Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-09

IA
evil Than rood He acknowledged the valuable i'm
movements in this bill made by the Senator from Ken
tuck especalIy in cutting off all possible connection
between the members of Congress and the Bank, and
also in prohibiting any facilities to s officers Another
valuable Improvement was that winch prohIoited the
renewal of notes Let the institution be planted on
ground which is unquestonaby incontes,ibe, accord
ing TO the plan Of the Secretary, yield TO State PRIDE
and Won would build il up foundation not TO be
shaken.
Mr. CLAY expressed regret that his friend from
Virginia thought il his duty offer this Propostion-
Although he acquitted his friend of such intention, he
saw that nothing but mischief could result from it.
He would not 60 into an elaborate reply at present.
but would merely add little 10 the argument which
he had furnished in his report. There arc about - III
the Senate who in favor Of the existence OF power
to establish branches while the gentleman from V'r
sna and his friend and colleague opposed to this
power Yet his friend wished The q to come over 70
the . instead of the going over to the % And TINS
is the concession which he asked II was question OF
power or no powcr-constlutoualiiy or unconsttu-
Ii onalty-bank or no bank-and any ccssion must be
total REIMBURSEMENT of the pnwcr.
Mr. Clay pledged himself TO bring this specific
question up for decision at the next session lie would
have done it now had he not considered THIS an extra
ordinary session for special purposes The very Tea
ture Which provides the power of the hank to perform
the main functions Of Bank out of the District the
very part which receives all the appreciation OF the
Honorable Senator. A Bank depends not on name,
of which merely exists within the District, while all
its faculties are TO be exercised in the States, and
while the gentleman refuses his assent 10 the consiiu-
tional right of Congress to establish Bank nomnally
within the States, he approves tine conierrng OF all
the real powers OF Bank on an institution operating
within the States.
Mr. CLAY adyer,ed TO the establishment Of branches
as necessarily suhecng these branches TO the jursdic
ton of the States The clause in the amendment
which speaks Of the withdrawal of the branches with
,tontr ,pnf Va al
what cannot be done directly may be done indirectly
The highest exercise of Legislative power was IN
penal enactmcnts. Now, if there are twenty SIX
branches, how are you to punish embezzlement f"n
place there these branches, and, II against The assent
of the States you have no power To punish. Tho
question is one of power or no power Ii we have NJ
power he had no desire to trc with the people, TO Try
an experiment We have suffered BY rash experiments;
and at tine moment congratualng ourselves on
having reached port of safe ty-comes the senator
from Virginia with new expe rmehi.
Mr. RIVES-l is not my scheme. The amendment
IS in the words Of the Secretary Of the Treasury.
Mr. CLAY. The gentleman may have The benefit
of this endorsement. lie must in this question lhnk
and argue for himself lie believed That 'hs states
would never give their assent lie believed that the
people Of Virginia themselves abandoning The
ground taken by the Senator. II air Madison mace
his memorable declaration in Isl j. subsequent eSs!a
ton had decided still more strongly the constntnnay
Of Bank. Although Gen. jackson was re-efecHd Al
ter the veto Of the Bank, many voted for hun On his
pledge that he would GO for Bank. Mr. Van buren
election test because 1t depended on oter
tons. All he would say to the opinion OF theires
dent was, had reason 10 believe that he would &c
with the Wing party the subject oi Bank
He believed the President would act with view &c
the public interest; and should difference arse, II
would not be for the first time But ne asked was
this Bank struggle to be eternal lie appealed 10 the
Senate to pass the bill and you will restore tossed
and troubled people to peace. Adopt the amendment
and you will reopen the door Of controversy, and vii
| find yourselves in the vestbule at strife. a Bank
on safer principles could not be suggested and he
prayed the gentleman to withdraw hts amendment
He would not quarrel with him, and il he still CONT
nued to cling to it, he hoped he would do it in peace
an without nerruptng the friendly relations between
them.
Mr. RIvES said he was of the last TO wish to
procure any change of opinion in the constitutional
views of any gentleman. He related The history Of
the amendment The Senator from Kentucky had
himself called for The plan of the Secretary BY reso
luton the result Of which had been The scheme which
the Senator had now denounced as Wild and experiment
ta We (said Mr.. r. ask our friends to forbear from
the exercise of power while they demand Of Us the
exercise of a power which we conscentiously believe
is not in our possession lie repeated that al least
moety of the people in favor of the forbearance
from this power therefore the appeals he had made
for concession stood on higher ground
Mr. Rives despared Of saying any thing to disturb
the profound convictions or TO shake the well poised
| Judgment of the Senator from kentucky. But he
might ask some consideration for the s'ubbornness oi
his own old fashioned scruples He considered that he
best sustaining the administration by coming Tor
ward with language Of peace and compromise. II
they should differ this question: they would yet he
hoped, lie able to act together other questions.
| Mr. PRESTON expressed the hope that the amend
ment would be concurred in. Ailer the most mature
and solemn deberation he had determined to give il
his support He gave it as his opinion that the late
administration was defeated the ground of finance
On that ground the late party had been expelled from
power. The verdict of the people had condemned the
Sub-Treasury.
act by the fundamentally of Bank, and that they
would introduce Bank Of the L. S. Here we have
had plan from the Secretary Of the Ireasury-a Wing
Executive-and there is a difference between the Elk
ecutive and the Legislative branches. The Senator
from Firg inia had proposed the Executive pan IN P
sissimis reTbis
| Mr. P said he was unwilling to enter into any mea
sure which would produce an interruption OF harmony
between the two branches. But he was not OF the
opinion that a disagreement on this point with his
friends here would have that effect, and not dreadng
this he felt reluctant TO 60 against the project of the
Secretary There was general concurrence among
the Wing party on most Of the provisions Of the bill
Every thing went we'll until this point OF establishing
branches was touched and then we began 10 split on
rock of distractions.
The Senate then adjourned.
HOUSE OF REPRESENTATIVES.
Thursday, July lS4l.
The SPEAKER laid before the House certain EVIL
dence in the of the contested election from l'rg'-
MIA which was referred to the Committee of Elections
The Speaker also laid before the House communi-
cation from the Secretary of State IN relation to the
census; which referred 10 tina Committee on the Ju-
dietary, and ordered TO be printed
BANKRUPT LAW.
| The SPEAKER laid before the House message
from the President of the U. s., encios'nga memorial
from citizens of New York, praying The passage OF a
bankrupt law. The memorial was signed by 5000
persons The message read, and is in the follow
ing words:
House Of Representatives. of the Unifcd states -,
The in favor the passage OF bank
rup law by nearly thousand Of the inhabitants Of
the city Of New York; has been forwarded 10 me, Wy
request that would submit the consideration o.
waive compliance with request ngea upon ~ "
large and respectable number OF my fetw.cltZehs. h'
bankrupt law carefully guarded against Fraudulent all,
embracing, far practicable all classes oil
ure To which has constituted prominent oecoh
measurc-wouId afford extensive relief do no. To-
The distress incident the arrangements oi some years past @
visited large numbers of eow-citiZ' ms WIN
vency energies both mental and PHYSICAL D! VI
the load of them lost 10 the county,