■• .f , '
■ .-a
-
I Davis’,
me li.
>«elvc3
>ERS
I be al>
rdsj and
pUiblea
ler.
kclusive
y of the
lexpcri-
I to give
-6 m
h custo-
|hc Ktill
at his
|h Mint,
le, aud
jmplotc
of the
lediato
118^11.
trading-
iTcorgc
some
[i, 1811,
as the
>ved to
tomcrs\
to the
^o\v, a
Jivill be
|s to be
no ef-
Iderutp,
LSll.
icriberj
Ihouse,
liino, (I
Ilev,
jtive or
id spo-
|d boy
Bs niU'
prelh\
I'c Re
ly Jail
lER.
^LAN
I, and
Jh-st of
(to add
Ivunt:;-
(itiono-
v.'lii'.'h
of
BTER
[liihed
earh,
Hisifet'
I single
|n» the
Inotcs,
Irwiot',
jcriber
I'XCCpt
list bo
)floss
con-
have
land.s
liscon-
|ie has
ice for
liot. bo
tr and
)on as
after
vs-ill
lontin-
lereon
raLioil
(;ve-
iccor-
II..)
[sued )
itead,
jitlier
)f de
>er of
ad-
ind ill
litions
7 or
|v svib-
idll.)
U th(>
Avho
IS-
tatfd,
,'idiiai
Itoliice
siu'h
lie hkc
ranta-
the
id for
pobt-
pro-
pro-
jation
pay-
lying
lt€5 in
ieher,
l-spe-
III'
■m
Sfe'
••V K‘
JOSEPH W. HA3IPTO\,
Tlie powers granted under the Conslilulion,'temg dcrivod from the People of the United States, may bo resun^d by them, whenever pervortcd to tUcir injury or oppr«sion."_.UatZ;
ison,.
Editor and Pnblisheir,
VOLUME I.
CHARLOTTE, N. €., JULY 6, 1841.
S NUMBER 18.
T K R 31 S :
The ‘‘Jlcchicnburg Jf^crsoiiinn'’ is publi&liod weekly, at
7’iro Dclhxrs and Flfl]f Cents, if paid in advance; or Three
Dollars, \i not paid before the expiration of three months
t.om the time of subscribiu5. Any j)crson Avho will procure
subscribers and becomc responsible fur their >ubst*rii'tions,
i'hall have a copy of the paper gratis or, a club of ten sub
scribers may have the paper one year ii>r Tict-rfy Dulhirs ;n
advancc.
No paper will be uiscontinuf*;! wlnle die sul'scnber owes uiiy
thing, if he is able to payand a failure to notify rho iMifur
of a wish to (lisconfinue at least one Mosrii the cxnua-
tion of the time paiii for, will be considered a ni sv tiij^agement.
Original Subscri!>ers will not be allowed to di.scontinuc tiie
r;ip'.r before the cxitiration uf the lirct ye::r witnuu! pnyinij fo.*-
a full year’s subseri]tion.
Adrertiicmcnt^' will be con.?picnou^:ly and corrcctly in.=^rt-
cd at One Dollar per siiuure for th(^ first insi rlion, and 'J'u-cn-
Cents for caeh coniinuanco—excej)t Ct'urt an'l oilier
juiiicial advertisements, m hich will be charged {'xctity-Jiv:per
ccjit. higher than the above rat s, (owinj' to the delay, ^ nc-
rally, attendant upon collections). A liberal discoinu will be I
. mode to tho3e win advertise' l-y liie yr-tr. .\.'lvtTt;stnK-!i1s sent
in for publica*^ion. nui:-t be marked uilh the hi{n:t)er uf inser
tions desired, or ihi'y will be publifhvd unni f Tbid and cir.ir-;* t
ed accordittgly.
iC!y’'I-'^-''tt^ rs to tiie Lditor, uidiss contaiuia^ rnon-'y in .'in;ts
oi 1-ii'c DcUar^i', ov ovcr, mciSt come free'of dr the
nniount paid at the oific- here will be char-j.u to die \\rit. r,
in ev'cry instance, and collecifd ap orh* •• acc/ui’.ts.
