Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-01-03

strike 0N& thai paEA - svnu - -
damcntal rules which restricts the
nav nsl,t cf the notea IN specie e
such s. arc prsseAtsd atsshs prinsi-
pas Baak.
The adoptisa 81 this Amsadment
was opposed n Mr. Archer, Mr..
Farsyth, Mr.: IiEhatn. Mr.. Haw-
kins and others, on the grouad. go
aernlly. tAsttAe provision would net
in fast be, eifsctual, because il would
Be il the powet cf the Bank, not-
sithstanainy saeh Provlsien, e issue
nets. payable at the principal Baak !;
but, IL it would be operative, its eff
feet would be injarioas in tho high
est degree, inasmarh AZ it would in
q very few days after The Bank sem
meHced operation compel il to cease
paymeatin spesic, ewing toits liabi-
iity to pay it at 50 many points, and
the great demand fer specie now ex I
isfiag. and I;Aely ts continue during
the war, to the end Of which this pro !.
position was limited.
The appointment was supported by
MIR. Sharp, and Mr.. Oakley Of N.
Y. and others, On the srsuaa princi-
pally, that itwouid he Infinitely bet
ter that the notes should bear on
their face their aetuas value. and
place sf payment, than that they
should purpsrt ts be payable at pla-
ess at which ia fast they would not
be payable in specie. lf made pay
able at Philadelphia eaIy, the per-
sons receiving the paper would knew
its real value, ssd net uader q deeep-
tive aspect or being payable, at any
Of the branches. where in iact no
payment in specie WAS to be made
Go. 1t was also objected TO the bill
as il new staads, that it would drain
all tAe specie 10 the country. to az
emulate ii at Philadelphia.
The question cd the amendment
resulted by Yeas and Mays as fol.
lsws:
Fer tho amendment rs
Against it IS
The Speaker fMr. Chsves) aeeid-
ed it in the Affirmative by his casting
vote.
Mr. Farrow then moved to a
mend the bill by striking cut Sc
much as describes the stock to be
sabseribab'c, xnd Inserting ia lieu
thereof provision limiting the pri-
vilsge ofsutsrription iaihs stock si
the Baak, to sueh public debt as
shall be hersaf tsr contracted.
This molten was opposed by Mr..
| Iagham, and Mr.. Forsyth & ethers.
and supported by Mr.. Castor. Mr..
Oakley, Mr.. Peter aud others. The
latter gentlemen tsek this occasion
to make q speech Of SOHO length a.
saiast The bill generally.
The question on Mr. Farrow's
metion, was after q warm debate, al
ieagth decided as follows:
Fer the melton 65
Asaiast 1t IS
MIR. pitkin Of Con. then proposed a
farther amendment to the bill, viz. to
strike cut the word Fifty, SO as to
leave the ameuat Of the capitol
blank.
The previous question having been
thereGpon demanded by MIR. Harris
OF Teas. and supported by su;H-
cient number, viz. rs for il, Sc a.
gsiast it.
DIR. Webster OF N. H. moved TO
lay the bill on the table which nae
ten was aesatissa, by Yeas 4 Nays,
by the following yste
For the motion Sc
Against it SO
Another molten was then made
to adjourn, snd negatiyed.
The isrevIens Question was then
put ia the usual form-" Shall The
mails questions be Hosc put e'' and de-
cideA as follows
For putting the main question So
Agaiastit IS
The question on erdsring the Dill!
to third reading, WAS then decided
in the Affirmative without q diyi-
siea
On the questipa when the hill
should he read third lime, ts.mer-