Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-07-13
SENATE.

from the executive IN answer TO calls for
information upon financial matters.
Mr.. Tallmsdqe psesentsd a memorial J.
from New York, in favor Of National I
Bank, signed by IS or 10000 votes
Laid on the table as were Ssvsrsl other
petitions on the same subject, and in fa-
vor Of Bankrupt Law.
tMr. Buchanan's call for a list Of removed
officers since 1929, was further discussed
bE Mr.. BeRton.
The Bank bill was taken up.
AIr. Henderson moved amendments 10
prsVent foreigners from holding stock in
The bank. Upon this debates arose, in
Ehicb MOssers. Benton, Calhoun, Pres
Ton, Bayard, Henderson, Mangum, Clay
of Ala. Clay of Ky. Walker, Smith, Of |
IA, Allen, Woodbury., and Huntington
took part. Decided in Affirmative 36 to
l6.
The bill was further. amended 30 as to
open the books OF Branches to inspec
iion
Mr.. Henderson. moved so to amend
ss TO give to individual stockhol-
dsrs theright TO inspect the right To
He wished TO do away with that secrecy
which had heretofore concealed so may
abuses.
MessrS. Huntington, Clay Of Ky, Mer-
rick and Kerr opposed, and MeEsrs. Cal.
houn, Preston and King supported the
amendment. 1t was LOST on yeas and
,nays,22 to 26.
-, HOUSE.
The Houss went into Committee Of
Whole on the distribution bill
Mr.. Clifford opposed the bill.
MIR. Msrrweather had been instructed
to oppose tho bill by the Legislature of
Georgia, and would vote against it, but
he ropudiated the reasoning Of Mr. Cliff
ford. ,ss
Mr.. Kennedy, Of Ind opposed the bill
though it held out bonus for the vote Of
his Slate.
Mr. Alvord opposed the bill He was
zsurs that Con. Harrison was not in favor
Sofit. He would oppose it,, and if rSaC
.,oul Of the Wing party for his vote, HI
would in turn read them out.
MIR. C. Brown, Obtained the floor 20
tomorrow.
SENATE.
July ln.-PetidonI were prOsente
t.hem South Carolina and New York, i
favor Of BankruptLaw.
Mr.. Benton laid OH the table call up
ION The Executive for The reason for rG
moving certain Western officers.
Mr.. Buchansnb resolution calling f
20 list Of removals from Office from 1873
to ls4l, was further discussed by Nj
PiSrcO
The Fiscal Bank bill was further cor
sidsrsd.
MIR. Rivss moved to amend the bill b
striking out the clause for the establish
men, of Branches in the State, and inseI
ling in its stead the clause in the Sc
,ctStary's bill relating to that subject, cor
ferring power TO establish Branches i
The State with the assent Of the Legii
l.tuIes, or in default Of such assent,
employ State Bank as jts agent with tn
apDronrton Of the Secretary Of the Trea
nrv. He expressed his views at lengt
in (.vor Of his motion and Of the bill S
amended. He quoted Mr.. Calhoun, Gel
Jackson, Mr.. Buchanan, and Mr.. Jeile
son, in support his views, und expires
ed his conviction that they accords
-with those of President Tyler,
Mr.. Clay called Mr.. r. to order,
.;nt,oducing the opnions Of the Preside
into the discussion.
The Chair, (Mr. White Of Indiana) d
.cidsd that Mr.. RiysS had not trGnSgres
ed. -.
Mr.. Rives. thought the question Of q
constituGsnality the Bank yet unsettl,
but the location Of this bank within Il
District removed all objection en- tn
ground, if the branching power was mo
6sd. lie believed that the late Bank
The u. States had been productive ofmO
evil than good--And that tho present b
contained msAy valuable imprOVomSn
upon the charter
MI. Calhoun declared that he nsV,
had confidence in the StstS Banks.
Mr.. Clay, regretted that Mr.. Rive
had offered his amendments. Thel
we're, he thought, about 81 in the Sci
ale. who thought the power TO eStablis
branches sxisted--opposed to the tw
Senators from Virginia. The concssSio
MI. Riyes ssksd was, that the q Shoul
60 over 10 the 2, and not the 2 tothe p
TWAS question Of power, Of bank .
no bank-and the concession would b
: Total rsIinquishmsnt Of the power
The Bank depended upon It's facultisl
moi ita name or location. II the amend
msnt prevailed, this Bank, having nobu'
mess faculty in the district, would b
powerless, except with the COZ
sent Of tie StaieS--it sanctions the doC
tfins Of efiseting indirectly that whic
cannot be done directly. With msr
vtata snanev NoDuvns. ,,,aVlI hawa IA