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


most important debate has been going on for some
days in the Senate, in which the conuuionay of the
bank charter is brought up in way upon the qucs.
ton of tc taxing power of the States Has on has not
The Congress right to grant the exercise of the banking
trade to Foreigners and residents within he limits o
me states without their consent, and without liability to
tlNauoh ms is the great question agated i'm the
Senate and in which the friends and of the
Bank nave taken ground on opposite sides The decisions
oil the Supreme Court heretofore made, impugned by
some and defended by others The points made by DIFF
ferent speakers will he but imperecty in the
reports published. Fuller reports due the public
ana VIII BE presented IL possible In the time
proper TO call the attention of readers the point and
TO advise them that the most interesting question: TO the
rights OF the States, ever yet agitaed in Congress-
in progross.-GiO5e
WASHINGTON, jane 4.-The interesting debate on
this institution, continued Friday and Saturday if that
could be so called which chiefly confined 10 one
sluei i9r me principal champions OF the Bank, Mr.. Web
ster and Mr. Clay, have declined say any thing during
the latter part of the week Perhaps they find difficult
10 answer their former speeches against Bank
Mr. Webster when this Bank chartered in 1916 was
champion against il; and his speech then made will
doubtless be extensively rc-published as one which Inc
himself cannot answer now. Nj Clay was a champion
against il in 1911, and is careful pat on record
speech against his former speech; but the public will get
IT. and also the ''repoyf OF Mr.. Clay against renewing
the charterin ISL The most striking feature OF the de-
bates on Friday and Saturday the adoption of amend
ments on the former OF these days, which, accord
ing 10 INC declarations OF the Senators opposed TO the
Bank, nave, practically, made it NON SPECIE PAY
ING HANK, and enabled it CUT TIE rHRoArs
oF TIE STATE BANKS whenever it pleascs On
Saturday the principal incidents in the debates were
the ausonS indeed plain hints, lha the present push for
renewed cacriour years before the present was
eut-relcrred TO the PRESIDENTIAL ELECTION, aud
more intended to bear upon that POLITICAL EVENT than
upon the pecnay interests of the Stockholders the
interest OF the people of the United States And the de-
ci'ra.on OF Mr. Iazewes sentiments the legality of
the famous BRANcIG BANK DRAFTS. These Mr. r.
condemned in the most decided terms, only as unau
thorled by the charter anl such currency no MEM
her OF Congress who passed hat charter dreamed Of
but as total subverSiOn Of the idea SOUND CURREN-
these drafts were always made payabe 500 or 1000
could not 80 to demand payment and therefore, left the
holders at The MERCY OF the Bank pay them,
pay them where issued In fine, all the speakers A.
gans the Bank concurrcd in the declaration, that the
charter as amended, instead OF containing The whole
some amendments which the country called for, was
W'ue INFINITELY worse, and was TO all ntens and pur-
poses, NON SPECIE PAYING BANK WITH INSTANT
POWER no ANNIHILATE THE STATE BANKs!! Gene
raj Hayne also declared his sentiments against the LEGAL
~ OF 'hc branch bank orders and the dangers the
try from the circulation OF such irresponsible aud incon.
trovertibc currency MIR. Clay, feeling the pinch the
bank was in, from the pointed illusions the POLITICAL
soUINTING ot the present push for the charter, and
ITS direct bearing the Presidential election was forced
'oi moment from his DUNE POSITION TO touch that in
eidcnta point but avoided any general argument upon
the question of the bank itself
The public entitled TO full reports of these debates.
they are undoubtedly The interesting the people
which have been delivered at this session. and full reports
as lar as possible, will be pubshed-Giobe.
WASHINGTON June 5.-The discussion Of the details
OF the modified charter continued Yesterday, and
turned chiefly upon two points, the legality OF the Branch
Bank drafts and the reduction of interest per cent on
the bank loans and discount. Judge White declared him
sell strongly against the branch drafts put circulation
10 the exclusion of lima tide bank notes. and expressed
his intention 90 fully into the question at ubse
quent stage Of the discussion The question Of reduc-
ton OF interest in place of bonus, extensively deba-
ted but like all other questions which the bank
seemed 10 divide the Senators according the general
line OF DIVISION for or against the bank incidentally To
the debate on the reduction Of interest sug.
gestons TO the amount OF The bonus and the total in
suicency OF that offered by the bank OF the United States
and reference TO tie bonus offered by the company who
have applied or charter, and offer five times
much for the charter the present company oilers
II was srenuously argued by the opponents of the bank
that the clarter was made by the amendments
nlnnlrh-- (tInhe