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

explsnation Of the provisions oe rs issNN-.rS
OF the advantage when II held forth tothe
public interest, &c.
Ms. Forsyth briefly stated the grounds on
which ne was opposed TO the fepor, of the
committee, and preferred The I'LL ints pre-
sent shape. III the amendments prevailed,
nc contended that the Viii OF the majority
would in fact be defea,-d sil bill passee, on
plan, otwhecb the majority had airead,- cS-
pressed their decided Misrepresentation.
Mr. ~ Nee spoke at some length in de-
tence OF the report, end TO shew lis SUPERIOR
ty To the present features Of the bill
Mr.. insersoH explained briefly why, al
though entertaining decided preference for
the bill, as 1t now stood, he should vote for
inc report OF the committee in all its parts !:
because, being the result of a compromise. If
i were not accepted, he feared no National
Bank would oc established, measure which
ne deemed 1t 5hs moment absolutely indis-
pensabie.
Mr. YGncey said he should give the report
his decided support, and regretted that any
OF his friends should act differently. He con-
sdered the proposed amendments highly ex-
pedient, &, withai, that, if theyuere not adop-
ted, no BANK could be established at this ses-
sion.
Mr.. Piikm in speech Of some length ex-
planned some reasoRs why he had be en- IN
auceo to compromises part of his own opi-
mons, IN agreeing to this report to which he
had acceded with some reluctance and for.
the success OF whici,h did not consider him
sell responsible. Being willing to lend his
aid to cxtricate the government FROM its pre-
sent nnanciai difficulties, he had agreed to
TINS report, which however he believed en-
braced much too extensive a scale forthe
proposed institution. He went into an exa-
inlnaton at some length Of the principles of
banking, principally to shew THAI forced
loan would be destructive 70 the ability an.
prospect, cf any bank.
Mr.. ForSyfh replied at some length TO some
OF the objections which had been made 70 the
BID as IT now stands, and in vindication of his
own opinion; and
Mr.. PcaFs9n added few words of expla-
nation IL reply to apart of Mr. Forsyth's
speech.
The question being taken, after nearly two
hours debate, on the first amendment report
ed by the select committee. was decided as
follows Yeas l2e, NAYS 81.
me other amendments, as indicated a.
Dove IN Mr. N1'Kee's reraarks, were then al,
agreed tp-among them being am amend
ment to postpone the openingof the books of
SUBSCRIPTION 70 the taSf instead of the second
Monday III February 80
a motion was made by Mr. CASTOR further
to amend the bill by striking out that par, of
tue amedmeut describing the (warl stnck
which shall be subscriba6le to the Bank and
inserting N lieu thereof, "or in any Of the pub
lIc debt OF the U. S drawing an accruins in
tereSS OF SIX per centum per annum, cen
tracted or TO be contracted by virtue Of aDy
act OF Congress - which motion was MEGA :
tiyed. 81
Ihe 6iH az amended qyas then o7dtred with
oftf a aFOiSi'7, TO be read third time to-anoy-
rOzv.
The bill supplementary to the act for set
TING the fazoo Claims, was received from
COMMITTEES appointed by the House on that
subject.
| The House determined to agree to the con-
| terence asked blythe Senate on the Disagree
ing votes OF the two houses on the oil for
taxing certain manufactures; and Messrs.
Fisk of ~ Y. Archer and Oakley were an
pointed the managers thereof on the part Of
| this House.
And then the House adjourned.