time mentioned there would be about nine
millions surplus annually. Benton attacked the proposal very ably,
showing the viciousness of a scheme which would degrade every state
government into the position of a mendicant, and would allow money to be
collected from the citizens with one hand in order to be given back to
them with the other; and also denying that the surplus would reach
anything like the dimensions indicated. He ridiculed the idea of making
a constitutional amendment to cover so short a period of time; and
stated that he would greatly prefer to see the price paid for public
lands by incoming settlers reduced, and what surplus there was expended
on strengthening the defenses of the United States against foreign
powers. This last proposition was eminently proper. We were then, as
always, in our chronic state of utter defenselessness against any
hostile attack, and yet were in imminent danger of getting embroiled
with at least one great power--France. Our danger is always that we
shall spend too little, and not too much, in keeping ourselves prepared
for foreign war. Calhoun's resolution was a total failure, and was never
even brought to a vote.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account