Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-09-04

cnu'u bo no motive TO do So,-cycn suppCsirc 'ha
| 'he COrporOtors and Government Agents were dis
| Foscd 10 Transcend their duties.
| In conclusion, Mr. Bsrricn said It proper L
discuss the Bill IN reference To Ihe opinicus Of
! co ordinate branch OF the Government TIruw ius
aside all tie rumorS ot the ", h~ came to the Off
cia evidence ~ the Executive Ilo referred first IL
tie message ui the President - the two Houses o
Congress at the commencement OF the prcser. ses
sion.
The President there stated that the oxs,in. pro
visions OF the IRA Isy would bc annu'ed, ] ht
u'en called upon Congrcgs 30 establish kisoa
| Agent which woult give G c.rrensy Of uniform val
ne" Aud he Iidded, lat 'much de--u6cu" up.
on the fUlr: and esab,i.hnsnt q sach Fisca
! Az ~ Tie lad rcssod ms "rclianc~ upon the
/ wisdom Of CONGRESS a The es' Adjustment OF nj y
| Agent" He had callejtlc -ttepton OF Congress
especially To tde subject, and referred To the power
Of Corcre's d",-'iy to establish such on agent
! Mr. Bsrren then referred to the report Of the Sec
rotary OF the II 'Sury II the opening OF The
SION. lie, too had referred to a Fise,l Agenl, and
The necessity Of moneycd institution 10 ce establish
I cd by the Go-ctnment Flo = I'd doubt OF the
/ power as Congress. II had heen recognised 10y the
Legislature, by the Executive, ana by the Judicial
! Tribunal. We had, therefore, the views of the
Pres dent generally, and carried Out by OF his
cabinet in an Anrusi Report, and IN Srec:al
Report giving the details OF plan for Fiscal
Agcn'
Report, and Mr. Beren said tha. the 81. before
the Senate strict conformity TO tho Treasury
pan. The proposal OF the Secretary OF the Trea-
surY, was but fair IN presume, had received the
official sanction OF the Executive. The bill before
the Senate and the plan Of the Secretary were iden-
tlcal, and MIR Il. said lie had too sh respect Tor
the Chlef of the Executive 20 listen 10 rumOrS no
matter what they were, when they were ~ variance
with the Official evidence before the Senate.
MIR BE8RIEN came next 10 tue Veto Message.
The Bill before the Senate had been framed with
due defence TO the opinions of the President The
hill was not IN CONFLICT with the opinions OF the Pre-
sdent. lie object, 10 the establishment OF Offices
of discount and de 1osite and not 20 the establishment
oi agencies with the limited faculty OF dealing in
Exche &C. Ii he had meant 81, he would Lave SAD
so But he expressed 40 opinion adverse TO the
power, and It was fair 10 maintain THAI none
existed in The mind OF ne Prcs.jon.. Why Be
cause he had separated ne power OF discount and
dc2os.e from that If exchange, objected 10 the for
ler, and salI nothing ot the later.
But We were not lett 10 thIs-ior in another part
OF tie message he had sp, zen pi the power of Con-
sr TO dcat IN oils Of exchange. Ii vas Bank Ut
discount to " hich he objected, and " on which he
had cwelt at length IN his message.
If he had believed that Congress could not estab-
lish Bank with power 10 deal IN Exchange Il was
necessary for HIM 10 have said So and II was but
fair TO infer he would have done 50. The message
was further quoted 10 show the clear conviction on
the part OF the President Of the power OF Cong csS
TO esta olsh an agent Of Exchange, and 10 extend
these agencies TO the States
htleTluS elinCr 10 TIE oincla. message at the
opening OF the session, to the veto message or 10
the reports, Mr.. b. came 10 the concu that the
President would approve the bill. He turned deaf
ear TO the thousand rumors abroad, and gave that
Interpretation 10 the opinions OF the President which
he believed tue nation had ami woII give.
One other consideration, and &c laairm IN 81;
ne would cave the suoIcc,. The Senators upon the
opposite SIDE would remember the -iscusson ui the
am"ndmer ol TIE S'naioT from Virginia when the
former Bill was undo c ra;ion. The amer1-
N4,I,.rH "a l..
had referred, and oS SUCH had len sui. ned ~,
mIny yt me Se.Li5-s.
Mr.. Beri-n fn.ly gaze his rslsonsf-- CONSIDER
ing tie Bul - this .imc. Irs,ent ac,uu was de-
nndec upon his -Ioeo, ~ tue act q! that arle.t-
ec man 10y wbv-n Ptyc.aEI Ion CO. ress was here
convened. The .eD.os Of the -5u try ard the
Gu sGcy OF Il" country -C-e the srCa. reason Tor
cal.In- Congress '0sc:nyr. res mt zion : =
mantod ~ the muss,se NJ tn Pes Zen, the -rm
.-c,,nent of the .-ssorl session also. u was o.
mauied 10y he Constitution OF ,hc TRY. l,srls
demanded csPeca' iy b. the aC- OF Congress .lseif
winch nad repealed lie Sui. rrs.Bury BIZ, and ...
the public Z 1ryI" lie nands Of Congress
The con Oint action of Congress 1nu the res
dent made tbs &C on necessary a. tins time also,
aud MIR. barn, ycs Hopvt that tfe mCasUgl would
.sceye the concurrence OF a. deparE -n.s OF the
Gove'n"oe",.
cir Berrien mere closed, and the auction recur.
red upon amendrg the Bill.
