Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-12
Correspondence Of the Baltimore .9psriea,,.
wAsuISeroS, July 5, lS4i.
UNITED STATES SENATE.
REMOVALS FROM OFFICE.


Mr. LINN then resumed his remarks lie Sus-
ges,ei that since the celebatcd resolutions OF Mr.
Clay ,htt Senator had not again brought forward
the subject The power OF the President 10 remove
from office was never brought mo CONNECT UNI, al
Ter the election OF General Jackson, when the hon
o.able Senator, who was not overthrnwn with MIR
Adams. again appeared at the head of the Wing
plrtv OF which he was the lille and soul. From
that time he had been the aSsaant OF General jack
son and had brought forward his resolution I'M
pe,ehing the conduct of the President That reso-
luton had been subsequently marked by the con-
demnaton of the Senate, a measure IN which he
had cordially concutrcd.
The expiration Of the hour arrested MIR Inns re-
marks, and the Senate took up the bill to ncoTPo-
THE UNITED STATES BANK.
MIR WALKER moved to amend the l7ih fundi-
mental ruc by requiring periodical reports OF the
notes discounted, with the names o parties, and all
other matters connected with the financial affairs Of
the Bank. lie stated that this proposition was IN
tended to embrace the substantial portions OF an
amendment offered some days ago by his colleague
mir Henderson)-snd emitting what had been re-
garded by Senators as Objectionable The Govern.
mcn had TO furnish great portion OF the capital, and
twas proper that Congress should have before them
the most minute Information from the best sources.
ENperng no such call is required by this amend.
ment the officers Of the bank would not toe sufficiently
careful against those practices which had caused so
much default and distress IN the country. tie asked
for the ayes and noes which were ordered.
Mr. KING suggested change so rs to require
the publication OF the information in some public
newsnaper as the moro convenient and effective
course. he did no. believe that any solvent man
would object TO a disclosure Of his name in connec-
ton with any transaction 10 which he was party.
Mir CLAY was very sorry 10 be obliged % vote
nsaIns, this proposition. lie wished TO know when
this bill would be disposed OF, II amcndmenis were
thus 10 be pressed over and over again. lie was a
friend OF publicity, and believed that too much myS-
terry had marked thccourEe ot the late Bank Of the
United States. The principle OF publicity pro-
crossing but he suggested TO gentlemen the pro-
priety OF going on gradually, and not rushing at
once from one extreme TO the other. The reports
required by the amendment would al twenty
lumes, and wha, printing JOB wou!d here be got.
w. lie though, the bill contained a.. provision
this subject which was necessary.
MIR BENTON said he had marked the progress
OF publicity IN this Chamber. Il was at frsI the
pr1cic TO sit IN legislative sessions, 10 SIT With clio
Scd doors. Now the people were allowed TO CON.
into the galleries 20 witness the legislative proceed.
ings and were only excluded when Executive bu-
sintss Wa gong 90. Three yeas hence lie belle
we'd uc practice Of Bank directors sitting 10 psroE
trarslc.trr business, would oe considered as sInsu-
lar q >pecllc E. .s We uow regard the obsolete pEsc
tce co. s...ln- here on eErsatIye business with clio.
sed doors IL is ihs mc-e trader who Is injured
by ll.s secrecy, l' % $ the VINO country. There
IS no .v-auuy - as that Of the BANK Varor.
Nj Benton s-I be wls-eG 10 see every ;hlnE
brought ya.c.6 tEG public, oul he was asion-sht-
tina, arv objection should be made. some onIsc-
ton ws5 made 20 tie sIasnse Of printing.
NJ WALKER had calculated .: i Could no:
N- BENTON-Tis easiest way ~, Re 10 ay
tie .cJa on TIE c0-u-es every morning, an he mo
10 - -rEE- --- Vs- POS -.1- ~ ADDING Ills pIo-
ys.9- . .a= --s5 G.. ia= amC.-usEi.
N- WALKER. without --cc rirrs chis IS : mo-
i5cl.o-, LFgsss-c Is intention 20 VOC 20 iavog O!
;le u1;rcl.
A,r CLAY @: Al5a-,, regarded this IS the
mes. .1r-rtast par, O. The -. de referred % the
5 --sry .-a which me cars we're mace 20 Wc.7
and Nczz; ard asked @: sly one believed that ME
y d. WOO q have -.z-s .Lgss 0aUs had Ike afflrs
O. the B-.E -esn - -Lz- lime Op=E - the pLuic-
IL c1-.sU1=- ;1a: the history q every uaoz o. lns
country would snow tie necessity Of r-l---:y !.
