Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1813-02-01

"'"tCu Or NiN purpose, attCr Satisfying IN
sums necessary for the payment of the interest
and such part Of ihs principal of the said debt
as the United statd8re ~ pledged annuall
to pay or reimburse Us hereby pledged and sp
propriated for the pAymenttef the interest ant
for the REIN bursen'eot of tn principal of tho
stock which mSv be-created a virtue of this
act it shall accordnglyM theAuty of the com
missioners of the sinking fund, to cause to be
pplied and paid out OF the said fund, yearly,
such sum and sums, as NAV be annually wanted
to discharge the interest accruing on the said
stock, and to reimburse the principal rs the
same shall become due, and may be discharged
IN conformity with the terms Of the loan and
they arc further authorised to apply from time,
to time, such sum, or sums, out of the said fund,
as they may think proper, towards redeeming
by purchase, and at price not above par, the
principal OF the said stock, any part thereof
And the faith of the United States is he, eby
pledged to establish sufficient revenues for max
ing up any deficiency that may hereafter take
place in the funds hereby appropriated forpay-
ing the SAID interest, and principal sums, or =
ny of them, in manner aforesaid.
Sec. 5. and be it firthe, enacted, That it shall
be lawful forany of the banks in the District Of
Columbia, to lend any Aart Of the sum authoris-
ed to be borrowed by Virtue of this act, any
thing in any of the3ficnsrters of incorporation
to the contrary Notwithstanding.
The question having beep stated on the pas
sage of the bill
MIR. Gold and Mr.. Pitkin each spoke at great
length in opposition TO the bill
The question was then taken or the passage
of the bill, and decided rs follows:
YEAS --Messrs. a ston, Anderson, Archer,
Avery, Bacon Bard. Dasset, Bibb, Backledge,
Brown, Burwcil, Butter, Calhoun. Carr, heves,
Cochran, Clopton, Condit, Crawford, Cuts, Da,
vs, Dawson, Desha, Dinsmoor, Earle, Findley,
Franklin, Gholson, Goodwin, Green, Grundy,
Hall, o. Dall, Harper, HAYES, johnson, Kent,
King, L'cock, Little, Lyle, Moore, M'Coy, NJ
Kim, Mitchil Morgan, Morrow, Nelson, New,
Newton, ormNss, Dickens. Piper, Peasants,
Pond, Ringgold, RhSftson, Rea, Roberts,
sage, SAWYER, SevWSeybert, Shaw, C. Smith,
j. Smith, Stow, StrSas, faliafcrro, 1'roup, Tur.
ner, Whitehin, WidgcSy,. wright-72.
AYS-Messrs. Baker, Bigelow, Bleecker,
Boyd, breckenridge, Brigham, Champion, Chit
ten, Cook, Davenport, Ely, Emott, Fitch, Coll,
| Goldsborough, Gray, fluffy, Jackson, Lewis,
MBryde, Minor, Mosely, Sitkin, Potter, Quin-
c:y, Randolph, Red, Ridgsly, Summons, Shelf
| fy, Stuart, Sturges, DagsarA Tallmadge, Tall
man, Wheaton, White, Nilson-38.
So the bin was passed and sent to the Sen
ate for concurrence.
On motion of Mr.. Cheves, tbe House resolved
itself into a committee of theV&hoie on the bill
reported by The committee of sys and Means
=
| the servise OF theayear 1852
/ lrhe BIZ AUTHOR Ca the President of the U
States to cApse 70 bSissNed Treasury nptes t.
the amounte five mlioas of dollars; sfi also
The shall dam it en- edient, to issueh firthe
mount not exdee ling&,e millions 81 dollars
provided the amount igsu& uyder tie latte
provisi@ shall deemed md held to\be il
part ofJhe loan & sixteen millions of dollar
authorised by Ne bill passed this day. STh
notes to bear interest at the rate of FIVE and TIVE
hfths per cent pc annum, to be redeemed on
year after the day on which they are respec
lively issued.
The bill having been read through by sec
tions, and no objection having been made there
to, the committee rose and reported the bill.
the bin was. ordered to be engrossed for
third reading w3houAa division.
And the House adjo0Aed.
The bill for buldia a frigate at Philade
pria, 10 be called thet Pennsylvania, and a 9
gun ship at thefort of Presqu' Asle, to be Gale
the PresqH Isle,-the latter. ~ &c ready by Il,
Isl July, and the ormer by the first OF Decen
Der next, and to be offered to the United State
has passed the House OF Representatives
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