Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-07-17


The Scnp,. lLcn po.v.I,,, 20 consider the MESA gc
from the i,us, l., iti rCS,gUtNcs, a. CUeiug 10 some
,s1.rcViI.s other II tGc amendments of the
Senate Ia IA, bil To alter ana amend The act mpos-
MIR. WILKINS moved that the Senate now ask n
conference ftay House &c Representatives and tba,
II Committee be vgro'Eted To confer with such Com
mitt,o as may hc Htp"iGted by the House. His OBJ
cct 60 do cveiy thing winch could be done To re,
conce tnc differences between the two Houses His
Idsa MAS TO ask i"f conference, and in the mean
TIME, to retain the BIN IN the Senate so that after
wards the Senate nl4ght either rccetlc OF insist
MIR. DtChrRSDN seconded the molten II was
III, M'Sh "ot hc session should not pass away with
OFT the possaS Of this bill; and he though, this OBJ
Jcct more likely To bc obtuned If Il conference We're
To be held IN this stage, rather than after the Senate
should have insisted on their amendments 1t would
be more likely now To he productive of good feeling
Mr. CLAY considered the motion to be strictly in
order. lie considered that IA conference might b., held
in every stage of tn; Disagreement He was of opin-
ion however, that the BEST mode would be TO take the
question first insisting on the amendments En-,
as the Chairman of the Committee Manufactures
had assented TO The other course he could not have
any objection.
Mr. KING was of opinion that the course prescrib-
ed by tins motion, although iii order, was unusuu
and he had n preference for the ordinary course
M TER was of opinion that, with view
to economy of tme it might be better take the con-
terence He hoped, therefore, that the motion would
be adopted
Mr. BROWN expressed his views very briefly il,
opposition to the motion.
On the call of MIR. WILKINS, the Yeas and Nays
were then ordered on dis question
Mr. LA M then opposed the motion.
MI, CLAYTON stated that he should vote in its
favor lie considered the Bin endangered if the two
Houses should fail agree as to these amendments
II The question were first ta' motion to rccode
or INSIST the opinion of Senators would be committed
and the probability of recmcnt would thus be weak
ened. All, therefore, who felt desire for an adjust
nent OF The Tariff at this session, should in ia
vor of tie motion.
Mr.. CHAMBERS took n similar view. He
thought that by having conference now the differ
enceS which existed might be settled III II spirit of
compromise. lie wished the country to know that
there were individuals i'll the Senate who were dis
posed To make every effort To obtain an adjustment
MIR. GRUMPY thought it would be the preferable
mode 10 take the question first IL motion to recede
or insist, aud let the conference follow.
Alter II few remarks from Mr. POINDEETER
in favor Of and Mr.. FORSYTH against the motion
Mr. toiiSf Ell moved to lay the bin and amend
nients on the table, and on this motion the Yeas and
Nays Were ordered
The question was then put and decided as follows
1EAS--McsSrs. Benton, Clay Ellis, FORSYTH
Grnndy, Hayne, Holmes, Kane, King, Manei,m
Miller, Moore, pondcxtcr, Smith, Tazewci Tyler
Waggaman, White-i9
NAIS-Messrs. Bell, Brown, Buckncr, Cham
bers, Clayton Dallas, Dickcrson, Dudley Ewing.
Foot, Frenghuyscn, Hendricks, Hill, johnson,
hm'Snt, Marcy, Naudain, Prcntiss Robbins, Robin
i9 ON Iroup, Webster WiIkins-29
vii ne question was then taken on the motion of Mr.
w lLhlNS, and decided follows:
fEAS-Mcssrs. Bell, Buckner Chambers Claw
Layton, Dallas Dickerson, Dudley, Ewing Foot,
Frenghuyscn Holmes Johnston, Knight. Nn,dnin
romdexter, Prentiss, Robbins, RuggIcs, Seymour
Wilkins 26
:, NAYS-Acssrs. Benton, Brown, Ellis, FORSYTH,
m ,', inyGS iashdrlckS, tiii Kane, King Man
gun Gun Marcy Mlil,r Eioorl Robinson; Smith, Tazc-
well, Upton, Iroup, Tyler Whte-2l
80 the motion aarced to-
ON motion of Mr.. WILKINS, the Committee
Were then ordered to consist of three members.
McSsrS. WILKINS. DiCKERSON audII A YNF
were then constituted such Committee
THE BANK VETO
Inc hour OF eleven having arrived, the Senate
proceeded to the consideration of the Bill for re-
ncwing and modifying the charter of the Bank of
the United States, with the message of the Presi-
dent OF the United States, assigning his reasons
Tor refusing to approve and sign the same. And
the question being on passing the bill said OH
lectons Observation-Disclosures
Mr. WEBSTER took the floor, and, in a speech
oil something more than an hour in length. of
"hcn iuil report will be hereafter presented
examined and commented upon the contents of
the message; upon which he presented to the Sc
nate the tuli and frar. expression of his opinion
ms, He sald was due, to the President as well
as the country, on the present occasion. So far
from cvading the question, the President had CIV
en- a clear expression OF his own judgment, that
under no circumstances, now or hereafter should
ms appreciation ever be given to any bill for the
renewal OF the charter of the present Bank. or
Tor the constitution of any similar one 1t ap-
peared to him, Mr.. w. said, that we are now an
preaching crisis, not only equally dangerous
out equally likely TO be embarrassing, disastrous
ana distressing, as any that has occurred under
this Government. 1t was now certain. that
without change in the public councils the char
ter OF the Bank of the United States would he
suffered to expire, by its own limitation. With.
IN IN thfee years and nine months, (thc remainder
OF ItS term) arrangements would have to be made
Tor calling in its debts, withdrawing its notes from
circulation, and ceasing its operations. All this
would have to be done within that period: for. AL
thouSh, by ITS charter, provision was made for al
lowlng it further time for the collection of lis
debts, &c. yet, after the expiration of its term. il
can Issue no new paper, nor answer any of the
purposes of bank of discount He said il he
hooved all who were interested in public affairs
without cxaggeraton on the one side, or dc,usion
on the other, tOpTeparC themselves omect the cr-
SIS. lie then went or 10 show the great iIDpor-
lance OF the present question, more especially TO
the states connected with the waters of the Mis-
sisslppi, within whose limits thirty millions of
lcuye capital had been furnished for business nv
Inc BANK. lie drew picture of the CONSEQUENT |
;es likely to How from all this facility being with !
raWn within Tour years, and of the deep distress
which must inevitably follow its withdrawal
10 the people of the United States, he said il
vas now plainly put, whether, in one way, and
u ohc 1Hiy, (i0T me message icftno altcrnative)
his evil was 10 be avoided
ar. Web. icrthcn proceeded with some remarks
ipon the Presidents objections to the bill. The
irat which he advcrted to was the objection toI
he application OF the Bank for the renewal of
IS charter on the ground that it was premature:
20 tar from this objection being just one, he
and that the time of the application was the
Attest day at which the bank could with anv
usiice to the public or any regard to the inter
st OF the stockholders, come forward, if the
qlcstlon, whether ITS charter was 10 be renew {