The Arkansas advocate., 1837-01-20
24th C0NGREss-21 sESSg0N.
IN NSENAATE.

o28SSa 96 \ 6a kS klfss5-G4 SESSION.
 IN SENATE.
 Tuesday, Dec. 20 1636.-Mr. Webster offered the following resolutions:
 Re&oIgsd, That the Secretary of the Treasury com munieate to the Senate the latest statements made at or for the Treasury, on the condition of the deposie banks, exhibiting, amongst other particulars the names and places of all deposte banks appointed since the twenty thlrd of June ast their capitals and the amount o pubic moneys actually transferred, and ordered to be transferred to those banks respectively.
 hesotUed, That the Secretary of the Treasury com. runteate to the Senate detailed statement of all trahsies Of moneys ordered since 23d of June last for the purpose of executing the of that date for reoI- iatIng the depostes ot the public money showing the dates and amount of such uansers-ffom what place i 10 what piace-from what bank to what Bank--and the times advised for such transfers, respectively. Also, similar statement of all transfers other than such as were made III execution of the aforesaid act Mir. Webster said he would ask for the adoption of the resolutions at this time and would make snple remark. The senator from Virginia, yesterday had Tn the course of his observations the Treasury circ lar oi July l2 read statement which he had obtan- ed from the Treasury from winch 1t appeared that cer tain banks had greatly enlarged their discounts since the issuing of that order That fact was neither q new nor surprising one. In fact 1t was generally understood that such was the case but the question IS, what banks those whicE are in such prosperous
 
 Do they consist of the state banks, of the country or ot ma jority of these
 lie understood the fact to be otherwise. He belie- ved that they the deposte banks or some of,hese banks, constituting perhaps sixty or seventy out ot I000 banks n the country It was one of the pro- nent ooects c the order to accumulate considerable sums of money ln banks the situation of which must preclude them from using 1t to the public advansos. and to withdraw these sums from banks from which the public wants could be supplied. He called for in- formation from the treasury department to enable him to see how the matter stands. He understood t 10 be the effect of the order to take inc money from banks where 1t was wanted for commercial purposes and to place It where It was not required He thought that the accumulation of the deposite banks where discounts were not wanted by the community, was an evil, as those banks having surplus on hand for which they had no use and on which they paying an interest must be strongly tempted put this surplus out on loans to individuals. The information he believed to be important; and 1t would not cost the department much time or labor.
 The resolutions were then considered and aoreed ,o
 Mr Morris offered the following resolution
 Resotued, That the committee on the judiciary in qure nto the expedency of giving the consent of the United States, that each and every tract of land which has heretofore been, hereafter may be- sold by Con- gress be liable to taxation by authority and that the several legislatures in whose states any such lands are situate, be at liberty to repeal such law or otd
 
 congress by which such state Is prohibited from lew ing any tax upon the lands sold by the United States tor the term of five years from and after the date of such sale.
 Mir. King of Alabama introduced bill to authorize the Pensacola and perdido railroad and canal compa- ny to construct railroad canal through the pub4 he lands.
 bill 10 provide for the enlistment of boys for the naval service, and extend the term for the enlistment of seamen. Mir. Niles rose, and adyerting 10 the motion of Mr. Calhoun yesterday to refer much of the message of the President IS relates to the reduction of the revenue to the committee on hnance expressed himself as less satisfied With the language of the Senator from South Carolina, and with the reference. He considered it very important far thIs reduction was 10 be efec- ted by reduction or repeal of duties 1t ought to be subject for the consideration of the committee which had charge of the great interest of the country. He wished, therefore, to refer that part of the message to the committee manufactures.
 MT. Calhoun objected 10 the motion as out of order the Senate having yesterday adopted the motion which he had submitted.
 Mr. Niles, 10 get rid of this objections said he would limit his motion much of the message as relates to the repeal of duties
 Mr. Calhoun asserted that hls implied in his inoon 10 refer much relates to the reduction of the revenue.
 he Senate then resumed the consideration of the resolution of Mr. Ewing 10 rescind the Treasury order of l2h July.
 Mr. Benton, with leave of aIr Crttenden (who bad the noor read some documents which he had reer- red n his remarks of yesterday
 Hir. Irienden then in reply to Mir. Benton, and addressed the Senate length with very consider able force and ingenuity until aometnls past o'clock