The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-08-14
BANK HISTORY---Mr. TYLER'S PAST
- Il n. -L-t- .- OPINIONS. IL-

While the bill to renew the charter of the late
Bank Of the United States was pending in the
Senate in 1882, Mr.. MooRE, "a supporter Of
General Jackson's administration from Alaba-
ma, moved as an amendment an additional
section providing that SIT should not be la,eful
to establish branch in any State qoithout the
assent Of that State; that the capital of such
Bank shall be subject to taxation, in like manner
with that of the State Bank" &c. .... ..
This proposition was supported by Mr.. Ben
ton, of Missouri, Mr.. Kane, of Illinois, Mr..
King, of Alabama, Mr.. Miller, of South Caro-
lima, and particularly and ably by Mr.. Tazewell,
of Virginia. '"
1t was opposed by Mr.. Buckner, of Missouri,
Mr.. Chambers, Of Maryland, Mr.. Clay, of Ken
lucky, Mr.. Dallas, of Pennsylvania, Mr.. Ewing,
of Ohio, Mr.. Forsyth, of Georgia, Mr. Johnston,
of Louisiana, Mr.. Sprague, of Maize, and Mr..
Webster, of Massachusetts,.
The following is a list of the yeas and nays,
on a motion 10 strike out so much of the amend
ment as required the assent of the States
YEAS.-Messrs. Bell, Buckner, Chambers, Clay,
Clayton, Dallas Dickerson, Ewing, Foote, Forsyth,
Frelinghuysen, Holmes, Johnston, Knight, Naudain,
Poinderter, Prentiss, Robbins, Robinson Ruggles,
Seymour, SiIsbee, Smith, Sprague, Tomnson, Wag-
gaman, Webster Williams-2s
NAYS.-Messrs. Benton, Bib, Brown, Dudley,
Ellis, Grundy, Hayne Hendricks, Hill, Kane King,
Mangum, Marcy, Miller, Moore, Tazewell, Upton,
White-1S
During the same discussion, (viz. June S,
1922 Mr.. TYLER supported a proposition to
limit the interest on loans and discounts to five
per cent ...... ... ...
"While he felt to vote against the
recharerng of this Bank, If it is pass he wished
protect the other interests of the community against
evil" .'."
Early in the year 1884, the Committee on
Finance in the Senate were instructed by reso-
lutions of that body to investigate the affairs
and conduct of the United States Bank. After
whole summer spent by the Committee in la
borious investigation, Mr.. TYLER, in its behalf,
made long, able, and elaborate report adverse
to the Bank. .a 1853 , .l-. ...
The following is a part of the concluding par
agraph Of that report:
"The committee have now fulfilled, as far as they
were able the highly responsible duty imposed upon
them by the Senate. In the investigation which they
have made their only object has been to arrive at truth
and to award justice Their opinions upon the sub
jec of the Bank are, by the whole country known to
be variant by some Of the members of the committee
the opinion has been uniformly maintained, and con-
lnues wholly unchanged, that the creation Of the
Bank was violaory of the Constitution; they would,
therefore desire to see the charter expire Others
the committee entertain different opinions, in the main
,enance of which they have been equally inAexible"
In the Senate of the United States, February
"a, 1884, Mr.. TYLER addressed that body with
his usual ability against the removal of the depo-
sites. His remarks, however, were qualified in
the following manner: .'
al am against the bank, not because il deals in ex-
changes to the amount of $25O,OOOOOO. No, sir,