Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-30

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s,erch 81 1916, when supporting the charter Of tG'
H., Rank charging It's predecessor, the Bank ei !1l,
beng party institution abused to political cor
n,,on from winch he proposed TO guard Tue last one
uhch has shown ITSELF in despite OF all ms fostering
,-, ten times protiigate Than thai when lie ac'
,ssd by way at contrast with that winch ne tut" Po
,,s,d so carefully to guard.
ur Buchanan looked upon the disposition now
ynced 10 sweep out the few san'ary checNs ana
,,-ds effected IN commi,tee BY the Democratic sio'
= ,hc cha oher as matter of fearful on'n tie held
=, ia view the INDUSTRIOUS spectacle OF Legsia'ure-
~ y!om the scrutiny of the Bank abuses depended, ana
,.ch the community must look tor redress OF wrongs
-ns,ra,ed bv the nstitu,ion-itselt in the power OF
Rank IN consequence OF great portion OF the men,
~, hoj,nr money it's will, which they might oe I'M
iii, !, p,y-,he spectacle of people contending with
81 institution whose policy would be TO Cypress mem,
Giving on Representatives, secretly IN the pay OF the
MI This would reduce TO mockery all pretence of
,,,onsib,y in the moneycd power, which would hold
~ PRICES Of properiy-ihe control OF the currency
and commerce of the country IN IT'S hand--aha WIN
,b.se powers that of legislation would be assoc'ated
because the power to make the memoels Oh So"s'es'
nh ar moor at pleasure will be sufficient at all uh'es 10
,,ve the casting vote on any question OF Importance 10
CONGRESS The sketch Of the debate which ninety mus
,a,rd this subjec, to-day, will be given hereafter
Mr. Clay proposed an amendment authorizing P"y
men, of subscriptions the Bank to be made IN cert
.aies of stock of the twelve million loan lately pro-
vided for {,he Bank) by an act oil Congress. ooo 49,.
The proyso lmtiug leans 10 directors to Siopoo was
retained
ar uun,Inron proposed to strike out the limitation
n-obb;,,nr the issue of notes of smaller denomination
,a,n $40 Messrs Woodbury. and Buchanan opposed
i Mr. Bayard submitted prov'so that Congress
MIGHT hereafter impose the restriction Mr.. Iappan
considered II proposition to grant power to Congress
% lsgisate-a matter he thought not derived from
Rank charter but already secured by the Constitution
Amendment lost-ayes %, noes 20
Nr Walker proposed amendment to give the
election of directors 10 Congress Tins proposal was
heretofore argued, at length BY Mr.. W., and again,
more esaboraely oday, with some new points OF Illus
traiion
Lost-yeas :, nays -.
Mr. Linn proposed an amendment dsqualfying the
managers of the late Bank who voted the exclusion Of
The Government directors. from participating IN the
duties devolved on them BY the charter.
Lost-yeas II, nays %.
Mr. McRo5erts offered amendment disqnali!ying
those directors who bad excluded the Committee o
Congress from the discharge of their duties when sen
10 examine the Bank-adding some additional pro
visions 10 guard against future violations of the char'e
h. the directors and to subject false swearing the
part To the penalties OF perjury.
Voted down-yeas l3 nays 2S
MIR Smith OF Connecticut proposed an amendmen
declaring that much of the Constitution and CT ih'
laws Of the u S and Treasury regulations apply I,
money the Treasury, shall apply 10 the money OF tn
Government in the Bank.
Lost-yeas 81, nays %.
Mr.. Smith proposed to prohibit loans over $4,000
amounts well secured tendered-ayes q, nays IS
Mr. Benton proposed an amendment to exclude mem
bers of Congress from being Bank directors during
their Tor two years thereafter, or from being
the agents or attorneys thereof receiving gratute
there!rom.
Voted down-yeas %, nays %.
Mr Tappan submitted provision asserting the RICH
Of Congress repeal the law establishing the hsca
agency for the government IN the Bank.
