Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-10-12

DC aoie 10 prvht BY this compact; and could
any one not Perecise tho opersnoai There
would be combination OF banks IN order 10
obtain to themselves the privilege; they
~ou'a combine TO prepare for re,unption,
and To prevent the other weaker bank, from
rssbmios Such was Mr.. C.'s view OF ia.
case. Did not MIR kiyes see what would he
,i.e tGeer' The Bank IL the United s,a,.,
has means; Il Is strong AID would no, IA,
measure oder cbauce 10 that bank, an ill.,
duceuient To make great sacrifice. 40 order Ia
oo,sin The rrVilege1 And. tf IL did 20. IN, n
Nhst would Do our condition We should
inca nave Bank Oi the United States, We
should have a uuItCd Ststes Bark too. in .
worse form Than tia local banks. because IL
would no without any control from the Cu
'ernment. if Mr. {. wa. right iu ths,s
views, then. Of the two plans before The Sc
nate, that OF MIR. Rwes beng thus defective
~eshad no ciivlce but TO take aud adopt the
p'@n OF Co'erntnent, viz the Sub-Treasur,
system. divorce from Banking Institutions.
a'u ule reception OF nothing Jui gold aud ,,i.
yer. Mr. Z. Thought IL WAS duty of the TO-
'riftnent 10 receive LOthiug else but yoId and
'"'eF because II wss It's duty 60 prevent the
recurrence OF another catastrophe similar TO
The present, and he thought tbs plan would
pre'cnt u. VI the divorce was not now made
when could II he majci Nov ~as the tim,
or never VI Government wss not divorced
ICON TIE Banks, where would Il eujS ga a
it" years. We have proceeded. from small
nimher Of backs, 10 eight huudrei and When
would u stop Tie thought never.
Me. klNEs expressed himsclf saoni,h.d D.,
~" NI-"s u" had jlst beard brought tow Ard y,
| " tNtHoCN. Astnni,hed from, various ,.,,ts..
-"d. shove all. because the, wrr,. /, .i,,,., r,-
,r"ii. ton. not oni' 90 tat gentleman. words.
bat also 10 b's A.tion. Ne g.Ih ,un IA al rr.,,.
! " tod Tia Scns'r that hi- MIR t.ves's) pro,o-
: ,'"'n VS. compact That, IL Il IN. a,ien,,d
men ~ ell i";urS tiHc the Go,.Iamrnt " ould ls
hpnnd u receive. yea. RtSOk4irl, bound 4, 49,
4 se'r the rrtNs q the tank. Ills ri.,uti,,
~" We" i''r' OF that srutl-ulan Was tie mrr- .uf-
| pt's'ng = hen ~ crn,il'r that Nc Calhoun I'm.
srh had brought forward proposition 20 ,i,-
'.'r "n'i'r c1mro'', ~ s,y cr,ru,ct ~. ,o,-
Pilei lh lhe Proposition lac. Nc. x hid sub.
/ m.urd lis" sUuld the honorable Senator Tx
/ ~ perpetual Bud binding eymp.,ts uh.u bi,
own proposition gucs to violate the enn,oa,t
which, ~, th.re be a"y in his MIR. q ~ prpp,-
| hu.H' .,y'"Iy eNi'ls ~ the ant resolution Of
| 1910. The proposition of NJ Xiv. ~, ,J.,.
hs'i With the resolution OF 1876 ~hirh Sas >,
'''' Iaosuent the law o. thu I.nd 4, rotn,,s,t n
thc gentleman plcsSrsl which taw L.. ,..,
"i'nss i"r~sri q prop siiirn To- o,ttthro~ u,
cN' ind"g altrgethc, thr tes ot sprri,.-r,,.,
"a"Ns' sl"i talk 81 the ,soe,iN 4 = ,o,u.
! p'rt! u las MIR - pg.pg>tiun NJ. a com.
poc', tho rcsplniirr %; 1910 va. u,, .I.n. al
MI. Calhoun pioU...i. "a U,tt Ia a. t,.. al -
eomp',t W h.i Me- ',l..ap nstt..,r.t-,. DO.
dong 'm 1910 hr uI- ,.li, lr,,Vti. ...i
s''A u'N IT'S subject g. i.s- .rs.,- .i l.i... -
'''~s ihe hoo Table - % .,i,a ~, .., ;Ii.- q
"'m>eli a. chairman u t,r COMMITTEE. a- Quo,
re"rN, VA lbit, reported . l. n "a u.its -ut ...
'"liies against thu bauts if tn, did ,, r..,.r.
/ 'prS'e 'NmChts' And INV H., praf,,sv,Il ,,,.
"rr"s'd I" e"rreion! D'd H. n'i prul,o.r p
stomp 'A> on The nutcs at hanks ~Lieh shosl
re- fITf.f4 40 4.
luton at iSiG' II the pr,s.,,, ,,r.,.o,.,,I Il.
compact, Was not the prnpJs ;,ur H.. III. ,u.-
| ported compact too But utd lac ibr,. n, -, ii,
a. compact Discs hc now e, gsr,l it a. a com.
pact With bIu IN has hsUd To rrpcsl ~ The
re 'oluiiun Of 1916 made th,. notes If s,r,;..
