Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-08-05
= + II & ON a. X T. = - i.
FIRST SESSION.
SPEECH OF Ma. CLAY


Nj. CLAY, OF kentucky, SAID thai the defect o
hcHing snl continuing, 10 which lac alluded yesle,
day. depti,ing hun ui the satisfaction Of hoatlog
Other Senators, aud preventing him from reg ult-
ting or modulaung his voice IL to ho favorahy
heard h, them, he had occasion ior all the kind in
diligence Of the Senate In n few observations which
he no" meant TO adirs'l H. Dung the progress
of tins bill, Mr.. President, IT has been clearly man
tested lhst lhete Is decided mantttv of The SEM
ate IN favor Of the establishment al National Bunk
Foo himself, lie believed that II sfnod out pfomi-
ncntly rs The first among those measures Of telr 4
winch lac irrvcntls hoped would be ssnl out by Con-
-tess, f. Us present. - M, te-eslabllsh the
#fsf...z=##at, he it#-"afs OF tht country. othet
IL .,sutes would undoubtedly extend much l.hrf
hnt II VIII be hntted and Dol general whilst
every seeluu, every interest, person would be
benefited by the b es,lne OF q snund currency. II
pass all other contempt lated measures, aud iail
10 pass his, shall t. lar shon oil the Just expee-
iallons OF suffering People But the passage oi
this only, without any other measure, would have
fully lusuhrd the ennvoeaion OF Congress.
Bul notwithstanding thr urgent necessity Of a ma
llonal bank, II swell brown. al SIDES of the Sen
ate, that the bill az II at present stands IN respect
In The branching power al The bank, canhot pbss
4 tn, bod, but will be rejected by majority nj %
/ IL % II all the members be present. Under these
painful CT. uinstantes, What ought 10 be done =
Shall return home without tnifiling The hopes OF
! those who sent Us here, IN respect 10 II national
bank We have thought II due Ia The country, aud
our own Obligations, Is leave 10 honorable means
unemployed 10 hnng about concurrence OF opln-
ION, II possible, amnog those members OF tic Senate
who agree lothe necessity 81 II national bank
We have accordingly conferred and consulted To
gethrt, and inieiehanPtd opinions aud ne"s Ia that
sp III OF Cancellation aud conc sssion winch should
animate those who ars united IN optulon 10 The
object To be Rccomplshed. but unfortunately dtvl
dcd on subordinate Intnts. We have not looked
beyond the Scuaie. lie. Mr.. @ does not wlsh,
aud has not SOU HI TO know the npiolon otthe rhle
, 81 il co-oidlnWe branch OF HE 6otcInment, IL res
pecl To the ptopnsnion which he about 10 sub
n1t. Not that lac MS waiting IN high respect uei-
sona aud official, ior the exalted person TO whom
La alluded, but because II was, IN his Mi g
Judgment, against the sprll aud genius Il iIoo Iusi
lutIous, that tha deliberations Il the lrg tsleiIve
branch OF the Govefnnobt, during the ptoslcss of
great measure under lis consideration, should be
affected regulated 10y opinions, real OF ma mary
OF the Executive head
The result OF The consultation 10 which he has
referred has been an amendment cI the 10th funda
mental rule which lac was about 10 propose. Thai
amendment proposes modification oi the branching
power Of the bark rs reported by ihe committee
lie adhetes (and he believes al Il the nineteen po-
lltIcal friends wllo voted wilh hm IN rejecting The
amendment proposed by The Senator from Virginia,
Nj RVS, adhtfe) 10 the uushahens co ueliop
that the best iormto conitr that power on the ba,
Is that winch proposed by the comuIttee.--
Their preference remains eu,neiy unchahe.d. Bnr
seeing thai II was Impiaelicabe lo cary through
the Senate bili vi that modhc alton ot the pnw-
e., lh,y and their differing brethren have anxIousy
sought Il substitute Which might be Satisfactory 10
all. TINS he hnPed was Fund IN tho amendment
which he would nav read:
"hud the snil directors also esnllsh
competent oicos o discount and deIoe in tuloly
district OF the mted Suites mud IN Smie, with the
sent oi sHt Shr anu "hGh eson I.e lue thd ounce 81
offices lu not be removed Withdrawn by the SAID dtfc
prior To the expiration oil The chaer, without the Pt
al touerrrs Provided, respect saie
winch shall the first session olhe Legislature thereof
held after TIN pusnge oil tins act lay trtouonof other nsnnl
Legislative io'ordh9, nhcnhhohh} hsrhi o. ul-Fehl !"
