Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1806-04-21

April ext, aud on the day of the snbscrip.
{ r;er. shaIl be resident in Europe, to re-
%eeive the interest on their stock, either IN
the United States, or at London, or inAm-
sterdam.
MIR. Yarnum moved to strike out the
Eth section.
This motion was supported by Mr.. Da.
yenport, and opposedby Mr. Randolph,
and disagreed 10 Ayes 81; Noes AZ.
On motion of MIR. ]. Randolph, the
compensation allowed to each OF the above
agents was fixed at 5000 dollars ayes
.A8
The 9th seclion was read az follows:
SEc4 s. AND BE IT FURTHER, ENACTED,
TIA, from and after the first day OF April
next. wherever il shall be necessary to Is.
sue new certificates, either in lieu of such
certificates of old six per cent. or deferred
ttock, as may be lost or destroyed, or by
reason of q transfer of such stock from
stockholder to another, or from the books
of an Office. TO those Of another Office !;
the new certificates, instead OF stating the
nominal amount of ste k which originally
was, but is 30 longer the sum actually dus
by the United Sta-es, shall exPrsss the9FGe
amount Of tie annuity due, at the rate OF
eitn, aper cent On the origina! amount eF
prncipal, az the time when it shall cease.
But all HE ether provisions heretofore
made BY law, and now in force, relative
to the said stocks, shall rsfaaln IN full force,
as il no alteration lad been made IN the
form Of the CO.. Iaestes: and such new cef-
,i6caies as nay be subscribed, in cooiorn-
ity wiih ,hs provisions OF This act, accord
ing to thsthep unredsrmed amount Of tbs
principal stock originally due
Mr.. Quincy m4vvc to strike this secti-
GA OUT, lander ,hs impression that it impair
ed the original contract bs,wssa the y.
States and the pubic creditors.
Mr.. J. Randolph vindicased.she section
against this charge.
Mr. Dana did not think j, impaired the
original contrast but considered it super
Roons, as ins Is opiri5p the power given BY.
itwas already vested by law 10 the officers
ct The treasury department when the
question was taken and the motion lost
without division.
Mr.. Randolph moved to All the blank
in that par. ef the bill which provides for
the enssfsionof three per cert. stock into
SIX per>cent.wi,h " sixty two and halls :"
by which he holder of every hundred dol.
lars 10 the threeper cent. ateck is entitled
go receive sixty two aud a half dollars Of
six par cent.
Mr.. Crswninshisld opposed this motion,
as well rs the p:avision for converting the
three per cent. into six per cent. stock un.
der the idea that II would Big injurious TO
the United States.
Mr.. 7. Clay defended the provision
asd made a detailed argument to shew
that i..wouid be beneficial to the Ua ited
States.
Mr. Dana declared himself 10 favor
Of sae proposed modification ofthc public
debs.
Mr.. Jackson spoke asaiost ii.
Mr.. !. Randolph advocated this psrs Of
the bill, And
Mr.. Crowpinshield replied.
When she question was taken Oh the me-
ton Of
Mr.. J. Randolph and agreed to; Ayes
81: Noes 34.
A motion made by Mr.. Mursfogd re.
quiFing the agents. before they enter on the
execution OF their Offices to take an cath
or affirmation for the di!igent execution of
their trusts, aud rsqniring them to give
bonds in one or more suri,ies, in the penal
sum Of 10000 dollars; was agreed to.
Mar. Dana moved 10 strike ost the words
marked ia italics in the following section
with a view OF restraining the provisions
OF the bill to the present three per cents,
and under the impression tea, in the new
stock proposed TO be created, the govern.
a'ent liberated itself from the obhga,ioa 70
nay certain part OF The principal and i'm
terest heretofore stipulated.
Sec. i. Be II enacted By TIE senate and