Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-06-24

deposIes over the nc-tourtll prrt Of lis cso,I
teres at the rate OF two per csn.um per ANN IN.
Calculated for each quarter, upol the avers "1s
of the quarter, and insert an enactmeu: tia,
should, in all cases, pay egs: per cent in,.. usns,
whole amount Of the public depos!es Lost N d.
MIR. Gillet moved 10 strike o.: the w9rds .:;,o,
in the fifth line, and insert :'sad banks los, 'a'
| MIR. Dromgoole moved tost:ac ont .bc who'll. ~
the residue OF which as follows (Ii,c frs, -"oa
ing given abore} sand it sa be tie duty Of ibsp BE-
tary Of the Treasury, at the close Of each on,, e
cause the amounts on opposite in each dcpnsip hss
the quarter, to be examined and ascertained ,s 10Y
that all sums OF interest accruing nnder the proysss
of this section are, by the banks respectively sh'
the credit Of the Treasurer Of the United STAT
accounts with the respective banks" The u,o =" Ills
disagreed 10. vas
| The 18th section then read, as follows.
"SEc. IL. find be IL further enacted yh,t tho
which shall BE- in The Treasury Of the United S,7
the first day Of January, eighteen hundred and ,I.
seven, rescrvng the sum Of live millions Of do,Io. &
be deposited with the several States, in prop,-,,n
their respective representation in the Senate and U
Of Representatives. Of the Congress CT The United
and the Secretary of the Treasury shall deliver ,i,.
10 such persons the several States may au5n-;a
receive it, on receiving certificates OF dcposI,e s,
The competent authorities of such State each T., s
amount and in such form as the Secretary of II. TO-
| sury may prescribe, which shall set forth and er,
the obligation of the State to pay tn. AMOUNT rlt
the United STATES, their assigns and which s,;
tificates il shall be competent t. III" Secrr,,-.
Treasury, in the and behalf Of the United s. 'e
10 sell and assign, whenever il shall be u.ccs.,
want Of other money in the Treasury to NEE, ,,n..
lions made by Congress; all sales and assignments
ever, TO be ratable, and in just and cqu7i pro,o,
among all the States, according to the amounts rc.,
by them, respectively; and all such certificates 10y
site shall be subject TO, and shall bear all interest If a.
per crnlum per unnum, payable hayca,Iy fran Ihs
time of such sale and asst gnncn and shall be rrron
bic at the pleasure Of the States issuing the sam.
Mr. Mann Of New York moved to strike on, i:om in,
9th line the words 90 Senate and 80 as 10 leave lbs @
portion according 10 the representation in the Uopa &C
Representatives; but withdrew it for the pescD, i;vi
notice that he should it, If the following was NJ,
agreed toy to enable
Mr. Anthony 10 move the following as substitute =,
the 18th section of the bill:
SIC ID Ind he ii further enacted. That III. nor
which shall be in the Treasury Of the United State, ~
the first day of January, 1897, reseryinr the sum ~
five millions OF dollars, shall be deposited with such
Ct the several States in proportion to their respec,rs
eprtcen tation in the House Of Representative NJ III.
United States, shall by law authorize their T.su.
the competent authorities to receive the same
the terms hereinafter specified and the SccrearY ii
the Treasury shall deliver the same to such Treasure,
other competent authorities receiving certificate,
of depose therefor. signed by such compc,en, su,ho
rifles in such form may be prescribed by the S.,,e
tary aforesaid which certificates shall express The Usual
and legal obligations of common repositories OF the pub
lie money for the safe keeping and repayment lrref
and shall pledge the faith of the States receiving The
time TO time Whenever the shall be required by the
Secretary Of the Treasury for the purpose Of dctayinr
any wants Of the public Treasury beyond the amounted
the FIVE millions aforesaid: Prorided, That if any Stale
declines to receive its proportion of the surplus a1,.
said the terms before named the may, Tie
discretion Of the Secretary Of the Treasury, be deposited
with the other States agreeing TO accep, the De-
posc ind prOridcd further, That when said money.o
any par, thereof shall be wanted BY the saa Secretary
10 meet appropriations made by law the same shall be
-Itol
nearly conveniently may BE-, from the different States
with which the same is deposited and shall he called
for in sums exceeding ten thousand dollars from anyone
Stale, in any one month, without previous notice o3l
days for every additional sum, Of $50 900, which NAV c.
any time be required.
Mr.. a. proceeded to address the committee at soma
length in support Of the principles Of his amendment
and he followed by Mcssrs Spcght, Hardin, and
Pearce Of Rhode Island when
Mr.. Anthony modified his amendment By inserting
"Senatc and TO read accordng their respective
representations in the Senate and HOUSE Of Representa-
tves."
Amer some remarks by MIR. Miller,
Mr.. Vinlon moved 10 amend the second proriso in the
amendment, by inserting after the word ''when the fol-
lowing: "lor want of other money in the Treasury"
After few words from Mr.. Lewis, the amendment Of
Mr.. Vinton was ncgatiyed-yeas 20, nays 50.
After n few remarks by Mcssrs. Mason Of Virginia,
and Gaib!ath,
Mr.. Mercer moved to strike out "the representation in
Congress-, and insert ther respective federal numbe:,
according TO the last Of the United States which
amendment neratired-yeas &c, nays 81.
After some remarks by Messrs. Mann of New FORK,
Patton, and Vanderpoel,
The House took the usual recess.
EPF.&J.TG SITTING.
The committee, ut four o'clock resumed the consi.
deraon OF the Deposite BILL Mr.. Anthony a,ncndmen!
beng still pending; which, after slight modification
by the mover, concurrcd in about five clock w
vote OF l23 to so. The fourteenth scci:un was then
read and several amendments that an other part,
the bill were offered and rejected; after which the
mtee rose, and reported the bill to the House. All the
bill, with the amendment and amendments oai there
to, still under consideration IN the Housc when this
pa per went 10 press.
HDdbH,EG'Ed,Ag