Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-07-17


eel might be settled in spirit OF compromise. He wished
the country know that there indiv duals the
nate who were disposed to make every effort obtain
adjustment
Mr. Grundy ioughtt would be the preferable mode to
ta!,. the question motion rcccde or insist and
let the conference follow.
After few remarks from Mr. Poine xter in favor Of
aud Mr. Forsyth against the nIoon
Mr.. Forsyth moved TO lay the bill and amendments on
the table, and Oh this motion the Yeas and Nays were
ordered.
The question then put, and decided as follows:
fedS.--McSsrs. Benton, Clay, Ellis Forsyth, Crundy,
Haync, Holiness Kane, King Mangun,. Miller, Moore,
Poindcx ter, Smith, razewe, Tyler, waggauan, White
.Nays.--Messrs. Bell, Brown, Buckner Chambers
Clayton, Dallas, Dickerson, Dudley, Ewing, Foot Free
hnghuysen, Hendricks. Hill, Johnston Knight, Marcy,
Naudain Prentss, Robbins, Robinson Ruggcs, Seymour
Ssbee, Sprague, Tipton Tomlnson, Tioup, Webster,
Wilkns-29.
The question was then taken on the motion of Mr. Will
hins, aud decided follows:
Yeds-Messrs Bell, Bnckncr, Chambers, Clay. Clay.
ton, Dallas Dckerson Dudley, Ewing, Foot Freling-
huysrn, Holmes, Johnston, Knight, Naudan, Pon,lex-
ter, PrcntisS, Robbins, Rugges, Seymour, Sisbee,
Spraeue, TomlinsOn waggaman, Webster, wlkins-26.
.Ndys-MesSrs Benton, Brown, Ellis, Forsyth, Grun-
dy, Hayne Hendricks Hill, Kane King, Mangum Mar
cy, Miller, Moore, Robinson Smith, Tazcwcll, Upton,
Troup, Tyler Wmle-2l.
80 the motion was agreed to.
On motion OF Mr.. wilkins, the Committee were then
ordered TO consist oil three members.
Mcssrs wilkins, Dckerson, and Hayne, were then
constituted such Committee.
VETO.
The hour OF eleven having arrived, the Senate proceed,
/
lying the charter of the Bank OF the United States with
the of the President of the United States assign
ing his reasons for refusing approve and sign the same
Ana me question being on passing the BILL said objections
Notwithstanding
Mr. Webster took the floor, and, in speech of some
tng more than AN hour in length, OF which a full re por
VIII he hereafter presented, examined up
on the contents OF the messages upon which he presented
e the Senate the full and frank expression of his opnion
his, he said, due 10 the President as well as the
country the present occasion. So far from evoiny
question, the President had given clear -, re
OCirCnm
hereafter should his appreciation given TO any bill
Tor the renewal OF the charter of the present Bank or for
TIE constitution oil any similar 1t appeared 10 him.
