Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-21


Mr. EVANS sad this va, the 81 m llion,' n,
nsd some liant in ih,s business OF the Chc.ose
| E'hds' By granting the ono and a h,lf millions
congress had saved mi lions Icy preventing d III
euines which were threatening az, aud he YVES nucl
| ulsahrh u the Secretary of War hal net urged
pretty.
Inc question was then taken on the amendment,
and decided IN the resu'ive-Oycs n, noes %.
mr MING asked the friends OF the bill how n cy
cou!d reconcile themselves 10 vote for such loan
against the evidence which had been produced u
show that II was 90 necessary lie would move To
strike out twelve and insert nine.
nc question was then taken on the amendment,
ans decided IN the negative, ayes -, noes %.
Mr. BENTON referred To- the Bank BIZ now
pending, IN which;a provision appears comforting on
the government the authority to borrow one rn lion
tor that institution. This with the Loan Bill cfea
tel an AUTHORITY 10 borrow thitteen millions. He
would never object to authorize any Administration
To borrow money when necessary to meet any an
proPriaton which may be made by Congress. lie
moved To amend by inserting provision provid
my that two millions OF the - which It 10 intended
tn reserve in the Treasury, shall not bc borrowed
except It shall become necessary, in the rCcc Is of
Congress, to meet appropriations which may have
been made ny Congress.
Mr. CLAY said 1t had been demonstrated that
the twelve millions necessary, and that even NJ
not, the Secretary wrll not borrow it, as It Is only
To he DO row,d from time To time, as the wants of
the Government might require.
L he que 'iIon was then taken on the amendment
and decided IN The negative, ayes 2O, noes -.
MIR BENTON moved to amend the bi 10y strik-
lnS out the words giving general discretion TO
the Secretary 10 borrow the money in case ofex-
lsercy, and inserting words directing him TO bor-
row for the purpose of paying any appropriations
which may have been made by Congress.
The question was thep taken on the amendment
and decided IN the neg tive, ayes 81. noes 81.
Ms SEWER moved an additional section prohib-
itln- the Secretary Of tue Treasury from rc-Ssun;
any Treasury notes.
MIR HUNTINGTON opposed the amendmen,
ne unnecessary, and ouIy tending TO embarrass tie
oil. lie YOU'D not GO again over the ground IN
reference 10 the merits OF this IIl, which had
been already gone over again and again this day.
Mr. ALLEN denied that the arguments adyan. ed
against the b..l had heen answered. He dGnounc-
ed lie idea OF re issuing The gross faui.
He thanked tue Scnao from Arkansas FIR bring
ing forward this amendment, and expressed his
hope that the attention OF the gcop'c would every
where be called to this alemptso give a power TO
borrow an unlimited sum.
The question was then taken on the amendment I
AMI decided IN the negative, ayes 81, noes -.
MIR CALHOUN wished the Senate TO adjourn /
in orGer that he might have opportunity TO offer /
an amendment 10 substitute Treasury Noes for a I
Loan. But lie was exhausted, and the hour was
ate, aud he hoped tie Senate would indulge lin. .
Mr. CLAY expressed MS regret ii NJ he could not
agree without compromising his duly.
The EIl WAS then reported 10 the Senate with .
amendments.
Mir ALLEN moved ,ha, the Senate adjourn.
The question was then taken and decided in the I
neg alive, eyes ~, noes p.
MIR WRIGHT renewed the motion to amend bv .
adding the ion prohibiting the re-:sSuin. Of he
Treasury Noes when once redeemed
Mr. BUCHANAN considered this omission I
rs a mistake ana surprised TO frd il opposed. .
lie was wiling TO VOC tie necessary supplies 10 .
the cove nmcr; and he preferred a oan TO Treasu-
~ Notes. The Loan had gone beyond the amount .
REQ ulJcd tor the year, ana II was 5Skci to give
power 70 raise the 'oan % Is millions.
Mr. EVANS said the gmcnumen, was unnecessa-
~. The Secretary Of lac Treasury had no pow
CT TO re issue asI1s.e note which had been redeem
ed.
MIR BUCHANAN made some remarks in favo. of
the amendment
MIR CLAY oil kentucky opposed it, because j;
nFed dshonor the part Of the Secretary OF the
I ea.ury. When q Treasury No.o IS redeemed. II Is
tUneius otiei0, and cannot b. sged without sugi,c
M he crelary or President to impeachment.
MIR BUCHANAN repealed the idea that conf
denee VS. 70 be put IN any ones Il Senator.
Mr. CLAY SAID he was surprised 10 learn that /
the SenaoC from Penny ivarn hat no confidence
IN any man. Il was poor condition OF human ma
ture when there was no confidence 10 te repCsei Ia
any one. Even among thieves there is some conf.
dence. DID no. The Senator vote for al the Tea.
sury Note bills which authorized tie Secretary OF
the Treasury 10 issue notes ~ the Nseucy OF the
government might require and a $50 for other bills
OF a similar import lie had voted Tor bill givir,
Mr. Van Buren, authority to raise 5000 men and 10
borrow ten millions. Did not a.. this imply some
colfd=icgl
Mr. BUCHANAN m-de brief reply.
Mr. KING cOu,euisJ that an unlimited au hority
would I've gwen 10y this Oil, to REISSUE the Treasu-
ry Notes
MIR WRIGHT modified HE proposition so as TO
provide il more specific phrlseolosy 5gainst the
rs-issu.ng Vi any Treasury Noes which may either
he paid IN or redeemed. He nude some remarks on
offering the modification on the power snI practice
OF the Treasury Department
MIR BERRlEN then rose in reply and spoke at
some length IN opposition TO the amendment.
Mr. KING renewed the motion to adjourn, which
was agTeed TO, and the Senate adjourned.