Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-06-22


agent as, being free from constitutional
objections, will in his opinion, produce the
happiest results, and confer lasting and
important benefits on the country.
He (Mr. Kins) trusted the Senator
would change the language of his resolu-
tion 10 that Of the report ON which he says
il is founded. The language Of The
report does not call fol United States
Bank; it simply alludes to fiscal agent
for the management Of the public moneys
ofthe United States.
Mr.. Clay said the report evidently, as
he conceived, referred to United States
Bank, as The fiscal agent. But if il was
the desire of the Senate TO have an en-
largement Of the ground of the resolu'
iion, be would have no objection.
Mr.. Woodbury. submitted, that II the
Senator from Kentucky adopted the sug-
Restion of the Senator from Alabams, he
would, besides adopting the language OF
the Secretary Of the Treasury, also 50
shape his resolution as TO call fOr there
port Of such a fiscal agent as shall be free
from those constitutional objections which
had heretofore been urged against every
plan suggested to Congress. What was
wanted, was fiscal agent for the purpos-
es Of Government; free from constitu-
tional objections.
Mr.. Clay objected that this was more
ly hypercritical. Ii the plan Of the Sec
rstary Of the Treasury was not such as
met the appropriation of the Senate, it
could 10 its consideration be- altered or
amended.
Mr.. Wright said the Resolution
seemed TO be Objectionable in Two plrtic-
ulars.
EMr. Clay asked Mr.. Wright to speak
louder.
Mr.. Wright repeated the remark above,
and continued. Tho objections were that
the resolution was q command upon The
Secretary, and ordered him TO report
plan Of a Bank, and q plan Of Bank
which would require a charter of iaeor.
poratiOn by Congress. Mr.. w. supposed
the object to be to obtain the views Of
the Secretary Of the Treasury as to
"fscGE Ggenf' for tho Treasury Of the
United States, wheiherit shonld be bank
or other fiscal agent; mud il that was the
object, he could hot think it proper TO con-
foe the discretion and the reply OF the
Secretary upon these two important points.
Tho Senate could not say that the plan
oftho Secretary would DO bank at all;
or il q bank, that it would be such bank
as would require a charter Of incorpora-
ton from Congress. We should not
therefore control his discretion, and the
report he may make upon these two
points, while the honorable mover would
admit that, ifthe resolution should be
passed in its present form, the Secretary
would be compelled to report the plan of
bank, and OF such Bank as should
require incorporation by law Of Con.
gress.
Mr.. Calhoun said the Senator from
kentucky had expressed his conviction
that plan would be submitted by the
Secretary Of the Treasury that would give
general satisfaction, and reconcile all
parties. Why not, for the purpose Of en-
abling the Secretary TO do this, give him
the extent ofground embraced in his own
languages Let him have the largest pos.
Siblo scope, and give him room TO report
fiscal agent, such as he. himself says is
necessary. He hoped, II the Senator
from Kentucky would not SO modify his
resolution, some Senator would move an
Amendment TO that effect.
Mr.. Rives was in favor Of obtaining from
the Secretary Of the Treasury report Of
fiscal agent which would be free from
constitutional objections, and such he un.
deFstood was the object Of the resolution.
He would be extremely obliged to the
Senator from Kentucky 10 80 modify his
resolution as to suggest to the Secretary
Of the Treasury TO report plan OF ''hs-
cal AGENT" and avoid the ambiguity which
might arise from tho original wording of
il.
Mr.. CLAY, Thope the gentleman will
write the modification him self
Mr.. RIvEs said he would do 80; and
sat down TO write ii.
Mr.. CLAY said no would be glad 10 a.
dopt any suggestion which would enable
them to obtain fiom ths Secretary Of tho
Treasury such a plan Of a fiscal agent as
would be free from the constitutional OBJ
Isctions. ln naming a United States
Bank, he had done so in conformity with
the tenor and meaning Of the Sscretary's
report.
Mr. BUCHANAN expressed hiS anxiety
10 obtain view Of this fiscal agent, OIL
which 50 much had been said, and which
was to reconcile conflicting opinions
The political millennium, he supposed, was
at hand, and the lion was 10 lie down
with the lamb. This great regulator, let
i be called what II might, If it is to have
the power 10 discount notes, issue paper,
and buy exchange, whether located in the
District OF Columbia, or in Wall street,
crNewfork,will still be nothiag but anOih.
United States Bank in fact He and
those who have heretofore objected to