Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-09-14
From the Globe, Sept. 2.
CONGRESSIONAL ANALYSIS.
SENATE

~ SENATE.
The discussion, or rather the dissen.
sension on the bank Bank bill, was pro-
araclsd TO so late an hour, that we have
scarce moment left TO give and account
Of it.
Mr.. ARCHER opened the day with a
hne.spun argument 10 prove-frst, that a
National Bank, to discount prOmissOry
HOteS was the most dangerous fatal des-
poInsm, that ever reared its crest upon
Tree people. But he argued that Nation
al Bank to discount prOmissory bills Of
exchange, was the most bene6cent, use.
thl institution that conll he deV sed The
one he pronounced abhorant to the Con,
s'Ilulion, aud to every"princpleiof liberty
the other, the@very thing to save the
Constitution, in its last gasp, from con-
TENDING parties. The first, in discounting
WOmlssprry notes to the amount ofseVen
" millions, issuing paper currency, had
all the properly Of the nation subject
10 lis sway-had every mischief in its
power; the latter, in dlscounting proms.
sory bills of exchange to the amount OF
seventy millions, and issuing a currency
for the nation, had no power to do harm,
but a vast deal Of good. This was the
whole drift OF Mr.. ARcHER'S argument.
lie was answered by Mr. Buchanan in
an argument Of great ability, in which the
two Banks we're compared, and the kite
flying facilities and powers of the Bank
discounting bills Of exchange, Instead OF
the ordinary bills, we're shown BY The
we'll established history of this SORT of
dealing to he, in every shape, worse. Il
would he an usurious, speculsting, polit-
icaI conlrivance, having the very worst
features Of rhe banking system.
On the close Of NJ. Bchsnan's speech
M. Clay Of Kentucky took the floor, and
made dead set at the President of the
Uniled States. T0make his attack, he
laid hold Of the: suggestion frsl thrown GU :,
hy Mr. Archer, that the President would
probably veto The new bilI, and of dis
claimer on the part OF Mr.. Buchanan, that
he had not access at presant 10 the Pres.
dents opinions, adding, in incuse vein,
that he might hereafter. This, Mr.. Clay
chose TO construe into an intmatiOn that
The President meant to desert his party; &
on this hollow pretexr, (Which Mr.. Clay TO
cover his arrogance, supposed imposSible,) y
he visited on Mr. Tyler the most unsParing
philippe ever delivered in the Senate
This called out vndicaliOn in behalf of
the chief Magistrate from all sides in the
Senate, an prS'raCted tho debate
unit near night. The state Of parties
ahd party feeling in Congress was fully
developed in it; and from that reason,
aud .ls great ability, it will be interesting
and important to b reported to the coun-
try. Mr.. ClIheun, Mr. Walker, MrWrghl,
Nr Rives, Mr.. Preston, Mr. King, aud Mr.
Linn, took part in it.
The design Of Mr. Clay, in giving this
new direction to the debate, was made
manifest at the close Of it. The argument
of the measure was closed in the two
morning speeches, TronghOut the rest
uf The day it was not touched on, and, in
fact, no one proposed to discuss ques-
lion again which was FULLY discussed in
The first bill. Mr.. Pierce, in behalf of
tho Democratic party, declined further
debate, and waived the right ofoppusition
IN get The vote. lie said he had
hrnr something like an hour ago. but
yielded it 10 his friend i,om New York
M. Wrighl.] liz chose TO consult the
l,Spsitonof his friends on both sides of
'he chamber; and they, at thus late hour
pf the day. and period Of the session.
would have heard him with patience, he
would have made some reply 20 the very
ex raordinary remarks of The Senator from
Virginia, Mr. Rves He had heard in
bat Chamber the course and conduct of
ha two preceding Presidents, past and
present, amin ldvered upon in no meas
Ited terms. aud the future acts of one
anticipated, in language the mnst caustic
nd severe. Bat in The estimation Of The
senttUr from Virginia, the hour had ar
wed wheu an approximation 10 this was a
v ID SNORING from our sphere, aud an in
as,On 0I e, ecn,rve Independence. II" I
Iad M doubs ihai EreCu'lpe Independence
would appreciate now, as fnrrunalelV II
ad on former occasions, W ,at belonged 10 ,
!. The SAnatOr from Spnth Carol ma
nd boased Of the free a"duaCOnirolied
cHen nn hs side Of the chamber. Now [
e hid toO much regard tn the feelings ot
on both sides, to reply to Ell.
her of the gan l1mAn,w Iatever no might i
ave done an holr ago. Whether they i
VI re- free Gnd uncoaE oiled, was ques
I6n which il did not becnms him TO PIE
sad to SETTLE The people of The Coun a
~ would pass upon II, and itrir
ls,tgetnPRt tDOaId be irrepersiblG Bu'