The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-05-28

ficiency in such surplus Of 70 per cent. The
Banking Assertion shall not pay any div
idends to its shareholders, until such de-
ficiency shall be made good and IN case OF
such deficiency, the Comptroller Of the
Currency may compel tho Banking Asso-
citation to close its business, and Wind up
its affairs, under the provisions OF this ACT.
The House cohcurred In the above-6S
to3. s.fa
The House limited the entire amount Of
Senate had amended IL by mating tho
limit apply to either the circulation or cap
ital stock. The House non-concurred ID
this amendment by Q vote Of y against 10
leaving the limit to apply to the otrcula-
ton alone. "a,
The House BY q vote Of e8 against q con-
Cured in the Senate's amendUent that tho
comptroller upon the terms prescribed BY
the secretary Of the treasury, may Penny - 1hs
bonds deposited with the treasurer. BY N
association for other bonds Of the United
States authorized by this act for circulating
notes, II he shall b. Of opinion that such an
exchange can DO made without prejudice
to the United States. -. ~
The House had fixed the fate Of interest
ct mot exceeding ] per cent per annum...
00 OOu0s0 0tA OCA tulO VOG 00O 00sSOSsVSAsO&
that Associations may charge thofate allow
ed by the State or territory where the bank
10 located, and no more, except where BY
the laws Of any State . different rate
limited for banks Of issue organised under
the State laws, the rate 90 limited ehail b
allowed for. Association. organised in any
fixed by the laws Of the State or Territory,
the bank may receive or charge . rate not
exceeding per cent. The House concur
red in this by vote of So to 81
Mr.. STEVENS said that the most inn
portant part Of the bill had been stricken,
and he therefore moved to lay it on the
table. Disagreed to. go
The Senate had amended the taxation
ing laws every association shall pay duty
Of Per cent. each half year from January
last upon the average amount Of its notes
In circulation, and duty Of per cent.
each half year on the average amount Of
it, deposit and duty, Of s per cent. each
Ell in u. s. bonds, nothing to be construed
to prevent the market value Of the shares
and the real estate OF the association from
State or Municipal taxation.
The Senate's amendment was non-con-
The House acted upon all the senate's
amendment. Those to which the House
disagreed will be sent to the Senate for fur
Mr.. PATTERSON, of N. H.. reported .
bill to incorporate the News Boyfs Home
in the District Of Columbia. ~
what would be the use Of such homes II
newspapers were e be suppressed, lin that
MI. COX, OF Ohio, expressed kis surprise
ut the remarks Of the gentleman from New
York, (Brooksl TOR If the newspapers were
suppressed, not only boys themselves, but
the gentleman himself might want .
Mr. ELDRID0E, Of Mass, would like
the 9entlenan fDo0 New York (Bro0ks) 70
inform him whether the 0overnm0nt wa0
not now furnishing law to the editors Of
newspepers OF the posts II the North.
gentleman on The Rspublic1n' side could
was not an organ Of the AdministraGon.
Mr.. HERMAN, Of New York, desired to
say few words, coming, - he aid, from .
State who're the people wsreRToatly ag-
grieved from speem0dic, wAich trampled
dG Nh re So a8at4 f : e q ZEE afs:
that tho discussion 81 ths suppfessfcn 81
the World and yossr~al q Oiasssue Wa
not in order on this bill which y Mae desi-
rablo to pass, merely to secure an insu.
rance on the building Of the MsWb-boys'
Home. The Speaker sustained ths point
Mr.. HERMAN said It would b. idle to
protect Newsboys II we do not protoct citi-
zens whose rights have been violated. II
It b In order for him TO express his views
on this grand inquest OF the nation, no
desired that an express section b added 70
tho bill providing that the press shall not
be supPrssssd By the arbitrary will Of IN
Mr. MoRRfLi .e.in r.isea tn cu...
ton that the freedom Of the press wae not
pertinent 70 the bill.
The speaker again sustained fhS point.
He said the bill merely provi6od ~ IN oct
Of Incorporation Of home f0r NeWa-boyS,
pirate % this than to . land call On PEN
sion bill. at ,.h s573a -
Mr.. HERMAN remarked that he simply
desired 70 call tho attention Ut the House
70 the importance Of Tie suhjoCt. limits Of.
lscts on the wsll-bsing 81 tho ceuntty, and
TO show that, whenoyer IN executive ON.
Ger should, BY mistake Or 1rom impulse,
do an m "a, the tendency Of which Was to
ALLEVIATE the psople, IL Qover1nsat was
proportiolately weakened. s.fsoY.
Mr.. STEVENS, Of Penn, hoped tks gsn-
tleman. from New. York. (KsfhaaJ would
not now be allowed b % On any longer,
and with view q aceommodatiuA A6c 4
speech, b would move the evening b see
49, sOs SssSAS ~ keSSUys 80 rwn.Ft
Mr.. HERMAN replied that Is would be
happy % b heard It any lima Lolrs
, Mr., BROOKS movsd % roco0nsit tho
bill, with Instructions thAt hs;peQ0isioo0
shall b made to apply o the nSW1 SoyS q
New York, provided Il shall n6s g. lawful
Tor the Executive, or any 6sosfpeeseu IN
authoEity, 20 suppress neWspapefo ~ NIL
itaiy force, thus depriving nsws hoys Of
their employment.
J The speSker aid the aussndmsat VA
clearly out Of order. ri ~. 80 v2fT
Mr.. BROOKS then modiaea III propod-
hon, 20 ~ to instruct the Comnteteo q re-
port new section 70 The bill, providinG
That no newspaper shall Be supRfs9sed Il
or Id editor imclFoeeatod.
without due process Of Law. n9m
The Speaker, for the reasons he6nfo men.
toned, pronounced the proposition out Of
order. i ea4t r 1910 gse
!, Nj, COX, Of Ohio, asksd The, speaker
whether he had ever read tie consti{ution.
The Speaker replied hs had not only de-
quently read IL but had sween 70 sapport
It besides. .5 ssa7eF 800
Mr.. HERMAN had the Aoor a. -.
prOCeedinR with his remaPka ~hoD ~.