The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-26

benanse Congress believed sheir existenee
70 be \ violation of The Constitution, 81,
Ne esntzry; and thai Il any question q
doubtful power under he constitution can
be regarded = seiiled. his Is thai ques-
ton.
begin with The year 1871. promising
only THAI | shall content myself with s,as.
in results without comment, exceps such
As may be indispensable Cor lheir elueids-
ion.
! 4. The 6n, charter was introduced in.
10 The Senate IN December, 1870. II
passed both Houses of Congress by very
decisive msjorities. On the I4lh Febni-
AIRY, 1871, i received lhe appreciation Of
the President
,. In March, 1908, D memorial or he
stockholders Of The bank was presented
10 The House Of Representative, and in
the following month 70 the Senate, pray
ing renewal Of their charter. No other
action was had upon the subject lhan 10
refer the memorial 10 the Secretary OF the
Treasury, !. 70 consider and report there
on At the next session Of Congress. On
the last day Of that session, lhai is 20 say,
on the 3D. day OF March, 1909. the Vice
President communicated 10 the Senate the
report Of the. Secretary Of The Treasury,
and il remained among the unfinished bu-
sincss. Al The ensuing session the House
resumed It's consideration, and the memo
rial was referred, on the 10Th January,
1910, 70 a select committee. The report
Of the committee recommended the adop-
ton Of a resolution. declaring that s'h
was proper 10 make provision for conti-
nuing the establishment Of the Bank Of
the United States, with Offices Of discount
and deposite, under the regulations neces-
sary for the beneficial administration Of
the national finances, during such time
and on such conditions as may be defined
by law" twas referred 10 the commit
tee OF the whole house, but that commit
tee was subsequently discharged from It's
consideration, and reference was made OF
il TO another select committee, with in
sIuictions 70 report q bill. A bill was re-
ported accordingly To continue the char
Ter Of the bank for twenty years. No
question arose, no vote was taken, on the
merits Of the bill. The whole subject
was permitted 10 lie over until another
session Of Congress.
3. On the 18th December, 1910, the
memorial Of the stockholders was again
presented in the House Of Representa-
tives, and the committee TO whom il was
referred reported bill for the continual
tion Of the charter Of the bank. After a
very elaborate discussion the question was
taken upon a motion made by Mr.. New
ton, Of Virginia, to postpone the bill in
definitely. The motion prevailed by a
majority Of one vote only-ayes 65. noes
Gin the absence Of eleven members Of
the House. ...
Shortly after this determination, Mr..
Crawford brought forward similar bill
in the Senate; and motion to strike out
the first section, which was equivalent TO
its rejection, was decided in the aiIirma-
tive by the casting vote Of the Vice Pre-
sident, and the bill fell in both Houses.
This, Sc, is one Of the cases hich, in
the oplnihps nf the Senators from Penn
sylsania and Virginia, constitutes pre-
celeni against The bank. This is one Of
Ihnse attempts, the future OF which is re-
lied ON to pr"ve that The Congress IL
1911 believed that the power 10 establish
bank did no. exist. A few words only
on tina, point. Assuming il To have been
a decisirn against the power. il must be
admitted To carry viii, !, very lisle force
as an authority. when we consIdrr that
the bill was lost by majority Of one vote
in each House Of Congress. But the truth
is. that the question drd no, turn ex-
clusi,ely on the constitutional power.
There were members oil both Houses who
az p ,scd the bill, believing il TO be con''i-
tu,ionsl. For one &c those who voted in
the House OF Representatives for The
indefinite pos,ponent, | am authorized {"
say that he did not then, and does not now.
aud never did. entertain doubt upon the
constitutional question. | sIlude to ve-
nersble and Distinguished member. then,
ami now. 81 the House Of Representatives,
Governor Morrow. If Ohio. gentle
man. Of whom | may be rermiued To add.
that the soundness Of his political princl-
pies are only equalled by The purity Of
his private, and tie uprightness and CON.
sis,ency Of his public life. HIS vote. ,f
the qnesiinn had been one alone Of consli-
tu,mnal pnwer. would have cas-. the ba-
lance in favor of the bill. aud changed The
precedent the o'her way.
Thus stood the Ease in the House.
How did il stand in the SENATE! Sr. we
have the authority Of Mr.. Madison Tor
saving thai "as To the negative OF the
Senate by the casting ro,e of The ptssid
ing officer, IL is a tart. well understood at
the tune, that il resulted not fran an
eqnali,y Of opinions in that assembly on
the M, an a. Of i.,nu re q tn.estahlish hank