Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-06-26
IN SENATE,
Tie Senate me, at ten O'Clock, A. NJ.

Al, WRIGHT presented memorial from New
York city, asking for a bankrupt law; also remon-
STRANGE from the same place against the samei also
n remembrance from Utica.
M BENTON presented memorial Tor bank
rupt law. ...,-
Legislature of Michigan, IN relation to desired alie
ratonS IN the course oil proceedings III the 30
MIR TAPPAN offered resolution of inquiry as
IN the estimated expense the Senate printing, rs
presented IN the bill making appropriations tor Com
gross. He observed that the item of printing IN the
Senate was very nearly equal TO that OF the House.
MIR CLAY said he would explain the crcum-
stance without the necessity OF passing the resolu-
ton The estimates for the Senate are made out
bv the Secretary. and referred TO the COMMITTEE oil
Finance who report upon examination. 10 this case
though a reduction OF twenty per cent. had been
made on the former prices Of printing there certain.
10 was n great proximity between the estimates ct
the two Houses. There were many reasons for
this. for il was manifest that the difference IN the
number OF members did no, make corresponding
difference in cost of printing. There certainly had
been for some years, most wanton extravaganza
"a tbis item of printing, which would now be saved
by the action of this body, nappointing new pm
ter in March, and he was very glad 10 hnd this spr-
IL of economy mancStlng itself IN members on the
other side. They should nave MS most nearly co.
Mir TAPPAN said he would no, press his reso.
luton as the information sought had been offered IN
another way.
MIR BIIlAANANS TCSOuNtoHs, NdttlUE. on RIlS
President for list OF removals since the 4;h OF March,
were taken up, and, after a few remarks from
Messrs. Buchanan and Mangum, were laid over till
tomorrow.
B,nks in the District OF Columbia was read a third
time. .,,
Mr.. MOREHEAD moved to re-commt the bill,
with instructions to strike out the amendment adopt
ell Yesterday, prohibiting the Banks from receiving
or having out the paper Of suspended banks. He
sustained his motion with some remarks exhibiting
the reasons for his change OF views since voting for
the amendment yesterday.
Mir MERRlCK advocated the recommUmen
displaying at large the inuui,y OF the recharieE with
the present restrictions.
MIR MANGUM was willing to vote for the mo-
ton to recommit. ifhe Senator Eom Kentucky would
amend by emitting instructions.
MIR MERRICk urged the Instructions. The bill
might be reporie back without delay, and the SEN
ate might then it, without any new discussion.
He was DESTROYS 10 have the vote on the recommt.
,nen decisive OF the sense Of the Senate on the a.
mendmen;.
MIR YOUNG opposed the motion to amend, and
the rccOnmltment.
Mir BENTON spoke for more than an hour n
sanst t!.e whole proposition 10 rccommit, and in
favor Of the restriction. He finally launched into
an attack on the banking system IN general, MIR.
Bidd.e's letters, SC.
Mir BARROW followed, in reply to Mr. Benton, !
md in justification Of his own vote yesterday, as 1
one ofhe six who opposed the amendment IN cues |
ton. IL, condemned the remarks Of the Senator !
from Missouri for rfeevancy.
MrALLEN discoursed Tor long time with great |
VIC ence pgaius, ais in general.
MIR MOREuEAD replied TO Messrs. Benton and |
Allen both on the immediate question, and on the /
history ct the late war, the currency in general
lie vigorously and e.oqueny exposed the tergIyer-
sa,ons Of the LocoEcco party IN their treatment OF
the State Baaks-hrst cherishIng and then devour-
inc these, their Offspring. Abiding TO the
ruined State Banks, ofen trlumphcG over by Sen
ntors the other side, he sald-"The ghosts Of
those murdered institutions, when they rise up a
ganE the authors of thel- ruin, and stalk across
this Chamber cannot turn TO us IN condemnation
We can not say we did iL"-He then enforced the
arguments for his motion TO reeommit, and conciud.
ed with adopting the amendment of the Senator
from North Carolina, emitting instructions 10 the
MIR BUCHANAN replied against tire proposed
amendment of the bill. He maintained that without
the preseut restriction, tie hanks woud not be, in
reality, specie paying lnsltulions Tor they would
deal almost exclusively IN the deprecated paper Of
the specie paying corporations OF Baltimore
and Virginia. lie should vote against the bill, how
ever IN whatever shape itmight come. He was OPP
posed to reviving the old SIX banks under any CIR
eumstanceS. He thought i, would be better for the
District to have entirely new Danks-eilheg one
bank in Washington, with Two branches 10 the 9th.
er cities, or three banks, one IN each city. He
believed the large majority OF the inhabitants Of the
District were in favor OF 4 system Of new banks,
rather than the revival OF the old ones lie would
also vote against any bank charter that did not make
sufficient provision Tor the perfect security Of the
note.hoderS lie wished the stockholders 10 be |
made personally liable for the payment OF the notes.
lie was des!rons TO Kill the present bill; and the
best way of doing that he would vote for the recon
mtment.
The yeas and nays were ordered, on motion Of
MrCLAY, of a ALBANIA, AMI the recommlGmeni was |
then passed:
YEAS-Messrs. Archer, Barrow, Bates, Bsrren,
Buchanan, Choate, Clay, o. KY, Dixon, Evans, Ora.
ham, Huntington, Kerr, Msngum, Merrck, u ..er
Morohead, Phelps, PreU.i.s, Preston, R.ycs, S,u.
mons, Smith, Of Ia, Sou!hard, TalImatge, Wood
b.dge-2j.
NAYS-Mcssrs. Allen, Blyard, Benton Ca
houu, Clay, Of Aia., Clayton, Fulton, Henderson,
King, Linn, McItobers Mouton, Nicholson,
Pierce Porter, Sewer, Smith, Of c., Sturgeon,
Tappln, Wake, White, Villains, Wright, Young
PA
Mr. CLAY morr5 to proceed to the orders Of tue
day, The bill 70 charter the Fiscal Bank Of the
Un,cd States now on rs second read!ng.) He wish.
ci tina! ai.Cr The ulI had been read over entire nc.
cordng to form t insisted on 1t might be read
again, section 10y section, being Then open 70 amend
Inent-
MIR WRIGHT assented to the mode proposed,
but abiding to the hour-ltWO o'clock and the
length ufthc sitting four hours--he thought des!.
rlbe 70 defer the consideration Of this important
blII TIL tomorrow. Mary Senators had not had lime
TO read IL, make up theIr minds on II. IL had
been understood shat Il the Senate met a, ten
they should adjourn about three. in the course Of
one hour they could hardly hope to do any thing
with the bill. II
Mr. CLAY yielded to the proposal on condition
that it should be taken up to morrow without for
nal reading.
u The Senate then went into Executive session.