United States House Select Committee on the Memorial of the Agricultural Bank of Mississippi
Encyclopedia
The Committee on the Memorial of the Agricultural Bank of Mississippi was a select committee of the United States House of Representatives
that existed during the 27th Congress.
of Mississippi
presented to the House a memorial
from the president, directors, and company of the Agricultural Bank
of Mississippi in Natchez
, Mississippi
. The memorial requested relief
from Congress
, specifically that interest
the bank owed to the United States
be remitted or forgiven.
The committee terminated April 9, 1842, when it submitted its final report to the House
.
, Democrat
of Mississippi
. The committee consisted of three Democrats and two Whigs
.
introduced a private bill
, H.R. 345, on April 9, 1842, along with the committee report. The bill authorized the United States Treasury Department
to settle with the bank "for the amount of moneys of the United States deposited in said bank" and to remit the interest on those amounts. The bill was referred to the Committee of the Whole House on the State of the Union
.
The Committee of the Whole approved an amended
version of the bill on June 25, 1842 This amended bill still provided relief to the bank, but tied the relief to expenses incurred by the bank when it received proceeds on behalf of the United States Government from the sale of lands from the Chickasaw
cession in Mississippi
and Alabama
pursuant to an 1834 treaty
between the United States
and the Chickasaw Indians. The bill allowed the bank a credit for its expenses equal to the amount of interest on the proceeds then due to the United States
.
The Senate approved the amended bill on August 11, and it was enacted August 16, 1842.
United States House of Representatives
The United States House of Representatives is one of the two Houses of the United States Congress, the bicameral legislature which also includes the Senate.The composition and powers of the House are established in Article One of the Constitution...
that existed during the 27th Congress.
History
The select committee was established January 7, 1842, when Representative William M. GwinWilliam M. Gwin
William McKendree Gwin was an American medical doctor and politician.Born near Gallatin, Tennessee, his father, the Reverend James Gwin, was a pioneer Methodist minister under the Rev. William McKendree, his son's namesake. Rev. James Gwin also served as a soldier on the frontier under General...
of Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
presented to the House a memorial
Petition
A petition is a request to do something, most commonly addressed to a government official or public entity. Petitions to a deity are a form of prayer....
from the president, directors, and company of the Agricultural Bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
of Mississippi in Natchez
Natchez, Mississippi
Natchez is the county seat of Adams County, Mississippi, United States. With a total population of 18,464 , it is the largest community and the only incorporated municipality within Adams County...
, Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
. The memorial requested relief
Private bill
A private bill is a proposal for a law that would apply to a particular individual or group of individuals, or corporate entity. If enacted, it becomes a private Act . This is unlike public bills which apply to everyone within their jurisdiction...
from Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....
, specifically that interest
Interest
Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds....
the bank owed to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
be remitted or forgiven.
The committee terminated April 9, 1842, when it submitted its final report to the House
United States House of Representatives
The United States House of Representatives is one of the two Houses of the United States Congress, the bicameral legislature which also includes the Senate.The composition and powers of the House are established in Article One of the Constitution...
.
Members
The select committee consisted of five members, and was chaired by William M. GwinWilliam M. Gwin
William McKendree Gwin was an American medical doctor and politician.Born near Gallatin, Tennessee, his father, the Reverend James Gwin, was a pioneer Methodist minister under the Rev. William McKendree, his son's namesake. Rev. James Gwin also served as a soldier on the frontier under General...
, Democrat
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
of Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
. The committee consisted of three Democrats and two Whigs
Whig Party (United States)
The Whig Party was a political party of the United States during the era of Jacksonian democracy. Considered integral to the Second Party System and operating from the early 1830s to the mid-1850s, the party was formed in opposition to the policies of President Andrew Jackson and his Democratic...
