Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-03-07

Justify no enao,ments regulations which are IN al
rect positive and permanent conflict with express pro
visions or fundamental principles OF the nalionai com
pact.
Mr. WINTHROP called for the yeas and nays or
the motion to Law III. resolution on the table, ana they
were ordered; and he"g taken, resulted as follows
yeas So NAYS -. 81 the motion prevailed
DISTRICT 8ANKs.
Mr. POWELL from the Comm:ttec for the Dtstric
Of Columbia reported JOINT resolution TO continue 'he
charter Of banks N the bstt'ci oi Co'u"''a
and the sam. having been reao,
Mr. PlCKENS inquired whether ths was an ors'ha
! hin of tho H,Dse OF a bill from the Senate.
Tn. SPEAKER SAID that II was an original JOINT re
so.ntion rrnnr:ed from a committee
! Mr. piCKENS observed that joint resolution was
N IN. na,u,, Of bill, and could not, wilh"us sns
pension Of the 10Th ION! rule, he Sc to The Senate.
The SPEAKER SAID lia, the JOINT resolution was IN
fact hill and i. passed could no, be seat to % Sc
nate w,,hon, Suspension OF ,"e f"'t oe a.,
! Mr. row ELL called for The second reauins Of Inc
! resolution. $50
ur WELLER observed that it could not he read the
s.c,,d % hui BIZ general consent, aud he objected 10
I The SPEAKER sad that, when the second reading
&c bill .yas ol-c'ed 10, the question then arose, oa
II be nj c'ed;
bIr SulrH of Virginia raised the pom, of order,
tim. bi an tho So subject had already been report
ed and mas nos. before the Committee OF the whole
Iris rit was hen cat o order under the rule prom
biting the introduction ol TWO ois on Tue sa"e euo-
jet.
Mr. UNDERWOOD wished IN correct the gentleman
in po;ot of fact This resolution different from the
bill in Committee of the Whole, for the reason that 1t
contained provision allowing Congress, at any time
hprpairr Ia alter or repeal 1t.
The SPEAKER owe ruled the point oil otcef OIL MI
Smith
Mr.. SMITH Of Virginia then moved to lay the reso,
luton IA" table
Mi. CAVE JOHNSON called for the yeas and nays;
motion aos rti"cird-yeas ~ nays - So the reso!u
ton was no, laid on tie table
TIE qnest.nn ;aen REQUIRED. Shall this JOINT res 'c-
lion be friacied' aud The yeas and nays having been
ordered, the question was IA en-, under the operation
of the question, and decided IN The negative
yeas -, NAYS 81
So The. bill was nat rejected.
Mr.. ATnERTON then offered the following amend.
ment
lad be 1t further resolrea, That all the Stockholders,
and ho n:ay become shareholders, sad banks shaii
be Liable their ind,vdua! ard private capacity, a.
copatucra for The debts and ab'iies al the banks ID
Aach they respectively Stockholders. accTn'ug
durnI the lime when lhry are sochh"lde!s IN sad
la 1is
Mr. 4 sai! THIS amendmen ., involved impnr,an, pin
p and had 1t been generally ado ted III the -l'sia
tn oi 'he people Of this country with regard 10 banks
MANY evils frauds disasters would have been
prevented Nothing certain as that the only way
10 prevent The Encouragement at mcney, vas to MAKE
those who were Interested liable Tor the isueds "'
ther agents The rnclpe OF an individual Liability
had generally heen adopted IN England, where asso
c,n,cd wealth generaily allowed greater privileges
.iian ~ this country; and he could not SEE why 1t
should not be- generally adopted here, where the PRIV
lees Of The people were So much mere numerous and
enlarged.
