Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-15

I
AhG should Mr. w by hs vote put upon their nrc.s
system like this: Never II against his own udg-
tent-'t was against the wishes Of lis constituents,
and never should have vote OF his Mr. w said that
t ne rightly understood the Message Of tie President
of the IT, S., the President was opposed the establish
nen Of Bank Of the IT, S. He stated in the Message
mat the People Of the Union, had approved the veto Of
Gen. Jackson on the bull rechar;cring that institution.
ne President did not propose bank, but recommend
ID some fiscal agency substitute gr and in the
atter part Of his Message, where he spoke o. The Dis
rict Of Columbia Mr. w. understood hun is distinctly
designating The seat ol Government the proper place
"r It, Nuw # this fiscal agency not TO he
cnTpora'ed institution, hut free from the cousu
oaai objections which lay against the Bank OF the U.
Mr.. w. for one, Though he should prefer the Sub.
reasury) would boldly say that he should prefer such
IN institution 10 the system at State banks and lie had
no doubt that four fiths of .ls whole constituency
would do the He concluded by saying, tia, lie
''as bound by the deliberate rcsu, Of his ud to
vote ipr Mr. Gays amendment
Dir. BENTON made some remarks too pperiect'y
heard by liz Reporter to be disncti gwen. lie
understood, however, proposing that the Eth
ton Of the Sub Treasury law should he excepted out
OF the repeal rs having been somethn. good ~ HAT
law even IN the eyes Of gentlcmen much opposed
~ he admitted however, that i was an rproyrmrnt
on the section 10 make refusal by depository ply
oyer pu"ic moneys IN has haneS prtna j"cte evidence
ol the embezzlement OF the money.
lie thought gentlemen could not but perceive. at
every step, that they had begun al the wrong end
The proceeding threw every body INTO the most pre-
posterous circumstances, and ougl, to BE- w.rnnr 10
gentlemen on the other side 10 stop where they were
and begin anew. rs 70 ne fiscal a.en, or instrument
proposed 10 te established, which cou'I I've IN this
District il could 1--we 60, her ai.., iar The same
clause If thu Constitution WHICH forbade establish.
men Of hank in hc District forbade il il every io.t
backyard, arsenal :tr magazine, AZ, and IL! every
territory, for al ;etc tie ! :; had exclusive jl-
rsIc,nn FIT could i've tn District, could !sc
III Ell these places, he Senate SIGHT place such m
Institution II each nj lem and then round and
laugh Ill the Constitution.
Mir. CALHOUN said tina; the great difference he
tween him md Mr. Walker was, that ill., latter iii not
consider Bank If the L. ). the las. alternative
be adopted. He viewed the State BANK system that
last alternative, and in that opinion the gentleman
you'd stand alone that side ot thr House II
not then surprising that, # the SUB Treasury mus: De
repealed, tia, gentlemen, should 9" !og Bank Of tho
|. ) rather than FOR the State banks
Mr. WALKER denied that he had sad that he
wonl!, il any alternative, vote for Brik Of the L 5.
Mr.. CALHOUN reminded him ;hli Es bad md ;!.ete
vas nothing he would no, prefer 10 Tie pet b,nhs |.
The Senator did not 10 vote inr Bank If the
I. >, why would ne vote 10 put the country into
state still worse than that, Mr G. believed ;!it uine.
tenths OF Inc people nf the L. S considered pet bank
system, ifunegul4trd BY law ami subject only 10 Exc
cnve CONTROL the very worst possible state Of things
Mr. {. sorry 10 state tina: probability very
great that the Suh-Treasury law woa!a be repraed.
