Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-15

1 =
ue'ay, ana was anxious the debate should terminate
70 morrow. lie believed this bill more destructive
.nan any measure ever brought forward. lie IN
,,n', 70 move IN his own direction; to take his
IN amply, and no more; their course should be a
"ee' ana TAR one; they could not consent TO sy,.
@ y, measures more fatal to the country than any
J'ee "tnusht forward. They intended to discus,
ucn 'uI.y, unless stopped by force
Mr. CLAY had said no,bing with ,.,,.., ., a..
motives OF 'he senators, but that whatever thcir
"'o'Nt' misnt DC, the tendency OF their course wa,
81 a"u 'ast he repeated. lie would state n
tact, mat on Saturday there were seven .n,ocL.,
made ON one bill, by that side. whou, one r,nI, -,
men, and the Senator from South Carolina I'M,
Calhoun) made one. N'''
| Me- CALHOUN. On what question wa, that,
Mr. CLAY. The Senator must resort 10 hi, me-
mory; state the fact ~
iho friends OF this measure were responsible for
", aod wished To make 1t as perfect as thew coulJ
lneetotc thsr office was a very different on, fr,n,
he opponents OF the measure who wished 10 render
u as odlous as possible.
ITO recoheeted that during the war. PICKERING
ahu some others denounced loan which went "a
carry on the war; and underworld to diSsund. cam,
taists from ombaTklng IN this loan Wb,, ii -
oIen me course OF gentlemen on the other ,iJ,
Whom he regarded rs modern Federalism TO de,
"O""oS 'hi, bank-to declare that this stock would
never DO taken up, and to sny that thew wouId nj;
tate the question oi repeal I'LL II was effected rr;.
was precisely reiterating the course and the me-,
su'es OF Old tunes by discussions Addressed TO tbs
country, TO defeat the operations of laws tb,, -,
be passed by ma jori,y of the repre,en,,,.a.
country ana he must say, that he regarded mi,
u'scuNsioh mere as merely to protract debate con-
sumo time, and defeat the Just expectation, of n
waiting people Let the Senator 90 10 ,Ln .,'
and he would find that all classes of the co,,,;y,
"ouu, oil all calanitcs, complain lastly that ,b,,,
was too little speaking either side ''''
Win regard to the intimiton of the pen,l.,,,,
from South Carolina, Mr. CalhounD he nndn,
stood him ard his course PERFECTLY Vii ~ ,eiI
hlm and his friends that, FOR himself he knew no,
how his friends would act no was ready at anv mo-
ment to erins forward and support a measure which
should give to the majority the controI or ,L -:
ness OF the Senate OF the United State, T., -,
denounce 1t as much rs ih.y pleased in advance
unmo'eu oy any OF their donurciations and threats
sanding hfm IN the support Of the interests which
ne believed the country demands, for one hc O..
ready for the adoption of a rule which womb -
the business Of the Senate under the control ola
majority of the Senate.
MIR CALHOUN. Bring on this question as quick
as you please, as you wish this session TO las, 10
December; and further, we will not withhold ono
word Inlconsequence ofthls measure. The auemnto r
the Senator (Mr Clay) was VAIN to saw th,thsw,s
not acting on the Federal side. Now, when all these
great measures, not excepting the Senators sr,,t
American system were under issue he mir Claw dbl
not think the mater of any impo lance that thew
should have the liberty Of express NJ their onin,on
ne trusted gentlemen with whom he was acting
wouu be deferred ftOm m menace in that euarieT
but woull 60 o., and not he deferred from .in,Ia
word-that they would offer every amendment tbev
thought important, and sustain Il with words that
they thought necessary. He then briefly advoca-
ted the amendment.
MIR. LINN would take all the privileges that be,
Ionged to hun as member Of the Senate. He then
alter noticing the remark of a celebrated Roman
consul referred to the transactions of the present
administration party when in nScendancy in 1872
and would track the steps OF the "immaculs,a
Wings" IN blood. He mentioned the "out-ngeous
means" that had been used the charter electon of
new YORK city, IN 1884, and pointed to their revo-
luiionnry spirit IS exhibited at that time in the -
sslatures OF Mississippi, Illinois, and Alabama.
