Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1832-07-04
CONGRESS.

TIE Senate, on Monday, was mostly engaged
in discussing the subject Of the public lands
The question pending at the commencement of
the sitting. being on the amendment proposed BY
the Committee on Public Lands, to strike out
-. ten," and insert fifteen" per cent. to be
appropriated to the new States. Rejected, Sc
to 10.
Mr. Hayne moved to strike out the words
which provide for the distribution OF the proceeds
among the States. He was opposed to the intro
duciion of the principle of distributing the re.
venue among the States. Rejected, &c to 81.
Various other amendments were successfully
rejected, aud the bill was finally (at o'clock
ordered to third reading BY handsome majn-
rity.
In the House of Representative, the bill to re-
new and modify the charter of the Bank Of the
United States. coming up for third reading
= The question recurring, being on the amend.
ment proposed by Mr.. Wardwell, OF New York,
to give to the several States the power OF taxing
the capital employed therein.
1t was debated at considerable length BY Messrs.
WardwelI, Ellsworth, McDuffie, Root, Wayne,
CLAYTON, H. Everett, w. r. Davis, Bell, Mann,
Hubbard, Adams, Thomas, Hoffman, J. 5. Bar.
bour, Gordon, of Virginia, Bates Cook, Daniel,
Lecompte, Archer, Isacks, Mitchell, and Wick
life.
After 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. the rate Of taxa
ton shall be imposed BY such State on real
or personal property; the tax in no State to
exceed one per cent, and that the President
n,oG oh furniSh uatt IN the
Governor of each State an account Of the proper.
ty used BY the Bank or Branches therein
The question on the amendment of Mr.. w.
was put and neyatived: Yeas SO. Nays SO.
Mr. Wayne then moved an amendment in sub
stance. viz: that the Bank should pay to the Sc.
veraI States for the privilege Of having branches
therein. an annuity OF one per cent on the CAPT.
tai stock, which may be assigned to each branch,
but which he Withdrew in favor Of
Mr.. W. r. Davis, who proposed another amend.
ment in substance, viz: to provide thar nothing
in this act, should be construed to exempt or de-
priye the several States Of their power Of taxa
ton
The propr'ety Of this amendment was debated
at length. and
Mr.. Adams having remarked that it was in ef.
feet to nulify the decisions made on this subject
by the Supreme Court,
The question on the amendment OF Mr.. Davis
was put and negatived-Yeas 81. Nays los.
Mr.. Wavne then renewed the amendment be
had just withdrawn; thereupon
Mr.. Howard suggested as modification, to
insert And no bonus shall be paid by the Bank
and said, il this wa. added, he would vote for the
amendment.
Mr.. Wayne accepted the suggestion, and mo
dified his amendment accordingly.
After protracted debate thereon, in which
Messrs. Patton, Doddrdge, IngersOIl, Wayne,
Coulter, and Irwin, took part,
The question on the amendment of Mr.. Wayne,
as modified, was then put aud negatiyed-Yeas
68, Nays lO8.
Mr.. Hubbard then proposed an amendment.
that the States may have the power TO tax the
Bank branches at a rate not exceeding One-haf
per cent.
After few brief remarks from Mr. Bates. the
question on the amendment was put and mega.
tived-Yeas 81, Nays 80.
Mr.. Craig now said, it was evident that the
bill would BIZ carried in shape not very differ.
emit from what it was. He would therefore
move the previous question. 1t was not second.
ed.
Mr.. Bell then proposed an amendment, in
viz: that there should be tax on the
profits Of The branches in each State, not exceed.
ing the tax paid by the local banks The amend
ment was negatived-Yeas 81, Nays "a.
Mr.. Mercer then proposed as an amendment,
g on SO much of the capital stock held BY forei; ~
ers or their agents, there shall be paid by the Pre-
sident out Of their respective dividends on stock,
,ne 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
as he was willing to make the Bank
Is good as he could, but not as bad as he could.
The question on the amendment was then put
and negatised--yeas II, nays ITO.
Mr. Clayton then proposed an amendment, in
substance. viz: that it shall not he lawful for any
foreigner to hold any stock in the Bank, under
The penalty offorfeiture; and he hoped the House
would indulge him with the yeas and nays OIL
this motion.
The House refused to order the yeas and nays;