New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-04-27
xxxvsur,b .sir'' Session.
SENATE WASHINGTON, Anri &c, 1864.


Mr. V.tRUJn.. N. H. introduced bill to
amend m act Ia provde for tie Ell -loncy # the Navy
which provides that officer snail be- retired under
The age of 60 and whose name shan not have been borne
unon the Navy Register IS years after the age Of It,
Referred 20 the Naval Committee.
JUDICIARY DISTRICTS OF VIRGINIA.
W TIN FYcK ON, N. j. reported from the Judi
eiaTy Committee q bill changing aud defining the
boundaries Of the Eastern and Western JUDICIARY
Districts II Virginia. The two districts are maaI GO
extensive with the States OF Virginia ana west VIZ
uia the court of the latter 30 hold six sessions ahnu
slly-at ClsrksbuTg, March ~ and Aug "a OF Wheel
ing April and Sept. g. at Charleston Aprh ~ anu
Sept 10. - ,,-,,,,cr-
APPROPRIATION FOR TROOPS on SHORT SERVICE
Mr. WILSON (Un.. Mass.) introduced the following
Joint resolution which was referred TO the committee
Re,olrsd That the sum Of $4,000 900 be and the same is
hereby appropriated oct Of moneys 10 the Treasury not
sns, iranspcrng and paying volunteers that may be re-
ssved BY the President ior any time not less than OO days
CADETS IN THE ARMY.
Mr. WILSON introduced bill TO increase the number
of cadets in the army and for other purposes IL pro-
yides that the number Of cadets at the Military Acad
eny shall not exceed -four hundred The President may
appoint in addition to the number of cadets heretofore
authorized by law, two cadets for each state repre-
scented in Congress who shall be actual residents OF the
State from which they appointed. All appoint
meHs of cadets not otherwise provided for by law shall
be made from the military forces of the United States
Regulars and Volunteers But no person shah be ap-
pointed cadet under the provisions Of this section who
shall not have served honOraby for the period OF twelve
Of any year shall not exceed one hundred and fry no
person to be admitted cadet who shall be less than
seventeen than twenty years OF age on the Isl
OF July in the year of his admission except such per
provided for from the Regular ana oiuh'
teer forces above mentioned who shall not be less
than seventeen more than twenty-five years OF age
the LIST of July in the year OF their admisson no
person hereafter to be admitted as cadet until ne sni
have passed full and satisfactory examination IN the
branches prescribed. Referred to the Military O''n
mittee ~ -, IT,
bill establishing money order system was caeu up'l
and after amendments, passed.
FRAgKED MATTER.
He also called up the Senate resolution IN relation 10
ranked matter II permits AL commnniea g, ol
tive Departments and Chiefs Of Bureaux where entitled
70 the Thanking privilege without being indorsed "o
cia business but with the name OF the writer
Passed.
The bill for the relief OF the State Of Wisconsin was
called up by Mr. DooLIrTLE (Un., Wis., as unfinished
business and made the special order for Monday next
NATIONAL CURRENCY.
Mr. SHERMAN (Un., Ohio called up the special order;
the House bill 10 provide national currency secured
by pledge of United States bonds and 10 provide Tor
the circulation and redemption thereof. Mr.. sherman
explained that this bill repeats the act Of the last Con-
gress though nearly all the provisions of that bill are
contained in this one. The amendments are mainly az
the details t. give efficiency 10 the measure The cne
differences First that the bill oflast year required
banks organized under the act 10 redeem their own
notes a. their counters but this bill names certain
chief cities where the Of different banks are to be
redeemed in addition. The second change was in re-
gard TO taxation there having been doubts as 10
whether the banks were to be liable to both the
Government and State tax. In Us bill that
matter is clearly defined. Tboamnd aud fourth
proving the system by which old banks
may in under the law and rendering stockholders
individually liable 70 an extent equal 10 the amount OF
their stock. The fifth change is as regards interest
but the Senate Committee proposed to strike out The
uniform rate Of per cent established in the House bill
and leave it much the in the old bill The sixth
fort Tho of uf
per cent bonds OF the United States basis OF crcu
laton to be kept always at margin Of 10 pr cent on
their market value. The seventh change allows the
issue Of notes Of less denomination than15 70 the ex
tent Of oneth Of their entire ISSUE such notes TO be re-
deemed when specie payments are resumed =,
The Senate proceeded 10 consider the bill reported by
the finance Committee.
On motion Of Mr.. SHERMAN. the clause Of the bill
providing for the admission of tbs Bank Of Commerce
Of NewYors, was stricken out and amended 80 as 10
lead except that the shareholders of any banking
association having not less than s5oOOOCO Of capital
stock actually paid II and surplus OF ~ per cent on
main 1 nnd@insSeda H. Sherman explained that this
amendment was solely made to apply to the Bank Of
Commerce of New-YOrk City. II was important that
this wealthy corporation should be allowed to come in
under the provisions of this bill as 1t had extended
many fayors 20 the Government Under the pro-
visions Of the bill as it came from the House IT
would be excluded and it was proposed 70 strike out
Mr. HENDERSON Gun, Mo- opposed the whole bank. |
Ing system proposed By the bill He considered II moth
ing bat the revival Of an exploded idea. The time
would when would see the error Of the present
legislation lie opposed the comforting Of more power
upon the wealthy Bank of Commerce than possessed
as had already received remuneration for all the ia
yors IL had done the Government
The Senate Committees amendment striking ont the
CLAUSE in the House bin allowing State tax on the CAPT
ss stocks Of banks organized under this act and
ydng that in lieu Of al other taxes every association
shall pay the Treasurer Of the United States in the
months of January and July duty of half Of one
per centum-each half year from and after the first day
~ Jan he \
In circulation and a duty Of quarter Of one per
centum each half year aforesaid on the average
of it's capital stock beyond the amount invested
in United States bonds debated at some length by
Messrs CHANDLER and HENDERSON in opposition, and
Hessrs. SHERMAN and FEssENDES in support oft.
Without action the Senate al o'clock adjourned.