Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-03-09


and attempts were iaade to remedy the |
defcts, but in vain--Ihe p per deprc ia |
ted from s TO 10, and from 10 to Is per
cent. and finally, by the Jungle. the peo-
pie OF the state lost, how much he was |
not certain, but great amount he knew.
So It would be, he lid, with the plan now
contemplated, if not amended and It the
objections TO 1t were not obv,ated, he should
be Compell.d to vote against the bill, al
though he was strongly in favor ot a bank
OH proper principles II passed in its
present shap., it would entail evils on the
country, which money could not compen-
safe, &c.
Mr.. ROSS advocated the molten to a
mend the bill. de did not believe, as had
bec' argued, that a participation in the
Bank would strengthen the arm of the go
vernment or be very profitable. If nov
ever the arm OF governm ut was to b..
strengthened by weakening that of the Cit
izens, aud I'm ting with priviledged arts
tccracv. he WAS decidedly opposed bit.
IL did not wish the government tobecome
partners in such a privileged oder. II
the reasons for retain:ning the principle in
the bill we're correct he thought the pro-
portion allowed too small it government
was to derive this great profit from the
partrip ttion, It's share was net great {
nrugh. It had been,s1d, that the influence
Of one bank, Che Manhattan) could have
prevents. d the election of Mr.. Jefferson to
tie Presidency if that bank had been I'M
der executive control, he believed its pow
.rwou.d have been eXcvted. This was a
proof uf the danger of giving government
great Influence in such institutions. He
was opposed TO the plan, chiefly from sih
OBJECTIONS to joining moried aristocrscy,
and his fears that it miehroperate inluri-
sl,Ff -. f1fal tf.at.f . Inc
M. Gollsbor.ush maAc a few remarks
Oh tie motion. Ii tie provis on was in
serted as al apology for the appointment
OF the FIVE directors 10y tn" government,
then he was opposed TO it; but, fit would
bs as profitable as was predicted, * would
enable us to dispense with soneof the OK
listing internal taxes, he should he glad to
vote for it. a good bank, Mr.. G. said,
would be very seryiceable'; aid he should
vote against the motion because he cou Il
nct see that any harm would arise f. III the
nation particip ting III a pcCuuiary estab-
lishment, &c.
The question was then taken on striking
out the provision, and decided in the neg
alive. as follows:
For the ndment SO
Againstit 81
The committee of the whole mad. fur
ther pr g'ess i'll the bill, (the p,rticulars
OF which we have not room for io-dayl and
obtained leave to SIT again.
The bill in addition to the act establish
ing the Post Office es,ab ishment, passed
through a committee of the whole, Mr.
Root in the char, and WAS reported to tie
House--and
The House adjourned
Friday, March l.
The motion to amend the Bank bill, by
striking out ,ae prov sion which allowed
the government TO subscribe part of the
stock, having been rejected
The committee of the whole house pro-
Ceeded with the consideration OF thc rest
ct the bill.
Alter the adoption of some verbal a
mendmenis
Mr.. Wright moved to substitute Wash
ington city for Philadelphia. as the place
to which to return the books, &c TO
place the bank at Washingtun.) MIR.
w sad, having a stro"g desire thet the
bill should pass, and Knowing some to
teei a delicacy III supporting i, from
eonstitAtionai scrupitS, he Thought 1t
better to fix the bank where there could
De no objections IN that score, and VIII re
so Its operations would be facl tated.-
washington is the seat of government of
the nation, and here, he said, it would
be under the eye of ,the government,
where th2ie would be less danger from
50 great a monied aristocracy, and the
national int. rest would be better guarded
than at any other place. Mr.. w. said it
was rot his purpose to anticipate objec-
tons to his motion but the principal one
he knew to be, that a sufficient number of
p -rslns could not be found at Washing
ton, qualified for directors ; the force OF
TINS ooJ Ction he denied in the extent to
which it was urged in the city and
neighboring county he was convinced
there would b. found abund ant Ia ents
Tor managing the concerns of the bank.
he people OF this district, moreover,
deserved highly OF the government they
had, III time OF need, done as much, or
more III proportion TO numbers, to aid IT,.
c. untry, th;n sny otl.er sect:en of the u
II on. Mr.. w. adyerted to the source
whence the bill originated, and insnu4 TED
that much of the ground for recommendin,
Phliadelpma, must b. attributed to the par
tlality of those who had named that city
~ the bill; and concluded by say,n that
e motive for fixing the old bank of the
United States at Philadelphia, was the
same that ought nov to place the pr, sent
bank here, to wit, that it is the seat of 90
vernment.
Mr.. Robertson said he conceded with
the gentleman in some OF his views. He
could see no strong reason for prcferrhg
Philadelphia because il the object was
select CITY on account of its commerce,
Philadelphia was not the most CONNER