New-York tribune., 1841-08-21

every sound Wing, after Mr. Sergeant explains us PROVISIONS
Tb;. bill will pass the Senate and be approved BY the
President L, will be a useful AID popular Bank
Mr. CLAY surpassed himself in his reply to Mr. RivEs
this afternoon l,wa. one OF his nishtiest efforts w
Washington Correspondence Of Ncw-YOrk Tribune.
TAukso.Y, Augxs, 10, ISL.
The suspense is over-the anxsuyeNPecied elaboration
v the Senate Of the Bank bill and Presidents Veto has 10
av taken place in the presence OF dense crowd IN the Sc
nate who have listened with the silence tor PERIOD
OF FIVE hours to this subject.
The ill was taken up - o'clock to-day the question
being shall this bill pass =
Mr. CLAY took the floor and entered at length into tie
subject being compelled by OF duty IS ne said
although agans; his feelings He advcred to the mclar;
choy providence by which JONI TYLER called to the
Presidential Chair A, he had in his own MIND
AZ first doubted the coarse that would be pursued by him in
the performance of his Presidential duty with regard to this
subect-which had ever been dear him. Mr. "a Bank
Of the United States But when in his Inaugural Address
10 the People of the United States he ayowed that his
in this respect would be guided by the glorious lessons
and example Of the Fathers of the Republic. he Mr. c.
was satisfied The address Whg-entirey Wing. Mr.
CLAW referred 20 the OF this Extra Session their pro-
r1c,ed deliberations and length passage Of this Bank
49,
a veto but had now come.
He criticised at length, the Message 1t treated IN too
harsh manner and made poor for the 10th tunda-
mental rule with regard the location OF the branches IN
the States which the fruit of much compromise and con-
nsn The President had proceeded entirely the ground
in relation this bill expressed IN the Message that
there was but one for hm-o assent dissent He
pointed out two other Ii the President had Consti
tona scruplcs as TO signing the bill loudly called for by
the people ke might have withheld action for ten days
and it would them according the Constitution have be-
come law He conceived that there nothing dishonor
able in this The other according TO Mr. lYLERS
example when Senator. if he could not comply with the
instruction. of the people of the Union, his constituents,
twohris or threeourhs of whom desired bank he could
have resigned his commission Mr. CLAY did not that
he wished for this. far from it, bat ne showing the three
courses that might have taken instead Of the only
the President had assumed The Veto had been incrposed
agan, tho wishes OF large majority of the people OF both
House, of Congress- against the unanimous opinions OF
Cabinet against the opinions Of many fathers OF the RePus-
lie of Washington and Jefferson and Madison, and against
the affirmative decisions OF six Congresses to the Const-
nationality bank with decisions against
But it was vetoed and the question what
because they had and divide the party and disa
point the hopes of relief INDUCED in by the country FROM II
No they should pass other measures and their
constituents knowing that they had done all that could
do under the circumstances. There were now attempts
made 10 agree on some other plan that would the vows
Of a the Departments of the Government He told his
friends who were exertns themselves in this to God
speed them He woui not hinder them he could not tell
tbavr ,pht
that would depend on its form and principles if they admit
led he would aid them his establish such an agency
NJ RlyEs answered sereascn the Senator from Kentucky
and went full clear and focibe defence OF the Pres-
dent who had acted conformity with his known and open
" arowed and always consistent principles, from doubt OF
s Constituonay As to letting the bill lie over ten days
this course Of and from thu
ormance ofduy, consistent with the proHptness and
rectude of noble Virginia spirit The President had not
been elected by Congress- by the Legislature of Virginia
when not being able comply With their Instructions, he
took the patriotic and manly OF resIsning his seat
in the Senate of the United Stucs but was elected by the
people and the question of Bank ct the United S'tes has
not been decided by the people but that issue has been
hruuk from He believed that the SubIreasury, the pet
ouL system the old fashioned United States Bank and
the new Fiscal" Bank having failed some plan of regula
ting the currency should be devednot party
but one which the country might unite 1t should be
ed the people and their will and the experience OF Prac
teal men should be brought aid They should pass the
other measure. of the session and their consttu
ent They could arrange firm and permanent financial
system at the close the session. and period when
diversity of opinion than before existed the subject
without further deliberaon and consultation OF the people
Mr. CLAY REPLIED expressing his surprise at this latter
v., of the Senator and his desire that they should give
the people before they adjourned what they were crying for
above every thing else financial system for their relief
He replied with much excitement ether arguments OF Mr.
Rlygs and at times with profound coquencc. His remarks
elected rejoinder from Mr. RlvEs, in his accustomed ab
ty and eoquencc conversation arose between Messr'
ARCHER and CLAY which Of much interest, and of
which as of preceding an outline here gwen
The question was then taken according TO the Constu-
on on the passage the bill it lost by Yeas 25, Nays
24-tw.-third. qotng therefor
In the morning hour resolution OF Mr. WRIGHT instruct
ing an inquiry the expedency OF the appointment by the
President and Senate Of commissioned officers in the Rere
nue. Gutter service, was adopted
The resolution OF Mr.. WOODBURY. instructing the Com
itre on the District Columbia inquire into the nature
Of disturbances in the galleries of the Senate at the passage
Of the Bank Bill and the reading Of the Veto Message and