Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-03
CONGRESS or THE UNITED STATES.
IN SENATE,
Hsdn,Sd Juue 70. lSil.

",
the I4h inst calling for any correspondence in rela-
ton to the payment assumption of State debts
Ordered to lie on the table and be printed.
MIR TALLMADGE said he was requested 10y
most respectable and intelligent committee OF the
Board OF Trade OF the city OF New FORK TO pre-
sent n petition of from fifteen to twenty thousand
citizens Of that city, for the establishment oil Ma
uonal Bank.
Mr. said he was authorized TO say that, al
though the great portion OF the petitioners were
friends of the present Administration, there were
still great many names oil those who belong 20
the other party and that the number oil petitioners,
by taking n htlle more time, could have been IN
creased thirty thousand. IL IS believed that there
is not the OF n single individual to that peu'
ton who is not legal voter. They are of the bu.
siness and working portion of the community. AND
MIR L. had no doubt that decided majority OF the
people OF New York were in favor OF National
Bank. He did not, at this time, intend TO occupy
the tine OF the Senate on this subject II he should
deem It necessary say any thing further, he would
take an opportunity whom the bank bill was under
consideration.
[This memorial was placed in a roll exhibiting the
appearance OF u small key, and marked, City of
New York, and measured somewhere about $50
feet in length.l
Mr. CLAY said he had converscd with some of
the members of the committee that had brought on
the document, and had learned that such had been
the feeling Of the people IN relation to the subject,
that even the aged had come forward to sign II, and
instanced an old gentleman upwards OF eighty years
OF age, who had actually walked considerable
distance to do so. MIR c. also mentioned an instance
OF FIVE Loco Focos who came TO the places where
the memorial was being signed with view TO create
disturbance, but some of its friends had calmly
reasoned with them, and the result wns that four
out OF the FIVE had come forward and signed II, and
the other had been nearly made convert. MIR G.
seemed TO regret that such influence could not
be Drought to bear the Senate.
Mr. BUCHANAN replied, in so many words,
thaS If tn orator like MIR Clay could not bring in
Alence to bear 10 make converts IN the Senate, II
would be useless for others attempt it, that where
he (Mr CO. had failed, it was not TO be supposed
that public opinion TO be affected by petitions
unfolded by the yard
The following memorials and pettioEs were pre-
scented and laid the table:
BY MIR HENDERSON: From citizens Of Mis-
sssIppi, in favor Of general bankrupt law.
By MIR BUCHANAN: From citizens of Pha-
delphia, merchants and others,) demonstrating
ganst the passage of any bankrupt law.
BY Mr. MOREHEAD; From citizens of Ken
lucky for the enactment of gene al bankrupt law.
BY MIR WRIGHT: From citizens Of New York,
against the passage of bankrupt law.
Also, from individual asking that a
law may be Immediately enacted TO relieve all
debtors from their responsibilities on the surrender
OF every thing their clothing.
The Senate then took up the resolution submitted
by MIR. Buchanan, calling for the names of all per-
sons repoved since the 4h Of March last, pending
to which is the amendment Of MIR. Mangum, calling,
in addition thereto, for all the removals from the
4h of March, 1922 to the 18th Of March, 1911.
MIR MANGUM spoke the time already wasted
in prohtess discussion on the subject II having al
tlemen really desired the Information, they could
have obtained it, with great deal more, by admit.
ting the amendment. But the real object appeared
TO be TO occupy the time OF the Senate in uttering
phiippics and denunciaton against the present Ad-
ministrauon. AS he had no disposition 10 waste
the time of the Senate, lac would move to lay the
subject on the table,
Mr. PIERCE asked the Senator to Withdraw the
motion
MIR MANGUM said he would if the Senator
would renew it,
Mr. PIERCE would not agree to do so, as he did
not desire TO clog his friends.
