Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-06-28
oNGREss or THE UNITED STATES
Correspondence Of hs Baltimore .7msriean.
wASnIseros, June "a. lslI

UNITED STATES SENATE.
The President laid before the Senate a message
from the President Of the United States enclosing a
report from the Secretary OF War relative TO the
repair OF the Potomac Bridge.
Also, report from the Secretary of State en-
closing Information concerning the Census.
These reports were in reply to calls Of inquiry
REMOVALS FROM OFFICE.
The rsso,u,ion offered 10y MIR BUCHANAN, cali
ing fora list Of all the removals from office since
the 9Th Of March, was taken up.
Mr MANGUM moved to amend by adding the
words, "and also, the removals from Office between
the ith OF March 1929 to the 4lh of March lSIl."
Mr. BUCHANAN expressed his regret that his
call could not be permitted 20 go to the President
without being encountered by thus amendment. lie
would vote for that amendment as a separate pro.
positions but II his call were thus eucumbcred, no
reply could be expected during this session, even
should 1t last till the middle OF September. lie
stated that he called Tor no reasons, although It had
been stated IN all the papers. Little Postmaslers
had been removed at corners ofcross roads, and no
publication was made. lie said the course OF the
last Administration had been holder. Their reno.
walls were announced m the Globe. lie understood
the Postmaster General was removing at the rate OF
$50 a week. Ii there was u reason he would like
TO see or hear il. Amos Kendall, bad as he was
represented to be, published register OF removals.
lie also wished to show the consistency oil the great
Wing party. The lite Administration made no
pledge not to remove officers; but there had been
scrptoas had been carried too far. The wings
had made great professions of moderation, and
these professions had been believed. The Christian
who did not act according to his professions would
be cllleda hypOcnte. He would not apply such
an Gpihet to gentlemen this floor. lie refer
red 10 the opinions o. Mr. Clay against removals
fom Office.
Mr. CLAY-My opinions arc equally strong
now, but we must yield TO necessity. Ii Is impos-
slJlc 10 keep your in office.
MIR BUCHANAN con1nlainad that the nleo M
necessity should be alleged excuse for vio-
lItion OF principle. lie referred to the dsgracefu
scene presented in this city by the rush of office
hunters. Ii the present Administration had only
appointed their friends when others went out OF
office as theit terms expired, that example would
have been followed by succeeding Admnistra-
tons.
MIR McROBERTS also opposed the amendment,
on the ground that It would prevent the information
from being received during the SESSION. lie wished
the people to know what the present administration
had been doing. He desired 10 refer To the declara-
tons Of the Wing party, denying the abstract pow
er OF removal, and to show how little their practice
had concerned to these opinions. A new code had
been promulgated by an order issued by the Pfcsi-
dent designating political offences rs cause of re-
moNal. The power Of the President 10 issue this
order he denied. Political offences were created by
the sedlton act OF John Adams which for the first
time sIbl'c; sJch TO the penalties of fine and im.
rThnHmsn'; and he went into a commentary on the
lndeiensIbe charac Of the offences therein desc.ib
Cd.
MIR MGR. then adyerted TO some clauses in the
Alien act, and asserted that the Emperor Nicholas
possessed no such power as waS here given TO the
President, intmans that might suit the purposes
OF Wing President TO avail himself OF this law but
u was IN hostility TO the Democratic party embrac.
ing rs II did the gallant and unnaturalZed sons Of
Erin. lie referred also to an elaborate pamphlet
which had reached him since the commencement of
the session, and was going on 20 make further com,
menis, when he was arrested by the expiration OF
The hour allotted TO morning business.
