The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-07-13

1911, from which he read 10 show that MIR c. enter
tanned the same views expressed in his speech Of
that date
Mr. CLAY thought the Senator seemed to entertain
peculiar prediction for the speech OF 1911 lie
wished the Senator had much respect for another
speech of his, delivered in 1916. With respect TO the
speech delivered in 1871 ne would say, once Tor all
for his friends for his party and posteny that ne had
voted against Bank at that time on honest conyic-
tions But what was the difference between lsl |
and 1876 AT the latter period came the war debt,
with ruined Treasury that war could not be car,
Ted on without the aid of Banks; he had changed
his opinion favor of Bank, and there stood record
ed al his reasons for doing So and he willing to
he Judged by the country and by posterity. When
the charter up IN the other House he was IN a
position where he need not have disclosed his opinions,
and III he had been cunning, he would not say dis
Greet he might have concealed his opinions others
had dome but he preferred to open his BOSOM lay bare
his heart and give his country and to his constitu
ents his reasons for the change his mind had under
pone-a change which had been in common with Ma
olson with Governors Barbour and peasants, of Vir-
GINA and all the lllustrious compatrots with whom it
had been his good fortune 10 act Does the Senator
understand it now (sad MIR. CO. Can he appreci-
ate il Can he reach that sandaid To be able adj
init that change made in common with all the patri-
ofihe age could take place without any sinister
tiyel Lctihe Senator from New Hampshire read the
speech 6f 1916 and answer il il he can if he dare.
Mr. Q went on to explain at length the reasons which
actuated HIM
Mr. WOODBURY. said il required no eoquence
let the world know that the Senator had changed
that was apparent enough but he must be permitted
10 say that he had read both speeches of the Senator
and gave decided preference To that OF ISL
After some further remarks from Messrs. CAL
HOUN, CLAY of Alabama, and Others, the question
taken striking out and decided in the aifrma
tive, as follows
YEAS -Messrs. Archer Barrow, Bates, Bayard
Berren, Choae, Clay, Of Ky, Clayton, Dixon,
Evans, Henderson Huntington, Kerr, Mangum, Mer-
rick, Miller, Morehead Phelps, Porter, Preniiss,
Preston Ryes, Simmons, Smith, OF la, Southland
Ia lmadge, White w oodbrdge-2S.
NAYS Messrs. Allen, Benton, Calhoun, Clay of
Ala, Cuhberl, Fulton, King, Linn McRooers,
Mouton, Nicholson Pierce Sewer, Smith, OF Conn,
Sturgeon, Tappdn Walker, Williams Woodbury.,
Wright, foung-2l
Mr.. ALLEN then moved to amend the amendment
TO the effect ha, no donation made by the bank or It's
branches should be charged 10 the funds OF the Gov
ernment.
On this motion shoit debate ensued, and on the
question being taken, the vote stood as follows
YEAS-Messrs. Allen, Benton, Calhoun, Clay, of
Alabama, Cuthbert Fulton, King, Linn, McRobers,
Mouton Nicholson, Pierce, Sewer, Smith, of Conn,
Surgeon, Tappan Walker, Williams, Woodbury.,
Wright, Young-2l.
NAYS essrs, Archer, Barrow, Bates, Bayard,
Belrien, Choate Clay OF Kentucky, Clayton, Dixon,
Evans, Henderson, Huntington Kerr, Mangum,
Merrlck, Miller, Morehtad, Phelps, Porter Penliss,
Rives Simmons Smith, of Indiana Southard, Tall
madge White, Woodbrdge-2l
The question was then taken on the amendment of
Mr. w oopBuRY, as amended and il adopted.
fl provides substantiay that no donations shall
be made the officers of the bank by the directors
MIR WOODBURY. then moved to strike out from
the lh line in the bill, in the LIST section, the words
rhilty millions On this motion, MIR. w. address
ed the Senate at very considerable length
NJ. CLAY rejoDed He had always been led to
believe that the Senator from New Hampshire was
mntter-ot fact man but now 1t appeared he had
some parts in him, for he for creating bank
without any capital at all
Mr.. WOODBURY. replied that the Sub-treasury
had no capital, and yet the Senator from Kentucky
had always maintained that the Sub treasury was a
Government bank.
Mr. ARCHER would give his vote against the
amendment, by which he did not mean to be under
stood excluding him from voting for any other
change of amount at another time.
Tie question was taken on the motion and decided
in the negative.
Mr.. WRIGHT then moved to strike out that part
of the bill which admits of the addition of 20 millions
of capital.
Mr.. w. sustained his motion chiefly on the ground
that the capital ought to be staid and fixed that if
the stock some 10 per cent above pai, rush
would be made to ncre the capital while, on the
other hand if stock fell. the managers of the bank
would he anxious to increase the capital by new
alliance.
MIR. CLAY replied at some length, insisting that if
the stock would be evidence of the prosperity
of the establishment and the expectancy OF increasing
the capital
The question was then taken on the adoption OF
this amendment and decided in the negative
YEAS-Messrs. Allen, Archer, Benton, Bucha-
nan, Calhoun, Clay, of Alabama Cuthbertr Fulton,
Kiog Linn, Mouton, Nicholscn, Pierce, Rlyes, Sc
ver, Smith, of Connecticut Sturgeon, Walker, Will
liams Woodbury., Wright, Young-22
NAYS-Messrs Barrow, Bates, Bayard, Berren,
Choae, Clay, of Kentucky, Clayton, Dixon, Evans,
Henderson, Huntington, Kerr Mangum, Miller,
Morehead, Phelps, Porter, Prentiss Preston, Sim
mons Smith, OF Indiana, Southland, Tallmadge, w he,
Woodbridge-26
MIR. CLAY asked if the Senators on the other side
had any further amendments to offer I!
Mr.. WRIGHT said he had one or two more, and
he presumed there others of his friends that had
to offer,
The Senate then proceeded to the consideration OF
Executive business and after time spent therein,
adjourned.