Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for Herald Of The Times
Domestic News March 13, 1834

Herald Of The Times

Newport, Newport County, Rhode Island

What is this article about?

U.S. Congress proceedings March 3-6, 1834, centered on debates over removal of public deposits from the Bank of the United States, petitions for restoration and re-charter, committee reports, resolutions on land sales, and other business including a Rhode Island election dispute and a new senator's seating.

Merged-components note: Continuation of congressional proceedings across components.

Clipping

OCR Quality

98% Excellent

Full Text

IN SENATE, Monday, March 3d.

The session was occupied in the discussion of the deposits question, Mr. Hill of New-Hampshire, having possession of the floor. At 4 o'clock, before he had finished his speech, the Senate adjourned.

In the HOUSE, Monday, March 3d.

A great number of petitions, praying for the restoration of the deposits, and a re-charter of the U. S. Bank, and also several on the opposite side, were presented, referred, and ordered to be printed. Mr. Gordon presented the resolutions of the Legislature of Virginia, which were read, together with the following letter from Governor Floyd, to the Representatives from Virginia.

Executive Department,
Feb. 13th, 1834.

Sir: In compliance with the request of the General Assembly of the Commonwealth, it gives me great pleasure to transmit to you the accompanying resolution adopted by that body, disapproving of the recent act of the President in withdrawing and withholding the public deposits from the bank where they had been placed by law.

This dangerous and alarming assumption of power has already inflicted deep and lasting injury upon the citizens of this Commonwealth, which your efforts and exertions in the Congress of the U. States, it is hoped, will aid in alleviating us as far as practicable, and restraining the disposition which the President has manifested to extend his official authority beyond its just and proper limits, which he has so clearly manifested in his recent interference with the Treasury Department of the Federal Government.

I am sir, with respectful consideration,
your obedient servant.

JOHN FLOYD

IN SENATE. Tuesday, March 4th.

Several memorials on the subject of the deposits were presented. Mr. Poindexter, from the Select Committee on the Rhode-Island Election, made a report in favor of the claim of Mr. Robbins, and adverse to that of Mr. Potter. Mr. Wright, who dissented from the report, said that on a future day he should present a counter report. Mr. Hill concluded his speech on the subject of the deposits, after which the Senate went into executive session.

In the HOUSE. Tuesday, March 4th.

Mr. Polk, from the committee of ways and means, to whom had been referred the letter of the Secretary of the Treasury, and other documents on the subject of the removal of the deposits, made a long report, which he moved should be printed, and postponed for consideration until Wednesday 12th inst. The report concludes with four Resolutions:

1st. That the Bank of the U. States ought not to be re-chartered. 2d. That the public deposits ought not to be restored. 3d. That the State Banks ought to be continued as the places of deposit of the public money, and that provision ought to be made by law, for the regulation of these deposits. And 4th, That a committee be appointed to inspect the books and examine the proceedings of the Bank of the United States with power to send for persons and papers, and summon and examine witnesses on oath, and to report the result of the investigation and the evidence to Congress, at as early a day as possible. The motion to print and postpone was agreed to. Mr. Binney presented a report from the minority of the committee on the same subject, and 15,000 extra copies of both reports were ordered to be printed. The bill to provide for the settlement of certain Revolutionary Claims, was taken up, and before any discussion upon it the House adjourned.

IN SENATE, Wednesday, March 5th.

Mr. Leigh, Senator elect, from Virginia, in the place of Mr. Rives, resigned, appeared, was qualified, and took his seat.

After some other proceedings the Senate proceeded to consider the resolutions, moved by Mr. Poindexter on Monday last.

That the Committee on the Public Lands, be instructed to inquire into the circumstances attending the recent sales of the public lands in the State of Mississippi and Alabama. These resolutions also direct an inquiry into the manner in which the President's Proclamation of the sale of these lands was promulgated and into certain fraudulent practices alleged to have taken place at the sale. And on motion of Mr. Grundy, they were also instructed to inquire into 'the causes why usual public notice of the sales was not given.' On motion of Mr. Morris, the resolutions were so amended as to make the inquiry general, and to extend to all the land sales in the United States. After several ineffectual attempts to amend, the resolutions were severally adopted.

The Senate then adjourned.

In the HOUSE, Wednesday, March 5th.

