Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-03
SEN.N y.
Tutsday, Juiy q, loll.

intended 10 offer TO the first revenue hl that came ny
from the House. II was III substance the bill winch
Inc had introduced the last Session To lax small bank
notes We raking aud scrap'ng, fare ana ai''
for something tax, and bill has been introduced III
the other House. winch proposes 10 'ax every thing
except poison and physlc, and few gewgaws. MS
extra session which was called for the purpose 81 ciey
me the country has already got into the m'dS, Of
tax bill which raises the duty on every imported at''
Gle 10 20 per cent, many of which were articles mat
| b,b;, had rendered nccessarcs Of l,te. While they
were, Tins SO, king articles which 10 impose taxes
the amendment hc proposeG would cnahit .s III u e"e
an article heretofore oyerlonked-snla!i BANK notes
His motion was that it might be printed end laid on
| the table r,,, .r.rr-
The bill TO incorporate the subscrhefs 10 le fisca
Bank Of the U. S being taken up,
| Mr MOREHEAD addressed the Senate al length
on the question OF the constitutions power "a oo"Sess
! TO charter Il National Bank.
| Mr. CALHOUN said that the Senator had SAID much
and m,d MANY observations 10 which he would be glad
to have ali opportunity 10 reply but ife tune Tor lhe
s.,cton uacllon" which Senators on the other side
had ca lopdly called for, had arrived and faction was
moi had on the measure before them this day, it should
he The farl, of Senators that side Of the chamber
| and no, OF the opponents OF the Bank.
Amer some remarks by MIR. ALLEN during which
ne quoted the vote Of Gen. Harrison 1870 in favor OF
| the mower of Congress TO repeal Bank charter,
MIR BENTON, after some remarks, submitted mo-
,;on for Tie indefinite pos,ponement Of the whole sub
;ect uni, the election of Congress under the new
sus which, after remarks by Mrssrs. WOODBURY.
and MOREHEAD, was withdrawn for the present
| MIR SIMMONS then moved reconsideration Of the
vote which the motion to permit the Bank 10 issue
| notes OF denomination al five dollars rejected
which was agreed to-aycs u noes %
The amendment then considered, and aiici
some remarks by Mr. BENTON in opposition and Mr.
SMITH in favor Off, it agreed toayes27, noes IS
| MIR. CLAY, Of Kentucky, said that The detect o.
/ lrh ho
day. drprving him Of the satisfaction Of hearing oher
Senators, and preventing him frofa SO regulating or
modulatinr his voice 10 he favorabiy heard ny 'he
he had occasion fer all the kind Indulgence OF 'le
Senate i'm the few observations winch ne now meant 70
address 10 IT, During the progress of this bill Mr
President, il has been clearly manifested that there Is
decided majority If the Senate III favor Of the IS.
,,lI,sbncnt of National Bank. For himself he be-
eyed ;:a it stood out prominently as the hrst among
| those measures of relief which he ieryenily hoped
would he sent out by Congss, from lis present session
IN re.essblish the business and the prosperity 81 tie
4 country O,!cr measures would undoubtedly extend
much relief but It would a. limited and not general
whilst every section, every interest every person, rich
and poor, would bc be rc!ued by the blessing al Il
sound currency. If pa.s all other contemplated
measures and fail 10 pass tbs, shall fall short Of The
lust expectations Of suffering people. But the pa
sa ue of the only, without any other measure, would
! have fully justified the convocaton Of Congress.
| But notwithstanding The urgent necessity OF Ma
tional Bank, il well known, all sides OF tie 81.
nate that the bill IL al present stands, IN respect
to the branching power If tie Bark cannot pass this
body but will tt rejected iy majority of 10 10 -
# all the members be present. Under Ia, 50 painful
| circumstances, what ought 10 BE- done: Shall wc re-.
turn homc without fulfilling the hopes al those VII"
sent us here, respect 10 National Bank: We have
thought il due 10 the county, and 10 our own ohfga
tons TO leave honorable means unemployed Ia hr'ng
about Il concurrence OF opinion, II possible, among
those members Of the Senate who agree as to ihr neccs
si,y If National Bank. We have accordingly cohrr'
red and consulted together, ard inicrchan1ed cpnins
and views in that spl.!i Of cancellation and concession
which should ever animate these who are uEii'd u
opinion as to the object TO be accomplished but art
unfortunately divided on subordinate points Nchavt
not looked beyord the Senate lie C'lr. @ d"es ~"
know does not wish, and has not sought to know lie
opnion Of the chief of ordinate branch Of the Go
vernment, respect 10 tie proposition which le We
abou, to submit. Not that he vas wanting IN hg. r."
spect personal and Official, for The exalted r"TS"n Il
whom he alluded but because vas IN his tair =.
