reported by Mr. Wall, and passed--21
to 19--and sent to the House.

NUMBER 4. In the Senate, July 23, 1841, _Mr. Nicholson_, a Democratic
Senator from Tennessee, delivered an able speech in favor of a uniform
system of Bankruptcy, and moved to amend the bill then pending, by
inserting "BANKS AND OTHER CORPORATIONS;" which motion was lost by a
vote of 34 to 16.

NUMBER 5. That great light of Democracy, _Col. Richard M. Johnson_, late
Vice-President of the United States, wrote and spoke in favor of a
General Bankrupt Law. In a letter of his, now before us, dated
Washington, January 18, 1841, he says, speaking of such a law: "_My
opinion is that it will redound to the honor of our country._"

But we will do Mr. Buchanan justice, by stating that he said he would
vote _against_ the Bankrupt Law of 1840, because he did not like its
features. When Mr. Webster spoke in favor of the law, and of the
character of the _petitioners_, many of whom presented their petitions
through Mr. Buchanan, the latter spoke on the 24th of February, 1840;
and, to satisfy Mr. Webster and others that he was not opposed to the
_principle_ in former days, stated, "_He came to the other House of
Congress, many years since_, A FRIEND OF A BANKRUPT LAW. The subject was
before the House when he entered the body twenty years ago." He added,
"He was _open to conviction_, and might change his purpose!"

Thus, it will be seen that Mr. Buchanan, in this, as in every thing
else, _was on both sides_! And how does it look in a Presidential
candidate, to have supported a _General Bankrupt Law_ for the relief of
_rich, extravagant, and aristocratic_ gentlemen, and then to turn round
and advocate "ten cents per day" for poor folks and laboring men? It
will look rather bad; but, then, Sag Nicht Democracy can go any thing!
This old "ten cents per day" champion of Democracy advocated, in so many
words, the reduction of all paper money prices to the real Cuba standard
of solid money! We take extracts from his speech, which will be found in
the Appendix to the Congressional Globe, page 135:

"In Germany, where the currency is purely metallic, and the
cost of every thing is REDUCED to a hard money standard, a
piece of broadcloth can be manufactured for fifty dollars; the
manufacture of which in our country, from the expansion of
paper currency, would cost one hundred dollars. What is the
consequence? The foreign French and German manufa