Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-08-10

the Till, he hoped that his friend from North
Csro ina would allow him to say few words
Mr. Stany eonsenIing-
Mir Johnson proceeded, by saying that his prin &.
cipal reason FOE desiring TO speak was occasioned
from the fact that nc had been the Currency Com.
mittee and had consented that IL should renort the
bill which It did, without committing himself upon
the details in the House. Although that bill had
been reported, and was different from this he would
vote foo the bill now under consideration. Iii. ten-
sons for dong so, he would condensc as briefly as
possible.
lilo believed thu, Congress had power to estab
sh National Bank, a Fiscal Agent as YOU
nay please to call it. he considered the power, on
the part OF Congrss,to bo n closed question When
he could believe that the Congress which FIRST pass
ed hi'l-thst Washington, who first sisned bill
that jefferson, who signed q billt establish branch
Of the first bank that the Congress that passed the
second bank chsrtcr-that Madison, who signed the
charter-that the Supreme Court, that has decided
upon the question, and the concurrent acuuiesceuce
of the People olthe United States for forty years,
were all ignorant OF the Constitution and had been
willing to violate t--when he could believe this, he
would doubt the power OF Congress TO establish a
Bank, but not TIL then.
The question Of power beng settled in this rapid
and summary manner, he had but word to say, and
lime would allow him to say but word us to the ox.
pediency of the measure. He thought the measure
OF establishing bank necessary. A bank could
not make business, currency, exchanges, and the
custody Of tho public money worse than they are
~
experience Of the past and the wisdom OF the present
point TO an institution of this kind as equally i'm
portnnt to the operations OF the Government and
the business transactions of the People. Public ne.
ce'sy and public interest all require ths passas e
of some measure of this kind. Had he the power
10 frame bill he would make II different in many
particulars from the present. lie would prefer a
bank with branches of circulation, with power to
deal IN exchanges, and believed that such an nstitu
ton would answer the purposes Of the Government,
M nd sar. ,rN
equallze exchanges. he had no time to discuss the
subject, aud could but now say that he would vote
for tie present bill because il seemed to be most
agreeable 10 majority, and he could net hope TO
effect HIS wishes IN the details Q: such measure.
Some measure was necessary. The public inter-
est united with the pueic voice in loud demand for
IT'S passage. He woud cheerfuy yield 10 the re-
quremcnu Of both, and sustain the measure. HaV-
Ing said this much, he could but eErross the hope
that the measure would pass this House, and Il
lily become the Jaw He had now two miuu.cs
.ch Of ,ae i've, Ivy the Shrewsbury clock, and he
would let some one else appropriate them.
The hour Of II having arrived the Committee in
pursuance OF the order OF the House OF Wednesday
last, proceeded, without further debate TO vote
oil amendments 'P=ndrng or that might I've otfsrcd."
The business IA Committee OF the Whole
the most orderly and bes, conducted OF any have
seen, both before and alter the debate closed For
" amendments, maleua, and Imma,erial, were pro-
posed, and without exception every one OF Them
was voted down. The motion TO strike out Nh
Gays compromise proposition, the only one
which excited much interest, was voted down, los
TO Is.
The other amendments were rejected as fast as
they were presented, and they were offered as the
BIZ. was read by sections.
Before three O'Clock the Bill was read through
and reported TO the House. The Previous QusS-
ton put and seconded, and THE MAIN
QUESTION, the test vote sustained, ONE HUN
DRIED and TW ENTY-NINE to NINETY-SEV-
EN-! THE vote was given yestrrday.l
The Bill being engrossed by having It's precedence
IN the Senate, was then hnSl p,ssed, l2S to "
The title was preserved aud the Bill placed this
evening IN the hands OF the Committee Of Enrolled
Bills. Tomorrow it will be placed in the hands OF
The President Of the Unt,d States. Upon the final
vote SIX friends OF the Bill were absent and two Of
It's Upponents.- Cor. Bait. finer.