Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-10-19

On motion OF Mr. Cam0releng, Inc
house resolved itself into committee Of
o. the Whole on the state of the Union,
Mr.. Smith in the chair.
Mr.. Garland moved to take up for con-
sideration Of the Sel.atc bill No. a, for
adjusting the remaining claims upon the
the late
1 DEPOSITE BANKS.
On This motion the ayes and noes were
ordered, and resultedas follows: ayes 90,
noes Al. So the bill was taken up.
Mr.. Garland then moved to amend the
bill by striking out all after the cnacting
clause, and inserting, l..--
may be owing by any Of the former de-
posite banks TO the United States, and
standing TO the credit of the Treasurer,
or any disbursing officer, on the first day
Of the month Of October, in the year cigh
teen hundred and thirty-seven, the sccrc-
tary Of the Treasury is hereby authorized
and required to allow TO such of said banks
as may ask the same,a delay for the pay
ment Of one>fcurth of such sum as may
be owing, until the 3Oth day or the month
Of June, in the year 1888; for one other
fourth until the Both day of the month Of
September, in the year 1888; and for one
other fourth until the 3lst day of the
month of December, in the year 1888,
and for the remaining fourth until the 3Oth
day Of March, 1889: Provided, That
each bank SO applying for such delay
shall, within Forty days after the passage
OF this act, execute or cause 10 be cXecu
ted, bond or bonds, with good ana sul1i-
cient security, payable to the Treasurer
Of the United States, for each of said in
slallmcnts, with interest thereon from the
first day Of October,in the year 1887, un-
til paid, at the rate of five per centum per
annum; such security or securities TO be
approved by the judge Of the district in
which said bank or banks may be situated,
and by the Secretary Of The Treasury
Said bond or bonds shall be so taken from
each bank as TO include any costs or
damages which may have accrued to, OF
been sustained and paid by the United
States, from protests Of drafts or checks
drawn upon it at any time since the lst
day of the month of May last, one third of
such costs or damages to be included in
each installment, And In case any Of
said banks shall neglect or refuse to enter
into or execute such bonds, and give such
security as before provided, within the
delay aforesaid, it shall be the duty the
Secretary of the Treasury TO cause q suit
or suits to 10 instituted against such bank
or banks in the district court of the United
States, holden in and for the district or
State in which such bank or banks may
be situated, 10 recover the amount due or
owing"
Mr.. Lyon made some remarks in favor
Of striking out the interest 10 be paid by
the banks.
Mr.. Loomis could see no reason why
the banks should be exempted from paying
interest on the money owing by them TO
the Government, as the banks made those
pay interest who held their paper. But
the true object Of tho bill was to relieve
the people through the banks, ns, by
granting indulgence TO the latter, it would
necessarily be extended to the formel.--
He offered the following amendment 20 the
first section Of tho bill: "Providing, that
all banks give security for tho paymcntor Of
Tour per cent. per annum on all sums of
money remaining in their possession as
deposites." He also wished the interest
to be paid scmi-annua y.
Mr. Martin gave notice, that at a prop
per time, he should move 10 strike
out "four, six, and nine MONTHS" and to
insert "six, twelve, land eighteen MONTHS"
lie considered that would afford ample
Time for tho banks to wind up their con-
Germs.
Mr.. Pope was in favor Of fixing July
next rs the time for the first instament to
be paid, as, Tor various reasons, it would
be much moro convenient at that time
than before.
Mr. Robertson moved that the commit
ice rise.
On this motion division was called,
and tellcrs appointed, which resulted,ayes
IA, noes 81.
So the motion prevailed; and the COM
mittoe rose, and reported tho bill 10 the
House, without coming to any resolution
thereon.
Mr.. Cambreleng demadsd the ayes and
noes, which were ordered, and resulted as
follows: r..s
Ayes 0S, noes 7s.
So the House adjourned.
In SENATE.
Thursday, Oct. 10.
BANKRUPT l. w AGAINST