Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-28
CONGRESS or THE UNITED STATES.
Core tpO adsnee Of TIE Baltimore american.
WANISeros, July -, 1911.
UNITED STATES SENATE.


calling Tor copies Of correspondence relating TO on
commercial relations with Sardinia and other ma
tons, were considered and agreed to.
BANKRUPT BILL.
The Bill TO establish n uniform system of Bank
rupicy read third time, and the question being
on its passage,
MIR rALLNADGE made some remarks for the
purpose OF inviting Seniors on the other side who
had voted against the enGrossmont, to give their
votes Cor the passage Of the bill. He wished to see
on one question, which concerned the unfortunate
OF our cilizens for the sake Of the moral inu-
on the community DISPOSE ION 10 rise above
the sphere Of party feeling and TO give unanimous
vote. He appJcc atcd the motives Of those who had
endeavored to introduce corporations and although
he differed with them the expectancy OF this u
mendmcnt, had il been successful, he would still
have voted Tor the bill.
MIR TalImadse then proceeded TO take a view OF
the distinguished feature ola bankrupt law IN order
To show that il could only properly be applied TO
natural persons. IL was impossible TO imprison a
corporation and though the feature of the bail which
releases from imprisonment could have no reference
TO artificial persons corporations, there 9th
or points to which he referred as equally inappca-
bic. He concluded with declaring that he would have
voted for the hill If corporations had been includ-
cd, and he hoped gentlemen on the her side would
come forward TO support the bill although corpora
lions had been omitted.
MIR BUCHANAN said she could feel rs scnsibly
for the distressed any one. But he was compeil-
ed by sense of duty to vote against this oil; and
rence for his justification. BE believed that the
number of bankrupls had been greatly ovcrriled,
but taking that number to be correct, had not the
States the power to pass bankrupt liws7 The CT
tizens of New York therefore could obtain relief
under their own laws. This bill opens the door TO
nil IN nknd get clear Of every debt contracted in
The United States.
He disclaimed an intention TO depreciate the bill,
but he was satisfied that there were strong objec-
tons 10 IL. He referred to the former bankrupt
1,vv birh hunt tied q nv RFfn he
term had mere than half expired, 1t w1s repealed.
In every instance the inethcIency Of the bill was cs
tAblshed.
MIR WALKER made some observations in reply
to Mr. Buchanan, showing that the old Bankrupt
Law was n compulsory bill, such a bill the
friends OF Mr. Buchanan and himself were in favor
of He also explained the cause Of the opposition
made to that bill by portion OF the citizens OF
Pennsylvania, originating in a feeling OF envy cher
ished by the interior against the city ofPhiadelphia
He pointed out the defects which he discovered in
the argument OF the Senator from Pennsylvania,
and insisted that the bill would impose the judg-
es no labor beyond that which they were bound to
contribute.
MrBERRIES then spoke in reply to the remarks
Of the Senator from Pennsy lvania. He did not at
tempt designate the exact number OF persons who
are now bankrupt, and he requested gentlemen not
to regard this a solely for the relief OF
baAkruplS. He drew the inference from the case
which the Senator from Pennsylvania had taken
TO show that The number had been overrated, that
he inf Ience Ia his course by this Circumstance,
and that he wound 60 for half a million what he
would not do Tor a hundred thousand citizens.
Mr. BUCHANAN denied such intention or argu-
ment.
MIR BERRIEN expressed himself unable TO trace
his argument 10 any other motives. lie then wen;
on to reprob,te this ground OF argument, and to
show how inadequate all State legislation on this
subject was to ploduce any benefit He reciied
what was eXacted from the bankrupt before he
could obtain the benefit of the provisions of this law
and then enquired If the bill was not drawn up as
much Tor the benefit Of the creditor as well as the
debIorl He regarded this bill as an improvement on
the old bill He earnestly expressed the hope that
the discussion would now he brought 10 close by
the passage Of the bill.
