Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-07-13

'ha Tho whole proceeds of he sales be ,o, apa 70,
we increase and suppor Of the Nav This noble
proposition was rejected
Mr. J. Y Adams moved provision ths, the States
should pay their honest dehts wth the money but
this was lost
About O'Clock the bil wa, reported. and the prev
Gus question vas moved and ordered The question
recurring on the several amendments offered in com
miiioc, they were again rejected aud the bin was Il.
nsliy pass,d, yeas il6. nays los
Two members present, each side lost their
votes by being outside Of the bar
ghc vote 10 the Senate, according 10 prcsen, ap-
peafanoes, will be 90 for the bill snd 95 agains,n
In tho Senate the Fiscal Bank bi received the first
attack Of the opposition Mr. Buchanan opened the fire
IN an able speech Of two hours duration, IA which he
denied that the Bank could II II were created. rcgu
late either the foreign domestic exchanges. Paper
Exchanges could be made Of uniform value-thcv
must depend on the character 81 the institution that is
sued them lie adveued to the circulation of the ola
Commonwealth Bank Of Kentucky, which had fallen
at one time 30 per cent could that have been regula
ed to make It OF par yaluc Ilo denied that the
question ia regard 10 a National Bank was by any
means settled one, and he quoted from a speech OF
tie present Secretary OF t,c Navy made IN North Car
DINA, ~ which that individual asserted II false
! that Gen. Harrison was IN favor OF a National Bank.
lie denied that National Bank could prevent expan-
sioHs and contracons Of the currency. 1t would not
do II could, and could not II 1t would. II gentlemen
desired to produce these restraints they
power antaponis,cal The Bank Of England with all
her resources aud her capital could effect
That institution tried its power by curtalment, and in
proportion curiailed the JOINT stock companies *
banded, and the matter entirely given Up. Ii was
agreed the only way could be done would be 10 con.
fine the issue bank and place II under the
troll Of the government. II then, the Bank of Eng.
land could effect this measure, could be serious
ly asserted that this Bank with a capital Of only 80
millions, could restrain 300 or 1000 Banks
lie spoke Of its location being dangerous from ii.
connection with government and officers and SaIc
that il ought to be IN great commercial or trading
mart where II could benefit these interests. He NOV
ed to strike out the District Of Columbia as a location
Mr. Benton spoke long and loud against the estab
lishmen, of National Bank any time, or at an,
place Particularly the heel of the session. be
fore the representation was appononed. 1t was mon
strous to think Of Did they suppose the West woulc
submit to have oisted upon her public punderer no
only before she has her for 1910 but FOL
le50' She would never submit TO it. II was vain tt
talk him of vested rights under such circumstance,
it would do for feeling children, but must not be
preached 20 men of iron nerves aud stout hearts
Mr.. Walker said bad as the bill now was, the Sena
tor from Pennsylvania desired To make it infinitely
worse. Did he suppose, if he succeeded in striking
out this district, tina, the bank would be located il
Philadelphia No, such motion would not get tire,
votes fthe Bank did remain here it would be re
moved TO New York where it would enrench i,sel
among the stock brokers, Jobbers and gamblers o
Wallstreet. Bad politicians were, they still
better than stock gamblers.
The motion TO strike out lost ayes 90, nays 90
In the House nothing of Importance ,ranspired