Mr. PRESTON appealed to the Senator to with
draw the motion. lie vase clear himself for the ex.
ercise ofthe most liberal indulgence in all matters
relating TO the right Of speech. lie thought it would
be better TO let the debate proceed than give Sem
the other side for complaint that they
were not allowed 10 be heard.
The motion to lay on the table was Withdrawn.
And
MrPIERCE commenced his remarks, and spoke
up TO the time for taking up the special ORDER with
out having concluded.
The Senate then proceeded 10 the discussion of
the special order, being the bill incorporate the
subscribers TO The Fiscal Bank OF the United States.
Mr. HENDERSON moved to amend the 10th |
section as to exclude from tho purchase OF stock
all persons other than citizens of the United States
or aliens resident therein, and TO oblige all corpora
tons or companies to belong to the several States
or Territories.
Mr. BENTON was opposed to the amendment |
II any distinction were to be made, he would pre-
fer nonresident foreigners those resident. As to
the corporations here, they belonged almost exclu-
siveiy TO aliens, who should not be permitted TO
purchase; they resided here for the purpose of ma
ging our moneyed institutions. He would make no
motion thee. Gentlemen could 90 with their
BILL and when they were done, hiss ide Of the House
would begin.
Mr. HENDERSON said he had made the amend
ment particularly for The accommodation OF those
whose preJudIces against Nat onal Bank were that
the stock was owned by foreigners.
MIR BENTON said it on the other side of
he Sana,a that fear had hcan T..
reign influence. When Germans desired to ill our
lands and redeem the wilderness, gentlemen were
opposed to II; but the different in regard
TO foreign millionaire, who could tuke stock and
rule by the influence Of his wealth politicians and
editors. IL was on the discussion Of the pre-emp-
tion bill that he had spoken Of the folly Of fearing
the one, while no alarm was apprehended from the
other. They could not trust the humble foreigner
till his hundred and sixty acres Of land but they
felt anxiety at putting the sinews Of war at the
disposal Of foreigners. So far he was concerned
lac should vote for excluding all corporations which
were for the most part owned and controlled by 70.
Ieigners.
MIR CALHOUN heartily approved oflhe amend.
ment suggested by MIR Henderson, that "aliens
should he excluded from the purchase Of stock"
lie did not think, however, that much danger was
TO DE Hpprohendcd on that score, as he did not see
how any foreigner, with the least sense OF prorre-
~, could think Of taking stock. Ifioreigners would
take his advice they would not touch IL. The
stock would he no safer than other banks, and the
whole bad exhibited state Of rottenness disgrace.
fu to the age
Mr. PRESTON thought the most obvious dictates
Of proprioty would show that when capital was
wanted, It should be taken from where il could best
be obtained. The energies Of this great country |
were more actively developed than the capital In
the country could meet Our Revolution had becn /
carried on by foreign capital. lie could see no rea
son why we should cut ourselves OF from the So !
clety Of the world, when they have a redundancy !
and we an insuticenCy. He could sec no GOOD /
reason why capital should be more restricted than
articles Of trade and commerce, IN a legitimate and
ilir way. Foreigners might DO deferred Dy what
had been said but he hoped the American PEG. |
pie we're not quite so degraded had been insinu.
atej. Foreigners might have had good cause for |
complaints and II 50, let them aspcrsc but God for.
bid he should do II.
There might have been times in our history when
foreigners had suffered but there were others also
when they had made, and on the whole all foreign |
countries had made by Us, and there was still faith
honesty and integrity enough in the country, 90 re-.
deem u from every ImputatlOH which might be cast
upon H. lie had heard much from Senators about
foreign CONTROL Indiana and Illinois were deeply
indebted, bot could those States be controlled by
msrcenary influence The capitalist who risked |
his oil with ms was under our control and not we
under his. He did not fear the foreign capit,Iists
and such had been the increase e our native pop
ulltion as TO defy oil the powers Of emigration 10
roach il; and We had nothing fear on the score Of
settlers either. The whole monetary influence Of
the world could not bow down the pride and gory !