" expected % preserve the integrity OF these lus,l-
s...-.oas- e went over the facts connected with
tue arp5n.ult Of The Bank Committee, and tie
course ken 0y tn BlUE 10 reference 20 that Com
m.,,se. be hen adv1TtsL 20 the recent Transactions
in the L. ). Bank over which such veil Of nys,e.
- had been hung, that even The stockholders could
not mad out What haL been done With the eSL. hun
d'cd thousand dollars for which no vouchers could
be found.
MrCALHOUN would vote FOR TINS Amendment,
and every other, tie object Of which was light. IL.
desired TO see all the operations OF the Directors ex-
posed 20 the public eye IL was known that they
might issue orders 10 expand 10 one section and 10
contract IN another. lie wished these orders 20 be
made public. Information full and speedy ought 10
be communicates 10 the people.
hr ALLEN considered this a measure which
would place the farms and property Of a.. the agu.
cultural Interests not at the sposaI Of the Govern.
msu' but Of Corporation. Simplicity and publ.
city were requisite IN al. matters whIch reEu ate
the currency and the price Of labor. Your Courts
are CJmpe sa 10 SIT with open doors, aud GJass-
nc circumstances arc debated 10 open COlr, and
before the word. 10 this State, money loaned Gu.
Iv individuals mad been subjected % aTilon.
Voc down these amendments, said Mr. Allen, and
we Wi. make tie csrh quake under your from an
indignant people Popular sovereignty and publ.
cry were ~ the bottom Of the Democratic parry
IL conc ulCI with stating that he would em.Ody M
distinct proposition the substance Of what had fal
len fiOm Mr. Calhoun.
Mr. BENTON read a statement Of the loans
made 20 / Bidde nnd Co, nd the amount Of notes
rel cted. The remedy against repetition Of this
Is publicity. The Offering book must be kept o.
MrCUTHBERT res,ated the proposition. and
uIvcred 70 the ground ofobisction that public opin
ion had no. reached this point. Why then were We
urged forward with irnpetuosly 10 pass u measure
Of such importance to last for twenty yelrs7 Why
no. insert q provision 20 How from tine 10 time
such amendments public opinion may require /.
urged tha. the feelings Of individuals are not 70
be- wounded by the exposure Of heir private tiiIirs
Was this to be a reason for preventing those mel-
suTCs which would ensure q sound currousyi
MIR BENTON referred 20 the journal TO show the
proceedings concerning opening the doors Of the Sen.
ate ~ 1871, ,, IL was three years before this
question WIS carried.
MIR WOODBURY. called the attention Of the Sen.
ntg ~ the true state Of the question. IIe took ol-a
son TO repeat wh1i bad been done, when Congres,
sent a COMMITTEE 70 Philadelphia 20 examine mo
TIC condition Of the Bank, and the manner 10 which
they were trestcd.
The question was then taken on the motion lo
amend, end decided 10 the negative, ayes %, noes
p.
Mr. WALKER then moved to amend by proyid.
ing inat We BOOKS shall he open 10 any number Of
I'urkhO'ders above ten.
Mr. BUCHANAN hoped gentlemen ON rh1, side
o. the Seno'c would agree N ibis amendment
Mr. CLAG-uO Sir Cannot.
Mr. BUCUhNhN.-Ile had no doubt that IL
would be opposed by the Senator from Ksnt4rJv
Bot nothing could be more reasonable than this n.
mcndmcnt Ten could never unite for any purrgsc
Of mere curiosity. Under the present ehart5r. there
i5 publicity. uewas opposed % aIl secret sy-e.
ties.
The question was then taken on tho amendment.
nuI 10 was decided 90 tic aff.mluvc-Aycs "a
noes -.
Nr BENTON offered an amendment fsarrr.a,
that books shall be Kept 300 which list OF all ii,f
exchange li.rCd 10 the Bank shall De entered
The question was taken and decided DO the me-
gluvC ayes o. nays %.
Mr. WALKER moved 10 amend by ad8ir, d,
ths l7h rule requiring Hot The vote ON any discount
shall be taken by ayes and noes, and cnlced ON tH,
records.
Mr. CLAY considered the amcnJmon, to he uo
Necessary os tho Bill already provided that IN,
books shall be open 10 examination
Mr. WALKER Sold Uis Object was 10 fix the r.
fpDnsiJy Of improper discounts upon indlyduf
directors.
Mr. CLAY had no objection If t5s 1r,r.,.;,io