Catei’^Y?>a Sprli»«.s,
THE Sul);-crib{'r vv;nild iuf’>rni tlio pnuli/-
•. nrrally, that lie is prej-.urcd fo ntoi-i:>in \'isirt'r.s
-.1 ihi* Jibove oeltd)ra!t d watvTlti'j-piai'.'. und nh'djT;*.^
]!imsi'll‘that no .v^IkjU bi> : jvu-t‘d /
c.,,mtbr+>'ide and prutiTalde tlu' stay of ail w In. iaav
• ail o’.i !iiin. Terms oi !io:irtl moderat.'. t i soi« ili'.-
TUO\L\>S TLvMi’'jX>.\.
Lincobi county. X. ( *., .\pvil C. IbiO.
i’lio C anidrn .1o\irnnl v, i!l ipKi'i'f tlu* above
works, niid iho Uiiarloslon (,'oniif” weckh. l-,« the
amount of o’, aud torward tin' ac. oimt.- to '1'. ]J.
THE Annual Examina
tion of the Pupils of the
CJtarlotte Female Academy
will commence at the Pres
byterian Churchj' on INIon-
day, July 2Gth, at 10 o’clock
A. M. Parents and Gnar-
dian?^, and other triends to
the instituiion, arc respect-
full'.', invited to ottend.
D. X. HUTCHISON, Principal.
H., contemplating a joiirnry to New York
inniu‘diat(dy after the close oi' the Session, retptests
such of her patrons as reside in Town, to call and
soldo their re.=pcctivo bids tur tuition, the week pre-
\ious to the Examination.
June 20, IHII- 17...3\v
IMPORTANT SALE, ~
1 N obodieilfT to a Decree issuin;^ from the Court
of Equity for Mt'cklenburg County, we shall expose
10 public sale, at ttJe Court House in Charlotte, on
Monday. day c*i’Jtiiy next, the following'pio-
pcriy, \ u’:
111]TWEEV 50 & GO
^ aliiabic Ne>Toes,
Tvveuty-Seventli Congress... 1st Session.
In Senate....June 18.
Mr. Wright resumed and concluded his exami
nation of the Iiepoit of the Secretary of ftie 1^’ea-
siiry. He confined himself strictly to the figures jf
tlie Secretary, and gave the following as tiie result
of tiie analysis;
Outstanding appropriations on the
4th of March last, .
Tiie appropriations bv Congress for
ISll
I, were ....
Leaving a balanr.e of outstanding ap-
projiriations at that date of
'Fhe Secretary proposes to expend
during the remaining ten months
of the year, of outstandiiig appro
priations, - - - . -
-Vnd recommends new appropria
tions, amounting to -
Total proposed expenditure for ten
moiitiis, - - - . -
'J'he Secretary giv'cs his available
means lor tiie ten months as
$33,4‘29,G16
18,318,197
15,111,419
24,210,000
2,521,330
26,731,330
20,730.395
among wliich arc several excellent Meclia;iics, Mi
ners, Mouse Servants, &c.
One Corner Lot Iiisprovemeiifs,
and .several improved and unimproved Lot.s in ihe
Town oi tJliarlofto. One trart of Laud in the vici
nity ot Town; an interest i?i the Lt.'non’,-? Mine ; an
iiuoresi in a Saw ]\iill on Suuar Creek, to*7Cther
wyth Horses. Wairons, Stock of various kinds, atjd
.‘ther property, deemed unneces.^ary to monticn in |
v. lai'. made knou'ii on the day of Sab' '
JOSEPH H. WILSON, \
i’.r';-. o/' ir. Morn\‘o/f, f/ro'(/. /
J-NO. J. BI.ACKVVOOD, i* ^
JA S. Vv'. OSJ30RNE, ^
('liarlot!..*, Jimci^L>, ISll. ' 1(>—t.s
Leaving a deficit at the end of this
year, of G.000.041
J’o ascertain tlie real deficit, Mr. "W^right said
there should be deductL'd fir.st, the new uppropria-
tiotK"^ r.'^•commended, 552,521,330; 2d, the amount
of 0 ptv’ cc.'U. 1 reasnry notes, not pay«jble till next
year—eqn.J to 81,000,000; ad, the amount in the
i -Mint atid hicluded in the Sectx:tary's
i statement, Js215,1 1—*'nuking together S’^.7 Stj.-iSs,
I Chich deducted fron: the 8t( rotary's ^6,000,9415
I wouiVJ leave a deficit or aV^t t/'C c/osr. of the vear^
of ii2,2t) ■^-4ri2. Thus it as the
ssitairsj jLir^vn'ruisr;
S.\LE CiF
1 aliiablc l®i*operty.
