The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-11-22

uois 90 II WINCH ne wished an opportunity 20
submit. he hoped, before deciding ON a sub
Ject like this, the house would take due tune
to deliberate on a proposition TO throw INTO
circulation Fifty millions OF Treasury Notes,
trusting TO the bank for their absorption
MIR. Shar1l IF Xy. slid he hoped the com
mittee would not rise lie wished before ris-
ing, that they would dcUide upon the propo-
sluon before them (; not however for the rea-
sons expressed by the gentleman from Peun-
sylVan,a. He did not, ike that gentleman,
conceive that the decision on the amendment
could affect the loans for one,i he said, he
protested against loans made, or TO be made,
on the expectation of the creation Of bank
To give bonus TO the holders OF public stock,
III ADDITION TO that which they had already
contracted TO receive from the government.
1t was important dat some decision on this
subject should immediately take place, which
had been already three days debated and
he knew of no plan which would be so opera
tive as that now proposed by his friend from
South Carolina, whose arguments, he said to-
Sether with those of his colleague fMr
Lowndes) were something like mathematical
demonstration.
Mr.. Oakley denied any weight TO the re-
marks OF the gentleman from Pennsylvania,
and allowed almost as little to the argument
OF Mr.. Sharp that three DAYS had been cons,,-
med III the discussion of this subject. lie
Sitouiu ipi blS part say tlat three weeks
might well Dc employed in the discussion of
project for establishing bank with CAPT.
tai of fifty millions of dollars-a capital silffi-
clently large to influence the Gcstnics of this
nation to future ages. He was friendly to the
main principles of Mr.. Cahoun's proposition
bat he was not certain but there might be ra-
dical objections to some Of them. He hoped
some indulgence would he afforded TO those,
who, like him, wished to deliver their opinions
on this subject
Mr. Inghom remarked, that the House had
been sitting here nine weeks, and not sim
gle measure had been definitively adopted
tor the support of the public credit Delay
and representation had taken place day after
day and if the house we're to wait until evel
| ry gentleman was satisfied ~ to every word
and letter in a bill, the House would never
| get through one. The very suggestion of
such an amendment as that now under con-
| sideration, would, he said, produce i'll CON
| sequences. 1t ought to be determined, there
| fore, as early AS possible. He did know that
| speech (Mr. Jackson's) delivered IN this
house had depressed the price of stocks in Phi
! ladeiphia iull two and a half per cent. The
! proposition now before the House, he feared.
would depress them still further and, when
the public stock was in n state of depression,
gong down, down, down, he was unwilling the
House should take any course which should
still further PROSTATE it.
Mr. Fisk hoped the committee would not
be induced TO rise at the early hour of three
O'Clock, by the old plea Of want of time for
cons deration. twas important now to act,
and that the'whole course of proceedings of
the House should be reformed, and one Of
greater energy and promptitude substituted
MIR. GrosUenOr said this was no ordinary
subject on which men could make up their
minds IN moment; and although some gen
tiemen might be prepared Go vote on it, he no.
| ped they would allow some time to those who
| desired to reflect before they voted on a cues
| ton OF so great moment.
The committee then rose, reported pro-
gress, obtained leave to sit again; and
L he House adjourned.
Thursday, .VoD. II. ;
Mr. Pleasarts Of pa. from the committee
on Naval Affairs, made report unfavorabe
to the allowance o. bounty for the destruc-
ton OF vessels of the enemy at sea.--Cr5ered
to lie on the table
On motion of Mr.. M'Kim of Md.
Reeofued, That the Judiciary committee
be directed to enquire into the expectancy
and necessity of providing by law for the
punishment of persons voluntarily holding in
tercourse with the enemy without the permits
sion OF the government.
a letter was received from the actiaz Sc
cretary OF State, setting forth that all the ma
terlal papers in that Office were saved on the
late incursion Of the ENEMY in this district.
Mr.. Wright moved that this report togo
Their with all the other letters received from
other Departments on the same subject. be
entered on the Journal of the House. Tie
motion was negatived
NATIONAL BANK,
The house again in committee of The whole.
MIR. Nelson in the chair, on the bill to incor-
porate the subscribers to the bank of the u. S,
of America.
The important amendment yesterday pro-
posed by Mr.. Calhoun to the bill, being
still under Consideration
An aT' ndment was moved thereto by MIR.
Fisk of n. Y. and accepted by the house au-
thorizing the receipt Of foreign gold or silver
coin las well as gold and silver coin of the
y. 81 in payment for the subscriptions to
the stock Of the Bank at certain rates express
ed in the amendment
Mr.. Wright Of Nd. in the course OF few
remarks on the motion of Mr.. Calhoun, ex-
pressed his appreciation Of the principle, and
ayowed decided preferece to the plan it en-
braces over that contained in the original
bill.
Mr. SHARP Of Ky.mo to amend the bill
50 as to preclude any thing but Tr asury
Notes from being received in payment of the
jorty.fo1r millions, which are now proposed
to be payable IN $hecte or in Treasury Notes
His object was to prevent the latter payments
into the Bank from being made by the aid of