The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-10

the first day Of March Instant ny receiving or pay
Ing out either directly indirectly, the notes Of any
Of the non. spscis-Paying banks 1f n
The question was taken and decided in the mega
tive-yeas l0, nays IS.
Mr.. SEWER said that if the banks in MARYLAND
had commenced specie-payments, and the banks ia
Pennsylvapia wers about " do the bill now before
the Senate ought not 10 be passed. He therefore
moved 10 postpone its farther consideration for
week. for the purpose Of giving them an opportunity
10 inquire into the facts. tts
Nj. BAYARD again propossd bis amendment,
which, in effect, il follows; that 10 much of the
charters fthe banks a. nhitts the banks in said act
mentioned, from and aAer the first day of March,
i842 from paying out lending out the notes Of any
suspended bank, or any paper currency whatever
which il not equivalent to gold and silver, shall be-
and the same s hereby suspended in it, operation un-
I'll the first day OF March, l843 unless the banks Of
Virginia and Maryland shall before that time resume
spectn payments, sfer which resumption the privilege
greeted By this act shall CEASE and determine.
M. BENTON moved to amend the amendment by
MAKING Rad Virginia or Maryland; he wished it
to be distinctive instead of conjunctive. ia OH
MI. AEkk said that he had just examined news
paper from Baltimore, and had nothing in it to
movement on the part Of the banks to resume spe-
Gle payments at this time. That subject was
now before the Legislature Of Maryland, and the
drst day Of May had been proposed for that
purpose. He would tell the Senator from Missouri
that if any attempt should be made by mob to dis
trb the public tranquility in Baltimore the civil au-
MOAIdCS VI TIC CITY WOulu pTOmptly lutoTIer6 ana
he would feel the utmost modification, if information
should be brought TO him that the looks" of mob
had induced the banks to resume.
Mr.. BENTON said that g cat might look at the
King, and was indeed strange state of things if
the public could not look at the banks.
Mr.. WALKER remarked that the people could
not ook into them.
Mr.. BENTON observed that if they could not look
into them, they could look at them. He supposed
that the Senator from MARYLAND had been looking at
a o. Qnprf Orh ia SnfOr rynofto s
Mr.. KERR replied afirmatiyey. M
Mr. BENTON said that the Wing papers were al
ways slow to find out the good news; but here was
the Baltmore Sun, Democratic paper, in which the
Mr.. KERR admitted the Sun to be good authority
II the Senator from Delaware would allow, he would
suggest modification to the amendment
Mr.. BAYARD inquired of the Senator from Mis-
souri, whether be had not made a motion to amend.
Mr. BENTON said that he had, but he did not
care any thing about it. aas.s ~ i
Mr.. KERR then suggested verbal amendment, to
which
Mr.. BAYARD had n o objection.
Mr.. BUCHANAN moved to insert I" Baltimore or
Richmond" in the place of Maryland and vir-
Einia." a at
Mr.. LINN said that all the banks in Baltimore
might not resume.
Mr.. CT AY. Let it then be The banks of Baltimore
or Richmond generally
Mr.. BENTON said that he had just been informed
by gentleman from Maryland that the Mechanics
Bank Of Baltimore had commenced redeeming its is
sues He thought that they had better stop for twen-
ty-four hours and wait until the in to-mor-
row and therefore he moved that the Senate do now
adjourn.
Mr.. BAYARD desired that the bill might be en-
crossed to-day for third reading tomorrow.
The question was taken on the motion to adjourn,
and II was decided in the negatve-Ayes l6, noes %.
The amendment of MIR. BAYARD, as amended was
then agreed to.
Mr.. SEWER moved to postpone the further consi-
Iteration of the bill for week. but the motion was
negatived-yeas 10, nays rs; and m
The bill was engrossed for third reading.
The Senate then went into Executive session,
and, after short time spent therein the doors
opened, and it adjourned.