Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1816-03-13

lures VI tne Dill which gave the government
proper and necessary. control over the bank
de adyerted to the liberality which had been
manifested by the chairman who reported the
Dill. Mr. Calhoun> and thought the principle
OF accommodation might be carried too far-he
admonished gentlemen to remember the painte,
who Hat ered every body and pleased nobody
us tate would be that of the bill # the spirit of
concession was carried too far-and he could not,
Tor one, be SO far governed by 1t, as 10 give up
those powers which were necessary TO tie sslu-
tary management of the Bank, ard without which
IT would not be worth having.
Mt fF2ss could see no reason why the presi-
dent OF the Bank should not be selected from he
Whole twenty-five directors, # it was the object
In get the best man. 1t the President and Senate
appoint ID rector te most proper for the Office.
he would doubtless be selected bat If moi n;h,,
exciude the ht.est characters 1t would have been
just as well to contine the selection Of President
oil the United States to one state, though it might
nor contain person as we'll qualified as one i'm
announcer state MIR. r. called the attention of the
nouse 10 the Importance OF the office and duties
OF tie president of the Bank, and the absolute
necessity OF selecting the director best qualified
ouch course was congenial with our political in.
sueutions; although he believed the Bank itself
was by no means congeniai with the constitution:
DelnS, as he viewed it monied arstocracy He
condemned the policy of giving SO much add
Eonai slrength 10 the executive arm. Alexan.
In
ehce, would not hive dared to propose such n
grant OF power to the President, rs the control
ana regulation OF great monied institution. Mr.
K'concinded by saying he thought 1t would be
much safer TO adopt the amendment, and with.
hold from the executive SO important power.
&c. ~
Mr.. Calhoun rose TO make a remark or t,vo IN
reply to his friend (aIr. Robertson He almost
dispared OF The passage of the BILL after some of
me indications which he had witnessed and be
Ssl 10 doubt whittier any bill would pass al al
ON the subject For himself, Mr. c. said. hls nm.
xiety Tor tic measure was not extreme-but nc
lohS as there was lingering hope Of lis success
Shouio omit no effort to make 1t an eiIicient
remedy for the evils OF the present c,,rrenc,, -
Ii, after making 1t suit as far as possible the t,s+
ot every one, gentlemen determined to II
IL was time Tor them TO look out for sorne o,r..
euicdy. Mr. q. SAID, hefclt deeply the evil of
The disordered state of our currency. and the ne
ceSslty OF cure. In devising ttat cure. difGcuI.
| ties were 10 be -cxpected.-The direction of the
bahA ne knew mad been made sire ana nor, b,
| some gentlemen OH one side Of the house. and lie
/ was sorry to md 1T Vas one also With son,e ON
| me, ether. 1t was fate peculiar L, erre.t ma
/ slres, to fail IN Their details The obst,p,c, 80
gentiemen IN matters OF what they deemed orin-
1 ciPie, was honorable 10 them, but he feared Il
wouid De fatal TO the bill. He lainented 1.-THE
DISORDERS were so deep, so great thar iust;ce a.
tie country called for remedy at die sr6--oc
| the government lfgentlemen would se,;o,,sI,,
1 consider the character and power and nature of
ne evil-lwo hundred and sixty Banks iss,,i,,,e
almost as many millions of deprec .ated Daner0
.'sy n'ilSt see The necessity of Cooperating m The
measure meas OF Fei'et The necessity for union was
b'eas "uu urgent, Tor the disease was almost IN
curapie-lt vas leprosy ON the body polit,c.-
| &c. r
Inc question Was then taken On Mr.. Smith,
mouoh, and cMred-ayes 80, Nays rs.
After @ome further amendment, affecting no
| primo. pie ~
MIR Randolph moved TO add the word ,,ot;7,s n
me clause Which limits The choice OF d.rec,or,
" 0'''NeiS OF the United States which motion
Was agreed 10 without debate-aye, g.
After he committee had proceeded to tbc
Clause, which provides for the Appointment Of
Directors tor the Branch Banks, which cl.uSe
ISewise restricted The choice to citizens of fine
U. S,atcs - 'he
Mr. JesveH moved that the word slati,,e be in.
serted also IN that clause, soas to limit the an.
pointment to nGttUe citizens.
Mr. Calhoun objected TO the amendment II MO,
the ilrst time i've SAID, that any ATTEMPT had Non
mace IN this country to discriminate between
native and naturalized citizens. The conet,tnii.
on recognised no such distinction. excent in tba
euSoliIty TO the highest Office in the government
ana ne could see no reason for INTRODUCING nm
lhis occasion so odious and unprecedented q do.
tuctIon us
Mr.. Randol& in reply, spoke at considerable
lcaSth IN support Of the motion. He nve,pbed
WIN much acrmony against the whole class If
naturaized cltlzensi attrbuting TO them the de-
ciaTaton OF war, and almost all other poI;t;c.1
evils and maintaining that they ought 10 he adj
mitIed only on the footing ofdenizens. without >.
ny participation in the councils of the ct,,,t,y
ana lne benefit only of pro ection during rood
behavior, &C. 6"ou
Mr.. Urisdt replied with warmth to Mr. Ran.
dolph after which, van
lie question was taken on Mr. Jeweft,s mot;
on, and lost without division
Mr. onuh OF Md. then moved TO strike ont |
that part OF the 18th section, which gives the PEE
s'dent OF the United States power. dur,n,, tbo |
recess OF Congress, on the application az The !
stockholders, to authorize the Bank In e,,s,,oaI
the payment Of specie
Mr.. Caht0n after admitting the proorietv &c |
the motion, SAID he had no objection 10 extenI |
II TO the whole proviso of the section go 40 90 |
deprive Congress, as well rs the President oFtbe
power to suspend specie payments.
Mr. Forsyth opposed tbs proposition. and Mr. |
RdHd0ph supported it after which
ne committee rose, reported progress and |
and obtained leave to sit again. "'''
The house then went into Committee of a.. !
whole, Mr.. Forsyth N the char, ON line repnr |
OF the COMMITTEES Of ways and means ON ,ha
me dmenis the Senate to the blI,nskino ann,
priatlons for the ordnance Accommodated
Sena'e's amendments were agreed 10 by the cor.
mittee Of The whole, when il rose and
The house adjourned
IN SENATE.-March 4.
Mr.. 1tgor, from the committee Ia whom wos |