Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-09-07

would -,ant lin the indulgence Of little TURNER ae
10 consider the subject. ~, .,., =,
Mr.. CALHOUN was reluctant TO STOW any want oil
courtesy: but he really was very d.snous 'le 9ena'e
- -, IN with the Bank bill, as had yesterday been
s5 MANY gentlemen were very desirous 10
80 III. city, being pressed by very urgent private Du-
nass. vet he say that until TINS Bank nlli shouiu
have been either passed defeated, and until The re-
;ne lime had been afforded the President To act
non IT, there was not the slightest hope o an adoufn-
mont He therefore desired that that which had 10 De
despatched first should be taken uphst he SUD
sct had been long before every gentleman ana e real
IL could no, think Of granting the indulgence ASKED ny
| the Senator from Virginia
Mr. RlVES said that gentlemen had entirriy mls,a-
ken the whole spirit and purpose Of his remarks lie
asked no avors He felt himself as we'll prepared TO
no on with the Bank bill as other gentlemen, ana ne
had asked that the Revenue bill should he proceeded
| with IN the general principle which he thought had
been aurced 10 at the outset that when once subJsc,
was taken up should not BE- abandoned or suspended
till it was finally disposed Of As 10 the bill lie had
no purpose Of non commlttal In the shape Tue DIN
now stood he could and should not vote in IT'S Ia
vor He anxious TO vote Tor IT, and' u moaiheo'
no possiby might do so. The Senator from South Ca
rolua had spoken Of the necessity OF allowing the Pre-
s;dent GOOD deal of time to make up his mind.
Mr. CALHOUN, interposng. No; not at all.
meant only 10 say that the bill should he disposed OF
one way or the other, before We can adjourn; and we
| necessary,
| REQUIRED in the Constitution
| MIR. BERRlEN explained. AS far as his personal
feelings and wishes were CT acerned he should desire
10 accommodate the Senator from Nng,nia (ar tives
but he acted instructions IRON ms committee ahd
in pursuance with those Instructions he nov renewed
the motion that The cehate luke UP u'e oi " es'ao
Fiscal Corporation.
Mr. WOODBURY. said the understanding certainly
had been that the Bank bill should be taken up, and tn.
Revenue bill laid aside to make room ior't tie hoped
that would be done
The question being TAKEN IL was occ'ceu III the d
/ frmalive, as follows:
Tas-sisssrs Alien, Barrow Benton, cr" buchanan CA
houn cioa's Clay OF n Is Wilmington her a
Roberts Maneum, Miller, Morehea i"n"n Ai'l'"s"n ~"
Sturgeon, Talmadge Whtc Woodbridge aud MGos ~
es-Mcssrs Ahcr Bates k,an k"s Mer W,,s, a
Pierce Prenlss Prtston Ryts, Tapah, "N'r "'E"'' ''
i'u"s-h "rrscAl. CORPORATION HILL,
| n, ,ro,;on nj Mr. BERRlEN, the bill from the
House ..,o nrov;de for the collection, safe Keeping ant
4 disbursement of the public revenue, ny means W CO.
pora,ion 10 be styled the Fiscal Corporation oil lne
s. was then taken up, as ID commute u 'ne """''
and, having been read lhfoos" y wv 5' "1'
open 10 amendment.
M RERRIEN, as the chairman Of the Committee
b repor,ed the BILL took the floor and spoke for up
wards Of two hours in support OF the bi, ana seths
fnrlh III, views of the comm t,ee lie descripeu t'e
provisions of lie BILL comparing in It's material Ponl>
uith the bin which had before passed the Senate lie
r yaminrd the constituiionalrty, and then the three
modes IN which the revenue OF The Governmeht couio
be collec,ed-tss 10y the employ OF salarled agents
or the Sub.Treasury system; second ny Tue means o.
