Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-06-12

N 20
nus. MR. Silsbce incrposed and objected the terms
in which the Senator from Maryland alluded to the gem
tomen in Boston, who made this proposition although he
would not vote for such bank they proposed Those
gentlemen, he said, respectable as any mem
bcrs of this body, and did not merit the of specula
tors.
Mr.. Smith dill not doubt it, rose he said by another
name, would smell sweet But call them by what
name you WILL they proposed to themselves mos, profit
able speculation The specie imported for the original
subscriptions TO :ho stock OF the United States Bank
purchased advance OF 10 per cent many the
present stockholders paid forty advance their
shares He mentioned these facts to explain the mystery
OF this Boston offer Some Senators had been at loss to
account Tor their generous oler while in fact their offer
was capital one for themselves. He went on argue
that the United States Bank could afford to pay higher
bonus that 5000 900 year, and that the Bank rendered
in services, to the Government fair for its
privileges. He had interest in this Bank but he con-
scentously believed that if this Bank destroyed the
interests OF the people OF the United States would be
Jurcd to an ncalculablc amount Ii the charter was not
renewed the Government deposits 90 into the State
Banks, who would have the full benefit of them with
out rendering any equivalent in services the Govern
mcnt.
Mr. Knight had no doubt that the Bank would be able
hereafter to divide seven per cent IL would be SAFE he
thoughts 10 assume that the future dividends One per
cent therefore, would not be large sum for the go
vernnent TO draw from the Bank consideration OF the
benefits and privileges conferred on it, He would be will
ling to vote for bonus of that and he now moved
that the blank be filled with $3.50 900.
Mr. Sprague obliged TO the Senator from Maryland,
Tor having furnished clear demonstration of the cor
rectness OF tina facts which he had assumed. He con-
ceives that the Boston capitalists would make good spe
collation. by taking the stock advance OF thirty or for
~ per cent. on its par value.
Mr. Brown said he should vote against the largest sum
named Tor the reason he did believe that the country
would derive any substantial benefit fromit. Ii but
specious show of advantage
MIR. Moore gave briefly reasons for his intended
against large bonus He did not think the Southern
states would derive any benefit from il IL went into the
public Treasury
The question then taken by Ayes and Noes on the
motion to fill the blank with 1925 900 and decided i'm the
negative. Yeas TO- NAYS &c.
The Question was then taken the motion to fill the
AMI sNvitl IL
lows: Yeas 20, Nays 81.
Mr.. Seymour moved TO fill the blank with $500 900,
which was rejected by vote of 90 TO 81.
Mr.. Dckerson moved TO fill the blank with the sum of
SZoOooo, which was rejected by vote OF 20 TO 81.
The question then taken the motion to fill the
blank with the of 200,000 decided in the affir-
native, Ayes 49, Noes 4.
Mr.. Marcy then moved to amend the bill by adding
srued nhib the from taxing real and per
sonal property belonging to the Bank, well all debts
due to it, including bills, bonds, mortgages, SC.
The question being taken this notion it was reject
,1by the following vote: Yeas D. Nays %.
The amendment was then concurred in.
The question being then the amendment giving Con-
gess the power at any time to prevent the Bank from is
suing any bills OF less denomination than 20 dollars.
MIR. King moved TO amend the clause TO make il a po-
sitve inhibition, which rejected.
a slight amendment was adopted, motion Of Mr.
Tazewel, and the amendment amended agreed to-
The question being on the 9th section, providing that
the sum required and received by the Bank, bonus
shall be distributed among the States according to
their representative population.
Mr.. Webster opposed the amendment and hoped we
should disagree to it, There was at least an external
semblance between this and which was re-
turned 10 the House by Mr. Madison. He was opposed
TO the introduction of any principle in the bill which
not necessarily belong TO it, would hazard or delay its
passage. The gentleman might bring in separate bill
for his object.
After some remarks from Mr. Dallas Mr.. Spraguc Mr.
Buckner and Mr.. Ewing,
Mr. Forsyth moved TO amend the amendment by striking
out the words accOrdng 10 representative populaton,
and inserting, accordingly to the capital employed by the
Bank in each State.
Mr. bo ea;1 for ,is or 9TH
er amendment as he would not in any way countcnance
the principle OF distribution assumed by the aoion
! MIR. Buckner and Mr.. Hendricks opposed the motion.
Mr. Forsyth did not he soid advocate the doctrine of
raising money for distributions but the that
there is TO be distribution, and it just to divide
among the States, according TO the business done by il
! in each State, than according TO the population
Mr.. Hendricks said that some States had Banks and
in many that had, capital was ennlop~h The ..gv
The question then taken on the amendment in
serng the 9th Section and decided in the negative Ayes
Is, Noes 81.
The question being then on inserting the 10Th Section
providing for the publication of the of the Stock
holders, annually, taken and decided the afrma-
| tive
! Mr.. Webster moved an amendment TO the second mo-
hon prohibiting the Bank from putting into circulation any
check, bill or draft.
After conversation as TO the phraseolorv Of tbe
amendment, il was amended and adopted.
Mr. Forsyth moved 10 amend the bill by adding llh
section providing that the Bank shall not receive
than five per cent interest its loans and specie
The question being taken on the motion il rejected
ayes 81 20.
Mr. IaZeWell moved to amend the bill nv adding
ther section providing that the Directors of said Bank shall
on or before the commencement of session Con-
gross, signify their acceptance charter or il shall
on and after that day, be null and void.
After some debate, the motion agreed to-Ayes Al
Noes g.
Mr. White moved 10 amend the bill by inserting sec
lion, providing that when the average amount of the go
vernment depositcs in the Bank during any one year
shall amount to exceed one million of dollars, the
amount shall be ascertaincd and the Bank shall paw three
per cent. such amount.
! He asked the yeas and nays, which were ordered.
The question being then taken the notion it was de-
cided in the negative; Yeas %, Noes 81.
Mr. Benton he said not TO offer amendment but
to make motion. He moved that the charter as amend
ed be referred 10 the Secretary of the Treasury with d
rectons 10 report his opinions thereon the Senate par
hcularly TO the capital necessary for the Bank The
motion lost.
The question being on the engrossment Of the BILL
Mr. White to address the Senate, but gave yyay TO
a motion TO adjourn and the Senate then adjourned.
HOUSE OF REPRESENTATIVES,.
The House went into Committee OF the Whole on the
state OF the Union, Mr. Speig in the Chair and took up
the Tariff Bill.
Mr. Adams after brief notice of the speeches in sup
port Of MIR. McDule's bill proceeded TO state what was
the difference between the bill reported from the Com
mitee Manufactures and that proposed in the form
OF an amendment by Mr.. Stewart. Mr. Stewards bill
he showed proposed 70 retain the minimum system
and even to aggrayae that system, in all the points
respecting which 1t was most complained Of lie briefly
recaPulaed its provisions, the amount of which was
that IT proposed to give protection on coarse cloths
TO the amount oil go per cent The Committee on
Manufactures on the contrary, after mature deliberations
mad concluded to abandon the system of miDmums and