Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-09-27
O. E. Tnomrsos, sec'y.
CONGRESS.

CONGKESS.
In the Senate on the 18th the following
bill, reported by Mr. Wright, from the Com
mittee on Finance, was PASSED in that body,
by the following vote. -
The question recurring on the passage Of
the bill.
Mr.. Webster asked for the yeas and
nays, and they were ordered.
YEAs--Messrs. Allen, Benton, Black,
Brown, Buchanan, Calhoun, Clay, of Ala ,
bama, Fulton, Grundy, Hubbard, King of
Alabama, King of Georgia, Linn, Mexican,
Morris. Niles, Pierce, Rives, Roane, Rob-
inson, Rugges. Sewer, Smith Of Connecti-
cut, Strange, Walker, WALL Williams, and
Wnght-2s.
NAYs-Messrs. Bayard, Clay of Ken
lucky, Clayton, Crittenden, Kent, Knight,
Nicholas, Novell, Preston, Robbins, Smith
of Indiana, Sonthard, Swift, TaIlmadge,
Webster, White, and Young-l7.
ga BILL to postpone the fourth instalment
Of deposite with the states.
"Be it enacted by the Senate and House
of Representatives of the United States Of
America, in Congress assembled, That
the transfer of the fourth instalment Of de-
posites directed to be made with the States,
under the 18th section of the act of June
Odd, 1886, be, and the same is hereby pots.
poned until further provision by law. Pro-
uided, Thatthe three first instalments under
the said act shall remain on deposit with
the states, until otherwise directed by Con-
gress."
The Senate then went into the considera-
ton of the bill reported by Mr.. Wright,
from the committee on Finance, to author
ize the issue Of treasury notes. This bin
authorizes the issue of treasury notes TO
the amount Of millions, in notes of not
less than one hundred dolors, each bearing
an interest not exceeding six per cent per
annum. These notes to be signed by
the Treasurer, and issued in such sums as
the President may direct, and to be received
in payment of taxes and debtsto the United
States, and may be rendered to the public
creditors at par.
Mr.. Wright also reported bill 10 adjus
the remaining claims on the deposit banks.
This bill authorizes the President to contin-
ne the process of Withdrawing the depos-
its under certain circumstances which he
has commenced. The money due to the
United States to be paidin three instruments,
bearing an interest of 6 per centum.
Also bill authorizing tho further extern.
ton of the time for the payment of duty
bonds. This bill extends the time for six
months from the 1st OF October next.
Also bill imposing additional duties as
deposltaries, in certain cases, upon public
officers. This bill provides that the Treas
urer ofthe United States, the Treasurer #
the mint and its branches, all collectors Of
the customs and surveyors acting in that
capacity, all receivers Of the public money
and postmasters, shall be required to keep
without using or loaning the public moneys
which may come into their hands, until
drawn by the Treasury Department accor.
ding to law.
Also bill TO revoke the charters of such
banks in the district Of Columbia as shall not
resume specie payments. within limited
time, and to suppress the circulation of
small notes therein. The bill gives them
sixty days to redeem all their bills under
ten dollars, and six months to redeem all
other denominations, and prohibits them
from issuing, receiving or paying out any
bills of a less denomination than five dol.
lars.
Also bill to authorize merchandise to
be deposited in the public stores, and for
other purposes.
After the above bills had been reported,
Mr.. Rives expressed his wish not to act up
on any one of the measures submitted to
them until the whole should be laid before
the Senate. 1t appeared to him, he said,
that one of the most important subjects was
bill to designate the funds in which the
revenue should be collected subject dis.
tinctly pointed out by the President. He
would therefore move postponment ofthis
bill, in the hope that the chairman would
report such bill tomorrow.
Mr.. Wright said that he had reported all
the bills which the Committee proposed to
report at this session. As to the measure
in question, he was of opinion that this
subject should 60 over until the next ses-
sion.
In the House of Representatives, bills of
the same import as the above were reported
by Mr.. Cambrelling, from thecommittee of
ways and means.
PROPOSED ISSUE OF TREASURY
NOTES.
Mr.. CAMBRELLINe, from the Committee
Of Ways and Means, reported the follow
ing bill; cost
A BILL to authorize the issuing of Treasury
Notes.
BE ii enacted By the Senate and House Of
Representatives of the United States Of
America im Congress assembled, That the
President of the United States be, and he
is hereby, authorized to cause Treasury
notes, not bearing interest, for such sum or
sums as he may think exPedient but not
exceeding, in tho whole amount Of notes
issued, the sum Of twelve millions of dol.
lars, and of denominations not less than ono
hundred dollars for any one note, to DO
prepared, signed and, issued in the manner
hereinafter provided.
See. 2. And be IL further enacted. That
the said Treasury notes authorized to be
issued by the first section of this act shall
be reimbursed and redeemed by the Uni
ted States at the Treasury thereof after the
expiration of one year from the dates of
the said notes respectively. The rcim-
bursement herein provided for shall be
made at the Treasury Of the United States,