Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-07-22


word "bullion," from what the Bank was
authorized TO pay out. This waa,opposcd
by Mr.. Clay, of Kentucky, Huntington, and
Bayard, and advocated by Mr.. BenloL.-
During The discussion, it came oul, that in
another portion of The hill, the Bank was
required to pay its notes in gold and sill
vcr," omillne the word "coiu.i' This
was the first amendment. aud lien the
question was taken on Mr.Bcnlon,s amend.
mcnt, and carricd-aycs 26. nayssl; three
Wings, Mcssrs. While, Porter, aud Prem.
iiss, voting with tho majority. Mr. Clay,
of Ala, then moved to attach as a penal
~ TO the provision Of the bill, which pro-
hlbted extensions on lnaus beyond $50
days. that all such extensions should he
null and void. This was Satiyed-aycs
! 10. noes p.
The Scii: then went into Executive
session, and then adjourned.
There were some indications OF rebel
lion in the Wing ranks to-day, asyou will
observe uy the votes on the amendments,
but stronger one was the refusal OF Mr..
| Merrick 10 vote on several Of then at all.
He ardcnlly supported Mr.. Rivcstnmcnd-
men, aud is evidently very much dissal's-
fed at It's failure.
In the House, Mr.. Profit ofIcrsd rcso-
luton that the Select COMMITTEE on the
Currency be directed 10 report theSenntc's
bill repeating The Sub Treasury bill, as
soon as practicable, and that itbe also tI-
rccted not TO connect il with anSbillaShlcl'
said committee may prepare fofihe crca-
lion Of fiscal agent, or with any bill pro-
vidin. for The establishment of tscal
agent which may hereafter be sent 10 SAID
committee
The bill to establish Public Debt was
taken up, and Mr.. pickcns occupied the
.briel hour" allowed to each member in
very forcible speech against il.
lie was followed by Mr. Segelni aud
Mr.. Fessendcr in favor Of this taffnj Nh
Rhclt against it.
WAsn,yGroy, July 9,iSll.
In The Senate 10 day. al,er thc'prcscn'
,ation of memorials. &c. the BanBbil was
taken up. and Mr.. Allen proposed nn
amendment which provided that tic Board
Of Directors Of the Mother Banl should
publish the orders which may lie issued
TO each branch 10 expand or cohract lis
! loans or discounts. Mr.. 4. spoke br some
time with much power in lavd Of his
amendment, and was followed by Messrs.
Wright, Walker, Linn, Calhoun, Nicho!
son, and Benton. Seldom has ay dc!ib-
eralive body heard in succession 8 many
able speeches embracing so muclpf argu-
menl brought to bear on any pint, rs
were delivered on this occasion. The ar
Sument was most overwhelming. The
friends Of abuses, aud ihc cncmicsnf pub
licily remained mute, and the voc bcinS
taken it was decided in the ucsali,e-aycs
%, noes'26, one Wing (Mr. llendeson vo-
Ting with the Republicans. Mr.. Walker
tl:en moved an amendment, excluding the
directors Of the Branch Banks, anc Mem
bers Of Congress from obtaining asy loans
or discounts. This wns supportcdhy Mes
SIS. Walker. Woodbury., King. Allen. anl
Clay of Alabama. aud two or rhrc, Wings
in'imaling an intention TO vote for q. Mr..
Clay Of kentucky, rose, and ia some en-
erse,ic remarks opposed The amendment.
lie was backed by Messrs. Bcrricn and
Simmons. On motion Of Mr.. King the
question was divided so as 10 iaks the qucs-
lion on the loans 10 directors, Nhich was
HsudiSosi ns'riTc Suggestion or WE ?IerT1rK,
SO as 10 limit their amount 10 Sl0,00O.-
This was carried. ayes 25, noe; 2l-four
Wings, Archer, Henderson, Merrick aud
Porter, voting in the affirmative. The
question vas then taken on prohibiting
loans to Members of Congress. ayes 23.
noes 22-Iwo Wings. Messrs. Henderson
and Prculiss voting in the affirmative
The Senate thea adjourned.
IL is now generally understood that hir
Clay's Bank bill will no become aw.-
IfiI fails 10 receive the coup dcgiace in the
Senate, which will be Inflicted ifihc l'rcsi.
dent wishes to avoid the responsibility of
The veto. i; will die by The hands of The
Executive. Mr.. Tyler evidently intends
being candidate for the Presidency al the
expiration OF his present Term. and iIc will
try and have a Bank OF his own 10 assist
hrs operations.
In the House il was resolved by inc ma
jority HAT The bill TO create Il public debt
should be taken on, of Committee on next
Monday. The bill was Ihenl;kcn up anl
was opposed by Alcssrs. Wa',rsom. Wood
ofN. Y, Eastman and AlCkcal. in speech
cS of the standard measure; one hour each.
SaltonstalI and Mr.. Barnard c;rh went in
for an hour in favor Of The bill, when irbc
ing 3 O'Clock, the House adjourned.
WAsnISGToS, July 10.
In Senate 10 day, Mr.. Liun occupied
about ,wcury minutes in continuation OF his
speech on prescription, and shor, as was
the period, The "noproscri rion" party
were heartily glad when The hour for IA.
kin. up The special order arrived. The
Bank bill wa. then taken up, and Mr. Wood
bury moved an amendment prohibiting
the directors from making donations out
of the funds Of the institution. MIR. w. en-
forced the proprie,y Of adopting the reso-
luton in few brief bu, very lorciblc remarks
in which there seemed to be very gcncr-
al concurrence on The part oflhc Senate
Mr.. Clay seeing tha, direct opposition
would be fruitless. moved rs an amend
menl 10 insert the words "direclors and Off
GERS after the word donations, aud advo-
Gated it at some length. This would leave
free scope to The directors in their beslowa
Of sratui,ies, except TO themselves and
the other officers of The bank. After