Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-07-03
WASHINGTON, June OBJ. lSil.


You will have seen IN the lnteigeucer the
Report of Mr. Clay, from the current coInmitto e
IN the Senate the subject of the b Gk Eis-
cal Agent OF the United States. The Report ex-
hIbts The usual ciearness aud ability OF Its dIs'in-
guishcd author. 1t adopts The plan Of the Secre-
tarv OF the Treasury IN essential paFtIcul lars,
with one or two exceptions. Retaining the mo
Their Bank IN this CITY, il constitutes II central
Board Of Control from which the issues are made
and redeemed, but coniers upon II no power TO
make discounts loans except 10 the Gov efH-
men'. The dividends limited 10 per cent.
and the balance of profits after tho accumulation
of 81 600, 900 surplus, TO he paid into the United
States Treasury, which with the surplus are held
TO guarantee the payment of regular annual
div idend for the duration of the charter. v hen
this is paid. the balance Of the profits Of Banking
90 10 the United States n bonus. Mr.. Clay $
projec, confers upon the Bank, power 10 deal N
foreign exchange-the Secrctary's plan Withheld
II. The Secretarys plan limited the power TO
establish branches to the States when the Legs
lature requested them,-Mr. Clay's bill ieaves
this power general. The Secreiary's plan limits
the capitol Of the Bank 10 10000, 000-thai OF
Mr.. Clay permits increase to SSoOOOO,Uoo, II
found necessary. These changes all meet the
app. citation of tho Secretary of the Treasury,
except that which allows tho establishment OF
branches withou, tho consent Of States. That
clause with the location of the noihor Bank, 10
understood to have originated IN n desire to rec
oncilo the State Rights portion Of the Wing party
TO the measure |, will take some time to
this bill, aud it may vet undergo further al
teration before it passes; even be defeated
The LoCos count much upon the DIVISION among
The Wings upon this great measure. lh"Pe they
NAV be disappointed
Yesterday the House referred the bill 10 repe al
the Sub Treasury TO the committee OF Ways and
Means. This morning, as Is the fashion, there
was Il molten TO reconsider The vote OF reference
md n I'm IN ID,
things 10 general, and ero~y th'ng in particular,
except tho question before the House. The
vote wa. reconsidered: then came the question
Of reference, which was again debated, and re
suite in reference to the Select Committee en-
the Currency. Many were for immediate action
upon the bill, without the Intervention OF any
committee. regarding that matter OF all others,
settled by the people, upon foil discussion; the
opposition democrats" sncering at the ins;ruc-
tons of the people, and repudiatIng them. 1aa
day spcn: II undoIng what was done ycsier-
dav, and upon this simple question of reference
There was an animated debate in the Senate,
Yesterday, upon the Budget Mcssrs. Calhoun,
Clay, Preston, Benton, Huntington. SC, taking
part. To-day the rccharter OF the District Bans,
has been debated at some length. 1t seems due
to the District to give them their old banking Ia
cilites, and there Is disposition 20 yield to thcIn
though Messrs. Bentoa 81 Co. would embarrass
them " It'll limitations dcpriving the Banks OF the
power Of discountine.
The President sent IN 4 Message to-day, on
tho subject of removing the remains OF Genera!
Harrison. communicating his correspondence with
the committee, and leaving the subject TO Con
gress, without expressing any opinion, as 10 what
ought 10 be done. | canno: anticipate the ac-
ton Of either House on the sulecf, or say II any
steps will be taken in either. Il IS probable 4
guard of government troops will be detailed to at
tend the removal. The design still is to leave
here on Saturday, b. tho way of Baltimore and
Pittsburgh, though, possibly, we may be detained
till Monday.
Tho opposition party, uniting with impractical
bio Wings may proract the session TIL sometime
in August, and possibly defeat some of the impor-
tan, measures OF tho Wings for the relief Of the
country.
The Office seekers continue numerous and
imporunatc body here-and Ohio has her share.
The Hotels present strange medley. Inc DIS
appointment and dissatisfaction of many IN the
group are most manifest, and expressed with
much bitterness. There is better feeling IN the
country, with disposition to give the AdmInisira-
lion n fair tria-but the conviction is general tina,
the measures OF reform move with 100 tariy n
pace The Ohio appointments are still held IN
suspense.
They will, probably be disposed of according
TO the viii Of the Wing members Of our State.
G