Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-27
IN SENATE
Lrihuu. .LnLu %. l>iI

/ IN Sf.NA ! IL.
Iriday, Jaty %, ISL.
| Mr.. PRESTON, from the Committee on Nd
Affairs, reported House bill making appropriation.
Notifications and for the prevention and suppressed
| Indian hosti!ities, without amendment.
The Senate then proceeded 10 tie consiterl.ie1
the bankrupt bill as the general order.
Mr. NICHOLSON moved to amend the Bill 81 !.
include corporations within lis provisions.
Mr.. CLAY Of Aabami suggested 10 the >rna
that he had better modify his proposition a. ceAG.l
such corporations as were owned wholly or n paf,
States.
Mr.. NICHOLSON then sent 20 tie CLAIR Tie
lowing proYlso, 10 come in the 2st line Of The ss,
ton Of the bill
g Prorided, That all banking corporations eAr
those in which the stock IS owned wholly part
State, or for which State is responsible, ctaF:o.
for the purpose Of issuing notes or other eylt
debt, &c b. put IN circulation as money, shall J. j.
TO become bankrup. according 10 this act
Mr.. NICHOLSON advocated the amenimen; Al 81
length lie had made the modification al The SUI.
ton Of his friend from Alabama, but he had hot
slightest doubt Of the power Of Congress 10 ncica
banks The evil this sought to remedy had beer
tensivey felt in more than two.thrds OF tins mon
which the currency diffe rent either in knd ::
uc. The amendment he had proposed would r"aca
evil by holding out 10 every bank the certainty I,
dissolution IN case Of suspension.
Mr. BENTON attached immense importance 70 I
amendment. The opinion in regard 10 embracing
porations in bankrupt bill was 4 growing one i
contended that they came within the provisions,
bankrupt act, as many OF them had suffered from {,
fact Of having mixed up with their Legitimate tu>l.
the perIls Of banking. He insisted that tie iiee
such provision would be 10 separate the sound b.
from the rotten ones, and would act rs better !,
tor than any national institution possibly could u
Mr. WOODBURY. could see reason why NIT
persons should be subject 10 all The penalties q
law, and artificial persons should not lie guot,t
Appleton $ opinion in favor Of the application 81 ::
law, most likely to he etieclual in prcrt1'
specie payments than any other measure whatrtr'
Mr. WILLIAMS pointed 10 the State y: VI
where the bankrupt law Of tho State wa- -
against Banks, to which he, IN great measure
buted their present suundness.
MIR. SEWER contendsd that thc subject bel
wholly to the States, and that for THIS Goyrrnm.'
undertake 10 do what the States had not done y.
implication that the States had not acted correct
he for would not sanction il by his vote
Mr. BERRlEN replied at length against the
ton of the amendment. He thought difficulties
occur in arranging the details and the chasing q
cial interests with the State and L. ). courts. An
insuperable objection was that the banks were ldt
under embarrassments, from the present PROSTATE
diton Of commerce. and the provisions OF this act
not be extended 10 them without acting on the y
indebted community.
Mr. WALKER said this had ever been ~
measure with him, since It's first suggestion IN J.
There danger of the cashng Of indvida- +
terests, because the bankrupt law would oycrttt
State laws, and it for that purpose il was need
give uniformity to lis action.
Mr.. BAiARD moved to amend the amendmff
striking out the words except those in winch the
is owned wholly or in part hy State, or fer =.
State is responsible, giving his reasons t!iei'
some length.
Mr. HENDERSON followed at some length
Mr.. CLAY oil Ala had some scruples 10 lhe
Of the General Government to interfere with .
tons emanatng from States, but - hen II va sou
enlarge their powers he must al once oppose Tie ~
nent.
Mr.. SMITH, of Conn, said that where tho PoHf'
the State and General Governments were N CO.
under this act, the State must yield. lie thought
the time, above all others, for the insertion q :
provision IN the hill.
Mr. BENTON suggested that the bill lay On "
bic until tomorrow, III order to have the amen
printed
Mr. BERRiEN hoped the delay might no, ,ak.
they were already behind the House IN the ~
and he hoped il would not be laid j
The motion to lay over prevailed. Il
Mr. CLAY said he should call up the bank
morrow. lie appealed to the friends Of the oH
suffer it 10 be delayed. lie dcsned the con-
know who were and who were not N favor q
on this bill at the present session. lie would y
take il up and that question he desired Tie s."
nays.
The question was taken on tins melton, ara =
in the atiirGative-2O 20 %
The question was then taken OIL tie ataanG'l
the amendment offered by Mr. Bayard and tscr
the affirmative, rs follows
Yeas--Messrs. Allen, Archer, Iatcs, Eayard E'nr'
Clay Of Kentucky, Clayton, Evans, Graham, lrudrf
inston, Manrum, Miller, PHELPS, Porter. Pfc>i.a' \
mons, southard, Tainladpc. Walker, Williams, We
iags-AlessrS. Barrow, Benton, buchanan, 'h'''
Alabama, DiAon, Ful,"s, King, Linn. 'itR"ne'
choson, Pierce Prenti--, Sewer. Sr:h 81 Indiana.
I.n N'I,. Inury
| The question was then taken Oh the amen
amended, and decided IN the negative as ~
ycas-Messu Allen Bates, Bayard isnt.H l'a,.a
McRober,s. Nicholson, PIERCE, smith Of conn. Suif-'0
| Walker, Williams, Woodbury., Wr,rhi-ld.
| S1y,-i !essr-. Archer, Barrow, E-ren, Calhoun.
Of Ma, clay of Ky, Clayton Cu;hb-r DIXON, 49,
Graham, Henderson, Huntington, Kerr KING, aiah-
Miller, Morchcad, Mouton. Phelps, Porter, fi,NNr
Riyes, Sewer, Simmons, smith :" L.. s"u''"'
| Mr. TAPPAN moved to adjourn. The i'nS
haustng sessions, and the heat Of the "e'."
such as 10 cause great WEAKNESS and lassau''
| The motion was lost-l1 to %
The bill having been reported TO the Senate
ed, On the question that tins bill be engi0--r'-
Mr. PRENTISS rose and delivered ~
some considerable length against the genera.
Of the bill, declaring II T. favor the debtor ny.
while that OF the cred tor was entirely o''''o'
The question being taken tie ensf'TS
was decidt d in the affirmative, as follows -.
Yca5-Mrssrs. Barrow, Bates, Bcuen. Choi,',
| Slanslin, sirrrrk, Miller Morehcad, 'io4.en u,
Simmons, Smith Of Indiana, soniad. Ia''@''-
White, Williams, Woodbridge Yonas-.,. p,.,s
.Sdys-ifessrs Alien Archer, faysfd Bentoh ',n ,
houn, Clay, Of Ala, Fulton, Graham, hna' smmn
Nicholson, Pierce, Prentiss, Preston. s'S'
Sturgeon, Tappan, Woodbury., Wight.
And the Senate adjourned
! HOUSE OF REPRcsENThiiN' - HI
The House met in cooler MOOD ,na',
journed yesterday, and Mr. Rheit OF :, a.
had the floor OF the resolution, continue
He was in favor Of appointing me rS''. aiiYs
proper men could be pu, upon Il Nv .s,s
5000, eco to zoos, 900 to the States, and To.
the deficit. He called the interference :" y.
promise act, an &C, of foul faith ne s-'1
could not be collected upon jeweers' -
linens, and said that in Engla ihe.e :. cs,,
o oss amount wuo p Of .k goods in New Yos