Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-07-06
CisNG n ESS.

Ihe SENATE, on Monday, was mostly engo god
IN discussing the subject Of the public lands
Inc question pending at the commencement of
the sitting, being on the amendment proposed by
tho Committee Public Lands, to strike out
ten" and insert Fifteen" per cent. to be appro
priatod TO the new States. Rejected, Sc to 10.
MIR. Hayne moved TO strike out the words which
provide for the distribution of the proceeds among
the States lie was opposed TO the introduction Of
the principle of distributing tho revenue amonp
the States. Rejected, 90 to 81.
Various other amendments were successivelv 70
Jectcd, and the bill was finally (at O'clock order
cd to third reading by handsome MAORI v,
In the HOUSE OF REPRESENTATIVES,
the bill to renew and modify the charter of the
Bank of the United States, coming up for a third
reading
The question recurring. being on the amend.
ment proposed by Mr. Wardwell, of New York 20
give to the several States the power of taxing the
capital employed herein.
1t was debated at considerable LENGTH Inv Me.s-s
Wardwell, Ellsworth, McDuIfie, Root. Wayne,
Clayton, III. Everett, w. r. Davis, Bell, Mann
Hubbard, Adams, Thomas, Hoffman. J. S. Rar'
6onr' Gordon, of Virginia, Bates Cook, Daniel,
life.
Alter various suggestions, and being modified so
as IN substance to provide that the said Bank and
the Branches in the several States should be liable
to taxation, and that where there were no local
banks subject TO taxation, tho rate of TAXATION
shall DO imposed by such State as on real or personal
property; the tax in no State to exceed ono per
cent, and that the President of the Bark shonId
furnish annually to the Governor of each State an
account of The property used by the Bank or
Branches therein
The question on the amendment of Mr. w. was
put and negatiyed: Yeas 49, Nays9 80.
Mr.. Wayne then moved and amendment in sub.
stance viz: that the Bank should pay to the several
States for the privilege of having branches therein
an annuity Of one per cent tho capital stock
which may be assigned to each branch hut which
he withdrew in favor of.
Mr. W. X Davis. who proposed another amend
ment IN substance, viz: to provide that nothing
in this act should he construed to exempt or de-
prive the several States of their power of taxa
ton
The proprety of this amendment was debated at
length, and
Mr.. Adams having remarked that it was in effect
to nuilify the decisions made Oh this subject by the
Supreme Court,
The question on the amendment of Mr. Davis
was put and negatived--Yeas 81, Nays 1913.
MIR. Wayne then renewed the amendment he
had Jast withdrawing thereupon
Mr.. Howard suggested modification, to in
sert And no bonus shall be paid by the Baak;
and said, If this was added, he would vote for the
amendment
Mr.: Wayne accepted the suggestion, and modi-
lied his amendment accordingly.
After Protraeted debate thereon in which
Messrs. Patton, Doddridge, Ingersoll, Wayne
Coulter, and Irwin, took part
The question on the amendment of Mr.. Wayne,
as modified, was then put and negatived-Yeas 69,
Nays l0S.
MIR. Hubbard then proposed an amendment, that
the States may have the power to tax the Dauk
branches at rate not exceeding one-half per cent
After few brief remarks from Mr.. Bates the
question on the amendment was put and nepatived
Yeas 81, Nays 90.
MIR. Craig now said, it was evident that the bill
would be carried in shape not very different from
what it was. He would therefore move tho preyi.
Gus question. 1t was not seconded.
MIR. BELL then nropuse1 an nj -,
stance, viz that there should be tax on tho profits
of the branches in each State not exceeding the tax
paid by the local banks. The amendment was neg
ahved-Ycas 81, Nays 81.
Mr.. Mercer then proposed az an nmendnent
"on so much of the capital stock held by foreign
ors or their agents there shall be paid by the Pres
ident out of their respective dividends on stock,
per cent"
Mr.. Adams remarked that this was, in effect,
saying that foreigners should not hold any
stock.
Mr.. Wayne said he could not vote for this
amendment, rs he was willing to make tho
oank as good as he could, but not as bad as he
The question the amendment was then put
and negatived-yeas II, nays ITO.
MT. Clayton then proposed an amendment, in
substance, viz: that it shall not be lawful for any
foreigner to hold any stock in the Bank under the
penalty of forfeiture; and lac hoped the House would
indulge him with the yeas and nays on this mo-
ton.
no house refused to- order tho yeas and nays;
lived
Mr.. Dixon Lewis then proposed os a proviso,
VIZ; that 1T shall no. be lawful to take higher
rate OF interest than five per cent. on loans or dis
counts.
Mr.. Thompson, Of Georgia, now moved an nd.
Journment of the House Ae2atived.
Mf. Doddrge briefly reminded gentlemen TO
consider what the effect of this amendment would
DC, n adopted, upon the State Banks.
Inc question the amendment was then ta I
ken and negativod--ycs SO, nays 1902
IN SENATE-ON TUESDAY,.
HARBOR BILL.
MT Forsyth, by direction Of tho Committee on
Commercc, moved to postpone the previous orders,
Tor the purpose of takisg up the bill for the inn
proycmcnt Of certain harbors, sc.
The question was Htcn taken and decided as fol-
lows: Yeas 27---Nsys "a.
Mr., PoiudcXtcr rsovod TO lay tho bill OF the "a
bic. which was ne~stivod-Ycsz l6 Nays ~