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OF THE

HONORABLE SENATE,

OF THE

STATE OF NEW HAMPSHIRE,

AT THEIR SESSION

HOLDEN AT THE CAPITOL IN CONCORD,

COMMENCING

WEDNESDAY, NOVEMBER 18, 1840.

PUBLISHED BY AUTHORITY,

CONCORD:

CYRUS BARTON, State Printer.

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JOURNAL

OF THE

HONORABLE SENATE,

NOVEMBER SESSION, 1840.

WEDNESDAY, NOV. 18, 1840.

The General Court of the State of New Hampshire having this day convened at the Capitol in Concord, agreeably to adjournment at their last June session, the following members of the Senate appeared and took their seats, viz :

From District No.

1-Hon. James Pickering,

No.

No.

2-Hon. James B. Creighton, President, 3-Hon. David A. Gregg,

No. 4-Hon. Peter Renton,
No. 5-Hon. George Nutter,
No. 6-Hon. John Comerford,
No. 7 Hon: Daniel Adams,
No. 8-Hon. Abram Brown,
No. 9-Hon. Elijah Belding,
No. 10-Hon. Jeremiah D. Nettleton.
No. 11-Hon. Converse Goodhue,
Asa Fowler, Clerk,

Peter Sanborn, Assistant Clerk.

The Senate having been called to order by the President,

On motion of Mr. Gregg

Ordered, that the Clerk inform the House of Representatives that a quorum of the Senate have assembled, and are ready to proceed to the business of the session.

A message from the House of Representatives by their Clerk:

"Mr. President-I am directed to inform the Honorable Senate, that a quorum of the House of Representatives have assembled, and are now ready to proceed to the business of the session."

A message from the House of Representatives by their Clerk:

"Mr. President-The House of Representatives have appointed Messrs. Bruce of Mont Vernon, Batcheller of Marlborough and Hoit of Concord, with such as the Honorable Senate may join, a committee to wait on His Excellency the Governor and inform him that quorums of both branches of the Legislature have assembled and are ready to proceed to the business of the session; in which they ask the concurrence of the Honorable Senate.'

On motion of Mr. Renton

Resolved, that the Senate concur with the House of Representatives in the appointment of a joint select committee to notify the Governor of the assembling of the Legislature.

Ordered, that Mr. Gregg be joined to said committee on the part of the Senate.

Ordered, that the Clerk notify the House of Representatives accordingly.

Mr. Gregg, from the joint select committee appointed to wait upon His Excellency the Governor and inform him that quorums of both branches of the Legislature have assembled and are ready to proceed to the business of the session, reported that they had attended to the duty assigned them.

A message from His Excellency the Governor by Mr. Stevens, Secretary of State:

Fellow Citizens of the Senate,

and House of Representatives—

In pursuance of an adjournment in June last, we are again assembled, clothed with the high functions, and charged with the responsible duties of legislators. The full consideration of much of the important business then before the Legislature was neces sarily postponed to this time, and will doubtless receive that attention its importance demands.

Since our last sitting, that long agitated and most important bill, establishing an Independent United States Treasury has received the sanction of the legislative authority of the Union, and become the law of the land. The influence of this measure will be felt, it is believed, in checking the great fluctuations in the nominal prices and value of property, so ruinous to industrious enterprise, by preventing the vast expansions and consequent contractions in the amount of paper money, and by infusing a greater amount of the less variable, and universally employed and acknowledged measure of value, specie, into our medium of circulation. Its tendency will be to prevent suspension of specie payments by the banks, by compelling them to adhere to the regular and legitimate course of their business, under the certain expectation that while the revenues of the General Government shall be paid in part or wholly in specie, they will be held to the performance of their chartered stipulations with the public, and be called to redeem at least partially their promises to their bill-holders, with the gold or silver their bills are supposed to represent: To this no bank can offer any valid or reasonable objection, and no solvent and properly conducted bank need fear it.

The withdrawal of the national funds from the custody of the banks, which funds are collected from the whole mass of our cit. izens for national and not for individual purposes, will also by lessening the means of temptation thereto keep in check that wild and reckless spirit of adventurous speculation, which meets with success only at the expense of the industrious and frugal, and which has heretofore covered with disaster and embarassment the whole length and breadth of our land. Industry and economy will take the place of idleness and profligacy. Order and regularity in business will come, instead of the hurricane of speculation which brings ruin and desolation instead of wealth, in its train. Our importations will be graduated to the actual demands for our consumption; the foreign debts of our merchants will be cancelled; trade will resume its regular and healthful course, and as a nation, we shall soon regain, and let us hope continue, in the path of solid prosperity and real independence. Nor is this all; the funds of the General Government, the money of the nation will be under its own control, safely kept for its own legitimate use, the prompt satisfaction of all claims upon the National Treasury in pursuance with legal appropriations therefor.

The disasters that have happened to our national revenue under the system of bank deposits, can never occur under the Independent Treasury system. Under the former, we have seen very

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