Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-05
or THE UNITED STATES
THURSDAY, July /, 1871.
IN SENATE

made in n former communication.
The following memorials and petitions were pre-
scented and laid en- the table:
BY Mr. TALLMADGE: From citizens Of the
city of New York, OF Painted Post, New York, and
OF Southport, Wisconsin Territory, for a general
bankrupt law.
By MIR WALKER: From citizens of Camden,
s. &. in favor of general bankrupt law.
by MIR KERR: Asking to withdraw the papers
OF Stockton X Stokes from the flies Of the Senate.
MIR PRESTON submitted the following resou-
ton:
RssOlred. That the President Of the United States
be requested to cause TO be communicated TO the
Senate the progress and actual condition Of the
commission under the treaty with Mexico.
MIR BENTON submitted the following:
Resolved, That the President Of the United States
be requested to communicate TO the Senate the rea-
for removing the following persons from o:hee.
and the information upon which the said reasons were
founded, TO wit: Wm. MiburEe, Surveyor General
OF Missouri and Illinois; Joshua Pitcher, Superin-
tcndent of Indian aff1rs ST. Louis; James Reifs,
Marshal OF Missouri; Henry Dodge, Governor Of
Wisconsin; Robert Lucus, Governor OF Iowa; George
w. Jones, Surveyor General Of Wisconsin and To-
Wa.
MIR b. said no had been inclined to submit the
resolution in consequence of some remarks made
yesterday by the Senator from North Carolina
(Mr Mansum) IN relation 10 obtaining the Intorma-
ton required.
Mr. MANGUM apprehended that the Senator
must have been mistaken. lie had observed IN his
remarks OF yesterday that he had no doubt It would
from the principle which 1t had laid down for its
guidance. He alluded to that contained in Mr.
Crttenden's bill. lie had not spoken in the name
of the President, but stood IN the relation of speak
ing for himself.
Mr. LINN desired to know which OF the bills the
Senator alluded to. There introduced by
the Senator from Kentucky, which obtained only
five votes IN the body.
owing to his having lived in great measure in
state of retirement. The principle generally laid
down was interference OF Office holders in elections,
political brawlers or incompetent, persons. He
would not be undcrsto I'd as having spoken from any
authority, but, from his knowledge OF the persons
composing the cabinet, he would undertake TO say
that nothing had been done which could not be JUS
tilted before the country and the People.
Mr. BENTON wished the resolution TO lie over
until tomorrow.
The Senate then proceeded to the discussion of
the resolution OF MIR Buchanan, calling for norma-
ton as to persons removed from office since 18th
March, Is4l when
Mr. PIERCE rose and addressed the Senate until
the morning hour expired.
The Senate then proceeded to the discussion OF
the bill to incorporate the subscribers to the Fiscal
Bank of the United States.
Y Mr. RlVES submitted motion to amend the bill
by striking out the 10Th fundamental article, and
inserting new article providing that offices of dis
count and deposit may be established in the sever
al States with the assent OF the Legislatures, Or in
default of such assent, that the Bank may employ
such agent or Bank may be sanctioned by the
Secretary ofthe Treasury:
The prime pol point OF difference from the bill as
reported was IN requiring the OF the States
TO the introduction OF all offices Of discount and de
poSite. The state banks he regarded as the legti-
mate republican system in the absence of q bank.
But he found that this his avorite SueeedGneum for
bank was opposed both sides of the Senate.
Even the Senator from S. c. who had been the
Commodore oil this little fleet, had desc ted his post
and become the fayorite ofIhe Independent Treasu.
ny. He regarded that Senator as occupying q very
equivocal position.
Mr. CALHOUN explained that he had never
had confidence in the virtue OF the State Banks
but only us'ed to their weakness disabling them
from doing injury.
MIR RlVES congratulated himself on having dis
covered the true position Of the Senator. The or
rors OF the Philadelphia Bank OF the United States
lac regarded the cause OF the suspension OF spe
Gle payments which had taken place within the last
three years.-He expressed his ardent desire 10 see
some system which would prove a shelter TO the
people against mere politicians, which could not
be blown down by breath. He believed the star
OF peace TO be in the ascendant here.
