Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1841-07-01

collective, must augment the power. A nation,
without such concentration ofpower, maintain
ing extensive, commercial intercourse with an
other nation possessing it, must conduct that in
tercourse condition of inequality and disad-
vantage. National Banks, in other countries, be-
get the necessity, therefore, of a National Bank
in this country, in like manner as National Gov
ernments in foreign nations must be met by
National Government in
Accordingly, we have seen the influence ex-
erted By the Bank of England upon American
interests, when those interests were exposed to
the action of that bank, and left without the
protection of Bank ofthe United States, The
committee do not wish to be understood as in
tending 10 express any appreciation of the COM
mcrcial operations in which the Pennsylvania
Bank, assuming the name Of the Bank Of the
United States, engaged, when that state ofthings
arose.
But they DO mean to say that the interests and
DIGNITY of the United States demand that they
should not be exposed, beyond the necessary and
legitimate influence of monetary and commercial
operatlons, 10 the action of a foreign banking in
aiitution. They believe that, without conpc-
tent Bank of the Uuited States, foreign National
Banks NAV and probably will exercise undue
and possibly pernic ;ous influence upon our inter-
ests.
In this view of the case, the question is, wheth-
or Il is better that we should be left liable to be
materially affected by foreign institution, in
which we have no interest, which We can
exert no control, which is administered solely in
reference to foreign interests, or we shall have
an American Bank, the creature ofour will, sub.
jcct to American authority, and animated by
American interests, feelings, and sympathes'
The committee could not entertain doubt in
such an alternative. And, IL reference to the
foreign aspect fthe Bank the committee thought
it exnedient to allow it to deal in foreign bills of
exchange, which the barometer Of the state
OF our foreign trade.
In conclusion, the committce think it proper to
say, that they have given due consideration to
the various memorials referred to them, and to
the instructions moved by Senator from Misss-
sippi.
They subioin that wherever, in this report, the
committee is mentioned, majority Of the com
mittee is to be understood
All which is respectfully submitted
WAsuINeToN, Tuesday, juno god.
Mr.. Pope, of Kentucky, moved to reconsider
the vote of the House, yesterday, referring the
Senate bill TO repeal the Sab Treasury act to the
Committee on Wsvs and Means. Mr.. Profit, in
the course Of the debate, intmated that this ref
erence was political mslake-that the bill was
in bad hands, and that it ought to be put within
the reach ofthc House.
Mr. Adams also expressed the opinion that the
bill was in a wrong pos;ton-that Il was where
it would meet with delay, if nothing more.
Mr.. SOlicr Remarked, upon an undFf current IN
the Committee Of Ways and Means on this sub
lrct.
Mr.. Gushing voted upon this question, lie said,
as a matter Of business. He wished TO put al cud
TO this discussion and Improbable debate. He
was in favor Of the reconsideration, merely be-
cause the Committee on Ways and Means was
too much occupied with business coming within
their own peculiar province TO attend to THIS mat.
ter, He was in favor Of sending the subject to
the Committee on the Currency.
The vote was reconsidered, aud the bill was
ferred 10 the Committee on the Currency.
In the SENATE, MIR. Allen, of Ohio, presented
the proceedings and resolutions of meeting in
the State of Ohio, condemninr the National Bank,
and other measures, in strong terms.
Mr.. Clay remarked that, if the Wing party had
been aware of the full extent Of their hazard, in
proposing National Bank, they would not per-
haps, have brought it forward bat as they had
done u. and as they considered such an instltl-
ton absolutely necessary 10 the country, they
must abide the ISSUE.
Some resolutions on various Ccne,al subjects
were presented from the Legislature Of Connect
icut. One of these resolutions is IN favor Of the
one term principle.
The Senate spent most of.he day in the discus
sion of the bill recha1tering the District Banks.
WEDNESDAY, June %.
In SENATE, Mr.. rsht presented memorials
from New Vol. City Tor bankrupt Law; also,
from New York and Utica, remonstTa,iug Il. ain: I
H.
The bill, to revive the charters the Banks Of the
the Dis,iici Of Columbia, was taken up for third
reading. III enormously stated that passed }
Mir Norehead moved To re commit the bl'I, W itlI
insi notions 10 strike out the amendment yesterday
adopted, prohibiting the Banks from receiving ar
paying out the paper of suspended Eanks This
debated at SONG !ens.h, and the bill re-cotnmi,-
ted.
Mr.. Gays bill to charter the Fi-c,i Bank Of the
United States was reached at late hour. but no &C.
ton was taken. and the Senate adjourned
The House. have 10 day been occupild in the re-
cePon ofreso!niions, many Of whirh, being resou-
lions. OF inquiry and wing rise to dcbae were laid
over.
| Mr.. Floyd offered resolution which was laid
over one day, requesting the President to cormup-
cate to the House whether any officer Of the Army
since the 9Th March last, had been directed to visit
| New York, for any purpose connected with the i'm.
prisonmenl or trn Of Alexander M'Leod and if So
fr copies of instruction to, and report from such
officers
! The Loco Focos ready 10 seize any oppor-
tunity for discussion and delay Of business. The
Wings, most Of them, judIciousy and honoraby re-
| fran from this. There some, however, i'm
practcabes,' who follow off t.ie Loco lead
1HURsDAY June 24ih
! In the SENATE. tho resolution offered some days
since by Mr.. Buchanan calling for information from
the President for list ofremovals from Offices and
:he causes OF which, &c, was taken mp. Mr. Blu
chanan addressed the Senate at some length in snp-
port of the resolution, opposing the pursued
by the present Administration in regard TO removals.
and contrasting it with what he deemed the liberal
| course of the late Administration. The arrival of
the morning hour cut off further action and the reso-