The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-07-20
Reported for the New York Express.
in SENATE.
MnnInr lulu 70

Reported for the New York Express.
in SENATE.
Monday, July u.
LAND ELL.
Mr. Smith of In. from the Committee on
Public Lands, r, ported the bill to provide for the
distribution Of The public lands, with amend
ments.
The first amendment provides for grant OF
100000 acres 10 every new State on their adj
mission into the Union.
The second repeats the act concerning re-
servations under the treaty of Dancing Rabbit
Creek.
The Senate resumed the consideration of the
Bill TO incorporate the subscribers Of the Fiscal
Bank of the United States.
Mr.. Wright moved to amend The bill by
striking out the words "authorizng the subscriP-.
ton of the United States from 100 600 shares"
Mr.. Wright said it would be seen that the
object of this amendment was to cut loose the
United States from the Bank as an unequal sub
scriber. IL had been said that this might be
profitable investment for the United States, but
he desired to know if it would be wise 10 in cur a
debt for the purpose of this speculation. The
market is glutted with bank stock. and unless il
could be shewn that this speculation procured
the ordinary profit 1t would be a bad invest
ment for an individual as well as for the govern
ment.
Mr. Clay, of Kentucky, said the Senator from
New Yerk had omitted The high consideration
thatthis was great fnan ial agent for The use OF
the government. If we did no better in a money
view than the last bank, there would be one per
cent saved in interest and sixteen per cent made
in tile sales of stock. But for such agency,
more would have been lost by sub-tTeasurers and
highway robbers. Would the honorable Sena-
tor rise and say before the country that he be-
lieved that there more security in sub-tre2su-
rers, the Isaac Hills, the John Does. and thou
sand other scoundrels in whose hands the public
money may be placed2
Mr.. Wright gave an affirmative reply.
Mr.. Clay said, with the high personal respect
which he felt for The Senator, he would not say
he did not believe him, but he must be allowed
10 express his surprise TO hear such sentiment
after the experience had of the Swartwouts, the
Hoyts, and others. He had never in The whole
course Of his life met with such evidence of party
infaiuaton. He went on to state the course
taken in the case of the old Bank of the U. 5.
The Senators the other side seemed To be
attacking this bill by open assault and secret un-
dermining, the effect of which was 10 prutract
this discussion while the agonized country is
calling for action. He did not wish to interfere
with the rights Of members, but if the House
should take time on this bill in proportion to its
members, as we had consumed, we shall not
only not get away in July, but may be kept here
until late in the autumn.
Mr.. Calhoun asked how long it had taken
the Senator from Kentucky 10 defend lis own
bill, and desired to know if he expected these
greatimeasuIes should be all acted on at once ?
The Senator had SAID that the country was call
ing for aciipn, action. This was plumber, plum
der. And if the Senator from Kentucky was de-
sirous to push this system of plumber, he for one
would endeavor to protect his constituents from
plumber. He did not wish 20 delay for the pur-
pose of delay. But belieyeing that the measures
of the other side were as bad as gentlemen
themselves believe them to be good, he should
deem that they would have the opportunity to
be heard.
Mr.. Clay said in reference to the delay which
had taken place, he would merely say that the
opposition made, some speeches on saturday with
! out any reply. He asked if the questions now
sui omitted were new questions ? Was not the
country ed-replete-with arguments respec-
ling them? Great as were the talents of gen.
tlemen on the OF her side, he thought they could
add nothing TO the light which was already shed
through the county. He believed among the
grievances which the country suffers, they would
never number that Of too little speaking in Con-
gress. He concluded with saying that he, fer
one, was ready to give the majority the power 10
control the action of The Senate.
Mr.. Benton.-Come on with your gag.
MI. calhoun replied, ana asked why Such
measure as gag was 10 be now for the frs; time
suggested. How came it now 10 be found out
for the frs. time, that 100 much speaking was a
nuisance to the American people 2 He never
would submit to be silenced BY such threats. He
believed the Senator from Kentucky was warning
against the honor and interest of the people ;;
and it was important 10 resist him.
| The question was then taken on the amend
ment of MIR. Wright, and decided in The mega
tive-syes 22-nays 81.
| Mr.. Wright moved to amend The bill by pro-
viding that the Bank shall not go into opera lion
until the whole of The capital stock shall have
! been subscribed.
Mr. Clay made reply to him in which he
accused tie Senator of some unfalrness in his
argument. The friends Of The Bank deem such
an institution TO be necessary 10 carry on the
financial operations Of the government and to
regulate the currency, and they are DESTROYS to
carry it through. He once again adverted to the
course of the oposition TO DESTROY the homes Of
the suffering people. The learnde oeniIemsn
from New York'h asserted the pwouer Of Co
sress TO repeal the charter. When such an on
position was exhibiting itself, it become ,tpo
Wings to proportion their efforts to the crisis.