Secretary’s ileport was to be aiuhoiit}*,
tlie ‘‘grave aii:i weig.hty matters p.’'iucipai.’y con-
ncctod with the revenue and finances tJ cor.'U-
try, ’ wliicli were given the occasion ol .the ex
tra session, were nothing moT^ ^^or less than to
thorize the Secretary to tal^e 264,452 from the
out.-rtanding appropriations, and app/;-’ it to tlie ser
vices of the year 1841.
.-liort notice, on moderate t jrin-
( er.oi’ia^ well. A portion of :
r. .'pect:'illy snlicito.i.
' 'iiarlotte. June 1. ISl!.
:ni
G.
FQX
The b(flanrc of ihc Slock of
"I :i)K Y-GOOJ3S;
- A\D lIAiJDWAKE:
wt
HQHSESjGATTLE,
was for the bill upon the principle of justice. He
considered it no bounty or gratuity for military or
ci%’il services—if he did, he would not vote for it.
He Said, if civil services were to be rewarded, the
House might as well pay Mr. Adams^ or the heirs
of Mr. Jefferson, for theirs.
Mr. Sergeant wished Congress to do what hu
manity required to be done, and having quoted all
the imconstitutional acts of Congress in favor of suf-
I’erers by field, lire, and flood, closed his speech by
repeating the first part of it. He said the Presi
dent’s family would be left in want, without such
aid.
r>Ir. I'ndcricood of Kentucky, said his heart was
on one side and his judgment upon the other. If
tiii.s was a new case, he might be led away by his
heart; but as he had, heretofore, in his judgment,
opposed all such claims, he should do so now. He
guA'e his reasons thus at large, because a gentleman
from Indiana, on the other side of the House, de
nounced those who should vote against the bill.—
fie objected, because it was retroactive in its provi
sions, and h.jcause it called into existence legislative
discretion, and applied it lo past ca.ses—because it
provided lor the widow of a President for services
rendered by her husband while in office, thus in
creasing the President's compensation after his
death, if it applied to the widow of the President,
it appilied to the widows of military ofiicers. He
considered if tliis hiil passed, that Mr. Jefimon’s
heirs might with eqttal propriety claim tlie same
compen.sation. He objected to it further, because
lie understood Mr. .Vdams to say, that it was to pay
expenses incidental to an electioneering campaign.
Mr. Adam.^ denied that he said so. Mr. Under
wood repliefl, that the gentieman’s printed remarks
in the Intelligencer justified such a construction.—
J/. then, sucli a principle was to bo established in
the case of a deceased President, it v.'ould uppl}’
with eqjal lorce to deceased members of^Congrefs,
and to {he military ofiicers generally. He said a
stage-driver wlio lecame disabled in tiiC service of
the United State-?, '^ ith equal propriety, ask
fo2’ a pension. He thought it was time to pause,
when called upon to StxUie such a principle. It
\v,:s a feau're of an EuropCiJi Goveinment, which
he dia not wV-h to imitate. IiO commented upon
Mr. BMkck's a.-^unient ihu;^ tL'>riir£houri''bc bdievc, timt a Na-
ii’e «^ta*ion of Lank is iiiu!speiisably neces.sary, tney will
Has just received a largo an-1 r
53v»JS,o. iJaint.Q,
'rjioiiipstsnian
'. W^iiK’s and Spirits
lil{*(li('?jl :ls\
Dyc-StulVs.
Medic
'•I r
And a vari*-ly o* other ar*ic.le;\ all ol'v. liicli he
■\varrants trenuiiie. and wid sell lov/ for cuii.
Chariottf. April 27. i''lo.
...r
HA\'L\G reniovod tlieir .stock of Goods to tlie
country, and dechaed ]itisiii,“^s in (.'hariottf*.
the underf=igued earjiestiy leiju* .'t all p- rsop.s owinL»^
ihein, eilher by not#; (>]• ai'coiinf, iininodiatelv to (‘a!l
and make seTtlcirii'nt. WILLI AM A L!-'.XAN]'>E1?
will remain in Charb^tte to cb)-e tlve i>o.iiic,ss of the
late concern, and it is hoj-ed liioso iiuUbU'd will
J';ot disregard this notice:—at any rato, nil aro re-
‘piested to call and see him on lh; .'-•ultj'’‘t. and sucii
; owe account.-', and cannot now pti}', caij close tiieu'.
hy note.
