MIR. CLAY-DEBTs OF THE STATES.
{"character_count": 1611, "word_count": 275, "ccnet_language_score": [0.9359999895095825], "ccnet_perplexity": [1392.5999755859375], "fasttext_language": ["en"]}



The speech of Mr.. Clay, of Kentucky, yesterday,
against the Report and Resolutions of the Committee
for The Destruction Of State Credit, a noble eff
FORT in point OF argument and eloquence. Notwilh-
Standing the incemency of the weather, the Senate
Chamber was crowded 10 overlowing in every part;
and seldom has the distinguished statesman spoken
in mannermore creditable 10 his commanding pow
ers. He replied, at great length 10 the arguments Of
those who have been assailing the credit Of the
States, under the prelence of controvening propo-
sition which has been advanced, for assuming
their debts; and showed The injurious effects which
must result from the circulation Of report depreci
ating the amount Of their means and resources.
of The proceeds of the public lands, an assumption
Of debt. The Federal Government is the trustee OF
the public domain for the use OF the States. Is The
paying opcr Of trust fund an assumption Of debt
Was the Distribution Bill Of 1886 an assumplionl1
Has the bill for distributing the proceeds Of the land
sales which passed both houses in 1891 but was de-
fealed by General Jackson, an assumption No
body will be silly say So Yet grave Senators
have stood up, day after day, and treated The ds,r-
button of The proceeds of the lands (Which the peo-
pie have right to demand) as synonymous with as
sumption.


We will in our next publication, present full
sketch Of this mastery speech. Mr.. Clay concu-
ded with motion for the indefinite posiponement of
the resolutions OF the Committee.


The Senatethen adjourned, on motion of Mr.. Sc
yer who has the floor to-day