Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-05-30
IN SENATE-MAY %, 1884.

Mr.. CLAY rose and said, that, as the morn
ing business cemed to have been gone through
he should move the Senate for leave TO INTRO
duce two Joint resolutions. He had given no.
tice of one resolution, but on reflection. ne had
thought it best to prepare separate resolutions,
which, as they were short, he would read in his
place:
Resolved, bv the Senate and the House Of Re-
personalities of the United States of america, IN
CONGRESS- assembled, That the reasons, commu-
nicated by the Secretary of the Treasury in his
I Report to Congress ofthe 18th ofDecember, 1888,
for the removal of the Deposites of the money
of the United States, from the Bank of the Uni
ted States, and its Branches, are insufficient
and unsatisfactory:
Resolped, therefore, That all deposites of the
money of the United States which may accrue
or be received on and after the lst day of July,
1884, shall be made with the Bank of the United
States and its Branches, in conformity with the
provisions of the act entitled {" An act to incor-
porate the subscribers to the Bank ofthe United
States" approved the 10th April, 1916.
The first resolution, Mr.. c. said, it would be
perceived, was a mere re-aftlrmatlOn OF one
which the Senate had already passed, declaring
the insufficiency Of the reasons assigned by the
Secretary Of the Treasury for the removal of
the Public Depostes from the United States
Bank and its Branches. and their unsatis-
rate one, and was not intended for the action
Of the other House; but only to constitute the
basis Of legislation, if legislation should be
found necessary; and to produce the effect
which, in his humble opinion, it ought long since
to have produced, in the restoration ofthese de-
posites to the vaults Of the United States Bank
by the Secretary of the Treasury without any
further action on the part of Congress. He
would not again state the reasons which had
brought him to this conclusion, as he had so re-
Gently laid them at length before the Senate.
But that was a separate resolution of this bo-
dy, and this was Joint one. To the former ii
had been objected on this floor, and also in the
country, and, as he believed by the President Of
the United States, Also in his Protest that it was
a mere abstract proposition, not necessary to be
introduced, and which would not lead to any
particular measure of legislation. He thought
that there was nothing at all in that objection;
but, in order to prevent any person from being
misIed by it, he had deemed it proper to submit
the first of these resolutions.
The second resolution states, " that all depo-
sites of the money of the United States which
may accrue or be received on and after the 1st
day Of July, 1884, shall be made with the Bank
of the United States and its branches, in confor-
nifty with the provisions of the act, entitled An
act to incorporate the subscribers to the Bank
of the United States approved the 10th April,
1916"
The effect Of the second resolution, it would
be perceived, if adopted, would be to leave the
Treasury Department at full liberty to continue
its experiment until the first of July next. 1t
would leave the public deposites already placed
in the local Banks, subject to the regular dis
bursements according to the provisions of law.
1t provides prospectvely for the lawful resump-
ton Of those relations which had heretofore eX-
listed between the Treasury of the United States
and the Bank ofthe United States, which rela-
tons had been provided for by law, and which
had only been interrupted by violation flaw