Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-05-12

unless he Welded 10 a certain exteh! he could
not hold even his friends. He believed the
amendment would be productive OF no prac'l- |
raj injury. as il was impossible that the States
| and Corpnrations, who hac subscribed TO the
Stock. would fail 10 comply with their engage
| mrnts.
Mr. HAYNES defended the amendment he had
! offered, suggesting that II was The same which
b,d been Inserted 10 the bill, TO aid The Louis
vile Canal Company. II the Corporations
should fail to payup their subscriptions; the
Government would be left with the whole pro-
jrci upon thee, hands; and when tie company
should once have got It's hand INTO me rra'A-
nv, powerful appeal would be made TO Ioh-
gress u t o abandon Whist il h ID begun.
| Mr. Mercer replied, thlt the bill, IN this re-
sprc,, was literal rupy Of that authorizing a
subscription Of stock in the Delaware and Che"
saprake Canal Company.
Mr. Sergeant expressed himself willing TO
acouiesce in the amendment, though he thought
there was much force in the observations OF
his colleague rMr. Kremer. The United
States ought, il il were practicable, to BE- put
ON The same footing with very other sub,crb-
pr. but a, each subscriber had d sovereign
RIGHT with respect 10 the paying or withhold
ing of his own subscription, there seemed
necessity for some guard, LIST The Govern
meet should be compelled 10 60 on with It's
Davmen,s after all prospect had ceased 81 sue
cessful prosecution OF tive work. tie remind q
Mr.. K. that the pr sent course was he same as
haa bern pursued by Pennsylvania in The
case OF The Union Canal.
Mr.. Wright, of New York, inquired what
provision was containrd in the charter, IN case
the subscribers should NOT pay up h ir stock.
Mr.. Mercer, in reply, read the fifth srcllou
, OF the chatter.
Mr.. Gi.mcr now explained the eff'cl Of The
amendment offered by Mr. Haynes, as gong 10
guard against any great failure on the rar, OF
anv of the other par,irs, subscribing, He be-
lieved. for his own part, that neither OF The
CORPORATIONS Of Washington, Georgetown, or
Alexandria, VIII vested with the power to sub
scribe into SUI h company. Not dollar could
, be collected from either of Them: for, who was
e then 10 issue the quo UarrGnfo 10 dissolve the
S corporation?
Mr.. Smy,h. of Va. opposed the amendment.
He was against subscribing al all unless The
work was to be gone on with, and if the Gov
eminent did subscribe, It ought 10 ENJOY the
= same privileges as other subscribers, and no
. more. According to !hp amendments, the u.
States might wi hhold their payment until the
CORPORATIONS & individuals had paid in th' IRIS;
but if this right exi1trd at all, II was mutual
II la
r Government Congress ougnt not to touch the
{ matter unless il meant 10 go on with the work,
$ whether others did or no. Surprising Alexan,
dria should fail 10 pay up its subscription, and,
in consequence of that, The Government should
also Withhold us subscription would not The
Government stock be liable TO besold under the
+ charter? He though, the United St,tes ought
; to pay up its own subscription faithfully, and
=
e The question was now taken on the amend
=. menl OF Mr.. II ,ynes, and negaived, when the
amendment of Mr.. Martin was carried.
If ldr Mercer now replied to an inquiry of Mr..
:. Hoffman, in relation to the profit which The U.
j States bad derived from its subscription in
= other companies. No dividends had YET been
, received, because the works 10 which she sub.
scribed wee not yet complete.
S Mr.. Hoffman hen went into an extended
d speech in opposition 10 the whole measure,
: which he considered as d stock jobbing scheme
f the least participation in which was degrading
e to he Government If the United States did
y possess The constitutional power 10 carry or
i works of Internal Improvement, (Which he de.
MED, lie, her take this work into her own hands,
n and do il IN manner worthy Of herself
Mr.. BARNEY moved the previous qucs-
4 ton; which was sustained by the llouse-ayes
70, noes so.
I The previous question being put,
Il 1hr. Gilmer moved cali of the House and
. Mr. Bassett moved an adjournment
= Both motions were promptly negatived;
whereupon; Mr.. Gilmer demanded that the pre-
S vious question be taken by yeas and nays, and
S it was ordered accordingly.
The Speaker now put The precious question,
S in the following words: shall the main ques-
t ton now be putt"
On which The yeas and nays were as follows:
Yeas NJ, ssrs. Allen Of Va. Archer, Arm
strong, Bailey, Baldwin, Barber Of Conn J. S.
Birbour, P. P. Barbour, Barker, Barlow, b arm.
n ard, Barney, Barringrr, BARLEY, Bates Of Mass
Z, Bell, Blair, Blake, Brent, Bryan, Chase, Chill
f ton, Clark of n. Y. Condict, Crockett, Crown
inshield, Dani"l, Davenport Of Va. Davenport
Of Ohio, Desha, Dorsey, Duncan, Dwight, E
, vere,,, Findlay, Fort, Forward, Gale, Garnsssy,
Gorham, Green, Gurley, HalIock, Hamilton,
f Hcaly, Hodges, Holmes Hun, Ingersoll, Isaeks,
Johnson. Johns, Krrmer, Lawrence, Leoompte,