Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-05-20
,Eygclaay-6ourGsa Congress--Isssess
Saturday, May II, 1895.
IN SENATE

IN SENA l.. -
Messare was received from the President Of the u
Staes, by Mr. DsnaIson, his private Secretary.
Mr.. Ga 7ton, from the Committee on the judiciary
reported bill! for the relief Of Richard u stockton anu
others, Email contrac.crs) which was read twice NY
unanimous consent considered in Commute" o. the
Whole amended and ordered 10 be engrosscd Tor hnd
reading.
lt appeared that the present Postmaster General had
regarded the supplemental contract with Stockton and
Stokes as Illegal and payment to them had been confined
10 the limits Of the original contract. The b! provides
for additional payments under the Judgment OF the 3D.
| citor Of the Treasury.
Mr. Hubbard remarked lha, he had taat morning re-
cevcd -thrcuptht the medium of one Of the public jour
nails Of The country information, which had created IN
his mind no inconsdeIab!c degree Of astonshment ana
which information he PRESUMED would p'sducs Ike
asgTasp:ind Of eyei5+ individual Eb'-:'eud De
: made ac0nainted win the facts He had noticed that
the Legislative Council Of Florida had recently csta-
blished "bunkng Institutions, the maximum OF whose
apila amounted at least twelve millions OF dollars
transactions of The Territory; but it was however, al
amount cf banking capital quGdrHplc The amount "i
banking capital employed in his own State, with popu
laon Of nearly three hundred Thousand white male IN
habitants while there moi, al this tine, within the
Territory sufficient white population TO enttlc Florida
TO place among the States of this Union There had
been established Life Insurance and Trust Company,
with banking powers 10 he located al ST. Augustine, It's
MA ximuin pta amounting four millions of dollars
The charter OF this company extends tor the term OF h
ty years. and it possesses the power of establishing
branches any part of the Territory Beside this trust
company, "thcGe in Florida, lie learnt, several
other moneyed institutions; the Union and Central blLks
al Tallahassee; with three the other with two nil
lion uf capital; and he believed That il would appear If
an examination should take place into this suh"c that
in the Of the last winter the Territorial Govern
mcnt of Florida had established "bankiny companies 1t
Pensacola, and at ST, Joseph the maximum capital Of
each consisting Of three millions Of dollars. From what ne
had stated, it would result that moneYed institutions had
been recently chartered in Florida whose maximum
of dollars. This is, however, not the whole story.
1t will be found upon examination, he lat d0nbt,
that other mcneyed institutions had been previously
tablished at Pensacola and in other parts OF the Terri
tory All this las he had remarked bcioc) may be right,
necessary and proper the condition. the state, the CON.
merciai business may demand this most extraordinary,
if not alarming increase Of the noneyed institutions OF
the Territory But it may DC ,crong; may proceed;
man spriag, from that unc0ntr0tiadc spirit fer sPecHa
iion 1rkich is nLroad in The tand He would not FEc
sumo pass judgment upon these transactions. the
account given had made strong impression upon his
mrd and he felt it TO he his dnty to bring the matter to
the notice of tho Senate He had prepared resolution
in,ructiug the Committee on the judiciary to inquire
into the character, condition and the amount o: capital
of the several moncyed institutions exercising banking
p.wcrs which have been chartered within Tie last three
years BY the Territorial Government OF f!orda and 10
report 10 the Senate, whether in their opinion any pro-
ceednr on the part Of the Senate any legislation
the p1rt Of Congress is necessary.
He could doubt but that Congress possessed 81.
pervsory authority Territorial Legl$Ia'i1n That
Congress possessed the power TO dsPProve OF and 10
ann the laws which mig ht be enacted by the proper au-
lhori,y Of this Territory This wass impression; and
he believed that statutes would show that We
had disapproved and declared Hpll and void egs
ativc Of Florida years after the act had been ap
proved Al any event. he believed it competent for
The Senate to express its opinion. lis views,
upon the Legislative proceedings ni Florida, 10 which
lie had referred He would therefore ask leave to pre-
sent the resolution he had prepared and he hoped The
Senate would adopt it, and that the Committee The
Judiciary would investigate this whole matter, and make
report whether the business Of the Territory called r3r
this increase Of her moncyed institutions For himself
he most conscirnlously believed that there mml-
ncn danger that the creduiOus the Moughcss Tic con-
fding portion Of community may be overwhelmed IN
this dcuge Of Speculation which is now spreading over
our beloved country.
Mr. Hubbard then submitted the following resolution,
which lies on the table one day
Resulted, That the Committee the Judiciary be in
slructcd inquire into the character condition, and The
amount Of capal of the several banking institutions
which have been chartered within the last three years
By the Territorial Government Of Florida and that they
report the Senate whether in their opinion any legisa
ton OF Congress is necessary 10 dsahrm the establish
mcnt OF said charters.
The bill 10 determine and settle the Western mot
Noriern) boundary Of the State of Missouri read
third time and passed
Mr. White from the Committee on Indian Affairs,
made report The memorial OF John Ross and others,
Cherokees The report was laid on the table and order
ed 10 be plned ~
IL t.,
made report, which ordered TO be printed, accom-
panied by bill for the establishment Of Naval Acade
my. The bill read and ordered to 4 second reading
RELIEF OF TIE DISTRICT.
Mr.. King, of Alabama, from the Committee on the
District of Columbia, reported bill referred TO them,
for the relief of the three city corporations Of the Districts
and the Senate, his NOTION proceeded to consider It,
On motion of Mr. King of Alabama, from the same
Committee that portion OF interest which is now due
the Holland debt for the canal, was stricken out, thus
reducing the appropriation abuut 5000 600, and conhn
ing the payment of what is now due, with interest
thereon. "
Also on his motion, the second section of the bill
which transfers the canal stock from the company to the
Government, equivalent for The payment Of the
debt, stricken out.
On motion Of Mr.. Leigh, this vote the second
ton of the bill afterwards reconsdered, and the for
ner vote was negatved and that section reinstaed
in the bill by yeas and nays, as follows:
Icas-Nlessrs Black, Ewing of Illinois Kent, hing
madge Walker, Wall, Webster, Wright-13
.Nays-Messrs. Benton, Brown, BUCHANAN, Calhoun,
Clayton, Crtenden, Cuthbert, Davis, Ewing Of Ohio,
Grundy Hil Hubbard, King Of" Geo, Knight, Leigh,
Moore, Morris, Niles, Prenllss, Rves, Robbins RuO-
binson, Rugges, Shepley, Swift, Torninson-26
Mr. King Of Alabama, then moved 10 strike out The
second section Of the bill, and insert substitute requr-
ing the stock be deposited security to the Govern
ment on the payment of the debt without subjecting the
Government 10 the payment OF future assessments
the shares of said stock. This motion prevailed.
The bill for the relief of Daniel S,enrod taken up
and debated during the remainder OF the day
On motion of Mr. Clayton, it recommitted to the
committee on Claims, and
The Senate adjourned.
HOUSE OF REPRESENTATIVES
On motion Of MIR. Morgan, the Committee of the
Whole House was discharged from the further consideEa-
ton of bill provide for the payment Of certain pen
soners of the United States at Wheeling, in Virginia.
and the same read the second time, and ordered
tie engro.scd for third reading subsequently, the bill
was passed.
The resolution heretofore reported by MIR. Conner,
from the Committee the Post Office and Post Roads,
setting apart Thursday next from twelve o'clock for the