No bankers or stockholders in Congress

In the Senate, Tuesday, December 24, 1793.

The following motion was made and seconded, to wit: That the Constitution be amended by adding, at the end of the ninth section of the first article, the following clause:

Nor shall any person holding any office or stock in any institution in the nature of a bank for issuing or discounting bills or notes payable to bearer or order, under the authority of the United States, be a member of either house whilst he holds such office or stock; but no power to grant any charter of incorporation, or any commercial or other monopoly, shall be herein implied.


In Senate, Tuesday, January 14, 1794.

The Senate proceeded to the consideration of the following motion, viz:

"That the Constitution be amended by adding, at the end of the 9th section of the 1st article, the following clause:

"Nor shall any person, holding any office or stock in any institution in the nature of a Bank, for issuing or discounting bills or notes payable to bearer or order, under the authority of the United States, be a member of either House whilst he holds such office or stock; but no power to grant any charter of incorporation, or any commercial or other monopoly, shall be hereby implied."

And, after debate, the further consideration of this motion was postponed until to-morrow.



WEDNESDAY, January 15.

The Senate resumed the consideration of the motion made yesterday for an amendment to the Constitution of the United States, inhibiting the holders of any office or stock in the Bank of the United States from a seat in either House of Congress.

On motion to amend the motion, to be read as follows:

Nor shall any person holding any office in any in stitution in the nature of a Bank, under the authority of the United States, be a member of either House whilst he holds such office; but no power to grant any charter of incorporation, or any commercial or other monopoly, shall be hereby implied."

And, after debate, the further consideration thereof was postponed until to-morrow.



THURSDAY, January 16.

The Senate resumed the consideration of the motion made yesterday, to amend the motion under consideration the 14th instant, for an amendment to the Constitution of the United States, inhibiting the holders of any office or stock in the Bank of the United States from a seat in either House of Congress.

On motion to amend the the amendment, so that it be read as follows:

"Nor shall any person holding any office in the Bank of the United States be a member of either House whilst he holds such office; but no power to grant any charter of incorporation, or any commercial or other monopoly shall be hereby implied."

It passed in the affirmative-- yeas 13, nays 12, as follows:

Yeas-- Messrs. Bradley, Brown, Burr, Butler, Edwards, Gallatin, Hawkins, Jackson, Izard, Martin, Monroe, Robinson, and Taylor.
Nays-- Messrs. Bradford, Cabot, Ellsworth, Foster, Frelinghuysen, King, Langdon, Livermore, Mitchell, Morris, Strong, and Vining.

On motion it was agreed to expunge the following clause of the motion last adopted:

"But no power to grant any charter of incorporation, or any commercial or other monopoly, shall be hereby implied."

On the question to agree to the motion, amended as follows:

"Nor shall any person holding any office in the Bank of the United States be a member of either House whilst he holds such office."

It passed in the negative, yeas, 12, nays 13, as follows:

Yeas-- Messrs. Bradley, Brown, Burr, Butler, Edwards, Gallatin, Hawkins, Jackson, Martin, Monroe, Robinson, and Taylor.
Nays-- Messrs. Bradford, Cabot, Ellsworth, Foster, Frelinghuysen, Izard, King, Langdon, Livermore, Mitchell, Morris, Strong, and Vining.

On motion it was agreed that the further consideration of amendments to the Constitution of the United States be postponed.




Connecticut 1. Oliver Ellsworth (P) 3. Roger Sherman (P), until July 23, 1793 Stephen Mitchell (P), from December 2, 1793 [edit] Delaware 1. George Read (P), until September 18, 1793 Henry Latimer (P), from February 7, 1795 2. John Vining (P) [edit] Georgia 3. James Gunn (A) 2. James Jackson (A) [edit] Kentucky 3. John Edwards (A) 2. John Brown (A) [edit] Maryland 3. John Henry (P) 1. Richard Potts (P) [edit] Massachusetts 2. Caleb Strong (P) 1. George Cabot (P) [edit] New Hampshire 3. John Langdon (A) 2. Samuel Livermore (P) [edit] New Jersey 1. John Rutherfurd (P) 2. Frederick Frelinghuysen (P) [edit] New York 3. Rufus King (P) 1. Aaron Burr (A) [edit] North Carolina 3. Benjamin Hawkins (A) 2. Alexander Martin (A) [edit] Pennsylvania 3. Robert Morris (P) 1. Vacant until December 2, 1793 Albert Gallatin (A)
Abraham Alfonse Albert Gallatin (January 29, 1761 - August 12, 1849) Swiss-American, the longest-serving Secretary of the Treasury.
James Ross (P), from April 24, 1794 [edit] Rhode Island 1. Theodore Foster (P) 2. William Bradford (P) [edit] South Carolina
2. Pierce Butler (A)
Ralph Izard (P) [edit] Vermont 1. Moses Robinson (A) 3. Stephen R. Bradley (A) [edit] Virginia 1. James Monroe (A), until May 11, 1794 Stevens Mason (A), from November 18, 1794 2. John Taylor (A), until May 11, 1794 Henry Tazewell (A), from November 18, 1794