Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-09-09
TWenty-seVenth ConEres.,
cSvsP.SSsass # ~ Boirinors .a-sySeua.
DEbATE on THE BANK BILL.

-.
Mr.. ARcnER Of Virginia said that bat
Tor the peculiar position be occupied be
should not delay the passage Of the Bill
Tor Q momeaL He had opposed two for.
meF Bills 10 Tslsii0a 10 q Bank, one bFo't
loruaFd n the present session. and he had
atowsd bimsslf IN fayOf Of the Bill now
before the Senate. sad ives 10 its favor
Dsny Il Who nav. The currency question
was the great question =: isSge 10 the re-.
cent contest.
IN regard 10 the details Of q plan Tor
keeping the public moaey. there was .
greet diVsrsiiy Of Opiai0n. The Sub
Treasury wa condensed unsafe, uaskil.
ful and dangerous mode Of kesDlnE she
public money. ! sn Of opision tia, I
Bsak Of Discount. Exchange and Deposit
- 0neonstiiOiiOnal. II the power OF dis.
eoOat eoald be got rad Of. HE objsetions
we're removed. Loans and discounts usre
the great evils Of Banking. Exchanges
were . part Of the Fiscal powers Of the
GOveTnment, Snd 90 essential part. The
Governmsnt spread lis donations over the
whole district Of eonniTy. Il vas neesS-
sary 10 the transaction Of lie business.
IL could not be expected that specie
could betranslerred from NsW-Yofk TO the
Upper MiSsiSsiPpi 10 wagons for Govsrn-
meat purposes. Il had the power 10 re .
sort TO other means, snd what more eheap.
more safe, more appropriate than q plan
like this. SOpposinG you could not guard
against the abuse Of al What
then Should you eHereIse % power
Should you have none. IL the Exchange
power ran toto the DESIGNATING power, Il
would be on ihe par; Of The Directors =
direct exercise Of power Inhibited in the
charter. We had the power 10 deal In
exchanges because il vas absolutely Es-
eesSary 10 the action Of the Government.
a corporation established in the District
OF Columbia was manilss.lV proper, be.
cause IL performed duIies incident TO the
Covefnment- tie SCENTS were ell limited
to Government purposes. II sny one
would show him that under the proposed
bill the corporation could e1ercise any
power that Treasury Board or the SecTe-
tsry Of the Treasury could not exercise
without II. Instead Of being the friend and
advocate Of the bill ~ be was. be would
turn rpund snd vote SgSinsi il.
u had been said by common Tumour
that In the event Of passing the Bill, IL
would be objected 70 by the Presideni.-
BE. Archer discussed the Bill Tor the pur.
pose Of shoSing tha, Il vas in conformity
with the PFesidenta views. He did not
believe the Bill would be vetoed. or that
being vetoed, the President could be sus-
tanned by the People. Much Of Mr.. Ar.
eher's speech was addressed 20 the People
Of Virginia. aud eontsined a score OF rea-
sons fHT voting for the bill.
Dir. BuehanSh followed 10 the debate.
He said the Wing party had done much
the present session. and bes, Of ell they
had done themselves. Mr. P. proceeded
Immediately 20 the consideration Of the
Bill. First be pronounced an eulosy on
the President iOr bis Veto. This vas Got,
lowed Up by On intimaiion that the PrSsi.
deRt would Veto the Bank bill before the
Ssnslo.
Mr B. then proceeded 10 reply 10 the
Senator from Virginia. the Senator from
Georgia, (Mr. BvrTiea,) aud MT. More.
head Of XIV. who bad spoken some weeks
since. The constitutional question vas
sfgued for the purpose Of showing thai
the question had not been settled. 10 re.
ference to the present bill be thought
there was bu, one step from ''tbe sublime
TO the ridiculous" The bill Sir. Buch.
anan was sure. could no, be signed by the
President. and he though, che Senator
from Virgins (MF. ATeheF) mus, know il
Mr. AEeher said--in reference 10 wha
10 done a. the White Houts, the gentle
man from Pennsylvania knows much
more than ] do. sad he TRENDS khov
much more than my lIisnds. HoWeveT
said Mr.. Archer. ! do not sliow that 10,
senator from Peon'ylVanin speaks fOI tbs
Preident
\ MT. Buehsnan went on TO soy that the
Bali IL was Uell understood would be We
ioed By the President, snd q IVES not true
be added that The views Of the EHecutivs
we're we'll kpown 70 bin bet be hoped
they soon would be-. end Be ia possestiog
OF The SenatoF. The President Was mar
Of msisl and II bic former npinious usf'
70 5e relied upon be Waa sgainsi tie ne
jointly q tie Wbig Fsriy spon every lssd
inR measure.
Nc Buchausn returned 70 the Bili. ant
chfisiened u 10 the ouisst 81 q kiie g.
inE Dsnk Biils % sxchsnFs uoui3 b,
. ANaNA " Nitn ~ HifaW % NAH aaetueE
lt uas impossible that ne Pfesidsu
should approve sueb e Bal e. this
mere sreeulsiing species Of Bsnkioe-t
sPeeuiaiur gaa,bling 6seaHiy.
GOA sucb . question 81 ihis. the gees
Whif pe7iV usfs ~ % before ihs Unns,
4 Sls;ss a Cabinet rho gonia r. ou
upoa such qusslion % ihis. becsuse Pre-
sident TgleG would veto q Bank ike ihii
auuld o. held in eoaismpi and fcofn r.
/ Let thea ibs PfrHdsnl 81 iha O sirts
b pct un old iarhioned Isckson teio apo
; he Btl.
Ia references 20 jhe lsie pflo. Mr Buct
snan said ibs PreHdent of ths rnna
aisiea uould hsvu been Infamous "
+. bad Dot vetoed ihs niH Ha uould hav
y deserved ihs taecfaiion Of go psfhe
iaHf hsrs received ika coadsmnaiion
aiis %. buchpsan spoke for sn hour o.
!. e haif. aad lhrgpghoh ia q u.snnor yer
i iauhiiag % iba Whigs
Mf Cisy replied % 80 Bashsnan %