The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-07-15
TWenty-seEenih Congress.
ExTRA SESSION.
IN SENATE.
TLasasy. IalyI.

TEnssssy. LAZY ..
The Senate then proceeded % he dis
cassion Of the bill 20 incorporate he sub
scsibers 10 the Fiscal Bank Of the United
States.
Mr.. RlFes moved 10 strike oni The 10Th
fundamental rule Of The bill, and insert
new one providing that Offices OF discount
aud deposile may be established m me
several states, with the assent 81 the lie
eislafares, or, in default q such assent,
that the Bank may employ such agent o.
Bank As may be sanctioned BY the Secre-
tary Of the Treasury.
Mr.. Rives addressed the Senate a great
Length in support of his amendment.
Mr.. Clay also replied in full o the ar
gumenls of Mr.. Rises.
Mr.. Preston supported The amendment.
Mr.. Merrick then obtained the floor,
and on his melton the Senate adjourned.
Friday. July 2.
The Senate took up the resolution cali
Inc. for The NAMES al persons removed
since The 4ih March last; when
Mr. Pierce rose and occupied The morn
ing hour. in support OF the resolution.
Tie Senate resumed the consideration
Of the bill 10 Incorporate The subscribers
ID the Fiscal Rank Of the United States
tho question being ON the amendment
of Mr.. Rives.
Mr.. Choate referred TO The changes OF
opinion that had taken place, in the Sc
nate, during the discussion OF Tins bill,
and ne acknowledged that such ! change
bad taken place in his mind. tie should
vote for the amendment Of the Senator
from Virginia, mir. Rives. lie would
occupy but few minutes in giving his
reasons for this. Having been one Of the
committee by which this bill was report
ell, lie felt a natural anxiety - explain 70
all, to that respected committee, and chief
IL 10 the honorable andgpatriotic Chair
man, why il was that he felt il his duty
to vote now inconsistency with the act IN
which he had concurred, in reporting the
Bill.
lie should vote for this amendment,
first. not because he entertained shadow
Of shade Of constitutional doubts about
The power Of Congress to SET up branches
any where. lie had no more doubt 81
this power, than 10 make post-oiiics, OF
establish a custom-house on the wharves
of Boston. lie had the honor, IN this
opinion, to concur with the distinguished
names Of Washington, Madison, Gala
lin, Crawford, and the whole republican
organization Of former days. But the
difficulty was this: il might be that he
was so circumslanced that he could moi
do this, if he would, from the want OF the
concurrence Of others, whose aid was in
dispensable. .-
lie should vote for the amendment,
then, and earnestly entreat the attention
OF his respected friends to his reasons for
so doing. And first, he should vote foI
il, because he thought he was sent here
to give the people Of this country Bank
OF the United States, as soon as he could
do il, and because he believed by adopt.
ing this amendment, they would send thl:
bill out of Congress soon.
Mr.. Merrick took the floor, and the
Senate adjourned at 3 o'clock.
Saturday. July ,.
The Senate resumed the consideration
of the bill to incorporate the subscriber
to the Fiscal Bank of the United States
The question being on the amendment o
Mr.. Riyes,
Mr.. Bayard went into an argument Il
show that the only real difference between
the bill before the Senate and the plan o
the Secretary of the Treasury was as Il
whether the branches should have ths
power to discount promissory notes. liz
moved to amend the amendmentbyc chang
ing the proposition. so as to empower III,
Bank to establish Agencies in the states
to consist Of three or four persons, which
may be converted into Offices of discoun
aud deposite, unless the Legislature o
aay state shall at its next session express
Its dissent.
+ Mr.. Phelps rose and explained tn
course which he felt himself called on {,
pursue. lie had no doubt of the powe
Of Congress to establish branches in TIL
states without the assent of the states.
The question was between sub-Trea
sury and Bank Of the United States, an
there was no middle course. The amend
ment of the gentleman from Virginia ad
mitted the constitutional power as full,
as he Mr.. p claimed it. lie had n
constitutional difficulties, and he was no
willing to load the measure with any, bu
was DESTROYS to unite all the friends Of tn
administration.
Mr.. Huntington then rose and desig
mated the amendment Of the gentleman
from Virginia as one exciting great int
rest, and as laying the axe to the root o
one of the main features of the bill. Til
argument had assumed the old fashionet
form and character. The design Of tn
clause in the original charter was to Civ,
the Bank powers co-extensiTe with tn,
duties required Of il. The amendment o