Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-07-01

Eie referred also le En- elaborsie pamphln,
shieh had reached HIN since The con-
nsnesment Of The session. aud vas gong
n 70 make further eomments. when he
YES arrested BY the expirsiion Of the hour
lllctled 20 morning busiaess.
UNITED STATES BANK,
The Senate then proceeded TO the con
,ideTalion 81 the Ball TO incorporate iha
,ubscrIsers 10 the Fiscal Bank Of the L.
Siaies-
The 6rsi section. having been read.
Mr.. Clay rose 10 make some supple
nenial explanations IN addition TO the re-
port already made. without going into the
question Of the CoastiluiioBslily or exPe,
disney Of the Bank.
ar. Clay spoke nj length upon the sub
iset' 10 eouelusion he referred 10 the
last clauses Of the bill and in'referenee
70 the provision Of punishment Of oGsnees.
be stated that Il was the spseulafion Of
the U. States Bank IN cotton which Vas
the cause Of i,s embarassments. He
iook . passing view Of the mode in which
the old Bank Of The u. 8. had operated
on the local Bsnks. oeeSsioninR 10 them.
IN MANY cases. much cause for COMPLAINT.
and IN ZONE cases the ruin Of institutions
snd stated that this bin obviated that ssil.
II had been objected that National
Bank Was favorable 10 the creation Of =
Public Debt. and be replied by the fac.
that when the old Bank went into opera
ton there existed debt Of l20 millions
which had been gradually extingushed
with the aid Of the Bank. As 10 the Ia.
riiI. We hsd. had high and low Tariff, bu,
the CompFonise Act Of 1893 took place
while The Bank was 10 full vigor.
Could the capital be taken, the Bank
vac 10 60 into opeTstion when seven mil
lions we're subscribed. oE the lsi Of J8nu
Sry. The Secretary Of the Treasury wa,
authorised 10 issue stock redes msble IN
6fieen years az D per cent. The bond,
would obtain . par price abroad. and thu,
ten millions Of specie would be broueh,
into the eouRiry. or might be drawn Tor
by bills Of exchange. He further stated,
from uDquesiieDable autbofiiy. that there
was dormant capital nov lying idle which
would Al onee be invested IN coy Bank
Of the u, States with q suitable charter.
The instalmen.s were such as 70 prevent
any sudden and iniusioos drain Of capital.
The country demanded an ins,iiution
Of this character. and Il was not 10 be re-
1arded - exclusively = Wing measure.
There are two classes Of opponents on
igeoersi political views. who are convinc-
ed OF the neeessiiy Of some institution, or
who are only WsItihg ua;ilihe opinions
Of their constituents shall have undergone
q change. He had received many schemes.
One Of ihese suggested capital Of 300
milllons. He looked ct the amount OF
the capital. and then carefullr fled il
away. Anoihef had been presen,ed bv
. membero the Society Of Ffiend., which
looked 10 grand National Bank With no
mcney but such a. Congress- might from
time TO time appropriate. He called on
genllemen 10 look 70 the public Interests.
aad 10 act with deliberate wisdom and
patriotic spirit.
Bic. Cslhoun wished for little more
time TO look into The Ball, aud would move
10 poslPoNe the farther eonsideraliou Of
the ball unil To- morrow. He eomplimen-
ted The Senator or The fairness vita which
he bad stated bis views In advance. He
denies that the public feeling 50 Ear as the
SouiheFE Whigs ere concerned, wa set.
Ting down in lavae % National Bank.
eIf. Mnngum stated that in North Caro-
Inns. be bed Il from indispa,sbls suihori-
~. there was not one Whig IN Eve thou
sand who vas not 10 favor Of National
Bank, snd about ens bali Of the other
party. He called on bis eoIleaRus to saw
II such was not the fact.
Mr.. Graham eorrOboEated what had
fallen from his colleague.
HOUSE OF RBPRESEHTATIvEs-JUME Is
/ Dir. Adams, from the Select Commit.
tee on the removal Of The remsins Of Ge-
neral Harrison from the CoRgTesS bOTyipg
/ ground, reported the following:
RsssiSsS. That the Conmiiiees ffom both
Honsssbe auIherisea 20 experimenting renewal
q said remaios fFon he congress bufyipE
grouad, n eo1Bexioa with he Committee ap-
pointed b. the eiIizsns Of ciHeinnad fer said
ipaFpots, and vhsa ihis tIouse adjoaTn il adjourn
10 meet % Mosday hext.
The Eesolaii0n was adopted end sent TO
THE Senate.
Mr.. Briggs moved Iha, the same Com
milies which reported the resolulion be
charged with its ful6lment. CsaeuTred ia.
The case Of ~ Iced thea came up, and
Was diseUsse5.by MessFs. Coshing. Wise
Wm. Coat Johnson, aad Holmes. Ia re-
'lply 10 the charge agains, NJ. Webster, Of
p0Fsuing q eoWsfdly course IN regard 10
Mcleod. Mr.. Wise ssid, ihst lbs serrs-
lisfy Of State was right in giving The esas
be bad o the eofPsspoadanee. He had
ssid 70 MF. Foz that the Usilsd States
would not wsgs . petty varfaFs With
single individual. but would held The
uhoie britisb GayeSnmsut tsspoasibls for
The violaiion % our territory. n this was
q eoWardly course, Be Wa q . Ioss 10
Say vbai would bs aeoursesous one.
BE. 1liiinghasi WsRi inl0 dsfanes Of
ihs Seegsiafy q States course. end suo.
tel from Vaiisi 70 show ihst Great Britain
hsd perfect right % sssans ne set n
Mcleod ~ he's ovn. h ass TIE daty Of
ihis toveFnment 70 give np Mcleod, and
ieok 70 hat goysTBmsnt log = redress Of
grievances n ihis esse.
~. hoimea thought the Government
had stled right, asd that ibis Hoose ought
10 saeiihee Paisy spilii, and trust 10 he
enhghienea individsa. noW e. the head