Tlie .?idj.soribcrs will Keep constanth oa iutrid a
larije and well sehtcted .stock of
^000. S?)trj5;
ALSO.
HciiseIioll aii«l Kiiciien Fiiriiitiire.
A aUANTlTY OF
Wlieat, Com. and I3acon,
And i’uyio:.’s ofht-t’ prodiLcltons of the Farni ;
every description, and numerous other articles
not liere mentioned.... made known on the dav
of .sale. JjEXJ. MORROW, *
Admr. with the Will annexed.
June 5:0, ISil. 17...ts
ALTj per sons indel)ted to the above Estate; are
hereby notilied that immediate settlements must l»e
made, as it is well known that indulgence cannot
he L^iven : atid tho.'=e havini claims against the
same are required to pre.ent them within the time
pres-frihed by law, legally authenticated, or this
n>)tice A\ ill l>e plead in bar of their recovery.
All persons who do not avail themselves of tiiis
notice, may r::pcct to pay cost, as the situation of
the Instate is .such as to require ]n’oin]>t payments.
13. MORROW, A dm., &c.
June 19, ISll.
TO THE
Far^liioiiaMc PiiMie.
And every othc'r aiti-le in tlie nirrc.anlilo lint?, at
tlii;ir Bland at (TiEAH CRELK in this County,
V here they will be pleased to s-ee and accomniodate
ali who may favor them willi a call.
ALEXANDER LROTHERS.
Charlotte, ]\Iarch ISll. [>-r
‘• With Scissoas slia'^p anil R.\/,oii k(‘en,
I'il dress your hair and shave you clean.’’
Buonaparte, the Barhc.r,
REjSPEC i r ULL\ infonnf? his custoinors.
that he ha.s removed his estaldi.^lmiont to the
eaf-t end of C(d Alexanders LoniT Row, a
lew doors ea.it of the Courthouse, vvlier*' he Avill lie
}>leased to see them at all tiines. lie jirolrsses to
master of the
tort to
to suit the time^:. [Cl
j bruary of this year, and not pa\^;-,ble until next year,
I H 1.000,000; funds in the Mi ,t and Branches;
215. leaves the exact amount ari ived at in analizing
tlie Secif tary’s deficit of the year, viz: S2,2G4,452.
Tlius, the Secretary to create a debt, had anticipated
the 'i'ieasury notes not due till next year, amount-
j mg to over ^7,000,000, had recommended new ap-
I propriations of !?2,r>00,000, and to raise four mil-
j Hons for the use ol a fiscal agent to bank upon.—
1 Tiiat in the opinion of the Secretary, this debt v.as
j so large that it could not be paid short of eigiit
j yeais, without too heavily burdening commerce
and tiie people; that he therefore recommended the
permanent funding of the debt for right 3'ears---that
lie then further reconimendcxl an increase of the
taxes, by raising a duty upon articles which are
now free from duty, to the amount of from five to
eight millions per amium; and then said Congress
might meet tiie current expenses of the Government,
pay the interest upon the 16 million debt, and make
any disposition the\’^ should please of the revenue
from the public lands. In other words, he said it
was a system of fiiwnce, which proposed to raise
by taxes from five to eight millions, and create a
permanent debt of sixteen millions, to enable Con
gress to give away three millions in the shape of a
di.stribution of the proceeds of the public lands.
Mr, Woodbi/rt/ followed Mr. W^right’s very lu
cid e.xposition in r'}>ly to Mr. Evans’ remarks of
yesterday, and showed conclusively that everv ef
fort that gentleman had made to extricate the Secre
tary from, his blunders, Itad plunged him into oth
ers still more end)arrassing. The debate was pro
longed until .after 5 o’clock, when IVIr. Calhoun an-
j nounced his intention of speaking on the subject,
I and after allndijig to the long silting of five hour?
passed on account C! the ui^nhy ol ii
'the objrct of it. That \yas one of hi; objections to
I'He bill. He was \v Jling to’ give an indemnity but
woiJ'^ a gratuur- He in case of cn:
aitist, been hired by the States in
a ibrr-ign paint a pi-jtureiu his country,
and who, after T’^akhig preparations in A^aly, and
eml)arking for this L'^^'^'^try, had died in our s'hores,
lie should led bound t> an indemii.ity but i?o
gratuitv
the country. He had a high respect for Mrs. Har
rison and for the late Piesident. He said that the
025,000 w’Tis paid to increase the national d'^bt, s6
that a National Bank might be made upon tiie
same. Ho said, if the majority did not like his rr-
marks, he could not help it. He spoke for his God
and his constituents, and he had no thanks to offer
to the Committee of the Whole for listening to him.
