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Story
November 22, 1814
The Enquirer
Richmond, Henrico County, Virginia
What is this article about?
In Washington on Nov. 18, the House of Representatives approved Mr. Calhoun's amendment to the National Bank Bill by a large majority, modifying capital to $50M, payment terms, and excluding U.S. control; expected to pass House but uncertain in Senate.
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Full Text
WASHINGTON, NOV. 18.
NATIONAL BANK BILL.
After a very able debate yesterday, the H. of Representatives decided by an immense majority in favor of Mr. Calhoun's amendment. The effect of this vote is, supposing the bill to be further amended (as is probable) in conformity to the views expressed by Mr. Calhoun, to give to the Bank bill the following features: the capital to be fifty millions; subscriptions to be opened monthly in certain proportions, the whole amount of subscription to be paid at the time of subscribing--in the following proportions (in specie and paper--six millions in specie, & forty-four millions in Treasury Notes, hereafter to be issued in such proportions monthly as the Bank will absorb; the U. S. to hold no stock in the Bank, no control in its direction, nor any legal right to demand loans from the Bank.
Thus amended, it is our belief the bill will pass the House of Representatives. Its fate in the Senate with its present provisions, is perhaps questionable.
Nat. Int.
NATIONAL BANK BILL.
After a very able debate yesterday, the H. of Representatives decided by an immense majority in favor of Mr. Calhoun's amendment. The effect of this vote is, supposing the bill to be further amended (as is probable) in conformity to the views expressed by Mr. Calhoun, to give to the Bank bill the following features: the capital to be fifty millions; subscriptions to be opened monthly in certain proportions, the whole amount of subscription to be paid at the time of subscribing--in the following proportions (in specie and paper--six millions in specie, & forty-four millions in Treasury Notes, hereafter to be issued in such proportions monthly as the Bank will absorb; the U. S. to hold no stock in the Bank, no control in its direction, nor any legal right to demand loans from the Bank.
Thus amended, it is our belief the bill will pass the House of Representatives. Its fate in the Senate with its present provisions, is perhaps questionable.
Nat. Int.
What sub-type of article is it?
Historical Event
What keywords are associated?
National Bank Bill
Calhoun Amendment
House Vote
Treasury Notes
What entities or persons were involved?
Mr. Calhoun
Where did it happen?
Washington
Story Details
Key Persons
Mr. Calhoun
Location
Washington
Event Date
Nov. 18
Story Details
The House of Representatives voted by immense majority for Mr. Calhoun's amendment to the National Bank Bill, setting capital at fifty millions, subscriptions in specie and Treasury Notes, with no U.S. stock or control; bill likely to pass House but fate in Senate questionable.