Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-08-31
WASHINGTON, August 2I.

he Dill udNS hot nuch confidence i'm
efficiency: but they think L will
ere TO hdrmonize the party; and lead
D something better hereafter. The
aclusive friends Of the Presidpn,
asniiest the strosgest repugnance 70
citing on any bank project, at this
ession. The Madisonian protests
gainst hurried and party LEGISLATION
% the subject There is a Good denl
nrdly suppressed hostility of reelinr
here between the friends of Mr.. Cla9
md Of Mr. Tyler, and we may exnect
psee it break out, in the discussions
ithe question. The cabel or kitcb-
en- cabinet, who, as Mr. Clay saws. as
oire to rule the President and 10 form
4 third party, will soon shew all tho
iorce and influence that they can mus
ter.
Mr.. Sergeant as chairman Of the
committee on the currency, reported
the new bill, and moved it as substi-
mte for the fiscal bank bill heretofore
exported from that committee and sill
before the committee Of the whole ON
he State of the Union. The bill i
entitled a bill to provide for the better
collection, keeping, and transfer of the
mblic money by means of an institu-
ION 10 be styled the Fiscal corpora-
non oCthe United States" The term
bank is not TO be employed in the bill.
The institution is located at WASHING
Ton, with power to establish agencies
or employ agents at pleasure TO deal
only in exchanges, foreign and between
the States, to make no discounts, to ex-
Isl twenty years, to have a capital OF
twenty one millions, seven to be sub
pribed by the government and the
rmainder by the people, with a pto-
vision forthe ultimate increase of the
apital to thirty-6ve millions. The
assent of the States is not required TO
the establishment of agencies or bran
ches.
The iortiGcatlon bill was taken un,
and the Senate amendments were dis
posed of, after much discussion.
The Mcleod resolution, after lying
3ree weeks on the table, was again
AIKEN up and discussed, and the house
riused to lay it on the table. So the
t.cussioh will be continued TO day.
The Senate resumed the consider
ion of the land bill, as in committee
oithe whole, and ain attempt was mnde
to sit out the opposition, who delayed
he bill with numberIess amendments.
Misunderstanding. 23.
At 10 o'clock, yesterday, the house
r.umed the consideration OF the Fis-
,3l Corporation bill, in committee o
The whole, and Mr.. Marshall, of Ky
smoke an hoOr in support Of the bill
Ills strong evidence of the populari
(which Mr.. Marshall has been obtain
ID here that he drew the fullest gala.
-es that we have had in the house thi.
session. Many Of the Senators also
we're present. Mr.. Ms speech wa.
yery conciatory and respectful toward:
me President, though lac handled Mr.
Wise's views and arguments witt
some severity bat in perfectly gooC
,emper. He reviewed the veto mes
SAGE. ard drew from ii the Inference
aat the President would certainly
agn this, as it obyiated all his objec
nous, would give peace to the country
and union to the country. He had no
himself voted for the bill which Ih'
president had rejected, and there were
many strong objections 70 it. ID
greatly preferred this bill. lie hat
never considered a bank 10 lend mon
ey as one of the necessary means o
carving out the granted POWERFUL
bank Of exchange he had advocated a
5mc. He replied to the remarks
gnicb Mr.. Wise had made on tn,
course of Mr.. Clay, with great poin
and success, snd concluded bis speech
Mtha high wrought and eloquent eulo
GUM on thatg great man.
Mr.. Gilnaer commended that this bil
va, the same in principle wiih tn
Hn which the President bad return
ed.
Mr.E,erett preferred This bill great
Flo the bill which had been returned
Mr.. Cost Johnson was in favor OF ID
bin, and gave it his preference over
Bank Of Discounts, and he lnslsIe
datthe President would sign IT,
be did not, he would answer for on
Wing State, Maryland; that she woul
disown and repudiate him.
The bill was finally passed, yea
l25, nays Of, and sent to the Sena'
for concurrence.
The Senate has atlength, broug
% conclusion, the debate on u
Land bill, and passed third reading
The majority was unexpectedly iarg
yeas 2s, nays %, one Senator, ~
Smith, of Con, absent. Every w ID
Senator, except Mr.. Preston vote
Tor the Bill Mr.. Berrien's amend
uent was so modified by him as 10 pr
vide that the distribution shall ceas