Mr. Marshall of Kentucky now arose, and, after
a few preliminary remarks, said Gen. Harrison
was called to the eapitol by the voice of the whole
people. He regretted his death on account of his
country, but oh his own accoimt he did not regret-
it. Heaven interposed ere he could have fiis ear
pierced by the wantonness of faction, and removed
him to a happier land. He said he v/ould not stir
the ashes of General Jackson even if he were dead,
whom he had opposed during his Administration.
Heaven knows, said he, that we have germs
of dissention enough among ourselves to contend
against, without conteixling upon this question. He
said, in the grave, General Harrison reposed. He
was safe there. This was no question of party.—
He said he shouM give his vote according to his
conscience, and he considered the House of Repre
sentatives a court of con.science.
The vote was now taken, and the committee fill
ed the blank with ^25,000. 'i’he committee then
rose and reported the bill to the House, and it finally
nassed.
MR. CLAY^S NATIONAL BANK, ^
Mr. Clay, fro.m the Senate’s Select Committed
on the Currency, reported,jii.^ plan to that bcxly ou
the 21st instant. And a “ monsie.r^‘ it is, brushin.g
av.'ay the Constitution and State Right.s with a ven
geance. But vre shall speak of tiiis measure else
where.
After asserting that the con.stitutionalify airi expc^.
dicncy of establishing a Bank have been clearly
settled by the highest authorities, and by tlie voice of
the People, the Report proceeds:
Passing by therefore those two questions as be
ing imnrc(.ssar\' to be further argued, and assum-
i proceed at once, to the particular form, powers, and
‘ faculties with which it maj* be expedient to invest
such an institution. And hero the cornmittce havo
no hesitation in saying that, confiding in the cxpc-
r'ibr.cc cf forty years, during v/hich the nation has
enjoyuJ tlie beneiit of a National Bank, and dur
ing the gipater part of which it has realized every
I reasonable ht.^’^e and expectation in the operations of
‘ such an institutioD, they came to the coticiusion that
M 1 AT T’ 1 if would be wisest to dismiss all experiments, and
. ir. .\/rn o--7 Ol Tv, nt!i--ky no> j]- ,1^'^ *lingf to experi- nce and assume the last charier
.“its Ot Ixubert 1’ ulton. ! pntrrnrtTno
o 1 -I. ^ sultry (diamber, and the apparent exhaustion
fniK- t 1 re.spect- j of many of ihe Senators, asked for an adjournment,
luilv tender their thanks to the. -\ r„ ru* i i ^ S i j • u
citizens of Cliarlofte, and the not, and hoped the question would
public generally, for the libe-1 fii^^posed of to-nignt. There would be pressing
ral patronage tliey have recei- business before the Senate on Monday, on which
ved since they commenced the the Senate had by a previous vote resolved to ad-
r/’ •/ .* n ' Ijourn The Bill to incorporate the Banks of the
iciUuutig Jjusincss j District, and probably the report of the Committee
in this place. From past ex-' die new fiscal agent, &c. The question was
er of the - Tonsorial Art,- and will s).are no eH j i
0 atlord entire satistiiction. C-harges moderati. : f. V English and t re
it the time^:. [Charlotte. March 0. 1811, ' J'beir Shop will be found in the
^^^ILLIAM HUNTER would inform his custo-
▼ " mers and the public generallv, that he .still
owtinues the ROOK-BINULNXi BUSINESS at his
oal stand, a few doors south-east of tlie Brach Mint,
lie will be happy to receive orders in his line, rind
pledges himsell to spare no pains to give comi)lete
j^atisfaction. ^ o i
at his Shop, or at the Office of tlie
Mecklenburg Jetiersonian,’‘ will receive immediate
ajtention. [Charlotte, ?»Iareh 5. 1811.
Caul ion!
^ HEREB"\ caution all persons against trading
^ tor a note ot hand, given by mvsell’ to George
Duckworth, for dollars and"”probably some
'-'nits. Said note is dated the 29th of March, 1S41,
and made payable six months after date, and as the
‘■onsideration for which it was given has proved to
Iraudulent, I do not intend to pay it.
