Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-25

WAsHrNaToN. Nav a


mlttee, reported favorably on the House
bill to punish and prevent the counterfeit
ing of coin of the United States.
On motion of Mr.. Collamer, the Brazil
steamship bill was taken up and passed.
The Internal Revenue bill was then con-
sidered, and the amendments of the Finance
committee were acted on as the bill was
read.
Mr.. johnson introduced bill granting
lands to aid in the construction Of rail-
road and telegraphline from Lake Superior
TO Puget Sound. Referred to committee on
Public Lands.
Mr.. Van Winkle, from the committee on
Finance, reported favorably on the House
bill to punish and prevent counterfeiting of
the coin of the United States.
On motion of Mr.. Collamer, the Brazil
mail steamship bill was taken up and pass
ed by yeas 81, nays IA.
The bill to appoint an additional SUPER
vising and two local inspectors of steam
boats for collection in the State of Tennes-
see, was passed.
HoUsE.-The committee on Elections re-
ported IN = iayor 70 OF giving the seat for Daco-
The Senate's amendments to the National
Currency Bill were then taken up, and an
effort to have them sent to Conference
committee failed. LI
Mr.. Holman of Indiana, moved that the
amendments be laid on the table. This was
decided in the negative-56 to 80.
The Senate had amended the 18th section
of the bill, which provides that sharehold-
ers shall be held individually responsible,
by addingan exception that the sharehold-
ers of any banking association now exist
ing under State laws, having not less than
$5,OOO0O0 of capital actually paid in, and a
hon hot 10 ho
determined by the Comptroller of the Cur
rency, shall be liable only to the amount
invested in their shares, and such surplus
shall be kept undiminished and be in ad-
dition to the surplus provided tor in this
act; and If at any time there shall be de-
ficiency in such surplus of 20 per cent, the
banking association shall not pay any divi-
dends to its shareholders until such deti-
cheney shall be made good, and in case of
such deficiency the Comptroller of the Cur
renccy may compel the banking association
to close its business, and wind up its affairs
under the provisions of this act.
The House concurred in the above-SS to
"a.
The House limited the entire amount of
notes for circulation to three hundred mil
lion. The Senate had amended it by max
ing the limit apply to either the circulation
or capital stock.
The House non-concurred in the amend
ment by vote of 81 against n, leaving
the limit to apply to the circulation alone.
The House, 96 against %, concurred in the
Senate's amendment that the Comptroller,
upon the terms prescribed by the Secretary
OF the Treasury, may permit an exchange
to be made of any of the bonds deposited
with the Treasurer by an association, for
other bonds of the United States, authorized
by this act for circulating notes, if he shall
be of opinion that such an exchange can
be made without prejudice to the United
States. The House had fixed the rate of
interest at not eXceeding7 per cent. per
annum.
The Senate struck this out and substitu-
ted that the associations may charge the
rate allowed by the State or Territory
where the bank is located, and no more
except that whereby the laws of any State
different rate is limited. For banks of
issue organized under State laws, the rate
so limited shall be allowed for associations
organized in any such State under this act,
and when no rate is fixed by the laws of
any State or Territory, the bank may re-
ceive or charge rate not exceeding seven
per cent.
The House concurred in this-56 to 50.
MIR. Stevens said that the most important
part of the bill had thus been stricken out,
and he therefore moved to lay it on the ia
BILE. Disagreed to-55 to 70.
The Senate had amended the taxation
section by providing that in lieu of existing
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 u duty of d per cent
each half year on the average amount of its
deposits; and duty of d per cent. each
half year on its capital stock beyond that
amount invested in U. S. bonds. Nothing
is to be construed to exempt the market
value of the shares, and the real estate of
the association from State or municipal tax
alton. The Senate's amendment was nom
concurred in-61 to 81. The House acted
upon all the Senate's amendments. Those
to which the House disagreed will be sent
to the Senate for further action.
Mr.. Patterson, of n. H., reported bill
to incorporate the Newsboys' Home in the
District of Columbia.
Mr.. Brooks, of n. Y, wished to know
what would be the use of such house if
newspapers were to be suppressed. In that
case there would be no news boys.
Mr.. Cox. of Ohio. expressed his surprise
at the remarks of the gentleman from N.
T., [Brooks;] for if the newspapers were
suppressed, not only the boys themselves,
but the gentleman himself might want
home.
After long debate, the bill for the ncor-
poration of the Newsboys' Home in the
District of Columbia was passed under the
operation of the previous question.
The House resumed consideration of the
Reciprocity treaty.
Mr.. Davis, of New York, made speech
against the propriety and expediency at this
time of giving the notice for the termina-
tion of the treaty.
The House then adjourned.