BUCHANAN said it was not necessary to ex-
ercise a power because possess il. Power is
one thing and duty another. Because we have pow
er 10 declare war, il did not follow thatwe are wise
in declaring war. The question Ofe pediency was
vested in the sound discretion Of Congress
The question then taken and decided in the
affirmative, ayes &C. noes %.
So the Bl was passed.
UNITED STATES BANK
The Senate then resumed the consideration Of the
Bill 10 incorporate the subscribers TO the Fiscal Banh
Of the L. States.
Many of the amendments were concurred in.
On the amendment which renders stock 10 be ina
lienable TO foreigners, MIR CLAY said he could no
agree to this because il lessened the value Of the
stock.
carng that If it stricken out, the clauses ex.
GLIDING foreigners would be rendered entirely nuga
tory.
Mr. HUNTINGDON said this objection coul,
not hold good, and opposed the amendment.
The question was then taken on concurrng in tht
amendment, ayes &c, noes %.
On the motion 10 concur in the amendment giving
TO any ten stockholders power to inspect the dis
count and other books,
MIR CLAYTON objected to the amendmen.
he Iad tkplv In IN
Bank.
MIR WALKER defended the amendment.
Mr. CLAY Of Kentucky, reiterated that the char
ter Of this Bank was more restricted than that O
any other bank in existence. He stated objections
10 the anne Omen. He moved TO amend the amend
ment by adding "who shall hold 500 shares Of thu
stock OF the said Bank, and who shall have held thu
same for not less than three months"
The question was then taken on the amendmcn
10 the amendment, and decided in the negative, aye
25, noes 25.
MIR PORTER moved to amend the amendmen
by adding leach Of whom shall not hold less thar
FIVE shares"
The amendment to the amendment was agreed
The question was then taken on concurring If
the amendment, which was negatived. Ayes "a
noes &c.
So the amendment was not concuued in.
The Senate then adjourned.
HOUSE OF REPRESENTATIVES..
Several petitions were presented by various mem
bers praying for tho passage ola General Bankrup
law, and for the establishment OF a National Bank
The previous question moved by %.r PROFIT
yesterday, was seconded, and
On the motion Of MIR McKEON to reconside
the vote creating the Tariff Committee the yeas anC
nays were ordered, and the House Bgred 70 re con-
slider, yeas LOG, nays 90.
MIR J. p. KENNEDY moved that the resolution
be laid on the table, which was agreed to-
Mr. KINGS re so utlon authorizing the Secretary
Of the Navy to inquire into the expedisncy Of aid
ing individuals or companies, IN forming lines OF arm
cd mail steamers, 10 run Between the i.fcut port,
Of this country, was then ca led up,
Mr. CAVE JOHNSON asked for the yeas and
nays on this resolution. " hich were ordered.
Mr. IRWIN moved m amendment to the resclG.
ton, authorizing the Secretary inquire INTO the ex
pediency oil establishing shp yards az some point,
on the Ohio and other Western rivers, to serve al
naval depols for stores and on the Lakes. and tr
provide armed steamers for these waters, prepared
for active service whenever hey might be rcuuir.
ed.
In supporting his resolution he alluded 70 the grea
preparatrn IN ornaments made and m king b,
Great Britain, on the Lakcs, and said she fad ertho
immediate or ultimate objects which % UehOOye,
this government TO be ready, in any Contingency
10 meet. lie said th8t the interior Of this Countf,
was always prepared for war, and that we ha,
voted millions for the defence Of the scaholrd al thI
session; while the Western frontier was who'll,
neglected. lie deprecated this apathy on tie par
Of the government towards the frontier As thi
was a mere resolution Of inquiry, he hopedit wouI
meet with no opposition from members.
The morning hour having expired, Mr. CUStI
ING moved that the House 20 into Committee O
the Whole, which was agreed to, Mr. GUSHING
Dir-rtEs Ann DpAupACRg