Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-08-10

HAi' AAuu'luStOu plOpOSGu 10 SlTike OF
the Limitation prohibiting the issue q
notes Of smaller denomination fha
/ $40. Messrs. Woodbury. and Buchana
opposed it. Mr., Bayard submitted a pro
VisO that Congress might hereafter i'm
pose the restriction. Mr.. Tappan con
sldered it proposition TO grant power {,
Congress TO legislate-a matter b,
thought not derived from a Bank char
ter, but already secured by the Constitu
tiOn.
Amendment lost-Ayes 25, nays 25.
Mr.. Walker proposed an amendment tc
give the election OfdirectOs to Congress
The proposal was heretofore argued al
length by Mr.. w. and again more elsbo.
rately to-day with some new points and
topics Of illustration.
Lost-yeas 7, nays 35.
Mr.. Linn proposed an amendment dis
qualifying the managers Of the late Bank
who voted the exclusion of the Govern
ment directors, from participating in the
duties devolVed on them by the charter.
Lost--yeas II, nays %.
7 Mr.. McRoberts offered an amendment
disdualifying those directors who had ex-
cluded the Committee of congress from
the discharge oftheirduties when sent to
examine the BsEk-adding some ad-
dilional provisions to guard against
future violations of the charter by
directors, and to subject false swearing
on their part TO the penalties of perjury.
Lost-yeas l3, nays 2s.
Mr.. Smith of Connecticut proposed an
amendment declaring that so,much of the
constitution and of the laws of the United
States and Treasury regulations as apply
to money In the Treasury, shall apply to
the money of the Government in the
Bank. -,.... ......ta
Lost-yeas 2l, nays 81.
Mr. Smith proposed to prohibit loans
over $4,000 TO individuals or corpora
tons, while loans for smaller amounts
we'll secured, are tendered-ayes 81,
nays %.
Mr.. Benton proposed an amendment
to exclude members of Congress from
being Bank directors during their term or
for two years thereafter, or from being
the agents or attorneys thereof, or re-
ceiving gratuities therefrom.
Lost-ayes %, nays 20.
Mr.. Tappan submitted provision as
serting the right of Congress TO repeal
the law establishing the fiscal agency for
The government in the Bank.
Lost-ayes 81 noes %. .
Mr. Walker offered the following as
an amendment to Mr.. Tappan's repeating
amendment: ''5's .'at
"And propided, That no person shall
be deprived of any property held under
said act by such alteration or repeal, in
any manner repugnant to the fifth arti.
Gle of the amendments to the constitu
lion OF the United States" ND
Mr.. Walker offered the above as an a.
nendment TO the amendment proposed
BY Mr.. Tappan. He then stepped into
he Library.room for an authority TO read
n favor ofhis amendment. Although he
vas absent less than five m inutes, the
,ote on the conclusion of some remarks Of
Mr., Benton, was Unexpectedly taken on
Mr.. Walkers amendment, and it was re-
ected. e'
Immediately after the vote was taken
Mr.. Walker returned to the Senate with
lig authority, and il being too late to Te-
,ord his vote, stated by the indulgence
IF The Senate, the facts, and delared that
t his amendment to Mr.. Tappan's amend.
nent had beenadopted, he should then
rave voted for il.
Mr.. King moved an amendment exclu-
ling the President, Heads ofIhe Depart
nent, and the Judges Of the Courts ofthe
United States, from loans. Rejected
Ayes %, nays 81
Mr. Kings proposition was predicated
lpon the fact that the officers in question
would be called to act upon and decide
various matters affecting the hterests of
he institution. The proceeding by scire
facias TO forfeit the charter would be de-
liberated upon by the President and the
cabinet, before il could be instituted, the
Judges of the United States would try
The canSs. Judge Marshallhad felt the
impropriety ofdeciding on questions af'
fecting the Bank while holding stock in it,
and disposed Of what he held before try
ing lis cause. The relation Of debtor
to the Bank, is one Of much greater de-
pendence on it than that Of slOckholder.
After the amendments were disposed
Of, Mr.. Morehead Of Kentucky moved an
saying that he wished 10
deliver his views on the merits Of the
bill.
Mr.. King of Alabama suggested that
now, as the amendments on both sides
had been disposed Of, il would be well,
before adjourning, TO pass ID bill 10 its
third reading, the stage at which il would
be fully open for debate, but no longer
exposed 10 amendments. Almostall,ihe
public will preceive, have been voted
down by the friends Of the bill as cuptiOus
and Mr.. Clay again and again threatened