Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1835-02-16
coNeRBs.

| In Senate, on FRIDAY, dItl q SOoN -.
what is technically called m,rning business, .te
House took up at one O'CLOCK, the order oi ING
day, which was Mr.. CalhouIfs Report upon 60,
| ecutive patronage more thEonged or NOR !. {
respectable audience never attended the 'oeii'''
| Chamber, than was present on the occaslon ;;
! MIR. Calhoun addressed the'Senate at Id &c IA
support of the principles Of his report, anu Wa
followed by Mr.. Benton at conslderaoI ,en So
| 70 whom Mr.. Southland and MIR. Calhoun sue
| ceedcd in reply. In the course of Mr.. Benton's
remarks, Mr. PoindeXter called Mr.. Is. 10 oluel
| for certain words spoken, which were tan an,
down in writing and handed to the Chair. nc
Vice President, for reasons when ne assiShe;u,
pronounced the Senator from Missouri 10 oe ~
order. An appeal was taken to the Senate iro'li
This decision by MIR. Webster, and the decision
of the Chair, after debate, was reversed, oy d
vote of24 to 81. The Senate shortly afterwards
adjourned at a quarter past O'CLOCK.
In the House of Representatives, after reau,
ing REPORTS, &c; granting the use OF the Han
of Representatives on Monday evening, 10
the Temperance Society, for IFS Annual Meet-
inc; reading and passing the private bills ORDER
ed last week to be engrossed for third reading,
the House proceeded to consider the bill Tor Tue
relief of citizens of Arkansas who lost property
by a treaty with the Choctaws which Dill was
warmly discussed until the usual dinner hour'
when the House adjourned, leaving it unhhsli-
ed.
Tsr Deposits BANK BuL.-Thc proceedings
of the House of Representatives on Thursday,
upon the bill A" Regulating the Depositc OF the
Money of the United States in certain local
Banks were OF so great interest that II seems
proper 10 invite the attention of our readers TO
them with mere than usual particularly
The Sd section of that bill, as reported by The
Committee of Ways and Means and intended
to be passed, was in ne following words:
Sec. 3. Ind be IL further epacteA That no
bank shall hereafter he selected and empioyed
b. the Secretary Of the Treasury as deposito-
nv of the public money, until such bank Shall
have first furnished to the said Secretary
statement Of its condition and business, setting
forth the amount Of capital paid in, and OF the
debts due to the SAME Of the moneys deposited
THEREIN. of the notes in circulation, and oil he
specie on HAND; list of the stockholders, and
of the number of shares he'd by each; the cur
rent price of its stock; and, also, copy OF It's
charter; and likewise, such other information
as may be necessary to enaple NM 10 Judge Vi
the safety OF its condition
A motion was made by Mr.. Binney to amend
this section, by inserting after the word same
where il occurs, the words distinguishing the
several kinds thereof" after the word therein,
BY inserting the words distinguishing private
from public depostes, and the deposItes by
Banks from other deposItcS, setting lorth the
names of the respective Banks, ana the
" amounts deposited thereby after the word
hand, by inserting the words "spechyinG me
RESPECTIVE amounts Of gold and silver, its real
estate, its investments in stock or otherwise,
showing the different kinds thereof"
The 4th section of the bill, us reported by the
Committee of Ways and Means stood as lol-
lows:
Sec. 4, And be IL further enacted, That the
said banks before they shall be employed as the
repositories OF the public money, shall agree 70
receive the same upon the following terms and
conditions, viz:
FIRST. They shall furnish to tine Secretary OF
the Treasury from time to tnle as often as he
nav require not exceeding once week, state
mcnts setting forth its condition and business, as
prescribed in the foregoing section of this act,
except that such statements need not unless re-
auested by said Secretary, contain a list OF the
stock holders or the number OF shares held by
each nor copy of the charter And the SAID
banks shall furnish to the Secretary OF the Irea-
sury and to the Treasurer of the United States
a weekly statement of the condition OF his &C
count upon their books. And the Secretary of
the Treasury shall have the right, by himself, or
an agent appointed for that purpose, to inspect
such general accounts in the books of the bank
as shall not be construed to imply right OF in
speeding the account OF any private individuals
with the bank.
SECONDLY. TO keep IN us vaults, or me vaults
of other banks, an amount Of specie equal to
one fourth the amount Of its notes and bills in
circulation, and the balance OF its accounts with
other banks payable on demand; at the same
time
THIRDLY. To credit, rs specie all Sums de-
posited therein to the credit Of the Treasurer of
the United States, and to pay all checks, war
rants, or drafts drawn on such deposites, in spe-
Gle, if required by the holder thereof.
FouRTBLy. To give, whenever required by
the Secretary Of the Treasury, the necessary ia
cties for transferring the public funds from
place to place within the United States and the
Territories thereof and for distributing the same
in payment of the public creditors, without
charging commissions or claiming allowance
on account Of difference of exchange.
This section Mr. Binney moved to amend as
follows: Strike out the I'd article OF the section,
and in lieu thereof insert the following: " To
keep in its vaults an amount of specie which,
together with the balance OF all its accounts
q with specie paying banks, shall be equal to one
fifth Tas first moved il was oRe-towh, but mo-
dified by the mover so as TO reduce the proper
ton to one-f(lh1 Of the amount OF It's notes and
hills in circuIatiOn and its public and private