Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1841-08-04
C @ N G. R d S S :.
From the ". Y. Observer.

wv eSOtS VI lllC Coi pOIdLI0Il Ill tHelE IuuIFl-
dual capacity,-which was lost.
Mr.. Allen movedto amend SO as to pro-
hiblt Is Corporations" frora subscribing to
the Stock of the Bank, Lost.
Mr.. Calhoun moved TO strike out the |
clause giving power to the Secretary of
the Treasury to sell the stock held bv the |
=. S. in the Bank. He moved to author
ize the Bank to sell it, with the assent of
Congress, for its par value in specie,-|
which was rejected.
Mr.. Buchanan moved to amend so as 10
restrict the Bluk from Ioaning money
when It's circulation exceeded three times
the amount of the specie ia its vaults.
Lost.
Mr.. Clay, of Alabama, moved that the
capital of the Bank shall be distributed
among the several States, according to the
domestic export,-the produce of these
States Lost
Mr.. Nicholson moved an amendment
providing that if any oficerof the Bank
shall convert to their use any portion of
the public deposites, the bank Shall forfeit
its charter Lost.
Mr.. Williams, of Maine, moved an
amendment that the notes of the Bank be
redeemabIe in specie by the Bank, Wher-
ever the same are issued. Lost.
Mr.. Benton moved to strike out that
part Of the bill fixing the rate Of gold coin,
which was lost.
| Mr. Benton moved 10 strike out the pro,
vision allowing the Bank TO deal in coin
buying and selling coin. Lost
Mr.. Berrien moved to amend, so that.
in effect, the Bank shall 60 info operation
as soon as six millions five hundred thou
sand dollars have been paid in, exclusive
Of the Government Stock; after some de-
bate, in which Mr.. Clay opposed the
amendment, it was lost.
! General Gratiot.-July 22.-The bill
for the removal of the trial of the case of
General Gratiot, from the g. S. Court in
St. Louis to Washington, was rejected.
Bankrupt BiM-Mr. Berrien offered
several amendments to the bill which were
| agreed to.
July, 23.-seyeral amendments TO the
Bankrupt bill were offered and rejected.
MIR. Young moved an amendment, that
all persons who had dissipated or lost
fraudulentIy or otherwise, trust funds
should not be entitled to the benefit of the
act, which was agreed to.
After some further delay the bill was
, ordered to be engrosse1 for a third read
ing,-yeas 27, nays %.
July 24.-The bill was passed-yeas
&c, nays %, as follows.
e Yeas--Messrs. Barrows, Bates, Der
, rien, Choate Clay, Clayton, Dixon, Evans
Henderson, Huntington, Kerr, Merrick
) Miller, Mouton, Morehead. Phelps, Por
It ter, Simmons, Smith, of Indiana, South
e ard, Yalmadge, Walker, White, Williams
Woodbridge, and Young.
Nays-Messrs. Allen, Archer, Bavard
{ Benton, Buchanan, Calhoun, Clay, of Ala
j. bama, Cuthbert, Fulton, Graham, King
5, Linn, McRobert, Nicholson, Pierce
i Prentiss, Rives, Sewer. Smith, of Conn
- Sturgeon, Tappan, Woodbridge, an
. Wright
= Fiscal Bank-Mr. Clay called up tn
d Bank bill, and moved to strike out tn
:. amendment prohibiting the assignment
: and transfer of stock to others than citizen
ie Of the United States. Mr.. Walker oppo
g ed il, but the motion to strike out wa
of agreed TO, 20 to "a.
Mr.. Clayton moved to strike out tn
amendment which gives power to an
IS number Of stockholders not less than tel
d. to examine into the private individual al
y counts with the bank. After some d
:. bate, the motion TO strike out was lost b
:, tie--25 10 %. This clause was the
ne modified so as to require that these te
DO should hold not less than Ave shar
a. each. ...
- July 26,-Mr. Clay objected 10 Il
" amendment by the committee, prohibitir
+ directors ofthe branch banks from recei
z ing loans and discounts from the Ban
lis and expressed his opposition both TO tn
IA amendment and the other in the san
section providing that no member of Co
70 gress shall have facilities from the Ban
of He moved to strike out the clause lelati
in to the directors. Carried.
-, Mr.. Clay then moved to strike out Il
:, clause prohibiting the Bank from d
by counting any paper upon which was I
IS name OF any member Of Congress
rst drawer, endorser, or acceptor.
Mr. Walker said be would comprom
the matter with the Senator from Re
m lucky. He proposed 10 amend the amer
I'm rents so as TO prohibit The Bank from q
nts counting notes or drafts for any memt
bv Of Congress.
y Mr.. Walkers modification was agre
Ion TO. and then the amendment, as moti6
af- was eoncurred in, Is to "a.