The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-04-14

agreed to another amendment that not
more than one sixth Of the notes shall
be of less denomination than FIVE dol
lars; and when specie payments are
resumed, such small notes are TO 60
out of circulation. The House con-
Cured in the amendment that any bank
or banking association, organized in
pursuance of the laws of any State un-
der the articles Of association which
prohibit specified changes therein, may
be changed and converted into Ma
tional Banking Association, under the
provisions of this act, without any
change in the articles of association,
and its directors, at the time of such
change, may continue in Office, and
their successors may from time to time
be elected or appointed in the man
ner provided by its articles of associa-
ton. The vote on coneurring was,
Yeas, 65; Nays, SO. The House then
agreed, ~ against 81, to amend the
amendment that the taxes on duties
imposed by Congress from time to time
shall be in lieu of all other taxes on
said associations. The House then
voted on the amendment, that the rate
of seven per centum interest, fixed in
section 80, shall be deemed the lawful
interest in all the States where no rate
is established hut each bank shall be
bound by the State law, regulating the
interest in the State where it is located.
This was concurred in, Yeas, 80; Nays,
43. The House then voted on the new
section, that nothing in this act shall
be construed to prevent the taxation
by States of the capital stock of the
banks organized under this act, the
same as the property of other moneyed
corporations for State or municipal pur-
poses; but no State shall impose any
tax upon such associations or their
capital, circulation, dividends, or bust
ness at higher rate of taxation than
shall be imposed by such upon the
same amount of moneycd capital in the
hands of individual citizens of such
States. Agreed to, Yeas, 10; Nays,
Sc. All the amendments Of the Com
mittee of the Whole were concurred
in. Mr.. Stevens (Un., Pay offered a
substitute for the bill, it being the same
as the original bill, with the exception
of restoring the uniform rate of seven
per centum interest, and leaving taxa
ton with .the National Government
Withdrawing it from the State Govern
Inents. Rejected, Yeas, SO; Nays, 7s.
The original bill as amended now came
up. Mr.. Spaulding offered a new Sec
tion, which provides that each and
every banking association created un-
der this act, or any other hereafter
passed, shall receive in payment of
debts the circulating notes of all other
banks without depreciation or discount
from their nominal value Mr.. Stevens
moved to lay the bill on the table.
Motion carried-Yeas, 50; Nays, A ;
This kills the whole bill. Adjourned.
SENATE, April 7.-On motion of Mr.
Doolittle, the bill to aid Indian refugees
to return to their homes was taken up.
The bill appropiiates about 100000
for the benefit of the Indians who fled
into the frontier States year ago,
from Indian Territory, on account of
the rebellious position taken by some
of the tribes. The Senate proceeded
to the consideration of the Joint rcsolu-.
lion amending the Constitution
Speeches were made by Mr.. Hendricks
and Mr.. Henderson. After Executive
session, adjourned.
HoUsE.-The Secretary of War was
directed to inform the House how
many commissioned officers. with their
names and rank, have been dismissed
from the military service by authority
OF the President, without trial by
Court Martial, since the beginning of
the present war, and how many such
dismissals have been revoked. The
House resumed the consideration of
the Raritan and Delaware Bay Rail
road bill. Mr.. Woodbridge argued in
favor of the constitutionality and ex,
pediency of declaring the roads and
boats of that Company to be military
and post routes. The subject went
over. The House then proceeded to
the consideration of business relating
to the District of Columbia. Several
local bills were passed, and one appro-
priating s25O,OOO for the erection of a
Peniten,iary, Jail, and House of Cor
rection, in the District ofsColumbia.
was discussed. Pending motion to
lay the bill on the table, the House ad
ljourned. ro@