Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-01-15

teres OF the citizens here and far as they could
provide remedy for every existing evil He had OBJ
lection to suppressng the shinpaster circulation but if
the amendment of his colleague Mr. CARTrER should be
adopted, they would strike blow at the circulating
medium which existed here, and which Congress had
tolerated for eight years. which it seemed him would
De calculated TO do great injury to the community unless
they should substitute proper system of banking the
District And why should this be done? There was
no State in the Union that did not tolerate system OF
banking properly guarded Here some sixty or
seventy thousand people under the exclusive guardian
snip OF Congress, and he thought their imperative
duty to give them proper system Of bankngone that
would ensure proper circulation, not only of OF
the denomination of FIVE dollars and upwards but Of
smaller notes. provided the banks would redeem them in
specie AT the proper time he would propose as sub
stitute the bill which had been presented in the other
branch Of Congress by the Senator from New York. Mr.
Fish, which he understood in the opinion of many in
tegent gentlemen Of this community would the
people OF the District what they desireda proper and
legally authorized system of banking which would pro-
tect them from this spurious currency ahoat.
Mr. MEADE then made few remarks the necessity
OF Congress passing law regulating the subject
MI McMULLEN WAS DESTROYS to correct, far they
could the abuses which existed part of the banking
institutions Of the District but he hoped they would not
go TOO far IN attempting to remedy the evil.
Mr. STUART suggested whether gentlemen were not as
well prepared now to vote upon the aSendment they
would be after an hour two Of discussion He hoped the
discussion would not be continued, but that they would
proceed to VOTE
Il,
AVERETT, JNO. W. HOWE, WASHBURN NABERS,
and others when,
The question was taken on the amendment of Mr.
CARTIER, and it was disagreed 10: Ayes A. not
counted
After further debate, on motion of Mr. MILLSON the
following adopted substitute for the first section
That II any person persons body polite or corporate
within the District Of Columbia SHALL and after the pas
sage of this net make draw endorse emit issue any
bill of exchange bill Of credit order ticket promise
agreement, any other instrument of writing, in less
amount or of less denomination than five dollars for the
payment delivery OF notes. other valuable thing
or OF thing purportng be valuable thing, of less
amount denomination than FIVE dollars purportng or
evdencng intended to puport evidence that any
less than five dollars will be paid in money notes. other
thing to any person receiving holding such note bill of
exchange other instrument of writing above mentioned
that will be received payment any debt dues with
the intention to create put into circulation paper
cy either money in lieu of money every such person.
and every member officer agent of any such body polite
or corporate directly indirectly engaged and concerned in
or asserting to such making signing, drawing endorsing
emitting issuing aforesaid of the purposes
said shall be liable to indictment by the grand jury of the
District Of Columbia for misdemeanor on conviction
they shall be imprisoned for less than days nor
more than year. and fined in less fifty nor
more than five hundred dollars and the trial Of any such
Indictment the BILL order ticket other
IN question be, in part in the whole printed CRAVEN
shall be deemed sufficient evidence of intention put the
same into circulation in violation of this act unless the
trary be plainly shown.
Without further action on the bill
The committee then rose.
The SPEAKER laid before the House various Execu-
tive communications, when
The House adjourned