, EDWIN POTTS,
-^-cckicnburg Co., June «. 1842. 11...bV
penence, they now have no
hesitation in saying that they
are prej>ared to ^ivc general
sutistaetion to all Avho may favor them witli their
(>afronag»\ All work done in their establishment
will be WARR.vNTED, SO far as making and cutting is
concerned. They liave just n^ceived their Spring
nif/ Suhnncr Ihshions. and will continue to receive
'rench Eashions-.
south-east wing
of Mr. Leroy Springs’ brick building.
BETHUNE & JOHNSON.
Charlotte, April 20, 1840. 7....V
then taken, and the motion for adjournment was
carricd.
Return my Cane I
IOST !—At a public meeting at Labatfs Cross
^ Roads in October last, a hickory WALKING
STICK. silv^er mounted, with the name J. Houston
on the head. The person who'has said stick will
confer a favor on the owner by leaving it v.dth Mr.
Braley Oates in Charlotte.^
June 29, 1841. ' 17...3w
Administrator\s Notice.
,A LL persons having claims against the estate of
A Gilbert Coles, deed., are hereby notiffed to
present them legally authenticated within the time
prescribed by law*, or this notice will be plead in bar
of their recovery. x\ll persons indebted to said es
tate, are also notified to make immediate payment,
or the services of an officer may be employed.
JENNINGS B. KERR, Admr.
March. 1?41. 5—F
DONATION TO HARRISON.
House of Representatives.
?*Ir. Gilmer of Virginia commenced his speech
upon the bill for the relief of Mrs. Harrison. He
considered this no matter of sympathy—if it was,
I no one could object; but it was a matter of propri
ety, of constitutional right, which they had to con
sider. He thought the representatives of the peo
ple were but the trustees of the people, and had no
right to vote away their constituents’ money upon
the authority of precedents. He never allowed pre
cedents to influence him. He was for being just,
as well as generous. He thought the friends of
the bill should re'^erve their rhapsodies for some 4th
of July. He was for voting to the heirs of Harri
son, a sum sufficient to cover the expenses incurred
by the Genei*al in obeying the call of his country.
He was for putting this case upon the principle that
allowed the ex-Presidents the franking privilege,
viz : to enable them lo perform the duties which de
volve upon them from their office^ wdthout subject
ing them to expense. He considered the glaring
abuses of the pension sj^stem. He thought it de
manded reform. He wanted no stars or garters to
encourage the w'orthy. He said Republics were
denominated ungrateful. He thought generosity a
dangerous principle in a Republican Government,
but justice a virtue which should be cherished IIo
he
him.
3Ir. Sf/mm^rs of Virginia said he should vote to
fill the blank in the bill with S25,000. and then
vote for the bill. His judgment and his heart, un
like those of the g'ntleman from Kentucky, went
together in this imitter. He should not stop to look
at the constitutional question. He went upon
higher and safer ground. He knew no fractions
in paying Presidents. He went for granting the
heirs of (Jen. Harrison an indemnity lor losses sus
tained aud expenses incurred by the late President,
in jireparing to take the chair of the Chief jMagis-
tracy of this .Government. He said his postage
alone, from the time of the Harrisburg Convention
to the 4th March, 1841, amounted to i^LSOO. He
said it was no debt, evincetl by bond or covenant—
it was a high moral obligation on the part of the
nation to relieve the family of the illustrious dead
from tlie debt incurred by him in taking oflice.
Mr. iiordon. of New York novv- obtained the
floor, and defended his amendment ofl’ered yester
day ; to make this pay 556.250.
Mr. Gordo7i said he had tmderstood since he of
fered his amendment, that the President had recei
ved his qtiarter\s pay, and therefore he should go
agonist allowing the late President’s heirs anything
more. He quoted from the Constitution to show
that the President could not receive, during the 2>c-
riod for which he u'os dcctc.d, any increase of paj?’
or any emolument. He considered this bill granted
an emolument during the term of the President—
that it Avas a brea^^h of the Constitution to give it.—
Here a cry of question, questionj went up like the
voice of many waters and echoed in the arches.
Mr. Broiv/i rose and stated that he had taken
dov.'n the names of twenty five members of the ma
jority, who had spoken on this question, and but
five in the minority.
