The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-06-24
IN SENATE,
WEpNEspAY, juno %, ISL


WEDNESDAY, June 81 l64l.
The Senate met at ten o'clock. A. M.
Mr.. WRIGHT presented memorial from New
ork city, asking for bankrupt law also remon-
STRANGE from the place against the same also
remonstrance from Utica
Mr.. BENTON presented memorial for bank
rupt law.
Mr.. WOODBRIDGE presented resolutions Of the
Legislature Of Michigan in relation to desired aera-
tons IN the course of proceedings in the u s. courts
IN that district
Mr.. TAPPAN offered resolution Of inquiry as
to the estimated expense OF the Senate printing, as
presented in the bill making appropriations for Con-
gress. he observed that the item of printing in the
Senate was very nearly equal to that Of the House.
Mr.. CLAY said he would explain the circumstance
without the necessity OF passing the resolution The
estimates for the Senate made out by the Secre-
tary, and referred to the Committee of Finance
who report upon examination. In this case, though
reduction of twenty per cent had been made the
former prices of printing, there certainly great
proximity between the estimates Of the two Houses.
There were many reasons for this for it manifest
that the difference in the number of members did
make corresponding difference in cost of printing
There certainly had been, for some years a
ton extravaganza in this nem of printing, which would
now be saved by the action of this body, in appointing
new printer in March and he very glad find
this spirit of economy manifestng itself in members on
the other side. They should have his most hearty
operation.
MIR. IAPPAN said he would not press his resolu-
ton, the information sought had been offered in
ther way.
Mr. BUCHANAN'S resolutions calling on the
President tor list OF removals the 4th OF March
were taken up, and afer a few remarks from Messrs
Buchanan and Mangum, were laid till to-mor-
row.
The bill to revive and extend the charters Of the
Banks in the District of Columbia was read a third
time.
Mr.. MOREHEAD moved to recommit the BILL
with instructions TO strike out the amendment adopted
yesterday, prohibiting the Banks from receiving or
paying out the paper of suspended banks. He sus.
tanned his motion with some remarks exhibiting the
reasons for his change of views since voting for the
amendment yesterday.
Mr. MERRlCK advocated the recommitment, dis
playing at large the nutilty of the recharter with the
present restrictions.
Mr. MANGUM was willing to vote tor the motion
to recommit, if the Senator from Kentucky would
amend by emitting instructions.
Mr. MERRlCK urged the instructions The bill
might be reported back without delay and the Senate
might then act on it, without any discussion He
was DESTROYS to have the vote the recommltmeht de-
cisiye of the sense of the Senate the amendment
Mr. YOUNG opposed the motion to amend, and
the recommltment
Mr. BENTON spoke for more than an hour against
the whole proposition to recommt and in favor of the
restriction. He finally launched into attack on the
banking system in general Mr. Bldde's letters, &c
Mr.. BARROW followed in reply to Mr.. Benton,
of the six who opposed the amendment in question.
He condemned the remarks OF the Senator from Mis-
souri,, for irrelevancy.
Mr. ALLEN dlscoursed for long time with great
violence against Banks in general
Mr.. MOREHEAD replied to Messrs. Benton and
Allen, both the immediate question, and on the
history of the late war, the currency in general He
vigorously and eoquently exposed the tergiversaons
of the Locofoco party in their treatment of the State
Banks first chershing and then desouring these,
/ 4 ho,rn ,Gsp dina ia tha mad Sfnfa
Banks, often triumphed over by Senators on the
other side, he said-"The ghosts Of those murdered
institutions when they rise up against the authors of
their ruin, and stalk this Chamber, cannot turn
to us in condemnaom-yec can not say we did IT." lie
then enforced the arguments for his motion to recon-
nit, and concluded with adopting the amendment of
the Senator from North Carolina emitting instructions
to the committee
Mr.. BUCHANAN replied against the proposed
amendment of the bill. He maintained that without
the present restriction the banks would not be- in
atty specie paying institutions; for they would deal
almost exclusively in the deprecated paper OF the non
specie paying corporations of Baltimore and Virginia
He should vote against the bill however, in whatever
shape it might come He was opposed to revlving the
old six banks under any circumstances he thought
it would be better for the District TO have entirely new
banks-ether one bank in Washington with two
branches in the other cities, three new banks one
in each city. He believed the large majority of the
inhabitants of the District favor of system of
new banks rather than the revival of the old ones,
He would also vote against any bank charter that did
not make sufficient provision for the perfect security Of
the note holders He wished the stockholders to be
made personally liable for the payment Of the notes
He DESTROYS to Kill the presen, bill and, as the
best way Of doing that, he would vote for the recon-
mtment.
The yeas and nays were ordered ON motion of Mr.
CLAY, of Alabama and the recommment was
then passed
YEAS-NIcssrs. Archer Barrow, Bates, Berrien,
Buchanan, Choate Clay, of KY, Dixon, Evans, Ora
ham, Huntington, Kerr, Mangum, Merrick, Miller,
Morehead Phelps, Prentiss, Preston, Rives, SIM
mons. Smith, OF Ia, Southland, Tallmadge, Wood
brldge-25.
NAYS-Messrs. Allen, Bayard, Benton, Calhoun,
Clay, Of Ala, Clayton, Fulton, Henderson, King,
Linn, McRoberts, Mouton, Nicholson, Pierce, Por-
ter, Sewer, Smith, of Ct Sturgeon, Tappan, Walker,
White, Williams Wright Young-s4.
Mr. CLAY moved to proceed to the orders of the
day, (the bill to charter the Fiscal BANK THE
UNITED STATES, now on its second reading) He
wished that after the bill had been read entire
according form (if insisted on) it might be read
again. section by section, being then open to amend
ment
Mr.. WRIGHT assented to the mode proposed, but
abiding to the hour-(two clock and the length of
the sitting four hours thought desirable to de-
fer the consideration Of this Important bill till tom
row Many Senators had not had time to read il, or
make up their minds on IT, IL had been understood
that if the Senate met at ten, they should adjourn
about three. In the course of one hour they could
hardly hope to do any thing with the bill.
Mr.. CLAY yielded to the proposal, on condition
that it should be taken up TO morrow without formal
reading.
The Senate then went into Executive session.
HOUSE OF REPRESENTATIVES.