Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-03-12
THURSDAY MARCH z.
IN CE<Tssg,>

IN SENATE.
Mr. Is. VI JOHNSON, OF Kentucky. present ca
petition from John Cleves Symmes of Gin.
cinnat, in Ohio, stating his belief of the ey
lstence of an inhabited concave to this Globe
bis desire to embark on VOYAGE ordiscove
ry, Ia one or other ofthe Polar REGIONS hi.
behei IN the value aud great honor to his COM.
Try OF the discoveries which he would make
mat ms pecunlary means are inadequate tc
.he purpose, without public aid and suggest.
ing I" Congress the equipment OF two vessels
OIL Soo or 800 iuns, for the expedition and
the granting of such other aid as government
may deem requisite TO promote the object
motion was made 10 refer the petition tc
the Committee on Foreign Relations. which
was refused and, after some conversation. il
was decided to lay it on the tablp-ayes e5
Inc Senate went into the consideration OF
Executive business, and continued in private
session until after O'Clock when they adj
IOurned.
HOUSE OF REPRESENTATIVES,.
Mr.. SMITH of Md. laid before the House n
statement from the Engineer Department. on
the subject of moneys necessary 70 he an.
proprIatcd for Qualifications and Mr.. EUsTIs
iaid before the House letters from the Secrc-
tary OF War, on the same subject, and on
'hai oil the brevet rank and pay Of officers, SC.
Mr. SERGEANT, from committee hereto
iore appointed, to enquire whether the Bank
OF Inc United States has not been in the prac-
t'ce OF ioannS money, Sc. at greater inter
est than at the rate of per cent. per annuTn,
made the following report thereon:
NE COMMITTEE on the Memorial OF the Bank OF the
Chteu oiates, TO whom was referred II resolution,
directing them To inquire II whether tho Bank o(
the United States has not taken. and is not in the
Piacuce OF taking, more Than six per entum per
.m""m iOr or upon It's loans discounts Report :
nat, h"vIug inquired into the facts deemed 10 he
material ~ relation 10 tie question proposed in the
resolution, they find
L. INIT II IS, aud, from the establishment Of the
Bank OF The United States, has been, the practice
OF lhat BANK, ~ calculating hc discount upon uov
payhbe CERTAIN number Of DAYS after the date ia
compute the interest upon month of l,irty DAYS and
me fractions OF such "A moah thus, per cent is
charged for sixty days
10 ms respect the Bunk has conformed 10 the es-
punished, aud, IT IS believed, universal usage in the
Onted States, prevailing among individuals ms well
4, w moned nstiirlons, and 10 the most app owed
tables heretofore in use
Ihai, in changing The discount upon a sixty
days note, the Bank and lis branches have followed
Tue usage OF The place where the loan was made as
to the number Of days (incuding the DAYS Of pracol
'or which the discount should he computed. IN ge-
neral u has been the practice IN the United States 10
charge the interest for sxtyfour DAYS but there are
some places where the interest is CHARGED for onI
'Xy-ihree dlys,and the BriBthes Established atsuch
places have confronted 10 the practice there prevail
ing.
The Committee do not think that there ;s any ,;,e
10 either vt the modes Of computing interest adopted
by the Bank which calls for legislative interposition
and, therefore, submit the following resolution:
Hsso'red, Thai the Committee be discharged from
the further consideration of the subject.
Mr.. 5. moved that the said report be laid
on the table and printed.
Mr. COLDEN opposed the motion. He
WISHED to bring the subject under the consi-
deration of the House without further delay,
and he was unwilling that any course should
be taken which would have the effect to carry
over The subject beyond the present session.
Mr.. =. bad examined the orders of the day.
and found somewhat more than 100 cases al,
ready referred to the committee Of the whole.
az which it would be difficult To- dispose ofat
tiIs session Of Congress. He thought the
Facts were distinctly stated ia the report
They were clear and simple, in themselves.