Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-04-27

and bill granting lands to Mississippi
for Railroad purposes.
Mr.. Herman said he would like to know
heW much land we had left after the ex
tensiVe grants made to night.
The Speaker replied that he was unable
to say.
Mr.. Herman was afraid there would moi
be enough left for the soldiers.
Mr.. Julian, from the Committee on Pub.
lie Lands, reported bill to secure soldiers
and sailors homestead on forfeited and
confseated land.
Adjourned.
A Representative Au-
gustus Frank, Of New York, and not Mr..
Finck, as was erroneous stated in Mon
day. report Of the proceedings, on whose
motion the House adopted an amendment
taxing sales Of gold, silver, bullion and
sterling exchange, promissory notes, bonds
or other securities one-teuth Of one per
cent on the amount Of sales, and upon all
contracts for such sales.
SENATE.
Mr.. Hale introduced bill to amend an
act to promote the efficiency Of the Navy.
| Referred to Naval Committee,
Mr.. Wilson submitted q resolution for
appropriating twenty-five million Of dol
lars for the pay and subsistence Of the
militia to be called out by the President.
Referred to the Military Committee.
The House bill to establish q Postal Mon
ey Order system was taken up.
The bill passed after being amended.
The bill relating to franked matter was
also passed.
The Senate, then, on motion Of Mr..
Wilson, insisted on its amendments to the
bill establishing q Bureau Of Military
Justice, and agreed TO Committee Of Con-
ference.
The Senate next proceeded to the con-
siderstion Of the House bill to provide for
National currency.
An amendment to the bill, offered By
Mr.. Sherman was adopted. Its effect is
to admit the Bank Of Commerce Of New
York into the provisions of the Bill, max
ing shareholders liable to the extent Of
their shares go long 50 the surplus fund
Of 20 per cent. shall remsin undiminished.
Collamer called up the Senate's resolu.
ton relating to frsnked matter. It per-
mits al Communication of whatsoever or
igin 10 be received by hesds Of Executive
Departments and Chiefs Of Bureaus, where
entitled to the frsnking privilege, without
being endorsed official business, but with
the name Of the writer thereon. Passed.
The bill for the relief Of the State Of
Wisconsin, was called up by Doolittle, as
unfinished business, and was made the
special order for Monday next
Mr.. Sherman called up the bill to pro-
vide for national currency, secured BY a
pledge Of United States bonds, and to pro-
vide for circulation and the redemption
thereof
Mr.. Sherman explained that the bill re-
peals the act Of the last Congress, although
nearly all the provisions of that bill ar
contained in this one. The amendments
are mainly the details to give eficasy to !
the measures. Tho chief differences are, |
hrst, that the bill Of last year re- |
quired banks organized under the act |
to redeem their own notes at their own /
counters, but this bill names certain chief 1
cities where the notes Of different banks
are to be redeemed in addition. The Sec
Ond charge was in regard to taxation,
there having been some doubt as to Wheth- /
sr the banks were TO be liable to both the
government and State tax. In this bill
thst matter is clearly defined. The third
BshkaYefh charges are in regard to State
By which old Dars-tS--.s aha svzt.,,, |
under the law, and rendering stooR. I
holders individually liable to an extent |
equal to the amount Of their stock The /
fifth change is as regards interest but the
Senate Committee proposed to strike out
the uniform rate Of seven per cent estsb-
lished in the House bill, and leave il much
the same as 10 the old bill. The sixth
change provides for the receipt Of fvs
per cent. ss well as six per cent, bonds Of
the United States es basis Of circulation
to be kept always at a margin Of ten per
cent. on their market value.
Ths seventh change allows the issue ef
notes Of less denomination than dol /
lars, to the extent Of one-ffth Of their en-.
tire issue, such notes to be redeemed when
specie payments are resumed. The Senate
proceeded to consider the bill, reported by
the Finance Committee that q yesr from
and after the 18th Of January, 1864, upon
the average smount Of its notes in eirou-
.stion, and duty Of one fourth of one per
cent, each half year as aforesaid on tho
average amount Of its capital stock, beyond
the amount invested in o. s. bonds, was
debated at some length by Messrs. Chand-
Ter and Henderson in opposition, and
Messrs. Sherman and Fessenden in sup
port Of it. Without action the Senate ad-
iourned st 5 o'clock.