Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-09-13

establishment, but the mutual jealousy of mem.
hers from different portions of the South and
West had always hitherto stood in It's way, as he
remembered well to have heard it said in Con-
gress by the late Vice President johnson. Messrs
Reynolds of Illinois, Triplett and Pope of Ken
lucky, aud King OF Georgia, supported the claims
of their respective districts to the armory in
question, aud Mr.. Profit, who seems to be in great
uibulaon about his own course, thought it Judi
cous to applaud Mr. Gushing us generous friend
of the West--probably by way of acquiring the
favor Of some one who might possibly help him
to escape the annihiation which is evidently i'm.
pending over him.
! The House receded from its non concurrence
by a vote of 1870 to 4l-alier which, an amend
nent offered by Mr.. Summers of Virginia, which
changes the appropriation from S75600 for the
selection and purchase OF site, to $4,000 for the
selection only, was adopted, and will be sent to
the Senate.
The House then refused to concur in the APP
preparation OF $4,000 for military surveys-and
on motion of Mr., Fillmore n Committee was APP
pointed to confer with n committee of the other
branch upon the subject-uitcr which the House
adjourned.
WEDNESDAY, Sept |,
In the Senate Mr.. Borrien, from the committee
on Finance, who bad reported the bill from the
House OF Representatives to establish n Fiscal
Corporation, went at large into general expose
OF its contents, and argument in defence Of its
conslilutonality and eXpedlency, showing its con-
lorniy both to the positions laid down by the
President, especially by implication in his veto
message, aud also with the amendments proposed
by MIR. Rves to the bill formerly proposed 10y MIR.
Clay
Mr. Clay repeated the statement he hal made
at The outset, that although fns bill not such
as he thought the necessities of the country re-
qured-it fell short, far short of what he could
lave wished 10 sec-yet it would accomplish to q
: considerable extent Two most important objecs
the ore was the regulation Of the exchanges OF
the country, the other The insuring sound uni
form currency throughout all parts of the coun-
try. 1t being thus a measure which was likely to
accomplish much good, he should not refuse TO
vote for it merely because it did not accomplish
all the good he had hoped and desired. lie went
for doing as much good as he could, in every
sphere of life in which it was his lot to move
and,o that principle, the bill SD Uud have his vote.
Mr.. Benton offered to amend the bill by strik-
ing out the word "Slates' among the classes of
stockholders described in the 10Th section of the
bill, and supported his motion by speech
MIR. Berrlcn briefly replied; when the amend
ment was rejected: yeas lS, nays %.
MIR. Benton then moved to strike from the same
clause Of the bill the word corporations y and
supported his motion also by speech of some
length. Yeas 81, nays &c.
Mr.. Rives said he wished to say few words
upon the former amendment offered by him. lie
thought that there was difference in the bill aud
the amendment. 1t was his intention that the
Agents should perform all the purposes OF bank
, ing except discounting. The bill did not prevent
bill OF exchange from being discounted, and the
worst abuses OF the banking system might be in
dulged n-thu "kite flying" and the trace horse
{ system.
Mr.. Rives sail he could not vote for the bill if
it had the power to deal in Bills of Exchange
which might be discounted, or if it had the pow
or TO establish Agencies without the assent of the
States.-Mr. r. said he was not disposed to delay
the bill.
A. Jtl,o A Mr.
, to the former bill from which it was clear that
there was no limitation to Exchanges MS propos"
ed. If the Senator intended n limitation of all
discounting indiscrmnately he spoke of all the
purposes of banking except discounling generally.
f Mr.. Rives contended tina. he meant an inhib
ton upon all sorts Of discounling, and believed
that the President intended this, when he spoke
D Of dealing IN Bills Of Exchange.
!, The question being on ordering the Bill 10 a
Y third reading,
Mr. Benton made general speech against the
bill, denying that it would he possible to prevent
J, the bank from discounting kite and racehorse bills
y OF exchange. He made statement of numerous
details to show that bank could practice more
= nsury, and corruption, and extorlion, by dealing
in exchange than hy dscounting notes of hand.
: lie concluded by further moving to amend the
= bill after the word corporations, by inserting the
Il loIowing "The corporalors in said corporations
II being citizens of the United States.'
h The amendment, after brief explanation, was
/, rejected: yeas -, nays 20.
. eMr. Walker moved amendment, requiring
5 that the bills in which tho bank should deal should
/, be drawn at short dates. and on goods already
tually shipped.
h 1t was ucgativcd by yeas 81, nays 81.
= Mr.. Allen moved an amendment TO make the d.
Y reciors, in case Of suspension, personally liable
for the debts of The bank.
II This ncgaved yeas 90 nays %.
20 In the House, MIR. Casey Of Illinois, appeared
&C aud took his seat.
Mr. Butler of Ky. called for the consideration
of tie resolution oered in June last, in relation
Il TO the Imprisonment of Mcleod. Mr.. Butler
took occasion make political speech in refer
/. ence 70 the resolution generally, and particularly
v, in reference to the conduct OF Mr.. Van Buren,,
which he was ready to approve in reference TO our
d Foreign relations.
a Mr.. b. having spoken his hour the subject again
h passed from the consideration OF the House with
1t out being disposed Of
h Post Office Bill,
). The amendment OF the Senate adopted yGster-
day in relation to the Auditors Department of
% HE Post Office, concurred in, on motion of
y Mr.. Briggs of Mass.
l. The bill is therefore ready for the President.
h, After some other unmporant business, the
House adjourned early.
to THURSDAY, Sept 9.
IT, In Senate, the bill TO establish Fiscal Corpora
e ton coming up rs the unfinished BUSINESS of
H. yesterday, and the question being on ordering the
IT, bill to third reading
e. Mr. Archer went NJ large into an argumentative
&c speech in defence Of the constitulionaty Of the
J. bill MIR. Buchanan replied, accusing Mr.. A. Of
arguing like a consolidalonist and of having for
ID leled his claim to be considered n State rights
y man. Mr.. b. having expressed doubt whether
10 the bill would be signed gentlemen might fly Il
D. kite Mt the white house, bul-
IT Here Mr.. Archer interposcd, and remarked that
Sc the Senator probably knew much more about what
IS, would he done at the white house than he did {:
the Senator'S party, he believed knew more of the
l. interior Of that house than their opponents
= Mr.. buchanan was sorry the gentlemen from
l.Nirglnia was InisInken The lucI WINS not SO. rs