Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-07-01

senlaion of Abolition petitions, which he
carried inlo the Hall in n banhox, aud pro-
ceeded for an hour and twenty minutes
before he got through, when he returned
thanks 10 The House for the patience mani. |
tested. Mr.. Hunt then called up his rcso.
luton of Saturday, relative to Na,ioual
Buuk, the motion being to lay i, on the 10.
BILE. This was lost, anil the reading of il
being called for. it was read by the Clerk.
The prominent features OF the plan are as
follows:
Amount Of capital S25,0O00 900; the Uni
ted States TO own onc-iilh thereof, 10 be
paid for in five per cent. stock ; one other
fifth thereof To be sold in open market, MOI
below par, for specie only; the Bank and
Central Branch To be located in the CIiy
of New York; the Bank TO be- governed by
n Board of Control, consisting oi seven
members, OF whom five To he elected by
tho Stockholders other than the Unitc'I
States, and Two by the Secretary of the
Treasury; the comptrollers TO receive sala-
ries, 10 DC paid by the Bank, and not TO be
borrowers from The Bank, either as princi-
pal or surety, the Bank nj its branches, 10
be a bank of discount, dcposite aud circu-
Iation; the remaining Sl5.U0O,0O0 Of the
capital 10 be held by the Bank, 10 be sold
in market not below par at the branches
COR specie only; The circulating notes .! the
Bank are to be made payable AT the Cen
trail Branch; loans TO be limited to oO days,
and not renewable; no loans 10 be made 10
the United States in amount exceeding
0nn nn6, A. T., fcI, ,,,S
per cent per annum; the Bank TO be obli-
ged 10 receive a, par, in payments. the cir
culating notes of all sopnd specie paying
bnnkS, and send such notes home 10 the
banks respectively; the public money 10 be
deposited wherever the Bank has branch
cs and The notes %! the B"uh To be received,
until otherwise ordered by Congress, in
payments To the Un:'cd States; suspension
ol specie payments TO work forfeiture Of
charter, duration Of The charter 10 DC thirty
years. &c.
1t was referred to the Committee Oh the
Currency.
Mr.. Wise now called up his resolution,
requesting the Secretary Of the Treasury
TO report plan Of fiscal agent aGlnst
which no constitutional objections could be
brought. This was opposed by the Wes-
tern Wings, and supported by Mr.. Adams,
MIR. Cost Johnson and Mr.. Sergeant, und
agreed TO.
The House then took up the bill making
appropriation TO the amount of 1897 ,5S9.)
lor The expenses OF The present Session Of
Congress, which was passed and sent TO
The Senate. The House then adjourned,
WAsnISGToS, June 81.
To-day the Committee Of Finance in
the Senate reported their scheme OF U. ).
Bank-and it is Bank out and out; i'll all
its main features the old u. States Bank
over. Ewins's proec, 10 gain over Tyler,
by concessions, and reconcile the measure,
TO some appearance at least, with his con-
slitu,ional scruples, are conlemptuoGsly
thrown overheard il was determined in
caucus, il is said, that the feature leaving
il To the States TO accept Ot branches WAS
at all hazards TO be stricken out. The
constitutional question is therefore markedly
blufIed up to Tyler. lfit passes Congress
in this shape, he canno, he lp ve,oing it,
The Wings mus, expect this or they must
have the mos, profound contempt for him.
Mr.. Ty!er's friends appear TO have no doub,
of his course.
The poor Secretary seems to have no
appreciation or sympathy from either his
friends or his foes. After MIR. Clay had
flushed his Report from the Finance Com
miilce rejecting his notions os TO U. 5.
Bank, Mr.. Calhoun commenced on his
Treasury Report, and continued the pro-
cess Of demolition and attritiou begun by
Mr.. Woodbury.-The fabr;cations and IN
vcntions Of this Report are absolutely dis
graceful TO Mr.. Ewing as man. DO not
be surprised, il in two weeks from this
time, the Wing party aud The present Ca
binct are dissolved. That is al present
the aspect Of things here.
Webster has courtcd all The Democratic
Members of the lIousc-a thing unhcard
Of before, anI Mr.. Choatc. it is said, op-
posed strenuouslv IN Committee The Bank
Bill reported by Clay. Ii is also rumorcd
that there has been high talk in the Cabi-
net on account of Bell, letting out some
Cabinet secrets. The President probably
has found out that he is more Of spy of
Mr.. Clay's than his adviser.
WAsHINGToH. June %.
In the Senate, to day, Mr.. Allen prcscn-
ted copy Of the proceedings Of meeting
composed of large number Of the citizens
Of Cincinnati opposed to a National Bank.
Resolutions were appended to the proccc-
dings, declaring that should law for i
charter be enacted, measures should be in
stanrly taken for It's repeal. Mr. Allen said
he concurred heartily in ,hc sentiments Of
the meeting, aud said that 50 SOON Us il was
announced 10 that body that bauk char
ter had received he signature Of the Pres
dcnt Of The United States. he would give
notice of his intention 10 introduce bill
for its repeal aud it should he followed up
with all the energies God would grant him.
until the repeal was accomplished. This
would warn all those concerned, that the
rights acquired under the charter, by those
accepting il. were not 10 abrogatc the rights
OF the people under The Constitution. lie |
then moved thatthc proceedings be printed.
Mr.. Clay ofky. rose with much warmth,
aud said he would inform the Senator from
Ohio. that the majority in that BODY were