Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-07-06

The funeral oil MAJOR General Macomh -,
a, eleven o'clock to-day. At ten oelock. n.
Houses met. In the House Of Roptessn,,,..@-
the Journal was read, Mr.. Dawson. of &C ~
Chairman OF the Committee Of Military a.
nounccd the death Of Genera al Macomb. and Ia
iont resolution for the appointment Of io,n, ~
tee OF arrangements for attending his funeral n
oution was concurred in nv the Senate - ia
Miller. Of Mo-, Butler, OF Ky, and Ward -
were appointed on the part OF the House ani ~
Morchead, OF Ky. and Pierce, Of n. IL. on ~
OF the Senate. Both Houses then adioptnei ~
morrow. The members OF the two Houses ~ va
MED by their presiding officers, then rcpaircJ ,a
late residence o' Gen. Maeomb, and joined the b,..
procession.
Tuesday, June o..
The House was called, by States, for pe,,'s'
only few were presented and those relating ~ 81
cral Bankrupt law. ~
Erehcguer Of Issues,
Mr.. J. q. Adams presented plan for fiscal, A. &
framed by Alexander Hamilton, Of New Yotk - n
an Exchequer OF Issues of the United State, v,s. +
bill to carry the said plan into effect
On motion of Mr.. Adams, the same were reer,,
the Committee on the Currency, but the motion 10 ~.
failed. r~
A motion to reconsider the resolution f,ir,
hour OF three o'clock for the adjournment of the IL
this week, was rejected. The House seems 10 Co.
er five houis sitting long enough this no, weather. N
next week, they may try seven eight hours ,,s,1
ing the extra time in calls OF the House yeas and a.
on motions to adjourn, &c.
Mr.. Calhoun from the Committee on naval Al.
reported bill granting certain naval pensions-a
ject embraced in the Presidents Message
Distribution and Pre-enpiion BlH
The House went into Committee of the whos .
the state OF the Union and took up the Bill To dsrl,
among the several States the proceeds of The sal
the public lands, and TO establish permanent sy,,,
OF Pre- empton in favor OF actual settlers.
Fiscal Bank.
The Spnate resuuod tho cons,dor,,;o, ,T a.. A..
establishing the Fiscal Bank of the United State, :
Mr.. Clay proceeded TO offer amendments to the Oh
some OF which met with opposition and were defeated
Others were adopted, but were strongly opposed
The certificates OF stock made transferable aha
| the second insalment is paid in.
| mr. Clay moved to amend the 9Th section so as
allow the corporation to thiry-ive millions To-
stead OF only twenty hve at any time, and sbou
the debts due for money deposited in the bank This
| motion after debate was rejected.
| Mr.. Clay moved to strike out that part of the lsb
section, which provides that the bank shall hot d,
count or otherwise extend its loans when the notes
circulation exceed three times the amount of specie
| It's vaults. Mr.. e. thought this wholly useless and
embarrassing TO the operations of the Bank
Aiier some debate, in which Mr.. Buchanan and Mr.
Woodbury. resisted the amendment, Mr. Bayard pro
posed TO amend Mr.. Clay's proposition, and Mr.. Ga
| adopted 1t as modification. The section then 81
| amended as TO read as follows - shall the sal
| Bank increase the amount of its loans or Discount
! when The notes IN circulation exceed three times ,h
amount Of specie in its vaults, and as soon as the Ell
sience OF such facts is known, order shall be given
as early a return to state within those limits as
safe and praciicable.'
Mr.. Clay stated that he should have other amcnc
ments to offer. The debate on tho general merits
| the bill cannot commence before Thursday.
The Senate held short executive session pro,t
adjournment.
Wednesday, June 3Oh.
The business Of present dates may as well DO SUI
med up i'll few words as detailed in voluminous repor
In fact, no business has, reality been transacted
is there much prospect that there will be.
The Fiscal Bank was again the subject of talk
the Senate. Quite number Of amendments amen
ments, supplementary TO amendments &c, were pr
posed and lost however one, excluding foregne
abroad or alien residents at home from holding sto
| in the bank prevailed.
Rumor has set itself to work to create an impress
that the President will veto this bank bill unless
Ewing's feature relative to the establishment
branches in the several States is retained in it, 1t
probably as worthy of credit as was the report som
time since in active circulation, that Niagara Ia
were burned up, (or washed away)
The Senate finished its sitting with some point
discussion on the distribution bill, which however
do not think it worth while to copy, as it merely
travels the well trod ground, with the difference Of
OF having on new pair of boots-some members
for granting the lands to settlers at trillng price
contemplated in the pre-emption bill-some for SELL
them at what they will fetch and dividing the procet
among the States, and others for obtaining as large
revenue from them possible for the support Of g
eminent