New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-17

Of Mr. Gsllstin reported resolution recpmmen ding
renewal Of the charter Of the Bank Of the nited
States, during such time, and on such conditions
as may be defined BY lsw."
This, and another resolution, offered by Mem
Der. 10 inquire into the expediency Of establishing
q National Bank. were referred 10 different Com
mittees one OF whom reported bill 10 estaolsn
National Bank at Washington, with csPitA o.
els 900 OOo and Branches in the Territories and N
the States respectively. on the application OF tne
Legislatures thereof This it will be observed Is
similar to the plan Of the Fiscal Bank proposed
during Tylsr's Administrator
The other Committee reported bill somewhat
in accordance With the plan Of the Secretary oil the
Treasury The charter Of the existing Bank was
to be continued for twenty years and the CAPITA 70
be increased to twenty millions-the I nted states
70 have liberty % subscribe nine Of the additional
ten millions.
The plan Of establishing Bank at W s'hington
had few advocates The bill for the renewal OF tne
charter was under debate for several days, and on
Question to strike out the first section Of the BILL
the vote stood Yeas "a and Nays 3. thus %
mocratc House Of Representatives in Congress De
cided in favor Of the principle and exPediency OF
/ National Bank The BILL however. was sufered'o
lie on the table and not farther acted upon DUNG
that session. These proceedings and other CIR
cumstsnces says Pitkinj show that majority OF
the House was not then prepared either to sdoPtor
| reject the plan proposed by the Committee or Mr..
Gsllatin, and evince we apprehend' that there was
not majority against National Bank upon Con-
stitutionsl grounds
Early in the next session, the stockholders pre-
scented new petition for continuance oil the
charter which in the House was referred 70 large
| committee consisting Of one from each State. This
committee on the 4th Of January, lsll, reported
bill in favor of renewa 81 Of the charter not differ
ing materially from the one on the same subject re-
ported the previous session. This bill was debated
in the House until the cath Of January when 1t was
/ disposed of by an indefinite postpOnement, by 8
majority Of one oDly-65 in the affirmative, and a
in the negative As the charter expired on the 9Th
of March following this vote was decisive against
/ its removal
In the Senate the petition OF the Stockholders
was also referred 10 a committee, but this commit
tee did not act on the subject until after the final
, vote Of the House before noticed. On the 5th OF
February the committee reported bill for the re-
newal of the charter, which bill was under debate
| until the goth of the same month, when the ques-
ton was taken striking out the enscting clause
and II Senators voted in the affirmative, and II IN
/ the negative. Thereupon the Vice President, Geo.
Clinton gave the casting vote in favor OF striking
out and thus the bill was lost The Bank was
consequently compelled 10 wind up its affairs and
I d, a. boS hfe nd
safely managed as the Stockholders were finally
paid slOsl on each 500 Of the stock
Mr.. Pitkin says, it is well known that IN the
Senate there was not a majority against the re-
newa of the charter constitutional scruples. In
the House, those who voted against it may be d.
vided into three classes l. Those who denied the
constitutional power Of Congress. 2. Those who
admitted the power, but were indisposed TO con
tnue an Institution under the control Of their poll
tcal opponents and foreigners. 3. Those who.
without questioning the power of Congress. gave
preference to State Banks. 1--WE do not think
says Pitkin) that those Of the first class consttu
ted majority of the House who voted against the
continuance of the charter.
u We are indebted 10 the New Haven Line
ind nothing remarkable save the editors declaration Of
his being aware Of the focus Of dim, yellow, political
light which centers at wsshin gonthe light of VIII
o the wisp which shines but 10 deceive"
~ George Virtue, @e John.st. has furnished US
with copy of the initial number Of The Works Of Jo-
sephus, genuine London Edition, translated By Rev.
RosKRr TRAIL. D. d. with Notes and Explanatory Es
says by Isaac Taylor The engreving1 splendid and
- in
such work. Price 81
The Ohio Legislature Gems. scott and aylor.
The General Assembly of the State OF Ohio, at
its late session, with great unanimty adopted the
| following resolutions complimentary 10 the disiin-
euished Generals in command OF our armies in Mex
| leo to wit
Resolped BY the GeH9al assembly Of he Stas Of Ohio
That the bravery, skill, and good conduct OF Zen r.
Taylor. and the soldiers under his command deserve
! the highest commentator Of the country.