Wh regard TO the banks of the District of Columbia
LET ii he admitted that ii expetlrn 10 recharter
;ien: did .aiion that such step was necessary al
this TIM; 1t would, he thought, he setting bad tx
an:e. 10 ,ccbarter these Institutions, without iulnr
their past conduct ad their present condition
NJ report Whatever had been submiteG showing Their
liabl'rs their capital stock whether they lad always
redeemed their bills, ana bow they had been generally
managri, How this bill brought before the r.
sent Congress: Not until the three last days OF lis
session when there could moi BE- sufficient time allow ed
10 debate It's PROVISIONS why the necessity Of rechar
eu these banks al all the present session, when their
ruaricrs did not expire until Jnly, leil: Why not
leave 10 the next Congress, who would have suii-
Gent time To examine INTO the matter without haste ana
thoroughly find out he condition Of those banks He
ri he'd /" know ,f the banks sh-unk from investigation
!hey did was bu, poor aFsunen, why Congress, as
!r guardians of pubic .hs should rechareF them,
acI p.ve ,n,o Their desires.
sir, WELLER opposed the resolutions; and entered
n,o detailed statement Of the preences under which
the various extensions 81 the charters o! tcs" banks
hid been made since l-:io-he most prominent beng
that they wanted time wind up their affairs. lie
also alleged against them violation or evasion OF the
conditions which their charters extended, and
the purchase by their officers, 81 their depredated
paper and stock thereby committing diagram, wrongs
on sdows and orphans, whose limited means were thus
invested Ard he asked li such conduct was 10 he
justified by this House aud whether this resolution
was thus be passed through the House by species
OF egerdemain by which the rules # the House were
eyaded: He called The attention of The House TO the
fact that lie next Congress wout be IN session on the
llh December next whereas the charter Of these banks
would not expire until the succeeding July. II, then
there good 10 extend these charters, lie
thought II should be let 10 The next Congress 10 Judge
OF that and tina, necessity; and that this Congrs
should anticipate the Legislation ol lis successor
especially If done from fear that til" next Con
gress would extend the charters on the same terms
as ;h,s Congress wiling to do.
Mr. FILLMORE rose and inquired if the morning
hour had EXPIRED
The SPEAKER rcplicd that it had.
Mr.. FILLMORE then called FOR the orders OF the
dag
Mr. WELLER SAID he was DESTROYS to Offer a few
remarks on 'he amendment tina; lad been submitted
The SPEAKER replied that the orders ot the day
had teen called for
NJ WELLER then Observed that he supposed he
should have iitr lous Tomorrow.
Tie SPEAKER replied ,ha, he would during the
mcrn,ng hour
Two HUNDRED WILTON NATIONAL STOCK.
Mr w. COST JOHNSON asked the Gentleman from
New York 10 Withdraw his demand for the orders OF the
day, 10 allow h'm 10 make report.
Mr.. FILLMORE said he would consent 10 the PIE
senaiion Of any reports which would mol lead TO any
debate.
Mr. ". &. JOHNSON then rose 10 present report
from The select committee appointed TO consider the me
MORALS the snj CT p' ISSUING S20G 600 0l0 oil nation
al stock; he projecting 10 Gake some cxp'ana
tory statements. when
| SlI rlCKENS said he should jsci, if this sub
jet 10 give rise 10 debate 81 th's late period OF The
= ss'on.
Mr.. W { JOHNSON then submitted his report, ant
moved that ii b. pr'nl-d The report concluded vii!
! the i!'"~ing resolutions:
Ec>oired, fhai ,xped dent 10 employ the cred o
the Government of HE for thr rfl;e OF the States
! TO the extent prayed for by the T.ehor'nl'sts
! RrS0'rtG, That - committee he instructed 10 pre-
pare and report a bill accordingly
! Mr. J lNGERSOLL legged permission to ctie
a resolution IN with The motion oi The gentle
from Mar land, 10 direct the printing o! five thou
land extra copies Of both the report of the gentleman
from Matylamd mad The report some time SINCE made
ua tn snHjcc; By the Committee of Ways ant
Mems.
InIIN.ON tb, from