, 1864-04-27

SENATE.

WASHINGTON, April 81, 1861.
Ifr. UALE introduced = bill to amend IN act to
proEnote the efficiency OF the nary. Reic1red to tae
Iii. WILSON submitted resolution for appEo-
priatInc twenty-five millions of dollars for the pay
and Subsistence of the militia to be called out by
tic President. Referred to tho House Military
Tho House bill to establish postal money order
eystem was taken up.
TIE bill passed alter being amended.
:iLe btll relating 10 ranked matter was also
passcd.
serted an anendu::nt 10 the bill, establishing
bureao Of military Iustice and agreed to commit
The Senate next proceeded to the consideration
Of The Horse bill to provide for national CDR
iii ii. coLLAMEE, of ofvermont, called up the SEN
ate resolution in relation to franked matter. 1t
10 be received IN the heads OF Execnti!e 'Deaast-
1uepts and Chiefs OF bureaus where entitled to the
frankiEg privilege without being endorsed official
tnsiness," bas With the name Of The writer there
ihe 5iil ios the relief otthe State of Wisconsin,
was called up by Mr. Uoolittl: ~ unfinished busi-
ness. and ,rnnde the kpee1a ofceF 'or 1onday
next.
Mr, SHERMAN, OF Ohio, called up the special or.
der-thc bil to provide nationsl currency secured
ht pledge OF Quilted States bonds, and to provide
tSr .bn cIrcuIptIoo and redemption thereof.
Mr. SHERMAN explained that this e;!l repeals
thc act flhc ,sst congress- though nearly all the
PROVISIONS o{ that bill: are contained IN thls one
Sbe amendments arc mainly as the details to gre
rGIcscy 10 the measure. The chief differences are,
trst that the Et or lnst year required banks
red uudcr tho act to redeem their oWn notes at
| their own counters, but this bill names certain
CHEF cities where the notes ot dinefcnt oanks ase
| to be redeemed In addition.
The second change wss IN regard to taxation.
there haTing been GONE doubts Is to whether the
| banks we're 10 be Liable to both the Government
and Stnte tax, IN this bill that matter Is Clearly
| defined, ,.-
TIE third and fourth changes are In regard "a
| State banks: improving the system BY which Old
/ banks may come IN under the Law, and rendering
stockholders individually liable to an extent equ1
| to the amount of, tneir stock
The 9Th change fs as regards the interest, but tht
Senate Committee proposed to ssrike o9t ths ani !
| form per cent, ss established u the Aoaae DILL
| sud leave It much the eame Us In ihe old bill.
Tbe sixth change provides FOR the receipt Ok iVt
ufr cent ra well Is ex per toads OF the Unttet
States as the basis Of circulation. to be kept alay
1T marriu Of ten per cent On their market valne
TIE seventh cItanee aliows the Issue o. notes o
lees denomination than FIVE dollars TO tue e1ten,
Of ouedftsof their entire Issue, such note. TO ns
| redeemed when spece payments are resumed.
An amer dment to the ELL offered by ~. st En-
MAN Wae adoptcd. lts effect Is to admit the Bans
| Of Commerce Of New YORK into The prnFlsioas .
tic II, mixing shareholders liable TO the cx%nt G
thcir shares 80 long Us tne surplus iuna VI :" r.
| cert sLoIl rcMaIu EndiHtnleGed-
| The Senate Al I've O'Clock adjourned.
HOUSE.
The Hoaec 1f;a morning went Into Committee o.
| tlle iuterp.! 1ay-unc Hill.
Iii. HOLMAN, Of Indiana, offered an amend