Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-30
Corrs'poHdsnes Of hs Baltimore .fusriean.
wAsnisoros, July 27, 1911.
UNITED STATES SENATE.
MEMORIAL


MEMORIALS.
MrYOUNG Of Illinois, presented memoria
from II citizens Of Illinois, all Abolitionis,s, and
announcing themselves IN favor OF Abolition, not
only IN the States and Territories, but throughout
the word.-The memorialists also say that III y
are unwilling to see Abolition brought about by a
union Of Church and State, at the hazard Of the
peace Of the Union violation OF the Con sttuiion.
Mr. Young testified to the good character OF the
MIR PRESTON raised the question Of reception,
because II the memorial was received others tire ,ng
upon the same subject would claim the attention OF
the Senate.
BUCHANAN presented memoir I, also from
the Ant-Slav,ry Society Of Pennsylvania. The
question OF reception was raised upon both OF the
memorials and tho motion to receive laid upon the
table.
MEXICAN COMMISSION
Mr. PRESTON stated the condition in which at
present the Mexican treaty and commission plac-
ed. There was. he said, discrepancy between an act
OF Congress and the treaty made IN Convention with
Mexico. BY act ofCongress the claimants were
To be paid Hll the sums allowed them at the eXpi-
ration Of the commission. BY the convention the
claimants were to be allowed their pay; a soon as
the individual were dec ded upon, in Trsas-
ury notes to be redeemed at the Custom house up
on presentaiion.-Mr Preston, after stating tie
discrepancy, introduced bill TO carry into effect
the object Of the convention particularly. One rea-
son for the passage nj the present tune was the
fact that the claims asjud.cdted TO the amount
oGtwelve hundred thousand dollars, wouldpe paid as
soon as presented. The claimants also would not on
ly obtain payment upon the sums presented for
tainty but save the interest on their money for
the nlno months between the present time aud the
expiration OF the commission. The bill to reconcile
these difficulties, had It's FIRST and second reading
and was referred to the Committee on Foreign At
fairs.
BANK NOTES.
MIR BENTON introduced paper which he said
he should offer amendment TO the Revenue
Bill OF the House when II came before the Senate
for cons Iteration. While gentlemen were taxing
their wits to obtain articles Of taxation within tue
terms OF the Compromise Act, they had omitted
Bank notes altogether. MIR b proposed to supply
the omission by Introducing an amendment To in
clude them, which was laid upon the table aud or
FISCAL BANK.
The Fiscal Bank Bill was called up as the spe
cial order Of the day. Mr. MOREHEAD addressed
the Senate at length defence Of the Bill under con-
sider-tion and in reply to the remarks Of the Sen
ator from Virginia tNr Rivesl and the Senator from
Penn. Nr Buchanan
MIR Morehead spoke mainly upon the constu-
tional question, and gave Trccedents to prove it,
c1nsttuIonaty. The votes ri both Houses OF Con-
gress IN 1891, IN 1874, IN 1915, and 1916 and IN
1882, were cited to prove the cOnsS'uIonaiiiy the
Bank.
Votes were read and names of men which made
the clear one IN tne minds Of all unbiased
men, Among the names lho,e OF Gailatn, Duane,
McDufie and NcLsne all OF whom had expressed
themselves clearly and warmly upon the subject
the wo is OF Chief Justice Marshal, that its cons
tuuonalty was 10 longer an open question, but had
been dec dcd Ivy the Legs ature the Jud cary, the
Executive and by every branch of the Public service.
MIR Madison was also quoted; aud General Jackson,
too. which Mr. Buchanan would consider, Mr. Nj.
I'll whit, unduubted authority.
Mir Jtticrsons opinions also referred to- and
his objections to National Bank considered. HIS
opinions we're, TO say the least IrrecOnclaole, for
at the very moment lie said he saw no power IN the
Constitution to charter National Bank, a. that
very moment he was engaged IN the purchase Of
Louisisna, and ai.er he gave his assent TO
works of internal Improvements.
Mr. Hamilton was referred 10, and both ia refer
ence to Mr. Jefferson and Mr Hamilton, the warm
est euloges were bestowed.
Mr Morehead also showed that the great mass OF
the prominent politicians OF the country had decar
ed their opinion IN favor of the Bank. Gen. Knox
was another name gwen, and Gen. Wsshns ton
himself who made the FIRST BaUk OF the United States
the law OF the laUd.