Judgment against the spirit and genius 81 Tree ins't
,ions, that The deliberations OF the Legislative b!anci
of the Government, during the progress Of 4 gTca
measure under It's consideration, should be affected d
regulated by opinions real imaginary, .! the ENc
sutive head
| The resu, Of the consultation 10 which he has re
| ferred, has been amendment Of the l6ih innaa
mental rule, which he about to propose. 1ha
amendment proposes modification OF the branching
power of the bank as reported hy the committee. lie
adheres land he believes all OF the nineteen poti
| cal friends who voted with hm in rejecting the
amendments proposed by the Senator ircin Virginia
Mr.. Rivcs adhere) To the mistaken conviction tina
the best form 10 confer that power the Bahk IS thai
which was proposed by the committee Their prefer
ence remains entirely unchanged. But seeing that Il
| was mpractlcnbe 10 carry through the Senate BIZ
with that modification of the power, they and their
differing brethren have anxously sought substitute
which might prove satisfactory 10 all. This he hoped
4 ~ FINN IN no would
"And The said directors also establish
tent offices Of discount, aud d'oc IN any Territory OF Ic
the States, aud state with the assent ri such
State and when established, the sad office Or Offices shall mol
be removed Withdrawn by the SAID directors prior =" c *
pration of tie without the pcynus asscn, of Congress
PrOrdd rcspcc; any State which Shall no at tie ,-i
by resolution legislative proceeding unconon
ally dissent the establishment al such office Office
within il, the said shall pre-
sumed provided, t,a; when shall
necessary and proper for carrying ia execution any q" M pow
granted III The Constitution 10 establish az oIre nr ocrs
Of the States whatever and III" establishment whereof s!l
directed by law shall be The dat, 81 The SAID directors 10
ablisl such Office or offices accnrdin:ls'
| Two opposite opinions prevail as TO the brnnchip.
power. According to one, The previous assent ut Tn
States is necessary according 10 the other, II IS not
The difficulty has been to reconcile these coni'cln!
opinions That is the object Of this amendment We
who think the power exists III Congress, canno; cen
sent to surrender renource it. We can conscn, t
no bill which might he construed TO imply such surrcn
der Pronunciation. Bat think that, in creating
this corporation, it will possess no more nor less powr
than IS Conferred upon IL ny congress IN tue ch' "
which brings il into existence. Ii is not, IN view
indispensable that it should possess the bfanch'n.
power unrestricted We satisfied tia; tina, unre
s,rcted power should remain, where respectful,
think tie Constitution has placed it, in C"n.css, an
that Congress should forbcar to invest the Ba vii
the right 10 exercise IT.
4 To the opposite OPINION held b. friends Vsr
disposed far conccdc 10 admit that the Han nal
not be allowed in the first instance, 10 csablsrn Of
fee of discount and deposi,e III any State without TIN
previous assent Of lis Legislature But, then, nl
but r'.ht and reasonable require that the STATE
should signify lis pleasure in specified time, an
in practicable mode. Accordingly, the amend
men;, which recognises the right Of the State to pre-
vent he introduction Of n branch within II, asks tia
this r should BE- exercised At Tune during tn
perod ~ III. first Of the Legislature after ih
passugo ,h:s act; and requires that is dissent, il
be- opp In Tie introduction Of The branch, should b
snnou.c,d III uncquivaca and unconditional terms
i is unjust or improper, when, concedng to tn
States such power, the amendment requires that
should be exercised within reasonable time: With
out such limitation, the question Of the establishment
a.. Ii,