Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-01-25
Mr. Hawkins OF Ken denied tha ano,icn.

cility o. the rema ks of Mr.. M'Kee to the
amendments of the Senate. The only ques-
ton. since the Ssoate mad agreed to expunge
the condition OF permanent loan to the
government was, whether the Senate should
be accommodated by increasing the capital
ct 'he Bank by the addition thereto of five
millions /; tor, in fact, tn, retention of the
clause authorizing the suspension of specie
payment was immaterial, unless that it is
more excedient to incorporate such pro,
vision ut once. than yield il to the impor.
tunity of the Bank hereafter. For lie had
no douD,, if the war continued. the bank
must sooser or later suspend specie paw.
ment-eyen the banks of Kentucky aad Oh;o
(where specie abounded) had at length becn
compelled IN self defence to stop payment of
specie. The advantage TO government in
The proposed Amendment, Mr.. II. areueJ.
would be touGd in the taking out of the
market so much more of the war stock. &c.
Something, he contended, was due to the
Senate, in the spirit Of accommodation which
that body had exhibited in Welding 80 far IN
the wishes ot the house, as to accent the
| greater part of the amendmen,s--and par.
Hcuiariy inasnnch as, in several cases of
Hifference with that body, thu house had ex
ntoted much pertinacty in adhering 10 its
peculiar opinions, SIC. &c. lie treated as
altogether ideal the argument of danger
10 the existence of the Republic from the
refusal to incorporate bank. He had. he
salj, higher opinions OF the destn;es OF this
government, and fits durability and ability
to overc5me every difficulty opinions which
Sasned ground by every days experience,
&c Re
! Mr. Stockton of n. j. rose to saw. that he
! AMI those with whom he had acted, in the
| concessions they had made relative to the
features OF the bank bill, had gone as far as
they could 20, and further than they had
! originally intended, in order to conciliate
with gentlemen on the other side of the
house. Af,er they had done this, it could
aot be expected. be said, that they shau,d
recede. He wished it therefore TO be M.
ders,ood, that whilst he should BE- happy TO
pay all due respect to the other branch Of
the legislature, it could not be expected
that they should yield up to them their hon
est convictions; and, therefore, that they
conld not yield their assent to the amends
| ments of the Senate.
Mr.. Wright of Nd. made a speech or
| some length expressive of his hope that
spirit Of accommodation would have induced
the house at once TO have acceded to the
ameSdments of the Senate, which he deem.
ed advantageous He considerable particu
larry important that provision should exist
70 prevent the agents or friends Of the enemy
from drawing all its specie from the vaults
OF the bank. The state OF war he consider,
ed as changing essentially she usual state of
mercantile operations, aud requiring from
the banks suspension of payments in spe..
Gle. He concluded his speech with the fol.
lowing quotations from legal authorities -
Inter arma silent Ieges ncceSsitas non hQ.
bet iegem
Mr.. GTcsvenor Of n. Y after rsmarking
that he felt not at all encumbered by the
shpuIatlons of compromise, inasmuch as he
was not party to it, having voted against
the bill, proceeded to assign the reasons
why he should vote for this amendment He
fouod himself obliged to do so from regar d
70 his own consistency FOR, though he
doubted # The efficacy Of any bank that could
be established he was pretty certain, that
the plan of thc bank would be improved bv
the addition to its capital proposed by the
Senate,
Nh. Forsyth of Geo. advocated at so,,a
length the adoption of the a,oendmer,s IS
the Senate. He believed the addition of fiy.
millions To the capital of the bank. womb
operate as benefit to the government bv
taxing so mucA OF the stock out of the ynsr,
tet, &C lie denied the necessity. or evcn
me proprlety, OF any part of the hnvgc sa
crihcinE their views OF the nationa, interest
10 any ideas OF compromise or conci,iation
Vt least, he diSclaimed, for himself tho
operation OF any such Consideration on him
Mr.. Cu.hbcrt of Geo made a sneecb of
some length against the amendments ofthe
senate lie considered them as insepara-
DIV connected with each other. and b.ina
so, We WAS altogether opposed 70 them
10 INC amendment now under considera.
ton ne vas particularly opposed, because |
oy extending the quantity of war ,tock 70 |
De purchased, the ability to purchase tr-a- |
-ury notes would be go far diminished and |
ne immediate benefits to the government, co |
ar curtailcd. Mr.. C.. also dwelt win sorns |
emphasis on the propriety of carrying into
rec; Ill COOL faith The compromise. by the |
aid OF which the bill had passed this bonse
~ the form in which IL had been returned RI |
the Senate, &c.
Mr.. FORSYTH denied the operation ON hin,
or the compromise alledged to have taken |
place IN regard to this question. He vac
no party tn II. and was ignorant of its terms.
II the agreement had been in writing. he |
should Ike to see the names signed to IL to |
know who il was that was willing IN hind |
the solid interests of the country as a D-opi- |
vary sacrihce on tue altar of Cancellation.
considerable farther debate took pIace |
on tnis amendment, in the course of which |
Nr Hawkins Of Ky. Mr. Telfair of Geo. |
Mr khea Of Tenn. and Mr.. Aston OF n. e. |
A.