The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-07-13
9TH CONGRESS,--lst Session.
IN SENATE.

Alter some preliminary proceedings. The
special order OF the day was taken up-the bill
TO incorporate the subscribers of the Fiscal
Bank ofthe United States.
Mr.. Cboate referred 10 he changes of opn.
ion that had taken wlace in the Senate, during
the discussion of this bill. and he acknow lodged
that such change had takenplace in his mind.
He should vote for the amendment Of the Scna-
tor from Virginia, ( Mr.. Rives. lie woull
occupy but few minutes in giving his reasons
for this. Having been ore OF the committee
by which this biz was reported, he felt natural
anxiety 10 explain 10 all, TO that respected COM
mttee, and chiefly TO the honorable and pair.
otto chairman, why i was that he felt ii his
duty 10 vote now Inconsistency with the act in
which he had concurred, in reporting the
bill.
If the amendment were adopted, instead Of
arming the Bank of the United with the power
Of setting up It's branches manu- tOrti, without
the assent Of the STATES, they would leave the
States free as 10 its establishments in their
boundaries. In tho mean time they empower
ed the bank 10 do all the work OF bank, ex-
cepi discounting.
He should vote for this amendment, first, not
at all because he entertained shadow of Il
shade about constitutional doubts,-about tho
power Of Congress ts set up branches any
where. He had no more doub Of this power
than of the power 10 make post Office. or 10
establish custom house on the wharves of
Boston. He had the honor. in this opinion, TO
concur with the distinguished names of Wash
ingion, Madison, GaIaIin, Crawford, end the
whole Republican organization of former DAYS.
But the difficulty was this it might be that he
was so circumstanced that he could not do this.
if he would, from the want of the concurrence
of others, whose aid was Indispensable.
He should vote for the amendment then, and
earnestly enlrcat the attention of lis respected
friends to his reasons for so doing And first.
he should vote for il. because he thought he
SAINT here 10 give The people of his country a
Bank Of the United States, as soon as be could {
DO ii, and because he believed by adoptin his
amendment, they would send this bill out Of
Congress soon.
They need this Bank now, to-day and he
thought they would meet line great demand OF
an expcctant people sooner by adopting this
amendment. lie believed that they could make
this bill into law this session, and that it would
90 into operation on the first of Janu1ry, or
certainly the first of April next. There was
practical point Of the matter. This Bank, if
the amendment was adopted. was 10 go out
armed with power 10 do every thing Bank
Could do. except discouning.
Look M the alternative. He knew the deli
cafe ground he was standing on, but he had no
more doubt than he had of his existance that,
if they adhered to the bill as reported from the
they Mould pass no Bank charter
this session.
Mr. Clay wished to be allowed 10 make an
inquiry. The Senator had expressed with
great confidence, that if they passed such
bill, they would have no Bank this session.
He was disposed to give great respect 10 The
pentleman's opinions, but he would oblige him
BY entering into the details by which he arr.
we'd at this conclusion.
Mr.. Coate said he could not give the Sena-
tor his reasons within the rules of parliamenta.
" debate. He believed. however beyond this
hat they could not send out of CongIess at this
session. the bill that came with the sanction Of
he Senator.
In the next place, and following in this be.
lalf the example of the distinguished and neble
Senator from South carolina (Mr. Preston) ne
lad the honor TO give the reasons for voting ,
mr. this amendment. While lie believed it
would effect his object and give this relief as
asst as he could il would at the same time, do
, great deal to preserve the harmony and union
IF the ascendant political party.
In the next place, did it not appear. in an OK.
ended view, that it was thing infinitely desi-
rabe 10 make such charter of the bauk that
while they could afford to the country all the
good that such measure might do. at the same
lime that would conciliate the scruples and
opposition Of his eminent friends. For The peo- {
pies sake lei the legal and scholastic matter
90, and yield 10 spirit of compromise.
Dealing with it as practical question a'to'