There was nothing should deter him from per-
forming his duty, and standing up here and doing
whSt ne though; was necessary. No lofty bearing
or shaking of the name would do IT,; and he wouId
tell the Senator from Kentucky that this was a
doube-hhndcd game, at which two could plsy.
Messrs. WALKER andALLEN further Hdroe,-
ted the amendment 1t was then rejected as fol-
YEAS-Meisrs Allen, Benton, Buchanan. Cd.
houn, Clay OF Ala, Culhbert, Fulton K,n.
Linn, Mekobers, Mouton, Nicholson, Pierce
seV'St ; Smith OF Conn Sturgeon, Tappan, Walk
srl Williams, Woodbury., Wright, Young 22
NAHS-MessLs Archer, Barrow, Bates, Bayard.
Berrlen, Choate, Clay of Kentucky, Clayton, Dir,
on Evans, Henderson, Huntingdon, Kerr, Man
gum MeTIick' Miller, Morehead, Porter Pronti.s,
Preston, Rires, Simmons Smith Of Indiana, south.
ard, Tallmadge, White, Woodbridge-27
Mr. WRIGHT offered amendment to strike
out the clause authorizing the Secretary of the Tread
sury 10 subscribe, IN case II was not taken IN FIR
one'thrd OF the stock TO be subscribed by indyidu-
ais; and that the corporation should do no business
until the whole stock had been regularly hub,crib.
cd for and paid, according to the provisions of the
Mr. Wright briefly advocated the amendment,
'ho"ing the necessity that the hank might be en-.
urely dissolved from connection with the Govern
menL
MIR CLAY, OF Kentucky opposed the amend
ment IN aspircd and able speech, showing that con.
tinEencles might arise IN which the whole stock moi
beng taken up, by individuals, it might be neces-
sary Tor the Secretary of the Treasury TO exercise
thb contingent power which he did not believe how
ever would be called into exercise and that il was
intended only rs temporary invcstment-that the
Secretary was expressly required dispose Of said
stock when par value could be obtained. He also
spoke Of the beneficial results To the trade of Tho
country, which would flow from n contracted trcula-
ton of the Bank (before the whole amount Of its stock
was subscrbsd.) thus the whole amount Of specie in
purchase OF ITS stock not being entirely shut up and
excluded from circulation, as would otherwise bs
perhaps for year.
lie glanced at the opinions that had been oI-
pressed 10y some Senators, Of the constitutional right
OF Congress TO repeal this law at any moment and
that, Il being created for a specified Term
could not, without violation Of sacred contract en-.
tered into by Government with the stockholders re-
psal It's charter.
Mr. BUCHANAN replied. warmly cortsndrng
thaI II was IN the constitutional power of Congress
to repeal the Bank Chatter at any tia o.
MIR CLAY reJnin,d, and
MIR BUCHANAN replied in an interesting de-
bate, and after few remarks 10y MIR WRIGHT,
u
fllOwiug voe:-nyes %, noes 2s.
MIR CLAY, OF AIabimi, offered the following
amendments:
But until the sale Of the stock so subscribed by
the Secretary Of the Treasury shall be made hy
hun, a. aforesaid, the President shall appoint the
number Of directors to which tho said
stock would he entitled, Il held 10y individuals
This after brief debate. IN which il was advoca-
ted by Mcssrs CLAY of AiaJum1, AID WAL
kER, and opposed by Messfs CLAY Of Ken
lucky, and HUNTINGTON, was r,jeclcd-Y,as
II, nays27.
Mr. WALKER offered nm amen lmenl, providing
FOR the annual election Of four directors by Con.
gress; which he, however, subsequently withdrew
Tor the present, ard which, nt his request was or
dered TO be printed.
MIR CLAY Of Kentucky, offered slight amend
ment, making II obligatory on the Secretary Of the
Treasury, to dispose Of the stock which he may
have subs ,rhod Tor under the contingency in tho
bill, he can obtain not less than its par
value; which wns adopted without debate.
Mr. WIGHT offered two amendments, pre-
vIou,ly noticed and printed, being restrictions on
the Bank, which adopted without debate.
The Senate adjourned at ono quarter past three
o'clock.
=s-s-r------
DIED,
In this city, on Wednesday, the lith instant, Mrs
Ann PUECELL. Her friends are invited to attend
her funeral, from Mrs. Elotrs Boarding house, on
III street, Shockoe Hill, this morning. al ueIock