Ha " Rm eo ee ee
BY ALEXANDER HAMILTON, BELLEFONTE, (PA) NEXT DOOR SOU
to the bank of the United States of Ameri- deemed reasonable concession to those who the commiitteelappointed by this house on
CONGRESS i
: > 8 x iS on Ale : that subject
x LH 5. Ah 3. ca, reponted sundry amendments: thereto; differed from him. J :
J ; Mr. Rhea of T do af b The house determined to agree to the
-— 1c COTE a ’ ” = Or TD . h N
— w\ which were read. I. cao €n. made a lew observa- rience asked by the senate on, the dis-
IN SENATE. A motion was then made by Mr. Robert- tions. principally expressive of a hope that agreeing votes of the two houses on the bill
3 : : A . 4 ; %, : tA %) wad ACTORS an LAE
. “Fripay, JANUARY 6. ¢ son to lay the repdit on the table for one this question would be decided with as lit- tor axing Certain manufactures 3 and Mus,
= Fisk of New York, Archer and Oakley
: add : ey ] : were appointed the managers thereof on
William Elliott, praying the examination particular information of the members ? Mr. "Taylor explained at some © length. te part of this house.
of a floating battery which he has invented which motion was negatived, Ayes 36. the reasons, which had induced him, asa Saturday, Jan. 7.
for the protection of the coasts and waters Mv. M-Kee explained briefly the nature last effort te relieve the finances of the - YAZOO CLAIMS.
of the United States; which was referred -and amount of tlie amendments now propo- country by the establishmentofl a bank,to Mr Oakley of New York from the se
to the secretary of the navy. sed to the bill. ®he first principle intro- consent to this report, embracing a com- lect committee to whom was referred
. Xi, 3 : Vo ae rips . __. the bill supple tary: to ihe det {oi tf
The bill supplementary tothe act for set- duced into the bill, he said, wasa reducti- promize of his own, opinions He spoke Ri A, Pi ne wl Lo ihe act ol he
LE ge : ? ) : . Tay ; i . settiement ot the Yazoo claus, reporte
tling the Yazoo Claims, was read athird on of the capil stock from fifty to thirty at some length in explanation of the provi= i with amendments; whieti were on
time and passed. millions; such capital to be composed of sions of this bill, and of the advantage motion of My. Troup, referred to a conimits
3 nt - - . > » x ) : * > ; : rs > y 1 Cr > :
Mr. Lacock, from the committee on the five millions in. specie fifteen millions mm which it held forth to the public inter- tee of the whole
TREASURY NOTES.
1) e——
Mr. Roberts presented the petition of day, that it might be printed for the more tie debate as posible.
’
subject, reported a bill making an appro- treasury notes, ten miliions in stock of the est, &c. bs \ :
priatton for repairing and rebuilding the U. States created swnce the declaration of Mr. Forsyth briefly stated the grounds Mr Law oi Conecticn, submitted fof
pubki but diags within the erty of Wash: the war | The cepital to be subscribable in on Witica he was opposed we the repert of consideration the following resointion «
ingion; wich was read and passed toa se= shares of one hundred instead of five hun- the committee, and preferred the billin its ResoLvrp, That the commitice of ways
cor d reading. dred each. The payments of the subscrip- presant shape © If the amendments pre- and means be instructed Lo joquite into the
The message of the president of the U. tion to be so apportioned that two fifths of vailed he continued that the will of the ma- expediency of &xtentling the several laws
States transmitting a répoty from the trea- the amount of the capital should be paid 10 jority would in fact be defeated, and a bill authorising the issue of the treasury ites
vr
y Pe Ty a vv: Say . » 1 12 I r o Sr
‘suvy department, respecting ihe progress at the time of subscribing. This would passed on a plan, of which the majority '® SUCH a manner as to make them receive
