Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1811-03-01

Masseua would soon capture Lisbon.
and seize all caar Game in;o port, pre-.
vented purchases for or 8 davs-a
bout the same length oftime that. Ii,
dreadful shock of this banks dissolu.
ton will continue : At Baltimore,
however, gress part Of an order fos
$4,000 barrels had been executed az
ten dollars per barrel Mr.. Orr (ofI
Philadelphia was cettaialy erroneous
IN saving. all confidence was destroy
ed" There was surely little still
remaining Hemp had fallen, be.
cause of the large impcrtations this
year from Russia. and on account of
the quantity now raised iii Kentucky
and other parts of the United States
the abundance affected the price
not the expected uon-renewal. He
was sorry to learn from Mr.. Grice's
statement, that the merchant, of Phi
laaelphia had begun to bu Id ships,
which they could not finish, If the
bank should not be renewed
Gen. S. explained how the payment
of the revenue would be certain, at all
events. IF merchant did not paw
his bond, he should forfeit his credit,
and be ever after obliged to pay he
dutiesb fore hand. This was strong
elfec,ual pledge for his puuctuality. In
this way he refusei all the arguments
OF his opponents, especially those of a
commercial ns1re.
In exposing the mis-statements OF
the friends oil the bill, gen. S. read q
letter from the cashier Of the upion
Bank of Baltimore, rela i've to the ac-
ceptance of foreign gold; and Mr..
Lloyd read letter from Mr.. Sterrett,
Of the Branch hank, of different ten
dency. Gen. S. dissolved MANY other
faIlae;es, and held up TO view the vex-
atious conduct OF the United States
bank and it, branches
&C Last year, indeed, ne was not We.
~ squeamish about national bsnk !;
but, till this session, the constitutional
consideration never came so empha-
tically or directly before him. The
arguments ofthe honorable gentlemen
from Teune ssee, Virginia, and Ken.
lucky (Messrs. Anderson, Giles and
Clay) had, he confessed, n:de deep
impression on his mind. And so had
those Of the gentle man last up (Mr
Pope )--lt We practise on his doctrine,
we have no constitution except the
preamble.
''Mr. Brent followed general S. 10
speech iii favor of the bank !; of
course against the motion to strike
oct. Though l had heard much of
the learning and abilities of Mr.. B.
thought bis ingenuity was borne down
by bad cause. Mr.. u. declared that
Re felt the psinful situation 10 which
he stood, obliged by his conscience
and deliberate Judgment 70 vote con
traty TO the Instructions OF the Virgin
ii legislature Of whose consistency,
pure motives and patriotism ne was
flrgaiy persuaded. Analysing the con-
solution in his original method, Mr..
/. was satisfied OF the constitutional.
-ity OF the bank. 1t was necessar,
wh-n figs: established before so ma.
ny banks we're created and having
been once instituted it might be con-
tinuea. Some powers mus, be deri-
we'd by implication. Congress- had
the express pswer TO lay and collect
taxes; but there was no express pow
er to appoint an agent 10 collect them.
lfthen, ,hey appointed an agent, they
might establish a corporation for the
same purpose, &c. &c. Various other
views were taken, various expositions
made by Mr.. j. on the constitutional
Ivy and expedieDcy."