Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-27

off,. Sen & from Tennessee, bat he did no thn
/ that the amcnjnrn would meet tie case lie I'd
ni'ted tina, the Banks had usurP,d The federal pcw
e.. and he saw other remedy Than this, that IN y
| shall he subjected 70 the opera ION ct a bankTup'
law, that their small notes shall be suppressed by
| means 81 stamp du'y. There was no way oi
| compelling the resumption OF specie payments, but
ny the Intervention ct the arm ot la~ in Of these
| fSTns.
lie moved to amend the Amendment by max NJ
II include all banks, whether created 10y States OF
not.
Mr. HENDERSON was in Cavor of this amend
/ nrenI 10 the amendment he coutendsd that the
/ auemp, to eompcl Banks t. pay specie was nov, T.
and rlq urci de liberation before It could be adopted
Never had he heard OF any Individual who was sum.
mon,d before Commissioners OF Bankruptcy, ard
matc amcuab.e TO the provisions OF bankrupt law,
because he rers q 20 pay his debts IN specie.
Mr. SMITH ol CONNECTICUT spoke in f,yoc ofthC
ameHdmrn; TO the amendment.
MIR BENTON wished the am-n dmen, 10 lie over,
and he moved 10 ley the bill on tbs ta6e-SyeS 20,
noes :.
Nc. CLAY gave motto, tha, he would to NOR.
row move 10 take up the Bank Bill. lie thsn
Cd to take up Baukrupt u again, and asked for
the yeas ana nays which we're ordered.
The question was Ihen decided in the affirmative
ayes 20, noes -.
The question on the amendment Of Mr.. Biyari
TO the amendment OF Mr Nicholson was then taken
and decided in the OiirmOtiye-ayes -, noes -.
Mr.. CALHOUN then spoke against the amend
should regard It as the greatest enctoachment the
Constitution which had ever been made. The OPT
mons ct Mr. Gsiiaun and others were relied on, but
their opinions were strongly in favor OF a bank
rs bankrupt law. There was not an instance m
the legislation Of Great Britain m which corporations
had been included and # Ihore had, he should be
equally opposed to the measure rs uncOnstiu.Iona
and nrNuedirnt.
MIR WOODBRIDGE was no; disposed to 60 the
extent of the amendment
The question was then taken on the amendment
OF Mr. Nicholson amended, and decided in the me-
gative, ayes l6, noes "a.
Mr. McROBERTS moved to amend the second
section by striking out the wosds-mOre than two
moths.
tIe contenjci that all dealings and transactions
made bona hce ought 10 be valid, whether made two
months day before the petition s fled Sgains,
hum.
Mr. BERRIEN opposed the amendment, and
corecied the construction put upon It by the Sena-
tor froci Illinois.
The morton to amend was then negatived.
MIR YOUNG moved an amendmesi, which was
ncga,ived.
The Ball was then reported TO the Senate, and |
Inc amendments were cOncurred m.
MIR YOUNG renewed his motion ~ amend the |
irsl section, the effect OF which would be to except
,ublic detausrs, or those who shall owe money as |
Executors, Guardians o: Trustees from tie benefit /
Il the act.
Mr. WALKER hoped the amendment would be
greed 10.
MIR CLAY Of Ky, went against frauds, ami ho-
ssd tie amendment would bc agreed To.
The amendment was asreed 10.
The question on the tnsross mcnt Of the bll' as |
hen aiken, ard II was decided IN the Affirmative
Iyes p, noes %. The Senate then adjourned.