the establishment ii such Office ~ olhees within IT. the nHseni
Of the said shall thereafter be Iretuued aud PROVIDED
nevertheless, thai when IT stnll become necessary aud prop
carving into execution oi the powers einnled N
the Conslituon estahlishnn oiee offices my ol
the STATES "ncter and the cslnlshment whereof shall he
directed by law, snl b. the duty OF the sud directors 10
establish such Office Offices accordingly
Two opposite Opinions prevail rs To the branching
power. According To one, The previous assent OF
the States Is necessary according 10 the oihsr II
is not. The difficulty has been 10 reconcile these
conflicting opuIous. ] Int Is The object oi tins a.
mendmenf. We, who thnk The power exlsis III
Cong ess, cannot consent 10 surrender OF rrnounco
II. Wa can consent 10 no bill which might be con-
slrued 10 np'y such surrender OF Remuneration. But
think tha creating ihIs corpotatIon II wall PCS
sess 30 mora nor less power than - conferred upon
II ty Congress III the chatter winch brings II mto
existence. il s not, IN view. indispensable that
She uld possess tho branching power up,cstrcted
We ale SATISFIED that thai nHres tIcled power
should m y, where we respectfully thInk the
c. ''tu#.#a ms pl.. II IA Congress, aud thu
: ~ ress 81 ID tnboar 10 invest the bank with tho
IIghI TO ext. -e II.
TO the uppusilo opinion, he by our friends, we
disposed 81 idt 10 coEcede 10 sdull ina The
bank shall not be allowed IN the Glst instance, TO
establish an Office Of discount aud deposite IN any
STATE, without the previous assent OF us Legislature.
Blu, then. we THINK II rgbt and reasonable 10 require
thai The Stale should sigDIiy lis pleasure ID some
spec llme, and n some practicable mode. Ac-
h oil llla State 10 prevent The introduction oil
branch within II, ask thai ihIs night snonld be
creased at some ilue dunn the period oil the II 81
session OF the Legislature alter tie passage oil
ths act and ttqnnes TINT ii, dissent, II II be OPP
posed 10 the introduction Of the bianch, should be
announced IN unegnVocdl aud uncou iiilonAl terms.
Is It unjust Or improper, when, coucedlBg To the
STATE such power, the anne udment rtgutes that II
should be exercised within II reasonable Iae =
Nlh ut such limitation, the question Of The ss
Enlistment OF branches wuhn tie States mi ght be
-Ia my question during the whole period ui The
twenty years OF the existence ol the chaner. W Iih
II, the question must be definitely settled IN less
han ear from this. Is il not great AID sufh
clcnt concc,slon from ihosc Who do not dunk that
III Of II states necessary, To admit that
every one If the l. enlys States may prevent the
introduction Of branch within upon two condi
lions: ISL That ihey di.seD aud, 2dy, dissent dn-
rlng the pen Of he first Session Vi then respective
Legislatures! W Ill any ne say that ths question
should remain open aud disturbing question
Tor ths 10 Z space OF twenty years! Is II at all
unreasonable To require that II should be settled
within tho period-whIch wares from Two 10 SIX
months--oi The first session OF The Legislature 1t
may lie objected that the anne ent pesumes assent
lllhe Legislature remain silsnl or does not assent