The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-26

1870 AASNA $50 "a ftsttAs 10 thf na6fu&
slnn which oecaIrsd a. the SeHase on he
PIssidrni's ssl0 message in 1881. ! d,s
lngalslsed Srnatar from kisrglsad (l;fns-
al samssl smi1hl dsrlsrrd. IN Ais plars.
IN ansaer 70 qursnon pm 10 han 81 Ar.
Wtbs'fT. that . he had voted sgsin.I de
o-hk - 1871. hvi not q al on euL.liuu
iinnal grabnd,i aud he had Ha sl.ubl such
uas ihe case ailh olhsr members Of the
Srnaie." Hs vote would have 4 .rided The
question fsversbly m ne sxesess az The
power. 40 much Zoe The prseedsn, Of
1871.
J 4. The next movemea,. Sir President.
oseurred durihg ihs session IL Congress
WHICH crmmsnesd in December, 1914.
IL January. 1914. petition, 9as pre-
seated IN The House of Representatives
fran New York. praying The eslsblish-
iDsnl Of national bank. which Vas refer
red 20 ihr commune al wsys aud mssns.
Mr. EPpe., from Virginia. Ma The e:lsir-
msn OF ilie eommlilse. On The 20lIl Jam
usIy be rrpared 10 .lhe house thai. in the
aplninR u The COMMITTEE. cnngrrss did
mi possess the power 10 create rurpura
lians wnhin The erTnoIial limits Of he
States. within The consent ofts States,
aud The rspoTl. - Osual, Was referred 10
the conmlllee &C The shole. On the
nation o! Mr.. Calhoun, Df S.ulh EMoli-
M. ,hai committee wss discharged lIonl
the consideration ii The snbircl. and the
snnlm'iea Of ways and means we're in
suuried 20 inquire into the exl .ediency a
establishing national bank. 10 be located
~ the DRlrirl &C Cnlumbia. A bill was
repaired. IN coninTmi,y aiih The insuac-
iians ,d The Il"u.e. ~hlch was read and
rommluud. On The 10Th March. Mr.
Fisk. 81 New York. moved 10 discharge
The c0Inmliiee ~ tile whole house from
the consideration al that bill. and that i
be referred to select commilIee. With in.
slrncii"ns 10 rep"rl bill with provisions
for the establishment OF a national bank
with branches. This latter motion was
rejected By Tie House. and no further &c.
I,an was had on the bill Of The commlucs
Of wsys aud means.
II The proceedings had stopped here,
there would be some reason cor suppos-
ing that the opinion Of The House was, in
THIS instance, unfaynrahle 90 The exercise
81 the powet 70 establish bank with
branrhcs Bat in less ihan manlh sno.
iher mu,emenl was male. which 10 clear
" indicative of different intention. On
The % April. Mr.. Grunhy, IRON Tennes-
zee, submitted q resolution that ga com.
minee he appointed TO inquire into the
expediency rf establishing . national
hank, and that they have leave To report
hy bill or Otherwise. Mr.. Grundy said,
"he wished Ia see bank established as
a national object. lei who will be in paw
err" "he entertained nv constitutional
scruples about :" "he always had been
in favor Of measure Of this SORT" and
=. Ia point uf time. he though The present
situa,inn of the country afforded cogen'
argument ia favor of the measure" Mr..
Newton, Of Virgins. "mosed iha, the
res"In,inn be postponed indefinitely" but
the House refused the moiIou-seseniy-
one voting in The affirmative, aud eighty
in the negative.
Mr.. Hall OF Geo. proposed to amend The
reso.u'icn by adding after ia. " ord bank.
tie words " Within abe District ii Colum-
bIa." but The mo ion failed, only ,hIr,y-
two vorng in favor Of u On the Slh
April, al the instance oi Mr.. Grnndy. the
chairman of the last meniioned commit.
tee. they were discharged from the fur
ther consideration oi the resolution
aud there, for that session. the sclion Of
the House terminated. The motives
hich induced the chairman (Mr. Grun-
dy to make The motion TO discharge the
committee. are fully indicated BY the de-
bates upon his resolution. The session
was near i's close. Mr.. Newton alleged
as his reason for moving the postponc-
mrnt. tina, 4" The time rapidly approached
at which The House had resolved to sd
journ"-" iha, bot nine days remained OF
the session"-and The journals show tia,
Congress did adjourn on the l6h April,
only eight days afterwards. The subject
was not brought up in the Senate; but the
decided expression Of the judgment 81 The
House agains, a motion Tor an indefinite
posiponemeni, is conclusive proof Of the
sol,cuude which was felt by majority Of
tina, body. that bank charter, in some
sharpe. should pass. Such is the history
of the failure Of another Of the attempts to
which the Senator from Peunsy " ania has
alluded.
5. But, sir. the great object oI restoring
the currehcy was far from being abandon.
ed. There was an all pervading impress
san that nolhing but national bank
could relieve The Government. and, con-
sequently, at the mex, session Of Con
gress he House Of Representatives re
sumcd tie subject. Another memorial
lrom~New York was referred 70 the Com.
mit,ee of Ways aud Means, Of which Mr..
Ennes conti,.,ed tn no The rbairn,n