Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-29


will adjourn the week thereafter. We annex our
respondence.
jFron, our Correspondent Rothsctld-No XXxIILl.
WAsHlSaroS Sept. 26 tn, 1887
The ghost Of the National Bank that has bsen ho-
yering aboat the Senate chamber since the 4th
Instant was seized this morn ng by the Committee
Tinance, brought up before the Senate, bound hand
md foot and put to second ignominious death, by
hrty-fye arrows, each one to the heart. 1t will
lot trouble the deliberations Of this august body in a
mrry again. The ghost begged for mercy. Fifteen
Senator'S stood up and pleaded manfully for its life,
promising that tAey would guarantee il should leave
the country till the majority of the people should call
IL back. The Consus were memorable. Poor ghost
prayed for cloak TO wrap Itself up that 1t might die
decently This was refused Senators Benton,
Roane Allen, Smith, Of Connecticut, Tallmadge
and Rves, upbraded the miserable ghost IN the most
abusive manner, and then let fly their arrows. But
when the spirit saw Calhoun lifting his bow, il ex-
claimed Eft III Prlte! and fell never 10 rise again.
The remains have been gwen to Mr. Benton who will
bury them in Jefferson city Missouri.
But to come 10 sober fact, the Committee on Fl
nance reported few days ago in relation 10 seve-
raj memorials praying for the establishment OF
United States Bank that il was lnexpedent to grant
he prayer of the petitioners Mr.. Wright called up
this report this morning, SO as 10 take the sense
Of the Senate upon il. Mr.. Clay wished 10 amend
it to make the port convey the declaration that
SO majority Of the people called for Ma
tonal Bank, erpiicit one should be chartered. Ser
found il nconvenientto agree to the night of m
struction in this case. Mr.. Tallmadge moved coun-
ter amendment-that in the opinion of this body ma
orty of the people of the Union is opposed TO M
ted States Bank and therefore that it was nexpedent
to grant the wishes of the petitioners. Mr. Clays
amendment was lost and this adopted The latter
gentleman moved TO add after the word petitioners
"but that whenever il should ba clearly ascertalned
that majority of the people shall desire a United
States Bank that ought 10 be incorporated."-
This too was lost Mr.. Tallmadges amendment was
neQaived and the original report OF the COMMITTEE on
Finance adopted 1t ran thus The Committee
Finance, 10 whom referred sundry memorials
asking for United States Bank beg leave TO report,
that the Committee deem il nexpedient to grant the
prayer OF the petitioners.
Now for the modus operdndi and the motives of
this move. With alarm, II was seen that the best men
of the party falling off in the discussion upon the
sub-treasury BILL Mr.. Clay spoke. His opinion, that
there was no cure for disease but National Bank
was dreaded. 1t might draw others off. What's 10
be done? Cut off all hopes from this quarter Get
vote on the expedency of Of National Bank and
shall at least defeat the opposition. Th!rty-one
Senators have decided it is lnexpedent to charter
National Bank. The subject IS now narrowed down
TO two measures -separatlen, or State Bank connec-
ton. The Senate is therefore forced to choose be-
tween these two schemes great advantage is gain
ed in the declaration of the fact that under present
circumstances the Senate Of the United States is still
opposed 10 National Bank. Men without hope of
carrying their favorte scheme fly TO the first alterna
tive that presents itself.
By destroying all expectation Of a national bank, II
is thought that the opposition will divide and that the
sub treasury plan may get supporters from this quar-
ter In the midst Of all these twstlngs and turnings
see no hope for the country. Ii must 60 on 10 suf-
fer or fall under new expedients. For my own part
hope the sub treasury and separation plan will sue
coed. IL will drive heparty from power sooner than
any measure it can adopt. The very destruction Of
value it will cause, will turn mems minds, unless We
are mad Woe unto banks and debtors If separation
of bank and state ensue! l still hold 10 the opinion
that no decision will be had Mr.. Cahouns amenc-
ment this session. Mr.. Morris submitted a further
amendment to his proposition today. He IS for linn
ting the receipts of bank notes under Mr. Calhouns
spuaons, TO all banks that shall not issue bills less
than twenty dollars. How many banks will have
their notes taken on this proylso? Scarcely one.
Some hopes are entertained Of the success of Mr..
Rives bill If the opposition vote for il in mass IT
will pass The friends OF the country in lis present
prosperity will take il as the best alternative.
| have heard il said that Mr. Van Buren, is perse-
verngn this separation scheme 10 bring about ex
preston of public opinion favorable TO national
bank. This is mere surmse. The opinions Of his
chef minister are the index Of Mr. Van Buren's in
tentions. While Mr.. Kendall influence is felt in the
councils Of the nation, there will be federal bank.
II does not coafer power enough, for him, upon the
Executive. Mr.. Kendall is yet destined 10 high
place in this government. John g. Calhoun and he
n WELD the destnes of this nation.
iFron our Correspondent Taiieyrsna-No. XXI