Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-04-14
pailg SutelliaJF'l,11f
FRoM WAsnINeTON.
SLOW FRooREss il couaRlbs..

-
Il mGst be that the people are geteing
rather tired Of hearing reports from &a IFsllhS
inRtou respecting the deinRS Of Congress,
The fact Is, It Is continually the same old
story. There IL liIIIe or no progress 10
the Senate and the HouSe, aud already
houorubIe members begtp. to talk Of sitting
into August. have no idea that such
will be the case, for amer week or two Of
hot weather, whether the public inlerests
require IL or not, OonRress will adjourn
the present session without much cireum-
locuiou. But al the present moment,
talking 10 extremely POPutar Ia both
branches Of Congtess. | heard an honot-
able senator remark the other day that
''the newspapers do not know anything
about the business Of Congress-" he fur
ther stated that the best interests Of the
country Were served by long debates 10
Congress. This may be true Of legitimate
debate; but II cannot apply to buueombe
speeches. Then again, there are subjects
which should have been settled long ago.
The country demands new tax bill, And
so far has demanded in vain: Shall the
House spend month 10 debating the bill;
after il has been intrOduceaf II 90 the
beet interests OF the country will suEfer 10
consequence, aud The debate should have
been commenced long age. 80 -'-
TRn HATToNAL BANK- BILL. 7at"
The House has been engaged for more.
than week 10 debating the National
Bank bill. As Thaddeus Stevens said il
the House last Saturday, "Ihe debate has
TuA szptiaS for 4 long time" Everybody
IL LIrtd OF it-or was, before the bill was
.'perfecIed," and agreed 70. There was
one section OF the bill which Occasioned a
very lengthy debate; the one offered BY
Mr. Hooper of Boston Tor tie purpose OF
exemptiSg the great Bank OF Commerce of
New York from the PersonAl liability
clause Of the bill. The argument so far as
l could understand il VAS this: the Bank
of Commerce iS gigantic concern. It's
friendship is worth great deal to the
government, II has special privileges up-
der the charter granted 70 it BY the LegiS-,
IGIure Of New York. Therefore Congress
ahouId make al exception of its stock
holders and grant TO them privileges which
II refuses TO less rich and Important bank.
log Institutions. Mr.. Stebbins of New
York set forth the argument IN favor Of
the back IN good shape. The cream Of Il
Is ccntained in the Subioined paragraphs:
sThls Institution has been In existence SOW for
abouT twenty -sE y ars and ths Il lts financial
coalition In the nTst place there over twenty.
tEo huuorOd DhSrShOideEsi about One-third Of the
capt 81 stock - held today In the Gx New EnRlApd
states; bat there all the GoTd
they are IN kngtAnd Sad france, In the BritiBh
prJVineaA In 1rOseO, In Asia, In Mexico, In South
America, 10 tWeaty states AMI territories Of tia
UnItod tateS and in fact In every par. Of the EloS
There ArU OVER seven hundred lsmaIs stoekhoider1
Wtdo Sc, orphans trugtS, &G., &C., in small suma
and 70 snAbIo the bank 70 accept the conditions OF
Lh Law, would be comp alled 70 dissolve Aad nay
ts shareholders every dollar OF their Investment
AID then T0dnlte only by frH8mentAFy portions OF
Its Nd asHFshol6ers into nALonal bank or 20 oh
tain the ASIOnt Of every GhAreholdsE IL the event.
thee, Of the adoption uf any legislation breaking
down the state iRsttuionA Il 4 perfectly clear that
toe only IhGnee there is fjr this bank to eonLInuS
10 exist il under this IAE aud In the Hdoptiou Of
some proTiGiOn such Is provided for under thiS
section Nov, Gr, understand that the Bank q
Coon sOres Il perfectly HAISaed With lts condition ~
state tnsttutioui there l. special desire on the
pGrT Of the Stos khodsrs 70 accomplish any change
iuto the new Law. fhOy are UilIing 70 show BY
taoIr example what they conceive 70 be the value
OfEhis new national system. So that Il il question
Uhether 70 % LSt Tor the Interest Of this Congress-
10 case they adopt such system a. 70 make Il In.
possible 70 thu lnstitaEion 70 cone und ItS SEN
trGi prJVlSloaa, 20 make an exception Ia this IN.
6y when they VII obtain the in uones which
such an instltutiO0 ROuld exert"
Ar. StebbinS ia a clever man, and a
shrsWd Legislator. He will not pretend
that this is DOT class legislstiou-that it Is
not taToritism, but he argues that, because
the Bank of Commerce is rich aud power
fol, therefore it shall be made an exeep.
Iion 70 . general rule. Mr.. Alley moved
the subjOiued amendment, which was
agreed to:
Provided. however, That the stoekhoIdsru Of all
GhS not DO personally IiablS Tor an amount excsed
tnG the value Of thOir stock.
He defended hiS amendment very forei.
bly,. Here is paragraph from bis I've
minutes speech:
81 an OppOssdtO making Any dIsti6c4Ioa In EAVos
Of ALy clAss Of stoekhoIdorS aud believe SiSS this
House L. obpoaad nuEh 6F0bal1iio1 Hneh
manifest inSq aAlity aud injustice eAanot believe
Hih ps tOler led Hy this House. cannot believe
this Houso viii consent TO exempt such mammoth
Institution ON such proVision, aud hold all the
StOokhJtdSEs In ali the associations thruuE-
cat the oOanIry 70 rigid adherence 70 that proYE
sion. But AN opposed 70 the whole principle Of
st0ckhoidsrs' liability where tue redemption OF the
els e provided for b. ample security. i Am OPP
P0ssl TO hOdlnE 1toekhol1sra Liable in any case Ox-
eSp: 70 prGte.E billholderB, because believe Il
WO.h gro's InIastieo, and IL great hArdEhpp npon
stoekholdsrs sensTAuy. In my own state OF 1aIsa.
ehu&>tts have . SinlAr PrJvIsion in our bankIng
laG, out It s1tendS only 70 the protection Of the
STATE that the depotors should Be 10 this
way by holding the properly Of the stockholders
hAes, fer Eho StoskholdosI have not a. good oP.
msnAnSRouont u the banks - the depoatoEB have
Er the reason that the depo8ItOrB are genoralIy
Men VI business and are eonTOraAut with The oparS
tionI OF The banEs With which they deal"
Tue ALLEY amendment was agreed to, as
have stated, and itF6trikeS me that the
House did wisely TO reject Hooper propo-
HitiOn. Mr.. Hooper, however, is generally
right 10 his positions. Business men, v
ever, are 10 some danger Of posing Iaws
for the benefit of their business compan.
ions, rather than Of the people az lasfe.
EEttsrlENFsIN REBEL srArEs.
On Monday the Sspate had to adjourn
for want Of . quorum. Yet q most impor-
tant bill has been upon It's table for weeks
the bill giving TO the States power TO re-
eruit on rebel territory to fill their quotas.
The House passed the bill by two votes TO