The Portland daily press., 1864-04-07
BY TELEGRAPH
ToTHB
Portland Daily Press.
XXXVIII OONGREss---rirst Session.
WASHINGTON, April 9.

WASHINGTON, April 8.
SENATE.
MIR. Grimes presented Joint resolution to
repeal the joint resolution authorizing the
transfer OF men from the military to the naval
service. Referred to the Committee on Naval
Affairs.
The Senate then took up the joint resolution
to amend the Constitution.
Mr.. Harlan addressed the Senate at length
in support OF the measure.
He was followed by MIR. Salisbury in oppo-
sition to the measure, and ip reply TO Mr..
johnson. OF Maryland.
Messrs. Hall and McDougall also spoke at
length.
Mr.. Powell proposed an amendment as an
additional section, providing that the Presi-
dent and Vice President shall not hold their
offices more than six years. Rejected-12 to
80.
Mr.. Powell offered an amendment, provid-
ing that no bill, resolution or law passed by
Congress shall relate to more than one sub
ject and have more than one title. Rejected
80 to 5.
Mr.. Davis introduced, as an amendment, his
joint resolution to provide for new mode of
electing the President and Vice President,
heretofore presented. Rejected.
The bill passed to third reading.
The Senate then adjourned without further
action.
Mr.. Pendleton, of Ohio, from the select com
mittee ON the subject, reported bill provid-
ing that the heads OF the Executive Depart
ments may occupy seats on the floor OF the
House OF Representatives. Ordered to be
printed, and permission given for the majority
and the views of the minority to be handed
in.
The House then resumed the consideration
of the National Bank bill, the question being
on agreeing to the amendments reported from
the committee of the whole on the state Of
the Unon.>
Mr.. Hooper made the closing speech, giving
his reasons at length why the paper currency
should be under the control of the national
laws.
The House proceeded to vote on the various
amendments, agreeing to that authorizing the
issue of notes of less denomination than five
dollars, by a vote of 10 against "a. Also
agreed to another amendment, that not more
than one-sixth OF the notes shall be of less
denomination than five dollars, and that when
specie payments are resumed such small notes
are to 90 out Of circulation.
The House concurred in the amendment
that any banks or banking associations organ
lied in pursuance Of the laws OF any State
under the articles of association, which pro-
hibit specified changes therein, may be
changed and converted into a national bank
ing association under the provisions of this
act without any change in the articles of as
sociation, and its directors, at the time of such
change, may continue in office, and their sue
cessors may from time to time be elected or
appointed in the manner provided by its arti-
cles of association. Yeas e5, nays 63.
The House then agreed, by a vote of 72 to
61, 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 asso-
Citations.
The House voted on the amendment that
the rate OF seven per cent. interest fixed in
section 80 shall be deemed lawful interest in
all the States where no rate is established, but
each bank shall be bound by the law regulat-
ing the interest in the State where 1t is locat-
ed. Yeas SO, nays Al.
The House next vcted 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 monied
corporations for State and municipal purposes,
but no State shall impose any tax on such as
sociations, or their capital, circulation divi-
dends, or business at higher rate of taxa
tion than shall be imposed by such upon the
same amount of moned capital in the hands
of individual citizens of such State. Yeas rs,
nays So.
All the amendments of the committee of
the whole were concurred in.
Mr.. Stevens, OF Pa, 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 cent. interest, and leaving
taxation with the National Government and
Withdrawing it from State Governments.
Mr.. Brooks, of n. , said that Buffalo was
ungenerously put into the bill to enable the
Western New York banks to avoid redemp-
tion in New York and Albany. The bank
circulation does not 60 west to Buffalo but
east, and hence redemption in Buffalo enables
banks longer to keep up their circulation.
Mr.. Stevens, substitute was rejected-yeas
80, nays rs.
The original bill, as amended, now came up.
Mr.. Spaulding, of Ohio, offered a new Sec
ton, which was agreed to by yeas II, nays not
counted. This section provides that each and
every banking association created under this
act, or any other hereafter passed, shall re-
ceive 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. Carried-yeas 50, nays A.
Adjourned.