The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-07-08
muniea.iOn fom the Treasury Department in relation

a
showing the number OF old muskets and pistols in the
Navy, in compliance with resolution of the Senate
which were laid on the table, and ordered 10 be
printed
MIR. WRIGHT presented the memorial of large
number OF citizens Of Schenectady, N Y, against the
passage Of bill incorpoa iing Bank Of the United
Mr.. BUCHANAN presented the memorial Of eli.
lens OF Pennsylvania, on the subject of bankruptcy ;
both which memorials were laid on the liable and or
dered TO be printed
MIR. BERRlEN, from the Committee on the Judi
cary reported bl authorizing achange OF the place
| OF the trial OF Gen. Gratot which read.
1 The resolution of Mr.. BUCHANAN and the amend
ment by MI MANduM, relative to removals from office,
was again taken up, and
Mr.. LINN addressed The Senate, at some length,
arragning the course of the present Administration
| In this respect
/ The morning hour having expired the Senate re-
sumed the consideration of the Fiscal Bank bill.
! Mr. BUCHANAN spoke for two hours inyestiga-
iing the general subject in opposition to the BILL and
in reply to the arguments of Mr. CLAY rs chairman OF
the committee from which il reported. He CON
cluded, by moving TO Lsrkc out in The bill the words
District Of Columbia Gas the place OF location Of the
j Bank)
Mr. BENTON supported the amendment
/ lie said they had now got Government Bank pro-
| ject before them Gentlemen had now come forward
| and contemplated a Treasury Bank with every provi
sion that made such Bank He referred to the die
tonary Of Johnson to show the meaning of the term
" fiscal that it related TO the Treasury. They had
given it the of Treasury, and left il TO be POI
| ltcay managed by the Treasury it was Treasury
Bank in its nature and provisions and its officers
would consist of used-up pJlilicans.
| MIR WRIGHT should vote for the proposition to
strike out, without any particular feeling where II
should be located Ii seemed to him that the location
should be such as the interests OF the country and
commerce require leaving the Senate to fix the place
Mr. WALKER felt that the bill OF the Senator
from Kentucky (Mr Clay was bad, but the amend
ment of the Senator from Pennsylvania, Mr. Buchan-
an was worse infinitely worse. There was not the
slightest prospect II Washington was stricken out, OF
It's being located in Philadelphia, hut in the moneyed
ogarchy of Wall street in New lork. 1t would, in
New York, be under the influence OF stock obbers
and stock brokers' and be influenced by every steam
ship that comes from London and Liverpool, under
the influence Of stockholders that gamble on States
debts. Ii would be under the direct and immediate IN
huence Of British stock obbers merchants, and stock
brokers' It would be British Bank, the Bank Of
England located IN the city OF N. York. lie would 90
10 locate such tremendous power in the city Of New
i York or North OF Masons and Dixons line he would
not be traitor to Southern interests This Govern
ment would be infant in the hands of giant
they created this tremendous power and located in
New York.
Mr.. WRIGHT said he had no an xety at all for
this blessing it called, within his State ;
he believed that experience had proved that the old
Bank one of the most serious msforunes to PHI
ladephia that ever was located and he had no desire
to force this on any of his constituents.
Mr.. WOODBURY. said if the Bank nothing
but fiscal machine its centre and heart should be the
centre and heart of the nation bu, TO be
cial agent it ought TO be located elsewhere.
! Mr.. CLAY of Alabama, said it extraordinary
that opinion should be advanced any side of this
/ House, that it desirable to have Govern
ment Bank than an ordinary bank for commercial OPP
erations il the first time that he had ever heard
his friends advocate this till now. 1t was doctrine
entirely new.
Mr.. w ALKER said that Gen. Jackson proposed
IT, He then read from Jacksons message of Decem-
ber 1880 in which It was stated that 1t was proper to
organize banks branches Of the Treasury Depart
ment. He (Mr. Walker) always did and would pre-
fer Government Bank to any Bank of the United
! States.
| Mr.. CALHOUN should vote to strike out these
words, a very simple principle, because he consi-
dered the location of the Bank in Washington
mere sham, and If il was stricken out he should move
to fill with New Orleans, wishing he did, to put 1t
as far from the Government as possible.
| Mr. WALKER asked if the Senator expected to
| get any thing like majority OF this the other
| House for its location at New Orleans He was OPP
posed TO "shams" as well as the Senator from South
| Carolina.
Mr. CLAY, of Alabama, said he would have the
Bank at the greatest possible distance from the Seat of
| Government
Mr. ALLEN said the entire government of the in
stitution would be under the direction ofthe moneyed
power of the country. Wherever they established the
Bank the controlling branch would be at the city OF
New York, for the reason that twohrds of all the
public deposits there He considered therefore,
that all their restrictions effected nothing but waste of
lime; it was nothing but another instance of the eff
forts of ensaved Government TO relieve themselves
! from the dominion of moneyed power, by giving
| organization and strength to that power.
| he hoped that the bill would not 20 out Of this
| chamber until the whole subject had been fully and
perfectly explained, and not question of cx
change but IN the far more important point of view
IN It's political aspect He should vote TO strike out,
and ii the motion prevailed, he should vote Tor hll-
ing place. for he never would by his vote, be ac-
cessary to placing in any district of The United States,
q power which would burn and blast that district.
| Mr. WOODBURY. said New Orleans was the
point where the bank should be located if any where
because it at the greatest distance from the politi
cal power of the country. He should pursue it if it
went to New Orleans wherever it went and de-
stroy it if he could, by every thing which could be
brought to bear on it.
MIR CALHOUN said ifthere were no other objec-
ton earth bot that they could not locate it any
where without giving pre-cmlnence to the place of It's
location, that would he enough TO condemn it.
The amendment was then rejected, by the following
vote
! YEAS-Messrs. Allen, Benton Buchanan, Cal
houn, Clay, of Ala, Fulton, King, Linn, McRoberts,
Morton, Nicholson, Pierce, Sewer, Smith, OF Conn,
Sturgeon, TaPpan, Williams, Woodbury., Wright,
NAYS-Messrs. Archer, Barrow, Bates, Bayard
Berrien Choate, Clay, of KY, Clayton Dixon Exams,
Graham, Henderson, Huntington, Kerr, Mangum,
Merrick, Miller, Morehead, Phelps, Porter Pren,ss,
| Preston, Summons Smith OF Ind, Southland, Tall
madge Walker, White, Woodbridge-29.
Mr. CALHOUN then moved that the words Dis
rict of Columbia" be stricken out, and " New Or
leans" inserted
Mr. BENTON, at length, advocated this amend
ment and spoke several times
Mr. WALKER advocated, and Mr. TAPPAN
opposed it,
Mr. CALHOUN (haung moved the amendment)
said if prevailed would not strip him, at ALL of his
objections TO the bill
Mr. BUCHANAN supported the amendment. He
was convinced that there spot within the wide
limits of the United States where this Bank could be
az IN The of this conntry Wash