Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-23

,hry might vo'e LOT Tue
~" IA moi be adopted.
IN ron said the corporation went INTO 'he
Pr. ~. purpose of making money, aud must De
81 Nv or Alabama, said this right of taxa
"a !, all the States, without the provision
& ~ ,,d was indispensable to sovereignty. IL
o. i crowded that the States should tax none
I'll .E, lands within their limits-thus allowing
.,xa,ion Could it he supposed that
ri - b,y. \ r,sht of taxing institutions from
II .,. equal to the amount they taxed their owl
81 s,is;ca and could not be- destroyed, ana "",
81 s,,,es voluntarily surrendered the r'Sn,' '"e'
III ,.naouh;cd right 10 tax property oil e.''ei ~
~ ,i,cir limits On what principle oil pt'pr''
II H,h,s be an exception? Dad thev 1--WE az!
n \, When they were coneFrlng 'neSe ~,
:. s,clusive privileges OF banking on certain '"u,
"A ihout bonus, anu giving sneh '''s
n .b,,- es without taxation.
III t.,.irR said no one would have dreamed OF ex-
y IN. institution from taxation, haa ~ not oeeh
~, Snnreme Court of the U. ). What was
80 between taxing the bank and taxing ped
- and brokers: They taxed their own
= .ni why should they not this foreign corpora
~ they taxed their own brokers, why shoo'u 'hey
i. ,reai mammoth broker: lie eou,a see no '.a
s,,sd,ency or right, that they should not TAX
xirtlOJ son said the Senators on the othel
49,. accustomed to look with suspicion on any
,,s,,s offered on this side of the Senate II
.Scch.s were established without taxation, II
.,,,ate a spirit of jealousy. 1t would also cur
ii. extent of its revenue, the amount oil us ou-
-. which, if done, would take away from .ne ou-
/ ,f their banks, which paid taxes ne Se"a'o'
kentucky said they might destroy theSe p'"nsnes
| ..,,rht this was a case Improbable, 1t not impos-
Tho oues,on was, will we concede to the States
| ,,, ,ower which they had over their own Insti'
/, his riuht was not conceded, this would be
s.,, srs, questions raised III the States where
.ss were located, and would also be great cause
,,r forward the question oil repeal; u was thefe
n,e-ast of the friends of the bank TO support
amendment ,ho ;,.,;.,.
.,.slf that was the only way you could reach 1t.
iii M, reach the stockholders, for most OF them
AM residents With regard to the equity OF tins
I . ,,uld be no question:; but II might be salu tha'
i : owned much of the stock But BY referring
| = Dartmouth College case, he contended u mace
,=.rsuce The only restriction ought TO be that
.5.ll lax them no higher than State banks
r., yeas and navs were taken on the amendment
,.clied as follows:
u,.ss Allen. Benton, Buchanan, Calhoun, Clay OF Ala,
- King Linn Mclooerts Mouton, Nicholson r,crSe, Sc
', ir. Areher Barrow Bates Bayard B-rien, Clay Of
/ r.
ys,,n Mcrsick, Miller Morehead, Phelps, Porter, Prem
p. -on summons, smith of Ind, Southland, Tallmadse
H. WALKER then moved an amendment to the ell
. IN, the business of the bank should be confined to
. and selling bills Of exchange not having more
!, 10 da:s TO run. :,
u, WALKER believed that the whole capital could
led as bank of exchange, and more profitabiy than
~ IL, ,uni of notes In all its discounts It received
:. con. interest. The question was, whether The
=, could mol put out and keep out the amount OF o's
.,,,ed and do the business OF exchange more pro-
III, man by dscounting notes. For The PROOF OF
. 10 called attention TO report made by commit
| !, i-4. These returns demonstrated that TINS
i; would find that, by conhning itself TO the DUST
" +, snreipn and domestic exchange, it could have
.,.. rnual to the whole amount of debts due IL
Gould why should 1t not be confined 10 II; II So,
ohol. attention of the board will then be eXclu
e directed 10 the great and useful object oil regn-
.n, .yci,,nres This was one OF its great Objects
gFr not. men, confne it TO thst The funds OIL the
,r.romen, invested in that bank would be much
e and for proof of this ne also referred TO Tue sae
.r.., He believed they were to have bank; there
.,ad majority Of FIVE here for bank, and also
a. l.,r IN the other House.
i. CLAY of Alabama, moved that the Senate ad-
Il. CLAY, of Kentucky, hoped not, but that the
,ssq:,nen,s would be gone on with.
