The enquirer. [volume] (Richmond, Va.) 1804-1815, 1806-04-25

HOUSE OF REPRESENTATIVES,.
WEDNESDAY. April rs.

-9'S'es ana ior building gun boats, read third
time and paIed.
The Hodie refoved itfelf into s.conn,ittee Of RIA.
whoie-MR CRrcc in tie cnair--on the bill Gipnls
mentary 70 the act, entitled /" an A g making provi
hon tor the redemption of the whole oil the puhIic ese
of the u. S." : =
The chairman PROCEEDED to read the bill until he
came to the fourth and fifth &c ioes which authorir.
the commissioners of the linking fund appo;n. one
agent IN London, and ano,her in Amherdam. 10 re-
ceve INTERRUPTIONS and transfers, and TO ae new cer
heates; and 70 enable the holder, of old fix per esuss
deferred or three per cens itoeks who may become
upicroers to the new Rock either in the Un:,ed States
or in Europe, and who, or the irit day of Ap- nar,
and on the day of the iuhfcrption, iail be rtf,eas
IN hurore, to receive tie ;iheref on their nexk,
ehher IN the United State, or at London ,or in AM
fterdam.
M,. -Parnem moved to flrike out the fifth feaion
his motion was frppored by Mr.. Davenport 8,
"pPoied by Mr. J. Randolph, and dilagreed AYES
34-Noes AZ. -,
On motion of Mr. =. lPazsoi.B the con,penfation
allowed TO each Of the above agents was xed at 5000
dollars-Ayes rs.
The Sth iecfion was read as follows:
SEC s. md be IL fuytber enacted That from and
after the tirt day of April next, whenever it al be
pecelary to iiue new certificates iher in lien of
uch certificates of old tx per cent or deferred no
as may he ioit or detroyed by reaion of transfer
OF iuch flock from Rockhoder TO another or from,
the books OF an office thoie of another Office the
new certificates, innead of flaing the nominal a.
mount oil itock which originally was. but is no longer
the ium actually due by the United safes l,au 81.
Peis the true amount OF the annuity que at the rae
OF eight per cent on the original amount of prine;pal
at the time ~henit fiall ceafe But all the other ro
riiions heretofore made by law, and now in fnrca
relative TO the faid ftocks, hall remain in full force
as u no alteration had been made in the fern of the
Serthcases andiuch new certificates may he frb-
1crsed' in conformity with the provifons Of th;s aa
according the then unredeened amount Of ,le pr,.
ciPal fiock originally due.
Mr. Qpiaty moved to Rrke this fctaion out, under
the Impre'ion that it impaired the original c,ntra
between the United States and the public creditors.
charge. s'''i' s''''
mr.. DaHa did not think it impaired the original
contract, but contdered fuperAuous as in hi, op;
mon the power given by il already veled by law
IN the officers of the Treafry department when tbe
queiten was taken and the motion LOFT withou, d.
vifon. ~
Mr. T. Panial8J moved to fill the blank !, ,I,,.
part OF the bill which provides for the conversion f
three per cent flock into fix per cent with G.tv
Two ana hall ); by which the holder of every ham,
dred dollars IN the three per cent. Rock is entitled 70
receive ixty-two and half dollars of ok per cepr
H2F' G'9S0"f!bieH oPpoied ribs motion, as well ,
as the ProViiion for converting the three per cen.
into fix per flock under the idea ,ht !, ,yod 10
injurious the u S.
mr.. T. Clay defended the provifion and made a
dethhd argument to thew that it would be benefe;
al to the United States
mr.. Darn declared himfeIf in favor of the pro. (
poled modification of the public debt.
M Jae5an poke againG it.
mr. T. Rand'4pb advocated this part of the bill
Mr.. CrorpnigjGield replied
When the quetfion taken ON the morton &c
14r' j. Ra"aol'b and agreed to--Ayes 5I--Noes "a
motion, made by Mr. D1pzfsya reopir;pqr .h.
pDrpr IL
olhces to take an oath affirmation for the d;s,
execution Of their truis and requiring them IN ;v.
bonds IN one or more ureties in the penal of oo,o
dOis.-was agreed TO-
H7r. Dana moved to nrike out the words marked
IN Hafe5 in the following fec with view of rsf, ain-
ing the proviions of the bill to the nreren, q
and under the inprelTion that in the new Goct r'
Polea TO be created the government liberated itfef
RON the obligation to pay certain part of the pru-
e'pai and intereit heretofore nipulated
Sec. Beh enot7ed BY tie Senafs iJ Hort of Pes,>cn.
afi1r5 81 tie UHiieS Siafes Of Ameyiea in Co1greG S
b!fd' hat iubcrption the full amount of the oJ
* PR ee" dfersd and three per cent flock be, and
he lame is hereby psopoied for which purpofe books
MAJ! be opened at the reafury of the United s,o,es
aud by the ieyeral eonimifoners of loans on ,b 6a
Gay OF April next, to continue open until the 17tb
day OF December next following ncluGvelv the four.
een a't days OF each quarter excepted for finch ,ar-
Of me above mentioned descriptions of ftock as nall
y" 0 uaJ vi iuolerIptlon, tald on the books of the
treawry, and OF the ievera commiIIioners of loans
respectively which lubftription Gall be effected NV
transfer to the United States, in the manner prnv.
ded by ar for iuch transfers of the credit or ered,
andlng on the iaid books, and by fsrrender Of ,bs
certificates of the flock fubfcrbed
Mr. j. Randolph and Mr. J. Clay oppored this
by MIR Dana. ''''' '''4''e
When the motion to lirike on. the feaion wa, loe
without diyifon. i''s
The committee role aud reported the bill with f..
yeral amendments, which were agreed TO bv the
Houie and the bill ordered to be engroed for ,brJ
reading to-morrow-Ayes Sc.
lhe Houle reioved felf into a committee of ,bs
"hole--ME. TENNEY in the chair--on the bin 70.
pealng the act laying duties on falr, and coptin,,;n
IN ioree tor certain time the M feclon Of rho ~
entitled" An aa further to protea the commerce
ieamen Of the United States againa the BarL.
PoweFs'-as follows.
| SbGl. Belt MATED By tie Scvefe and Hort
prss7fafiVes Of The UnheiSfates IF 4sze,iee T., o.,
qe~bicd, That from and after the WS'y
day Of next. &, 49,. r.
act, or acts, as lays duty on imported GE y.
the fame hereby IS repealed, and from "a af,cy ~