The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-07-29

( l79l, wken the ilrst debate took plaee IN
Congress on this disguised question. IN.
Fisher Amessby way q illustrating and,
enforcing his argument IN favor a he
power, put the case az Bank established
here under The power OF exclusive iegis-
la,i0n over lie District. and slid such
a 8ask . could send rs paper 81 over he
Union" Mr.. GILES. Of Virginia, and
Mr.. Stone. Of Maryland. both distinguish
ed opponents nf the general powered Con-
grsss 70 establish a~NaliOnal Bank within
the States, in noticing and replying "a ihe
argument and illustration of Mr.. Amcs.
clearly admitted the authority Of Congress
70 establish such Bank As Mr.. Ames
had described. within The Disiricl. Again,
in 1911, when. at ihe expiaiion Of ihe
charter Of The lirst Bank Of he United
States, tie discussion MAS renewed on
The constitutional power Of Congress. ST.
milaT admissions as 10 the District were
made. in unequiFocsl terms. by several
Of those who were most earnest in deny
ing the general power Of Congress 10 Gre
ale National Bank within the States.
But hasten, said Mr.. Rives. 70 come
down 10 more recent period Of our POI
litical history, when recogniiions Of the
same doctrine chicken upon Us, and from
quarters distinguished, or claiming 10 be
distinguished, BY peculiar Republican or
tllodoxy. In 1914, when the effort 10
obtain a re-eslablishment Of a National
Bank was FIRST formally renewed, after
the unsuccessful struggle oflSll, the sub
ject came before Congress on a petition
Of number OF The citizens 6f New York.
Il was referred 10 the committee OF ways
and means Of The House Of Representa-
lives, Of which Mr.. Epps, distinguished
Republican representative from Virginia,
was the chairman. As chairman of the
committee, Mr.. Eppes reported against
the constituuonaliiy fthc proposed Bank,
and embodied the grounds Of that report
in the following resolution, which, as set
ting forth distinctly the principle on which
the objections Of the Republican party Of
that day 10 the consiiiuiionsli;y of Ma
ticnal Bank rested, deserves particular no.
tiee. "Resoipsd, thai the power to ere
ate corporations within the territorial Ii
mits Of the States, without their consent,
is neither one Of the powers delegated BY
the constitution Of the United States, nor
essentially necessary for carrying into ef,
feet any delegated power" Ii cannot
fail TO attract attention, that the terms Of
this resolution, BY an obvious and neces-
sary implication, admitted the power 70
create such corporation as proposed,
within the District Of Columbia.
\ But this conclusion was not Jeff 10 IN
/ ference onfy. Inc distinguished Sena-
tor from South Carolina. Mr.. Calhoun
then distinguished member of the House
of Representatives, moved recommit
men: Of the report to the committee which
brought il in, with the avowed purpose O
obtaining their report in favor Of a Ma.
\ tional Bank in the District Of Columbia
report which was accordingly alter
wards made. As the honorable gentle.
man seems frequently TO suspect US Oh
this side of the honse, of design to mis-.
represent him, viii give his own words,
as taken from the records Of the dav:
I Mr.. Calhoun then said, it would be
found that the committee Of WAYS and
means had decided against the PROPOSE
ton on the ground of unconstitutionaliiy
of establishing such Bank as that asked
for in the petition. wished to instruct
the committee to inquire into the expedi-
ency of establishing a National Bank
within the District of Columbia; the pow
er to do which, it could not be doubted,
came within the constitutional powers of
Congress. For all practical purposes, he
believed such Bank would be as useful
as that which was proposed. To come
at his object, Mr.. Calhoun proposed the
following motion:
i Resoired, That the committee of ways
and means be instructed to inquire into
the expadieney of establishing National
Bank, to be located in the District of Co
lumbia."
This occurred during the first session
! OF the 18th Congress. AT the succeeding
session of the same Congress the subject
was resumed. Mr.. Dallas, in the mean
time, had become Secretary Of the Trea-
surv, and in October, 1914, had present.
ed his plan of fifty million National
Bank to be established at Philadelphia.
That plan being under consideration in
the House of Representatives, and re-
solution having been offered declaring it
to be expedient Ito establish National
Bank, with branches in the several
States" Governor Wright, of Maryland,
then a leading Republican member Of that
body, moved 10 amend the resolution by
inserting therein the words "within the.
i District of Columbia." What said Wm.
A. Burwell, of Virginia, on that occasion!
| Who and what he was, no one knows bet
ter than the honorable Senator from South
Carolina. will only say that through
the whole of his patriotic and distinguish
ed life, he was q strict construciionist of
,ba 8. most sstraitast sect - and an iuyari-