Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-08-09

striking out tho clause giving the President the
1oWer to appoint three Directors of the Bnnk, and
inserting provision for the annual appointments
of four Directors hy Cungress-two by euch
House 10 he elected at the same ballot, by the
greatest number OF votes This was advocated
at some leDgl and with much earneslness by Mr..
Walker, and briefly opposed by Mr.. Clay. 1t was
rejected. Yeas Z, nays 35.
H'hc bona tide amendments were now offered,
and political and party feelings were vented i'll
some propositions of a remarkable character, be
ing the last desrairng efforts OF defeated oppo-
sltion.
MIR. Linn moved provision lhNt no person who
was president director Of the old bank when It's
Government directors were excluded from, ex-
animation, or in the measures OF the Bank, pro
ducing ruin and pressure in 1888 and "a. shall
ever bc Director in Ibis bank or any of its bran
ches. 1t was rejected: Yeas II, nays %.
MIR. Benton offered an amendment that all laws
applying to money in the Treasury of the United
States should he applicable 10 money in The Bank.
This was opposed hy Mr. Cay ms unnecessa, "a
provision Of this character existing in the bill II
was nugotivcd: Yeas 81, nuys p.
Mr.. Benton moved Il prohibition to any mem
her of Congress while uemher or for Ten years
after to he II stakeholder in the bank, or to lie Ill
my way employed by it, or receive compensation
or graluity from it, This motion wus negstNed:
Yeas % nays 30.
Mr. 1aWiau movod an additional section at The
tllN VI lliC WI USStTllllb le DWeTOi SOlHTteS W
utter or repeal this charter al pleasure. This was
rejpctcd Yeas 81, nays 2S
Mr. King moved proviso, prohibiting the Pre-
sdent of the United States, the Heads OF the EX
"cutive Departments, and Judges of the Supreme
COurl, from receiving leans or discounts. This
was rejected: Yeas % nays q.
The amend .nents were now gone through, aud
in Il number of the latter ones muny ortnc oppo-
siiiUn refused to vOte,at all on them
Mr.. King proposed that the bill lee ordered 10
he eurrose0,l tonight. This would cut off all lin
gerlng, useless amendments, and leave the gcner-
al question. for open discussion.
Mr. Calhoun took the same view, speaking
much of the desire tho nIiuorily-to hasten bust
ness.
Nless,s Clay and Norehead declined cutting
themselves entirely off from amendments now
hut would agree ii The other side concurret in it,
TO take the vote oil the amendments if any, and
an the main question at twelve o'clock to nior-
ro".
TUESDAY, July 81.
,St1uie.-The session in the Senate today us for
many days past, has bccu more interesting than
important.
Next To what had been said upon the subject of
The Mexican Commission by the Chairman Of the
Committee on Foreign Aflrirs, came up the
bank biz.
Mr. Morehoad OF Ky. made his first spec cir.
lie is strong muu and al eloquent speaker, with
a well toned voice, and an mprcssiveness Of uian-
ner which almost demands the attention Of the
nearer whether disposed to listen or not. No
speech during the session has received more at.
teDtiou, and none could present clearer view Of
the case. The rwecedents in behalf of I, -!,auk in
the action Of the General Government, came us
thick as leaves from the trees in autumn. The
greatest names of the country were all used to
give evidence OF the constiultionay Of the bank
10 scores of facts in the history of the govern
snept in the way of notes. Mr. Morehead ;dled
sI,ap A ,iic,ip Sl,oI
ngton and Mad son To Mr.. Calhoun The review
OF Mr.. Calhoun's voIes in IA, 10 and in 80 were
reviewed with powerful effect, and in manner
not very acceptable to the Senator from South
Carolina, though the Senator from KcntHcky was
mild and courteous in the extreme.
In dealing with the Senator from South Carroll
ma, the Senator from Kentucky did not trust to
memory but te Etcls. he addressed Mr.. Cal
honn out Of his own mouth, and from his own
mouth cOnhenned him, at least MS an Inconsistent
servant Of the public. 1t was amusing to look al
the Senator from South Carolina us all eyes were
turned up him, and remembering, rs all rinsl
have remembered, the contrast of opinion be-
tween The present and the past.
Mr.. Calhoun, with some feeling remarked, IN
reply, that he did not lketa he placed in such
position as he had been placed. No wonder
Mr.. Allen and Mr.. Benton wildly fe-annonuced
rIelr revolutionary relenl opinions. Mr.. Allen.
was unusually hoister0us, and flied the Senate
VIII his iOlSy EOciltrWlOn ne speech, however,,
was Erief and remarkable for nothing bat the raw
dictionary sentiment announced by the Speaker Of
destroying the institution as soou us il should be
created.
MIR. Benton was quite ultra. lie would not
care lie sal in his me aphorical style of speaking
"ihree jumps Of louse' for such charter The
bill should be GisemJowehed, its carcass exposed
10 the sun 10 rot,--ts entraHs dug out. In this
style Of speaking Mr.. Benton performed his sur
Tlcul OueratiOu upon the nutriuatet monster
The Sentiments were less Offensive, if possible,
than his horrible butchery of tho kings Eng
lisi and The dercncy of debate. Having eX
haused the interior of the animal the Senator
Went to the skin and bones of tho animal; now
pulling teeth like professed DENTIST now haying
Tie skins Of beasts, and anon curing them in the
pits of The tanner. Those who heard Mr.. Ben
ton for the first time must have flncied them
selves III Il Slaughter house in company with Il
wholesale slayer Of four footed beas;s
When all was said that was intended to he said
in reference 10 the general principles Of the bill,
the clause was retained i'll regard 10 snail notes.
which was struck from the bill, or rather refused
abundance TO il yesterday. As the provision now
reads the bank may issue notes of The denom-
inaton of five dollars, and Congress hereafter has
the power to compel the issue Of those Of the de
nomination OF $40.
The great question of the day was the iatroduc-
ton OF the Compromise principles, of which SD |
HiubH PCVH sal" w " w llic
give it to You in ihe very words in which il was
adopted ms presented 10 HE Senate by The Sena
tor from Kentucky.
And The said directors may also establish one
or more competent oliic1sOf discount and depo-
site in any territory or district OF The United
States, and in any State with, The assem-
of such STATE aud when established, The said
Office or Offices shall not be removed or with
drawn by The said directors prior To the expiration
at the charter without the previous assent of
Cougress Provided, in respect to any State which
shall not, AZ the first ses ion OF the Legislature
thereof held aferthe passage Of tbs act by resou-
aiQn or other usual legislative proceedings. uncon-
,liiionaH assent or dissent to the establishment Of
ouch office or Offices within il, the assent of The
State shall hereafter be presumed: and provided,
nevertheless that when il shall become necessary
and proper tor carrying into execution any OF The
powers granted in the Constitution, 10 establish
un Office or Offices in any Of the States Whatever,