Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-23

Mr.. McROBERTS rose to state that he was absrr
when the vote was taken on the Loan Bill, but had y
been present he should have voted against t.
The resolution submitted by Mr. Buchanan, som
DAYS since, calling for the names Of persons remove
since the 4th March, IS4l, and amended By Mr. Nl1H
gum, so as 10 include removals made since the y
March, ls2o, TO the 18th March, cil, beng unde! COL
slderatlnn-
Mr. BENTON rose and spoke some time bcyoH
the morning hour against the principle Of the rtGi9'
of Government officers and INSISTED that polltct z"
fences were undefnablc, aad could not be brought VIII
in the rule prescribed by the late letter of the Sccreia
Of State directed 10 the officers OF the Government
Mr. LINN asked the yeas and nays ihe adopue
Of the resolution, but afterwards withdrew the cal.
The question was then taken on the adoption oi y.
! resolution and carried.
FISCAL BANK
The Senate then proceeded 10 the consideration
the bill to incorporate the subscribers 10 tie Fiscal a
Of the L. s. when
Mr. SMITH, Of Connecticut, rose and addressed "
Senate for near two hours against the general pTh1
Plies Of the bill, contendng that National Bans 50
unconstitutional and ncxpedIent.
Mr. NICHOLSON then moved al amendmcn' % y
effect that nothing contained in the bill shoud y"
away impair the right Of any State 10 tax the g
and personal property OF SAID bank including lis ~
due on account, lis notes, bills, bonds mortgage
tracts, and public stocks whether The same -,
possession under the immediate management q 4.
bank, or any person, agent. or trustee, III TIE :"
manner that States had the right 10 tax their own ~
tuons
Mr. y said The amendment similar 70 'ts'
fercd IN ci2 and by reference to thr Senate Jour
he found that there then - votes Tor u. ict1
the tao Senators from his own State. lie did ~. s.
the amendment with any view 10 Cypress the =
bnt simply because his State taxed ~ own ~
tons. and his object was to place tins bank on "
footing other State Institutions, and that thf -
should have The power TO tax it as high as 'n''
their own.
| Mr. CLAY hoped the amendment would n,
va the effect would be TO place the bank II 'tr
er Of the State. The Senator said the object 80
10 tax the bank higher than the State dad ~ ~!
Suppose any wd feeling against banks sh'u'
! them to tax their own so as 10 destroy tie"
States already had the power 10 tax the proper: ;.
bank and the stockhoder, but they had no T'9"' '
l the corporation itsei.
Mr.. BENTON said this question Of taxation
| been extensively argued II argued that thr :.
were sovereign: that when they came into t"t -
drraiion they delivered up part Of Their Sow.
power Among the exceptions which the STAT !"
to their right Of taxation, tins bank was no, ~
1t was true thu. the Supreme Court nodded ~
the idea that i free from taxation, baili"a5
true that their whole argument turned on 'ne y.
Unnecessary and competent" applied TO '''t -
bank. This decision, with reference 10 me O''
correct. They then went on and SAID lhe " H.
struc,ion applied to their branchcS Here W.,
/ ror. Congress decided II was peTfcuv INN INN, 81
| them whether branches were established III ~
or not By virtue Of The rights Of the States '"',
sttutons were taxable and II Of them cai .
the limits Of his State, it would be seen ""e''S'
had the taxing power ,o, n
! Mr. HUNTINGTON said If the p'op's','' 4
Senator from Missouri Garrett the a'il.
entirely unnecessary The Supreme Coufs ''oo~ a
Senator had said This was rather singular =, 4
r ing great constitutional question, that the ~
Court should nod. The question resolved W. I'm!
this, whether any of the twenty SIX .@,o.
power to destroy branch and # they were -