Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-04-05

Body
! The SPEAKER here arrested the Debate as
going improperly into the main subject, ON
question merely incidental.
| Mr.. MCLANE disclaimcd any intention, in
what he had said, To alarm the feelings of the
gentleman from Illinois, or impeach his mo-
uv's. He considerable an act of Justice to
himself and 10 the committee 10 state the
FACTS of'the case, and he had done no more.
| The question was taken on laying the report
on the table, as moved by Mr.. Cook, and car
FED.
Mr.. Cook then submitted the following
resolution:
! Resotred, That the employment Of members of
Congress by the Exccutive any Executive officer
OF the United States, in the performance of pub
IT, service, during the continuance OF their member
ship, Tor which they receive compensation out OF the
public treasury, rs inconsistent with the ndepen-
dence oil Congress, and IN derOgation Of the rights o
the people, and, II II he not ALI eady ought DC pro-
| hibed.
| Mr.. CANNON required the question of consi-
derdtion of the resolution and, that question
being taken, the House agreed to consider
the same.
Mr.. Cook moved for reconsideration of
the vote taken upon the disposal of the reso-
ton reported by the Committee on the
| ground that his object was to offer the last
resolution as an amendment or rather as a
substitute for the resolution reported by the
committee.
A question Of order occurred, in which
hessrs. Cook, ~. Nelson, Common and Tdylor
took part, when the proceedings ended in de-
Gliding to lay Mr.. Cooks resolution on the ia
bic, In the same manner as the report had
bern and both were ordered to be printed
| The Speaker presented n communication
from the Treasury Department, transmitting
information relative TO the balances of appro-
| priatl"ns uneXpended at the end of each wear
rom the commencement of the government
to the 3ist of December last /; money receiv-
ed by Collectors and Receivers and not paid
over, &c &C. which was ordered to be laid OH
| the table.
The House then took into consideration the
bill to authorize the Secretary ofthe Treasury
To exchange certain stocks bearing an interest
OF SIX and seven per cent. for stock bearing an
interest of five per cent.
Mr.. SMITH of Md. proposed the amend
menis which he had submitted some DAYS
since, and which the house had ordered TO be
| printed, accompanied with few explanatory
observations
Mr.. GOLDEN was opposed to the amend.
ments, because he wished tn strike out the
words t,ceLre millions, and to insert i'm lieu
thereof TIRE millions, so ms to reduce the
amount of stocks to be exchanged and also.
To sell the 10000 shares ofstock IN the Bank
government. The amount of dividends which
had been received upon the bank stock be long
ing to the United States during four and half
years, had been 10 per cent. for the whole
od,aniountingi in the aggregate TO sol OOO
whilst the interest on the seven millions which
was borrowed to pay for that stock, had
amounted, during that period, to the sum of
Sl,91o,O0O, making a loss to the United
States OF 665,000 dollars. But Mr. C.. stated
That from III
The market, S93G,000 would BE- gained TO the
United States from the surplus price of the
shares above par; SD that the operation of the
amendments he proposed would he, as lac
contended, To save to the United States
Sl06,OO0 per ahnum, and to put more than
nan million OF dollars into the public treasu-
~. Mr.. Q. entered into variety ofconsidera
TONS to evince the propriety ofthe project he
had submitted, and concluded by observing
that he should vote against the bill vet, if it
should be adopted, he thought the plan which
ne had suggested was altogether the most ex-
pedient course that could be pursued
Mr.. SMITH, uf Md. remarked, that the gen
t'enan from New York, Mr.. Collen,) had
admitted that 10000 dollars were nbtainable
from the present value of the stock above par.
Nor was that all for the Bank of the
United States had performed the duties of
the loan Offices, which had saved the United
States 100000 annual expense. Mr. S.
proceeded at considerable length in explaining
and enforcing the eXpedieucy and necessity
OF the measures that had heen resorted to. in
relation to the Bank of the United States, and
he commended that the stock of that Bank had
already fallen, by the refusal of one branch
oil The Legislature at this session to aid il :;
and II the 10000 shares belonging to the Uni
ted States should be thrown at once into the
market, he believed the stock would fall down
to so, and perhaps to 80, SO that the United
States would utterly fail of Ubtainng the ex-
Ipected premium. 1t would evince such an
hostility on the part of the government to that
institution, as would destroy all confidence in
the value ofthe stock.
MIR. GOLDEN replied to the observations OF
the gentleman from Md. (Mr. Smith,
MIR. CAMBRELENG was in favor of the a
mendment, and opposed the scheme proposed
by his colleague, (NTr Colden)
After some further observations of MIR.
/ COLDER, the question was AIKEN on the a.
mendments as proposed and respectively car
ried without division; aud the bill was there
| upon ordered to be engrOsscd for third read
ing, ayes 70.
ORDERS OF THE DAY.
| The House then resolved itself into n com
mttce Of the whole (Mr. MALLAgY in tLe
Chair on the bill to provide for delivering I'D
persons held TO labor or service in any of the
states or territories, who shall escape To any
other state 0r territory.
| The question was, on the motion TO strike
| out the enactlDg clause Of the bill
! Mr.. j.. JOHNSTON was willing 10 Icpislate
on the subject, but he thought this bill was
calculated TO introduce new and unknown
rules in relation TO property. ifs opcration
was not confined 20 the elnveholdinp states
1 and he thought IFS fpndencv ,vo,,I1 no ;,,;,,r