Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-02-14
CONGRESS-.

addressed the Senate in "an eloquent and lucid
speech" OF an hour, against it, but bsing indispo-
sod, did not conclude
On Friday, in the Senate, the following rcsolu-
tons, offered by Mr.. Sprague, were taken up, but
again laid on the table, Mr.. Sprague observing
that he did not wish to press their consideration
present. 1t may DO said that they ..takc tho bull
by the horns"
Resolced, That the late .sarraneement" mado be
tween the Executive of the United States and
Great Britain relative to the trade between this
country and her colonial possessions gives Bri-
fish vessels advantage in transporting articles
4 their West India Colonies greater than is secured
10 American vessels, and violates that principle of
reciprocity in navigation which our government
mas heretofore sedulously and firmly cndeavored to
maintain.
Resolved, That said "arrungemsnt" and the
| Presidents proclamation of the 5th of October,
A. d. 1880, opening the ports of tho United States
to British vessels, net authorized by the act
of Congress of 29th May, 1885,
The Senate then proceeded to the consideration
of Mr.. Clay's resolution.
THE TARIFF
The special order of the day-Mr Clay's resolu-
ton, proposing modification of the Tarif-was
taken up.
Mr.. Hayno said, that he had received a commu.
| nication from the gentleman who had, as Chair
| man, signed the memorial of the late Free Trade
Convention, Mr.. Gallatnl giving him the intor-
nation that an erroneous impression had been Gro.
| ated elsewhere AS to the PRAYER of that petition
| from some remarks which had fallen from him
lMr. IL. on that subject, and which had been erro-
neously reported. MIR. Ill. said he roso to correct
that Misrepresentation, and would do so by simply
reading that part of the memorial which related to
tho subject. 1t was in the following words, viz
| "Iour memorialists respectfully pray,
| "lst That the duties be reduced, as to leave,
after the extinguishmcnt of the public debt, only
that amount of revenue which may be necessary 10
meet the ordinary exigoncies of government
! ''2dly. That allowing reasonable time for a
gradual reduction of the present exaggerated du
ties on some articles, not free of duty be ultimate
iy equallZed SO as that the duty any such arti.
Gle, shall not vary ultimately from the general ave-
rage rate Of all tho duties together, or in other
words, from uniform duty ad valorem on all I'M
| ported articles subject duty.
"3dly. That wines, teas coffee and similar ar
tclcs, be not added to the list of those now free
OF duty, but on the contrary, be subject to duties
corresponding in proportion to their respective val
ne, with those laid on other imported articles sinh
| ject To suty."
| Mr. Knight made some statements OF the i'm
ports of flour and corn into Providence, in differ
ent years, to show that, contrary to the assumpti
on of the Senator from Virginia Mr.. Tyler1 the
importation and consumption ofthose articles had
been increased since the tariff wont into opera
ton.
Mr.. Tyler resumed his remarks against the res
olution and in reply to the speech Of the Senator
from Kentucky [Mr. Clayl and, after speaking
about two hours, without concluding, gave way to
u motion to adjOu and
! The Senate adjourned to Monday.
Ia the House Of Representatives. on Thursday,
the Apportionment Bill was the only question of
interest. Various efforts were made without sue
scss to strike out the ratio of Al 400 adopted the
i day before, in favor of othor numbers. When the
House adjourned, motion of Mr. Clayton of
Georgia. to reconsider the vote striking out As 600
and inserting 4l, 500, was pending
On Friday, Mr.. McDuffic from the Committee
of Ways and Means, reported a bill to re.charter
the Bank of the U. States. Mr.. Alexander of Vir-
gnia, on behalf of the minority, made Counter
Report. The National Inteligcnccr thus reports it:
A BILL to renew and modify the charter OF Tia.
! Bank of the United States.
BE it enacted, &c. That tho net entitled ian
act to incorporate the subscribers to tho Bank of
the United States" approved the 10th day of April
1916, shall be continued in force for the period oil
i twenty years from the Sd Of March, 1886 and that
the power shall be reserved to Congress to RENAL
this act at any time after ten years from the 3D. o.
March 1886, upon giving three years police o.
such intended repeal to the President and Dircc
tors of the said Bank.
And he it further enacted, That the President O
the United States, after the Sd of March, 1896
shall appoint of the Directors of each of Tho
branches of said Bank, in the manner AS Inc
now appoints portion of the Directors of In,
mother Bank, and with the same limitations as tc
their eligibility and term ofservice.
and be it further enacted, That any officers o.
the mother Bank who may BIO selected by the
Board of Directors, and designated to the Sccreta
ry of the Treasury of the United States shall bs
authorized to sign and countersign notes, which
shall be binding and obligatory tho said cor
poraton, in like manner, as if the same were
signc5 and countersgned by the President and
principal Cashier or Treasurer.
md be it further enacted, That tho said Bank
is hereby prohibited from issuing any notes which
arc not upon the face of them declared to be paya.
bic at tho Office from which they may be issued
and also from drawing any drafts or checks foi
twenty dollars or any smaller sum.
ma be ii further enacted, That it shall be
duty of the Bank TO furnish annually, on tho frs
day of January, TO the Chief officer Of the Trnasu
ry of each State, list of the holders Of stock il
said Bank, who residents in such State, Will
the amount of tho stock held by each stakeholder
and nothing contained in the charter Of Che sale
Bank or in this act, shall be deemed to restrain
the several States from taxing the real estate o
the said Bank situated therein respectively or tn,
proprietary interest Of their respective citizens in
j the stock Of tho said Bank, TO the same oxton
that they may tax other real estate within the
jurisdiction and like interests in the stock IF othc
> corporations, money lent at interest
n Ind he it further cuGctcd, That in considera
o ton Of the exclusive privileges and benefits con
t ferred by this act upon tho said Bank, the Prcsi
dent, Directors, and Company thereof, shall
pay to the United States, out of tho corporate
n funds thereof, on the Sd day Of March, 1887
and the day of each year thereafter, durin
the continuance Of the charter an interest at th
$ rate Of -- per ccntum upon the deposits from
time to time to the credit Of the Treasurer Of th
United States in the said Bank and its braHche
. during the preceding year.
c AMI he II further cRhcted, That, after the 81
. day OF March, 1876, The said Bank shall not es
tabiIsh any additional brach thereof, without tn