Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1838-06-01
CONGRESS-.

In the Senate, Mr.. Clay on Monday pre-.
scented memorial in favor Of National
Bank, and took occasion to offer his ideas
on the subject of National Bank general
". He believed large majority of the
People were in favor Of such an Institution,
and would ere long call for its establish
ment. He thought it should be owned and
directed by the General Government, the
States and individual subscribers. He
deemed it advisable to exclude nonresident
foreigners from holding any portion Of its
stock. He thought the stock security prin-
cipe embodied 10 our General Banking Law
should be incorporated; with such provis.
ions as would eventually reduce the current
rate of interest to five per cent, and eX,
change from any part of,he Union on any
other part to one and half per cent. Such
is the outline of Mr.. Clay's plan. He said
he would not bring forward any proposition
now, composed and pledged as the majority
Of Congress is, but move that the petition
do lie on the table. After some remarks
BY Messrs. Allen and Buchanan, and by
Mr.. Clay in reply, the subject was SO dis
posed Of
The Senate has been engaged consdera
bly, of late on bill to extend the charters
oftbe Banks in The District OF Columbia
The bill was finally so amended, on motion
OF Mr.. Benton, as to extend those charters
to the 4,h day of July, 1870; require the
| Banks to pay gu, no paper currency OF less
amount than s.; redeem all notes Of s. in
gold and silver after the first day of August
next, or sooner, if the Baltimore and Rich"
mond Banks do. This substitute was
adopted by "a to l6, and the bill was pas
sed by 81 TO g.
Mr.. J. @. Adams had the honor 10 pres
ent a petition from Goochland Co., Virgin
ia. Praying his expulsion from the House
rs a nuisance. He moved its reference to
the Committee or the Judiciary. This
was opposed by M. DromgooIe, at whose
suggestion the memorial was laid on the
table.
Mr.. Adams at the same time presented a
memorial from Iowa, Wisconsin, praying
the House to expel all Members ''criminaly
concerned" in the bloody duel. Mr.. A.
said that. since he feared if the prayer of
this petition were granted, there would be
no quorum left in the House, he must move
to lay it on the table. SO ordered. Mr..
A. had further memorial from New York,
craving for duty on distilled spirits. He
said he thought Temperance Committee
would be found very useful in the House ;
bat, since there was none, he would move
a reference TO the Committee of Ways and
| Means. So ordered.
Mr.. Boon made n statement, of which
| the substance was that he could not agree
| with Mr.. Sherrod Williams about the res
| olu,ion Of the latter, and his own as q sub
sltute therefor, looking TO repeal of the
Specie Circular. He should therefore back
out of the business.
The North Eastern Boundary was under
consideration in the Senate on "Wednesday,
on a Message from the President commu
nica,ng official documents to the two
Houses. BY these, it appears that an
agreement to run the line by new com.
mission has nearly been effected. Mr..
Webster expressed fears that the terms
would prejudice the just rights of the
United States, and the State Of Maine
We hope not.
Mr. Clay introduced a resolution calling
in the Secretary Of the Treasury and Post,
master General for copies of auy orders
they may have recently issued with regard
to the reception of Bank Notes for public
dues. Agreed to.
The bill providing for continuation OF
the Cumberland Road through the New
States, which passed the House some time
since by a vote Of 90 to so, passed the Sen
ate on Wednesday, very materially amend.
ed; Yeas 90; Nays ~.
THE CHEROKEES.
On Tuesday, the President sent a Mes
sage to the two Houses o Congress, rec.
ommending that an extension of the time
! for removal, fixed by the fraudulen, Treaty