Benton Opposes National Bank and Seeks Southern Benefit
In Senate on July 7, 1841 Mr. Benton of Missouri denounces a national bank as a political weapon against democracy and a device to plunder the South and West. He vows to amend or oppose the charter, push for equal capital distribution to the South and West, and eventually work for its repeal. He argues New Orleans should host the bank’s chief seat to remove it from Washington.
MENTIONED IN THIS ARTICLE
Benton
Missouri
Senate
Calhoun
District of Columbia
New Orleans
Mr. B
Bank of England
United States
London
Washington City
England
Fife
Mississippi
Congress
Cicero
Cataline
America
Wiseun
Israel
Cormorant
South
Potomac
South Carolina
United States Bank
Charleston
Elliott
State Bank
New York
Bank of
Allegheny
Eirippe
Atlantic
Allen
Yeas
Messrs
Clay
Alabama
Fulton
King
Linn
McRoberts
Nicholson
Pierce
Sevier
Smith
Connecticut
Sturgeon
Tappan
Walker
Williams
Woodbury
Wright
Young
Archer
Bates
Bayard
Berrien
Choate
Kentucky
Clayton
Dixon
Evans
Graham
Henderson
Huntington
Ker
Mangum
Merrick
Morehead
Porter
Prentiss
Preston
Simmons
Indiana
Tallmadge
White
Woodbridge
Committee On
Finance
Wed
Treasury Department
Treasury
Secretary of the Treasury
Bank of the
Navy Department
Secretary of the Navy
War Department
Army
Navy
Committee of Ways and Means
Saaenaeneemeel Self
Aleo
The $12 000 000 Loan Bill in Senate 1841
The Senate debates a twelve million loan bill to cover 1841 expenditures. AMENDMENTS split for limiting use to debt liquidation and defense funding. Speakers demand restraint, debate treasury cash needs, and argue for or against Treasury notes versus direct loan.