The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1864-05-25
Washinglon, Nay "a.
HoUsE.

| Washington, Nay "a.
HoUsE.
4 Tho Committee ON Elections report>.
in Avor Of giving the seat for D.cotah 4
J. D. s. Todd.
| The Sssata aassduents to the nationa
currency bill we're then taken up, and d
effort 70 have them sent 70 COofereae
Committee, failed.
Mr.. Holman, Of Indiana, moved tha
the amendments Be laid on the table.
This was decided in the nsgative-5f
to 80.
The Senate had amended the 9Th Sec
Of the bill, which provides that share
holders shall Be held Individually respoa.
sible BY adding an exesp,ioa that th.
shsrsholders Of any baking association
now existing under State Lawn, having
not less than IS, 600. .OO0 Of cspitai actu.
ally paid in and surplus Of 80 per cent
on hand. both 10 be determined ~ tba
ComptroIlers of the Currency, shall Be
liable osiy 70 the smouDs invested Ii their
shases, sod such surplss shall b KEEP,
undiminished and be in addition 10 the
surplus provided for in this act and il .,
any time there shall be . deficiency in
such surplus Of 20 per cent. the banking
association shall net pay sny dividends 10
its stockholders until such deficiency shall
be made good. and in case Of euch def
cheney the Comptroller Of the Currency
may compel the banking sssociation to
close its business and wisd up ita Affairs
under the provisions Of this act.
The House -concurrsd in the above
SO to 81.
The House limited the entire issue Of
notes for circulation T. e3OO. .OOO coo.
The Senate had amended i, By making
the limit apply to the circulation or capi-
tal stock.
The House non -concurred in this
amendment BY vote Of SO to IS, leav-
ing the limit to apply to the circulation
alone.
The House, 96 against 23, coucurred
in the Senate's amendment that the
Comptroller, apoa the terms prescribed
BY the Secretary Of the Treasury, may
permit an exchange TO be made oi
any Of the bonds deposited With the
Treasury BY IN association for other bonds
of the United States authorized BY this
act, and circulating notes il be shall BE- Of
the opiaioa that such IN exsAanee oan be
made without prejudice to the United
States. - - ~
The House had fixed the rate Of inter
est 1t not exceeding 7 per cent per an
mum.
The Senate struck this out and substi
tuted that the assooiation may change the
rate allowed BY the State OF Territory
whore the bank is located and no more,
except that whers. BY the Lass Of any
State, different rate 10 limited for banks
Of issue, organised undsr State laws, the
ate solinissds sAsllabe allowed for $3.50.
Citations organised in any such State M.
der THE act, aud when No rate is fixed bv
the laws of the State or Territory. the
baak nay recsivs Or charge : rsts no.
exceeding per cent.
The House ccucnrred in this By Sc
ageinst SO.
Mr.. Ste vsns mid the nest important
part Of the bill had thua, been stricken
oub and he therefore moved 70 lay il on
the table. Disagreed 10.
The Senate had amended tho tax item
sectioa ct ,hs bill BY providing that 10
liet Of existing laws every association
shall pay duty Of one-half per cent.
eadh half year, from January Ist, upon
thu average amount Of its notes in circu.
Iaiion, and duty Of one-foarth per cent
each half year ON the average amount oi
its deposils. and duty Of ose. fosrth pe,
cent. each half PEAR on it, capital s.oci
beyond the amount invssisd in q. 8
bonds, posnisg 10 bs construed to pre-.
vest the market value Of the shares and
the real estatsx of ~ assoeiasion from
State Or municipal taxation.
The 0enate's amendment was non
concurred in-6l to 81.
The House acted on a.l the Gsnsts'l
amendme nts. Those to which the House
disagreed will BE- ssat 70 the Senate fol
further action.
Mr. Van Winkle, from the Finauc
Committee, reported isvorably on tn
House bill 70 punish and prevent tb,
counserfeitiDg Of coin Of the Unite,
States.g - 2
Ga motion of Nr. Collsuer the Bsssi
6esn Ship bill vas taken mp IN
ppaeod. s~
The Intsrnsl Reyen1s blu xas ,he
eeq6aered, Ard the ameadmsnts & q
naase Conhittss asssd =, asd tASbf
fW o04 III rs