The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-10
CweutQ= &soeuth C0mgress.
SECOND SESSION.
In SENATE,
WEDNESDAY,, March 9, l842.

WEDNESDAY, March 9, l842.
Mr.. TALLMADGE presented petitions from Cha
tauque Jefferson, and Franklin counties, New York,
against postponelnent a repeal of the Bankrupt
law.
Mr. EVANS presented the petition of Thomas Al
len, asking an additional appropriation to pay him
the balance due for printing and binding the Bien-
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.
| MIR. MILLER presented petition from citizens OF
Lycoming county, Pennsylvania praying that, in the
adjustment of the tariff the duty on imported iron
may be restored to what it was in 1889.
THE BANKS OF THE DISTRICT.
The bill to suspend for limited time the opera
ton of portion of the act entitled {" An act to
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. interposed, and said he trusted
that the question would not be taken, it
apparent that very few Senator'S present and as
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, at least
Mr.. CLAY. Very well let us have the yeas and
nays call for them.
Mr.. CALHOUN said that the object of the Sena-
tor from New Hampshire 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 acquescing 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
| MIR. 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
ment of the claims Of Joseph Nourse, and bill to
increase the salary of the District Judge of Missis
sppi from % 600 to SO 03O and asked that the Com
ttee be dscharg from the further consider alton of
the bill to increase the compensation Of the district
judge of the State Of Louisiana from 600 to ST. 500
| MIR. SMITH, of Indiana, said that he would move
to amend every bill to increase the salaries of judges
until justice shall have been done to the State of In
diana.
Mr.. BAYARD introduced bill restricting fur
loughs 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 severay read first and
| a second time.
| NEW NATIONAL ExCHEoUER
Mr. EVANS said that, several days ago, memo
rial proposing plan for National Exchequer of the
nteU u6u Oeen referred 10 the OOmlUUeo Oh
| Finance This memorial was presented by tho Sena-
| tor from Ohio Mr. Alen) and the result Of the
deliberations Of Jacob Benner bur it appeared from
the journal, that it emanated from woman. This
was mistake, the name of the place where MIR.
Benner resided having been taken for the Of the
memoralist. 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 might be its merits
. WI a novel Man nd establish
a National Exchequer-the capital to be $500, 00O,-
600; and, under on apprehension that there was not
asuticency ofgold and silver in the country for this
purpose the memorast designed to dispense with these
metals, and substitute a coinage Of copper legal
tender in payment Of debts, and suggested to
purchase twenty millions of pounds of copper out of
which to manufacture the two hundred millions worth
being coined, equal in value 10 ten dollars There
were many urged in favor of this scheme,
of which was that the currency that would be af-
forded would not be drained off by foreign ma
/ tons, as was the case with gold and sill
yer. He moved that the committee be discharged
| from the further consideration of the memorial.
| Mr.. ALLEN said that it was due to himself to say
that if he had not believed that the memorialist was
serious to the system which had been suggested he
would not have presented it to the Senate. The
scheme certainly extravagant one but how
ever peculiar the views of the memorialist, they
were not more than those Of gentlemen more con-
spcuous than himself. The memorialst and all Of
amy were pcTSOIlS, anu Wa6 not uIS
design impose upon the Senate any trivial matter
besides, he was worthy man, and from all he (Mr
Allen, knew, sensible one, but on the financial and
| exchequer projects of the day, he had taken the
liberty common TO the understanding Of statesmen to
indulge in his Imagination.
The Committee discharged from the further
consideration of the memoir al.
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 Bank bill, the Senate probably full now
as it would be at any time during the day.
MIR. KING remarked that they would have to post
pone the orders of the day for that purpose.
Mr. CLAY did not think
Mr.. KING said that it was not yet one O'Clock.
MIR. CLAY observed that bills were always taken
up before O'Clock.
MIR. 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--yeas
81, nays ID, as follows
YEAS.-Messrs Barrow Bates, Bayard Choate,
Clay, Clayton Evans, Graham, Huntington, Man
gum Miller, Morehead Phelps, Porter, Prentiss,
Simmons Smith, of Indiana, Southland, Sprague,
Talmadge, and Woodbridge-2l
NAYS-Messrs. Allen, Benton, Buchanan, Cal
houn, Fulton, King, Linn, McRoberts Sewer, Smith,
of Connecticut, Sturgeon, Tappan, Walker Wilcox
Williams, Woodbury., Wright, and Young-1s.
So the bill passed. and is in the following
words, viz:
Bel enacted by the Senate and House Of Representa-
tipes of the United States of .4merca, in Congress
sen,bled, That much of the act entitled An act
to revive and extend the charters of certain banks in
the District of Columbia, approved August twenty
fifth eighteen hundred and forty-one as inhbits the
l.AI ca;I and after the