The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-01-11


Mr.. Aing moved to strike out the twelfth
section OF the bill, which reads as fol-
lows:
Sec IL Ind be is further enacted That il shah be
lawful tor the President of the United States or such
other person AS he shall have empowered for tia,
purpose, to employ, under proper Instructions 10 he
ey INN gwen, such part OF the land and naval forces
OF 'nc United States, or OF the militia thereof as shall
DC judged necessary tor the purpose of sng aud CO.
operating with the o.icers Of the customs anil all O Ia
er civil magistrates, in sezing and securing persons
engaged or suspected upon probable cause as sad
10 be engaged IN unlawful trade or intercourse with
the enemy as Aforesaid, together with the articles or
supplies or vessels, boats, vehicles or animals employ
ed as aforesaid, IN such trade intercourse.
lhis motion was negativcd by the follow
ing vote: Yeas 81, NAYS 90.
Several other motions were made hy Mr..
hing o. Ms. and MIR. HHson to amend the
bill, and negstived.
1t appearing about this time, owing to the
retirement OF number of members os the
HOUSE that quorum was not present, mo-
ZION was made for call OF the House
MT GroSVei'o7. commended that one DAYS
rotice was necessary to call of the house !:
the Chair MIR. Nelson, in the absence of the
speaker, from indisposition, occupying the
Chairl decided such notice was not necessa-
ry MY. Grosvenor appealed from this deci-
SION, which the House affirmed.
The call OF the house then took place. when
1t appeared that the following members were
present
Messrs Alexander, Aston, Anderson, Archer, A.
very harbour Bn,r, Barnet, Bnes, Bowen, Brown
Ciendenin, Clopton. Coms,ock Consrd. Crawford
Creighton, Crouch, Cuthbert Dana Davis of Penn De-
sha, hawaii Earle, Fisk of VT. Fisk of NJ Y Fornev
G G, ''onrd,n, Griffin. Grosvenor. Hale, Hail.
Harris, itaves, Hawkins, Hopkins of XIV Hubbard
Humphries. Hubert, Ingham, Irving, jackson NJ ".
johnson OF Va Johnson of KY Kent Of Md Kerr
heishaw, Kilbourn, King of Mass King ~ N c. Lef
isrts' Lcyett, Lyle, MCoy. Mkiro. Miller Moore,
Nelson, Newton, Orrnsby, Parker, Pckcns pIess,u,4
John Reed, Rhea Of Penn Rhea Of Tenn Rich. RIM
gold, Rusne, Robertson, Sage Scybert, Sl.,n Smith
OF Penn Strong, Sturges Tanpehl, Tsvlor. U,irce
no'e, Wariot n. j. Wilson Of Mass Wilson of Penn
Wood, Isncey--o2
The doors of the House were then closed
according to the rules of the Iause, and in
gress and egress forbidden, but not before
Two Or three other members had come in
some dinculty arose as to the Course now
proper to be pursued, as to compelling the
attendance of abseutees, Sc AT length. ON
motion of Mr. Xancey, it was ordered that
all further proceedings OH the call be suspen
ded; and
The bill which had been all day under de-
pate, was then ordered to DE eng:ossed for
third reading without divisional sufficient
number not rising to support the motion of
=
And the House then adjourned, il beipr
some time after night fan
, Friday. Jan. 6.
NATIONAL BANK.
hr. N'kee, from the select committee to
whom was recommitted the bib from the Sc
nate to incorporate the subscribers 70 the
Bank OF the U. States of America, reported
sunQry amendments thereto which were
read.
A motion was then made by Mr.. Robertson
TO lay the report on the table for one day. that
it might be printed for the more particular
information OF the Members which motion
was negatived, Ayes SO.
Nlr. -nAee. explained, briefly, the nature
ana amount OF the amendments now proDo-
sed to the bill. The first principle introdu1
ced into the bill, he said, was reduction of
the capital stock from ffiy to thru millions
such capital to be composed of five milf
ons IN specie, fifteen millions in Treasury
No'es' ten millions in stock of the u. States
created since the declaration Of the war
/ ne capital to be subscribed in shares of one
hundred instead OF fpe hundred each. The
payments of the subscription to be so appor-
toned that two-fifths of the amount of the
capital should be paid in at the time of sub
scrl0ing. This would bring at once into the
BANK, 1906, GOO dollars in specie, and the re
sidue IN Treasury Notes and stock, amount
ing totwelve millions in the whole There
was every reason to believe that this nav
ment could be made, at the time of subscrin-
ton, to the tuil amount proposed. IF SO. the
bans could forthwith 20 into operatiop and
ITS capital would not remain inactive as a
part OF 1t must do if less amount were
payable at the time of substitution. The
principle requiring the Bank to make a loan
OF thirty millions to the government Ia he
stricken out, and the provision respecting
the suspension of payments in, specie which
appeared inseparably Connected with the
compulsory loan, to be also stricken out
Inc immediate aid which the plan would
afford to the government, in addition to the
establishment of circulating medium Of nm
doubted credit, would be in the Issue and free
circulation of fifteen millions of treasury
notes, and the relief TO the stock market bv
the abstraction from it of ten millions m he
subscribed INTO the stock of the Bank. The
Bank thus to be established was predicated
on the idea of specie bank, on which ptjnci-
pie alone must forever rest a sound circula-
ting medium. There was no danger as had
been frequently observed, but, without a re-
QUESTION TO that effect i'll its charter, the Bank
"oulo' Tor ITS own interest, afford to the 20
vernment every assistance and accomnoda-
tion IN Its power. right was alsoreseryed
10 the government 20 subscribe, on it's own he.
hait and for its benefit, whenever Congress
snail authorize 1t by law, Eve millions tn the
stock OF the bank, payable in certificates Of
stock bearing an interest of four per centnn
MS stock 1t might sell at great advantage :
even during the present year, if the bank
l..11. 80