''.AusSt. N "", ,esr ion, WINS called f,r Inv Sc
vera! Senators IN tie opposition. The Guesra.n
was about 10 ne pat upcE the onsrossment, vheh
NsFLAG SD he begged leave 10 say or : Eve
words. The b P. did not establish such a Rlnk a,
he could wsh-as the country would requ,re--s
. the People hai right 10 expect. IL fell far short
OF public expectation. Butt would 10 some good
much goo1-IEl he was really 10 90 what good he
could and trust to hereafter for additional good. Il
should, therefore, checrluliy vote for The Bill.
/ MIR BENTON moved TO amend the Bill 10y s,g.k-
ing out tie state from those who nigh, I've con.
Sldered a. subscribers 10 the Stock OF the Bank He
objected 10 allowing the SITES % have am dim.
| 10 10 with The Trezs ny Vi the Government, and
C-manded The yeas and Gays upon the motion.
Mr. BERRlEN opposed the notion The stock
OF the corporation was the Treasury OF ueNa
ton. Mr. z. chose not TO consume the tim IT, ar,I-
ment
/ The amendment was ,gje1.ed by a vote otayes
/ / 20 noes -.
Mr. BENTON then moved to strike on, the word
, "corporauors" in The sl.r. Iue. lis q lection was
| that This large bank intended TO p. me Treas nv
Of Jc UnIt-j S.5t-s. woul I've he'd in the uoyvr- g.
| the smaller DiHis, and OTTER corporations which
might be interested m coutro.i1- the pubic mon
cy. IL was nothing buta C. sme for new league
OF the 't'J h.nS not to be chosen ty Congress
bat by items 'y.-
The Senator iom Missouri made regular Bank
spclch upon bis amendmsut ard asked tnr the yeas
aud rays. The result was aves ~, noes %.
Mr. RlNFS Of w, said here that be wished m
say word yr t"u upon the former amendment oile,
Cd by him. lie thought there was diff renee fn the
Bi and the am udmCni. il was his intention that
the agents should perform oil the purposes Of bank
Ing eNcep, uIsCOLn.IuC. The Bill dill not prevent a
oil OF exchange ON being discounted, an the gyofs,
abuse 70. the banking system might he igd..-sI DO
/ the "krc flying aud The trace horse" system.
Mr. R!NES SAID be- could not vote for the Bill III,
. had the power To deal 10 Bills Of Exchange which
might be discounted, or u had power 10 establish
Agencies without the assent Of the States. Mr r
SAID he was up disposed % delay the Bill
/ MIR BERRIEN read lhs umcn1r Of Mr. Rives
10 the lprmor BIZ, from which u was eai that there
was no iiml'a ion TO Exchanges as proposed n
B the Senator intended a Limitation Of ali dIsroun,ino
/ lndscnminatey, he spoke Of all The PURPOSES of
/ Blinking eNccp. discUDnuGg generally.
Mr. RiNES cgutenntd that he meant an lphi1f.
ton upOG al. sorts OF tsc0uutlng, and Ls beloved
/ t'ai the F''Gder. intended this when he poke Of
dealings IN BIs of EAchlnge.
/ Mr. BEN ron offered new amendments ..I-o-
, ed 10 cmJauass lie Blu. One was tbrt the st,.k
should not he transferred to gDy uu, citizens of the
7 t"i.u B HieB 'or any purpose. The anne Hdment
was voted down. q 20
4 Mr. WALKER mog.r -u amendment 10 'he r.
feet lHa. tho Bunk 51Ou. dea Ju.y In short y ID. Yi
. Exchange, Ics, ,J 5.Ugr Im ra.ior.. Tn. -.4s
end n7ys were ordered, md .hc amendment was 70.
JCctcJ II 'O ~.
Mr. ALLEN moved au amendment %, the efs-,
that the Stockholders should 1e individually I,,,.s
70. all dc.1lrrt1Ds, Deficiencies, *. IN tbS B,rk
me nmendm. zoe EEsrgi..tC1 - 10 90.
MIR PRESTON moved On adjournment lst,vesr
FOUR and hVc-wlrcU vas .og'. The motive for no.
wing an udJOuTlmCul being tho determination Of ,bs
Senators 10 resist the Bill. The mo.oo 10 ,fro.-r
d1 not prevail, and most Of the Senators urn nod
SIDES col cd iur the cugrossmcn, of the Bill
! Mr. BbNlON, however, SAID be had one NOR,
amendment 90 ofer and that was thlt iGdtvldu..
a ma fr f.s.F Hf inf al Cd o..