Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-07-17
TWENTY SEVENTH CONGRESS.
FIRST SESSION
SENATE.

MIR Tallmadgo presented n memorial from ciii-
zens of Missouri in favor OF bankrupt law. and nd
dressed the Senate at some length an favor ofihe
measure.
Mr. Linn presented nnoihcr petition on the same /
subject Mr. Benton, Mr. Pierce. Mr. White, nnd
others. presented papes Of the same character. |
Mr. Smilh. FROM tho committee on the public |
lands reported back 10 the Senate the loan bill to
appropriate the proceed, OF the public lands to The
States, with two amendments
The FIRST - @ grant five hundred thousand ncres
at land 10 each new State that shall hereafter be
admitted into a Union upon such admission upon
the same terms and condition as the grants TO the
new States are made.
The second amendment is to repeal proyiso in
the net OF 2i June, 1888. reserying certain lands
from sale and from pre-empton rights under the trea.
ty at Dancing Rabbit crock
Mr. ;. said neither OF the amendments involved
any principle adverse to the geneal provisions Of
the bull The first was supposed to be necessary
10 do justice 10 the States hereafter admitted into
'he Union The committee had thsughi that this
was The proper tire 10 make the provision for the
States hereafter TO be admitted which would
place them on similar footing with the other now
States.
The other amendment was made NJ the instance
oi The member Of the committee from NIiSs,Sppi
and was believed 20 be necessary 10 pivc that STATE
the benefit OF the pct FAR as the ure.anpiion
principle WINS concerned.
Mr. S had been indisposel n mako NM, ,r,o,i
mems 10 the actof the house lest II ichi oerare n
gainst ats final passage but the amendments promo.
SEQ seemed 10 be 50 essential that hc had consented
10 Them with a confident belief that they would not
nc o'Jecled To- and that the sanction The Senate
10 the bill. as amended would he promptly rcspon.
ded to by the House, its return to that body
lie "ould not say more; This The proper time
bu' he thought II proper to explain The object of the
amendments
The sennre then proceeded to the consideration
oiihe bN 10 incorporate The fiscal bank OF the L. I
IIed States
ar Wnghtmoved to amend by striking ont the /,
6OOOOO shares 10 be subscribed for By the United
States. q
The question was taken on The amendment, and
decided IN the negative.
Neas-22.
Mayer
Mr. Wright then moved 10 strike GU, from the 9Th
section Of the bill that part kich provides the a.
mount Of stock 10 DO taken by individuals Sintrs u
or corporations, Is not subscribed for before the 20ih
December next, the Secretary of the Treasury shall
subscribe Tor the residue. and be empowered 10 sell
Al afterwards not less than cost
THIS oinsudmcnt also created debate in which Of
hessts. Wright, Clay, and Buchanan rartrinalcJ =,
The question being tsken on The amendment. il ~
was ncgailSed, as follows: Yeas - Na,s27 ~
Mr. wight Then moved % strike out ihai part Of ir
the bill which allows the Bank 10 60 into operation
alter SIX millions shall have been subscribed and
~ ''S'' uHii4 Tue MIpc capital stock Of The said q
Bank shall have been paid in, required by the h,
provisions of the act
The question beiugtlkcn On This ,roepl- mani, tie ie
vote stood: AYES % NAYS 81 NJ
Mr. Clay, Of Allbam1. thon rn,val IN alJ ., tho v
9Th section the following: but until the saie Of The II
stocks subscribed by The Secretary shall be made =.
by HIM. The President shall appoint the additional ,
number Of directors 10 which ihe said stool, would
he entitled q held by individual directors" This
amendment wns opposed by Messrs. Clay Of Ken Z
iucky. aud Huntington.
Mr. Wright submitted anoiher amendment n the
effect That the directors should make NJ dividends
except rom The nett profits; nor paw To the stock
holders any part Of the stock. redure the cap;.
tai without the consent Of Congress; which was a.
dopfed.
And then the Senate adjourned.
HOUSE OF REPREsENTAT IVEs.
After the introduction Of a resolution ~ Mr.. Al.
nms, which lies over one doy. the house went into
committee OF The whole on the Ian Bill
Me- Jones spoke in opposition. Davis Of Ky. ioI
lowed in favor.
MIR Fillmore offered an amendment PROVIDING f,r
fhe payment Of the loan six months notice n0e,
Incorporation ofthre years. which was passed.
The bill was read tlrunyh by sections and pas.
sed the committee
The speaker resumed The chair and Mr.. N,-g,n
moved the previous question on each sectos.uhich
was seconded
The yeas add nays were taken on the fnal pas.
sagc Of the bll and resulted as fellows:
: Yeas-12i.
Nays-93.
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