Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-07-01


a suitry chamber. aud the apparent ex-
hauslion Of many of,he Senators. asked for
an adjournment. Mr.. Clay hoped not, and
hoped the question would be disposed OF
to night. There would be pressing busi-
ness before the Senate ON Monday, TO
which the Senate had by previous vote
resolved to adjourn. The bill 10 incorpo-
rate the banks of the District. aud probably
the report Of the Committee ON the new
fiscal agent, &c. The question was then
taken, aud the motion for adjournment was
carried.
In The House the bill 10 gran, S25. 900 TO
the widow of Gen. Harrison, was debated
all day, and nearly twenty speeches were
made upon it. About s o'clock. it was
taken out Of committee, and ordered to be
ensrossed for third reading-nyes 1872,
nays 66, aud the House adjourned.
WAsHlNGToN, une ID.
The Senate were not in session 10 day.
In the douse question was raised OH
the presentation Of petition TO revise
tariff, which. after discussion. was order
ed to lie on the table-ayes l30, noes CD.
Mr.. Adams proflered bundle Of Abolition
petitions, Tor which lie desired receipt
from the Clerk the House, buttheSpeak-
er deciding that the question Of reception
would be taken on each one as presented,
MIR. A. pitched them into bis hat. A bill
was reported from The Committee on
Ways and Means to defray the expenses
Of the extra session. A resolution was
adopted to appoint committee to Inquire
into the manner Of collecting iInposts at the
various ports Of entry. Mr. Barnard Of
New York asked leave to present project
for fiscal agent, but il was objected to-
MIR. Hunt oliercrcd resolution iastructing
the select Committee on the Currency, TO
report bill for National Bank TO be es-
tablished on Il plan which accompanied
the resolution. This was supposed TO be
the project Of Mr.. Barnard, and motion
vas made to lay it On The table. Several
members desired that the plan might be
read, but the Speaker decided it was not
in order, in ,ha, stage of The proceeding, TO
call Tor The reading. Before any question
was taken as to the disposition OF it mo.
ton was made for adjournment, which was
carried, aud the House adjourned a, three
O'Clock. From the opposition made to The
many efforts Of Mr.. Barnard at the present
session to take lead on the subject OF
National Bank, it is evident tha, the
Southern members have no great conf
dence in him; and the Wings generally,
aud the Clay portion Of them particularly,
are anxious TO prevent any interference
with the ban,ling to be produced in few
days under the auspices Of their favorite in
the Senate.
WAsHiSGToS, June 81.
In The Senate to-day message from The
President in reply TO the resolution Of MIR.
Preston, inquiring into the causes Of the re-
turn Of the Mediterranean squadron. The
correspondence completely eIouerates MIR.
Stevenson from all blame, and attaches il,
to Capt. Bolton Of the Brandywine, whose
conduct can be excused or palliated only
on the supposi,ion that il was caused by
mental alteration. Mr. Ptestoa aimed his
missile at higher game, aud coiId no, con-
ccal his chaSrin ut tho result5 but ven,od
il in growing at the occupant Of the very
desirable situation near the Court Of ST.
James, who he chopped, alter this affair,
when he knew nothing. he would say moth
ing" MIR. Sewer admitted that Mr.. Ste
venson should be censured a liule, for sup
posing it possible that with our present
very amiable Secretary Of State there was
any danger Of a war with England.
Mr.. Clay of Kentucky. said he was in.
structcd by the Select Committee on The
Currency to report bill entitled "a bill
to incorporate the subscribers TO the Fiscal
Bank of the United S,ates," and to submit
written report. The Report was read
bv Mr.. Clay, and briefly recapi,ulates the
provisions Of the bill, and argues elaborate
ly two material points in which he differs
from The project recommendedby the Sec
rotary. The report commences with de-
claring that tho establishment Of bank is
indispensable to The regulation Of the cur
rcncy, to facilitate commerce, and TO insure
to labor its reward. Its constilutionaliiy
was considered settled; its expedicncy
would not he discussed. An immense ma.
jori,y Of the people Of the U. Stales expect
the charter of Bank at the present scs-
sion. The old UnitcdSlates Bank charter
10 be the basis Of the new one; capital thirty
millions. which may be increased III fifty;
dividends, seven per cen,um, the deticien-
cy of one year TO be made up from the
surplus Of the next. all over seven per cent:
to 20 to the United States: loans and dis
counts not 10 exceed capital more than Is
per cent: its affairs open 10 the inspection
oflhc Secretary ofihe Treasury, Commit
tees of Congress and Stockholders; notes
not to exceed three times the specie in its
vaults; no paid officer Of the bank 10 re-
ceive accommodations and embeZzlement
by an officer of The bank to be punished as
felony. Mr.. Ewing's project required the
assent of the States as necessary to the es-
,ablishmen, of branches within their linn
its. Mr. Clay considers this unsound in
principle and dangerous in praIice. Con-
gress had u perfect right 10 exercise The
branching power, independent ollheSta'es,
and the lorbearance 10 exercise 1t now
would be virtual surrender OF il, and il
could never hereafter be resumed. Prcsi-
dent Tyler has iutimatcd on several occa-
sions since the meeting of Congress that
he could not sign bill! recognizing this