.
| Members | Party | State |
|---|---|---|
|
Democratic Democratic Party (United States) The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous... |
Mississippi |
|
James McPherson Russell James McPherson Russell was a Whig member of the U.S. House of Representatives from Pennsylvania.James M. Russell was born in York, Pennsylvania. He moved with his parents to a farm near Gettysburg, Pennsylvania. He attended the classical academy of James Ross in Chambersburg, Pennsylvania... |
Whig Whig Party (United States) The Whig Party was a political party of the United States during the era of Jacksonian democracy. Considered integral to the Second Party System and operating from the early 1830s to the mid-1850s, the party was formed in opposition to the policies of President Andrew Jackson and his Democratic... |
Pennsylvania |
|
Charles Hudson (Massachusetts) Charles Hudson was a United States Representative from Massachusetts. Hudson was born in Marlborough on November 14, 1795. He attended the common schools and later an academy, taught school, served in the War of 1812 and studied theology... |
Whig Whig Party (United States) The Whig Party was a political party of the United States during the era of Jacksonian democracy. Considered integral to the Second Party System and operating from the early 1830s to the mid-1850s, the party was formed in opposition to the policies of President Andrew Jackson and his Democratic... |
Massachusetts |
|
Joshua A. Lowell Joshua Adams Lowell was a United States Representative from Maine. He was born in Thomaston on March 20, 1801. He attended the common schools where he also taught. He studied law, was admitted to the bar and commenced practice in East Machias. He was elected a member of the Maine House of... |
Democratic Democratic Party (United States) The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous... |
Maine |
|
William Orlando Butler William Orlando Butler was a U.S. political figure and U.S. Army major general from Kentucky. He served as a Democratic congressman from Kentucky from 1839 to 1843, and was the Democratic vice-presidential nominee under Lewis Cass in 1848.-Early life:Butler was born in Jessamine County, Kentucky,... |
Democratic Democratic Party (United States) The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous... |
Kentucky |
Legislation
Committee Chairman William M. GwinWilliam M. Gwin
William McKendree Gwin was an American medical doctor and politician.Born near Gallatin, Tennessee, his father, the Reverend James Gwin, was a pioneer Methodist minister under the Rev. William McKendree, his son's namesake. Rev. James Gwin also served as a soldier on the frontier under General...
introduced a private bill
Private bill
A private bill is a proposal for a law that would apply to a particular individual or group of individuals, or corporate entity. If enacted, it becomes a private Act . This is unlike public bills which apply to everyone within their jurisdiction...
, H.R. 345, on April 9, 1842, along with the committee report. The bill authorized the United States Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
to settle with the bank "for the amount of moneys of the United States deposited in said bank" and to remit the interest on those amounts. The bill was referred to the Committee of the Whole House on the State of the Union
Committee of the Whole (United States House of Representatives)
In the United States House of Representatives, the Committee of the Whole, short for Committee of the Whole House on the State of the Union, is a parliamentary device in which the House of Representatives is considered one large congressional committee...
.
The Committee of the Whole approved an amended
Amend (motion)
-Explanation and Use:-Main Motions:Any main motion and any motion to amend may be amended. However, a motion to amend a motion to amend may not be amended, due to the overly complex parliamentary situation that would frequently result.-Secondary Motions:...
version of the bill on June 25, 1842 This amended bill still provided relief to the bank, but tied the relief to expenses incurred by the bank when it received proceeds on behalf of the United States Government from the sale of lands from the Chickasaw
Chickasaw
The Chickasaw are Native American people originally from the region that would become the Southeastern United States...
cession in Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
and Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
pursuant to an 1834 treaty
Treaty
A treaty is an express agreement under international law entered into by actors in international law, namely sovereign states and international organizations. A treaty may also be known as an agreement, protocol, covenant, convention or exchange of letters, among other terms...
between the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and the Chickasaw Indians. The bill allowed the bank a credit for its expenses equal to the amount of interest on the proceeds then due to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
The Senate approved the amended bill on August 11, and it was enacted August 16, 1842.