Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1863-02-10

The Chair called up special order, which was
the bill to provide for q national currency SO
cured by pledges OF u. 8. stocks, TO provide
for the circulation and redemption thereof. An
amendment was adopted increasing the amount
OF circulating currency from two hundred to
three hundred millions. Several other amend
ments Of minor Importance were adopted.
Mr.. Sherman offered an amendment pro-
viding that existing banks may become associ-
ations under the provisions Of this act. He
said there was great legal question as to
whether the banks, being creatures of the law ;,
could change their character under their char
ter6.
Mr.. Powell offered an amendment that each
and every banking association organized under
this act shall be required to keep In its vaults
gold and silver coin to the amount of one quar-
ter OF the amount of notes 1t is authorized to
Issue.
Pending the question, the Senate went into
executive session, and afterward adjourned.
HoUsE.-Mr. Dawes, from the committee on
Elections. reported against the credentials Of
John s. Rogers of Tennessee, and Lewis Mo.
Kenzie from the 7th District Of Virginia.
The House resumed considers alton OF the ship
canal bill.
Mr.. Bsbbitt thought the present no time for
eub6Eiub upon pO CAPOhoNO UOEhb WulCu was
mainly oil o commercial character.
Mr.. Moorehead read letter from Admiral
Foote, showing there was not sufficient water
at the mouth Of the Ohio to take up guDboats to
the lakes. Commodore Davis coincided in that
opinion. All practical men looked upon the
project ss preposteFous.
The House voted on Mr.Stevens' amendment,
that before the United States proceeds to make
any expenditures the State of New York shall
make conveyance and grant the Jurisdiction to
| the United States in the same manner aB ia pro.
vided for in regard to the State OF Illinois, and
all the provisions relative to the reimbursement
of the sums expended by the United States BY
Illinois, shall apply to New York, 90 as to
make her similar reimbursements for sumo ex-
pended on New York canals. The amendment
was rejected by one majority.
| The House then voted on, and by II against 81,
agreed to Dlvenss substitute for the bill, pro-
yiding that ii New York shall within two
years from the passage of the act 30 construct
and enlarge her canals as to pass vessel two
hundred feet in length, twenty FIVE feet in
width, and of six feet and six inches draught,
from the Hudson river to lakes Erie and Onta-
rio, and shall grant to the United States Gov
ernment the right Of passage through these
canals of vessels OF war, boats, gunboats,
transports, troops, supplies, and munitions Of
war, free of tolls or charge, the Treasurer of
the United States shall deliver to New York
U. g. bonds in sums of $1,000 each, bear
ing per cent. interest, redeemable IN not less
than twenty years, with semi-yearly interest
coupons attached, for the sum OF $500, 500 600.
If the State of Illinois shall within two years SO
construct, alter and enlarge her canals ss to
pass vessel two hundred feet in length. tWen-
ty-five feet in draught, and eighteen feet in
hight, from the Mississippi 70 Lake Michigan
and grant the Government Of the United States
the right of passage through these canals OF ves.
sells and supplies as above named, free of tolls
the Treasurer of the United States shall deliver
to the State Of Illinois the bonds of the
United States in sums of 81 600 each, at six
per cent. interest, ,rodeemable in not less than
twenty years, with semi.annual coupons at.
tached, for thirteen millions three hundred and
forty eeven thousand. The bill as thus amend
ed was elected by a vote Of 6l against IL.
Mr.. Dawes called up the report of the com
mittee on Elections in favor Of the claims o
Mr.. Flanders and Mr.. Hahn to seats as mem
bers from Louisiana.
l Without concluding the subject, the Hous
adjourned.