Vandalia Whig and Illinois intelligencer., 1834-04-17
CONGRESSIONAL.
II SENAi'E-MARcH rs. 1874

Mr.. CLAY said he had just heard through
he pubic prints, that one of the incorpo
rated oanks of Maryland, situate in Bati-
more, had failed He hal aso heard that
in consequence of a supposed connexlon
between that bank and the Union bank OF
Mary land, one of the banks selected bv
he secretary of the tretsuiy as deposito-
ry Of the public money il that city, "A great
run was made On that selected bank yester-
day, for specie. He ha, been inf1rmed
that the secretary of the treasury was a
Istockhoder to some extent, he I'D not know
how much, in tho Union hank and there
might be great danger to the pIbic moneys
now on deposite there. lie hopel it would
turn out the Union bank was s,fe and that
The secretary was not II stockhode, to such
an amount that his interest coud be SUD-
posed to have induced him to seiet hat
bank as a depository Of the pubic honey.
He had also heard that in Apprehension Of
IA run on the Union bank, treasury qrafl
had been issued in its favor for S $1,000
To that bank, and it was the duly oithe
senate to look into it. He had theretre
prepared the following resolution, which le
hoped no gentleman would object to bein9
adopted Immediately:
ResOiped, That the secrctary of the trea
sury be directed to report to the senate
what amount of public money is now o,
deposite in the Union bank of MARYLAND
on what account it was deposited, ant
whoiher any treasury drafts, contingent o.
other, have been, during the month o
March, 1884, furnished to the said bank
to aaable it to meet any demands which
might be made upon it.
Mr.. FORSYTH said, If the gentleman hat
introduced the resolution without any re-
marks, he could have had no objection t,
1t. But after what had been said bv' tn,
gentleman, he thought we ought to hav,
some time to see the resolution. 1t wa
said that the secretary OF the treasury wa
a stakeholder in the Union bank-he knew
nothing to what extent. But he had ut
hesitation in saying that the interest Of tht
secretary, whatever it might be, had no
had the slightest effec: on him in select
ing the bank as one of the public deposi
tories.
The resolution lies one day.
BANK OF THE UNITED STATES.
The VICE PRESIDENT having announces
the special order IT, be MIR. Webster's mu
tion for leave to bring in a bill to recharte
the bank of The United States for six years
Mr.. WHITE resumed, and concluded hi
argument against the bill.
MIR. WEBSTER then took the floor, an,
said that he had not expected that on
motion for leave TO bring in "a bill, such
proiracted debate would have ensued.
he had foreseen 1t, he would have been re
strained from interfering with the discus
sion upon the resolutions of the gentiema
from kentucky. In his judgment, any re
lief for the present distresses of the cour
try must be carried through congress b
the action Of public opinion out of doors
Such was the distracted state of the con
munity, that no relief could be expecte
till public sentiment gives direction
some specific measures. And with th
object he had moved for leave to introduc
this bill, with view to action upon it !
due season hereafter. But it had becom
the subject of debate, and if it went o
on motion for leave, other topics wei
likely to be introduced into it. twas vii
great reluctance he interrupted the deDat
bu, he could not consent to a thing so e.
traordinary-he believed it was the fir
time such thing had ever occurred
there had been nothing like 1t since he hi
been in the senate. He was constraine
therefore, to endeavor to make q dispos
: 'ion Of it. His object was to place Il
proposition for relief before the countr
lie therefore moved to lay the subject {
the table, and intlmated his intention TO CT