Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-03

these bills he received specie and when he has gold
and silver enought TO I'll kcc, lac ships il of TO
meet the drafts, and thus the State is literally evs
cerated. IL was the same with regard TO this coun
try and England. MIR b. went on to give a history
OF the proceedings OF the late Bank Of the United
Sntos IN relation TO branch at Charleston. which |
had been obliged to sacrifice the interests OF tho sub
scribcrs there TO peremptory order of the directors
of the parent institution.
MIR PRESTON made q short reoinder.
MIR HENDERSON went into "a long ex PLANTATION
of his amendment. He thought il not a question of
political economy, but one of expcdiency He
would prefer not to incorporate even resident
alien, nor any man that we should be obliged TO
drive from our shores IN time OF war.
MIR MANGUM spoke for some time He was
in favor Of the amendment OF MIR Henderson with
some slight modification. He regarded the views
taken by Me Preston as in accordance with sound
principles OF political economy; our whole history
full of the advantages that we had derived from
the introduction OF foreign capital but he did not
admit that in this cise foreign capital would be re-
quired. We had ample capital at home seeking in
vcstmGnt, and when such advantages were held out
he was for giving the profits to the American capt.
talist. We had ever been represented as seeking TO
draw capital from foreign countries, that we might
treat 1t naa fds he would not put us in the aui-
iude of seeking foreign capital. lie should, there
fore, move to amend the amendment by striking out
nays.
Mir HENDERSON was understood to say tina,
he felt bound to accept the amendment as a modih-
cation; and the call for the yeas and nays with
drawn.
Mr. WALKER spoke with much warmth, and
somewhat at large; the principles of the bill in
general, and insisted that such bank would be At.
tended with the worst possible results the country
lie wen, into the history of the debts of the States,
and asked, what we had got for two hundred
millions OF debt, not eighth Of which had been
received in specie But suppose it had been,
where was it 1t might well, every dollar Of it,
have been thrown into the sea-
| MIR SMITH, Of Indiana, spoke for some time in
reply to various remarks that had fallen Sena
tors of the other side. They had now become so
exclusively American that they would neither per-
nit aliens to hold stock nor vote by proxy. But
| the same gentlemen say we have no right TO pro.
| tcct American industry. The evils, they maintain
grow out of the introduction of foreign goods but
| the moment (said MIR 5 make the attempt TO
resist their Importation they oppose it, and raise the
cry of "hish tariff" They object to the duties
though they say the goods the cause of all the
evil. When the tariff question came up, he hoped
to hear expressed the same American feelings that
had been heard there to-day.
Messrs. ALLEN, HUNTINGTON and WOOD.
BURY also spoke on the amendment.
MIR MOREtlEAD here moved TO reinstate the o.
risinal amendment OF MIR Henderson to include "re-
siden' Aliens in the privilege, and this he asked
the yeas and nays.
Mr. CLAY said he considered the whole subject
as a sacrifice TO demasosuism and prejudice.
Mr. BERRlEN gave the reasons that would actu-
ate him IN his vote.
The question was here taken, and resulted as fol-
TEAS-Messrs. Archer, Barrow. Bates, b ,yard.
Choa;e, Clay, OF Ky, Clayton, Dixon, Evans.
Huntington, Kerr, Merrick, Miller, Morehead,
Phelps, Porter, Prentiss, Preston, Rives, Simmons,
smith, OF Indiana, Fallmadge, White, Woodbridge,
NAYS-Messrs Allen, Benton, Barren, Bucha-
nan, Calhoun, Clay, OF Ala, Cuthbert, Fulton, Ora
ham, Henderson, King, Linn, Mangum, Mouton,
Nicholson, Pierce, Sewer, Smith, Of Conn, Stur
geon, Tappan, Walker, Williams, Woodbury.,
Wright, Noung-25.
MIR BENTON said il the corporations were per-
miited 10 take the stock they would take the whole
even If the capital should be fifty millions.
Mr. ALLEN moved to strike out corporations
and companies.
Mr. BUCHANAN suggested to his friend MIR
Aenl not TO press his motion, but to wait until the
question was taken on the amendment OF Mr. Hen
derson, which he meant to sustain on the old and
vulgar principle, half loaf was better than no
bread"
The question was then taken on the amendment
OF Mr. Henderson, and resulted follows:
YEAS Messrs. Allen, Archer Bayard, Benton,
BsrLen, Buchanan, Calhoun, Clay, Of Ala, Clay,
of Kentucky, Cuthbert, Fulton, Graham, Hender.
son, King, Linn, Mangum, Morehead, Mouton,
Nicholson, Pierce, Preniss, Rves, Sewer, Simmons
Smih OF Connecticut, Sturgeon, Tappsn, Walker,
| w l.I'HI'I " OOHOi4I5SI "OOuoIIyI "T-ut, L OuuS
-33.
NAYS-Messrs. Barrow, Bstos, Choate, Clay.
ton, Dixon, Evans, Huntington, Kerr, merrick,
Miller, Phelps, Porter, Preston, Smith OF Indiana,
Tallmadge, White-I6.
MIR HENDERSON then moved further to amend
the bill to give the privilege to one or more of
the stockholders to examine and inspect all private
and individual accounts, dealings, and acconlmoda.
tons at any OF the Offices OF discount and deposite
On this motion long and very animated debate
arose, in which hesSrs. HENDERSON, CAL.
HOUN, WALKER, CLAY, BENTON, MER-
RICK, PRESTON, KERR, and KING participa-
ted.
The question was taken on this amendment, and
resulted as follows:
TEAS-Messes Allen, Benton. Buchanan Cal
honn, Clay OF Ala, Cuthbert, Fulton, Henderson
King, Linn, McRoberts, MOuton, Nicholson Pierce,
Porter, Sewer. Smith OF Conn, Walker Williams,
Woodbury., Wright, Young-22.
NAYS-Messrs Archer, Barrow, Bates, Bayard |
BerGen, Choate, Clay Of Kentucky, Clayton, Dix
on, Evans, Graham, Huntington. Kerr, Mangum,
Merick, Miller, horehead, Prentiss, Preston,
RIyes Simmons, Smith Of lid, Southland, Tall.
madge, White, WoodOridge-2o.
1t WAS now late. and Mr. RlVES having in,ima.
ted his desire to offer amendments TO the bill
he moved that the Senate adjourn; which motion
prevailing,
The Senate then adjourned.