~ ¥ Eo ae ‘ : . able ‘ kes. forfe peri Sw Be
ofthe Cumberland road, was referved to 8 bring atonce into the bank, 1,666,000 dol- had already expressed their decieded dis- ble 1 all cases of fines, forfeitures or pe-
eommittee consisting of Messis Smith jars in specie, dnd the residue treasury 2pprobation, _ balties which may be due or owing. (0 the
“Mowrow and King. notes and stock, amounting to twelve mil- Mir. MiKee spoke at some length in de- United States ; and also to extend the said
-
i Fig all from the house to authorize the lions in the whole. There was every rea- fence ol the report, and to shew its superi- laws as to making treasuiy 1O1CS yeecivaa
3 «fs . 4 g . . " : PAN ~ + : ie for ves due YT rvits I Sf
president of the U. States to accept the ser- son to believe that this payment could be ority to the presant features of the bill. bie for taxes due to the United States from
if so, the bank could though cutertaining. a decided preference that purpose. gn
for the Olily as tu now stood, he should voie Mr. Eppes of Va. desired to know the :
: A R Po ji for the report of the commit ee Lu all its objectof this motion. It appeased io him
otherwise essentially changed in ns Provisl- ww uld not remain Inactive, as a=part Oo: It parts; because, being the resuitof a com- on thre Rist eweinat ft orld ed iy
ons. was ordered to a third reading, by an must do if 2 less amount were payable at promize, it it were not accepted, he feared spirit of speculation in the cove SrA or
: vo 10 national bunk yal be cstabiished, a per, mmoral in itself, and injurious to Ne
measure which h eemed at this ) bhie credit Sv apy ire : i
The proposition of Mr. Bledsoe to direct requiring the bank to ntake a loan of thirty tcl har Nomen pantie 5 iver Ie yat pas by wx-
ancikuiry nto the expediency of esta- millions to the goverament to be stricken Mr. Yancey said he should give the re- otf Lasts do trons hye Wk ars
‘blishitig » aval school, was taken up and out, and the provision respecting ‘the sus. port us decided support, and regretted Mr Law said his object was, not ww en-
that any of his triends shotid act d:ifferent- courage speculation, but 1o enable the peo
- - . . v - “ > ve ‘ / Sura ya . hat ARE
vices of ‘certain volunteer corps, having made, atthe time of subscription, to the full ~~ Mr. Ingersoll explained briefly why al. 20Y humber of persons who may unite for
been so amended, as to authorize the ac- amount proposed.
‘ecpiance into sevice of state corps, and forthwith go into operation, and its capitol
uhap mots vote. the time of subscription. The principle
par=
agreed to. yenision of payments in specie, which apr = ppl TO 0 TEE ih
8 i Py I ly. Ile eonsidered the proposed amng- ple to pay their taxes upon an
1 tie bill from the house to provide for peared to be msepavably connected wilh ments highly expedient, and, withal, that, ing At pidsent, if several persons |
: ; ce RE ERAT or a id ‘ : © ARP En ln Ar YLid PRISONS HAYHIE
widows and orphans of the militia and vol- = (Le compulsory loan, to be also ‘stricken 1 they were not adopred, no bank cculd be taxes to pay can make up the precise 8
L
COUAar wiOl-
a=
Col»
ated ging
ETN
: y C treasury
| ce ‘ Treasury totes were gw ise
postponed to the second Mchday in March um of undetbted credic would be in. the 1s- opuiious, I agreeiiy 1 this report, to sued by denomination net less (hat 2 dole
wiiich he had acceded with some reluc. lars; yet if two persons owing ten dolars
ance ond for the rae e il wire yo} Too a are
t EL tance, und jor the success of which he did each tendered such a note ii Payment the
£ treaty 1iOTe arn 6 retie he stock onside r 1 : i 1 5 3 i 5, Ss
| of treasury noies; and he relief to the stock not consider himself responsible. Being collector would not receive it.
