Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1810-05-04

strike out the 6rst section --he Was opposed
TO the proposed plan, as it opened door tor
Immense specuiauon, and wouid make {: .
people "raving dlstr acted'-hc was tor IA
simple removal of the charter OF the bank
of the Umfed States upon terns.'
Mr. Pickering advocated the motion 10
strike out. az A
"Mr Brent was in favor of renewal of
the charter-he supposed the constitutional
question To be settled, as the present adinn-
Histratoa had passed certain laws ia favor of
the bank he thought the iaslitutisn had
a political influence, aud that the direc-
tors had used their situation 10 effect pvii-
teal purposes; that, on the celebrated treaty
question, they had exercised an undue IN
Ruence TO pressure its ratification 0e., all
these objections standing, ne was TOR
a renewal of he charter, under certain mo-.
uiiicativis, as it was interviewer IN our sys-
tenn, and had become necessary to the go.
vernment. rs
Gen. Smith was against the molten to
strike cut. He Was friendly TO national
6ank, and urged many reasons for 1t. He
considered the pro bent bank. as having a
political bearing IN favour q one, and a.
ga,nst the ether parH; am adduced the
political complexion of Sireqors IN tue va
r,ous branches as evide6Ssbf the correct.
ness ofhis opin ON (; all o, hem, with "a So
iitary exception IN thus N vet, being of the
federal party.
Mr. Bsyard argued : considSrable length
agalnst The motion ne rcoutieU tsc opinion
which had been thrswa out. thai the pro.
ject submitted, COT a national bank was a
caimera. Il had grown out OF report OF
the secretary of the treasury, whose Talents
ttr.. "a 49, "a. = y
examination Of the various parts of .hs bill,
10 snow that there was nothing chimerlcai
IN the system.
MIR Leio expressed some embarrassment
how tovo.e ON the question. Hs wa. against
renewing The present Charter, or granting
anoiher. Hetuousnt Congress mad no pow
er 20 ieglsi ATE on tns suojec, He could not
assent % tne doctrine that the question was
sett.ed-te could not conceive tnaS a former.
act OF Congress cou.d icyeeim,ze any suose.
queut Que, contrary TO the provisions or tue
constl;u,iih. w 81 was wreus yesterday,
said he C Anaot De risat 20 day .e.,ru.h aud
priHc PIE are eternal and iinniulabis, and
canuot DE changed ny times * circuma aces.
lie was oPposeu to granting q charter IN any
shape or ior,a, and that 40 cons,dsrauon
should INDUCE nun to vote for IL. he
volld not DC brioed to til. tn thing
wire rIsnr and useful, 40 comp .nsa.,on
saouid &c ex.ortsd tor the grants=tne
pnoiic Interest should ne the rewara==lf
wi~,ss no indueemsnt should operate upon
rhc legislature. 10 sanction 1t.
H= should vote against striking out the
ssetion, because tue Question now was
between tne CHOICE OF pians; aad If bank
were to Dc estaoiisi1so, It ought to be /.
Eattpna one, uader tne dreLuon of the
tClr IN N Nr< h.
tn5nGlySrAmcnt mad no c0ntroui zzlhey nad
no S6} d'no influence in tn. direction.
He 4sslsneh various reasons why the 60.
vcrnncnt should have a snare in the d..
recton --ie Confirmed the statement of
Mr. Brent as 20 me inserferancs Of tue
directors In the great padtlcei question Of
liac British treaty, and added anorher Ia
stance OF the directors of the orsech oaak
n Charleston, South Caronna, NEEDING
IN psiiticai concerns. There, Oh a warm
J contested election, the fedsrallrts had
tneir Licke,s printed upon stained pager to
dist,nEu'sh taem from the ds.nosratic tick-
ets=oome OF ,hc directors Oftne branch
bank plan ncmseives at the Dolls. and
with memoranda DOCKS in their aan1s. 40.
ted the Names OF those woo did not vote
the cket upon ccloursd paper Z Facts
Ike these rend rea 1t indispensable, .,ae
sonfe courtroom over the INSTITUTION shouid
be exercised by the government MT oaiy
was 1t necessary TO prevent an improper
political inhaencc-out 20 insure due and
sale administration OF its adairs.
Mr. Pope advocated lac melton for s,rit.
Ing out Tor the purpose Of Introducing ,ano-
ther PROJECT, and extended the motion To
striking out all the sections out tue last.
Tie submitted ms, which went To a renew.
al OF the present charter, aiding to its
cspitai ten rEIiIlons OF dollars, to be SUD-
scriDed by tae Umted States--=four mill.
ons of winch were to be tor their use. and
Sax millions 10 be Distributed among the
states according to the ratio under the
next census. Fac d session lasted untJ
four O'Clock, wnen the furtner considera.
ton OF the bill was postponed. and the
senate proceeded to executive ous ness.
Wing.
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