MIR JsfT,sons opinions during his Admsistra-
ton reteuCd To, and with grent effect. lie %
sidered his signatures TO bills IN 1904 and 1907 as
good authority for the establishment OF National
Bank So OF Mr. GallIun, member Of Mr. J fer
sons Cabinet. His report 10 Congress advocating a
National Bank was conclusive prOofIn favor Of ii
change of opinion. Mr. Madi>on's course in regard
to the Bank was next reviewed. He opposed the
Bank IN '9I, and sustained u in 1911. His friends
changed with him, and the change was equal with
both parties.
Mr. Calhoun was next referred to. He, too, sci
Mr. Moreheat, changed his opinion
rs in opposing the Bank charter.
MIR MOREHEAD-I am speaking Of the Bank
Of 1916.
MIR. CALHOUN-"Ah!-Oh" daughter
"The Senator from South Carolina did change his
opinion" said Mr. Morehsad, "and to prove that he
did, am about 10 refer TO his speech of 1916 He
did change his OPINION and do not nrrAign him for
H. for many changed their opinions with him. and
in a change OF opinion he was IN good company
Since he has changed II is none Of my business and
none OF the Senate's business.
The INK chartered in 1916 went into operation
in 1917, and soon after the suspended banks re
sumed specie payments and the country went o.
TO prosperity. Eighteen years after what were The
views Of the S natoR Mr. ~ forehead quoted from
MIR Calhoun's own speech, where he ga that the
Bank aided ~ the resumption Of specie payments;
that the Bank owed as much to him as he owed to
the Bank, and that II could not have gone into c1-
iItence without biT.
From 1916. VI Morehcad went to 1882, and re
viewed the opinions Of men during the memorable
contest Of 1882. lie showed who were 10 favor OF
the Bank then, and who were against IT, and in this
CONNECTION added the testimony OF Mr. Crawford,
aud the friends Of MI Crawiord for the Presidency,
foremost among whom was the late President Of the
United States, Mr. Van Buren,.
The RrpeHi OpiniOns Of Mr. Buchanan, Of Mr. 4
len, and Mr. CilhOun, wee all cpn.idrfei. Mr.
NJ spoke eloqucntIy N conclusion Of he necessity
Of preserving the public faith. There were party
men 10 the country, but there was no Anu Public
faith pnUy. The effort might be made u violate
the Public faith, but u would prove a iaiur..
Mr. CALHOUN made n brief reply. "Ihe Sc
nator from Kentucky" he sold, had placed him n
position IN which he unwilling 10 b. placed
bCioro the couuryn-iLou Tie EepuDH-
can party, he con.onded, had only w eI for tie ro
charter Ui the Bmk, because the Bank VS. Iu.sf.
woven with the Government. ! VIII not, continued
MIR Calhoun, stop 10 fe-IrguC this question here
The tune has come, sh1d been ssid upon the O,her
sidc, for action, and will not delay IT,
Mr. ALLEN continued The drcussion he re-.
nyOwsd hrs pufpOse Of propOsIng "a rcpe'" as soon
as the udIous Bank Bill was passed
Mr. BENTON followed with n motion for the
indchuttc postpoucment Of the Bill HIS 1-ons are
that the present Conercgs IS rpt fuI-that Mi.gfq.
Eppi and Illinois not represented and O. At Sc.
nator 10 absent from tho State 81 Mt.Hssippt
Aner a few remarks from Mr. WOODBURY.,
Mr. Benton Withdrew his motion.
MrSlMMONS followed with motion 70 recon.
sider the vote Of yesterday prohibiting the q NH
from the issue Of notes under the denomination u
$40. The reconsideration was c1ffcd-nyes ~
noes %
The vote having been rc-considsred, Mr. BEN
TON opposed the amendment n regard to smal
NOES,
Mr. SMITH Of lnd. made some practical re
marks on the adoption Of the amendment, and il
the course Of what he had to say held up TO h
view Of the Senate a South Carolina Bank note O
the denomination Of rs cents. One Of hIs consul
tuents had sent the note to the Indiana Senator a n
begged him to call upon soma Of the hard none
Caro- ina men 10 exchange u for specie.
Mr. ). dve't upon the issue Of this kind Of mo