Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1841-07-31

some BUSINESS man as paper having good and
ecuiar credit, but the restrictions proposed oper.
ted alike on the holder, and he was as m uch gov.
rned by it as the drawer, endorser or accepior.
ir. Clay appealed to the candor of Senators If such
prohibition Yves not minus, and improper.
Mr.. WALKER proposed compromise, prohil-
ing members of Congress simply from having their
otes discounted.
Mr.. CLAY thought the compromise conceded a
God deal. He would vote for it, as an amends
lent to the amendment, but then he would feel
ound to vote against the whole amendment for
he reason he had given. There was no reason for
taking such discrimination.
Mr.. BUCHANAN pursued the argument in ia.
or of the amendment. One by one the PROPOSE
ons of the committee were in the course of being
ruck from the Bill. He had hoped tha, in rela.
on to members of Congress would be retained.
LENDERS of Congress from delicacy should wish to
under the prohibition.
Mr.. CLAY objected to out-lawing members
Congress or erecting Procrustean bed parlicu-
rly for them. 1t was said by the member of Penn
lvania that Congress might be called upon to take
/ intiatory step to wind up the Bank, and there
re they should not participate in its benefits. If
at was a valid objection the limitation would op.
ate on the Marshal OF the District, on the Judges
the Court, and on the Jurors, if you could find
1t who were TO act upon the case.
Mr.. BUCHANAN briefly re.stated his former OBJ
c,ions. He conceived there was a great difference
aween members of Congress and Judges; that no
dge should sit in judgment upon Bank in which
G was a debtor.
Mr.. KING Of Ala thought it was useless for the
inority to waste their breath, since the dominant
rty had the power TO carry out their own measures.
he Senate had abandoneda most important amend
ent this morning, and were now, he feared, about
abandon another. Mr.. Clay had said that as the
,per of the Bank to be discounted was to be busi-
,ss paper, none but business paper running 80
,ys could be discounted. This Mr.. King thought,
as not a good objection.
Mr.. CUTHBERT of Geo. asked the majority if
ey dil not desire that the Institution should have
e CODHueICe Ol Tue COuHuy. IL uiup tiley
lould court the najority,--court the restrictions,
stead ofrejecting them. Debate upon the amend
ent, as it seemed was about to be brought to
ose when i, opened afresh.
Mr.. WALKER of Miss. commenced long
eech in regard to the mal.practices of the late
ark. He said that two editors had received
an of Sl5l 900; that members of Congress had
cieved 500, ,OOO.-The temptations to loan to
lemters of Congress were thousand to one on
.e part of the Bank to loan to other citizens. The
eport of '34 was alluded to, and after readiug ex-
acts from this report, Mr.. Walker took up Mr..
lays speech of 1916 for the purpose of showing
lat the Bank had political influence.
Mr.. CLAY very briefly replied. What he said
1916 he believed. He though, the first bank h lad
political influence, but it was impossible TO make
~ human institution perfect in its character
ere more in favor with the Bank than members
Congress. Let him then prohibit editors and
ext 10 them the People themselves-( laughter }
~ including all, the Bank would no doubt be freed
om all political influence. The discrimination
!as a miserable one, but if it should be enforced
10 doubt Senators upon the other side OF the cham
er would feel as much inconvenience as Senators
,pon this side.
Mr.. CUTHBERT considered Mr.. Clay's repl,
s out Of place, and Mr.. LINN as an argumentun
ld abSurdem. Mr.. Linn spoke generally of tn
monetary power of the land, and remarked that b.
a,u the power of the Government was centere
iere.
Mr.. PIERCE of N. II. said it was apparcn
hat the amendment would be voted down-an'
hat the only remedy was repeal. His Legislature
had declared tha, to be the remedy y.--Members @
Congress would go upon their knees to obtain loan
if they could not obtain them otherwise.
In 1881, 50 members of Congress recei-
we'd from the Bank, $4,000
In 1892, A had $4,000
In 1888, so had 374,OO
In 1884, AZ had 25s,OO
sI,4i3,G0
was distributed in the way of loans to c23 neil
hers of Cosgress. Mr.. Pierce said he rose 10 sta
the facts contained in the report.
Mr.. CLAY said he would venture 10 say, that
this million and a half, more than one half went
the enemies of the Bank, and he knew, of his ow
knowledge, that the heaviest debtor was an opp
nent TO the Bank. So that if there was polite
influence, i, was likely to be pretty equally divide
The yeas and nays were then ordered upon &
amendment in regard to members OF Congress, Pl
hibi,ing to the Bank the power to discount the Nc