The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1836-04-15
SYNOPSIS
OF
Congressional Proceedings.
Wednesday,, March IS, 1886.

slave-trade in the District Of Columbia, from nu
merous persons in Massachusetts, Pennsylvania
OHIO, and Michigan. Mr.. W moved that thes
petitions be received, and referred 10 the Commit
tee for the District Of Columbia. In presentin,
his petitions 10 the Senate, Mr.. w. took occasion
10 express his decided conviction that the constitu
uonal power OF Congress over the subject Of slave
ry IN the District is clear and ndisputable. II
believed, be said, "that the unanimous opinion q
the North is, that Congress has 10 authority owe
slavery IN the States; and perdaps il is equally u
unanimous tint Orer Stdrelg in tie District il ha
such righyUl auth0riy!!" Mr.. Mangum moycc
that the petitions be not received but after some
debate, the motion was laid on the table.
Mr. Benton introduced long aud labored pre-
ambe on The subject Of "EZpunging," together
with the following resolution:
"Resolred That the said resolution be expunged
from the Journa and for that purpose, that the
secretary OF the Senatc, at such time as the Sen.
ale shall appont, snail bnng the manuscript iourn.
al OF the session of 1884 into the Senate, and
IN the presence Of the Senate, draw black lines
round the said resolve, and write across the face
thereof, IN strong letters, the following words
"Erpunged By Ordd n the Senate, tLiS = dan Of
. =, m tie year ot our Lord 1856"
The Senate then spent some time upon the Bill
10 distribute the proceeds Of the Sales Of the Pub.
\ lie Lands among the several States r. Ewing
WING making speech IN tarOf Of ii after
which the Senate went into Executive session.
HOUSE.--The Contested Election occupied
some time again this day but nothing Of import
ancc vas done IN the matter This subject occu-
pies more or less attention in the House for ten
days subsequent TO this but, as we have already
gwen the result OF the action of the House on the
subject, We shall no longer include il in the rs,
nopsis' which we give Of the daily proceedings
After spending some time IN debate on the Ma.
W Appropriation Biz, the House adjourned.
Thursday, March II.
SENATE--DepoSjte Banks.--Nr. Webster rose
10 move tor the printing Of 1900 extra copies Of
the staten. NJ OF the affairs othe Opposite Banks,
transaitlod BY the secretary of the Treasury.
In making this motion Mr.. Webster called the
attention Of the Senate TO the document from the
Treasury, showing the state ofthe Depo>ite Banks
at the latest dates. lie quoted fem the tabular
statement some Of fine leading facts The i'm.
mediate liabilities OF the Banks amounted, ii ap-
pcared, To nearly seveuiy.two millions of dollars
viz. The public depositcs, S30,b7s,e79 ~ the pri
waite depoe.t.s, elj,u43,u33 ii, the bids in clIcu
alinn, s96,2l3,Gos 20.
The amount OF Specie held by these Banks, it
further appeared, was Siu,is- Gj9 81; that rs 10
sag there IS less than or, dollar specie tor siJ dot
lars debt and there Is due 10 the Government, bv
those BANKS more than three tiates The amount Of
all TIC speeis.
There arc clhcs items said be, which swell the
amounts on each si4t such Us debts dne to Banks,
and debts due trom Banks. But these are only
cqGalhng quantities, and Of no moment in the view
am taxing Of the question.
Among the mgaus oil the Deposic Banks, see
an item OF" other investments OF no IS amount
dian s.,117,24s ~. What is meant BY these
' other Investments" am lot informed. | wish
for light. | have my suspicious but have no
proofs. Sir, look at the reported state Of the Far
mors' and Mechanics Bank of Michigan, the last
m the list, The capital Of that Bank is only slju,.
eco, lis portion otthc public deposites is no less
sum than s,>l,164 -. Now, sir, phere is this
money 1t Is not in specie in the Bank tSel, All
It's specie IS only l,0l rs; all It's discounts
loans &c, are only 100000, or tbereabouts
Who're IS the rtSidue} WHY, we see where it is;
Il is included in the item due from Banks, SG1S,-
1G6 81 What Banks have got this Ga what
terms DO they take it DO they give interest for
it, Is II ia the Dcposto Banks in the great cities
and docs this make part of the other liabilities OF
these DePosltc Banks IN the cities Now, this Is
one question what are these other liabilities But,
as to these other Investments say again wish
to know What they are. Besides real estate, loans,
discounts aud exchange, beg to know what 9TH
En- Investments Banks usually make.
In my opinion, sir, The present system now be.
gins to develop Itself. We see what a compiica.
ton of private and pecuuary Interests have thus
wound themselves around our finances. While
the present state Of things continues, or it goes
on, there riH be no lack Of atd0r in opposing the /
Land Bill, or any other proposition for distributing
or etiecutaliy using the public money.
We have certainly arrived at very cytraordi- /
nary crisis a crisis which we must not trlt'e with
The accumulation Of revenue must be prevented |
Every wise politician will set that down as car
dlna maxim. How can ii be prevented Fortl-
icatons will not do it. THIS am perfectly per.
suaded OF, | shall vote for every part and parcel
Of the Fertilization Bill, reported by the Military
Committee. And yet | am sure that, If that bill
should pass into a law, it viii not absorb the reve-
hue, or sufficiently diminish It's amount Internal
improvements cannot absorb it these useful chan
ncls are blocked up by yctoes.
How, them is this revenue to be disposed OF
put this question seriously to all those who are IN
clined to oppose the Land Bill now before the
Senate.
Sir, look to the future, and see what will be the
state OF things next autumn. The accumulation
Of revenue may then probably be near htly mil.
lions an amount equal, perhaps to the rhole a.
mount Of specie IN the country What state OF
things is that Every dollar in the country the
Of Government
Again, sir, are gentlemen satisfied with the
present condition of the public money IN regard to
It's safety Is the condition safe commendable,
and proper The member from South carolina
has brought in bill to regulate these Deposlte
Banks. hope he will call 1t up that "e may at
least have an opportunity OF showing, Tor our
selves what we think the exigeney requires.
Amer some more remarks on the same subject, {
by Messrs. Benton, Clay, Calhoun and others, Mr.. $
L ,,i.ns nlrrnnn 4. !.