State banks which was thr Depose system; and third
" by the employ Of private corporation, which was
snch an q cent as was contemplated by tins bill he
first two he asserted had been condemned, and Tie
adoption Of such system only renamed. lie lhti
went into an examination OF The principles nt the bill
particularly its limitation 10 exchanges; and examln
mo the Presidents message at the commencement OF
The session. the report OF the Secretary OF the treasury
his subsequent plan Of Bank intended 10 AVOID con-
sttutonal difficulty, and the President Veto Message
he expressed his decided opinion that It wond receive
the sanction Of the coordinate Department. the AID o
which was necessary, in order to lis becoming law
He concluded Nv asking that the bill be read through
IN the usual manner, by sections, tor The purpose
amendment, IL any should BE- offered.
Mr.. KING said IT was unnecessary 10 consume IN.
time in again reading the bill, had just been read
| The reading was dispensed with, and no amendments
being ordered, the bill was reported to the senate
! The question was about being taken on ordering the
bill to a third reading, when
/ Mr. CLAY rose lie had only a few words to say
The bill before them did not propose the establishment
of such Bank as lie thought the interest Of the coun
try required the Constitution authorized, and the PEG
pie expected. II shor,-far short OF ihai bit ne
yertheless the I'LL proposed the establishment oil bani
which would accomplish two OIL tne.great objects, whcl
any bank could effect The was he regulation OF TIT
exchanges of the country, and the other, the supply
n Currency possessing uniform value throughout t
Union. Ii being b!l Of this description, that wou'
accomplish good the question presented i'seii Y
his mind whether he should withhold his yo.e from u
because il did not all the good which was desired %
such question he went Tor dong as much good as III
could III the various spheres OF life IN which he nigh
be placed lie should vote for this bl therefore, be
cause, although i, did not all the good which might u
effected from institution OF this KIND Il did much
, great deal.
Mr. BENTON said he had amendment TO ole
which the Senate would presently OF great ni
portancc. II was TO strike out from the ninth line
the first section the word Estates was IN that pro
vision assigning seventy thousand shares TO hdIvidn
nj companics corporations, or States his was ne'
kind Of soC kholders a description oi copartner
with stockholders IN banking corporation State
, had no RICH, to be seduced into such company h
would therefore move 10 have them struck ont let tn
word Estates be taken out OF that line. 10 compre
bend the full force and bearing OF this amendment
would be necessary 10 keep in view that The sixteenth
section of this charter desgnues the Fiscal Corpora
ton, tie Treasury Of the U. States II expressly say
+, that
its books 10 The credit Of he 7r,a.ns' shall he taken an
made by the Treasurer ss DC III cths 'fa"n y" su e"'
Yes Sir, this Fisc is TO be the Treasury Of the L. S
and the Treasury of the u S. is TO he converted into
corporations and not only forced into partnership wit
individuals, companies and corporations, but INTO JON
> stock copartncrshp with the States. The Genera
Government is 10 appoint three directors, and the res
six The corporaors wall be two 10 one against the Ge
neral Government, and they Will Of course have Tin
control of Tie Treasury 81 this Union in their hands
i Now he for sticking 10 the Constitution not on
in spirit and meaning, but 10 the letter and the Con
stitution gives authority 10 individuals, companies
corporations and States TO take The public Treasury
the Union out Of the hands al the General Govern
: ment Tie General Government alone, and acting in
dependrn,ly oany such control required by the Con
stitution Ia manage its fiscal affairs. Here 1t
proposed 10 retain only third Of the control Of Thu
!. Treasury in the hands Of the General Government
the other .words may fall exclusively into the hand
of the States and thus the Treasury OF the whole Uncl
may be at the disposal Of such States conrive Il
possess themselves of the two-rds Of the stock they
are authorized take. 1t II is the object to III Those
States have the funds Of the Treasury apply to hei
own USE the scheme is we'll conlrived to attain tina
end He, however, was determined not to let tina
plan be carried without letting the people know wh'
were its supporters he should therefore, demand lii,
yeas and nays on his amendment
Mr. BEkRlEN explained that the objection raised
against the sixteenth section merely technical
4, 81, Rail IL,