Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1841-07-16

dttdth upUu dttdChs
The committee on naval affairs was discharg-
ed from the further consideration of the cores
pondence in relation to the return Of the Medi-
terranean squadron. The committee intimate
that Mr.. Stevenson did not transcend his Duty
and to have done less would have been sheer de-
lnquency. The return Of the Brandywiuc was
connected with some painful and melancholy cir
cumstances over which the Secretary Of the
Navy has exercised proper supervisory dscre-
ton. The circumstances connected with this
unhappy affsr are already known to you, and
think it deeply to be regretted that the letter of
Capt. Bolton should have found its way to the
public eye.
July, S.
In the Senate, the Distribution BILL from the
House, was twice read and referred.
Mr.. Linn occupied the morning hour in fool
lsh talk about removals from office, and then
the Bank bill came up in COURSE
Mr.. Walker submitted an amendment, requir-
ing report to Congress, on LIST January, on
every year, of all notes discounted, and bills of
exchange purchased and sold, at every Office of
discount and depOste, together with the names
of all drawers, endorsers, &c.
Mr.. King agreed in the value of giving the
utmost publicity to all the transactions Of the
Bank, and thought the object would be better at
tanned by weekly statements from each Board
through the newspapers. An annual statement
would be SO volumnlous that nobody would look
into it.
Mr. Clay opposed the amendments, not from
any objection to the widest publicity, but be.
cause such detailed statements would necess.
sarily be immensely voluminous, burdensome
to the Bank, and only beneficial to the printers
who might get the job.
Mr.. Benton, Mr.. Calhoun and others, talked
the usual quantity of demagogvism about the
mysteries of Banks, their concealments dread
ofpubllcity, &c, and urged the adoption of Mr.
Walkers amendment, which however, was re-
jected, % to %.
Yeas-Messrs. Allen, Benton, Buchanan,
Calhoun, Cay of Ala, Cuthbert, Fulton, Hem
derson, King, Linn, McRoberts, Mouton, Mich
Tappan Walker, Williams, Woodbury., Wright,
Young-23.
Nays-Messrs. Archer, Barrow, Bates, Bay.
ard, Berricn, Choate, Clay of ny, Clayton, Dix
on, Evans, Graham, Huntington, Manrun, MI.
Ter, More head, Phelps, Porter, Prcntss, Pres
ton, Simmons Smith OF Indiana, Southland
Ialmadge, White, Woodbridge---25.
Mr., Walker then offered an amendment, &c
the effect that any ten or more stockholders
should have the right to examine into the &C.
counts, &c. of private individuals. Adopted.
| Ieas-.Nessrs. Allen, Benton, Buchanan
Calhoun. Clay, of Ala, Cuthbert, Fulton, Kiur
Linn, McRoberts, Mouton, Nicholson, Pierce
Porter, Paentiss, Sewer, Smith, of Con-, Stur
geon, Tappan, Walker, Williams, Woodbury.
Wright, Young-Y.
Nays-Mcssrs Archer, Barrow, Bates, Bay
ard, Berrien, Choate, Clay. of KY. Clayton
Dixon, Evans, Graham, Huntington, Mangum
Miller, Morehead, Phelps, Preston, Smith q
indiana, Southland, Ialmadge, White, Wood
brdge-23.
Mr.. Benton then moved an amendment, to thu
following effect, to come in at the end of TIT
seventeenth fundamental rule;
"That the board of directors and exchange
committees shall keep suitable books, in whc
are to be entered all notes and bills offered to b.
sold or purchased, the names of drawers and en-
dorsers, the amount of time to run, and whetll
} er the same was discounted or purchased, or re
fused-the same to be open daily during hour
OF business, and subj to the inspection Of tn
public"
And on this amendment Mr.. B. demanded tn
} yeas and nays, which are as follows:
leas--Messrs. Allen, Benton, Buchanan
Calhoun, Clay of Ala. Cuihbert.. Fulton, King
Linn, -nckoberts, Mouton, Nicholson, Pierce
Sewer, Smith of Conn, Sturgeon, Tappa
Walker, Williams, Woodbury., Wright, Youn
90.
Nays-.Messrs Archer, Barrow, Bates, Ba,
ard, Berrien, Choate, Clay of KY, Clayton, Di,
on, Evans, Graham, Huntington, Mangum, Mi
Ter, Morehead, Phelps, Porter, Prentiss, Pres'o
Simmons, Smith of La, Southland, Ialmadp
f White, Woodbridge-25.
: Mr.. Walker moved that the yeas and nays /
, taken on all discounts by the Board of Director
this was so modified as that the yeas and nay
should be taken whenever any Director dissel
:, ted from a discount, and then adopted.
An amendment by Mr.. Benton was adop,e
p, iorblddng any of the proceedings of the Bar
from being kept secret from the Governmel
Directors and requiring that they shall hav
full and free participation in whatever bushes
; was transacted.
The word "buion" was, on motion of Mr. Be-
ton, stricken out, so as to contine the issues
s payments ofthe Bank to gold and silver CON al
: its own notes.
+ Mr.. Clay, of Alabama, in order TO gual
F.. against the renewal of notes beyond $50 day
! proposed an amendment rendering any contra
for renewal void.
: Mr.. Berrien said the Senator could not effe
: his object in that way BY the phraseology, II
c contract for renewal only would be void.
e Mr.. Clay, of Alabama, said he would be 81;
e if the Senator would make any modification
r. Mr.. Berrien, smilng-nol.
s The amendment was rejected. The bill "
e then aid aside and after long Executive Sc
d sion, the Senate adjourned.
: In the House. OF REPRESENTATIVES, Mr.. Prot
: asker leave to introduce a resolution instrut
j. , ing the Committee on currency to report I
Il Sub Treasury bill, as soon as possible, and n
H. to connect it with any bill now before the Coz
Al mitlee, or that hereafter might come before
for the establishment of fiscal agent. Obje
{ ton being made the resolution was not rece
e. ed.
- Mr.. Hunt Of New York occupied the morni
:, hour on the Mcleod question, and in vlndicati
Ut OF the despatch of the Secretary of State-wh
at the regular time the committee took up Il
loan bill. Mr.. Pickens vehemently opposed
dc but he had not got half through his speed
re when he was admonished that the hour to viii
to each speaker is limited, had expired. lie
IN monstrated against this regulation as the m
"a abominable that tyranny has ever nvented-a
G. it was only after being repeatedly admonisl
tn by the chair, that he took his seat.
II The debate was continued by Mr.. Sergea
H. Mr.. Rhett and Mr.. Fessenden, until the hou
a. djournment.