Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-01-25
CONGR ESS.
IN SENATE.
SATURDAY..

the report of their select committee on the
amendments received from the House OF
Representatives to the bill "to Incorporate
the subscribers TO the Bank of the United
States Of America
! On the proposition to make the fixed ca.
pital of the Bank thirty fve (instead of
! thirty millions. as proposed by the House)
there we're
For the increase-Messrs Anderson, Bar.
bour. Bibb. Chase, Condit. Giles, Kerr.
Lacock, Morrow, Roberts, Smith, Cai.,
Taylor, Turner, Varnum, Walker, Wharf
toni.
Against it-Messrs: Brown, Daggett, Da-
ma, Fromentin. Gaillard. Gernan, Gore,
Horsey, Hunter. King, Lambert, Mason,
Thompson, Wells.--i4.
On the proposition to encrease by FIVE
millions the amount of public debt on war
stock to be suoscribabe to the bank, the
vote was precisely the same as the above.
After making further progress in the dis,
cussion. the Senate adjourned before they
had gone through the bill.
Monday, Jan. Is.
The Senate were engaged nearly the
whole of the day on the amendments to the
National Bank bill which subject they fn>
ished just before adjournment. They have
agreed to the amendments of the House, a.
mended By increasing the capital five MILL.
ons, so as to make it thirty-five. and rein
stating the section to authorize the bank, in
case of necessity, to suspend payment in
specie.
Tuesday, Jan. IL.
Mr.. Frcmentin of Lou. presented the De-,
tition of sundry midshipmen in the Navy of
the United States, demonstrating against
the practice of promoting and Co u mission.
ing sailing masters TO the rank of iieuten.>
ants in the navy which was read and re.
ferred to the committee on naval affairs.
Nc. Giles, from the committee on Mill.
try Affairs, to whom was referred the re-
solution moved by Mr.. Narnum, proposing.
to detach body of militia Tor nine months
service, reported the following resolution,
which was read:
Resolved. Thatit is inexpedient to pass
bill for calling forth the militia upon the
principles of the said resolution"
The senate resumed the consideration of
the subject of the Bank bill.
Various Questions relating to the amend
ments and re amendments to the same.
were decided by the yeas and nays among
which was the following
On the question 10 reinstafe in the bill the
| section authorizing suspension, in certain
| cases, OF payment in specie BIZ the Bank
/
| OF Representatives the votes were as fol-
! low:
For retaining the section. Messrs. Ander.
| son, Barbour, Bib, Chase. Condit, Howell,
Lacock. Morrow, Roberts, Robinson. Smith,
TAFT, Taylor, Turner, Varnum, Walker,
| Wharton--l7
Against it-Mcssrs. Brown, Daggett, DaA
| ia, Fromentin,, Gaillard, German, Giles,
| Gore, Horssy, Hunter, Kerr, King, Lam
bert, Mason, Thompson, Wells-l6
The Senate having then agreed to some
| and disagreed 10 others of the amendments
| of the Housr, tlie same were returned to the
! house,
| Thursday, Jan. 10.
After disposing of some otner matters
The Sen2re pr ceeded to the consdera.
| ton Of the message from the House announce
ing Us disagreement TO the amendments of
| the Senate.
| THE state of this question is so intricate>
| ly interviewer with matters of form and
! technicalites. that we shall, in describing
the questions which came up to-day dis.
regard the mere form of them, and endea-
vor to present our readers with the suo>
stance
The first question was the proposition
| sent from the Senate, to which the House
| hdo W Tic CdpGdl OF
the Bank five millions, to be subscflbable
in public stock created SINCE the war
| On this proposition Mr.. Bibb proposed to
| insist.
| This motion was supported by Mr.. Bib,
| MIR. Smith, Mr.. Roberts and Mr. Taylor,
| and opposed by Mr.. Barbour, Mr. King and
| Mr.. Giles Tbs able debate turned prin-
cipaly on the merits of the specie>payment
suspending section Ito which also the other
House had disagreed) which was consider
| ed as Intimately connected with the guess
ton Immediately before the Senate.
The frst named gentlemen insisted on
the advantages to the government from the
encrease of the capital, and also from the
! proposed power to suspend payment in spe-
| Gle, without whiGh, it was said, the opera"
tons of the bank must, tor some time at least
| be greatly restricted, &c. and wholly USE
| less to'the Cover. ment. Mr., Bib, Mr.. Re-
| berts, and Mr.. Taylor intimated, il the Sc
nate should yield these points to the House,
| that they should vote for the indefinite
| postponement Of the bill, under the impress
sion that it would be rather an injury than
benefit to the community to pass il in its
| present shape
Messrs. Barbour, King and Giles urged
the recession of the Senate from these a..
mendments. principally on the ground Of
necessary concession (although the two lat-
| ter gentlemen objected to them on priucI-
pie also) which it was said the