II that should take place and the If is6 should
also be repealed then the Senate would Lr pushed into
n place where il must choose between Bank Of tic
I. ). and pet Bank system unrcgulaed hy law
Every body knew DIR. Calhouns deep aversion TO the
latter Of these alternatives but he must still consider
a Bank of the T. ) as more TO be deprecated II was
with him the last possible alternative. lie submitted
to Mr. Walker whether The Senator from Kentucky
(Alr Clay was nat one who understood the game he
was playing, aud with great clcarness TO what his
course would lead; That S"ator proposed the repeal
III the law of 1896; end would tho Senator from Mis-
sissppI play the hands of who openly avowcd
his preference Tor Bank of the l.. S Mr. &. again
insisted that the Senate had begun al the wrong end
and that the bill which proposed to destroy TIM
Sab Treasury should contain substitute to be adopt
ed in lis In fact, The difficulties were becoming
80 great that gentlemen must come TO that
Mr WALKER said that he dad mol choose either 10
be misunderstood or misrepresen.ed by she Senator
from South Carolina
Mr. CALHOUN said that lie the gentle
man did not suspect him Of wilfully disappearing
HIN.
Mr. WALKER said he did not The gentleman
from South Carolina had said that if he preferred a
Bank Of The U. S. to the pet bank system he would
stand alone that side of the House lie could tell
that Senator that he not afraid TO stand alone =
That threat had terror. for hun, and would exert
not the slightest influence upon his Ii he stood
alcae here, he should not stand alone IN his on
State An overwhelming majority Of the people .;
that State held the pet bank system as the very last
alternative within the limits Of the Constitution
There was no constitutional measure that they would
not prefer to it, IL had been their curse. IL had been
established in 1884 against Mr. 8 opinion then
openly avowed, for at that time he had stood alone IL
the Jackson Democratic party in Mississippi. IL not
absolutely alone, he had certainly been nearly 50,
and he had stood in 1886, when h. vned against
tie system, and the Senator from South Carolina
voted for it.
MIR CALHOUN sad that he had unGuestioraL!y pre-
ftrreda regulated system OF State bank deposites 10
Bank Of the U S.
Mr.. WALKER resumed. He did not presume 10
saw glla had influenced the vote oi The honorable Sc
lator. All he said was tina: there stood that senator
vn on record in favor n tire Sale banks By side Of Mr.
VS. own vote against them. HIS opinion had then
brcn recorded although he stood clone IN his parity
that the State bark sysenl would explode. lie was
now asked to change his opinion, but lie could MT
do H. Nor had he ever changed his opinion what
ever night have been the with other gentlemen.
The Senator had said that Mr.. w preferred Bin!.
OF the L. S bat he did choose tina, tie Senator
from South Carolina should pnt words INTO h's mouth
which he had not used alternatives which h has not
stated The Senator would not perm. Nr. w T. -
10 him, could lie himself submit u IT, lie had
made such statement would ne consent that i
should gn out 10 The country that ne had what he
had said this, that he understood The President -
c,ndemning The State bank system, and equally
derlning Bank Of the L s, an. had suggested q
Substitute for both sca. agent winch should not -
bank, and seemed TO prefer its establishment - the
District of Columbia. Mr. " hld then u1df! that
though h. preferred the Snh.Treasnry - he otne-
trnS, yet he would take snt fiscal agent III Pre-
s,dnt recommended preference to the State banks,
aud, # tie aternat. presented 10 Inn, you'd
vote for it Because hc opposed 10 Bank q Ito
u. s. mns, he thrref e vote tor State banks: tie
opposed 10 them octh and could not vote Tor e.
Their.
The Senator from South Carolina had warned h'm
,ha, the for repeal "i the law 81 lo"o came
.raIn politician VINO understood his game, and VINO
was avowedy in favor OF Bank Of the L ). 1t
might be So but Mr. W. would not on any question,
much less on question Of such vital aud mighty I'M
nor, as that of the currency, ask who moved The
srrc but what the was. tie should be rsgn.
atrd by the merits OF the MOTION and not by the onar
Ter from which II proceeded. The Srnttcr from MIS-
son.i mad reminded him that na clause Of the bill pro-
h,b,ng the Iuaning of the publ money would Apply
equally to the State banks. Well, If So could 4 not
then Substantial, repeal the State bank system for
those banks paid interest for the public moneys FIR 'ac
press purpose Of loaning them again If the Sc
nacr from Mlssouri was correct, then there d
ference between h,m and Mr.. w except lhis that the
voted openly against State banks and secretly for
them; while Mr.. w went both openly and secretly
against them in toto
Gentlemen told him that if both the Sub Treasury
H.. I- .t.-