U. S. BANK.
The Senate then proceeded to the consideration
ol the Bill 10 incorporate the subscribers 10 the Fs
cal Bank Of the u. States
The hrst section having been read
MIR CLAY rose to make some supplement,l sx
plantations IN addition to the report already made
without going mo the question oithe Constitution.
aIity or exPedIency ofthe Bunk. His frs, remarks
would apply TO the Capital, which was graduated
TO the population, wealth, superficial extsnt of Ter
rtory and former banks and the general bus,.ss oc
the country. The capital OF the frs, bank was ton
millions, winch amount was correctly fixed and ne
dividends averaged about per cent. during TWEEN
~ years. Since 1880 there have been two duplic,.
ions OF the population. From four millions II rose
an % years to millions and in the next 25 vearst
10 millions. he capital on this basis might now
be forty millions. The capital OF the Bank of IsI6
was 50 millions, or taking away the one fifth sub.
scribed by the government IL was 2S milions which
The Increase ofweaith had been FIVE tIn,es which
would justify larger capital. In reference 10 the
Superficial extent OF the Territory the increase had
been suca from the settlement Of the lakes, the &C.
qllsuoh Of t"s ~ western territory and Florida, as
would justify much greater enlargement ofcsn,r,I
Inc wealth Of The country had q; least trped sinre
iSlG. Inc force o. these considerations was moi
weakened oy the increase Of ocsl banks which were
now 80 crippled and IN such bad odor
he then looked at the proportion bo,,rse, tho
In, a..
subscriptions Of Individuals. The share ASSIGNED
20 the government was no more than was reoWi-sd
70 stimulate the enterprise Of the country. wbIrs
Inc Two IhiFds reserved 10 the citizens would preyrn,
Toe Government from exercising any improper in
Alenee-The interests Of the Government, would
lie secured by the profitable dividends which II
would receive. ''>' -
lie thought It WAS the wiser course TO ori, the
Completing provisions Of the State subscrin,iors
nd the fourth lnSi8Iment leiyiny tho ,,r,,,,,, -
simply Bank or no Bank. As To he Io.,,i.-
ne had slight preference 20 other places IL la
feared tina, an Institution in Washington vUb Rel
ing powers would have been converted to politic,1
purposes, because iunc!lOnaries Of government
would have too easy access to it. This oLic.,,or
was removed by the provision which cT, "a IN
power 10 make discounts, which youId n,svor,
any pubic iunctonary from seeking what thev
could not obtain. ivy
Another objection in his mind arose out Of the
dhcllIy OF obtaining nine directors here who would
command public confidence. But the f,cUi,v n tr,
vel and the liberal compensation fixed for direc,os
would enable these directors TO reside here %, -,
come on whenever required. Among The aJyan,a-
ges, was the ease with which the government COLD
apply the resources Of tie country in time NJ v,,r
when moment might turn the result Of i, mill
and battle might decide the fate of the coun,rv
~ would also free the institution from the DANCE (
those cI1ues which exist in Wal street and Cbcs-
nut street. Here in the groves Of the cnpto tho IA,
Teciors could keep themselves cool The facility or
examination, and Of securing publicity and orr,yln
liability was also no inconsIderlble ADVANTAGE.
no bonus, 10 HofniHe, is oKacted. lie Objected d,
The word as so nearly synonymous with auotbsr
word beginning with the same let en-, that ne olicc
ted 10 H. The guarantee for the act gaVe what 70
m effect guarantee Of dividend of seven oor con,
ana other PROVISIONS, favorable 10 the roverp,,c,,'
were IN lieu ola bonus. To induce indiviJ,,,Is ~
subscribe, u was provided that out Of the surpIpss
ct The former profits Of the Bank, diyIeod of seven
per cent. should be always made up. Tbus tbc,o
would be permanent dividend Of seven pcr cent.
winch would make is stock worth from no IN liz
whenever PROSPEROUS times shall return. The So.
cretary Of the Treasury had accodgd 10 the chance
made hy INC Committee, so os % enable the B1Gk
10 deal IN Bills Of Foreign Exchange.
lie stated That some objections had bcco mad,
20 this provision by Bankers, but be onp,, bsr,l.d
that this arose from the idea that IL might IN Some
extent interfere with their own operation lie
then gave his views Of what constituted the cor,,so
al exchange, and combtttcd the iien that tho All
N1niuge7 were partially distributed and that 70.
IsEnef' would denye any improper benefits from
thc uci. With the title or name OF the P,nk the
COMMITTEE had not interfercd because. reppd,,tinc
The name which had become tainted, Il would have
iecn dlfhcult 10 suggest better. There would he
connection with the Treasury, as il would bs the
lawful fiscal agcnt.