P'y'"g banks receivable; h,s Mr. r., promo
sit'on did the same thing Their /, NJ ,,ia' .,
ehee ortSren tue tao, Eud d., iusiIed NJ, e. 4,
ence.
MIR. CALHOUN said IL tn wording oC the re-.
solution at lSI6 was not I.laiu, IN, fact, ~.t,.
I ~ thsl un.' Congress had incorporated the.
Bank oi the Cuiicd StojcS. aud felt .I.urnI,ut
h'rri"Tr, ~ U'c State h.uk. They r.uIJ ,.'
On s"ho". thcn, unless thrS should choose Ia
'sh IN val, tie euIrent. bet MIR e.. thought
'hIs b'' did create IA expectation on the part Of
the banks IL prop0Erd son, thing tp be- ,iou- h,
them, ~hieh, IL they did, Con.Tras Was IN do
something ia teluri,, aud the responsibility of do
ing Was assumed on their part. Mr. C. - coll
RESCUE had insisted that there vRs . virtual com.
pact bet~eem the Government aud the States in
'r'Auoh TO the deposiics' though Mr.. e.. hsd re-
shrhed that as ONLY a discretion 20 the Srcrr,,ry
OF the Treasury. lie believed tb, Senator from,
virginia ~As mistaken IN the opinion that the
beneht oil las bill would not be mououoltz.d Ly
the United States Bank aad its associates. Il
sS nigh boon' and MIR. T.. Mas certain that
'h-t bsnk would regard the hill rs q compact
aud q had the capacity, through it, comm kim,
with tIe money hoid,rs ia Eurspr. to CoisI ,h,.
| eo"dhinn 81 the bill, aud Il would fulfil IL anil
Take thc benefit, snd insist On the hill a. = CON.
pact b" Bank q tie United States ~As ia q
| fmsiNHb atiihdr, sud had = rcmat < able man
." ~ ",."' mo vas not surpassed by any hnsn-
| 'lrr 10 Europe, or any other cutliIrN This Va,
TIE strong Institution Oi the cOtintTN-had u,or,.
ereuil here and abroad tLAn any other and wss
able To turn thrs- umvs To iulinrnse profit. n
'his "eN temptation were placed before him, the
policy OF the President 81 thst hank would be
ehure'y changed. No msH saw more eiearl, ih..
| SNAntHses OF such a measure as this than MIR
b'ddI-. Tie Vas opposed, NJ bottom, 90 the ere
| HiOn oi Ouitrd States ilauk lest IL shnuld
oserthA'iou his own. aud lac sh0uld b-rn,n. ,I,,.
meie Ilanet U greater corporation. Ib,r.
VOL - real ar'g -lr With the Govcrnnrnl.
:" Mr. = = oPi"'pn, ucrt hc Tirst o. receive IL.
! prize bald 10 lie BY this bill NJ. e.. rcst,,teh
I the m-n. Tor Z knew b, hid toue his ,uiS ell.
Hnd With great hiiriii, 90, brh4lf at ia, too io-
! "stu'iohs over which h. had I,re.id,4i. IIr w..
! worthy "i the high dcttiui,s Shieh Ls had al
tsincds but Nr. e.. would resist him rrD,r nou
! Than u he ~rre certain there would Ice a me-.
baik oi tic United ststes; sud: Ia doing 90 n,
N"oid set ~ Senator ftbn South Ca,oI,r,
/ ought 10 at, looking back u iic eo,irs.. ~L,,t
lee had Pprsned ior the benefit of his eon,ti,u.
rhs hnd the rcoplr. not oniy Il ,I., ~b.le
I"'on. bat of tc particular section. ahel, lac Re.
( IL, seated.
ssTuHDaT, sFFr .
/ he hill he'ng sEstp under confederation
/ Mr NlN - fosv. std s.,d be wn.lI .sk I.s,..
~ The otnaic 30 ~ - ~ai.is ~htch n,,,,,t
I % ssy Yesterday, Lut vs. pr-v-ot-,, bv a..
/ sFeHking ~ snuiiief S.nft.r SIR Brutlu Nc
! h sai1 w. ruse % prat,st *. ust co.. fnsnr,r b.,
| rh'th tins qitft'on bat brtu. aud so.iiru Z,
| D. ir"std. Wy The Stn4iof from south C.rui,,.,
/ bat EeHil.msn aEufd 80 ~ ti.,te uete sar.
o. "ips'iuu istsre Zee Senate e. rr-,si .ilisi, t
Ha'k g tie Upitsd States. 90 ~ confer ann tb.
I eN'"i's Prur Hank ~ ttc Uln.I State, ,s4r.
spec 'ai d impnttstt ruslv. r. lido. s. scemto mo
3 We. Ffttidrtt tRst his pcrprt,li nd rfstib,t.
'Hir-duti'7f ~ ue lisnk 81 tby ts.t.d ~ g..
iH'p tltt, drhair, t'l uiiri "a has 30 eslb-,tao
~ y So al.fin .~ iif'ag ihstiDns oi rfste srt.ts
o. h.t pI.I tsii.rst 90 tl,- ta'riufta sif.a fi.
, = thr gvnurn.nf r.us. Mg.h o., t.,,. ,..I.I
I ~ q knn'cHt az c.bilHdu iltr tntIt lf az u.
{ ltarIaftrus ifafr lfrsf t.su tit .., .,,..