The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-10
gWentp= Seoemth Congress.
SECOND SESSION
IN SENATE,
WEDNESDAY,, March 8, 1912.

Mr.. lAl4LMADIE presented petitions from Cha
tauque, Jefferson and Franklin counties, New York,
against postponement on a repeal of the Bankrupt
law.
Mr.. EVANS presented the petition of Thomas AL
len, asking additional appropriation to pay him
the balance due for printing and binding theBlen-
| NAL Register.
Mr.. MOREHEAD presented the pet ton of citi-
zens of Cincinnati, Ohio, praying the repeal of some
portions of the Bankrupt law, and proposing several
amendments to others.
Mr.. MILLER presented petition from citizens of
Lycoming county Pennsy yania praying that, in the
| adjustment of the tariff the duty on imported iron
may be restored to what it was in 1899
THE BANKS OF THE DISTRICT.
The bill to suspend, for limited time, the opera
ton OF portion of the act entitled An act to re-
vve and extend the charters Of certain banks in the
District of Columbia having been read third time,
and the question being stated, Shall the bill pass;
Mr. WOODBURY. mterposed, and said he trusted
that the question would not now be taken as it was
apparent that very few Senators were present. and il
was understood yesterday that the yeas and nays
would be called to-day upon the third reading of the
bill. He hoped, therefore, that it would be passed
by for fifteen or twenty minutes al least.
Mr.. CLAY. Very well; let us have the yeas and
nays. call for them.
MIR. CALHOUN said that the object of the Sena-
tor from New Hampshire was to delay the bill for
few minutes, to give many gentlemen, who were alb
sent, and who would vote against the BILL time to
rive and take their seats in the Senate Besides, it
had always been usual to take the vote on bills after
the morning business had been gone through with;
and by acquiescng in the suggestion OF the Senator
from New Hampshire, the public business would
suffer not the least detriment
Mr. CLAY remarked that the subject was press.
ing, and he presumed that the morning business had
been gone through with.
Mr.. WRIGHT informed the Senator that he en-
tertained contrary opinion.
Mr.. FULTON said that the committees had not
yet been called
Mr. WALKER, from the Committee on the Judi
ciary, then reported bill to authorize the settle
menl of the claims Of Joseph Nourse, and bill to
increase the salary of the District Judge of Misss-
sipp from ~ 600 to 5000 and asked that the Com
ttee be dscharg fom the further consider alton ol
the bill TO increase the compensation of the distr ct
Judge Of the State of Louisiana from 81 900 to vi 800
MIR. SMITH, Of Indiana, said that he would move
amend bill to the salaries OF Judges,
until justice shall have been done to the State of In
diana
Mr. BAYARD introduced bill restricting fur
oug his in the naval service and
Mr.. BERRlEN introduced bill to provide for the
reports Of the decisions Of the Supreme Court Of the
United States which were severly read first and
a second time.
NEW NATIONAL ExcHEoUER
Mr. EVANS said that, several days ago, memo
rial proposing plan for a National Exchequer of the
United S ates had been referred to the Committee on
Finance This memorial was presented by tho Sena-
tor from Ohio Mr. Allen) and was the result OF the
deliberations of Jacob Benner bu, it appeared from
the journal, that il emanated from woman. This
was mista.e, the name of the place where Mr.
Benner resided having been taken for the name of the
memorlalst- Therefore there was, as consequence,
some doubt about the petition being genuine. The
committee, however had looked into the subject, and
had instructed him that they be discharged from
its further consideration Whatever nigh be its merits
certainly novel plan, and proposed to establish
National Exchequer-the capital to De $2oO,0oo,-
n ahapa m thatt yUa moi
suficency gold and silver in the country for this
purpose the memorallst designed TO dispense with these
metals, and substitute coinage OF copper as a legal
tender in payment of debts, and IL was suggested to
purchase twenty millions OF pounds of copper out OF
which to manufacture the two hundred millions worth
of currency, thus making pound Of copper, after
being coined, equal in value 10 ten dollars There
were many urged in favor of this scheme one
of which that the currency that would be al
forded would not be drained off by foreign ma
tons as was the with gold and sill
ver He moved that the committee be discharged
| from the further consideration of the memorial.
Mr.. ALLEN said that il was due to himsel. to say
that if he had not believed that the memorialist
serious the system which had been suggested, he
would not have presented 1t to the Senate. The
scheme certainly an extravagant one, but how
| ever peculiar were the views Of The memoIalist they
were not than those of gentlemen more con-
spicuous than himself The oIialist and all of
his family respectable persons and II was not his
design impose upon the Senate any trivial matter
besides he was worthy man, and from all he Mr..
Allen knew sensible one, but the financial and
! exchequer projects of the day, he had taken the
liberty common the understanding of statesmen, to
| indulge in his Imagination. #.f.#
/ The Committee was discharged from the further
4 consideration of the memorial
PASSAGE OF THE DISTRICT BANK BILL.
Mr. CLAY moved that the Senate take up the Dis
trict Bank bill
Mr. KING objected he desired to go on with the
orders Of the day during the morning hour. If the
Bank bill should be taken up at this time, discus
sion might arise which would continue throughout
| the day
Mr. CLAY said that, at one o'clock, he wanted to
take up certain resolutions in relation to the tariff
and he again moved that they proceed to dispose OF
the B nix BILL as the Senate was probably as full now
as it would be at any time during the day
Mr. KIN G re marked that they would have to post
pone the orders of the day for that purpose
i MIR CLAY did not think
| Mr. KING said that it was not yet one O'Clock.
Mr. CLAY observed that bills were always taken
! up before one O'Clock.
i Mr. KING entertained contrary opinion.
The question was then stated, Shall the bill pass
/ when
Mr. WOODBURY. called for the yeas and nays,
which were ordered and being taken, were--yea,
81 nays Is, as follows:
YEAS.-Messrs. Barrow, Bates, Bayard, Choatc
Clay, Clayton, Evans, Graham, Huntington, Man
gum, Miller, Morehead Phelps, Porter lrentlss
Simmons Smith, OF Indiana, Southard, SpraSue
Tamadge, and Woodbrldge--2I
Il NAYS.-Messrs. Allen, Benton Buchanan, Cal
houn Fulton, King, Linn, McRoberts, Sewer, Smith
of Connecticut, Sturgeon, Tappan, Walker, Wilcox
Williams, Woodbury., Wright, and Yoong-ls,
So the bill passed, and is in the following
words, viz
Be il enacted by the Senate and House Of Representa-
tires of the United States Of .9meicd IN Congress as
embicd That 50 much of the act entitled An ac
and nd Tho nhar If
) the District of Columbia approved August twenty
fifth eighteen hundred and forty-one, as lnhblts Thu
banks in said act mentioned from and after the frs
day of March, eighteen hundred and iorty-two iron