Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-06-17


cal enterprises Of the Northern and
Eastern States.
II MIR. Marshall of Ky. however obtained
The floor, and spoke at length with great
energy and eloquence, chiefly in reply
to what had fallen from Mr.. Adams on n
previous day. lie avowed his deterni-
nation to vote against the motion to re-
consider, and to meet the question, If II
should be pressed on the House, at once,
and to seek an immediate and final sell
Element Of it, to The end that his consiitu-
enis and the people of the slave holding
States might know the relations in which
they are to stand toward their Northern
brethren.
II The motion TO reconsider was lost, 10
to | l6 and the House adjourned.
/ In SENATE, Friday, June li,h.-Mr.
Buchanan presented memorial from
the Select and Common Councils of
Philadelphia, asking that the Delaware
may be fortified, and steamship cDga-
ged TO defend the same; which was reler-
red.
| Mr. Rives' motion for referring TO the
Committee on Foreign Affairs SO much
OF. the Presidents Message as relates
Mr. Choa,e Of Mass addressed the House
upon the Mcleod question, for nearly
two hours, in defence of Mr. Webster's
letter TO MIR Fox, and subsequently in an
examination of the National law applica-
| bic TO the case. lie was replied to by
Mr. Calhoun, who commented severely
| upon the manner in which the Caroline
was burnt, and owned that the Secretary
/ of State had set forth that matter well.
Mr. Huntington, of Conn, followed in
support and defence of the legal positions
taken by MIR Webster in his correspon-
dence with the British Minister and in
reply to the speech Of Mr. Buchanan who
| had assailcd them.
\ Before taking any question the Sen
ate adjourned.
II In The HorsE--the unfinished bust
ness Of the preceding day was mo-
ton submitted by Mr.. Torrance to recon
slider the final vote of the House rclu-
sing to adopt the rule which excludes
abolition petitions, Mr.. Wise being en-
titled TO The floor. Mr.. Wise spoke at
some length on the motion TO reconsider,
and expressed his regret that the qucs-
tion should have been mooted at the
| present session, to the great delay of the
public business, which Congress had
been convened TO despatch, and which
the whole country were anNionsly await
ing. lie went into n full examination
OF the subject OF Abolition and the va
rious important questions bearing upon it,
defining and illustrating the duties of the
State aud General Government. Before
concluding his remarks, MIR w. was Ia
ken suddenly i'll and tainted from exhaus-
ton, and was led from the Hall by sew
eral members who FASTENED to his assis.
lance. On motion of MIR Fillmore the
further consideration Of the subj Get was
postponed to Saturday.
II Tho House then proceeded 10 the
choice of a Public Printer, and upon
the first ballot Messrs. Gales s. Seaton
were elected, by the following vote
For Gales & Seaton l34, Blair s. Rives
73, Peter Force 6.
After acting upon some other business
of an unimpor,"nt character, the House
adjourned.
In SENATE SATURDAY, June I2, 1871
a considerable number Of petitions for
a Bankrupt Law were presented and re-
lcrred.
The resolution Of Mr.. Preston calling
FOR information relative to the return of
The squadron from the Mediterranean,
was adopted.
] he resolutions Of Mr.. Benton, call
ing on the President for the orders issued
to the officers Of the army and navy re-
lalive to political offences, were taken
up and adopted.
A communication was received from
the Secretary ofihe Treasury accom-
panied by bill of folty-four sections,
comprising a plan Of Bank and fiscal
agent, in substance as follows:
1t is to be established in tho District
Of Columbia, and To be called The "Fiscai
Bank Of The United .Staies"-captal
$50, ,O00,0 900, with power TO establish
branches in the States with their assent.
The Government to subscribe one-lifth !
of the capital The amount Of the 4lh
instalment now due to the States to be
subscribed by the e. S. for the use of
the States. For the two amounts (equal
to ten millons) stock To be created
bearing per cent interest rcdecmabIe
At the pleasure Of The Government after
10 years. The remaining 90 millions
TO be subscribed by individuals. To be
seven Directors, Two appointed by the
President and Senate, and five to be el-
eCted by the stockholders. The Presi-
dent TO be chosen by the Directors out
of their own body. Tho Bank to be
fiscal agent to the Government, to re-
ceive aud dIsburse the public funds and
perform the duties of pension agent with
out charge.
The dividends TO be limited to per
cent-defciency, if any to he made up;
surplus, it over two millions, TO be passed |
to the credit Of the u. S. Treasurer. -
Not To owe moro than 90 millions above
Is deposits. Debts due the Bank moi
To exceed its capital and 10 per cent
thereon. Ii is not TO deal in any thing
excep, coin, bullion, promissory notes,
.pI ,,l.,I Ill, Of