Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-04-07
CONGRESSIONAL.
WAsH1aafoN, Apfil 8.
SENATE.

SENATE.
Mr.. Grimes presented Joint Resolu-
ton to repeal the resolution authorizing
the transfer Of men from the military to
the naval service.
After short colloquy between Messrs.
Hale, Grimes, Conness and Trumbull, on
the lstters motion, it was referred to the
Committee on Naval Affairs.
The Senate then took up the Joint Reso-
luton to amend the Constitution. Mr..
Harlan addressed the Senate in support Of
the measure.
Salisbury followed in opposition to the
measure and in opposition to Johnson's
speech made yesterday.
Messrs. Hale and MeDougal also spoke at
length.
Mr.. Powell proposed an amendment as
an additional section, providing that the
President and Vice President shall not
hold their offices more than six years. Re-
jected-12 to 50.
Mr.. Powell offered an amendment, pro-
viding that no bills, resolutions, or laws
passed by Congress shall relate to more
than one subject and have more than one
title. Rejected-30 to 5.
Mr.. Davis introduced ss an amendment
10 uA6 lulub Ip5OlubAOAy W PA0NAAo A0A = ASW
mode for the election Of President and
Vice President, heretofore presented. Re-
jected.
The bill passed to third reading.
The Senate then adjourned without final
action.
HOUSE.
Mr.. Pendleton Of Ohio, from the Select
Committee on the subject reported bill
providing that the heads Of the Executive
Departments may occupy seats on the floor
Of the House.
The bill was ordered printed and per-
mission was given for the majority to re-
port and the resolutions Of the minority
to be handed in.
The House then resumed the considerR.
tion Of National Bank bill, the question
being on agreeing to the amendments re-
ported from the Committee Of the Whole.
Mr.. Hooper made the closing speech,
giving his reasons ct some length, why
the paper currency should be under the
control of the national laws.
The House then proceeded to vote on the
various amendments, agreeing to that au-
thorizing the issue of notes Of less de-
nomination than five dollars, by vote Of
76 against "a, and agreed to another
amendment that not more than one-sixth
Of the notes shall be Of less denominstion
than five dollars, and when specie pay
ments are resumed, such small notes are
to 20 out Of circulation.
The House concurred in the amendment
that any bank or banking association or
gsnized in pursuance Of the laws Of any
State, under the the articles Of association
which prohibit specified changes thereon,
may be changed and converted into q Ma
tional Banking Association under the pro-
visions Of this act, without they change in
the articles Of its association, and its
directors, at the time of such change,
NAV continue in Office, and their success
sors may, from time to time, be elected or
appointed in the manner provided by its
articles Of association.
The vote on cOncurring in the above was
yeas, 65; nsys, 63.
The House then agreed by vote Of 72
against 81 to amend the amendment that
the taxes or duties imposed by Congress,
| from time to time, shall be in lieu Of all
other taxes on said Association.
The House then voted on the amendment
that the per cent interest, fixed in Sec
ton 80, shall be deemed the lawful inter
est in all the States where no rate is es-
tsblished, but each Bank shall be bound
by the State law regulating the interest
in the State where it is located. The
above was ooncurred in. Yeas SO, nays
AZ.
The House next voted on the new Sec-
ton that nothing in this act shall be con-
strued to prevent the taxation, by the
State, Of the Capital Stock of the banks
organized under this act the same as 9TH
er monied corporations, for State or Mu-
nicipal purposes, but no State shall impose
a tax upon such Associations or their cap
itsl. circular dividend or business at q
higher rate Of taxation than shall be i'm
posed by such uuon the same amount Of
monied cspitsl in the hands Of individuals
or citizens of such State.
The above was agreed to by 76 yeas tc
Sc nays.
All the amendments of the COMMITTEES
of the Whole on the state Of the Union
were ooncurred IN.
Mr.. Stevens offered 9 substitute for the
bill, it being the same ss the original bill
with the exception Of restoring the z pei
cent interest, which has heretofore beer
the uniform rate, and leaving taxation Il
the National government Withdrawing il
from the State governments.
Mr.. Stevens substitute was rejected
Yeas So; Nays Is.
The original bill as amended, never
came up.
Mr.. spalding offered q new section
which was accepted By yeas.7l, nays not
counted.
This new section provides that eVery
Banking Association created under th'
act or any other that may hereafter b
passed, shall receive in payment Of debts
the circulating notes Of ell other bank
without depreciation or discount from
their nominal value.
Mr.. Stevens moved to lay the bill on tht
table. This motion was carried. Yea
80; Nays A.
The House shortly after this result wa
announced, adjourned.