Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-07-20
CONGRESSIONAL.
SENATE.

the passage oil Such law. The Senate
resumed the consideration of Mr.. Buch-
anaI's resolution concerning removals
from Office, and Mr.. Linn spoke upon it
till the arrival Of the hour for proceeding
with the discussion of the Fiscal Bunk
bill.
Mr.. Buchanan addressed the Senate in
opposition 10 the passage Of this BILL
He regarded It as ''of the dark ages" and
did not think that it "savored Of anS ad.
vance ofscience beyond the 10Th cenlu
~ Of the Christian era" lie denied that
the people demanded the passage of a
bank bill, said the bank question had rot
been mlde one Of the tests before the
people At the last presidential election,
argued against the location Of the Bank
at Washington City, and concluded by
moving TO strike out the words sin the
District Of Columbia." This motion was
sustained by Messrs Benton, Wright,
Woodbury., Clay of Alabama, Calhoun and
Allen, and opposed by Mr.. Walker. Mr..
Calhoun said that lift prevailed, he should
move to fill the blank with 'ihe city of
New Orleans" The motion faied-yeas
20, nays 30. Mr.. Calhoun then moved
TO strike out the words "District of Co
lumbia" and insert "city of New Orleans"
Lost-yeaS 10, nays 30.
HOUSE.
July 7th.
Mr.. Pickens inquired when the Com
mlttee on The currency intended 10 report
on The bill from tho Senate to repeal the
Sub-Treasury act. In reply, Mr.. Sergeant
stated that the Committee we're not vet
through with their consideration Of The
subject. Mr.. Warren asked for sus.
pension ofthe rules to entertain hiS mo-
ton restricting gentlemen 10 one hour
each in the discussion of any question in
Committee of the whole. The rules were
suspended and Mr. Warren moved the
previous question, which was seconded,
and the resolution adopted, yeas IL mays
rs.
Alter spending some time on tho bill
making further appropriation for the sup
port and care Of LunatIc Paupers in the
District OF Columbia, the House took up
The bill authorizing!the President to bor- |
row any sum not exceeding 8 900, 900
at an interest not exceeding fivo per cent
to be redeemable at any time after the lst
Of January, 1850.
While this bill was reading, Mr.. Wise
asked why the President had been au.
Ihorized to borrow instead Of the Secre,a.
~ Of the Treasury, the proper fiscal obi.
Ger OF Tho Government, and why the in
lerest had been proposed to be puid quar-.
lerly instead Of annually.
Mr.. Fillmore said that there was no
motive that he knew, excep, following the
usual node pursued in making loans by
The Government. He then went into a
full explanation of the objects of The bill,
and said that there was an Immediate and
pressing necessity for upwards of five
Millions of dollars--there were funds
'Iso wanting TO redeem Treasury Notes
which would fall due during the year. In
Examining the report ofthe Secretary of
no Treasury, Mr., f. said he could see
10 great error into which the Secretary
ad fallen, except he had set down his
stlmates too low. In conclusion ho re-
larked that if the whole amount should
OF be wanted, no presumed il would not I
denied that a portion was necessary J
I'd he thought that tho amount should be g
fl 10 the discretion Of the President. r
Mr. Gordon thed took ground in oppo. K
lion 10 the bill, and stated that on the a
I of January, lS4l, there was surplus al
the Treasury Of $685., 7,349, as admit.
] by the Secretary of the Treasury, m
~ Which ndthe revenue pouring Ia. $
m every quarter the Government could tn
along with an economical Administra. A
n OF its affairs. But instead Of that, ma
y had given away the proceeds Of the tn
bic Lands, and they were now en- no
yed in running the Government, in debt IN,
the purpose alone OF preparing the lin
for establishment OF a National sal
nk' io COB and grind the people Of the III
lntry. raj
Mr' FILLMORE moved that the Commit.
Ilse' which was agreed to, and the his
use adjourned. la
SENATE 9th
..,:,,, July 9Th. so
reIll'ons Tor the enactment ora Gen. tie
Bankrupt Law, were presented hv me
ssrs Wright and Tallmadae. The Al: wei
'utlon Bill Of the House was read se. as ,
ID time, referred to the committee IN est,
Public Lands, and ordered to be nrin. the
(. Mr.. Linn presented an amendment, al ,
The bill, which he said he intended 1o The
y when il should be taken up for con. not
GRAFTON. This amendment, which also con
ordered to be printed, consists Of a the
'sss'aIe us iSr the bill, and proposes that all
4 PIoCeeos ofthe sales Of public lands the
|" III Oe appropriated 70 the purpose Of ma. son
~, ueSe9ce. Mr.. Bayard reported ore
q the Select COMMITTEES ON tbe ann. sa;, S
= lnat they had agreed to recommend pro
the kePorseEsb BE- removed from ths s Prs