Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-07-22
Conversational.
Correspondence Of uc Charleston Mercury
WAsaISeroN, July 2.

In The Senate 10 day communication
was received from Mr.. Hassler announ-
ciuc the completion ofthe series OF stand
ard weights, which were ordered by Con-
cress some years since. The resolution
respecting removals from Office was deoa-
ted by MIR. Linn. his remarks consisting
almost entirely Of extracts from speeches
by Henry Clay in opposition 20 removals
from Office. and some Of them denying The
constitutional power Of the Executive 10
make such removals. The Bank bill was
then taken up. and Mr. Buchanan occupied
,be floor for upwards Of TWO hours III
most able and eloquent Speech in oPposl-
lion to the measure. He analyzed with
much minuteuess the report Of the select
Committee in lis favor, and exposed The
utter iuefFiciency OF the restrictive prov'-
sious TO prevent repetition OF the abuses
perpe,ra,ed by The late institution. IN the
course Of his remarks he commented freely
on the evils likely 10 grow out OF the inti-
macy between the officers Of the Bank:
and the officers of Tho Government and
mcmbers, occasioncd by the location OF
the Bank 10 this District, and ar the close
of his speech he moved TO strike out The
District of Columbia from the Bill This
was supported by Messrs. Benton. Wright,
Woodbury., Clay Of Ala. aud Allen. MIR.
Calhoun was opposed 10 locating the Bank
within the District. IL was either TO give
the Bank a coulrol over the Government.
or the Government a greater control over
the Bank. lie wouldvote for The motion
TO strike out, and then he would endcavor
10 have fair play, hy giving the South her
share. He thought New Orleans would
bc the best location. He would like TO
have il as far off as possible from the iu-
fluence Of Inc National Legislature.
MIR. Benton con,endcd that Ncw-Or-
leans, above all others, was the place for
The location oil Bank, if one was to be
established. She was the outlet of tho
products Of the Grea, Valley ofrhe Missis-
sippi. Three-fourihs Of all our staple ex-
ports are shipped there. and i, is the ex-
ports ,ha, support this Government by
paving for the foreign goods upon which
duties arc levied. New York was objcc-
,iouable in addition TO the other reasons nd.
duced, because from her intimate cnnnec-
ton with Europe, a, every alarm of foreign
capitalists, she was liable to be drained OF
her specie. New Orleans was the mart
from which almos, all our domestic staples
are shipped 10 foreign ports, and the place
OF the greatest importation Of specie from
foreign countries. New York is the place
ofimport for almost all the foreign goods,
and the place Of export for our specie to
Europe.
Mr., Calhoun said If there was to be
Bank, il should be south Of Mason and
Dixon's line. The value ofexports Of the
TWO States OF Alabama and Mississippi
alone are forty or fifly millions Of dollars
per annum, nearly one-half Of the whole
domestic exports Of the United Sia,es.-
The imports have had the bank long
enough, and il was time the exports had It.
The question was then taken on striking
ont, and decided in the nega,ive-ages 20
noes %.
Mr.. Calhoun then moved 10 strike out
The District OF Columbia aud insert New
Orleans.
MIR. Benton seconded the motion. and
advocated il q, considerable length. 1.-THE
Bank gave undue advantages to The sec.
,I,n in which it was located he claimed
them for the valley Of the Mississippi.
Ilr. Calhoun said he wished it 10 be dis
,incl!y understood tha, even If this motion
was carried il would not in the least abate
his aversion TO it.
MIR. Benton. Nor mine.
Mr. Calhoun continued. He wished no
exclusive advantages for his own section;
he was opposed TO granting them TO others.
All he and The South wanted was fair play.
Mr.. Benton followed, and asserted that
the greatest enemy TO the North and South.
which il was in the power Of man 10 in-
vent, was Bank Of the United States 10
be located north Of the Potomac. He re-
ferred TO the operation Of the late Bank OF
the United States, in draining the South
and the Wes, oftheir specie, and, in sup:
port Of his views quoted the testimony OF
the late president Of, the Branch al Charles.
ton, which was contained in report OF
committee Of the South Carolina Lcgisla-
,ure OF the last winter. The extract was
as follows:
"From 1919 to 1925 tho drain Of specie
from The banks Of the South by the United
States Bank, was so great as 10 pnralyze
the whole energies Of the Southern coun-
try. IL is admitted by the president OF
The latter Bank himself, ,ha, in fourteen
years he drew from the banks in that quar-
ter twenty-five millions and half, for the
mother Bank and for the branch at New
York. while, during the same period, he
sen, back less than million, Al single
operation, in order TO assist New York
alone, i've millions OF specie were sent to
her aid, and, in The language Of MIR. Elliot
president Of the Charleston branch. 1.-The
immediate operation Of the measures OF
the United States Bank has been to cause
the banks in this city fChsrlestou) TO sus-
pend AL business. From The Bank Of The
State alone, the sum Of one million and
half was wrung in the course Of few
years: aud the import trade Of this State,
which, in the ycar,l795, with a population
Of but 10000, was about one million six
hundred thousand dollars, was reduced, in
1880, to near one million, although the
population ofihe State and the value Of its
exports had increased more than fourfold.
Before this action of the United States
Bank had commenced, the imports into
Charleston were as high as FIVE millions,