Mr. Wilson presented a memorial from about 600 citizens of Wheeling, Va.; Mr. Loyall, a memorial from the borough of Norfolk; Mr. Conner, the proceedings of a meeting in Cabarrus, Co. N. C.; Mr. Deberry, the memorial of citizens of Fayetteville, N. C.; Mr. Wilde, the memorial of upwards of 400 citizens of Augusta, Ga. and vicinity; Mr. Lyon, the memorial of citizens of Salem, Ky.; Mr. R. M. Johnson, the proceedings of a meeting held at Union, Boone Co. Ky.; Mr. Pope, the memorial of 1000 inhabitants of Louisville, Ky.; Mr. Mitchell the proceedings of a meeting at Norwich, Ohio; Mr. Carr, the proceedings
of a meeting in the town of Madison, Indiana; Mr. Reed, a memorial from 1920 citizens of New-Bedford, Mass. (being all to whom it had been offered, except 20 persons;) Mr. Allen, a memorial from citizens of Burlington, Vt. all disapproving of the removal of the deposits, praying for a restoration thereof, and for the re-charter of the U. States Bank. Mr. Mitchell, presented the proceedings of a meeting at Zanesville, Ohio, in opposition to the restoration of the deposits, and Mr. Beardsley, a memorial of similar tenor, from 570 inhabitants of Chautauque Co. N. Y. The call having now been made on all the States, in succession, the House adjourned.

IN SENATE, Thursday, March 6th.

Mr. Wright, presented the memorial of 316 highly respectable citizens of Buffalo, N. Y., praying for the restoration of the public deposits to the Bank of the United States, and the re-charter of that institution.

Mr. Sprague offered the following resolution:

Resolved, That the Committee on Finance be directed to inquire into the expediency of making certain foreign coins, particularly Spanish Milled Dollars, and Five Franc pieces, a legal tender, and current by law.

Mr. Prentiss offered the following resolution, which lies one day upon the table:

Resolved,

That the Committee on Manufactures be instructed to inquire into the expediency of increasing the duty on foreign marble, imported into the U. States.

The Senate proceeded to the consideration of Executive business, and then adjourned.

In the HOUSE, Thursday, March 6th.

Mr. J. Q. Adams asked leave to offer a resolution, which being objected to, the rule was suspended by the House, and the resolution was offered, as follows

Resolved, 'That the Secretary of the Treasury be directed to report to this House, a statement of all the sums denominated in the Treasury accounts, unavailable funds; specifically designating the several banks, or individuals, indebted to the Treasury therefor; the time when each debt first became due; the time when failure of payment thereof, first occurred; the security, if any, which the public have for payment thereof, at any time, and the prospect of such eventual payment.'

This resolve, according to the rules of the House, lies on the table for one day.

The resolution of Mr. Mardis, on the subject of the Deposits, coming up once more

Mr. Clowney, of South-Carolina, resumed, and concluded his remarks in opposition to the resolution.

Mr. Clayton, of Georgia, obtained the floor, and spoke in opposition to the restoration, without concluding; when

The Commutation Pension Bill came up next in order, as the unfinished business, and formed the subject of debate, for the remainder of the day.

The House adjourned.

What sub-type of article is it?

Politics Economic

What keywords are associated?

Congress Proceedings Bank Deposits Us Bank Petitions Resolutions Public Lands Rhode Island Election

What entities or persons were involved?

Mr. Hill Mr. Gordon John Floyd Mr. Poindexter Mr. Wright Mr. Polk Mr. Binney Mr. Leigh Mr. Sprague Mr. Prentiss Mr. J. Q. Adams Mr. Clowney Mr. Clayton

Where did it happen?

Washington

Domestic News Details

Primary Location

Washington

Event Date

March 3 6, 1834

Key Persons

Mr. Hill Mr. Gordon John Floyd Mr. Poindexter Mr. Wright Mr. Polk Mr. Binney Mr. Leigh Mr. Sprague Mr. Prentiss Mr. J. Q. Adams Mr. Clowney Mr. Clayton

Outcome

numerous petitions and memorials presented on both sides of the deposits issue; reports printed and postponed; resolutions on bank re-charter, deposits restoration, state banks, and bank investigation adopted for printing; public lands inquiry resolutions adopted; rhode island election report in favor of mr. robbins; mr. leigh seated as new senator.

Event Details

Daily sessions in Senate and House discussed deposits removal, U.S. Bank re-charter, and related resolutions; Governor Floyd's letter disapproving President's action transmitted; memorials from various states and towns presented; committee reports on deposits and Rhode Island election issued; resolutions on public lands sales inquiries and foreign coins, marble duties offered; unfinished business on pensions and revolutionary claims.

Are you sure?