Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-02-10

% necessary 10 cover all the expenses OF such an
expedition. Aud that he be also requested to |
cause to be submitted detailed statement, shew-
ing the several amounts transferred from the diff
ierent heads oil appropriations for the support Of the
Navy to this object, and the authority by which
such transfers have been made"
t.Mr. Haynes speech in our nextl
HOUSE OF REPRESENTATIVES
MIR. Drsy'or. BY leave Of the House, presented
memorial Of the South Carolina Canal and Rail
Noaa Company, praying Congress to subscribe for
TWO thousand hive hundred shares Of the capital
stock OF their Company.
Mr.. lngersoll, from the Committee on the Dis
tnct OF Columbia, reported bill to suppress Lot
.enes' ana prevent the sale Of Lottery tickets with
10 Inc district Of Columbia; was read the first and
SECOND time, and ordered to be engrosssed and read
third time Tomorrow.
Mr. Mercer from the Committee on Roads and
Canais' reported bill authorizing subscription
10 tho stock OF the Chesapeak and Delaware Ca
nal Company; whtch was read the first and second
a W and committed to the Committee of the
"hoie House On the state Of the Union.
-. PUBLIC DEBT.
MIR. Hamilton. from the Committee Oh Re-
trenchment, reported the following bill
oil. providing Tor the reduction Of the interest
on the United States six per cent stocks and
Tor the redemption thereof.
ne enacted, &c. That the holders OF certi6-
cares OF United Statas stock, bearing an interest
o. SIX per centun per annum, shall be allowed
'our months, rom the passage Of this act, within
United Statss, and surrender their certificates to
inc secretary OF the Treasury; and the Secretary
OF the Treasury, with the appreciation of the Pre-
s'dent oil the United States, is hereby authorized
,eceve and cancel the same, and to issue to such
noisers new certificates, similar, in every respect
70 tnose cancelled. except in date; and that the
rate oil interest shall be reduced from six 10 four
and hall per centum per annum, payable quar-
terry; and that the same shall be redeemabe at the
pleasure Of the Government, in the manner hero
in after provided
SEC. 2 find be 1t further enacted, That the
President OF the United States be and he is here
by authorized to borrow at any time after the ex-
piration Of four months from the passage of this
act on the credit Of the United States, sum not
exceeding the amount OF the six per cent. stocks
OF the United States, which may not have been ex.
changed under the provisions Of the first section
Of this act, at rate of interest, payable quarterly,
| not exceeding four and one half per centum per
| annum, redeemabe at the pleasure Of the Govern
| ment, to be applied, in addition to the moneys
4 which may be ia the Treasury, at the time of bor-
rowing the same, TO pay off and discharge such
part OF the six per cent stock of the United States
I as may remain unredeemed at that time
SEC. g. find be it further enacted, That il
shall be lawful for the Bank of the United States
! TO lend the sum which may be required under the
second section OF this act, or any part thereof and
that 1t shall be deemed a good execution of the
said power TO borrow, for the Secretary of the
Treasury, with the appreciation of the President
oil the united States, TO cause to be constituted
certificates OF stock, signed by the Register of the
Treasury or by Commissioner of Loans for the
whole or any part Of tho amount which NAV be
required, and to dispose Of the same at or above
! their par value
| Sec. 4 find be it further enacted, That the
| certificates OF stock, which may be issued under
the authority Of this act, shall be transferable in
| the same manner is provided by law for the
transfer OF the six per cent. stocks to be redeemed;
that the stock thus issued, shall bear an interest
! not exceeding four and a half per centum per an
nj ahI IL.
at the pleasure Of the Government Provided.
that no reimbursements shall be made, except for
the whole amount Of such certificates, nor until
after six months public notice OF such intended re-
endorsement.
Sec. s. find be it further enacted That the
same funds which have heretofore been, and now
are, pledged by law for the payment of the interest
and for the redemption of the stock which may be
redeemed under the provisions of this act shall be
irep'edged, in like manner, for the payment OF the in
terest accruiDg on the stock issued under the a,-
thority OF this act, and for the redemption of the
principal OF the same. And il shall be the duty of
the Commissioners OF the Sinking Fund to cause to
be applied and paid, OF the said fund Quarterly
in each and every year, such sum and sums. as
may be annually required TO discharge the inter
est accruing on the stock issued under the auhori
ty OF this act The said Commissioners are also
hereby authorized to apply, from time to time
such sum and sums, out OF said fund, as thew NAV
think proper, towards redeeming the principal of
the said stock, in conformity with the provisions of
this act; and such part of the annual sum of ten
millions oil dollars, vested by law in the said Com
missoners, as may be necessary and required for |
the above purposes, shall be, and continue appro-
Priated to the payment of interest, and redemption
Of the public debt, until the whole of tho stock
which may be created under the provisions of this |
act, shalt have been redeemed.
This bill was twice read, and committed
The resolution moved yesterday by Mr.. Ramsay
for the printing of 5000 copies of the Report made
IN The Senate on the opening and transportation of
the mail on the Sabbath, coming up as the unfin. |
ished business Of y sterday morning,
MIR. Weems concluded his remarks in support of |
the resolution: an amendment which he offered |
going TO order the printing of a like number of the
report on that subject made in this House, was de-
cared to he out OF order as another resolution to
the same effect lay upon the table.
On motion of Mr.. Weems, the resolution was
then laid upon the table.
Mr.. Forward moved the following resolution {:
which was read, and laid on the table
Resolued, That Committee be appointed TO in
quire whether that portion of the moneys appropri-
ated for the National Armories, and which has
been expended at Harper's Ferry, has been applied
faithfully and advantageousIy for the public inter-
est and that said committee have power to send |
for persons papers.
On motion of Mr.. McDufie, the committee on
Ways and Means obtained leave TO sit during the
sitting of the House.
The resolution of Mr.. Taylor, proposing 10 a.
mend the Joint Rules Of the two Houses in reIa-
ton to the prining Of bills, was read the third
time, passed, and sent to the Senate for concur. |
renee
Mr. BarTinger, who had moved that the election
for Printer to the House take place this day, gave
notice that, inasmuch as the Joint Resolution on
that subject, which had passed both Houses had
not yet been returned by the President, and the
House could not, therefore, act under it to-day, he
should embrace the earliest opportunity 20 renew