Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-07-27
TwENTY-sEyENTH CONGRESS.
FIRST SESSION.
SENATE.

"WEDNESDAY, JuLr 81. l6tl.
Memorials were presented and laid on the table
From Citizens Of Louisville. in favor ofs bankrupt
INV. From citizens Of Belmont. Ohio. demonstrating
against everything. Also the proceedings OF loco
meeting OF the same place and the effect.
On motion ofMr Berren the bill TO amend th. act
for taking the sixh taken up, aud order
ed 10 a third reading and passge.
Ga motion oi Mr. Berrien. the bill 10 change the
venue in the suit pending agains, Charles Ora.
tot iron the State of Missouri the District Of Co.
lumbia then taken Up. and debated until the er
piration OF the morning hour.
Mr. Clay, Of Alabama. xoald ask leave 10 send 20
the Chair resolution, which could be read and lie
over
prepare and lay before the Senate list OF all art
eles imported and subject To the duty OF les Ihan
~ per cent. ad valorem under the existing laws;
and also restricting the af duties now paid on
each. and the amount Of duties paid on each class
of these articles in 1897. 1885, and s39, with the
whole value Of these articles imported in each of
these years.
Mr. Benton begged to be allowed the privilege Of
sending resolution TO the Chair, which could be
read and lie over.
Resolved. That the President OF the United States
De req uesed 10 communicate the Senate the pro-
seedlings and repor, Of the Commissioners apppinied
70 examine into the conduct Of contractors and q.
gents on The public buildings.
The Senate then proceeded 10 The consideration
of the bill 10 incorporate the subscribers the Fiscal
Bank Of the United States; when
Mr. Allen moved to amend the bill by incorpora-
ting principal going 10 make the Stockholders liza.
BILE in their individual capacity. He would not
take up the time OF the Senate in discussing the pr-
prieiy ofthe measure, but would simply content
himself with asking the yeas and nays. Lost. ayes
81. Noes -
Mr. Allen then moved 10 amend the bill 90 as TO
=
eyes 81. nays 25
Mr. Walker then moved q amend the bill By pro-
NidIng that no loan 10 be made by the said bank
or branches 10 any corporation. Lost ayes 90 noes
26
Mr. Calhoun then moved to amend the bill 20 ss 10
proSide that the sock ofthe United States held BY
tho bank might be sold at any time previous r.ssni
OF Congress, and paying par value in specie. Lost
ayes 81 noes 90
Mr. Calhoun then moved to amend the bill q. to
sngraIf me principle that after the melt profits Of the
bank amount TO 81 per cent for each six months, all
rEccss beyond expenses shall be transferred and paid
over TO the Treasurer of the United States but pro-
N'dng that II the nett profits should fall short Of
per cent then the Treasurer of the United States 10
pay The deficit 10 the stockholders. Lost, ayes %
1says26
Mr Buchanan then moved to amend the bin so as
TO provide that the discounts should be extended
when they exceeded three times the amount of d..
v
Mr. Clay. ofAlIbama then moved TO am end the
bill 10 that the capital Of the said bank should he
distributed among the branches N proportion to the
relative domestic exports Of the States in which they
are situated and that the capital shall be divided by
q bona fde division. Of gold aud silver coin. the
whole 10 De readJused every two years. Lost, ayes
IA, nay, 81.
Mr. Nicholson moved an amendment 10 theeff.ct
HAT II any officers OF bank branches should con.
Ner' 10 theIr use IA any way whatever. or loan with
or without interest ally portion OF the public money
deposited therein for safe keeping. every such net
should be adjudged forfeiture Of The charter Losi
eyes 19, noes %.
Mr. Williams then moved 10 70 amend the ball I
that the bank paying out bills Of branches should be
i2blo for the redemption Of the same in sp.cis-I
LOST ayes %. noes 25
Mr. Benton then moved TO strike out from the bill
that clause which enables II 10 deal in coin. Lost
ayes ~. noes &C.
Mr. Beiren then moved toso amend the bill a. 4,
strike out the words "sI million five hundred thou.
sand dollars; the effect Of which would be 10 put
abe bank in operation n month earlier than it would
otherwise go. The effect would be TO strike out
portion Of the 9th section and insert:
Provided, That IL shall aud may be lawful for
the President Of the United Stntes rs soon rs ten
collars on each share paid. in manner herein
provided 10 appoint three directors who shall serve
until they are superseded by appointments mlde bv
ihs President Of the United States BY and with the
euNlIt CutlSeut OF the senate, hereIntpcfoFe
PROVIDED; and provided that, soon a. the sum Of
e6s5OOO 900 in bullion. gold or silver coin or in
Treasury notes, shall have been actually received on
account Of the subscriptions 10 the capital Of the /
said Bank. exclusively of the subscription Of $40
100000 aforesaid on the part of The United States
the operations OF the same shall ihence(Drth com. |
EneDce and continue OF the city Of Washington
Adopted. ayes 81. nays22
The bill was then reported 10 the Senate as O.
mended when
Mr. Clay moved 10 lay it on the table an d that il
be printed
Mr Calhoun woSd suggest that the question be di.
woo and That the question on printing 1t could be
passed by 10 day.
Mr. Clay would prefer 10 lay it on the table. and
have u printed; IL would be brought up soon enough
Tor the genilemon
The motion adopted.
Mr. Merriek asked leave 10 report q BILL which
oeing granted, the House bl making further an
Preparations Coz the pauper lunatcs in The District ~
COlumbia was reported with amendments
The bill from the House making appropriation IN,
TOE establishment Of home squadron was read
iwee and referred 10 The Committee on Naval AZ ,
Iairs
Mr. Borren gave notice that he should on the
morrow move TO take up the bankrupt bill
The senate then sJjourned.
HOUSE OF REPRESENTATIVE
Mr. WISE moved TO resolve the house into com.
- "'o "u'ie ahl take up The bill making ap-
,roPnsiicns ior Tho home squadron. Al the suggss.
i'n ~ N'i 'iInore The motion was waived, and ,
-ommiilees we're called u,on for reports
Mr. FILLMORE nlaJe the following report. q
Resolved That The President or the United St,tes
. requested fnot incompatible with the public IN ?
sfesi' " lay before This House any comrauoi, elton
iom We Ere Ich Minister 81 the Serrr'sry Of The
" relating % our commerce -and navigation 7
IN , lance under existing treaties.
M FILLMORE. from the sama committee novel IN
= oHchafged irofn the further consideration Of
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