The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-07

/ MIR, MCCLELLAN now withdrew his motion TO
strlke out The enacting clause OF tho I'LL.
Mr.. WISE objected, insisting that when Mr..
Nice. rose to withdraw it, Mr. w was still upon the
floor
The Reporter could not distinctly hear the deer
sion Of the Chair in reply
MI. DEAN next obtained the floor, and renewed
the melton TO strike out. lie then went into con-
stutiona argument against the BILL and concluded by
very vehement Remuneration OF the course OF the
Wing party in introducing and pressing the bill.
Mr.. THOMPSON, OF Indiana, made an aigu-
menlatte speech deriving the power from the Constr
tuition itself and illustrating this view by tracing down
the hi tory of the Executive decisions in lis favor
from General Washington to MIR. Van Buren,, ana
he had not Committed himself against the consti-
nationality Of the hank He next insisted that the
people bad decided the question: and afterwards dis
cussed the expediency of the bank from the existing
condition of the country, and particularly the great
West. lie comtQned himself against all threats OF
repeal by confidence in the people and in the judi
| ciary.
Mr., ADAMS followed and detailed number OF
amendments, which, at the proper time he intended 10
oneI the last OF them being proposal TO strike from
the bill what has been called the compromise clause,
IN the sixteenth section Of the bill which he opposed
as unconstitutional nasmuch as il proposed that Con-
gress should abdicate power clearly conferred upon
II by the People, and comforting State Legislatures
power the People had conferred upon them,
VIZ TO assent or dissent TO law OF Congress ne
amendment in this respect, involved unconslitu-
uonal assumption of power. II contained the whole
poison Of notification and took the Government
back TO the principles of the old Confederation Mr..
A. very briefly disposed of the constitutional power OF
Congress to create a National Bank, and then went
into review of the former acts of Congress the
subject, and dwelt the beneficial effects which had
resulted from il, and the lesson taught by the evils
which had cnsued when the bank charter expired,
and was refused To be renewed.
Mr. JONES, of Md succeeded and went into a
very lucid and conclusive speech on the constitutional
question; after which, he made some remarks on the
doctrine OF State assent, involved in the compromise
clause TO which he seemed rather 10 incline grounds
of expediency.
Ailer pretty severe structures on the sub
Treasury, he concluded by setting at defiance all al
"empts at repeal, as certain 10 the public
Indignation which had hurled the late Administration
from power
Mr. lNGERsoLL followed in an ingenious speech
against The bill.
Mr. BARNARD next addressed the committee IN
discussion hrst OF the general principles of bank
ing, It's evils and The appropriate remedies and then
the application OF these principles to the bill.
Mr. HUNTER went into IA speech ia which he
treated the subject of banks in general principles Of
political economy their effects the distribution of
the profits OF production between capital and labor
He'spoke then on the compromise clause, which he
opposed with great earnestness.
Mr. PlCKENS obtained the floor, but Welded il
Mr.. UNDER WOOD, who OPP osed the bill ex-
pressing his decided preference for a bill for an old
fashioned bank contendng that Iftha could now be
obtained II better to wait He proposed several
amendments, which he e1 planned.
On his resumlng his seat, lud cries for the rising of
the committee were uttered mingled with cries OF No
- No"
Mr., ROOSEVELT obtained the floor
division showed that quoru n was present !;
whereupon the committee and reported that fact
to the blouse.
A motion made TO adjourn
MIR. LEWIS demanded the yeas and nays
Which being taken, disclosed the same fact, that no
quorum in the Hall
And then, at about half past ten O'Clock, the House
adjourned