The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-05

IN SENATE.

The objects. The bin having been gone
through. and some trivial serhzl amend
nenis made. with q view 10 gise time Cor
he preparation of other amendments. Mr..
Smith moved % 20 into executive session;
which motion prevailed.
fna.y. giy IS
The Bsnkrupi bin was again izken up,
and debate Of some length occurred on
an amendment offered by Mr.. Nicholson
70 include banking institutions. The bill
was thru laid on the table, and The amend
ment ordered 70 be printed; bur Al the
suggestion Of Mr.. Clay, is consideration
was again resumed. Some amendments
having been made. the bill was reported
TO the Senate Is amended.
Mr.. Prentiss delivered his views al con-
siderable length against the general fea-
lures OF the bill; alter which The question
was taken. and the bill ordered 70 be en-
grossed-yeas ~, nays %.
Saturday. Jolly "a.
The Bankrupt Bill was read q third
time, and the question being .Shall this
bill passl" Mr.. Tallmadge. Mr.. Walker
and Mr.. Berrien advocated the bill. and
Mr.. Buchanan opposed Il.
Mr. Prenliss said, as the question in
yolyed very important principles, he
would move that the question be taken by
yeas and.nays.
The yeas and nays having been ORDER
ed on the passage Of The bill, the vote
stood as follows:
Yeas-Messrs. Barrow, Bates, Beri-
en-. Choaie, Clay, Of Ky, Clayton, Dix
on, Evans. Henderson. Huntington,
Reer, Merrick. Miller. Morehead, Mou-
Ton. Phelps, Porter, Simmons, Smith. Of
Indiana, Southland, Tallmadge, Walker,
White, Williams, Woodbridge, Young
-26.
Nays-Messrs. Allen, Archer, Bayard,
Benton, Buchanan, Calhoun, Clay, Of
Ala, Cuihbert, Fulton, Graham, King,
Linn, McRoberts. Nicholson, Pierce,
Prentiss, Riyes, Sewer. Smith, Of Conn.,,
Sturgeon, Tappan. Woodbury., Wright
-23.
The Bank Bill was then taken up, on
motion Of Mr.. Clay. and the question on
agreeing with the committee on the Sc
yeral amendments ordered to be taken Sc
parately. Several Of the amendments
were concuned in.
Monday, July &c.
The Fiscal Bank Bill was again taken
up. The amendments made in commit,
tee having been gene through with, Other
amendments were proposed.
An amendment offered by Mr.. Hun
tington, to restrict the issue Of notes q
, not less than s5, instead Of sl0, was lost
the vote being 25 TO 25.
An amendment offered by Mr.. Benton
prohibiting members Of Congress from
being stockholders, or from being counse
or attorney for the bank or any Of it
branches, or in any way employed by it
was also reiected-yeas %, nays 90.
An amendment offered by Mr.. Tappan
asserting the power Of Congress, undeI
the constitution, to repeal the act at plea
sure, was reiected--yeas 81, nays %.
| Mr.. King moved an amendment to ex
clude the President, Vice President, head
Of departments, Judges Of the Suprem,
! Court, &c. from all discounts in the banl
or its branches. Rejected-yeas %, nays
%.
The proceedings on the bill occupied
the Senate until near five o'clock.
Tuesday. July ~.
Mr.. Preston introduced a bill, on leave
to amend the act entitled an act to carry
into effect the provisions ofthe treaty witt
Mexico; which bill was twice read, anc
referred TO the committee on foreign rela
tons.
The Fiscal Bank Bill was again taker
up.
/ Mr.. Morehead delivered a speech o
l two hours length in favor Of the bill; ant
Messrs. Calhoun, Allen, Benton and 9th
ers rejoined.
| Mr.. Simmons then moved to re-consi
der the vote Of yesterday on the PROPOSE
ton TO limit the issue of notes 10 demo
mination Of not less than five dollars. HI
had voted in the negative, but from con
versations with his friends, it was though
desirable, in the present state of the cur
rency, to make the proposed change
The motion prevailed-yeas 81, nays %
The amendment was opposed by Mr.
Benton, and advocated by Mr.. Smith o
Indiana. ..-.
The question was then taken on Mr.
Huntington's amendment, restricting the
issue Of notes to a denomination Of no
less than FIVE dollars; and it was decided
in the atfirmative-yeas %, nays %.
Mr.. Clay then addressed the Senate a
considerable length in favor of an amend
ment regulating the establishment of Off
ces of discount and deposite in the seve
raj states and territories. THE speech
and amendment will be found in anothe
column. .......
j Mr.. Rives followed at great lengtl