The bill to authorize the acceptance ine 0 0 by the abstraction from rn. of ten Wiking to tend his aid to extricate the gov- sequence of whichis, that such pei sons
to the service of the United States of state Sendo; its presant financial dificul- have to procure specie to pay thei tres
ues. he . avreed to this hk PY EAN iF es sl J R . " 3g
65, Bein apres to this report, which nothing else being receivable. Fi aad
however he believed embraced much too therefore thought it would be advidabie
was predicated on the idea of @ specie bank, extensive a scale for the proposed institu- that the commiuee of ways and m ars
be apo Qed ‘ N . "- . . : ¢ * ¥ eve liv wus 3 “ % 4 i ior: « ! . : : v.¥f 6
ments were sent to the house for concul on which principle alone must forever vest Hon. Iv ent a an « *4mmee at should enquire into the subject
iid 3 : Ey gouie length of the principles of banking Mr rel 3
ence therein. asousd circulating medium. There was es : A 3 3 Ire Bigelow of Mass. confirmed the
No : : ie Le) principally te shew that a forced joan statement of Mr Law. havine receiv
Mor. ay lor, from the committee oi con- od ay Yh bre frm vivid heen d Eh EL . LOR . y lay ng recetved, us
‘ no danger, as had been Irequentiy 0oSErved would be destructive to the able or pros- he said, several ictters from his dist t of
ar > nT 3 1 > > y 3 Cc oo + a Sa Sy 1 i sy arie ’ ’ + 33) ¥ 3 3 : Mg ™ aang o
ferees on the disagreeing votes of the two but, without a requisition to that effect in pros of any bans. the same import. He had understood the
e801 = bill for tnxine houschold fur- i : : Mr Forsyth replied at some leaptiit SCC ral “the Sa
houses on the bill for waxing houschold fur its charter, the bank would, for its own in- Sy plied a € le gtih to sccratasy of the
: vo some of the objeclions which had |
CC "8 mm >< 1 1¢1'C + WiaiC » d S A add i
niture, &c. made a rcport thereon ; which Lerest, afford to the government ¢very as- ude io the bill as it
establistied at this session. mount the.owe in treasury notes, th
Mr. Pitkia, n'a specch of some length lectors will not receive then
explained the reasons why be had been in- that they ave so instructed |
sidered, and, on motion. of Me. Varnum, (othe establishment of a circulating medi~ ducedMo comipromizes a part of his own department.
unteers, who shall die or be kilied in the gut. The immediate aid which the plan
service of the U. States, was further coni- would afford ro the government, in addition
next. ; sue and free circulation of fificen millions
Sat. Jai. Y.
The LOI -
; mithens to be subscribed mo the stock of
d vo! rs, was read a third | > : :
troops and volunteers, was read a ly the bank. The bank thus to be established
time as amended and passed. The amend.
treasury complained that
: { hy 0"z ae ro « 4 1
Jeon all the takes were paid in Lreasury noes
7 1 $4 + i; » + *
X : 5, Aud a C Kew not how that coul sy 4S
co. mad a report verom b H ; nat could be, as he koe
being under consideration sistance and accomodation in its power. A vindication ol Lis 0D opinion; and that most of tire taxes. in his Zin i st
; i LC AS. Ti SS GF + Al 14S
Me Giles moved that the further pro Mri | ie
muiCyy unless that the
HS veietve the taxes nn vood mo ey
speech 13d 1st Jats thie we or
3 TNMEVEDY COI sek 2h” ~arize The nies: io: being 3 after nea] i
benefit, whenever congress shall authorize he juesiion being arn ailCT nearly make Ust ol it to buy in treasury noles at
W wlrs debate, On the lvst amendme a JHscenm 1 34y int ir
t 0 hours deb these NEDUMSLL 4 sceum to pay into the treasupy. and’
reported by tae seleCl conunit ee, was df make « profil trot the differance :
. ‘ : SEAT MUTA? ‘eo
ded a OWS YC } 9 de od a : li
cided as tol.ows X Cas, | Nays. 3 ir Hawkias of Ky. moved 0 smend
. 3 soir added a Words of axl Sg : :
right was also reserved to the government didi a els of Ord it expla were paid in other
“OC 341 1¢ i} . 11 a " : . ‘ . nation my yvepiy wa pall U ir. 1 Ore vih’s SUH ECE
ceedings on said bill be postponed to the tp subscribe, on its own behall and for its £2 Sia hot eich
second Monday in March next— (in other I Ob paying ut idto the treasdry,
words, rejected.)
