The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-09-02


ing the bnl TO a third reading when sF
Mr.. CLAY rose He bad only five words 10 say
The bill before them did not propose the establish
ment OF such Bank be thoug the interest Of the
country required the Constitution authorized, and the
people expected Il short-far short OF that; but
nevertheless the bull proposed the establishment of
Bank which would accomplish two Of the great objects,
which any Bank could effect; the was the regua-
ton OF the exchanges OF the country, and the other,
the supply OF currency possessing uniform value
throughout the Union II being bill Of this descrp
ton, that would accomplish some good, the question
presented itsefc his mind whether he should withhold
his vote from becasue did mol all he good which was
desired. On such question he for doing much
good he could in the various spheres Of life in
which he might be placed He should vote for this
bill therefore, because, although It did not all the good
which might be effected from an institution Of this
Eind il did much-a great deal.
MIR. BEN TON moved to amend the first section
OF the bill by striking out the word States" (Which
was included in the list Of subscribers to the Bank
This was new description Of stockholders to Bank,
and especially such Bank as this; and he gave at
some length his reasons why it should not be retained
in the bill.
The amendment was rejected by the following
vote
YEAS.--Messrs Allen Benton, Buchanan, Clay
of Ala, Fulton, King, Linn, McRobers, Mouton
Nicholson, Pierce, Sewer, Smith, Of Conn., Sturgeon
Tappan, Woodbury., Wright, Young-lS.
NAfS-Messrs Archer, Barrow Bates, Berrlen
Choate, Clay, Of Ky, Clayton, Dixon Evans, Ora
rick Miller Morehead, Phelps, Porter Prentiss Pres
ton Rives Simmons, Smith, Of Ind, Southland, Tall
madge, White, Woodbrdge-2S.
Mr.. BENTON moved to strike out in the same
connection the wold Corporations" The motion was
negatived: Yeas 81, nays %.
Mr.. CLAY, by general consent here presented a
petition Of very respectable number of citizens of
Erie, Pennsyvania, in behalf of the establishment of
Bank Of the United States. He said it was right
their voice should be heard the subject. The petit
ton was laid on the table.
MIR. RIVES briefly stated his reasons why he could
not vote for the bill.
| Mr.. BENTON moved an amendment to provide
that the coporators Of the corporations which per-
nttsd to become subscribers shall be citizens OF the
United States. This rejected yeas %, nays ~,
| Mr.. BENTON moved provision that the stock of
the corpor alton should be transferable only TO citizens
of The United States. This rejected yeas 20,
nays 81.
| Mr.. WALKER moved an amendment, to provide
that all the bills should be drawn short time, and
limited to articles already shipped This was rejected
Yeas 81 nays 81.
vision tina, the stockholders Of the Corporation should
be liable their individual and private capacity the
respective amounts Of their stock If the Corporation
shall at any time fail to discharge its obligations gold
| and silver. This was rejected. Yeas 20, nays %.
/ Mr.. PRESTON moved that the Senate adjourn
The question taken by yeas and nays at the call
of Mr. SEWER, and decided in the negative Yeas
It, nays -.
MT. DEN 4 oN moved 10 slrlke out " ten uoilars
and insert fifty dollars" Ohe amount payable on
each share taken by corporations at the time Of the
subscrption) This was rejected, as follows.
| YEAS--Messrs. Allen, Benton, Buchanan, Cal
houn, Clay of Alabama, Cuthbert Fulton, King
Linn, McRoberts Mouon, Nicholson, Pierce Sewer,
Smith, Of Connecticut Sturgeon Tappan, Walker,
| Woodbury., Wright, Young-2l.
NAYS Messrs. Archer Barrow, Bates, Berrien,
Choate, Clay, OF Kentucky, Clayton, Dixon, Evans,
| Graham, Henderson, Huntington, Kerr, Mangum,
Merrick, Miller, Morehead, Phelps, Porter Prentiss,
Riyes Simmons Smith, Of Indiana, Southland, Tall
madge, Preston, White, Woodbrdge-2s.
| Cries OF third reading" were then heard.
| Mr. ARCHER expressed his desire of briefly sub
hitting the for his vote, and motion being
made to adjourn, decided in the affirmative Yeas
%, nays ~.
| And the Senate al journed.