Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1821-01-16

The Senate took up The bill reported
by the committee on Finance, la amend
the act to incorporate the subscribers Ia
the Banh of the United States, {proposing
penal enacIneDis against violations oi
their trust by officers Of he bank or lis
branches and authorizing the appoint
meni Of two officers 10 sign The notes OF
lie hank, instead OF the President aut
,Csshier.)
Mr.. Sanford laid before the Senate. in
speech OF some length, The views which
operated on the committee on finance in
| recommending this bill the reasons IN
| favor ut lis provisions, and those which
mdu, cd the commiiice not 10 recommend
the other two objects peiiioned fox by
! the Bank
Mr. Roberts MAYED 10 amend the bill by
| adding thereto The following sections
Secs Be Il further exaeted That the bills
OF notes OF the Offices Of Discount and Deposi;
OF the said banks, excepting those OF the o..
nee in the District of CoinmbiA originall,
| made payable. or which shall have become
payable o" demand shall be receivable IL ali
payments 10 the United States, only in the
states and territories in which they are pay
able, and IN The states and territories IN which
| no Once OF Discount and Deposit shall lee es-
tabilshed; any Thin: in the fourteenth section
of the act Incorporating the subs ciber. 10 ~.
| bank OF the United States, to the conirarynot-
withstandipg Prorided That all notes OF the
| denomination OF tive dollars, issued either by
! the bank or amy ut it, ofFiceS al Discount aud
| Deposit, made payable on demand shall DO
| receivable At the bank any 81 its Offices
And protided further, That u shall no, be laws
! fi' tor the ar, clnis OF the said bauk to es-
! ciish moro than one office OF Discount and
Deposlie in any state. without tire CONSENT of
! the Legislature ,hcreuf first had aud obtained
Sec. 1. Be is further enacted, That 20 much
OF the second ana fourteenth fund smentdi ar
urle OF the constitution eft said bank, contain.
| 40
Tue Subscribers thereto. as provides that no
director of The said bank or any of it's Offices
OF Discount aud DrpOsite, sbaii hold his office
MORE Than three Hears ont OF fsnr in success
sion, BE-. aud III" sa:na il hereby. repealed
| Sec. 5. BE IL further eaccied That The ditec
TORS at the said CORPORATION shall cause a hst
or the stakeholder. OF the said bank to-ether
with their places of residence 10 he Kent in
the banking hohse, AT Philadelphia. open 10
the inspection otary aud every st0c kiluder at
said bank, who may apply for the same within
hours at business. for at least ninety DAYS
previously 10 every aunua! election OF direc-
tors aud no persOa who NAV he entitled 10
vote al any election for directors of said
5ahk' as attorney, proxy, or agent, FIR any
person, copar:aershr. or body polite
shall, az such, give gtCater lumber than
votes nndfr any nretence wliltSneVer;
ana no letter OF proxy shall be OF any turce OF
have been revoked
Sec g. BE IL further enacted, That, when
evsr the said COZ pOTation assent to the pro
vision of tins act and certify such assent 70
The secretary the Treasury Department hy
WITHIN, du y authenticated. THIS act shall he
of force ard fleet and not otherwise.
Sonte debate eu>ucn on this pioposi.
ton, as wei! "a On the bill it.eli, a motion
prevailed IN postpone the bill 10 WedRrs
LAY, that The amendment might be print
ed and
The bill was postponed a. cordrciv.
MIR. Sanford, having laid before The Sc.
nate suniry papers connected with ihc
subject If this bill, winch had been com.
RunIcaied 70 The committee OF finance bv
the Bank of The UnIed S'a.ea, 10 enfnrce
The expediency oil granting the objects
PRAYED Tor In their memorial
Mr. OGs moved that these papers be
printed Tor the use Of The Senate.
Mr.. Barbour moved that ALL thu papers
submni,f Ia The committee OH france
by the Bank. be- printed.
This moroa was understood. hy the
debaie which eDsued on il, to refer In a
particular paper which had been coinmu-
nicaied to the committee by the Bank.
VIII request thai IL might be received
conflteniIaiiy (which paper is understood
10 contain statement OF frauds commit
ted on The Bank, and the names Of those
persons or officers who committed them
A good deal of discussion took olace on
this motion and many gentlemen entered
into 1t. The debate turned principally ON
the pr0prieiy of making public, iniorma.
ton II iiiis personal character, which had
been conh.'entially communicated to a
committee of the body TO whom the sub
Jec, had been referred, simply 10 slew
the rApediency OF granting 80 The Bank
TIC security oil penal sanctions against
violations of trust by lis officers, and the
IRk So. Il.
gress this additional guard against such
treacherous spoliaiions--some gentlemen
being IN favor Of making the information
public, as just punishment OF the often.
ders, and warning To The world against
them and others being opposed 10 dis
closing II, under the circumstances i'm
which 1t came TO the knowledge of the
Senate. In the course OF the debate. it
appeared that the document was ne; now
i'll possession of The committee. and part
oil the discussion referred 10 the proprie-
~ OF taking measures 10 obtain il. tie
proper mode Of proceeding with that nb~
jeci, &c. Tive debate was terminated by
motion by Mr.. Smith to postpone The
subject to Monday, with the view Of then
submitting resolution on the subiet {;
and the subject was posipnned--ayes 81 (;
aud The Senate adjourned ~ Monday.
HOUSE OF REPRESENTATIVES,.
WEDNESDAY, JAN. TO-
mr. Williams. from the committee Of
Claims, 10 who's, was referred The bin from
the Senate for the relief Of the offs ers and
volunteers engaged IN ihe late campaign |
against the Seminole Indians, made q |
report recommending that The same do |
moi pass which report vas refsrred TO a !
committee Of the whole.
MIR. Storrs. from the committee on |
Roads ana Canals, reported the following |
hilI - |