The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-09

,he hrs' day OF March, instant, by receiving oftay
ing out ell her directly indirectly the notes of an
OF The non sPecie-paying banks.
The question was taken and decided in IN. ~,
tive--yess IL, nays %.
Mr. SEWER said that if the banks in Na,vt.nI
nad commenced specie-pay ments, and the baDk. ~
Pennsylvania were about TO do So the bill now h'e'
the senate ought not to be passed. He lhereG,.
moved to postpone IFS further consideration Tor oa
week Tor the purpose Of giving them an OPT ortunv
TO inquire into the facts.
MI BAfARD again proposed his am,nd,ne,,
which, IN effect, is as follows; that so much i, ~
charters OF the banks inhbits the banks in said a.,
mentioned, from and after the first day of Mn,cb
1872 from paying out lending out the notes OF an,
suspended bank, or any paper currency whateyc
winch Is not equivalent TO gold and silver SHAH h.
ana the same is hereby suspended in its operation IN
III the first day of March, lS43 unless the bank. =,
Virginia and Maryland shall before that time resur.
specie payments after which resumption the lryIl,ge
granted by this act shall cease and determine
Mr. BENTON moved TO amend the amendmen, ly
making II read Virginia or Maryland he wished I,
TO be distinctive instead of conjuncive
Mr.. KERR said that he had just examined a no,.
paper from Baltimore, and had nothing int 49,,
movement on the part Of the banks to resume -,
cie payments at this time That subject ~,
now before the Legislature Of Maryland and ,be
first day of May had been proposed G,r 49,
purpose. He would tell the Senator from MssnT,,'
that II any attempt should be made by a mob 4, A.;
turb the public tranquility in Baltimore the civil H.
thorities of the city would promptly interfere ,nd
he would feel the utmost modification if information
should be brought to him that the looks Of MIX
had induced the banks TO resume.
Mr.. BENTON said hat a cat might look,a, tic
king," and II was indeed strange state of thing, Il
the public could not look at the banks
Mr., WALKER remarked that the people couli
not ok into them.
MIR, 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 a,
Wing paper for his information.
MIR. KERR replied afirmatiyey,
Mr.. BENTON said that the Wing papers were al
ways slow to find out the good news; but here va.
the Baltimore Sun, Democratic paper, in which the
fact was stated.
Mr.. KERR admitted the Sun to be good authority
II the Senator from Delaware would allow he wouH
| suggest modification to the amendment
| Mr.. BA YARD inquired of the Senate, f,o, Nj.
sour whether he had not madea motion to amend
| Mr.. BENTON said that he had, but he did NO,
| care any thing about il.
| Mr. KERR then suggested verbal amendment i,
| which
| Mr.. BAYARD had o lection
MI BUCHANAN moved to insert Baltimore or
,, Richmond, in the place of {" Maryland and VII
| GINA
MI LINN said that all the banks in BaIrao,.
Mr.. CT AY. Let it then be he banks of Boltimore
or Richmond generally.
Mr. BEN TON said that he had just been informed
! py gentleman from Maryland that the Mechanics
Bank of Baltimore had commenced redeeming its il.
sues lie thought that they had better stop for TWEEN
ty-four hours and wait until the cars came in tonor-
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 was decided in the negative-Ayes lS noes %
| The amendment ofMr. BAYARD as amended was
then agreed to.
Mr.. SEWER moved to postpone the further cons.
deralion OF the bill for one week but the motion wa
negativet-yeas Is, nays rs and
| The bill was engrossed for third reading
| The Senate then went into Executive session
and, after short time spent therein, the doors were
opened, and it adjourned