Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-08

The bill! accompanying this report, continued Mr. B
was nothing more than Su0T Treasury IS stem Per 81
It was this and no more, eslabisn. as IL dad egence
| IN the several States, as the Sub Treasury bill In
other provisions OF but little importance, as tn
Sub Treasury provisions formed the principal features
| The burden OF one OF the veto messages was that
placed an agent in sovereign State under presume
| consent. This was grave matter with the ExeculIv
at the extra session, and then argued at length
But IN this bill there were no such scrupes entertained
contained in the veto messages The only pro
hlbnn was that when the State Legislature objected
the agency should ne removed lie at loss to know
how such aranscendcnta State Rights President as h
WHO is al the head of the Government could argu
tlfs upon sac matter this The objections showe
the inconsistency Of the President and were twofo,
in this bill than in the Fiscal gent of the spcca
session. How any officer of This Government could b
alarmed Bank OF the u S, and be ready receive
this monster, was thing wholly ncomprehenslb Il
him. The Bank was innocency itself compared with THIS
| General Hamilton never conceived such scheme a
his which had come from high. toned State Right
constitutional President Of the U. S. Even Sir Rober
Peel, in a monarchy, would not dare propose such
Bank 10 the British Parliament and if he did, it woulc
be rejected with such vote, tha IS was the custom
OF that country he would be compelled by il to resign
And Mr. b. SAID he in favor of designations under
such circumstances-not Of the PresIdent-he would
not have hun resign-but Of the Cabinet and if they
would resign within the time limited for drawing bill
OF exchange by this bill before the Senate Uhiry
j
the Wing church. Laughter.
Mr.. b. went to say that the plan proposed was a
Bank There had been, he said, many discoveries OF
late in morals, politics. and science; but, until now, II
had not been discovered that Bank Bank unless
il discounted promissory notes. This lie understood
was an nconslderabe part of banking, because
the least profitable part OF banking; and If the banks
from 1888 10 1897, had been guarded in their dis
counts, many a bank now nsolvent would have beer
solvent.
In the bill proposed, there 4 one-sIded matter
individuals TO be restricted, but the Government
was not restricted and, If he had not been msnform
ed, there greater necessity Just now for the Co.
vcrnment TO deal in exchanges than individuals, the
means in the Treasury being exhausted. Under The
exchange provision in this bill, the Government had
power PROSTATE any and every bank IN the Union
When it stepped in, at New Orleans, for example, to
operate for itself, and consumed the exchange for itself
which might be necessary, the exchange which belong
I'd 10 the legitimate trade would be found 10 be
poliZed b. the Government ii would control the mar
ket The Government could run upon the banks, BY
Offering bills on New York. and thus crush them New
York the great settling mouse OF ths nation Tor
commerce and for ali other business Char!estcn Mo
bile New Orleans all settled there If there not
Government funds in New York when the drafts were
made, the Government, through It's New ork agency,
could draw its agencies elsewhere and thus control
The exchanges everywhere.
The limitations in the bill! too, were the merest cob.
webs in the world. One drawing OF bill might be
succeeded b. another and that by third, To the end OF
The wear; and whoever belonged 10 The right political
church could repeal the bill Then, 10 the power Of
repeal. There such power conferred on the Pre-
sdent of the U. S by the Constitution veto pow
er; but, in bill like this, il would be very different
from Bank Of the L. S The Gpyernment-,he par
~ III power-would preserve II, and make II perma-
ncn and they who think differently (said Mr.. have
better opinion or human nature than have.
MIR. i. sald in conclusion that he had discovered
before this report appeared that the President Of the
u 5 was disposed To withdraw his confidence from the
party who gave him their support. lie had followed
up one veto b. another and thus by proposing gan
tic monster, and presenting It to the favorable conSlde-
ration of his Wing friends IN Congress, recognise,
(Said Mr. b. the President no longer as the head OF the
Wing party Let others do they may, | am for
separation rncuo matrimonii, and believe there has
been one m1nsa IT horo. [Lauyhter.l do not
know what other gentlemen may do, but that am re-
solved on doing.
After having vetoed those two bills of the extra
son in one Of which he said he should have sub ected
himself to ridcule fhe had signed it, and after present
nr this BILL the President had subjected himself 10 the
ridcuic Of the Democratic party and the of the
Wing party. The bill proposed, (sad Mr. ~ to mo-
div That clause in relation 10 bills of exchange you
might, will do good and IT will place party in pow
er us long they choose 10 remain tthere. These
provisions OF tme thirty days, and Of miles distance
presented no check which would not make the party
who controlled that institution omnipotenl.
hope that the scheme proposed will not even be al
lowed to be referred to select committee. hope the
adu,erous progeny Of Northern Federalism and Virgil
MIA Absraclionsm may be strangled in lis very birth.
Mr.. MOREIlEAD rose 10 continue the discussion,
but IN Executive session moved, and carried; and
The debate closed after two O'Clock Mr. More.
head will, therefore, address the Senate tomorrow.
HOUSE OF REPRESENTATIVES,.
The Journal of yesterday was read aud approved.
COAST SURVEY.
On motion of Mr. ADAMS, the House proceeded to
the consideration of a motion submitted By him Just
previous To the adjournment Of the House yesterday,
to print 800 additional copies Of Mr. asser report
of The coast survey for The benefit Of Mr.. lassler.
MIR. HOPKINS would like TO know, he said, before
he voted what would be the expense.
The SPEAKER was informed by the Clerk, he said,
that the expense would not exceed so
A fler some conversation
MIR HOPKINS suggested that the motion should be
so modified say "provded the expense does not
exceed $50" Laughter
The question was taken on the motion Of Mr.. ADAMS,
and was decided in the negatlve-Ayes bb noes e.
Sn the extra copies not ordered.
Mr.. ANDREWS Of Kentucky called for the orders
of the day, being petitions and memorials
ABOLITION PETITIONS.
An animated conversation took place between Mr.
ADAMS and the SPEAKER as to the nature Of the
motion pending certain petition heretofore present
ed hy Mr. a. for The repeal of the 2lst rule.
Il was extremely difficult for the Reporter, owing to
tho noise in the Hall and the number OF members stand
nr on the floor report with any thing like accuracy
the proceedings which follow. lie gives them, how
ever, as he finds them his notes, aud without refer.
ence 10 the Journal
After the conversation above allCded 10 between the
Speaker and Mr. Adams had terminated
nd the statement Of the question being called for
II was stated to be the petition Of ID. L. Nelson
and 80 citizens Of Hamilton county, Ohio, against the
adoption of any rule, order, or regulation, mpang or
limiting the constitutional right Of petition and against
;spara1nr or stirmatizng Abolition petitions, plac
nr them on a different footing from other petitions
And the question was stated to be on the motion OF
SIr. Adams, to refer the same to select committee,
with instructions report repeal Of the 2lst rule
fold edition. and which said rule is in the following
words:
"No petition, memorial, resolution, or other paper
prayina the abolition Of slavery in tie District OF Co.
unbia or any Stale or Territory, or The slave trade
between the States Territories of the u ; IN winch
il now exists shall be receivedby this House, or enter
tanned in any way whatever
This was the question stated from the Journal.
Mr. MERIWETHER ION whose in,inaton oil debate
the question had gone over on former day. took The
and affair nr,faury remarks, which the Re-