Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1841-08-26
From the Atlas
By Express from New York, exclusively for
the Atlas Office.
.GdtS0nidn.

Altnouqn no uennlLe action was nau IN elLuSr
branch Of Congress, on any subject of import
ance, on Friday, their proceedings will be read
with deep interest, nasmuch as they afford evil
dent indications of important results. The man.
ner in which the DIsTRBUTIoN BILL was dis
cussed in the Senate and the steady rejection, by
decisive aorties, ofall the various and insidi-
Gus attempts Of the Loco Foco Senators to defeat
the measure by destructive amendments, show,
almost conclusvely, that the measure will be ul-
timately passed by that body exactly as ii was
ported.
In the HOUSE, Mr. Sergeant, Chairman of the
committee on the currency, reported New Bill
in reference to the collection, keeping and dis
bursement of the Public money in its details
and restrictions the same as the Bill dsopproved
| of BY the President. The differences are as fol-
lows The name of the new institution is to be
The Fiscal Corporation of the United States"
The capital TO be $s2l 900, instead of $780,
900, O00$l4 ,00C 900 to be owned by subscr ibers
and 81 600 900 by the United States-fourteen
millions may hereafter be added to the capital of
twenty-one millions. Instead Of Branches the
Bank is TO have Agencies established wherever
the Secretary Of the Treasury may think proper
| or the mother Bank may choose to establish with
the consent of the Secretary Of the Treasury. A
State Bank may be Branch, or an Agent,-or
any number ofindiyiduas may be an Agency of
the Bank. Nothing is said of assent or dissent
nothing about discounts. The Corporation is to
have power to deal exclusively in Foreign Bills
of Exchange, or in Bills of Domes site Exchange
drawn in one State Territory and payable in
another. The word Corporation is used in the
Bill throughout, instead OF Bank.
SENATE.-ln reference to the veto power Mr.
Calhoun said" do not regard the veto power
as gentlemen upon the other side seem TO regard
it. think it safe, conservative and proper pow
er, and rejoice that the President has exercised
it as he has," Having said much of the We
to, said Mr.. Calhoun am bound to say that do
not approve the Veto Message. | do not under
stand what the President means in his Veto
Message in regard to an Exchange Bank. There
is no form of Bank to which will give my as.
sent connected with the Treasury ,-aone what
ever ] will oppose every such institution, and
deem an Exchange Bank just as bad as any other.
If the President goes in my wake will give him
a cheerful and welcome support
| The above remarks of John Crisis Calhoun,
will leave it matter Of some doubt to future
historians whether the modesty or the cons,sten-
cy Of that individual was his predominant charac-
teristic President Tyler must have been graft
| fed when he heard of the remarks of the great
! humbugger Benton, who next took occasion also
to express his opinions upon the Veto Message.
The Senate adjourned at nine o'clock, so says
the lntelligencer, after session of ELEVEN
HOURS
HOUSE OF REPRESENTA- hennedy,
| Of Maryland, from the Committee on Commerce
reported the following resolution, which vas
adopted
| ReeOlrel, That the Secretary of the Treasury
be directed and required to revise and condense
the existing laws of Congress regulating the APP
pointment number, duties and sa aries, fees and
compensations of officers of the customs, with a
view TO the diminutlon of the expenses of the
Government, an increased efficiency in the exc
cution of the revenue laws, and more strict ac-
couniablty of officers employed in this branch of
the public service ; embracing the revenue cut
ter service, and the duties and compensation all
persons employ ed therein. And the Secretary of
the Treasury is hereby required to make report
Oh The foregoing matters at the next session of
! Congress.
After some unimportant discussion upon two
resolutions relative to Mcleod by Messrs. Bovine
and Morgan OF n. Y. and others, the subject was
! laid over until Monday.
The Fertilization Bill was sometime under
consideration in the House. and, before the ad-
iournment, finally disposed of, sent to the Senate.
and referred to the Committee on Foreign Rela-
| tons
Bull 10 Incorporate the Fiscal Bank of the Uni
ted States, being the bill glnally reported to the
! House by the select committee on the currency
and referred to the Committee ofthe Whole. Mr.
Sergeant, from the Currency Committee, propos-
ed an amendment, changing nd remodelling the
charter. He offered, ifthe committee would dis
pense with the reading, to give a succinct ac-
count of the substance of the notifications pro-
posed. He should then move to rise, in order
tina: the House might order the bill TO be print
ed for the use of the House and this being done,
he should then move again TO go into Committee
Of the Whole.
| Mr. Wise wished to know what the amendment
contained before he voted for the printing. He
was willing to vote for the printing if the gentle
manfrom Pennsylvania would state the sub stance
of it
Mr. Gilmer insisted on the reading of the en-
tire amendment After that had been done, he
would be willing to listen to the gentleman.
The entire amended bill was then read, occu-
plying more than an hour. Attempts were made
to have the reading suspended and dispensed
with, at different times
Mr. Sergeant then remarked that it had been
intended to meet the prejudices of certain gentle
men in this House by avoiding the use of the
word BANK" TO which many objections had
been presented. Whenever that word still
used in the amended bill, in application to the be-
ing which it was proposed to create, it was by in
advertence, and should be struck out.
Mr.. J. w. Williams, OF Maryland, moved an
amendment to the motion, ordering all that was
identical with the former bill to be printed in
italics
The House then rejected Mr.. Wiliiams's
amendment, and passed Mr.. Sergeants motion to
print without a division.
And then, at twenty minutes after three O'Clock,
the House adjourned.
The DRoUGUT Every rreen thinU almost in