Lost-ayes 81 noes =.
Sir Walker offered the follow ing anendmen
10 Mr. Tappans repeating amendment;
"iad proeded, That no person shall be deprived o
any property held under said act by such alteration
repeal, any manner repugnant to the nth article o
the amendments to the Constitution of the U. 5.
Mr.. Walker offered the above as an amendment
the amendment proposed by Mr.. Tappan. lie thel
stepped into the Library for authority 10 rea
IN favor Of his amendment Although he was absen
less than five minutes, the vote the conclusion
some remarks of Mr.. Benton, was Unexpectedly takei
on Mr. Walkers amendment, and il rejected, ant
then Immediately Mr.. Tappan's amendment was re
jected.
Immediately after the vote taken, Mr.. Wake
returned 10 the Senate with his authority, and 1t ben
ate record his vote, stated by the indulgence
thc Senate the facts and declared that if his amend
ins"i 70 Mr. IapPan mt had been adopted IN
should then have voted for it,
Mr. King moved amendment excluding the Pre-
siient, heads of the Departments, and the Judges
the Courts of the L. States from loans Rejected
AYES -, noes %.
!ha. the officers IN question would be called TO act upo
Ind decide various matters affecting tie interests OF In
Institution. The proceeding by jaciaS to iorie
the charter would he delberated upon b. the Presden
md ms cabinet, before it could be instituted, and, ii in
sttried the Judges Of the u 5. would try the cause
judge Marshall had felt the improperly of deciding q
questions affecting the Bank while holding stock IN II
and disposed Of what he held before trying ITS cause
The relation of debtor to bank, OF much great
e. dependence it than Of stakeholder.
.iar, no I,,en damn oG
head OF Kentucky moved an adjournment, saying ,hs
he wished deliver his views the merits of the bill
Mr King Of Alabama, suggested that now, as tn
amendments both sides had been disposed Of,
would be well before adjourning TO pass the bill 10 II
third reading, the Stage which it would be fully ope
for debate, but no longer exposed to amendments a
most all, the public will perceive, have been vote
dow b. the friends of the bill captious and Mr. Ola
agan and again treae ned the gag to put end to tn
obstruction which they had occasoned.
Mr. Mcrehead declined awaiting himself OF the pro
position hasten to put the bill its passage, by CAT
ryng i at once to the stage where It would be nacces
siole 10 propositions To amend.
Mr Clay then came forward and said he woui
,-ee on To- morrow at twelve clock TO vote the bill
lis third reading hut would not put 1t out of The reac
Of amendment to- night. He was then reminded by NJ
4 ne and Mr.. Calhoun, that when he forced the loa
bl before the Senate the place Of the Bank BILL the
expressed their willingness put the latter to til
stage, where Mr. Clay proposed to put it Tomorrow
twelve. This more than week ago and yet IN
Democratic side of the chamber were charged VII
rocrasna'ng the progress Of the measure, by wsnto
and unnecessary DELAYS Mr. Berrien renewed NJ
Moreheads motion TO adjourn, and the yeas and nay
being called, carried by the friends Of the Ban
By sheer party vote.
The circumstances show that the Bank party wh
have attempted 10 stihe debate and stihe amendment
and who inerposed first the Loan bill and then tn
Bankrupt bill, to intercept the progress of the Ban
bill, not up to this hour prepared TO tIei
own measure, which Mr.. Clay has SAID Congress wa
specially called to pass upon Why, then, the ,hrca
OF gag laws to those who sought to bring the vas
import of the bill before the country, by the amend
inens suggested and full! discussion Why have lii
whip and spur been applied to the subserven, on tn
Bank side Of the Chamber, forcing them to vote dow
every proposition, while their months stoppe
with double bit-wthholdng them, also, from dis
cussion The simple truth is, the Bank charter wa
from the outset, contrived piece of work.
has been upon in darkness and is yet to be hatche
IN darkness, where ''iutriguc, bargain and manage