Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-03-03
IN SENATE

After Mr. Med concluded. the House took recess till
seven Clock agreeably to vote of Friday
IN SENATE
Tuesday, February 2S, 1882.
Mr. Marcy, from the Committee on the judiciary, TO
whom had been referred the bills from the House of Re-
TO alter the time of holding the Courts of the
United States for the Western District Of louisiana and
the District OF Staunton, Virgnareportcd them several
ly without amendment.
THE TARIFF.
The Senate the consideration of the special Or
der Mr. Clay's resolution and AR. Dallas resumed and
concluded his speech in its support.
Mr.. Forsyth then took the floor, and after speaking
some minutes, gave way to an adjournment; and
Tho Senate adjourned.
HOUSE OF REPRESENTATIVES,
Mr. Doddridge, from the Committee on the District of
Columbia, made report much of the Presidents
annual message related TO the propriey granting
The Gizens OF the District Delegate to Congress To-
cal Legislature, concluding with resolution dissenting
from the views the President asking TO be discharge
cd from the further consideration of the subject The
solution concurred in.
MIR. Root, on leave, laid the table the following
amendments, which he contemplated moving 10 the bill
re.chartering the Bank of the United States when il
should come up for consideration.
dd be 1t further enacted That after the Sd dav of
March 1885, there may be added the said Bank by the
United States 100000 shares amounting 700 OOO
be pad Tor by the United States in stock be created for
That purpose, and bearing interest of three per cent
per anun payable quarter yearly and made
at the pleasure of the United States.
"fnd be ii further enacted That il shall not be law
iul for the President Directors and Company of the said
Bank, TO sell and transfer than three millions of the
any part thereof, at any time without previously giving
notice oil their intention to the Secretary of the Treasury
and giving the u $ the refusal for fifteen days, of pur-
chasing the same, at the current market price.
ind De further enacted, That of the wenty-iv d.
rectos for the management of the affairs of the said ncor
u $. by and with the advice OF the Senate
not more than five OF whom shall be resident in any one
State.
-dd be further enacted That the notes or bills the
mother bank any OF its Branches shall be receivable at
the mother Bank any of its branches, in payment of
debts due TO the said corporation.
The rst Bank Incorporated under the Constitution of
the United States gave bonus of one million five hundred
thousand dollars for its charter 1t offered the like sum
for the renewal of its charter in 1910. The present Bank
paid the United States the like bonus for its charter and
upon the same principle ought to pay that larger sum
for its renewal extension But, some of the States
have claimed and others may be DESTROYS possess the
right of taxing the said bank its branches within their
respective Jurisdictions and being highly mportan that
harmony between the General and State Governments
should be cherished and Observation-Disclosures
ne ~ JnTfher enacted That in lieu OF such bonus the
right OF taxing the said Bank and its branches the same
manner and to the same proportional extent they do
their own local Banks, is conceded the States respect
lively in which the same may be situated.
The amendments were read, and directed be printed
UNITED STATES BANK.
The following resolution presented by Mr.. Clayton was
again taken up.
Resolred, Thata Select Committee be apponted 70 cx
anime into the affairs of the Bank of the United States
with power TO send for and papers, and TO report
the result OF their enquiries to this House.
The debate upon this resolution was continued until the
time of adjournment From its length we are unable al
this time to give than rapid sketch of the leading
points OF the former part.
Mr. Patton said he did not intend to 60 into the cons
Iteration whether the charter Of the Bank should be renew
ed. Upon the question before the House tbat y;eyy
would be Irrelevant and dsordery He estimated the in
stution as OF much so MANY in
teress of the highest magnitude that il was the duty of
every member TO regard in all its bearngs-to carefully
weigh In all It's parts, with resolute determination to
follow the path of duty He utterly disclaimed all hone
or that the enquiry proposed would prevent
seasonabe deberaon and decision 1t had been suggest
ed that this proposition had been adopted get rid OF the
bill before the House He would countepance no scheme
which intended by side blow TO leave the country
in doubt as TO the ultimate fate of this institution Ii was
due to the country well the Bank and the vast in
teress dependent on for evil good that the oues
lion be lary and directly met 1t had been said out of
DOORS that this resolution was supported by those who were
friends of the Bank, and were friends of the President
oil the United States TO prevent decision of the House
on lhe Dill the present session. AS a sincere po-
hca supporter OF the President he thought the great
est injustice and injury done by such sueees-
tons. He knew that in some parts of the countrv do
President assaed the ground of his enmitv 10 The
Bank, while in another he is denounced because he was
its friend lie (Mr P) regarded the question independent
the depression OF another He would take for granted that
all the members Of the House came TO the consideration C
me subject with the same feelings he claimed for himself
Inc present proposition TO institute Investigation
into the transactions Of corporation that exercised con-
trong influence over the and currency of e
country. IL was corporation, invested under IFS charter
win powers oil vast extent and Importance They have
called upon US as the representatives the nation 10 grant
them these Enormous powers for further term of 20 years
Inc Ig
satisfied that examination into the manner in which tic
powers have been heretofore exercised is proper Shall
S9ch an enquiry be rcused' Shall be stated that this
rouse refused to enquire into the management of The
Bank, even when il had been guilty of rsury bv tI,e
Judgment OF the Supreme Court of the United Saies2-
The gentleman from Georgia (hIr. Clayton who nrcssnt
ca he resolution, was unfortunate in calling hi, list of
charges an Indictment il was rather in the nature of pr
sentiment placed before the House grand Jury whose
duty it is to investigate and inquire into the facts We are
told That no proof has been offered Sir proof is the very
OBJECT OF the inquiry II Is our duty examine the pro-
ceedngs OF ibis corporation all Of whose proceedings are
within IFS own CONTROL in order TO ascertain whether these
charges made out Much has been said of the deIca
cy OF credit-tha it like female reputation which
would not bear to be breathcd The certificates of
character That have been procured by the Bank and pa
rsued pere-he buying golden opinions from all quarters
shoud take away all iasdios deicacy on this pont The
whole argument of the gentleman from s. G. MIR Nc !
DnlheO against tie resolution, nulifed by his adj
nsson That II the charges had been presented month
ago meas friend of the Bank would have voted in its
avo me statute Of limitations Of the gentleman was
certainly short Shall all enquiry to the past transac
tons of the Bank on the faith of which thev ak C,r,I