Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1832-03-17

drred to be rude aud ungentIemanly attack up
on him; and the low personality of Mr.. BIS re-.
marks gained him no favor. He appeared TO
have mistaken the place he was In, as we'll as the
taste of his audience.
From the " Washington Correspondent OF me Dat
hy .7dceriiSer.
The question being Yesterday on Mr.. Clay
tons resolution. to raise select committee
| tn examine into the cOndit0n OF the Bank of the
United States. Gen. Root occupied the attention
of the House for an hour, aud delivered an able,
| front al. and caustic speech. Gen. Root Is in la
vor If Bank OF the United States; he is neither
the advocate nor opponent oi The Bank Of the
| United States Some DAYS ago. he laid on the
tanle an amendment. which he said he should of.
fer to the bill reported by the Committee OF Ways
aud Means, when it should b. taken up for dis
cusslon. His amendment proposes 20 incorporate
| Bank. the United States To subscribe hl;een
millions, and the States to be permitted to tax the
stocks owned BY their citizens. to the amount
they may tax the stocks of their local banks
There are other provisions in his proposed amend
men, not necessary to mention Aih0' the ques-
ton before the House is, that select committee
be raised t. investigate certain
he bank, still the speakers have discussed the
whole bank question as fully, and with as little
restriction, as they would have done. had the bill
tn recharter the bank been under consideration.
Fnlowing the example of others, Gen. Root first
showed that bank was indispensable. In ad-
vering to the remarks of MIR. Cambreleng on a
former day, he said his colleague had charged the
bank with having committed seUen felOnies, and
fifteen misdemeanors; and that he wanted to pack
a jury, contrary to the common law doctrine. to
| g. III E,rk
self, he was unwilling to depart from the sauta
~ principles Of the common law trial. found so
necessary in the administration of justice. and
which could be claimed by every subject in Great
Britain; and he was disposed thar the charges
should be tried BY the friends and nelshbors OF a
National Bank, and not by those who had con-
sti,utional scruples. or were opposed on other
grounds. to the Incorporation of any bank. He
Showed what would be the rate of exchange in
Charleston. Savannah, New Orleans, Louisville,
| CINCINNATI, and Pitt>burg, Il national bank
should aot BE- chartered, and the effect that would
be produced on the labor of the agricuturists of
the country. He adyered to the embarrassed
condition of the country during the late war when.
he said. Montreal and Boston were the principal
neutral ports in North America-when much was
said about "tree trade and teamsters rights. ="
and when the rate OF exchange in favor OF Boston
over New York. was fifteen or twenty per cent.
A national bank, at that time would have equal
lied the value OF money throughout the UnIted
States, allowing small premium for remittance.
He could not believe, with all the benefits ma.
tonal bank would bestuw upon every section of
the country, that the President would refuse to
sign bill. if one should be presented to him.
with suitable rectrIctiOns and limitations. He
ridicued the proposition of Tbbitts; and asked
his colleagues to say, whether they would consent
that the finances of New York should be control.
led by set of bankers from other states, over
whom neither the Legislature Of New York. nor
Congress. had any control? And il they would
not. whether it proper to ask other States. TO
do that, which they knew New York would not
assent to! In relation to the resolutions passed
BY the Legislature. he said the Representatives
had been instruc,ed,-no! he was wrnng.-the
Senators had been instructed, and the Represen-
tatives had been requested. to vote against the
renewal of the charter; but that every person who
knew any thing about New York politics, knew
full we'll how such things were managed He
said there was regency there, under the desig-
nation of the Safety Bank Fund, that control
led their movements. This regency wanted to