Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-08-02


MIR. Clay thought this amendment would have
the effect to place these Institutions too much
within the power of the States. The right to tax
the properiv Of The bank and the stockholders had
never been questioned but he could not admit
the right to tax the Corporation ITSELF
The amendment was negatlVed by n vote OF
81 to2l.
Mr.. Walker said that MS il was pretty apparent
they would have IL bank in some shape, he felt II
his duty to make it ms little excepIionabe as pos
sible.-From all he could learn there was ina
iority ia the other branch and clear majority OF
five in this body favorable TO The measure lie
then moved M amendment which went ~ restrict
the bunk to the purchase aud sale of bills of EX
change that had not more than one hundred aud
eighty days to run.
Mr.. Clay said that a majority of five wa4 more
liberal calculation than he had INDUCED. II IL
were so, it would be well, because it would 20 to
relieve the country from great portion of the
Gnibarrassnients under which It vas lahoring lie
objected to the amendment because ae thought il
would hive II tendency, il the bank were restrict
ed to denling in bills Of exchange only, 10 limit
its Usefulness and prevent it from throwing ont
The sound circulation, which it would he ennhIcd
to do il it deals in loans aud discounts. This II
amendment was ncgnived by vote ot Is TO y.
4 motion was tnnde to djourn.
SIR. Clay would ngrec to II only on the under
standing that the remaining amendments were 10
he brought forward tom PROV, when the blll
could be printed MS amended, ana the question TIA
ken at some early day.
Mr.. Buchanan exprrssel the same wish, being
anxious that the amendments should by that time
be disposed Of
Mr. Benton said that he had one or two amend
Inents TO Offer, which would not take up inoie Than
one hour. With ts understanding the Senate
adjourned
WEDNESDAY, July 81.
Senate Fiscal Bank Bill after having
4. 4 L -.
mendmeutS having been offered, not varying in
effect in a single instance, from those heretofore
sought to be cngratted on tho hill, was, ut last,
laid On the table, and ordered 10 he printed as IL
menGed. ann inclined to the opinion Tint it will
lie there until the fiscal bin is acted on in the 9th.
or house. am led to this opinion from the sim
pie circumstance of Mr. Calhoun having asked to
Jake The question single on printing, to which MIR
Clay replied, That he preferred that the question
should be taken as he had originally pre- scented it,
The bill received from the House 10 provide for
the establishment of II home squadron, was twice
read and referred to the comm ttce on naval af-
fairs.
Hottse.-1he Committee on the currency by Mr..
Sergeant. Of Penn, the chairman of the commit
lee, reported Bill 10 establish Fiscal .4genl, or
u. ). Bark.
The committee Oh The Judiciary, by Mr.. Barn
ard OF n. Y. reported Bill 10 establish uniform
iatC on The subject Of Bankruptcy The hill is nc
compnnied by II report favorable to the bill. A
resolution was reported irom the committee, To
postpone the cons dcraiion OF The hill to the next
session Of Congress. Tho resolution To postpone
was voted down Isl 10 81
The Fiscal Bank bill reported to the House 10y
the currency committee, is modified by the bill he
fore the Senate in ali Important particulars and III
every thing which relates In the grant OF power
and The establishment Of branches. The indicn
lions this evening are that Mr. Clay's hill will pass
The SeIute and the House The opposition Sella-
tors mean, believe, that it stall pass, aud if the
friends OF the administration are not enough 10
give it n sale devcrancr it will be luund from
| appearances, aS | write, HAT enough of the OPP
| position Senators will absent themselves from
their seats to make up for votes lost by the oppo-
ncnls of MIR. Gays bill in the ranks Of the Adj
mnsiruliOn. Tho motive for this action will he
Obvious TO you ut once. The minority claim to
know more of the views of he Executive than the
majority, and they are sanguine OF csfo from the
White House. should the bill pass the two Houses
of Congress. As faction and dsunion has become
the great ino"ng prinr lie OF Loco Focoisni, it is
thought that veto will prove more ruinous TO the
Administration than defeat in Congress
| | pretend not to know Wheeler the President
will or will rot veto the bill before The Sonata. As
| lar as know, 10 man knows his determinations.
II tie worst hut comes 10 the worst there will be
II long hesitation between the Sub Treasury bill
and the Bank hill and if the bill passed should
he returned TO Congress by the President. Con-
greSs will Hesitate long between an adjournment
without bank bill and the establishment OF n
Bank upon principles OF compromise.
The Home Squadron Bill was the mex, meas
IRE before tie House, or rather the committee OF
the Whole, The bill had before been discussed,
and today received much more discussion than
opposition. The war men deemed it n good sub
JET TO maze war speech up0ti, and The peace
mcn who wished to speak, had something TO say
he of iip hill The lpi,nir tank all
The latitude such debates usually do in the House
of Representatives, though 10 man went beyond
his hour
Mr. Gl!mcr, of Virginia, was called TO the cail
10y the Speaker and presided with dignity aud II
billy. a good chairman aud good speaker IL
among the treasures of the House, and much OF
an ahsiractiunist MIR. Gilmer is upon some
questions, he has at least the merit of keepinl
IL committee straight in debate.
Il The Home Squadron bill was reported to the
House before two O'clock. So little the op
position that it wns found difficult matter to &c
, a vote by yeas aud nays upon the bill. The yea
l and nays however We're ordered and the vote up
! on The bill was almost unanimous. Yeas lea
nays s
, Correspondence Of the Alias,
THURSDAY, July 90.
In the Senate, His morning, resolution intro
ducod yesterday by Mr.. Henderson, calling the nj
-. tei,on of the Secretary of the Navy 10 the sub
ject Of establishing naval depot in some port OF
4 the Gulf Of Alexico-passed
u The bunkrnpt bill was taken up and read b.
sections, MIR, Berrien explaining the object of eacl
Of them in turn. good deal Of discussion the
arose about the effect of the bill upon the right
9 Of married women in Louisiana, bLl it was post
poned without decision, 10 give lime for exatnili
: alton. Several slight amendments were suggest
n ed and adopted.
The amendment reported by The Commiuet
: which strikes out clause intended 10 limit IL
$ operation Of the bill to a given number of year:
= was adopted without dvision-Mr. Nicholson
). gave notice Of his intention To move to amend =
us to include banking corporations within til
y compulsory provision, an, The Senate went ini
{ executive session.
Perhaps a blief abstract of the principal movs
G ions of the bankrupt bill may hc acceptable 1
II your readers, as it will probably occupy ew day
before il even reaches the House, It permits u