Mr. Gordoji said that he was not to be coughed
or cried down; gentlemen mistook their man, if
they suppe>sf^ that he was to be affected by the ma
chinery of their political party. He meant to vote
as the Constitution commanded hiia to vote. He
joined issue witii the opposition before the country
upon this breach of the Constitution, and he shoufd
be heard. He supposed the gentleman from Penn
sylvania [Mr. Sargeant] would be pleased with the
splendid examples of the old world, but he should
not. He asked if this Government had a human
existence to shower down sympathy, or was it a
union o| States, hound by the Constitution and to Ic
governed bv it .2 He said Gen. Harrison owed the
United States 818,000.
Mr. Pendleton denied it.
Mr. Gordon of New York reiterated the charge.
He said (3len. Harrison’s estate was at this moment
v.'Drth 8100,000, and that this money, if allowed
him, should go to his executors.
Mr. Briggs now called the Committee to order.
i\Ir. Gordon continued, and defended the old sol
diers. He said that they had fought gallantly, and
were paid ofT in continental rags. They, therefore,
had received no pa}^, and the pensions paid them
were just. He said the money was asked to p^
the exoenses of an electioneering campaign, rfe
wanted to know why Mr. Van Buren w'as not en
titled to receive his pay for his expenses during the
same campaign. He said if the fathers of the West
were to-»be pensioned by Congress, he hoped the
mctbt rs of I bo V/est Vv'onld net all be saddled upon
' enj^raftin'g nJ)on ii ;suini‘’iv5cnc\iO[ft, g^uaiMu
bill ^'^hich'accompanies it, h^ i^as taken as his mo-
dci the v'‘l^^^rter granted by Congress in 1816. On
that ho lias f'uggested a great many valuable iri*r
provemeiJs, n.
‘«iSt of which the committee have in
corporated it» the ^I’aught of a bill which they now-
report to the Stti,ate. t^sdratight they wish to
ofi’er to the Senate some explanations and ob
servations. rx- 1 ■
I'he committee have auv'^pted^ >V ashmgton city,
proposed by the Secretary ot ihe ..
place of location of the principal bank. -Y
lieved the place of its location is a su,
question; but there are many advantages fro*^ _
piomixity of the Bank to the Government. 1
distribution of the capital of the Bank amonrr tb"
several commercial cities, in proportion to tliJir rt -
pective wants and magnitude, is what they natur^ti-
ly desire, and what v/ill doubtless be done But to
guard against the exercise of any undue Clovern-
ment or official influence, or the imputation of any
unworthy transactions, the cemniittee have thought
it expedient to deprive the parent 13ank of ali pow
er to make discounts or loans whatever, except loans
to Government, authorised by express law. In or
der to ensure the command of the best financial abili
ties of the country, the bill provides that the Direc
tors of the parent Board, which is to consist of nine
members, shall 1h paid for their services by the Cor
poration, and all compensation to the Directors, in
the usual foim of bank accommodations, is utterly
prohibited.
Thus, the Directors of the Bank at Washington
will become a Board of Control, superintending the
branches, supplying them v.dth a currency and
• banking exclusively through the agency of their
offices of discount and deposit.
The capital of the Bank, proposed by the Secre
tary, is retained; but a power is reserved to Con
gress to augment it by the addition of twenty mill
ions, making the aggregate amount uhimately fifty
millions of dollars, if that should be found to be ne
cessary.
To guard against undue expansion of the cur
rency by the operations of the Bank, various rC'
strictions and securities are introduced.
1. The dividends are limited to seven percent,
per annum ; and, after accumulating a reserved
fund of two millions of dollars, to cover losses and
contingencies, the excess beyond that seven per cent,
is to be paid into the public Treasury. And, what
ever excess remains at the end of the charter, be
yond the reiinbursement to the stockholders of the
capital stock, is atso to be paid in the 'I’reasury. If
the dividends fall below seven per cent, during any
year of the charter, the deficienc}” is lo be mado
good out of the surpluses previously paid iiito the
Treasury. The effect of this provision is, to maka
a permanent and invariable .seven per cent, bank
stock, assuming that the Bank is conducted with in-
tegrity and ability.
2. The debts duo to the Bank are required not
to exceed the amount of the capital stock actually
paid in, and 75 percent, thereon, which is a greater
restriction than usual.
The total amount of debts which the Bank is
authorized to contract, over and above the deposites,
is not to exceed tvv’^enty-five millions of dollars, which
is also a greater restriction than was placed upon
the late Bank of the United States.
3. The pucli'’ity ’vhich is required of the geaer-