wp : : . , itby law, five millions to the stock of the
The question on which motion was degi-
- 2d , bank, payable in certificates of stock bear
ded as follows:—Yeas, 8.—Nays,21, : ¥ ie Tr by
ng an interest of four per centam. This Fhe other amendinents, as indtcated a- the motion s yas 10 strike out that p f
; es CT AAT op 3 3 oe ; DOV 5 RS SILKE Lal part o
stock it might scll at great advantage; even bove in Ap ed Ee Péingl K3 were then it AUthulisHip associations for paying (axes
aid agrecdio--ariong icin bey an amend- in treasury noes, tle stated big kuowled re
f 3 Es Licit Lo postpoiie Lie opening of the books of the fact, that the treasury depart. re
successfully into operation. of subscription wo the Last stead of the hadit in ontemplation to issue noics ofa
ryt ' > g naive 3. TO AA r45ry 3 CORP TEA Por 3 D E Ro. i
The amendmeiits to the fivst section ha- second Jiondaay in k el uary. siallier desomiifation than these now hh cir
Wii wae miadle > ~ 2% \ Dy * . A -
A motion was made OY Mr Gasion tur- culation, which would obviiie
ther 10 amend he bill by striking out that the difficult
sart of the amendment describing the (war) e
shee “ao } . 1 ¢ inl ree le vat Foi as i : 30 ‘ 8 5 Lhe (war) cdy y .
which reduces the proposed capital from stock which shall be subscribable to the © This motion was opposed by Musser
‘The report was then agreed to, and, ha-
ving been before agreed to by the house, | : :
+ a : . during the present year, if the bank went
fhe bill wants only the signature of the
president to become a law.
The bill to authorize the president of 4) :
ulogetaer
ving been stated and the question beiug
y tie gentleman desired to reme-
’
the U. Sates, to cause to be built, equipped, :
: proposed to the house or that amendment
and employed one or more floffing batter.
ies, for the deience of the waters of the U, : days ll RL ih Sada thie a Ho tate trp os rss :
: ¥ fifty to thirty millions of do'lars— bank, and laserting 1 licu thereof ¢ or in Potter, Baylies and Law.
"» v oF ti ris eis at t * Y¥ nat reek . ‘ 2 > 4 » vy
any of the public debr ot the United States © Mr Fisk of N. Y. moved to lay thé re-
Mi: Telfair of Geo. bei*e desirous of d : : int taf
Avil, 1 Clair oi x€0. Dlg desirous o irawing an accruing Interest ol six per solve on the table; wh
> SC n Le $
States, was further considered, aud ordered
to be engrossed for a third reading. ; : ich motioy was Stp-
fixing the capital of the bank at forty uil- ceatumper ahEL/D, contracted, or to be ported by Mr. Eppes, and agreed, 61 to
COLES ea by Yi Lue of any act ol congress,” 56.
\ »e wy ry
; : NG \ which motion was negatived. The engrossed bill to brevent inte :
Fripay, JANUARY 6. vote against this "amendment and buief he bill then as amended was then or wily (i 5 : i Lo prevent intercourse
ts} A410 Lina L Po intl 1G acn or- Witty the enemy having been read through
Ta 13 t Bank + : : rod mre halt a S150 i yams : : 4 : \ Iie
National Bank. ly assigned his reasons for so dome. dered; without 2 division to be read a third™®. Mr, Oakiey of N. Y. moved to lay the
t me 10-10! TOW, : bill on the ‘ able, 10 take np th b ink. bill
i Lb suppiementary > ac tha TIAR ROE wr jvirt, . es
1 bli st PA ot ry. to the act for the passage of which he feared mioht be
: 3 fd : n 5 oe : sgitling tu zoo claums LS received tooiong detayen by the discussion wl ich
tire senate toslpcorperate the subscribers ment, though willing to make what he {rain the senate, Lwice read, and referred t : rbot os SHR he Bills Co
| y . g o make what he { : » AOC ICICITEC to might grise on the bill just ycads This
HOUSE OF REPRESENTATIVES. lions, as a proper medium, said he should
Mr. Mi Kee, from the sclect committee Mr. Hawkins of Ky. stated the reasons
io whom was re-comnmitted the bill from “why he should vote against this amend
“lh