MIR Rives Congratulated the country on the ian
guaee of the report Of the Secretary of the Treasury
well on the general features Of his plan-par-
ticuarly that which located the Bank in the Dis
trct OF Columbia, and that which required the assent
OF the States before branch be established 10
any Snte.-There we've those who believed that
Congress had no power to establish Banks within
the District OF Columbia, only for local purposes.
But he regarded this objection too weak to be
sustained. He then reviewed the course which had
been taken by distinguished men TO The power of
the government TO establish branches of a Bank
within the States, without their consent.
MIR Rives then reviewed the course taken by Mr.
Calhoun in which he favored the establishment OF a
Bank IN the District OF Columbia, and quoted the
resolution offered by MIR Calhoun expressive of the
opinion Of Congress ofthe expedency OF such bank.
The idea of soating the Bank within the District
without branches the cause Of the unpopularity
OF the proposition at that time. The constitution
atty Uf the plan was admitted 10y all the leaders of
the State Rights or strict cOns.ruc,OnIst party.
Mr. Rves then quoted tie opinion of Gen. Jack
son in the Bank Veto Message, IN which the grand
Lama OF he unti Bank party asserted the uncOn-
tro.Ied and uncomfortable power Of Congress 10 es-
ttbsh Bank in the District. Mr. Van Buren, also
admitted this power. The present administration
therefore had recommended plan which could not
be GssAiled on constitutional grounds lie then APP
pealed to his Wing friends 10 concede to their
brethren on this point, ond not r party objects 10
set foot within the disputed territory, but TO place
the institution on national grounds.
lie then proceeded to discuss the constitutional
power Of Congress IN reference to the establishment
of branches within the states. The power OF To-
eating Bank within the District Of Columbia, was
Iniisputably IN Congress, under the clause giving
1t exclusive jurisdiction within It's limits and the
States had the power, as independent, TO admit
branches Of any lnstiiu'ion-even branch of the
Bank of Engand-to be established within their
limits. He then referred to the clauses in the con-
st.tution authorizing compscts between the Govern
munt and the States cedlng Jurisdiction the part
OF the latter. lie referred 10 the requsItiOn Of the
consent Of the States TO procure the commencement
OF the Cumberland Road. In reference 10 the sur
plus revenue the authority required before
any portion Of that surplus could be deposited for
their benefit
MIR Rives recited the opinion Of Mr. Jefferson,
sustaining the Of his argument, in which that
distinguished man advocated the admission OF
branches within the States, with the assent of their
Legislatures. The opposition to a Bank Of the u
$. had been always based on the want Of power IN
Congress 10 establish such an institution within In,
States without their assent This objection was
removed by the location Of the bank within the Dl,
trict Of Columbia. lie then read extracts from ,
speech Of Mr. Il Ichanan, assuming the very groun,
on which tho Secretary Of the Treasury had base,
were to enter, and on the absiihehcc 6fIEGf 2g,yl
in this respect depended the continuance Of pence
He hoped gentlemen would consider t6i, la b
the neutral ground on which neither party sloyl
he permitted 10 enter, but that they should con6p,
themselves TO the ground which was indisput1bl,
Gen. Harrison had in 1872 given his opinion ng,ip,
the exercise Of this power without the assent of I'M
States, and this or Mon was m no degree shaken ii
lis letter 20 Mr. Sherrod Williams lie then Tp,k
ed OF the election Of Mr. Tyler MS prof that Nh
people themselves we're not disposed TO look with nj
uniuCndy eye on one who was an advocate Of ia.
doctrine, as u was 40 equal chance according 10 Oh
calculation Of the bills Of mortality, whether the Ist
President would have lived or died. flo was roi5
on to remark on The probable course Of the PresI
dent, when
E1Mr CLAY called ihe gentleman 10 order. ss in
ItJducing the opinions Oi the Presdcnt on a pcud
INC subject Of discussion. ile maintained H., ..