The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-12

de bll 70 Incorporate he subscribers %
ne Fiscal Bznk Of tie United Siass.
The bill having been read fhrucga, Il
was taken up By sections; and lls 6Tsi
section having been read. and the qres-
ton being On the adoption thereof--
Mr.. Sergeant. chairman Of he commit
tee On fhe currency, who ksa reported
the bill, took the Roar in support Of the
general measure. His speech. - report
ed. viii be found in another part Of this
paper.
Mr. Mcclellan Of Pa. Mr.. Saunders Of
N. q. and Mr. Kennedy Of Il. followed
in opposition 70 the bin. and Mr. Stuart
in is favor.
Mr.. John +. Mason next obtained the
floor, when fhe committee rose, and the
house adjourned.
Tuesday. Aagssi
Many petitions were presented. BY ge-
neral consent, and appropriately referred.
The house again resolved itself into
committee Of ihe whole, and took up the
Bank bill.
Mr.. Mason spoke his hour in opposi-
hon TO the bill.
Mr. Charles Brown followed on he
same side.
Mr.. Washington Of N. G. next address
sed the committee in favor Of Inc bill.
He declined. he said, going into the ex-
Pediency or eonsilutionaliiy of the bank,
being fully satisfied as 10 both. II was
enough for him to know that a national
bank had been recommended by Hamil-
ton, approved by Washington, acted on
by jefferson in 1903 and 1905, sanction
cd by Madison, and commended by Mon
roc, and that lis constitutionaliiy had been
decided by the highest Judicial tribunals.
II was justified in 1891 and 1916 on The
ground Of necessity; and the same ground
existed now. Mr.. w. successfully con-
troyerted theassumpsion Of Mr.. Saunders
that public sentiment, especially in North
carolina, was adverse 10 a national bank.
Among other evidences he adyerted 10
the gubernatorial election Of last fall, in
which Mr.. Saunders himself was can
didale. In this election. for the frs; time.
both competitors . took the stump and
actively canyassed the whole state. The
issue made before the people was between
a Bank and the Sub Treasury: so noiori-
Gus was this, thatthe motto Of the lead
ing Democratic paper was, :. The People
against the Bank" The result was, the
defeat Of his colleague BY 5000 votes.
A corresponding expression ofpublic SEN
tiInent had also been made by the cleo
ton Of representatives in the state Legis-
lature; lO4 Wings having been returned,
and only 66 Democrats-all the Wings
being bank men. In regard to the Sena-
tors from North Carolina, they had been
required, in primary assembly, by a
vote Of l03 TO l, to pledge themselves TO
vote in favor Of bank; otherwise they
could not be chosen. The Congressional
election Of this spring gave precisely the
came expfession-eight Wings and five
Democrats being elected; the eight Wings
represent population Of $4,000, The
five Democrats population Of $4,000.
After this, could any man say that public
opinion in North Carolina was against
the bank! Mr.. w. then went on TO in
sist that the issue before the people had
been pre-eminenly on the bank question;
in support of which he stated a number OF
facts Of local nature.
Ii is our intention to give to our read
ers, next week, the speech Of Mr.. WASH
ington more fully, and also that Of Judge
Saunders to which il is reply, that jus.
tice may be done to both.
Mr.. Wood Of N. Y. and Mr.. Payne Of
Ala. addressed the committee IN oppose
ton to the bill.
Mr.. Bolts having then obtained the
floor, the committee rose, and the house
adjourned. ~ a..
~~ "Wednesday, August 4.
A resolution was adopted, by vote of
l04 to 81, TO close the debate in commit
tee of the whole on the Bank bill, on Fri
day at l2 O'Clock.
Several,communications were received
from the President.
The Bank bill was then again taken up
in committee Of the whole.
Mr.. Bolts addressed the committee dur
ing the hour allotted him, mainly on the
constitutional question, which he sustain
ed by forcible reasoning and reference to
many high authorities.
The debate was continued By Mr..
Brown Of Ten. Mr.. Weller, Mr.. M'neon,
and Mr.. Hubbard Of Va. in opposition to
the bill; and by Mr.. Profit. Mr.. Milton
Brown. Mr.. Gamble, and Mr.. Afford of
Geo. in its favor.
Thursday, August 5.
The Bank bill was again taken up in
committee of the whole, and the debate
was continued until past ten o'clock, when
the committee rose, and there being no
quorum, the house adjourned.
Friday, August 6.
The Bank bill was again taken up in
committee of the whole.