Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-07-01
W. s. G. 1lDrca1.
EXTRA SESSION.

In SENATE, Monday, June 2lst.--Mr. Clay
Of Ky. from the Currency COMMITTEE report
ed "bill 10 incorporate The subscribers I,
the Fiscal Bank of the United States" nc.
companlcd by detailed report.
Mr.. Clay's plan differs somewhat from that
submitted by The Secretary Of The Treasury
chiefly IN giving Congress power to in-
crease The capital, aud IN giving the Bank
power ~ establish branches without frs,
asking aud obtaining the consent of the
States. Other points Of difference relate 10
the prohibition Of discounts by the Mother
Bank, and the permission 10 deal in toreisi,
exchange.
The bill was made the order of the day
for "Wednesday, uud 1900 copies were order
cd to DC printed.
The motion 20 print tho report of the Sec-
re,ary Of the Finances was then taken up
aud MIR, Calhoun delivered his sentiments al
length en The report.
MIR. Clay made some brief remarks in re-
latiUn To the time spent IN discussing Irrclc-
want matters on mere motion to piint, and
dragging III first Bank of Tho United States
then Tie distribution Of the public lands, aIl
augmentation of the revenue, and last, no,
least, u vindIcaton of the course of The late
administration. lie hoped tho question oi,
tho motion TO print might be taken.
Finally, The question on the motion was
taken and carried.
The bill to renew the charters of the Dis
,rlct Banks was Then taken up, and Mr.
Alien opened all his walls of wrath npon the
banking system generally. The subject was
debated pnlil 4 i. NJ, when the Senate ad
iourned.
In the lloUsE,--lhc bill from the Senate,
repeating the SubTrcasury act was read
and the question being on its reference
after an unsuccessful motion 10 refer to the
committee ot the whole, with view to pro-
cure immediate action on the bill and sub
stquenlly, 10 the committee on Finance, and
on The Currcncy,--it was finally referred 10
The Committee on ways and means.
The project Of National Bank OF S25,-
OoO,O00 capital, to be located in New York,
with branches elsewhere, which was subm,
ted on Saturday by Ml. Barnard of N. Y,
was taken up, and after some little discussion
was referred to the select committee OH the
currency. motion TO PRINT was lost.
The States were called Tor petitions, and
Mr.. Adams bad q box full, which he present
ed IN detail, stating The conicnis of each
relating 10 abolition, and some asking to be
exempted from military service IN case Of IA
slave Iusurrcclion. lie went through to the
end, without interruption, and in much good
humor.
Tho Speaker said that slavery petitions
could not Be received, and under the new
rule they were returned 10 the member pre-
scntlng them.
! Mr.. Wise introduced call upon 'hc Sec
rctary OF the Treasury for his plan OF a fiscal
agent, winch should remove all cunst u,loual
scruples ana obvate objections heretofore
made To national banks.
The House adjourned nj 3 =. NJ. to give
time to the committees to hold their meetings.
In senate, Tuesday, June 22.-Among the
petitions presented and referred were sever al
by Mr.. 1almndgc in favor oi general bank
rupt Law by Mr. Huntington, in favor oi
the repeal Of the Sub.Treasiry Act, aud the
establishment, of National Bank. Also, re.
solutions d tIlc Legislature OF Conne,llcul
~ iaVor ot the one term principle, aud DIS
crIinlnaling duties. MIR. Allen presented re-.
solutions oi Il meeting of cl'zcns of Cincln-
nall, against a National Bank which were
ordered 10 be pr!atcd.
Mr.. Buchanan's resolution, calling Tor n
list oi all Tho removals which had been made
~ The various departments and the reason
therefor was taken up, and very briefly DIS
cusscd by Mr.. Mangum (who suggested llc
.cApcdcucy of laying the resolutions on the
lnblr.) and by Mr.. Buchanan; when the hour
Tor taking up Tic unfinished business having
arrived
TITO bill 10 renew The charters OF certain
Banks IN The District Of Columbia, was taken
mp aud passed.
TIE bill from the House, making oppro.
prialiuns Tor the extra session Oi Congress,
nus passed.
ln tie sr,-Mr. Randolpl'- motion. to
Prlri 1000 extra copies of the Report Of the
StrTc,Jty u the Treasury on The Finances,
"as acrptcd--yoas 100, uays -.
Mir, VIM. Cost Johnson, from tue commit.
zee on Pubhc Lands, reported bill "appro.
pualIn1 inra limited time the proceeds ci
'hc salcs oi tho public lnnds. aud for granting
ihrm To certain Sialcs;' which was twice
read ard referred io the committee Oi The
whnlc on tie stale tft tho Union
NJ Pope moved 10 reconsider TIC vote, by
wAi,h, on Monday, ,av House had Ieiened