The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-07-06

been offered Dy It's lrtenos, IL "H nave W pass
the ordeal of its enemies.
1t is impossible to give you any definite idea
of the amendments, unless the amendments
were before you, nevertheless there were one
or two worthy Of your notice-for instance the
original bill gave the power to Congress to in.
crease the capital of the bank twenty millions.
This was so changed as MOTTO take effect
till after the first June, 1851, thus allowing
ten years for contingencies.
The bill at first contained a proviso that no
debt should be owned by the Bank over and
above those for money deposited, beyond 20
millions. Mr.. Clay moved to extend this to
80 millions, but his friends did not sustain
the motion-there were % for it and % a.
gainst it-Messrs. Choate, Henderson, Rires
and Simmons, voting in the negative.
The next proposition on which there was
considerable debate, was one offered by Mr..
Clay, to strike out the 18th section, which
was in effect that the circulation should not
exceed three times the amount in the vaults.
This amendment was sustained with great
deal of ability by Mr. Barrow of Louisiana,
who maintained that it was a fallacy quite I'M
worthy of the age that the solvency of any in
stltution depended on the amount of specie on
hand. He maintained that if that section was
sustained, it would rob the bank of more than
habits usefulness.
After a somewhat pfotracted discussion
the matter was so compromised that when the
circulation should be beyond three times the
amount of the specie, the debt should not be
increased, but that orders be given TO return
within such limit, as early as Mas consistent
with safety and practicability.
The senate went info and aynCutiyn SoSSi an
of more than ordinary length-thc nomina-
tons before them are said to be more than
usually numerous.
Rumor was very busy to-day in asserting
thatthe President was about TO send a message
recommending the passage Off bankrupt law
at the present session.
THE SENATE, July 1.-The discussion be-
tween Mir. Rives and Mr., Clay upon an amend
ment proposed Ly Mr. r requiring the assent If
the states TO the establishment Of branches, was
OF exceeding interest. They both commanded
the profound attention of all parties, and drew
20 the Senate large portion OF the House OF
Representatives,.
Mr.. Rives urges that he cannot go for Ma
tiogal Bank having in it the power TO establish
branches in spite of the states Mr.: Clay re-
plies that mere Bank in the District Of Colum-
bla, with no power 10 establish branches in The
States. is Bank not worth having. MI. Rives
replies, that the states will gener lily give their
assent and demands that there be no assertion of
abstract rights, when for all practical purposes
branches can be established, so that he and other
states rights Senators ran vote for the bill. Mr..
Called upon Mr.. Riges TO take hack his isolated
proposition. viii h nobody but himself and his
colleague { Mr.. Archer } demands and as hs
friends did not expect the Virynian Senator's to
ynte for line bill. lie requests them not 10 throw
r.. al.
il = no proposition Of his; that Mr.. Clay intro
duccd a resolution calling upon Mr.. Ewing for
his plan, which plan from the Executive Depart
nlcnl Of the G1vefnment required the assent of
the states. Mr.. Clay had struck that out Of Mr.
Ewina's Bill, and he now moved to re-iaseri Il,
by which he supporting the administration.
MIR. Clay vas opposing il.
In the course Of the discussion, MI Preston came
out and advocated Mr.. Rives' amendment, which.
Mr.. Clay calculates upon 20 Wings to vote for his
bill he could not have expected. The discussion viii
go on, continued with renewed interest.
In the House. the message of the President ac-
complaining memorial for General Bankrupt Law,
is the main thing of interest The discussion upon
the Public Lands is going on, MFR. Gilner of Va.
tWhig) taking ground against it.
The market for breadstufs continues unset
fled in price. Several thousand bushels of
wheat have been sold at 90 cents from boats.
Wagon wheat ranges from So TO S75 cents. -
Flour is less cnquired for, and sales from boats
have been made al 81 SAL from ware
House s3a a SAL according to quality and
condition. Stock light. Provisions dull with
ont sales. Oats are on the decline as there is
less inquiry Corn nominally 35 cents. Fine
salt 81 so per bb Plaster IS so per ton. YES
Sells abundant and frieghts without change
Banks and brokers ask per cent premium on
New J ork.-Ciereland Herald June Is.
MExIco-The latest papers from Mex
leo confirm previous rumors of an attempt
at Revolution in this country. So it will
be until education becomes general among
the peopie.-While they remain ignorant
and debased, the instruments ofthc militia.
ry chieftain, attached TO men, and knowing
nothing of principles, the country must re-
main subject to feuds and civil war. Nor
is it peculiar in this respect. Brazil is the
only Colony of the Spanish and Portuguese
on this continent which preserves any SEM
blance oforder and internal quiet. Para
quay did, bat since the death of the splen-
did tyrant, Francia, has fallen into he hab-
its Of It's neighbors.
From the Courier and Enquirer.