Mr.. w. said that now approaching crisis moi
only equally dangerous, but equally likely TO he embar-
RAISING, disastrous, and distressing any that has occur
req under Tins Government. Ii certain, that
without change in the public councils the charter of the
Bank oil The United States would be suffered expire by
its own Limitation. Within three years and nine months
hc remainder OF IFS tern arrangements would have 10
DC made Tor calling in its debts, withdrawing its notes
from circulation. and ceasng operations All This would
have 10 he done within that period for ahouph NV lis
charter provision was made for allowing further time
Tor me collection OF its debts &C. yet, after the expira
uon oil It's term II can issue paper nor answer
any OF the purposes OF bank of discount He said
1t hohooved all who interested in public affairs
without exaCgeraon the one side or dcluson ON
me oher' To prepare themselves 10 meet the crisis. HI
then went ON TO show the great importance of the
question: more especially TO the States with the
waters oil the Mississippi within whose limits thirty mil
hons oil active capital had been furnished for business bv
the Bank lie drew picture of the consequences likely
TO How from all this facility being withdrawn within four
years and OF the deep distress which must vitality fol-
low its withdrawal. To the people of the United States
he said, it plainly put whether in one ,yav and
III one way only (or the message left aernative) this
evil was TO he avoided Mr. w. then proceeded with some
remarks upon the Presidents objections to the bill The
hrSt which he adverted 10 the objection TO the appca
ton OF the Bank for the charter Oh the ground
that II premature So far from this objection being
just one, he said that the time application was the
latest day at which The Bank could with any Justice the
public, any regard the interest of the Stockholders
come forward the question, its charter was to be
renewed or not was at all doubtful. After adverting
to the undoubed right Of Congress exercise dscre7
ton as TO the time at which they would act upon this sub
Jcct he said neither Congress nor the Rank Thar had
rst asitaed the question: for the Executive had NOT
only but twice, and thrice called on Compress IN act
upon the subject He argued that il could moi Inc nrcn,
ure, in 1892, TO do that which the President had invited
them 10 do as far back December 1929 SC &c There
was another point of view, in which, he said this re-
mark might have been spared he reference TO
those States OF the Union extremely interested i'm this
measure, and which had instructed, unanimously their
representatives, not only for the renewal of tho
charter oil the Bank but 10 vote for it now this present
session But, he added why DISC use the fac This vas
question on which ii was very interesting all the Peo-
PIE 10 know what were the opinions OF the public SER
wants The time had come when the people had right
10 know how their servants, from the highest TO the low
est, intended upon this matter il was therefore
proper that the subject should be upon at the pre-
sent session The result proved it, No one could doubt
alter reading this message, that the question had ag
Magistrate was about 10 take place: a doubt had
existed as TO what was the opinion of the present
Chei Magistrate upon this subject; was il not fit pro-
per- and eXpeicnt, that that doubt should be resolv-
cd! In this view, the message, he said so far from
proving The application OF the Bank at this session TO
nave been premature, carried IFS proof of
being indispensable The very fact OF the constitutional
objections Of The President the Bank and that undcr
ms dupIceS, such Bank could he re-chartered or
created, demonstrated the necessity action upon il AT the
sentscsSon H"touchcd also, upon another suggestion
oil Tie message III relation TO the prematuriy OF the app
cation; which was that would be fault of the Sank
If IFS affairs not wound up within the period of lis
charter. This, he said, would be impossible unless the
Bank were governed by angels instead of men If the
interest PAID by the people OF the Western States was as
heaNy drain upon them represented by the
now much heavier drain he argued, would that be-
which, WITHIN tour years, would draw from them not only
hlS interest but the pncpaupon which the interest was
paid: lie enlarged upon the circumstances of the Wes
tern country, which made money more valuable there
than in the Atlantic States, and on the distress which
would be produced by Withdrawing from them seven and
nan millions oil dollars year. for which thew now
paying but SIX per cent interest the Bank of the Unit
ed states, upon the substitute for which capital they
would have to pay much higher rate of interest &c
Mr. w. then proceeded to review the objections of
constitutional nature contained in the message; the different
parts OF which, he minated, evidently from different
hands lie entered into argument several points
made in the message, TO show that they were either u-
founded unsound unenable. In this constitutional dis
cushion, some things were respectable aud some were
new hose which were respectable, he said not
new; and those that he left TO be Inferred
that he considered very respectable He examined
ana retuted tile argument drawn from precedent which
ne maintained was decidedly the side Of the Bank in
stead oil being against it, He against the doctrines
OF 'e message on the subject Of the independence claim
ed IOr uHeeht branches OF the Government pronouncing
without reservation, that if you take away The power Of
the Supreme Court decide whether law of tonoress
brought before them, is according TO the constitution or
not you subver the Government; YOU take away the last
gudrd-tbe last rampant OF defence. of political and
civil rights tie legislative discretion stands unresained