HE notion to adjourn was lost Ayes 10, noes %
" CLAY was very glad that the Senator from
!, ..,a had stated there would be majority OF live;
=. amer more than he (Mr c. had calculated
H. w,s opposed TO the amendment OF the Senator from
4 ...snpl because il was experiment The Senator
.,.S ia cut off the bank from some OF the most sa
.y esal,nrs connected with it. Now, if you cut Oft
..,b.. either YOU would effect nothing, all the
r.. S,,n- thrown into forms of exchange, or you
rs, have less circulation of this sound circulating
,s,9r7 He believed the former would take place
~. he far III
.,,,,s Why create bank with half the faculties
- ,o,se:seds The regulation Of exchange was
~. .. i,s objects lie did think that, after all
H. me tina. had been spent, they might restrain their
mon nen,s, have the bill printed, and take the cues
n IN which he hoped they would find the vote, as
nj, S-nator from Mississippi mad pfognosticateo, "
III 3:,v al five.
u. WALKER said there was majority OF five who
v.l bank m some form. As to the offer OF amend
nm. h. had offered five of which four had been
,.-d The solvency of this bank its ability to al
m J, an times this sound currency will be increased
e,o. ~ confirming the bank in this manner Had
+. A.; already enough banks OF discount 1hey haa
N. too many Why not, then contine The BANK 70
h EQUATION Of exchanges, by which It's funds would
: n ;meS as secure:
TIE question was here taken on the amendment, anu
C-,..si IN the negative, as follows:
lNcssr> Archer, Benton, Calhoun Cuthhert, Linn, Mou
s.-stt. Sil,scun, Nalker-9. -,
N-N-.,r> Barrow, Bates, Bayard, Beren Gay OF NY.
Us.,r Dixon Exams. Graham, Henderson, Huntington hefr
. N,rsgui, Mrrnck, Miller, Morehead, Porter, frenriss
..a Stnon. smith Of Indiana, Southland, Talmadse Tap
i. NW'r, Woodbridge. foung-2s
" BENTON SAID there were various amendments
I'll lsned fthc Senate would adjourn
" Clay said, under the impression mat all Inc
7eadmenis could be offered tomorrow, and the bill be
lated and the question taken at some early day, ne
,ogl move that the Senate adjourn
VI BUCHANAN expressed his sincere WISH ina
..e amendments might be brought to close.
II, BENTON said he had two, but he would no.
,.s- ap more than an hour.
And the Senate then adjourned
IL OF REPRESENTATIVES,.
The Fertilization BIZ came up again IN COMMITTEE
b, he Wholc-the question being on Mr. Wlses mo
10 strike out the lst section Of the bull After much
,.,lle ,ior which we have room) in which Messrs
i5.es Of Md Boardman of Conn, j. Thompson Mason
nd Weller took part The debate ceased, at IL clock
sora.ng to order, and Mr. Wises amendment was
-cted ayes SO, noes 10 Various other amendments
,.ta proposed and rejected On Mr. Boardman motion
i Committee then rose; and the question being on
to the amendment and ordering the bill to be
crossed, Mr. Bolts moved the prorionS question:
sacl was finally carried; and the bill finally passed
i syo,e Of lis to &C. And then the House adjourned
OFFICIAL.
APPOINTMENTS by THE PRESIDENT,
81 ant ,ctth the ddrice and consent ri the Senate.
Captains VIM. NJ. Crane aud David Conner, TO be